New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-11-10
ARTICLE /,
ApTTrIp n

The capital stock Of said Company shall millions Of
s5 b I be . sPPopagid a. GoGws vi
and paid for as hereinafter provided
1000 hae millions Of dollars shall be issued full
the title to said Garay and soo grants under the
presenng IT, + FeS5net Sow f hod I
Of the sloo grant under the decree Of the Mexican
Government.
100000 shares
ARTICLE ".
Of subscriptions shall opened times places
required by the Of said grants and such other times
50 much Of said eight millions q cash stock IS may remain
after deductng the subscriptions of those who sign this
charter.
The payments to be made the cash stock subscribed
time Of Subscribing ten per cent in siy days reafter
for by Direction uaments exceeding ten per cent
each at intervals Of ess than sixty days Calls for stock
days, in at least newspapers published in New Orleans
ARTICLE VI.
On the conveyance th Company by said Trustees Of the
said deed of trust the Board Of Directors shall
for the Of said trust and said stock shall be consd
s6fa IN # y PSa fsn; aHd q The sSesqon Of
said Trustees for the Of said the eight per
That portion which under he provisions Of said
contracted r the oo rn shall be appTopr;sted to ne
satisfaction Of such debts md liabilities the parties
convey the same in the exercise of their sole
stood this Company the payment debt what.
contracted By company persons under
either the said SLIGO aay grant except providedn the
| eighth article OF this charter
ARTICLE VII.
dividend shall he declared before the railroad is com
6 9n Peg cent from its tolls and
the road the payment running expenses aud dividend Of Is
to 10 KEEN The fiyiiends So1n az IL nm ol sne
nun at most. -
IL SSd oF any e @ bs Gfs oG 81
portson Of ireigRt and passengers lO' Ns rams
ARTICLE VIII.
Tbesi, hundred Thousand dollars voncsd b E p r,
et 10 e e%ean Tor ne oo grant shall be paid
BY me G9P%mS m ~ GPd on such terms as may be agreed
On Hna ie GSnpny VII tlt Out OF The bhare Of
Soo grant " 'e u p Ou'S' ~ po'iuea II Sald
ARTICLE ~
the CITY Of Nav orleans eh sbali orevpT he a "
domic bynine Directors whom least ska be per
quorum. The Directors shall elect President and Vice PTes
Hr "a sunny vacancies Sa oennr Ii H e % Fef
az 10 directors and a. meetings
each share shall be entitled to one vote Legal sefye ~ eta
Ip g ~ - HI @GPS ay o r. made on the
pany, Ia 'ne hallus o. any OF IT'S oheels'
ARTICLE x.
Tione & Lew T. T. WerneT Il e RprbrfdEs s p fIabsT
and Duncan Ksn1sT shei somp9ss he Ssf board Direct
snn1ai and eacG SubseG1en Board shall be elected ON e ]
Monday Of ADrii Of each and en on The discrep f H.
duties on tile FIRST Monday Of May following No shall be
eligible Director unless he owns25 shares of stock.
ARTICLE XII.
failure to elect Directors shall not dissolve the corporation
but the Board in office shall continue the exercise Of
until Boa can be ee!ed All notices Of election aud Of
DAYS in advance in least two Of the newcomers Of Nav
IeauB " -
.pr1orr v1r
ANllSLE Ali
OF anre on Tue part OF any pay the in
stamens o. ms Sluck as required me Board Directors may,
after ten days advertisement or notice in writing, forfeit the
STOCK ana el io g Deeh OF inc Company Or may with
sndno ockholdeF shall be permitted to vote whilst in
default
ARTICLE XIII.
ioTtt Of he tc renrespntej mt sc eetings shall var
9S rt ii snr nts are for The Of iUcreas
in OF Diminishing the cRpial stock of the COMPANY or for any
Of The purposes enumerated in the nth section Of Tue ACT Of he
Legislature of Louisiana entitled for The Organization
corporations of public and utility
approved March I4h 1856 shall posed Of persons hold
fg % W I or Is agents Tor DINERS al least three
~; In Vi ,ti u ls Ia tuer 70 tne t9a ana
B"jeTs md al sstioSs roior{ If tbose 81 0S
| A.FtS'SLte" ah"i' so' 81 - =
/ ,,1 AVA oiti Ait
laws for lie nrorer md reTar tr9nsacti6T Of hnsi.
ness Ia Sd receive nrcbnse and convey iTGcT the cerno.
sary for lie Construction FenaiF or maintenance Of Tie roads
With rs many ffey NAV deem
SoI ,csssrt caITacts far Inc nTnSes aforesai to
n1rrnse Mi nHteralt mncbinc vehicles teams ips vessels
n eoa and al eaapmehts med by them necessary
or for The purposes Of the Company general
every thing necessary proper objects
charter Including fixing and collecting Of tolls for transport
tatiOn Of passengers, fTeigitand mails.
ARTICLE XIV.
Tho Directors have power Rppoint all officers and SER
ar nf e Company fix their condensation and remove them
measure may borrow money and issue therefor bonds notes
ar n olignons nj such terms and on such conditions as ii
may deem best and mortgage The property Of tie Company 10
| sarIre tTe nuynent thereof
ARTICLE yvT
/ - ,,,#.,-,,
stated annual meeting OF The stockholders shall be hed one
week before the election OF DIRECTORS to receive Tue report Oh
the last ycRrs operations and business and for the
the which meeting full state