New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-03-31

we agree to admit under This per
stock upon he terms an provided
| ARTICLE III.
dollars divided int hundred dollars each which
| shall be apprOprired as follows, viz;
eight millions dollars
| and psd for as hereinafter provided
paiS stock and delivered who now hold
II title to said Garag and Sloo grants, under the deed
Spresening the rights of 7. p FscOnnet, holder
Of the sloo grant under the decree of the Mexican
Government.
1905 shares.
ARTICLE ".
fists Of subscriptions shall be opened at the times and places
e9uTed BY The terms Of said grants and such other times
much of said eight millions of cash may
charter
ARTICLE v.
The payments to be made the cash stock subscribed and
time Of subscribing in sixty ih rea
for BY Direction nsten not exceeding ten per cent
each nor At intervals Of les than sixty days Calls for stock
days in at least two newspapers published in New Orleans
ARTICLE W.
On the conveyance to this Company by said Trustees the
said rights said Arsy and Sloo grants accordance
said deed Of trust the Board Of Directors shall
Trustees the aforesaid millions lu paid stock
he purposes of said trus shall Be consd
sed in all 4 Rip. Ps II cash and on the Of
said Trustees for the Of said the eight per
portion said which nne the provisions of said
trust Is 70 be used for the payment Of the debts and liabilities
satisfaction such debts and liabilities a. 70 the parties to
convey the same in the exercise Of heir sole and unconroed
R %s as 10 PAY being distinctly under
contracted by company person persons
| eighth article Of this charter.
| ARTICLE VII.
No dividend shall be declared railroad is com
than per from tolls and receipts from
r shall sS az sqGed for The
per cent per annum there shall be atabe dmiAuton of the
shall impose any limitation on the amount Of
dividends that the Company declare from sales
its lands Of otherthan tolls
| portation of freight and passengers.
ARTICLE VIII.
The SIX hundred thousand dollars advanced by Falcon
by the Company bonds on such terms as NAV be aereed
and the Company will reimburse itself share Of
the Mexican Government in the profits provided said
| sloO grant.
ARTICLE TX.
the city Of New Orleans which shall remain Us
uo ~ he W I 81 "n2 AT ssl seven ssa oe per
quorum The Directors shall President and Vice Pres,
to supply vacancies thai The erya between the
each share shall be entitled vote Legal service OF
leftO his address the office of the
pany, in the hands of any of its officers.
ARTICLE K.
Emile Lasere John NJ. Bell Alfred Penn W f. starke
Lionel c. Levy j. Warner j. W. Bnrbridge p O. HebeTi
ors uns the st Monday IN May 1855 The elections shall Be
annual and each subsequent Board shall be elected third
Monday of April of each and the discharge Of
duties the FIRST Monday of May following No shall
eligible Director unless he owns Is shares of stock.
ARTICLE XII.
failure Directors the corporation
but the Board in office shall continue the its functions
until Board can be elected All notices of election and
meetings Of stockholders shall be given by publication fifteen
days in advance in at least two of the newspapers Of New
ARTICLE XII.
Of Surs OK Ss ct any the
after ten days or notice in writing forfeit tht
out such previous advertisement compel payment
and stakeholder shall be permitted to vote whilst ii
ARTICLE XIII.
At all meetings the stockholders elections mi
that such are called for the purpose Of
ing diminishing the capital stock Ct the Company or for
Legislature of Louisiana, entitled An for the organization
approved 18th 1855 composed OF persons hold
4 H Th or e. tor Others az least
binding action IN the premises at gu Other meetings Of stock
ARTICLE XIV.
President shall have power to make all by
hold receive purchase convey corpO
ary construction repair main enance Of the road
to determine the line and location Of I6s roads
to make all necessary contracts for the aforesaid
steamboats, and all equipments de med by them
or useful for the purposes Of the Company and in general to
charter including the fixing and collecting of tolls for
= tation of passengers freight and mails.
e ARTICLE XIV.
The Directors shall have power appoint all officers and
pleasure may borrow and therefor bonds
or other obligations at such terms and on such conditions as
may deem best and mortgage the property Of the Company
, secure the payment thereof.
: ARTICLE XVI.
meeting shall held
week before the election OF Directors to receive the report
me t years operation" and business and Tor tue
of the financial and other affairs of Company shall
laid before The meeting by the President and Directors then
Office Resides this meeting the President and Directors ma