New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-03
a15s CHARTER frFf' .rai
o.. OR THZ- -
LOUISIANA TEHUANTEPEC COMPANY.

in their corporate CUT
their 10Th and ps s
their interest md convenience reaue sixth to make and
affairs Of the corporation may be necessary and
proper
sucng carriage road from the head Of the
ons 81 snd
enjoying Conducting the navigation Of said
We
upon conditions hereinafter provided
.,..., ARTICLE ILL.,
doa divided oa of one dollars each Which
shall b appropriated as follows, VIZ; IN, it,,
49,. paid fet IS hs1snafssr provided
he title TO said Garay and soo under the deed
esp1sssg the
Of the sloo grant under the decree Of the Mexican
Government. ,-g-' asF 70,
100000 shares. Fl No.
ARTICLE ".
Lists Of subscpiions shall be opened the times and places
and places the may determne subscription
much of said eight millions of cash stock remain
Charter. 's''' >''s 'Ne'0 ''
ARTICLE ".
be subscribed aforesaid oows cent at the
me Of 1sIp ana s y ss sisd
for by the Direction instruments exceeding
payments by less than sixty
days in at least two published in New Orleans
ARTICLE VI.
On the conveyance to this Company by said Trustees
said ss ss q 5 1 d 8 s sas s sad
trustees the two millions Of dollars Of a paid stock
for purposes of said and said stock shall be consd
d s
d @ ns m aas on esR Per
THAT portion Of ssd which he ssid
soasssd under The SIG shsi be The
whom said Trustees are by trust required TO
The Of their sole
stood that this Company the of debt what
either the soo aay grant except as provided
eighth article of this charter.
ARTICLE VII.
Nc dividend shall be declared before the railroad is
peed The Company shall not derive net revenue greater
o n II em @ e
the road the running and Of 10
tolls to keep the dividends down Is cent
This shall not impose any Limitation the amount Of
that the Company may declare from saes or
por,ation of freight and passengers.
ARTICLE VIII.
The six hundred thousand dollars advanced by F. p Falcon
Mexican the Soo grant shall paid
by the Company its bonds such be agreed
the Mexican Cove nent in the net profits provided in said
sloo grant.
ARTICLE TX.
The business of the Company shall be conducted office
I Of S n w a aa !, sn, be and s @ its
residents Of said city. Four Directors shall
dent body power elect new Direct
M
Of votes may be given person or by proxy and
ton and Al he made the
pany, in the hands of any of its officers.
ARTICLE x.
Emile John wss Bell AFsd rsnn
and Duncan kene sh. compose the first Board Of
until hs s MSnds in s The elections ha
%SG On aR sSay az aaS the chsg m
eligible Director unless he owns Is shares of stock
| 81 ARTICLE XII
failure elect Directors shall no, dissolve the corporation
until Board be Al notices Of
days advance, least two Of the newspapers OF New Or
stanens stock required Directors
and si
da a' no sn" vote whist
| ARTICLE XIII
At all meetings of the stockholders and at all elections ma
oy Of the stock at such meetings shall govern
qf he enumerated NE Am section # lie hs
I
% S" the s G order valid
holders and all elections majority of those and
| represented snail govern
| ARTICLE XIV.
The President and Directors shall have make all by
h M and n the
property real personal do thing
with
determine the line and location Of the roads
purchase all ntera machnes Vehicles teams ships vessel
or for the the Company and general
ng na s tolls H e M
taion of passengers, freight and mails.
| ARTICLE XIV.
The Directors shall have appoint all officers and
of the Company fix their compensation then
other Obligations terms such conditions
deem best and the of the Company
secure the payment thereof.
ARTICLE XVI.
stated annual meeting Of the stockholders shall be held
the last as ion and for the
Of the financial and other affairs Of the Company shall
laid before meeting BY the PIesden, and Dirseors then
sa others When THEY s a,y
stockholders take any affecting III
e be held the Of the Company in the city New
!. leans.
ARTICLE XVII.
stIsk books shall be kept The offices Of the copan
Of shall be bindng on the Company until mac
l. on its stock books
The Board Directors authorized to contract special
for labor lands and effects s be ua h
COMPANY until the whole amount Of the capital stock of II
u ARTICLE XIX.
As will be enter into arrangements wi
the Government of Mexico, and fiat Of the United State
Mesrs Emile LaSere and j. ?. Benjamin hereby made
JOINT agents of the Company, with full wi
either both of said for such modification
and changes in said grants most u
cious securing full protection for the rights
interests of this Company.
ARTICLE XIX.
At the expiration Of the charter or whenever dsoluti
OF the sa render its liquidation thu
shall be elected by the stockholders whose du
1t shall be to take possession of The property of the Compar
and conduct business final liquidation such terms
IN such manner shall be determined meeting of
holders, regularly convened for that purpose and
amount and number shall to renew the
further the stockholders dissenting from such
i, shall be bound transfer their to those desiring
newa at Its fair value to be affixed by appraisers
~ chosen for that purpose.
81 New Orleais July 30, 1851 .-.
. Emile LaSe[e Fifty shares,
John N. Bell Fifty shares.
j. " Burptlnge- Fifty shares.
Of j. L. warner. Fifty shares.
! lionel v l,eVy....''' Fifty shares.
w. f. Starke Fifty shares,
s'' Duncan F. kenner Fifty shares,
Alfred Penn, per pro. Emile LaSere Fifty shares
: John Slidel per pro- Emile 1aSere. Fifty shares
10. p. "A. Hargous
''' Per pro. J. P. Benjamin. One hundred shat
J. + Benjamin ...'...... Fifty shares.
ant q D. Denegre. Fifty shares.
ne w. heoet''.'''''' rhls shafes
The undersigned Recorder of Mortgages the DAT
SITS and city Of New Orleans cerfes that the within charter
this day in his Office in book society NOD folio &
the New Orleans, August l. 1851. aus la
", ALGIE wARE-HOUsEs.-AP
foi n COCHRAN HALL, Agents No. So Gravier street.