New Orleans daily crescent., 1857-11-20

H.
The said corporation is established for the purpose Of con-
srueting ca!age road fro. tho head Of nsyao. the
ys sra y 90 ne Bay Il
river t. he Bay aecops to bs
ns H. .e and
sons and Their assigns shall hereafter subscribe and
e Sss s,o q d shs Ss Ten millions q
'ss ss ~ & spp.Sp1s,sd IL; ,sI1Sws
10000 shsss millions dollars shall be .sued as full
Is sloe sr.n,. asdsr sss deed deed
ss a o hss ID e
ef the sloo grant under the decree q the Mexican
Government. -'-
100000 shares. sH ~ 500
ARTICLE ".
Lists Of subscriptions shall be opened the times and places
required by the Of said grants and such other
much Of said eight millions Of as may remain
after deducting the subscriptions Of those who this
ARTICLE Y. .-...s.
The payments be subscribed and to
time subscribing len dsss
e Direction Il nsasms noa escees ten
EACH at Of than sixty days Calls stock
ut two newspapers published in New Orleans
ARTICLE vi.
On the conveyance Company by said Trustees OF the
I
for snd s
in al s paid IL CASH and on the execution Of
said ssid eight
THAT portion of said bonds pons said
trust be used for the payment Of the liabilities
usss1 hs Be pr Ell The S
5 e
discretion may think proper to pay being distinctly under
either the said except provided
.
ARTICLE VI. tfa
No dividend shall be declared before railroad
than is per cent its tolls and the reeeps fsom
tolls shall exceed the required for the maintenance
ns s Be- 9 R
tolls SO as keep the dividends down to Is cent
This article shall impose any Limitation on the amount
of other than tolls for the trans
portation of freight and passengers.
ARTICLE VIII.
to the Mexican for the sioo grant shall bs ps
% hs
Mexican in the Re prof provided in said
Sloo grant.
The business Company shall conducted its
domic by nine Directors whom least shall
quorum The Directors shall elect President and Vice Pres
dent of their body and shall have power elect Direct
At
ns @
ton and all process against the Company be made the
pany, the hands Of any Of its officers.
ARTICLE x. Hw
Emile Lasere, John NJ. Bell Alfred Penn, W y. starke,
and Duncan Kenner shall compose the rs Board Of Direct
annual and eac ENLISTMENT Rosd 5ai, he ertd m ~ S p
Monday Of April year and enter the discharge Of its
eligible as Director unless he owns Is shares of stsck
ARTICLE XII.
a. to elect ect1s shall no, dissolve the
until Board can be elected All notices Of election and of
days in at least two Of the New Or
'''''' ARTICLE XII.
In case of failure on be part OF any subscriber to pay the m
stamenss on his stock as required the Board Of
oek and sell for ,he beneh. Of Company may, with
@ and nc sha S pepmd o W g
default.
A, oil ,.,,,,,s =, A.. s,.a,,as..s -, ., al, ,,.,,,
~ al vi the anu ~ an aua
oty OF me stock az sneh meetings snail
ing Of diminishing the Capital stock the Company or for
The e or e the OF the
approped March ih 55 h" be eopnosed Of persons hold
ing their right agents others,
fourths Of the Company valid and
hoe and at all elections majority Of those Present and
represented shall govern.
r, ~ n, ,an. Aniio,h ~, =; ALt. w. -, l..
receive
M @ dsSchoS .v,b % m @ M % anu e az ts M a e 1us %
o erine hs lima and ,c t;nn nf ,h rnas and
to make all contracts for the Aforesaid to
nnrchnS. oil uar;uiS ach;ns. a;ciae shs wassol
and steamboats, and all equipments deemed by them
orarv ,hn% anS nrnnar 70 g:o tha ;an NJ ~;
cbariar ncn;ng tho xn an of ,os for
tntion nf nassenpers fraighe and walls e - ~ " pS
u, ~, AhNcLE AV.
me pecto snail nave power 70 appoint all ohcers and ser
Wants the Company hA her ana remove iheh
~ pressure may borrow money anu issue thereiof pohns notes
or o'ler Nv sucu ers anu on suc as
may deem hes ana mortgage the properly OF the company TO
secure the payment thefeot.
ARTICLE XVI.
stated animal of the shall he bed one
Of
he last vesr oneaon and business and far he exsmnaion
condition affairs
mep Of the financial and other affairs Of the COMPANY shall be
befor hyt tha in
office Besides meeiing President Directors
proper,
anv ime nn The renuiso o
any any sF,h % s " ,ha @ nr m III Ennnuy NJ ~ caI of ths
ockbndes IN take no any matters acnr the
h hd 9 at I ,h ia a bs M omnanr IN III. cH Of New IN
leans " "
~ .pr,c,p vv11
c., ..,. Il, -, !, -. -; ~ m.,, xr al, o
Certificates OF stock shall be issued the shareholders and
transfer OF stock shall be binding on the Company until made
on Its stock books
ARTICLE XVIII.
The Board of Directors shall be authorized specially
Compas unI he Whole amount Of the capila socS he
Company shall have been exhausted
ARTICLE XIX.
As will be necessary arrangements with