New Orleans daily crescent., 1857-08-15
CHARTER
LOUISIANA TEHUANTEPEC COMPANY.


der their corporate name property both and
their interest and may reque sixth make and
establish such by laws for the proper management and regua
of the affairs of the corporation be and
proper
The said corporation established for the purpose
strucng carriage head navigation
Psee ocean AND Of Constructing also iaoad from sad
Coazacoacos river the Bay of veno according to the
enjoying and conducting the nayigeon Of said
we 3 e % 0aT % md y for
upon the terms and conditions hereinafter provided
ARTICLE Ill.,
The capital stock Of said Company shall be ten millions Of
shall be appropriated as follows, VIZ; .,,,-,-,
and paid for as hereinafter provided
10000 shares millions of dollars shall be issued as fq
the ti.le to said Garay and Soo grants under the deed
ptpresentns the rights Of + Fsleonnet now holder
Of the sloo grant under the decree OF The Mexican
100000 shares.
AITIcLE ".
Lists subscriptions shall opened at the times and places
required by The of said grants and at such other times
much of said eight millions of cash stock may remain
after deductns the subscriptions of those who now sign this
charter
ARTICLE V.
The be made the cash stock subscribed and
aforesaid follows per the
time of snbserbng Ten per cent in sixty days .h ten
For by The Direction not exceeding len per cent
EACH intervals of less than sixty days. Calls for stock
shall be made by advertisements Of less than sixty
days III a least two newspapers published i'll New Orleans
ARTICLE VI.
the to this Company BY said Trustees of the
the Board of Directors shall issue said
for the purposes Of said trust and shall cons
all s As Ed,PS P Of II p1sao ia nd S on % Ss sfGn
for the of snd trust the eight
That portion Of sid bonds which provisions said
ba
satisfaction Liabilities the parties
convey the same IN The exercise their nnconroed
discretion may think proper to pay il being distinctly under
oever contracted by company or persons nnder
either said soO hray grant, except as provided i'll the
eighth article of tiis charter
ARTICLE vl1.
No dividend shall be declared before the railroad is
han Is per cent from its tolls and whenever receipts
tolls shall exceed the amount required for the maintenance Of
per cent per annu there shall he ratable diminution Of the
9s keep the dividends down to Is per cent per an
Ibis a'ticIe shall not impose any limitation
It's lands or any source Of
portation of freight and passengers.
ARTICLE VII.
The hundred thousand dollars advanced by F. P Falcon
net Mexican Cove the Sioo grant shall be paid
M and GiS hs oSp@ @ Reimburse tse out Of he share
the Mexican Cove nnent in the net profits rs provided il said
| Soo grant
The business of The Company shall he conducted at its Office in
domic by nine Directors Of whom at least shall be per
eIi bs sso Hi Ss elect osI and s Vice
dent of their body and shall have to elect Direct
Ss annual ii sIeeons At ali and at ssns
e safe @ S sl 6Ss n Vo @
ton and all against e Company may be made on the
pany, in the hands OF any of its officers.
ARTICLE X.
Ems wss 4 n Asa BadGss rsRD y = J. ss
and duncan kenneF sh: compose the first Board Of Direct
annual and each shall be elected third
n On Of a. 5, MaSa I"S ss ans sas
eligible as Director unless he owns u shares of seck
| ARTICLE XI.
but the Board in office shall continue the exercise its functions
@ Of s % d @ be al eoSy Sc p%beom se aF
in advance in at least Two of the newspapers Of New Or
leans.
ARTICLE XII.
In of failure Ie OF subscriber to the in
mt & on MS 9cs as required ire the hGra IN % ef6%s a
ock and sell for the bensh, of the Company may with
default,
ARTICLE XIII.
AT all meetings stockholders and all elections
iority represented such meetings shall govern
ing or diminishing capital the Company, for
The purposes enumerated in The h section on Of the act of tn
Of tGr YORK Of R%Pc h impToys%9Gfts en- and @, &
oorths Of stock Company order valid
holders and at all elections majority of those present ant
ARTICLE XIV.
The President and Directors shall have omake all by
laws for the and regular transaction of bu
rate property real Or personal to do any thing hece
heein6etpre described with many they may
necessary determine The line and location of the rons
purchase all materials machines vehicles teams ships yesse
useful for the purposes of the Copa9y and in general to
thing necessary and proper to elect te objects Of III
charter ineang the hNng and collecting of tolls for Anspo
tation of passengers freight and mails
ARTICLE XIV.
The Directors shall have power to appoint all officers ana SCI
wants Of The Company fix their compensation a rfm"Ee % me @
D. or "hsr @ at eh Terms and on such conditions as
deem best and mortgage the property OF the Company
,, ! secure the payment thereof.
ARTICLE XVI
stated annual meeting Of the stockholders shall be held o.
the YEARS. operation, and business and for the eN minat
@ into h % cgmdo @ ns n Ts hsr # TlFG Of h Copany W @
LAID before The meeting BY the and Directors then
cal" others they think proper and it Shall be their duty
any an" m @ Of e" h the soe Of m Gomy s esns
ct .tochodrs to take into consideration ay Ttte affecting Il
lie held oice of the Company in the city Of New
ARTICLE XVII
books Ok @ 5 be kpi @ sis n the io @ es of @ p
Of stock shall be binding the Company until ma
e its stock books.
is Board of Directors shall be authorized contract special
labor Materials lands and effects TO be furnished
Gompy mil ri the Whole "%o1n Of the capital stock Of
Company shall have been exhausted
ARTICLE XIX.
it will be necessary arrangements wi
the Government Of Mexico, and that OF The United Stat
ie MeSsrs Emile 7. Benjamin hereby made
IS Joint the Company, with full power to
S either Governments for such modification
changes In said grants most ju
for securing full and perfect protection for the rights
W. interests Of this Company
ARTICLE XN.
expiration of the charter, whenever le dsSolui
of corporation all render its liquidation necessary, til,
1t possession OF the property of the Comuat
conduct StbsHess TO la liquidation, such
shall he determined by meeting sto,
holders, regularly convened for that purpose
expiration present charter, majority stockholhe
number shall desire the
term the stockholders dissenting from n reuep
shall bount transfer their stock TO those desiring the
newe its fair value 10 be affixed by appraisers
chosen for that purpose.
- New Orcans, July 81 1857.
ne Emile laSere Fifty shares.
Es John VI. Bel. Fifty shares.
~ j. W, Burblitgc, Fifty shares
HS tII warner FIFTY shares.
i,lonel y. l.eFS..........,....-.... Fifty shares
W. W, f., Sarke. Observation-Disclosures. Fifty shares,
Duncan +, kennrr. Fifty shares.
Alfred Penn, pro. Emile I.aSerc Fifty shares.
ES p A. Iargous
So Per pro. ]. P. Benjamin. One hundred shat
D. = Benjamin. 80 FLY sihFth'
! u, DeNegre. FIFTY shares.
+. y. Hebert.. Fifty shares.
The undersigned Recorder Mortgages and for the
and city Orleans. cefeS that the within charter
. III