The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-17

tolls for the IanspcrAJn OF ncignt and passengers.
Art g. Tho air hundred thousand dollars advances by
r. Faoonnet 10 the sefcsu govern neni for toe Soo
grant shall be paid ~ me company Us boads such
bu,se isef ont Of The OF the Mexican govenmoni
Tho RET prcfs ~ provided 10 sAd soo grant
Ara The business OF The com ANY shall be conducted
is Office In The ciJ OF New Orleans, winch snail for
ever be and remain ia domce, by nine Investors, OF
whom least shall be pcrmsncsi residents VI said
shall cleo, Presden aud vice resident out or lhcr body
ard shall have power 10 elect d. ecers 10 supply va
osnces that occur In the intervals between the annual
elections. Aall elections for directors and ~ oil meet
Ines stockholde votcs may be siven Ia
PROXY and share shall DO entitled 70 vote Legal
sy be made on the President person or f 70 bis ad
the ooe Of the com In the hands Of any Of
he officers.
Stoke Lionel levy J. warner, J. W. Barbridge, p.
o. uebcr, and Duncan " Keunc- shall compose the nrst
g Is sS. sS snaus sna
sha be eoed the third Monday II April Of esoh
an enter the discharge OF ~ duce the hrss Monday
II May following No ,hall be eligible for director
unless be owns twenty Ave shares OF stock.
mart H. failure elect directors shall NOS dissolve the
corporaou bal the beard In ONCE shall oosinue tue
crcise Of ~ functions until q board can be elected
All notices Of election and Of meeAnr OF stockholders
shall be given BY publication aeen DAYS In advance, in al
leas, two OF the ne ~spapefs OF New Orleans
Art IA IN case Of anre NE part 81 any subscrey
10 pay the !nslmene h stock required the Board
Of director. may ser ten dsy sdvsr ssmsni Or neacs
COMPANY or may without such previous notice or sdver-
tscmsni, compel payment By suit; and ne sookhoder
shall be permitted 70 vote while Ia default
Art re- Al all meetings of Stockholders, and at All cleo
onr majority OF he tcct 81 such meesnrs
shall govern except that such meetings are called tor me
purpoee OF Increasing Eliminating tho capital Stock OF
ue company, 70. any Of be purposes enumerated IN
the h section Of the Art Of The Legislature OF Louisiana
entitled can sc for the organization OF Corporations io
works Of pubic Improvement aud utility" sppro red
March 4, 1855, shall be composed OF persons holding IN
their own hight, ~ agents for othes, at least tnree
fourths OF NE stock company In order 70 axe yad
eod binding action In the premises d all other meetings
OF stockholders and at all elections majority oil those
present and represented Oh Ill govern.
Art. Ia The president and directors shall have power
make oil bylaws necessary for The proper aud regular
ansacien OF business 10 held, resolve purchase and
ccsvey under The corpcrate name any property real or
pcrseDal; 70 do sny thing necessary for the csucton
repair and maintenance Of the roads her snbefore dee
crbed, with ~ many tracks hey may deem necessary
deta mine the line and location OF roads and 10
ali neceeary contracts for the purpose esoresaid "a
purch~e all mserlss, machines, vehicles teams ships
vessels and steamboats,, and all equipments deen,et by
them necessary ueu for the purposes Of the ccmpanf
ard general do everything necessary and proper
effect The objects Of this charter including the fxing
caccpr Of sols for transportation OF passcuges, esh
ans mails.
Art 10 Tho srcc,or. ,haI hsvs power to sppon, oil
ocsr. art Of the alcsay ~ their slnpeusa
ton, and remove them u pleasures mg borrow money