New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-08-27
CHARTER
OF THE
LOUISIANA TEHUANTEpEC COMPANY.

for the period Of twenty second contract and
porae seal fourth, hold receive purchase and convey
to name and such directors and officers
their and require sixth to make and
ton OF The affairs of the corporation as may be necessary and
proper.
The said corporation established 70, The of
a Of @ 1T TT Misc pG said
soyns and sG1d Ike, the n Of aa
agree to admit as our associates under this charter such
upon hereinafter provided
ARTICLE III.
doa divided into shares Of hundred dollars each which
soo shares eight millions dollars shall subscribed
"a ooo and paid for 40 hs ere provided
paid stock and delivered the who hold
q 1 @ S s fe y and S9g sa deed
Representing the rights Of + p Faeonqe nov holder
Government
100000 shares
ARTICLE ".
Lists of subscriptions shall be opened the and places
places the Directors may determine subscription
50 much Of sd eight millions Of eas stock as may
charter.
The payments be made the cash stock subscribed and TO
be subscribed aforesaid are a follows ten per cent at the
time of r ten and sI day. m aet ten
for by The Direction In nsents not exceeding ten per cent
payments shall by sixty
days in least two published in New Orleans
ARTICLE VI.
a d asa Of @ sy q scor % @ e as
for the purposes of said and aid stock shall be consid
d to
ona o ice for the p of laid hs s
That portion OF said bonds which under the provisions Of said
be the tor se @ s SS 20 s
s s ps Hsn aso and THRILL d sa to e to
convey the in the exercise of their sole and uncontrolled
n %15 R"S 0
contracted by company under
eighth article Of this charter.
ARTICLE VII.
No dividend shall be declared before the railroad is
than Is per from its tolls and whenever the receipts from
tolls shall exceed the amount REQUIRED for the Of
per annum there shall be rHabe dmution Of the
tolls keep the dividends down Is per
its lands of other tolls for the
portation of freight and passengers.
ARTICLE VII.
The six hundred thousand dollars advanced by P Falcon
net 70 Ge Mexican 10 for The sloo graft shall be paid
md the Company will reimburse itself of The share Of
the Mexican Government in the net profits provided said
Sloo grant.
ARTICLE TX.
The Company shall be Office
the city Of New Orleans which shall forever be and
domc by nine Directors Of whom at least shal be
quorum The Directors shall elect President and Vice resi
dent out Of their BODY ana shall have power to elect new Direct
elections all elections meetings
each entitled vote Legal service q cita
p@ 5 o s @ ss bs es Of s e the
pany. in the hands Of any Of its officers.
ARTICLE x.
Gm t tSy 'Ih wne h 4 A a rSpo + , s
and Duncan ksnnsr s1! compose the first Board Of DIRECT
and nd each board Shall be elseed the
%p On e Of Nss. q S ss the ss s ss
eligible as Director unless he owns IS shares Of stock.
ARTICLE XI.
but the Board in office shall continue the its functions
meetings Of stockhoders shall be given BY Publication feen
days in advance in at least two of the Of New Or
| ARTICLE XII.
Of failure on the part subscriber the in
alter ten days advertisements or otics IN wppg fope re
ock and sell it for the benefit of the Company may, with
suit and stakeholder shall be permitted whilst in
At all meetings of the stockholders aud at all elections
ority Of the stock represented such meetings shall govern
ing diminishing the capital Company any
Il ,e n eso Of he act the
,s I 0 Of s pe he en- and %
ing their right, agents Others least
nn of the tick Of the sks y v" u
holders and at all elections majority of those present and
| represented shall govern
ARTICLE XIV.
The President and Directors shall have omake all
Laws hsd for the and regular n, of h
rate name property real personal to do thing
described with IS many RACKS as they may deem
necessary to determine the line and of the roads and
make all for the aforesaid to
purchase all materials machines vehicles teams ships, vessels
useful for the purposes the Company, and general do
min" W and s hs s of M
'aon of passengers, freight and mails
| ARTICLE XIV.
The Directors shall have appoint all officers and
Company, their compensation
other obligations and on such conditions
may deem best and mortgage the property of the Company
ARTICLE XVI.
stated ANIMAL meeting Of the stockholders shall be held ont
week before the election of Directors receive the
the last years operations and business and for the examination
Of the financial and other affairs of the Company shall be
LAID egfe e mse i by the PeisG5 and then
call Others when they think and s. be their duty
fifth Of the stock of the Company call meeting of tn
st9ekh9defs to TAX into any matters affecting tn
be held at the Office of the Company the city of New Or
ARTICLE XVII.
eSaass o9 n be ep d the Gs of the aS
transfer Of stock shall be binding the Company until mad
ARTICLE XVIII.
The Board of Directors shall be contract special
for work labor Materials lands and effects be furnished
the Company payable in whole, or in in the stock of til
COMPANY until the whole amount Of the capital stock of til
Company shall have been exhausted.
ARTICLE XIX.
As it will be enter into arrangements witt
the Government Of Mexico and that United State
Messrs. Emile LaSere and j. p Benjamin hereby made til
joint agents of the Company with full wit
amendments and changes in said grants may judi
cos for securing full and perfect the rights
interests of this Company
ARTICLE XX.
At the expiration Of the charter whenever the dSsoluo
comis shall be elected by the stockholders whose dn
1t shall be to take the Company
and conduct tse6isiess to final lqutHtion on such terms IN
IN such manner shall be determined by meeting OF stock
holders, regularly for that purpose and IT, at til
expiration of the present charter majority Of the stockholders
IN amount and number, shall desire the same for
inrther term, the stockholders dissenting from Hc renewt
small be bound transfer their stock those desiring the re
newn ut its fair value be affixed by appraisers mutual
chosen for that purpose.
New Orleans, July 50, 1851
Emile I4hSere ................,.,,...Fit Fifty shares.
tonh NJ Bell. filty suHftS.
j. w BurbHdge. OBSERVATION-DISCLOSURES, FIFTY shares
j. l.. warner MY sila'es'
lionel T. Levy ACKNOWLEDGEMENTS, fiity slhres.
W e Starke. Fitty shares.
duncan +. henner. llty slhres.
Alfred Penn per pro Emile I4aSere Fifty shares.
n John Sliiel- pro. Emile LaSere. Fifty shares
: T. \. HarEoGs,
, Per pro. j. P. Benjamin. One hundred share
, IL = BenItInln. SHARES
j - ueneEre' ...'.-,.......,.-. NY SHARES.
r q. Hehert.. -tlity Shares.
The undersigned Mortgages in and for the paris
and city Of New Orleans. cerifs thai the within fhrer
JOHN HOLMES Recorder.
: New Orleans August 1, 1857 aus law!