New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-03-14

Know ALL. MEN, BY THESE PRESENTS, That We,
the undersigned Subscribers do form and constitute
Louisiana approved tht 18th March 1854 being Act No 3i Of
Steamboat for the OF Freight and Passenger,
Ink M f y, Ing B3me M,1n o9n4 Mobile
AT's 81 S yS SS Ct s ito H be M
known be domc shall be in New or.
leans and snail continue for twenty five years
Of building and equppng purchasing
Lake Bogns Mississippi Sound Mobile Bay ihe af Of Men
| CO. an! 'h Is. tributary waters therG9t
Art3 The stock Of the said Company shall amount to the
of Ninety Thousand Dollars divided into Eighteen Hun
cred equal Shares Of Fifty Dollars each Fifteen Dollars shall
OF FgGtori Of the GGmpmy Ten Dollars in oae month here
At the time of making the frs, payment, the subscribers shall
pso f Sl's' Tor the other payments" payable Il" the
the Company shall ors@1e and elect Director; and the bal
anee Of the stock may By at any lime Subscribed BY the
A Three Directors shall be elected annually on the frs,
Monday Of December ench year by ballot The stock
holders having the greatest number Of shall be
Of er number Who sha serve ySaT Tie rst
election shall this Charter legally perfected and
the Directors and President then elected shall the
| regular election ensuing
as aforesaid the President and Directors in office shall hold
oyer until new election is held which be any time
depoted in the PoOce in New Orleans addressed to tie
9f the These notices
In case OF the death Of Director the vacancy filed
| my general meeting Of the Stockholders.
Art That, the expiration Of the twenty five years
twohrs of Stockholders majority and amount shni
gue the same sliaIl he lqndaed and majority Of the
Stockholders shall elect general iqifntOr who shall
possession of all the property etects Company sell
payment the expenses liquidation and The debts Of The
to aT b the n pro rata the
pose the said general qudator is hereby charged with
Art The sad corporation shall have a Of office which
snail be axed to &l contracts except for the expenses Of
xlt,llL
tayed with the nane of the Company the figure
Art That the Stockholders general meeting shall pass
such bylaws as they may deem necessary for the proper prose
cHI2n Of the interests and management Of the Company, which
shall not be altered except at general meeting of the Company
Art s. The President and Directors Shall be- and they are
hereby authorized 70 contract for the construction
boat with iron hull low pressure engine boilers to ma
all necessary conact8 to tlut end and equipment fur
finished to the builders for such money as nty he I e sS
or to convey he 3oHi 50 finished and equipped to
entirely paid and oautoae said trustees ieut
credit the said oat for cash on condition that the sa
boat shall during the time Of continuance credit on The
intended Cd And That the sa ni.sc
boat to sad Trustees Who s@i have the Ts g To- St M
nominee, but not to appoint either the captain CLERK
Of One me =, sns said aa tF9iess sa
After paying the of the boat all her earrings unit
the credit portion Of her price Is paid shall be applied
ther credit the said Directors shall be authorized renew or re
dcoedness to he builders Of the bo Or to Others vo m uS N
vance the necessary funds pay debt the builders nd
due the builders whom the credit Dor
ton of the price of said boat be due the
which oeS or bonds shall be signed by the President ne
The board of Directors shall appoint agent for said
who shall act as Secretary OF the Company keep all the &C
counts, minute Of all proceedings make up in ANNA
statement of the receipts and Disbursements, which shall b
submitted to The meeting Of Stockholders the first Monday
any sufficient Surplus hand, dividend Of the profits sial
bcdcclarcd, which shall be paid TO the Stockholders
the etrc management Of The boat ana attend all dioburse
mcus the payment Of nll debts the employment nj the captain
officers and and do all proper things the autcesu
prosecution of the business of the Company.
.. That any they tt necessary any five
called Tor any purpose they may deem by cNusin!
given STOCKHOLDERS by letters addressed 10 them vt the
respective places Of residence stating the for which
have called the same; These notices be signed by TIL
stockholders calling the and such general meeting
the Stockholders investigate all the affairs OF the Company
number sock Of the Company the Prssi
gent OF Directors or ehGr 81 them and elect others in thei
Art u WheHay nstame' for Stock subscribed pat
pHnctally when due, the Directors the subscriber
inc amount or amounts ue Or u Aeir option alter giving hin
two weeks notice OF the served personally him or hi
forfeited well rs the amount he may avG paid his Stock
And H. after mi! and execution the "molt due be
turmoil execution, no moper found by the Sheriff the Ri
II. The Agent and Secretary keep at the Office
the Company Stock Book and shall issue after the stock
held by each Sockoler and e par value Of he sane T6
Stock of The Company shan be transferable surrender
every ausrerree Stock STALL liable 10 the same renoi
biliyas the % igiuHl stakeholder, and none other
We the subscribers hereto are the Stockholders and Mem
hers of the said corporon for the Of Shares AMI fo
'he "'"oan'S opposite oar respective names.
THE UNDERSIGNED, Recorder Of Mortgages in AMI for t
rr6ish "a Eit$ d New Orleans cgrtfes that foregoing
49l, 1872 495 494 and 1875 in his office - ''''' '''
Nex Orleans Dec, %, 1855. '-''' "li''A' recorder
Seal. r,o