New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01
CHI A IL II e II
LOUISIANA TEHUANTEPEC COMPANY.

porae seal fourth to hold receive purchase and convey IN
to name and appoint such manasers directors and Officers as
their interest aud convenience rQure SIXTH to make and
ton of the affairs of the corporation may be and
proper.
The said established for the Of con-
sG non the mead v snos
Pacific Ocean, and of constructing also railroad from said
ditons of said known The ay and sloo grants
and @ e az
TO admit associates under this charter such
upon and conditions hereinafter provided
ARTICLE III.
The capital stock Of said Company shall be ten millions of
dollars divided into shares of hundred dollars each which
shall Be ssps as 6oHws dollar. m
- a., and paid for as hereinafter provided
paid stock and delivered 70 the trustees who hold
the title TO said Garay aud Soo grants under the deed
the lights
Of the sloo grant under the decree of the Mexican
Government.
100000 shares
Lists of subscriptions shall be opened at the times and places
sy said grants and a" 5o n
much of said eight millions of cash stock remain
charter.
ARTICLE v.
The payments to be made the cash stock subscribed and
be subscribed aforesaid follows per the
time of subscribing; in sixty h reaer
for by the Direction in instments exceeding per
each at intervals of less than sixty days Calls for stock
shall be made by not less than sixty
days. in ut least two newspapers published in New Orleans
ARTICLE VI.
On the conveyance this Company said Trustees
said deed Of trust the Board Of Directors shall issue said
for The purposes Of trust and consid
sfd in all IS It PAD cash. and on the execution
said Trustees a the psrposes of said the eight per
a bo G pvos said
to be used for the Of the debts and liabilities
1os such az hs parties the
@T e S e ey @ terms a sn 5
discretion may think proper to pay being distinctly under
contracted by company persons
either the said 9c Gsry grant is provided in the
ARTICLE VII.
peted The Company shall derive greater
tolls shall the required maintenance Of
the road the rnGpGf S and dividend Of
tolls 50 as TO keep the dividends down TO Is cent
This Article shall impose any Limitation the of
that the may declare from sales or leases of
poration of freight and passengers.
ARTICLE VIII.
The six hundred thousand dollars dvanced Falcon
net 10 the Mexican Cove for he oo grant shall he Maid
by the Company in its bonds such terms be agreed
the Mexican Government in the net profits as provided ia said
Sioo grant.
ARTICLE TX.
The business of the Company shall be conducted
the city of New Orleans which shall forever be
residents of said city. Four Directors shall
quorum The Directors shall elect President and Vice Pres
ors to supply that in the between the
each share shall be entitled Legal service
ton and all against the Company be
hs address the office OF the Com
pany, in the hands of any of its officers.
ARTICLE x.
Emile Lasere, John NJ Bell, Alfred Penn, W E. sarke,
Lionel & G. Levy J L. Warner J. Bnrbrdgs r 9 HeOert
until the frs Monday in May 1853 The elections shall
Monday Of April Of each year and enter on discharge its
duties the first Monday of May following No shall be
eligible as Director unless he owns 25 shares of stock
ARTICLE XI.
failure to elect Directors shall dissolve the corporation
until new Boat can be elected Ali notices Of election and Of
meetings Of Stockholders sbai be given by publication fifteen
sans IN d" least Oh Tue newspapers new Or
ARTICLE XII.
his Stock e Bos prscos p
after ten days or notice in writing forfeit the
such previous notice advertisement by
suit and stakeholder shall be permitted vote whilst in
ARTICLE XIII.
all meetings stockholders and all elections ma
except that such meetings called for the purpose Of
diminishing the capital stock Of the Company for
Legislature of Louisiana entitled for the organization
March lt 1855 shall be composed persons
g n n % or e. Agents for ohef At least hree
bnsrs nd he at AL 9h e meetings Ro Of O
ARTICLE XIV.
The President and Directors power all by
hold receive purchase and convey under the
Fe op ANY property real or to any qg
eeibefort described with tracks they may deem
make all contracts for the purposes aforesaid
purchase al materials machines vehicles teams ships vessels
useful for the purposes Of the Company and general
sy s sss hs tolls e S po
| t1tion OF passengers, freight and mails
| ARTICLE XIV.
The Directors shall have appoint all officers and
wants Of the Company fix their compensation and them
or other obligations at such and such conditions
may deem best and mortgage the property of the Company
ARTICLE XVI.
stated annual meeting the stockholders held
the last years operations and business and for
o hs the s 1 oer h s amgasr
LAID before the meeting by the President and Directors then ii
call Others when they think proper shall be their duty
my s the written reqnson Of stoch9ders representing
stockholders take into consideration affecting the
interest OF the Company All meetings of stockholders shal
leans.
Stick hooks shall be kept offices of the Company
Certificates of stock shall be the shareholders and
on its stock books.
ARTICLE XVIII.
Board OF Directors shall contract
for k labor, materials aud effects TO be furnished
The Company payable in whole in part in the stock of th
Company, until the whole of the capital stock of thu
Company shall have been exhausted
| ARTICLE XIX.
As it will iato witt
Messrs Emile Iasere j. P Benjamin hereby made tn
either q Soh Of said for
appointments said grants may Judi
cious for securing full and perfect protection for the rights
| interests of this Company.
ARTICLE Xxx.
the expiration of the charter whenever the dissolution
of the corporation all render its liquidation necessary tire
shall be elected by the ockhoders whose du
shall be take possession OF the property of the
tStbusess ua iquidaton such
in such shall be determined by meeting of stock
holders regularly convened for that purpose it, til
expiration present charter msoriy Of the stockholders
III amount and number shall desire the for
further term, the stockholders dissenting from sRch
shall be bouni 10 transfer their stock desiring the
newa ct IT'S air value to be affixed by appraisers mutual
! chosen for that purpose.
| New Urlea, s. July 80, 1857.
fn1le LaSere .,,..,..,............Fi Fifty shares
l.. Jonh NJ Bel ,,,,..,,.........-.F, ny shares
| j. W. bufbluse.. tiiiy snafes.
80 war; ,.,.,..........',...Fi NY shares
inoHsI VI Levy. r lily states.
/ " T. staTke Eitty shares
| Duncan L. kslner. ........... ...-.-E FIFTY shares
| Alfred Penn per pro- Emile Lasere. Fifty shares
| John Sldell, per pro Emile lasere Fifty shares.
| Psrpto. j. P. Benjamin. One hundred shares
,. r HenJaInin' Ivy SHARES
F. .. Hebert.. Fifty shares
The undersigned Recorder of Mortgages in the pars
and city Of New Orleans cerdes tat the within charter
recorded this day in his Office IL beck sqey Nc olo 49,
4 New Ore rs, AUGUST 4 lS5l , su5 laws
ALGEE WAREHOUSES APPLY Tt
IA COCHRAN HALL, Agents, No s. tiEaver street, VIII
AFr,- tlFradl lrpuI and p,E y5NFn