New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-02-02
OF THM MIssIssIppI

KNOW ALI. MEN, BY THESE PRESENTS, That we,
TIE undersigned Subscribers do form and
5S me 5 III 2t rs 5sn S n Of
the laws Of Tint year the purpose Of building equppug
Ienboa for hs tr9fporeon Of Tfssh apd PssnSs[f e.
Bay, the Cult Of Mexico, and the tributary thereof
sSTpSI y SS w s oS HE e
known and sue md be sued It, d9icil shall be in New Or
The said Company shall be and established for the purpose
and I' ears fe and on nke
Lake Borgne, Mississippi sor9d Mobile Day, the Gull Of Next
> The said Jonlpany shall have President on whom
8 Ths stock Of the said COMPANY shall amount the
4 of N9 r h9Psf F pG bo s Ft Ef5Ss h1
be paid tbs meeting OF the Stockholders for Ihe first election
Of d noa are o months Sa F 2Rs o paa sr
1S the mn e n a6 sf b GT n ea I ss e. @
execute their totes for the other payments payable at the
After the amount # Fifty Thousand Dollars is subscribed
ance Of the stock may be at any time subscribed y the s con-
Directors before debts the Compuy for the
Tsc Ss aa shs be annually on the first
holders having The greatest number Of votes shall be the 81
rectors ensuing and they shall Immediately elect
election shall soon as Charter legally perfected
the Directors and President then eIeec shall until the
iacase failure . hold said election the day designated
over until new election hell which can De at any tina,
9 pi he Ss ' 6soas to 9' as
Stockholders at their respective residences These notices
In q the sst q pireeo1 the be flied at
| stockholders.
Art That, the expiration Of the twenty-five years
which the c2rporGion i created or ct any time before when
que, NE shall be liqadaed and maj Srity Of the
Stockholders shall elect general niIator who shall take
possession Of all tive property and effects of he Company sell
dispose of .e property n collect The money and after the
jonpany, divide The fnad he Stockholders
pose the said general Qudatof is hereby charged with the
Art The said corporation shall hive a seal Of office which
shall be affixed to Al except for the expenses Of stores
maeritls and repairs O Their boats the said seal shall be
a
Art That the Stockholders in general meeting shall pas
such b. laws they deem necessary for the proper prose
aIi not o he oxr%nt AZ r5arni r,ct;y g o
and l,y majority Of NIL The Stockholders.
hereby, aoz= contract for the construction Of
ali Necessity contracts to Hat en and for her eqpe far
grs @i epFnrs "nd to morgan the SAID boat ter she h
convey the boat finished and equipped to
entirely raid aaorize said trustees e
the payment Of the price 81 eonstruston at maturity of The
boat shall during the time Of coat uauee Of tie credit
M i Intended and is 30 cousr,c ed And that the sad DirSc
tor ha hgTe the right % nominate the captain and cerk Of so
boat 10 said Trustees who shall have the right to reject
nominee but not to appoint either the captain or clerk them
least of said trustees shall be selected by s Director
Of tie Company and shall be resident of New Orleans
p"yeT, Of SAID de AID SHOULD It be necesS 70 yet a! fur
I9r csdt he sn DrGeo;s shall be shofze 20 rsnsT or re
create said trust for the .iid purpose of continuing the in
ce he @ funds pay s eb, to tie Sad i2 t And
Directors sla hOIdS tn
amount due the builders others whom The por
ton Of the price of said boat may be due the to b
which notes bonds sa g signed by The President unde
resolutions Of the Board of Directors.
The Board of Directors shall appoint for said
who shall act Secretary of The Company keep al! the &C
counts minute of all proceedings and make up an a'nun
S the rssfps II and en- Tf4 sh4
Decenbf OF each year And 9acc year at ie' whSt tier
be declared, which shall be paid the soekholdlrs.
The President shall under the con'r? OF the Directors lRv
the entire nj Of the beat and attend to all dhuse
officers and crew aud do all proper ss !ot the successful
the Stockholders have general meeting OF stakeholder
two weeks noticc through New Orleans Poofice 10 b
given the Stockholders, by letters addressed to them
have called the same. These notices he signed by til
Stockholders calling the and at such general meeting
and on wo-ilrls vote of i'll Stockholders-o tifIs i
number and Of stock of the Comnany-FpTnove lie Presi
place Or places his their unexpred term or ern,
III When any ipsanen for Stock subscribed is not na
the amount or amounts due in tc option after giving hin
weeks notice of the served personally hin, hi
forfeited well as the amount he may have paid on his Stoc,
And il after suit md execution the amount due
recors n,y declare stesE forfeited '''''' ''V ~
Art H. Tie Agent and Secretary shall keep at the Office
the Company Stock Book and shall issue tlc Stock
paid in full Certi9eetes OF Stock showing number Of Share
Stock Of the Company transferable on the surrender
the Certificate and the written transfer of Stakeholder
every iransfeee Of Stock snail be liable espon
biiIy as the original Stakeholder and none other.
The subscribers hereto the Stockholders in and Mem
bers of the said corporation, for the Shares
the amounts opposite our respective nanes,
THE UNDERSIGNEn Recorder of Mortgages in and for III
Parish aud Ci Of New Orleans csrtiies that the IoegoB
Charter was THIS day recorded Book Sec g. FUlios 40
49 49,, 1875 i9i and 495, in hi , 9tt;e
New Orleans, Dec, 90, lsjj