New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-14

ARTICLE ".


iV0''' '"'e' ,yrrc,rw
Lists of subscriptions shall be opened at the times and places
required by the terms OF said grants and such other times
p Of I I'm ,S r ~ . lIl !"
afte edu,nr the nbscrntions of hos ro now i ii
charter - ~ ~ " 3 ''
ARTICLE V.
The payments to be made on the cash stock subscribed and to
be subscribed Aforesaid follows per Cent. the
time of subscribing cent in sixty days ~ reafer,
Tor BY The direction, iIets sEcesdg ten per cent.
Shall Be made By m % not less Hs s sSS
dayS in at least two pn5ished in New Orleans
ARTICLE VI.
said ghs in ssd rsy and s"a rni in aecasse e' ts
said deed Of trust the Board Of Shall sue 10
for ,h Of ssd srust and s,d sSs5 4e b eons
said conveyance aid Board of Directors sal further .e to
said Trustees for the of sad the eight per
hat portion Of ssd bonds ~c Under the of said
to be sd for s the Of the debts md liabilities
Satisfaction Of such debt and abes a. to The parties to
S%nysy he same he sSs5sjss of 'vir sos
s'SSd That i he Sg Of no ~s
contracted by company persor under
stF ts sad S22 or ~ grant except as is provided in the
ARTICLE VII.
prej The COMPANY shall not derive net revenue greater
10 Pr cent IRON H. t1 d %fle'eT TIE rfesins from
per cent per nnnaH there sa b. .6Is diunio4 Of TIE
mum at most '''' 'S''' 's ''' PSI ''
us tele shal not impose any i'nao on the amount Of
it, @ Ha ANY ne S1 aay s " o Of sss
portaou oftregh and passengers.
ARTICLE VII.
The six hundred thousand dollars advanced by F. P Falcon
the Mexican The Sluo grant shall be paid
on md the colpnny win reimburse ts%f e he sTe
te Mexican Government in the net profits as provided ia said
ARTICLE k
The eusns:s Of The conp sa conducted at its office in
te Sly Nv nfsH w!cn shall qreyer be and remain It's
"o oy e piEecSo5i o. "12n a. t.st sven sa be per
mt TI nj VI saw pu ilig'tots sltli 1Tt,n
@ UNI Of e n[eGoF5 Gnrt g'ee res,dent and Vice pre
os to supply vacancies that in the intervals between
of S'ockhoerS may be given proxy
each share shall be entitled 10 Legal service of
I.n 5 a. process afa,t ne G9tPaly may he made on the
pany. in tue hands of any of its Officers.
ARTICLE X.
Emile Lasere John NJ Bell, Alfred Penn W. E. starke
and Duncan hener shall compose the first Board of Direct
until the first Monday in May ISIS The elections shall
annual and each subsequent Board shall be elected the third
Monday OF OF each year and enter OH the discharge of its
us on ne n[5t Hnnas 81 MAY 9u2wng NO one shall be
'"S'0'e Ms Diee'0' "neS ne owns . Sh"Fe' OF stock
ARTICLE XG.
iAigre to elec neci3s shall no, dissolve the corporaton
until Boa,d be elected of election and Of
meetings stockholders shall be given by publication fifteen
isins III d. u 'Ae newspapers o. Ne" of
ARTICLE NIL
of failure subscriber to nav tle in
his stock eqged the Board OF Directors lnay
sell benefit Of the Company or may wit
out such previous notice advertisement compel by
default ~ ~ wac "'''''' u"
,-,,...-. AtlioAh MIL
an meetings. OF ane and at AL elections ma
except that Sneh neetinss called for the purpose of nere
purposes il he 9Th sSco" # he act tor Of h hs
Of for WORK. Of nbc un s nS
onrs of the stock Of Company in order 10 take valid and