New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-21
1cery the foregoing to be from the minutes
= szsi L. HEYLIGEK, Secretary.
r., - CHARTER -
LOUISIANA TEHUANTEPEC COMPANY.

for the period Of years. second contract
.es fourth to hold receive purchase and convey N
appoint msnasers dtrsstors Officers
such for sad
ton Of the affairs Of the may ary
proper -.
.sa qods sa M oi Tie
poa. hs Bay u Venissa II IN IL
Pacific Ocean, and Of constructing also railroad from sal
q said grants The Gsray and so
admit charter such per
upon conditions hereinafter provided
4 ARTICLE III.
dollars divided into shares Of hundred dollars each which
s0oo shnfss eight micns q dollars. shall be subscribe.
., ,oo and paid for hereinafter provided
paid stock delivered who homo now hole
~ s saa sy"y and soo e. under the dec
rsprssse9Saing the rights Of r F.eonns holde
Lists of subscriptions shall opened times and place.
ana shs snbseipoH
so much of said eight millions Of cash stock
| charter.
| ARTICLE V.
The payments cash stock subscribed and to
be subscribed a aforesaid are as follows:
in and Ky ruands AZ
for by the Direction exceeding ten per
IF not less than
days in at least two newspapers published in New Orleans
! -. ARTICLE VI. -a
On the conveyance Company by said Trustees of the
said 5s rights in sal, said Gsrsy and sqS in with
se psd T. 5
for the purposes of said trust and said stock shall be consid
sis
1e BE.
Lns SAID bonds which under the provisions Of said
be a SsstS 70 the
the ss
convey the in the exercise of their sole
e1s o deS s
the @ Il hn
| eighth article OF this charter.
ARTICLE VII.
No dividend shall be declared the railroad is com
pleted The Company shall net revenue greater
n - Per cent from its tolls and enc the receipts from
ne cen h Of run a and
tolls 80 al 10 keep the dividends down Is cent
This tice shall not impose any limitation on the amount of
dividends that the Company declare from
poration of freight and passengers.
.a. ARTICLE VIII.
The ss hundred thousand dollars dyanced by F. p Falcon
e company IN Its @ such terms may be agreed
the Mexican Cove profits as provided il said
Sloo grant
ARTICLE TX.
The business of the Company conducted at its office in
the city of New shall be and remain its
Of said city Four Directors s ssn fo s pr
The Directors shall elect President Vice res
ors supply yacanee tina, in The ervas the
sochoers votes be given in or BY
each share shall be entitled Legal service Of eta
dSTesy Once msaf hs ,s
pany, in the hands of any of its officers.
ARTICLE x.
Levy l. j. Burbrdse p g. g. Mebeei
first Monday in May 1855 Tie elections sha be
annual and each subsequent elected on the third
as g the ons shs S
eligible as Director unless he owns % shares of stsck
ARTICLE xI.
but Board office continue The exercise Of its Functions
meetings of stockholders stall given by publication fifteen
leans. Nv" ~
- ARTICLE XII.
of failure the subscriber pay the
alments on his stock required the Directors may
s o ten ten DAY; or notice in writing forfeit the
such previous advertisement by
suit and no stockhoder shall be permitted whilst
ARTICLE XIII.
A. all meetings of the stockholders and at all elections
except called for the purpose Of
diminishing the capital stock Company for any
Legislature Louisiana entitled An act for The ossniution
March l4 1855 shall composed Of persons hold
g IN Their o h or IS agents for Others least three
binding action I'll the ali
ana AZ all elections majority of those and
ARTICLE XIV.
The President and Directors power all by
to hold receive purchase convey under the
for The repair main Of the roads
herenoeore described with as many tracks they deem
to make all necessary for the purposes aforesaid
and ali sqments med Sg s
or useful for the purposes Of the Company and in
a Of Geef'a o's
tation of passengers, freight and mails.
vas o rec shall have to appoint all officers and
pleasure borrow and he reno bas
or other Obligations at such and such conditions
| secure the payment thereof.
ARTICLE XVI.
stated annual meeting Of the stockholders shall be held
the last years operations and business examination
and S o Mfh the campn u s BE-
M s e aa an psso h
Call others when they think proper and it shall be their duty
the tGe to sa masns I
of the Gopny any ao M
be held at the office of the Company, city New Or
ARTICLE XVII.
eo9f s saa be p the ss Of the comps
transfer Of stock shall ne binding the Company
| ARTICLE XVIII.
Board OF Directors shall be authorized to contract specially
he
me Company payable in whole, or in part in the the
pn Inc whole amount of the capital stock of the
ARTICLE XIX.
AS Will ne necessary ARRANGEMENTS with
me government of Mexico, and of the Uni.d State
eSss hine itSere and j. +. Benjamin
J9t agents o. me Company, with full power agree with
either Or both of said Governments such notifications
amendments and changes grants as may seem most p
cous Tor securing full and perfect rights and
interests of this Company. '7 ~
ARTICLE Xxx.
At the expiration Of the charter or the
OF the corporation all
sa oe 10 take possession OF the property the Com
ana conduct lhusess to ~ liquidation on sucb terms and
in such manner shall be determined by meeting of stor
holders regularly convened for that purpose and If Mt tbe
expiration OF the present charter majority the
In amount number shall desire renew the same FIR
further term the stockholders dissenting such
shall be boun transfer their TO those desiring e "a
newal at its fair value, be affixed by appraisers INITIALS
| chosen for that purpose. ''
| New Orlea S, July 80 1857.
Emile LaSere. Fifty shares
". Dell. FIFTY shares
j. ". Burbridge. ...-....-........, Fifty shares.
g. L. warner. Fifty shares
/ lionel Q. Levy Fifty shares
W. Il. Starke. NEUTRALITY-SUSPICIOUS.. Fifty shares
Duncan F. Kenner ......,... ...... Fifty shares
Alfred Penn, pro. Emile LaSere Fifty shares
John Slidell pro. Emile LaSere. Fifty shares
P. A. Hargous
Per pro. J. P. Benjamin One hundred shares
u Z, ne ilahiih Fifty shares
| p - nenegle..-...... FMty shares.
| +. ~ Heeert.. Fifty shares
The undersigned of