New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-08-24
HARTER
OF THE
LOUISIANA TEHUANTEPEC COMPANY.

SEAL fourth hold receive purchase and convey nm.
sHc ad es
h interest and REQUIRE sixth to make and
ton OF the affairs OF the corporation be AIRY
ARTICLE II.
rns sa rods ,ss I the
s nfs Bay Vsnts on the the
spa Of @ also from said
sDn, SAID grants he Gara and s grants
according and eondons Of saa anG
we agree as , admit our under his
stock upon the terms and conditions hereinafter provided
ARTICLE III.
The capital stock of Company shall be ten millions of
dollars divided shares Of hundred each Which
5000 shares eight millions dollars shall he subscribed
pa ha be Issued as full
paid stock and delivered to the trustees who hold
By A. agous hssl f and dss Ss
q sloo grant under tue decree Of he Mssiesn
Government.
100000 shares.
ARTICLE ".
Lists of subscriptions shall opened at the times and places
required by grants and at such other times
and places as the Directors determine subscription
after dednens the subscriptions Of those who sign
ARTICLE v.
The be made the and to
be subscribed as aforesaid are follows; ten per the
per ninety days thereafter; remainder as called
shall be made by
days IN al least two newspapers published in New Orleans
ARTICLE VI.
On the conveyance to this Company by said Trustees of the
SAID a u TS s o a 81 sI Dsca @ S T saa
Trustees the @ two millions Of dollars Of fq paid stock
cred in nh respects as # De in cash and the execution Of
sad For the OF @ gb ss to
99nds the C " for one million Of dollars payable
is to be used for she The payment Of the debts and liabilities
satisfaction OF snch debts liabilities the
whom said trustees are by the terms of said trust required to
discretion may think proper to being distinctly under
contracted G any company person or persons under
either the said S99 or Garay grant, except Is provided in the
ARTICLE VII.
No dividend shall declared before the railroad is com
pleted The Company shall derive greater
tolls shall exceed the required uainttnanceo
the road the payment Of running expenses and dividend Of IS
tolls to keep the dividends down Is per
This article shall impose any Limitation
dividends that the Company declare from sales leases of
lis lands of revenue other than tolls for the
poFa,ion of freight and passengers,
ARTICLE VIII.
to Mexican Tor the sloo grant shall be paid
g n H upPy IN us S4nd on es tenn as d be agree9
The Mexcan Government in the profits provided iii said
sloo grant
ARTICLE TX.
g1 s New RI G %b s sSa &c s
domici by nine Directors, Of whom per
mauent residents of said city. Four Directors shall form
dent out of their body and shall have eSct DIRECT
elections elections for Directors aHra ali meetings
Of may be given in person or BY proxy and
ton and AL process nganst the C9mrey may he made the
pany, in the hands of any of it's officers.
ARTICLE X.
Emile Lasere John NJ. Bell, Alfred Penn W. E STRIKE,
and Danesn ksnne5 h: compose the st Of Direct
he
SG"S Of Ap Of sse 81 on Of its
eligible as Director unless he owns % shares of seek
ARTICLE XII.
failure to elect Directors shall dissolve the corporation
but the Board in office shall continue the Of Its
until Boa'd be elected All notices of election Of
days advance of The newspapers New Or
leans.
ARTICLE XII.
In of failure the part any pay the
sanens his stock required the Board of Directors may
ock and sell Tor the benefit of the Company may
out such previous notice advertisement compel payment by
default
ARTICLE XIII.
At all meetings of the stockholders and at all elections
jorty of the stock such shall
Ing diminishing capital the C9pnny or for any
Of the in The ; sse2 Of The act Of the
as & be CT bS
ing in their own right or agents for Others least three
GuGns Of The stock of the Company in order to take yd and
holders and at all elections majority Of those present and
ARTICLE XIV.
The President and Directors shall have make all by
h i've 1 n the 5
rate name PROPERTY real or to do thing neces
herenbeore described with many as they may deem
to make all necessary contracts e for the pnpo f 4 to
purchase all materials machines vehicles teams ships vessels
useful for The purposes the Company u s %
h a %"a s hS tolls o of S
| taton of passengers, freight and mails.
ARTICLE XIV.
The Directors shall have appoint all officers and
wants Of the Company fix their and them
other obligations and such
secure the payment thereof.
ARTICLE
week before the election Of Dectos to receive the report Of
n % be a ad MI ana nor the mi
the financial and other affairs Company shall be
oee Besides his meeting, the President aud directors may
sn ~sn sbs % s d
onet Of the stock of the COMPANY, call meeting Of The
Interest Of the Company Al meetings Of Stockholders shall
| leans.
ARTICLE XVII.
fS s shall Hs hsp ssn TIC T aDa
Transfer Of stock shall be binding the Company until made
| ARTICLE XVIII.
The Board of Directors shall he authorized specially
2r work labor materials lands and effects to be furnished
NH 1Y ne @h IN yn m da The so the the
Company shall have been exhausted.
ARTICLE XIX.
As will he necessary into arrangements with
the Government of Mexico, and that
Mesrs Emile LnSere j. p Benjamin hereby made
JOINT agents OF the Company with full power agree with
either both OF said Governments notifications,
amendments and changes in said judi
cious for securing full and perfect protection for rights
| interests of this Company.
ARTICLE Xxx.
At the expiration of the charter dissolution
oil tue corporation all render its liquidation necessary three
shall be elected by the stockholders whose duty
sha oe 10 take possession OF the property of the Company,
ana conduct buneSS to final liquidation such terms and
shall "A
holders regularly convened for that purpose and II, at the
expiration OF the charter majority of the stockholders,
IN amount and number shall the for
lnner term the stockholders dissenting from such renewal
SHAH ne bound transfer their stock those desiring the
hWa at It's fair value TO be affixed by appraisers mutually
chosen for that purpose.
| New treiLs July 80, 1851
Emile laSere, Fifty shares
JoIn NJ Bell Observation-Disclosures. FIFTY shares
D. w. Burbridge. .................. Fifty shares.
j. L. Warner Fifty shares
Lionel c. Levy..................... Fifty shares
W. +. Starke Observation-Disclosures. Fifty shares
duncan f. henner.. 49,. Fifty shares
! Alfred Penn, per pro- Emile LaSere. Fifty shares
John Slide, per pro. Emile LaSere. Fifty shares
| P, A. Hagous,
Per pro- j. P. Benjamin ,.... One hundred shares.
D. Z. ierlhnh. ..'...,...,...... Filly shares
|
l. u Heuert.--. FIFTY shares
The undersigned Recorder of Mortgages and for the parish
city Of New Orleans certifes the within charter
recorded this day in his office in book society No folio A.
| JOHN HOLMES, Recorder.
New Orleans August 4, 1857. aus law5t
|