New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-12
CHARTER
or THE
LOUISIANA TEHUANTEPEC COMPANY,


and appoint such directors and officers
establish such for the proper reeua
ton of the affairs of the corporation may necessary
ARTICLE II.
said corporation established the purpose of
S0saeSaleos vel point g. Bay #
s9s Ct s
dons Of said grants knowa the Garsy and Sso grants
river according conditions Of said grants and
admit associates under this
stock upon and conditions hereinafter provided
The capital Company shall be ten millions of
divided into Of hundred dollars each which
$1,000 shares eight millions dollars shall be subscribed
% mn sh paid for as hsTsinafs e provided =
paid sGa delivered e s VIZ
executed BY r A. Hargens for himself and as
% re-, sa the K a..s ~ holder
Government.
Lists of subscriptions shall be opened the times places
so much Of said eight millions Of cash sock AZ ay
after dedactng the subscriptions Of those who sign this
charter.
ARTICLE V.
The payments stock subscribed and to
be subscribed aforesaid follows:
s e y in nna M md
for by the Direction not exceeding ten per cent
by y not less than
days in at least two newspapers published in New Orleans
.3-. ARTICLE VI. ~,
On the conveyance Company by said Trustees of the
said dsed d trust the Board d Deos a ne &c
for the purposes Of said trust and said stock shall be cond
fs h the ls
on tie s R @an eight
That portion Of said bonds which under the Of said
soo shall be pf%sa I to the
sasacson Of such debts and liabilities the parties
convey the the exercise Of their sole and uncontrolled
stood Company The payment Of no debt WHAT
ssr tho s by any
eighth article Of this charter.
ARTICLE VII.
No dividend shall be declared before the railroad
pleed The Company shall derive greater
than 10 from its tolls and whenever the receipts
the road the Of running expenses dividend
per cent per there shall be atabe dmihuon of
tolls SO to keep the dividends down Is per per
its snds or aS IRON Sae or Leases OF
portation OF freight and passengers
ARTICLE VIII
m he SIX hundred housand dollars by Falcon
and the Company will reimburse itself
soo grant.
ARTICLE TX.
the city Of New Orleans which remain its
doe by nine DIRECTOR, Of whom least shall
quorum The Directors shalt President and Vice Presi.
supply @ sss' bween e
annual elections AT all elections
entitled to One vote Legal service Of cia
or @ hs s maae the ne
pany, in the hands Of any of its officers
ARTICLE X.
Emile Iasere, John NJ Bell, Alfred Penn w f. starke
Lionel U. j. H. Warner j. W. Burbdge,
and Duncan kenner shall compose Board Of Direct
each be sesd ON he s
Ap oay nS ensss
eligible Director unless he owns 25 shares stock
ARTICLE xI.
failure shall not dissolve the corporaon
continue the exercise Of its
meetings stockhoders shall be given BY Publication een
days in advance in at least of the newspapers Of New
case Of failure on the part subscriber the
and sell for the Of he Company Mr Of may w he
stockhoidsr permitted to vote Whist N
or of the stock such meetings
ng diminishing the capital Company or for any
P @ acct Of the
OF III IT, pPs on sp
ing in their own right agents for others least
onrhs OF the stock of the Company in order take valid
binding action in the premises meetings stock
ana at all elections majority of those and
ARTICLE XIV.
The President and Directors shall have power
laws &c for the proper and regular transaction of bust
rate name any real or personal to do thing
With as a se ma Ges
necessary to Determine the line and location Of roads
purchase all materials machines, vehicles teams ships
or useful for the purposes Of the Company and
hps NY and effect of
ta'on of passengers, freight and mails.
ARTICLE XIV. so,
The Directors shall have appoint officers
wants of the Company fix their them
Obligations at terms and on oaha
may deem best and mortgage the property of the Company to
ARTICLE XVI
stated 1f annual ma Of the shall be held
the last years operations and business and for the examination
into the condition Of the affairs which meeting full
laid, before 1hs meeting By the President and
others when s they h s and @
time the Of stoeRhoders representing
stockholders to take into consideration matters affecting
ocs Of the the Sew
| leans.
| ARTICLE XVII.
Stock books shall be kept in the offices of the Company
o Of o so s. h al and
| on its stock books.
| ARTICLE XVIII.
pr work. labor Materials lands and effects furnished
the Company. payable in whole, part the
company until the whole amount of the capital
| company shall have been exhausted.
ARTICLE XIX.
VIII be necessary to enter into arrangements with
Mesrs Emile asere and j. Benjamin are hereby made Tho
"gehts OF the Company with full power
or uoih OF said Governments for such
and changes in said grants Judi
ot null and perfect protection for rights
ARTICLE XY.
AT the expiration of charter or the
W s. all render its liquidation necessary three
shall be elected by whose dt,
sha oe 10 ke possession OF The propdy % the Company
sueh manner as shall be determined by daerf of stock
holders regularly convened for pnrpose ana it. Mt tht
expiration OF the present charter, majority ofbe
amount and number shall desire to renew The same for
further term, the stockholders dissenting from such
shall be bound transfer their 10 those dern @
| chosen for that purpose. '''l
New Orleans, July 80, 1857.
| Fifty shares.
/ Jonn NJ BEL, Fifty shares,
| D. W. Burbridge. Fifty shares
= Ii warner Fifty shares,
Lionel Y Levy. Fifty shares.
| ". T. eafKe' FIFTY shares.
Duncan f. kenner ...... Fifty shares -
Alfred Penn, pro- Emile LaSere Fifty shares H,
John Sdell, per pro. Emile LaSere. Fifty shares
+. A. Hargous,
Per pro. j. P. Benjamin .... One hundred shares
= neiyaihih. FIFTY shares. '
D. Y penegre. Fifty shares.
+. U. Hebert.. Fifty shares
The Recorder of Mortgages the parish