The American patriot., 1855-09-15
CHARTER OF THE
Clinton Branch Railroad Company.

CHARTER OF THE
Clinton Branch Railroad Company.
N ACT to incorporate the Clinton Branch Rail
II Road Company.
PREAMBLE .....s. se s.1l |
WHEREAS, corporation, styled the Clinton Branch
Rail Road Company, has been created under the
Act Of the Legislature, entitled can Act for the
organization of Corporations for works Of Pub
lie Improvement and Utility" approved, March
the twelfth, eighteen hundred and fifty two,
which said corporation was enacted in the fol-
lowing words, to wit: 4 1s5
We, the undersigned, agree to form ourselves
into corporation under the laws of the State of
Louisiana, hereinabove set forth, for the purpose
of constructing Rail Road from the town ofClin-
ton Parish Of East Fcliciana, running through the
Parish 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 have
formed the annexed Charter, and have signed the
same.
CHARTER OF THE COMPANY.
SECT l. The said corporation shall be called the
Clinton Branch Rail Road Company, and its
domicil be fixed in the town of Clinton, in the
Parish of East Feliciana. pq
SECT .. The said corporation is established for
the purpose of constructing, working, and main
tanning Rail Road from Clinton, in the Parish of
East Feiciana, eastward through the Parish Of St.
Helena to point of intersection on the New Or
leans Jackson, and Great Northern Railway, which
shall be deemed the most favorable after satisfac-
tory surveys. 17 ta
SECT. 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 periods as shall be fixed by the Board Of
Directors.
Proysde3, That the subscriptions my be paid in
labor or materials, when such mode of payment is
preferred by the subscribers. Proaded also, that
no call shall be made for more than ten per cent at
time and sixty days notice of each call shall be
given 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 year.
SECT 4. The said corporation shall go into op-
Grafton and be organized, shares of stock
to the amount Of seventy-hv thousand dollars shall
have been subscribed.
SECT s. The business of the Corporation shall
be conducted at its domcil in the town of Clinton
by "a Board composed of twelve Directors. quo
rum shall consist of at least five Directors. The
directors shall eject of their body, as President
of their Company, at their first meetind after their
election. No person shall be eligible as drcc-
tor, who is not share holder. At all 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 Com
pany is the officer designated the one on whom
legal service of all process 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, Or left
to his address at the Office Of the Company in the
hands Of any of its officers.
| SECT. 6. The first Board of Directors shall be
chosen as soon as the list of subscription shall be
closed. The notices Of the election of the first
Board of Directors, 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 des gnated by the commissioners charg-
ed with receiving the subscriptions.
| The first election shall be held under the super
intendence of the commissioners aforesaid, who
shall select three of their number for that pose.
All subsequent elections under the supclntendcnce
Of three commissioners to be appointed from among
the stockholders by the Board Of Directors for the
time being. The first Board Of Directors shall hold
Office until the first Monday of May, Of the year
Eighteen hundred and fifty-sX The election shall
be annual and each subsequent board of directors
shall be elected on the third Mondy of April.
A failure to elect directors, shall not dissolve the
corporation but the Board in Office shall continue
the exercise Of its functions, until new Board can
be elected. All notices of elections and meetings
of shareholders, after the first election Of Directors
above provided for shall be given by publication,
fifteen days in advance in one newspaper in the
city of New Orleans, and one in the town of Cln-
ton.
SECT I. The following named persons are here.
by appointed commissioners for the purpose o!
receiving subscriptions to the stock Of said corpor
alton to-wit