New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-12-04
CHARTER .aAgs
5gg$ n or The t,,t Il ; = sf'} ~
LOUISIANA TEHUANTEPEC COMPANY

period twenty years; second contract and
porse seal o%rh to hold rscsIvs parease and convey
sf
s sss Apa @ snd
ton Of the Of the corporation as may " and
proper. : aif.| "a s ~
The said Is established for the Of
srueng carriage road from ne head of the
cosi1seosees Bay according Il.
enjoying snd Conducting he sad
we as our under this charter such
sons and sr assigns Z. sh aeiests, ssd
FTg t& ARTICLE III. ~ r. So So q :.
The capital sGek of said shs s millions
ssss sppisptasd y fesxs: vi - ~ -.
10000 shse. millions dollars be Issued full
e as sas nSs
e y: oa ss
Of the sloo grant under the decree Of the Mexican
Government q - A,4 s..lf,l 81 II ]. E m + z n
100000 shares. .55 a,rs - i4sf iei@
ARTICLE ".
Lists Of subscriptions shall be opened the es and places
required BY the terms Of said and such other
Of said eight Of cash stock as may remain
after deducng the subscriptions of those who sign this
ARTICLE v. g= :, -
The y made The stock suberbsd
per cent in ninety days and the remainder called
each nor It intervals s Of sixty days Calls for stock
days in at least two newspapers published in New Orleans
,.5..f ~ ,et ARTICLE VI. M tg'
On the conveyance to this Company said Trustees of
s aG Il s & s "a. sss e w
Trustees the Aforesaid two millions dollars paid
I M aid Il d 4 ad as
said purposes said trust the eight per cent
bonds Of she Company for million Il dollars
az ,hs 5
Be s parties the
whom said Trustees BY the terms Of said trust required
discretion think proper e being distinctly under
s0d that this M the Of debt
ehe, the said s9e Garay grant, except is the
ARTICLE VII.
No dividend shall be declared before the railroad is com
pleed The Company shall not derive greater
tolls shall exceed the amount required for the maintenance
the road the payment Of runnng and dividend
tolls SO as to keep the dividends down to Is
This article shall not impose any Limitation amount
d. that the may declare sses leases
portaton of freight and passengers.
.g ARTICLE VIII. -
net the Mexican for the sioo grant shall bs pU
by the Company in its bonds such be agreed
the Mexican Government in the net profits provided Ia salt
the city Of New Orleans which shall forever be and remain it
e sna Nss
ors to sappy les that the between thu
each share shall be entitled Legal service es
President or eftto his address the office Of
pany, in the hands of any Of Its officers.
ARTICLE x.
Eui ohn NJ Rail fired Pan n
Lionel C. Levy, L. Warner, j. ". Burbridgs r Heber
ors until the rst Monday in May 1855 The Elections sha
each subsequent shall be elected on the hirs
as ns
eligible as Director unless he owns % shares of stock.
failure to elect Directors shall dissolve the corporation
but the Board in office shall It's junction
meetings of stockholders shall given by publication fteel
days in advance in at least two of the newspapers New
ARTICLE XII. a
Of failure the part Of subscriber the
sT n d s r ha snns or Of notice writing
suit and no stakeholder shall be permitted vote whilst ii
ARTICLE XIII.
At all meetings of the stockholders and at all elections ma
oy Of the stock at such meetings shall govern
ing diminishing the capital stock Of the Company any
Legislature acs for The ofgsa ot
of aPs Of s h m and
es h o the o for
holders and AZ all elections majority those Present ana
ARTICLE XIV.
The President and Directors shall have make all
and
as @ M real to thing
described with tracks they may
to make all necessary contracts for the aforesaid
purchase al materials machines vehicles teams ships yesse
useful for the purposes Of the Company general to
thy s Of h e Of @
taton of passengers freight and mails et1T
The Directors shall have power appoint officers and ser
wants of the Company FIX their compensation then
at pleasure borrow money therefor bonds notes
or other obligations such terms and conditions
deem best and the property of the Company
ARTICLE XVI.
stated annual meeting Of the stockholders shall be held
the last years operations and business for
into the condition Of the affairs s WHICH meeting full
n ad before the meen by the President and then in
a s ass
stockholders TO take into consideration any affecting
leans
ARTICLE XVII.
Certificates shall issued to the Shareholders and nc
transfer of stock shall be binding the Company until made
on its stock books.
ARTICLE XVIII. sir.
The Board of Directors shall specially
FOR work. labor materials lands and effects be furnished
the Company payable whole in part in the stock of the
company until the whole amount of the capital stock of the
Company shall have been exhausted.
ARTICLE XIX.
the ne a 70 enter sr s % AR with
Messrs Emile LaSere j. p Benjamin hereby made
JOINT agents of the Company, with full power with
eer OR both of said Governments for such notifications
@ ana changes in said grants seem most Judi
o ul and perfect protection for the rights and
interests of this Company.
ARTICLE Xxx. r
Az the expiration Of the charter dissolution
OF the corporation shall render liquidation necessary
commissioners snail be elected by the
Snail be to take possession the
and conduct sbus4ess to final liquidation such
in such manner shall be by meeting of stock
holders regularly convened for purpose and at the
expiration of the present charter majority of the
IN amount and nnTnbe shall desire the same for
shall be bound transfer their stock to those desiring The re-
newa at its fair value to be affixed by appraisers mutually
chosen for that purpose
New Orleans July 80, 1857.
l. Emlle iaSere. Fifty shares.
1'. John NJ. Bell Fifty shares,
J. W. Burbridge. ..-.............. Fifty shares
j. L. warner Fifty shares.
Lionel @ ACKNOWLEDGEMENTS. Fifty shares.
W. e. Starke. ...,........,.......,..Fift Fifty shares
Duncan +. kenner. Fifty shares.
Alfred Penn, per pro. Emile LaSere Fifty shares
John Slide, per pro- Emile LaSere. Fifty shares
4 ?. A: Hargous, '-
Per pro- J. P. Benjamin. One hundred shares
j. +. benjamin FIFTY shares.
j. D. Denegre.. -.,.,...-...,.......F Fifty shares
1. ". iepeft.' FIFTY shares.
and city Of New Orleans cefes that The within charter was
recorded this day in his Office,