New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-11-27

corporation
...-5 ARTICLE II.
The said corporation Is established for the Of
river 70 pop. on The Bay Il esa I
@ Bay eso
s x. 81
according the and conditions Of said grants
and their subscribe and for
ock terms and conditions hereinafter provided
ARTICLE III.
dollars divided into shares hundred dollars each which
be
. sns s'e sfSs1ssa be
paid stock and delivered the trustees who hold
s ( cue ass Himself
q the sioo grant under The decree Of The Mexican
ARTICLE ~. ... IL.
Lists Of subscriptions shall be opened at the times and places
and places the Directors determine for subscription TO
deducng the subscriptions of those who sign this
charter
The be made the cash stock subscribed and to
aforesaid follows ten cent. at the
per ninety days The called
~ as Al II s. s
shall be made BY less than sixty
days. in at least two published in New Orleans
ARTICLE VI.
rights said Garay and soo grants accordance with
trustees the Aforesaid two millions dollars Of paid stock
s
Is
tt 8. Of ~ a n. nd ~ he ss s
The sss ara @ be s t. the
whom said frustsea ars the said trust required to
II @ Of ssos ss
tina. this the payment Of no debt what
1s
eighth article of this charter.
ARTICLE VII [
No dividend declared railroad
peted The Company shall derive net greater
fro s and o
the Of ana B
tolls to keep the dividends down Is cent
impose any limitation the of
tina. the declare saes Of
poration of freight and passengers.
ARTICLE VIII.
The hundred Thousand dollars BY Falcon
by the Company its bonds such terms be agreed
the profits provided ia said
Sloo grant.
ARTICLE TX.
The business Company conducted its office
the city Of New Orleans which shall be its
quorum The Directors shall President and Vice Prssi
dent of their body and shall have elect Direct
supply vacancies the intervals between the
each share shall be entitled Legal service Of cta
President left his address the office of the Com
ARTICLE x.
Lionel G. Lesy j. L. warner Burbdse g. HebeT
ar until the Monday in 1855 The ELECTIONS sha BE-
annual each Board shall be elected the third
bs
eligible Director unless he Is shares of steck
failure to elect Directors shall dissolve the corporation
but Board office shall continue the of its functions
meetings stockholders shall given by publication fifteen
days advance in at least two of the of New Or
leans.
ARTICLE XII.
In of failure tbe subscriber to the in
after ten days or notice in writing forfeit the
sock and sell for the benefit Of the Company may with
defau no ''0'An0'os' snA De 10 vote whist In
At all meetings of the stockholders and at all elections
o Of the s stock % meetings shall
ing diminishing the capital stock Of the for
Legislature of Louisiana entitled for the organization
Be 81 S
ing in their right agents for others at least three
binding action in The premises other meetings Of stock
holders and all elections majority of those and
ARTICLE XIV.
The President and Directors shall make all by
hold receive convey under corpo
ssy o a real or Pg
herenbefore described with many they may
make al for the
a ali b sm
useful for the purposes Company and general
As S's ss @
ta,on of passengers, freight and mails.
The Directors shall have appoint all officers and
other such and such conditions
as s Ss sd the Of the Company
ARTICLE XVI.
stated annual meeting the stockholders shall held
the last years. and and for the
q ths financial and affairs the Gsmpany sa Be
aa before the meeting by the President and then in
call others when they think shall be their duty
one fifth of the stock Of the Company, meeting
stockholders take into matters affecting the
be held the office Of Company, city New Or.
leans.
a s be p m h a s of 5 aDs
shall be binding on the Company until made
on Its stock books.
ARTICLE XVIII.
The Board of Directors shall be specially
for work labor, Materials lands furnished
Company until whole the capital stock Of the
Company shall have been exhausted.
ARTICLE XIX.
the Mexico and that of the United States
Mesrs Emile LaSere and j. r Benjamin hereby
joint agents the Company with full agree with
either both said Governments for such notifications
amendments changes said grants may judi
cous for securing full and perfect protection for the rights and
Interests of this Company.
ARTICLE XXX.
the expiration of the charter whenever the dissolution
OF the corporation shall render its liquidation necessary three
shall be elected by the stockholders whose duty
snail ne to take possession Of the property OF the Company
ana conduct itsbusiness final liquidation such terms and
IN snch manner shall be determined by meeting of stock
hoer regularly convened for that purpose and it, at the
N amount and number shall desire to the
rher term the stockholders dissenting such renewal
shall be bound transfer their desiring
chosen for that purpose. -
New Orleaus, July 80, 1857.
Fifty shares.
", Dtii, Fifty shares.
W, Dm piioBe. Il itty shares.
Fifty shares.
!,lonel " Levy Fifty shares.
W. Il. Sarke. shares
Duncan F. kenner. Fifty shares,
Alfred Penn, per pro. Emile I.aSere Fifty shares
John Sdell, per pro. Emile IaSere. Fifty shares
p. A. Hargous,
Per pro. J. p Benjamin. One hundred shares
j. r benjamin. FIFTY shares.
ID. Denesre. Fifty shares.
+. y. Heeert Fifty shares.
undersigned Mortgages the parish
and city of New Orleans cerGes that the within
recorded this day in his Office in book society No4 folio
JOHN HOLMES, Recorder.