New Orleans daily crescent., 1857-08-18

ne vi nhrhy grant Oh behAlt OF nis
was impossible to OBTAIN the mail contract for this
title the sloo grant was no, ic this Company,
ssr Ss .ynE
Being h his organization @ Com
ibis would deceive ths paSie and posi-
s5 an s ss Ets @
be Hs s hereby dis
Resolved That the members Board sevealy hereby
Resolved That Of these resolutions published in the
Resolved, That this Board adjourned sine die
certify the foregoing be true m s r. nss
CHARTER
or
LOUISIANA TEHUANTEPEC COMPANY.
We the undersigned having agreed to unite for the consuc
tion Of railroad and other communication
shst he No Mexican daay and
aV that G % oS
under Of Louisiana Of the
corporations for works public uty
do subscribe to and agree the follow g charter
towit
ARTICLE I.
The corporation shall the Louisiana Tehuantepcc
first have enjoy succession by their corporate name
be in corporate name third make and use cor
Porne seal fourth to hold receive purchase and convey
appont managers directors and Officers as
interest make
ton Of the affairs OF the corporation be and
proper.
ARTICLE II.
T @ ads Il f1Sed "s I for The Of
point to f By ES vsnosa I'll
apa 81 10 % @ m nS m 9m said
dons Of said grants as The taay and sloo grants and
river according to the and grants
we agree to admit as our under his such
stock upon the terms and conditions hereinafter provided
ARTICLE III.
The capital stock of said Company be ten millions of
dollars divided into shares of hundred dollars each which
$1,000 shares eight millions of dollars shall be subscribed
10000 e.a or Gy a o dpSr s be issued as full
paid stock and delivered to the trustees who hold
r. s "S ssS T1ass "a
OF the sloo grant under the decree of the Mexican
Government.
100000 shares.
ARTICLE ".
subscriptions opened at the times and places
required by ths of said grants and such other times
and places the Directors determine for subscription
much of said eight millions of cash stock may remain
after deducng the subscriptions of those who sign this
charter
The payments be the cash
be subscribed aforesaid follows: per
per- cent ne days ,hsreaer and the as Called
5 % ss @ st t." e per- eo
payments shall be made BY Of not e than sixty
ARTICLE VI.
On the this Company by said Trustees of the
said rights u said arsy and Sloo in accordance with
Trustees the aforead two millions of dollars OF full paid stock
G s ali ct s al ps na m a @ 5 Sf on s m es
said sonvyance ad Board of Directors shall further issue to
company % million of s 1v r
to s for Of b s s asa s is
contracted under the sioo shall be appropriated the
whom said trustees by the terms Of said trust required to
discretion think being distinctly
stood that this Company payment what.
either the said sloo Gatay grant the
ARTICLE VII.
No dividend shall be declared railroad
peted The Company shall derive greater
than cent from It's tolls and whenever the receipts from
the 9%a rs% hs n s1s % a1H a s"d d Of
tolls as to keep the dividends down Il
This atiele shall not impose limitation the Of
its lands of revenue other than tolls for the
| portaSon OF freight and passengers
ARTICLE VII.
The SIX hundred Thousand dollars edysnced By p Falcon
Rs aS fsm s W. S SEI n nfe % % % may R be
! Sloo grant.
| ARTICLE TX.
The The Company conducted
the city of New Orleans which shall forever be and remain its
mnnent residents o said city, -Four Directors shall form
quorum The Directors shall elect President and Vice pre
dent of their body and shall have elect Direct
ors to supply vacancies that ocent IL the eryas the
Of ockhoers votes may be given person or by Proxy and
share shall be EMIT led Legal service Of ca
President person or his
puny in the hands of any Of its officers
ARTICLE X
Lionel c. Levy, j. L. Warner j. W Burbrige r o. MebeTt
or opo until ihe s aonday in @ Ths con a Be-
annual and each subsequent Board shall be elected the
Monday Of April of each and the discharge OF its
duties on the first Monday of May following No shall be
eligible Director unless he % shares of stock
ARTICLE XI.
failure elect Directors shall dissolve the corporation
but The Board in Office shall continue The Of its functions
meetings of SHALL be given by publication fifteen
days in advance in at least two of the newspapers of New Or
leans
ARTICLE XII.
failure part any subscriber to pay the in
aments his stock required the Board of Directors may
after ten days advertisement notice in writing forfeit The
such previous notice advertisement compel payment by
and stockhodsr shall be permitted to vote whilst in
ARTICLE XIII.
At all meetings of the stockholders and all elections ma
@ p dmnbpr the cspa stock the &c cmn o. or re ar
Legislature OF louisiana entitled The organization
be % %Ra hS
tho the n o %sts @ a 'T Wild
binding action in the premises at all other meetings Of stock
represented shall govern.
ARTICLE XIV.
Directors
laws necessary for the and regular transaction of bu
to hold receive purchase and convey the
property real personal any thing
Tor the construction, repair of the road
hereinbeore described with many
TO determine the line and roads
to make all for the purposes aforesaid
purchase all Materials machines vehicles teams, ships
useful for the purposes Company general
every thing necessary and effect the objects Of th
cner including the fixing collecting tolls ranspor
ttton OF passengers, freight aud mails.
ARTICLE XIV.
The Directors shall have appoint all
Of the Company fix their compensation then
at pleasure borrow issue therefor bonds
other obligations such and such
deem best and mortgage the property Company
secure the payment thereof.
ARTICLE XVI.
stated annual meeting of the stockholders shall be held
week befOe the election Directors the eport
the last years operations and business and for examination
into the condition OF the affairs which
mellt OF the financial and other affairs the
laid before the meeting, by the President and
ONCE Besides this meeting, the President Directors
call others when they think proper and shall duty
any time on the written requisOn Of stockholders
nth o! the stock of the Company, meeting
stockholders to take nto consideration any affecting
interest OF the Company All meetings of tockhoders sha
he held at the office of the Company the city
leans.
ARTICLE XVII
St'ck books shall be kept in the Offices of the Company
transfer Of stock shall be binding the Company until
VI on its stock books.
u ARTICLE XVIII.
The Board of Directors shall be authorized special
for work, labor materials, lands
the Company payable in whole or in part in the stock of til