New Orleans daily crescent., 1857-11-16
10000 shares. s.....,,..,z...s.
ARTICLE ".

ARTICLE ".
Lists subscriptions shall opened At the times places
and psces ne pecors NAV d,su =" M ~
much Of said eight millions Of cash stock may remain
charter. p>s''s 'A''' "A' Nv" ''sn ''t'
ARTICLE v. S
Tie to be made subscribed to
be subscribed aoresad follows per
time Of sabscrbing cent in sixty days reasr
seto not esessdns ten
ss b y & 0r
days. In al least two newspapers published in New Orleans
-.-5lef zsF ARTICLE vi.
as aa y iad Ct w a
said deed Of trust the Board Of Directors shall said
e
the sse %
said Trustees the Of said the eight
Thai portion Of ssd bonds which the
Is be s for s % the s H y
satisfaction of such debts and liabilities parties to
e
a e
the 5 der
eighth article of this charter.
ARTICLE VII. ~.
No dividend shall be declared before the railroad is
than is per cent from its tolls and whenever the from
tolls shall the required for the
per be ratable dimanon Of the
tolls 50 as to keep the dividends down to Is cent
article shall impose any limitation on the amount of
lands other than tolls for the trans.
portation offreight and passengers.
ARTICLE VIII.
The six hundred thousand dollars p Falcon
Mexican grant shall be paid
the Mexican in the net pof provided ia said
ARTICLE TX.
~ The business o s shall conducted office
domc by nine Directors o whom least shall
side ss -Four s
dent of their body and shall have power
ali elections for Directors and at
ssc sare sss % ess be se gbs tn G
pa m ss s
pany, in the hands of any Of its officers.
ARTICLE x.
Emile Lasere, John NJ. Bell Alfred Penn, W. E. starke.
and Duncan Kenner shall the first Board Of Direct
os until G the first Monday s The hs b
Nssa,y sSs
eligible Director unless he Is shares Of stock.
ARTICLE xI.
failure to elect Directors shall dissolve the corporation
until new Board be elected All notices of election and Of
leans. m Eag %
ARTICLE XII. r
on his as Se
the benefit Of the Company Of may with
out such notice or compel by
no shall be vote whilst in
...lo.. ARTICLE XIII. .
meetings the stockholders and all elections ma
oity Of the stock represented meetings shall govern
except that such meengs called for the of ncreas
he
Legislature Of entitled An act for the organization
approved March 4h 1855 shall be Of PERSONS
es a Sies s "nd
sUs % At al at S Ssf Of
represented shnl govern
The President and Directors shall have power make all
S ] for the sad ss Of 6n
property personal any thing
sary for the construction repair or Of the roads
necessary determine the ns and .ton Of the roads and
purchase all materials machines Vehicles ships vessels
@ @ S @ %
% s d effect i hs tolls @ of s
tation of passengers freight and mails.
-e.g ARTICLE XIV. Il
the ompany M and
money and therefor bonds notes
deem zen best and the property of the Company to
ARTICLE XVI.
stated annual meeting Of the stockholders shall be held
week before the election of Directors receive the report of
condition the Affairs Witch meeting fal
laid before the meeting BY the PresdeDt and Drecto then in
Office Besides this meeng President may
call others when they think and shall be their duty
time the requsion stockholders representing
oneith of the stock of the Company call meeting OF the
of the Company All meetings
be held at the office Of the Company In the city Of New Or
leans. .-t.
ARTICLE XVII.
st ok books shall be kept the offices of the Company.
Certificates of stock shall be issued the Shareholders
transfer of stock shall be binding the Company until made
its stock books.
ARTICLE XVIII
The Board of Directors shall be authorized contract specially
Company payable whole part in the stock Of the
Company, until the whole Of the capital of
Company shall have been exhausted.
ARTICLE XIX.
As will be into arrangements
the Government OF Mexico and that of the United States
Messrs Emile LaSere and j. p Benjamin hereby made
joint agents of the Company with full with
either both OF said Governments for such notifications
amendments and changes in said grants
ous for securing full and perfect protection for the rights
interests of This Company.
ARTICLE Xxx.
AT the expiration of the charter
of the corporation shall render liquidation necessary
shall be elected by the holders
shall be take possession the property of the Company
and conduct sbusness final liquidation, such
IN sch manner shall be determined by meeting stock
hoders regularly convened for that purpose and the
expiration OF the charter majority Of the stockholders
in amount and number shall desire the for
further term the stockholders dissenting from such renewal
shall be bound transfer their stock those desiring the
newa at its fair value, to be affixed by appraisers mutually
chosen for that purpose. .#s.'. .5. T-. DO.
New Oreaus, Jnly 80, 1857. ..E -.N .