The Feliciana Democrat., 1855-09-01

CHARTER OF THE
Clinton Branch Rail Road Company.
A ACT to incorporate the Clinton Branch Rail

AN ACT to incorporate the Clinton Branch Rail
PREAMBLE
WHEREAS, corporation, styled the Clinton Branch
Rail Road Company, has been created under The
Act of the Legislature, entitled "An Act for the
organization of Corporations for works Of Public
Improvement and Utility" approved, March the
twelfth, eighteen hundred and fifty two, which
said corporation was enacted in the following
words, to wit:
WE, the undersigned, agree to form ourselves into
corporation under the laws of the state of Louisi
ana herenaboye set forth, for the purpose of con
structing Rail Road from the town OF Clinton
Parish of East Felciana, running through the Par
ish of ST. Helena. to some point Of intersection on
the line of the New Orleans, Jackson, and Great
Northern Railway, and for that purpose we hay
formed the annexed Charter, and have signed the
same
CHARTER OF THE COMPANY.
SECTION l. The said corporation shall be called the
Clinton Branch Rail Road Company, and it's domic be
fixed in the town Of Clinton in the Parish of East
Feliciana.
Sec. 2. The said corporation is established for
the purpose of constructing working, and maintain
Ing Rail Road from Clinton, in the Parish of East
Feliciana, eastward, through the Perish of St. lc-
lena to point of Intersection on the New Orleans,
Jackson, and Great Northern Railway, which shall
be deemed the most favorable after satisfactory
surveys
Sec. 3. The capital stock of the company is fixed
at Five Hundred Thousand Dollars, divided into
twenty thousand shares of twenty-five dollars each
Payments shall be made in such sums and at such pc.
riods as shall be fixed by the Board of Directors.
Provided, That the subscriptions may be paid In Ia
Dor or materials, when such mode Of payment is pre-
ferred by the subscribers. Provided also that no
call shall be made for more than Ten pr cent ut one
time, and sixty days notice of each cal shall be Civ
en- by publication in one newspaper in the city OF
New Orleans and one in the town of Clinton Not
more than four calls shall be made in one year.
2sr 4 por oil ;,to
tlon and be organized as soon rs shares of stock
to the amount of sevenyfve thousand dollars shall
have been subscribed.
Sec. 8. The business of the Corporation shall be
conducted at its domcil in the town of Clinton by
Board composed of twelve Directors. A quorum
shall consist of at least five Directors. The drec.
tors shall elect one of their body as President of
their Company, at their first meeting after their
election. No person shall be eligible as director
who is not share holder. tall elections by stock
holders and all their meetings each share shall be
entitled to one vote. Votes may be given in person,
or in proxy. The President of the Company is the
olicer designated as the one on whom legal service
of all process or citation against the Company may
be made. and the Company agree to be bound by
service of process or citation whether made on the
President in person. left to his address ut the Office
of the Company, in the hands Of any of its officers
Sec. 6. The first Board of Directors shall be cho-
sen as soon as the list of subscription shall be closed
The notices Of the election of the first Board OF Di-
rectors, shall be given by publication made fifteen
days in advance in one newspaper in the city of New
Orleans, and one In the town of Clinton, and the
election shall be held at the time and place desig-
mated by the commissioners charged with receiving
the subscriptions.
The first election shall be held under the superin.
tcnaepcc OF the commissioners aforesaid who shall
select three of their number for that purpose. All
subsequent elections under the superintendent of
three commissioners to be appointed from among
the Stockholders by the Board of Directors for the
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