New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-08-14
CHARTER
or THE
LOUISIANA TEHUANTEPEC COMPANY.


their 10Th and h
their interest and may reqire sixth to make and
establish such for the management and regua
ton of the affairs of the corporation may be and
proper.
The said corporation established for the purpose
structng carriage road from the head of navigation the
Pacific Ocean aud of constructing also railroad from said
Coazaeoaleo the Bay venoa according the
enjoying and conducting the navigation of said
we agree to admit as this charter such per-
and their assigns Us shall hereafter subscribe and for
ARTICLE III.
The capital stock of said Company shall be ten millions Of
shall be appropriated as follows VIZ; ,,,,
00'V0 and paid for a. hereinafter provided
10000 millions of dollars shall be issued full
the title said iaay and Sloo under he deed
9 Fs se Foa 1ox rd s
Of the sloo grant under the decree of the Mexican
Government.
100000 shares.
Lists of subscriptions shall be opened at the times and places
required by the said grants and such other
so much Of said eight millions Of cash stock as may
after deducng the subscriptions of those who sign this
ARTICLE V.
The payments be stock subscribed and
of subscribing in sixty days h eafter,
per cent in ninety days hereafter and the remainder called
intervals of less than sixty Calls for stock
payments shall made by advertisements than sixty
days in al least two newspapers published iii New Orleans
ARTICLE VI.
On the conveyance Company by the
said said aeed Of tTst the Bcad Of Directors shall Issue to said
Trustees the aforesaid two millions Of dollars Of gI pd stock
o III III s if nail in c,N and on the xecRnn Of
sni conveyance md Board of Directors shall further issue
said Trustees psrpose said eight per
T p {" ig Of @ m 0 o wh iT nn de h Of said
r1st is to be used for ne paen OF me debts ana liabilities
qT me 5 3o a yT i Be a. pr m Sar @
Sonyr e n Are @ Of s sale and
discretion may think proper to ray, being IL2tGg uDet
seyrr contracted y any company person or persons, under
either the (iaay grant except provided in tie
eighth article Ibis charter.
ARTICLE VII.
No dividend shall be declared before the railroad is com
peied The Company shall not derive net revenue greater
tun Is per from its tolls and wleneyer the receipts from
G G@ yt Of r,Innn e%uqnses and yiIenG Of n
ner cent Der ,Ium there sha he iaIaIe Iimtion of the
lS a s so es 70 keep the dividends dow" 10 10 per cent per an
alticle shall impose any limitation the Of
s Ssd t any, s or %oy HS o I Tie
portation Of ;reigh, aud passengers.
ARTICLE VIII.
net 10 the Me an cove nent or the Sioo grant shall be paid
on nd The Company vii rsnbarse Itself on Of lie share d
500 grant ;pr,c,r p,
The business Of the Company shall be conducted at its Office il
the city Of New Orleans which sha forever be ana remain IT.
domici by nine Directors OF whoa al least seven Snail pc per
mauent residents o said ely Four Directors shall form
The Directors shg elect President and Vice pres
0r to Iy yacnuces that occur in The in eryns between ht
animal lecions At ali elections for Directors and At ali uetnr
Of STOCKHOLDERS may given person by proxy
shall be entitled Legal service OF cta
ton and all process against Company may
pany, in the hands Of any Of It's Officers
,pr,c,pv
Emile Lasere, John NJ Bell, Alfred Penn v. =, stake
Lionel g. Levy, j. H. Warner j. W. Bur6ridge F. o: Hehe
+
until the first Monday in May ls The elections shall h
annual and each board na be elected on the 9irt
Monday Oh Ap each !taf anu slet on Inc OF ~
uMHS on iG ns Ms"s b MAY ~ 6 one EMIL Ut
ARTICLE XI.
failure Directors shall not dissolve the corporation
shall continue the function
meetings Of stockholers stall be given by publication ftee
days advance in at least two OF the of New Or
| leans.
r.i,ro ~, 40 nar, -, snbscr,or 70 INV bo IN
snsnts on h stock as sa9iTsl Board Directors may
ut ae e a a 1ba HaH, az fHe Connany or MAJ With
"e previous notice or enlightenment compel payment f
d d '' III 'A' '' " '''' "'I''
ASliCLh N1ii'
ority Of The stock represented at such meetings shall govern
except that sc tings called prpo,e
Of the purposes enumerated fifth the til
Legislature OF Louisiana entitled An nc: Tor me otganiao
approved March iL 1853 shall he composed of persons hold
y % sioc f tna 1ompamT IN onr ~ t, 's With n
rrnTrssntn s shall ,,oveyn VI '' P'e "'
''p'e'eh'eD 'N''' So'i''. -,r,o, ,-r
ARTICLE NV
The President and Directors shall have power to make all by
laws necessary for the proper and regular transaction bus
mold receive, purchase and convey under the
s@ry for he c"nstrnco repair or Of the road
hrrenbeorc described with tracks they deer
necessary determine the line aud location Of the roads
to make at necessary contracts for the purposes aforesaid
a @ n m Of @ e an Dy 10
yey tbib nce5nry and pr"per To sct the ofects Of III