New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-08-26

their assigns shall hereafter pay
stock the terms and conditions hereinafter provided
ARTICLE III.
dollars divided into shares of hundred dollars each, which
sSo shnres eight millions Of dollars shall be subscribed
and paid for as hereinafter provided
10000 shares or TWO millions of dollars shall be ued as fa
The title to said ,aag and Sloo grants under the deed
representing rights of F. ?. F.rornet, now holder
Of the sloo grant under the decree Of the Mexican
Government.
100000 shares
ARTICLE ".
of subscriptions shall be opened the times and places
required by of said grants and other times
so much Of said eight Millions Of cash stock rs may remain
after eductng the subscriptions of those who now sign this
ARTICLE V.
The payments be made the stock subscribed and to
be subscribed follows per the
time of subscribing ten per cent in sixty days M teaer ten
For Sy The beeo per
each intervals Of less than sixty days. Calls for stock
days in at least two newspapers published in New Orleans
ARTICLE VI.
On the conveyance this Company by said Trustees of the
said deed trust, the Board q Directors shall issue said
purposes said trust and shall be consi
cred in all II paid cash and the execution Of
d ~ M for the , of n the eight per cent
That portion of said bonds which under the provisions Of said
trust to be used for the peymen, Of the debts and liabilities
satisfaction Of such debts and liabilities as 10 the parties to
convey the the Exercise Of their Sole and uncontrolled
aeTs ay hk rny Gs G If ao HH6
es tho 3 500 S y ] q f
eighth article of this charter
ARTICLE VII.
No dividend shall be declared before tic railroad
pete4 The Company shall not derive net Feysnne greater
tolls Shall exceed the required for The maintenance Of
per cent per album there shnl be atas dmi1non Of the
tolls as to keep the dividends down to Is cent per
This aticle shall impose any Limitation the Of
its lands Of revenue other than tolls for the
portation of freight and passengers.
ARTICLE VIII
The six hundred thousand dollars adyanced by F P Falcon
to the Mexican Government for the soo shall be paid
on and the Company viii reimburse Itself out Of he share Of
the Mexican in the net profits provided III said
soo grant.
The business Of The Company shall be conducted It's Office in
domic by nine Directors of whom least SHAH be
quorum The Directors shaft elect Presde" and Vice rrs
dent of their body and shall have elect DIRECT
annual elections elections for Directors at ali meetings
each be 6ns Vo % T @
ton and a. process aFanst The G2pa my ae made on the
pauy, in the hands of any OF its officers.
ARTICLE X.
Gm sS9 'GV WHIT NJ n Aa rps E. f shtf
and DanG%n ksnneT the frat RosFd Of peet
annual subsequent Board shall
Of Ap se yea %nS ON the S Of It's
eligible Director unless he owns % shares of stock
ARTICLE II.
failure to elect Directors shall dissolve the corporation,
but The oara office shall continue the Of its function;
meetings Of S rs sS be rye M a
days advance in at least two of the newspapers of New Or
ARTICLE xII
In case Of failure on the part OF any subscriber 70 pay the in
aer fem DAYS aSyertsemrn or oc in wyi,i1T opst ~
sock and sell for the benefit of the Company, may, with
default.
ARTICLE Mi.
At all meetings of the stockholders and all elections
y of the stock represented at such meetings shall govern
ing diminishing the capital stock of the Company, any
Legislature Louisiana entitled organization
Of corporations Tor works of pubic improvements and utility
ng in their right agents for others at least three
binding premises other meetings Of stock
holders and at all elections majority of those and
ARTICLE XIV.
The President and Directors shall have make all by
to hold receive purchase and convey under the
rate name any property real or personal to thing neeS
ereinbeoe described with as many tracks as they may deem
make all necessary purposes aforesaid
purchase all materials machines vehicles teams ships vessels
useful for the of the Company and in general
sSS' ] s sSs HGTts
taion of passengers, freight and mails
The Directors shall have appoint all officers and
wants Of the Company fix their and remove them
other obligations such and such conditions as i,
may and mortgage the property OF the Company
secure the payment thereof
week s the
int into ye"do Of e a aa at wc tine 5
of the financial and other affairs of the Company shall be
Office BESIDES mis- meeting, the President Directors may
c others when they think and shall he their duty
the reUuisitiOn stockholders
Of the stock of the C9mpany to call meeting Of the
Interest Of The C9np"ny Al meetings soskhadsrs sh@
leans.
ARTICLE XVII.
S99 OK h s be kp in The es ns ap
transfer Of stock shall be binding on the Company until mad
ARTICLE XVIII
The oard Of Directors s@ "ah%r6d srsc%
3 h Sn Sh Of P s ea m s ,S o of
Company shall have been exhausted
ARTICLE XIX.
As it will be e. to enter into M arr s wit
Msr Em hSere and F. Benjamin are hereby made
G 9' 5 " s
" @ 3 ehGTEs n n s as 5 e @
interests Of this Company.
ARTICLE Xxx.
the expiration of the charter whenever the dissolution
he ma % sa ba hSseTS
sha be T. as OF he of s1 S
!" such @s a BE- meeting Stock
h"ers regularly convened for that pGp9g ana Il at tn
n a s n@ siS sha dssrs
@ m bann ne h SS those dsns the
newa at its fair value TO be Affixed by appraisers mutual"
'n Sc% G fSE saa. p 5aiS g. 1851
E%1s II !af Ss E F5i'y s sSsss.
J. W. Burbrdge, recommendation city shares
Lionel 9. Lcvy.,.,.........,.......F Ely shares.
WE, Starke. ,.....,,......,.,,..F Fifty shares.
hIrsd PENN per- pro- Emile LaScfe Fiy shares
Io,n nprp ro Emile IaSere, Fifty shares