New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-28

other parties having acquired under rights derived from Mr.
III bssss = .s d s,se
sa
Board existence would deceive he public and posi-
%
Resolved, That this Boad and The same is hereby dis
Resolved That Of the Board ssveraliy hereby
That q resolutions be published in the
Resoivsd That Iii Board aour,sd sine die
certify the foregoing be True sfPE fen (. sss9s
CHARTER
-oY THE
LOUISIANA TEHUANTEPEC COMPANY.
we undersigned having agreed to unsfor the c9nsue
ton o railroad and other the I
purpose the Mexican Government called the Gsray and
SSed haSs for purpose
= s % is & act o he
corporations for works of public and and
towi,: -r >
The corporation called the Louisiana Telnanepec
and to enjoy
make and use cor
et
and sseh %
the be saa sgaa
ARTICLE II. 1s"a
corporation for TIE Of eGn s
river point the Bay Of Vsntos in the
s
q sn s
river according the terms and conditions of said grants and
assigns shall hereafter subscribe ard for
stock upon the terms and conditions hereinafter provided
ARTICLE III.
The capital stock said Company shall millions of
dollars divided into shares of hundred dollars each which
be ann AZ follows viz:
ana ana f., Il Shall be as full
paid stock, - delivered to the trustees who now hold
the title to said Garay and sloo grants, under the deed
Of trust executed By for himself and midas as
q the sloo grant under the decree of the Mexican
Government.
100000 shares.
Lists subscriptions shall opened the times and places
required by the Of said grants and at such other times
snd s III ra Of ea Stock as
after dedung the subscriptions of those who now sign this
The to be made the stock subscribed and to
Gs Of sneng per in sixty days II eaf,e ten
ninety and hs se%andsr called
q les; hs sixty days Calls for stock
days. at least two published in New Orleans
ARTICLE VI.
On the to this Company by sad Trustees of the
said s Il 5 @ s. s Il a sas e
the Aforesaid millions of dollars of full paid stock
+ a II and on the
said Trustees for the purposes rust eight per
of p @ million s a of sal.
be used for the payment Of the debts and liabilities
such debts liabilities parties
whom said rs are BY the G Of said sa an
discretion think proper to pay being distinctly under
Contracted BY any or nnde:
either the said Gara grant, except the
| ARTICLE VII.
No dividend shall declared the railroad
The Company shall not derive net r, greater
tolls shall exceed the required for the
h sl here a Be-
tolls keep the dividends down to Is per cent per an
This Article impose any Limitation the
its IF tolls the trans
poration Of freight and passengers.
/ ARTICLE VIII.
net to the Mexican Cove nent for The sloo grant shall be pal
on and e Company VIII a ea Of
the Mexican Cove nmen in the net Proh as provided Ia sal
Sloo grant.
The business of The Company shall conducted its Office
domic BY nine Of WHOM at least shall be pei
quorum The shall elect Presiden, and Vice Pres
out of their body and shall have power to elect new DreG
ELECTIONS At elections for Directors and at ali meeting
70
and al process against the C9spany be made on tn
: pany, in the hands of any of its Offices.
ARTICLE x.
Emile Lsssre John Bell AlfEsd r Penn ss sh
u s Sna ag the fRs s Raa Rff
and each Subsequent Board shall be elected on the THU
A on e az Mad a gs the ans
eligible Director unless he owns 25 shares of stock
ARTICLE XII.
failure to elect Directors shall dissolve the corporation
but the Board in Office shall continue the OF its function
until Board be elected All notices of election and
days advance least of the newspapers Of New
leans.
ARTICLE XII
In of failure the part OF subscriber to the
stamen on his stock as required the Board
;. sock and sell for the benefit of the Company wi,
such previous notice advertisements compel payment
e s dsiaui HDN 10 ''''N '''''' 'D'' 90 p " ~ ~
At all meetings of the stockholders at all elections
oy of the stock represented such meetings shall
diminishing the capital stock Ct the Company for
II s for The oe sSa o
as s be on
ioS5shs s'oeE conpany tsks vsid
holders and all elections majority of those present
represented shall govern
The President and Directors shall have to make all
ho the an Ss the
property real or personal to do thing
heisnSere With
determine the line and location of the roads,
make all contracts for the aforesaid
purchase all materials machines vehicles teams ships
and steamboats, and all equipments by them necess
useful for the of the Company and general to
every thing and effect the objects of
charter including the fixing and collecting OF tolls for anp
tation of passengers, freight and mails.
. ARTICLE XIV.
The Directors shall have power appoint all officers and
of the Company fix their compensation and tn
pleasure borrow and issue therefor bonds
s other obligations such and such conditions
a deem best and mortgage the property OF the Company
secure the payment thereof,
= ARTICLE XVI
stated annual meeting of the stockholders shall be held
IN week election of Directors receive the
lis the last years operations and business and for the
ISL financial other affairs of the Company shal
OF laid before the meeting by the President and Directors the
office Besides this meeting the President and Directors
call others when they think and shall be their duty
fifth of the stock of the Company, call meeting of
stockholders TO take into consideration matters affecting
interest of the Company All meetings of so ckhoders
the be held the office the Company in the city Of New
A. | leans
ARTICLE XVII.
Stick books shall be kept in the offices of the Comp
Certificates stock shall be issued to the Shareholders
NJ transfer of stock shall be budng the Company until
~ D. on its stock books.
rm ARTICLE XVIII
The Board Directors shall be authorized contract
for wo labor Materials lands and effects 10 be furnshe
Company until the whole amount of the capital stock of
AZ. Company shall have been exhausted
om- ARTICLE XIX.
AS it will be enter into arrangements
the Government of Mexico and that of the United ST
MeSsrs. Emile LaSere and j. p Benjamin hereby mad