New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-07
CHAR TER
or THE
LOUISIANA TEHUANTEPEC COMPANY.


be sued corporate third make and
bold Pptehs s1s and
and appoint such directors and officers as
"by the and resa
ton of the affairs Of the corporation may be necessary and
proper.
The said corporation is established 70, the of
river some point the Bay Of vente in the
dions of said grants known the aray and oo and
according the and conditions Of saiu
agree admit ." our s This n ue PER-
stock the and conditions hereinafter provided
The capital stock of said COMPANY shall be ten millions of
dollars divided shares of hundred dollars each which
S0O shass eight millions dollars shall subscribed
% paid e, As dns e a.. he issued D
paid stock and delivered TO the trustees who now hold
Of BY A. Himself as
representing the rights of F. r eonRet nog holder
Government.
100000 shares.
ARTICLE ".
of subscriptions Shall opened the and places
and places the Directors determine for subscription to
much of said eight millions Of cash stock remain
after deduetng the subscriptions of these who sign this
charter.
ARTICLE V.
The payments to the cash stock subscribed
be subscribed aforesaid, follows the
per cent ninety days thereafter
for by the Direction in in!ments not exceeding cent
payments shall be made by advertisements than sixty
days i'll At least two published in New Orleans
ARTICLE VI.
On the conveyance Company Trustees
said a d in sa a1 and s. So STREAMS & @ s
Trustees millions full paid
for the OF said trust and said stock s" be consid
d P Of Directors f a
Company million dollars, payable
That portion Of aa bonds Which, under the sid
n1def the soo shsil be Appropriated
whom said are BY the trust required
convey the the exercise of their and
stood, that This Company the payment debt what
either the said soo or Garay grant except as provided i'll the
eighth article of this charter.
ARTICLE VII
No dividend shall be railroad
pIeted Company shall derive greater
than Is cent from its tolls and whenever the receipts from
tolls shalt exceed the amount required for the maintenance Of
the road the Of runng G ana AZ WIDEN OF 10
tolls SO as to keep the dividends down 10 Is per cent per
dividends that the Company may declare from Saes or Leases of
portation OF freight and passengers
ARTICLE VIII.
The six hundred thousand dollars by F. p Falcon
on and ths npnnV viii Reimburse srf out Of he share Of
the Mexican Cove nent in the net prots rs provided ia said
Sloo grant.
ARTICLE TX.
the city Of New Orleans which shall forever be and remain its
rGsden Of said city, "F Four AT Directors S fo Or per
The Directors shall elect President and Vice resi
supply vacancies that in the in ervals the
annual At all for Directors and at all
each share snail be entitled Legal
President person or his address at the office Of the Conn
pany, in the hands of any of its Officers.
ARTICLE X.
Emile LaSere John NJ. Bell Alfred Penn, W. E starke
Lionel C. Levy j. l. Warner, j. W Burbridge, ?. o. Heber
nd u9 @ m nDd IN @ the B9id of @
annual subsequen, Board shall
Ap Mo%da as os Be-
eligible Director unless he owns Is shares of stock
ARTICLE NJ.
failure elect Directors dissolve corporation
but Board in office shall continue the of its functions
meetings of stockholders stall be given by publication
days advance in at least TWO of the newspapers Of New Or
| leans.
ARTICLE XII
In of failure the OF subscriber the in
after days ADVERTISEMENT notice in writing forfeit II,
ok and sell for the benefit of the Company may with
and stakeholder shall be permitted vote whilst ii
At all meetings of the stockholders and all elections
e e ] for @ ss
ing diminishing the capital stock Of the Company for
Legislature of Louisiana entitled An for the organization
ing in their right agents for Others at least three
iourhs Vi me sock vi tle Nolpa! ue 10 'he 'l'u oe
niis WI VI ~ We ~ M ~ e. ,, souA
my az al h"Jot4's Vi 'no'e tieseut nit
ARTICLE XIV.
ne f ~ n S r L we 20 in, 80 gu Ds
iess " loiu eeeint, @ @ ~ ; gu, pc
Ihac hte, my e" VI W ua tlis 'eee
ItS VIC ei" "a vi .iio ioau
. 4 ~ ; ~ 10 10 'n ~ ~; rs - '.S my uee
nv 49, al, nenasar,, comtrctS for a nnrnnn.s ornd :,
10 hhe az heGes.S to'e ui nI p'poses d
steamboats, equipments by them necessar
Or use!n Tor me purposes Of e COMPANY ana IN general 10 d
ms en- f'ue ~ eien' ny o'to.'a VI hl
the nN'hS " Vi 'olis ot u"spof
ARTICLE XIV.
The Directors shall have appoint all officers and
the Company fix their compensation and Then
at pleasure may borrow and therefor boHs note
may deem best and mortgage the property the Company
secure the payment thereof.
ARTICLE XVI.
..,.o, o,,,,, ,,,..;, 80 ., L., :, l., i, -, -
,ar h,n ~" .a ~ NE t Sna ue leI" w
IL 100, ny t;. ~" nst'o" ~ .it ltpot
~, ~, ,',; 81 ~ ~ r n %, i ~ e > =,
t T ~, tomc;1 , a. W.; M @ LUZ si ~
r,nat;rI. ~
nHre Resides his NEE inc The PreSIn anJ n;racor" r
nfh.r ult
an, m, az, Of
nS XXI Of ie s ~ ~ VI stoc Nh9uefs
r ~ tnL inio 400 ~ Cr , t VI
inIrrst Of ,,n Inmnanv II maatin%s' of "to i I "a
m lisa al t fc "f , Cn meigS o. $40 Ka" S s'n
Ieans ~ ~ f1' 80 >'N wy u -''' '"
,pr,crp x,-,I
Cerhcatt OF STOCK snail ne issued to the shareholders and
transfer OF STOCK SHAH be binding on the Company until muC
gu lis STOCK DOCKS = -, -