New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-08-31
CHI A II Il Il Il
LOUISIANA TEHUANTEPEC COMPANY.

appoint directors officers
establish such bylaws for the proper and regula
ton the affairs OF the corporation as may be necessary and
proper.
ARTICLE II.
STRUGGLING carriage road from the head navigation on the
Goatzacoalcos river point the Bay Of Ventoa the
river to the Bay ento according the eon
enjoying and Conducting the navigation said Gosaaeoacos
river according the terms and conditions Of said and
and their assigns shall hereafter subscribe and pay for
stock upon the terms and conditions hereinafter provided
ARTICLE III.
Th e HSss G so St ssd @ hat be millions Of
dollars shall be subscribed
10000 shares two millions Of dollars shall be issued full
the title to Garss and grants under the deed
Of trust executed BY r A. Ha5gqgs for himself and
Of the sloo grant under the decree Of the Mexican
Government.
100000 shares.
ARTICLE ".
Lists Of subscriptions shall be at the times and places
required by the Of said grants and at such other times
much Of said eight millions Of stock may
after deductng the subscriptions of those who sign this
ARTICLE V.
The be made the cash stock subscribed and
time Of subscribing Ten in sixty days te
Il ninety days and the remainder called
sseh intervals Is ,,ss e. s
days. in at least two published in New Orleans
ARTICLE VI.
On the to this Company by said Trustees Of the
a 81 s1 q sa s s
Trustees the aforesaid two millions Of dollars Of full paid
ssS Pad q on The 9
said the of said trust the eight per cent
bonds of the Company for million Of dollars, payable
uSasF the s9o and % m ear the
whom said Trustees by the terms of said trust required to
discretion ion may think proper to being distinctly under
contracted by any company or under
either the said s9o ra grant, except as is provided the
ARTICLE VII.
dividend declared before the railroad is com
peed The Company shall not derive net greater
tolls shall exceed the amount required for the maintenance
the road the payment Of running expenses and dividend Of Is
tolls SO as to keep the dividends down to Is cent
This article shall not impose any Limitation the
that the Company may declare from sales leases of
portaion of freight and passengers.
ARTICLE VIII.
The six hundred thousand dollars advanced by
net to the Mexican Goye for the Soo grant, shall be paid
by the Company its bonds such be agreed
the Mexican in the net profits provided ia said
Sloo grant.
ARTICLE TX.
The business of the Company shall be conducted
the city Of New Orleans which shall forever be and remain
residents of said city Four Directors shall
dent of their body power new
os to supply that in the the
of stockholders votes be given by proxy and
ton and all against The Company may be made
President in left his address the office the
pany, in the hands of any OF its officers
ARTICLE x.
Emile Lasere John NJ Bell Alfred Penn, Ssfke,
Duncan + Kenner shall compose the first Board Of Direct
n mil thS ast Monday IN The elections sha
bs sas @ the
eligible as Director unless he owns Is shares of stock.
| ARTICLE xI.
failure to elect Directors shall dissolve the corporation
but the Board in Office shall continue the exercise of its functions
until Board can be elected All of
meetings of stockholders shall be given by publication fifteen
advance in at least of the newspapers of New Or
ARTICLE XII.
In of failure the part any pay the
saments his stock required the Board may
sock and sell il for the benefit Of the Company may
su snd ne Ross 5 m d
dsfaut S"''' DC 10 '0's whist III
| ARTICLE XIII.
At all meetings of the stockholders elections ma
ory of the stock represented such meetings shall govern
except that such meetings called for the purpose of
Of the purposes the fifth section Of the act
March i4h 1855 composed Of persons hold
the the D take valid n
hoer and ections majority D those Present and
represented shall govern.
|
The President power make all by
laws necessary for the and regular transaction of bust
name property or personal to do any thing
sary for the repair or of the roads
necessary determine the line and location of the roads,
purchase materials machines Vehicles teams ships vessels
aa @ and all PINE med By them necessary
g M and sset the Of this
| tatlon oil passengers, reght and mails
| ARTICLE XIV.
wants of the COMPANY fix tbeir and
pleasure borrow and issue therefor bonds
may atS oe ana mortgage the property Of the Company to
ARTICLE XVI
stated animal meeting of the stockholders shall one
week before the election of Directors the report
the last years operations and business and for the examination
into the condition Of the affairs which meeting
laid before Re BY Pesident Directors then in
oce Besides this meeting the President and Directors
Of R sRe asaS
@ s aD to ea ae mgsag % the
interest Of the Company Al meetings Of stockholders shall
leans '''pA' Al A' CITY % +''" VT
ARTICLE XVII.
Certificates @ TIC to GesS 5S @
OF stock shall be binding on the Company until made
ARTICLE XVIII.
The Board of Directors shall authorized specially
g Se o sGS in daps s sot Of
Company shall have been exhausted
ARTICLE XIX.
As will be into with
the Government of Mexico, and that of the United States.
Mess Emile LaSere j. 2. Benjamin hereby the
joint agents of the Company, with full power with
either both of said Governments for such notifications
amendments and changes in said grants
ciou for securing full and perfect protection for the rights
| interests of this Company.
| ARTICLE Xxx.
At the expiration of the charter whenever dissolution
of all
shall be elected BY siockholers whose duty
shall be take possession the property the Company
and conduct itbusues nal liquidation such terms and
in such shall be determined by meeting
holders regularly convened for that purpose the
in amount and number shall desire TO renew the same for
further TERM the stockholders dissenting from sHch renewal
shall be bound transfer their stock desiring, the
newal at It's fair value to be affixed by appraisers mutually
| chosen for that purpose
| New orleaGs, July so, 1857.
Emile IaSere. Fifty shares.
JoIn VI. Dell. FIFTY shares,
| j. W. Burbridge. ................. Fifty shares.
- H. my suaFes.
IaonelC ,levy..-..-..,.....--..... Fifty shares.
" n. sIrhe Ely snaIes'
Duncan +. kenner. 49,. FIFTY shares.
Alfred Penn, per pro- Emile LaSere Fifty shares.
| John Sliiel, per pro Emile LaSere. Fifty shares.
P. a. Hargous,
Per pro- J. P. Benjamin. One hundred shares.
| y t, benjamin. FIFTY shares.
! j H. DeDegTe. FIFTY shares.
/ I. y. HebeTt.. Fifty shares
The undersigned Recorder Mortgages for the parish
and city New Orleans. cees that the within charter
recorded this dag in his Office in book society No4 folio 46
JOHN HOLMES, Recorder
! New Orleans August 4, 1851. Rn5 lew5t
srluER : tVARE-nnITSES APPLY TO