The Feliciana Democrat. (Clinton, La.) 1855-186?, 1855-08-18
CHARTER OF THE
n Branch Rail Road Company

Clinton Branch Rail Road Company.
A ACT to incorporate the Clinton Branch Rail
II Road Company
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 LOUISE
ana hercinabove 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 hav
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 its domcil he
fixed in the town of Clinton in the Parish Of East
Felciana.
Sec. 2. The said corporation ia established for
the purpose of constructing working. and maintain
ing Rail Road from Clinton in the Parish of East
Felciana, eastward. through the Perish of st. He
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. 8. The capital stock of the company IL 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 To-
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 per cent at one
time. and sixty days notice of each call shall be CIV
en- by publication in one newspaper in the city Of
New Orleans and one Ia the town OF Clinton. Not
more than four calls shall be made in one year.
Sec. A. The said corporation shall go into opera
tion and he organized as soon as shares of stock
to the amount of seventy6ye thousand dollars shall
have been subscribed.
Sec. s. The business of the Corporation shall be
conducted ut its domcil in the town Of Clinton by
Board composed of twelve Directors. A quorum
shall consist of at least five Directors. The direc-
tors shall elect one of their body, as President OF
their Company, at their first meeting after their
election No person shall be eligible director.
who is not share holder At all elections by stock
holders, and all their meetings, each share shall he
entitled to one vote Votes may be given in person,
or in proxy. The President Of the Company il the
officer 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 citation whether made on the
President in person, or left to his address at the Office
of the Company, in the hands Of any of its officers
See. 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 desg
mated by the commissioners charged with receiving
the subscriptions.
The first election shall be held under the superln
tendehcc of the commissioners aforesaid, who shall
select three of their number. for that purpose AL
subsequent elections under the superintendent OF
three commissioners to be appointed from among
the stockholders by the Board of Directors for thu
time being The first Board of Directors shall hole
Office until the first Monday of May, ofthe year eigh
teen hundred aud ify-six. The election shall be an
nua and each subsequent board of directors shall b.
elected on the third Monday of April. A failure tc
elect directors shall not dissolve the corporation but
the Board in Office shall continue the exercise of it,
functions until new Board can be elected. AL
notices of elections and meeting of shareholders
after the first election Of directors above provided
for shall be given by publication. fifteen days IL
advance in ono newspaper in the city of New Or
leans. and one in the town Of Clinton.
I See. T. The following named persons are hereby
appointed commissioners for the purpose of receiv
ing subscriptions to the stock Of said corporation
to wit: