New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-04-28

Resolved That this Board be and hereby
Resolved That the members Of the ssveraly hereby
Resolved That copy resolutions be published in the
different newspapers Of this city.
Resolved, That this Board stands adjourned sine de-
certify the foregoing be copy from the minutes
L. HEYLlGER, Secretary.
CHARTER
| LOUISIANA TEHUANTEPEC COMPANY.
We undersigned having agreed to unite for The construc
ton ., Tarosd and other communication across the ishmus
that by The Mexican called Garry
vded determined for purpose form corporation
& = Marcel as s eS.s % as ' q. %
eorporaons for works of pubic improvement and uty and
sowt: Nv" 'D'''' - 'A' up0" '' '0'i'"s 'uA'f'
ARTICLE 1.
The corporation shall be called the Louisiana Tehuanepec
hr TO have and to enjoy by their corporate
be sued corporate name third to make and nse
porae sea fourth to hold receive purchase and convey
to and appoint such directors officers
establish snch bylaws for the proper mansteent and
ton Of the affairs Of the corporation may
proper.
The said corporation purpose OF
river point Bay Veno.a in Tie
Pacific oeea and Of constructing also farosd from said
dons Of said grants known The Garay and soo and
anu we OF aid uoazAcoaicos
admit under this per
upon the provided
ARTICLE III.
The capital said Company shall be ten millions of
dollars divided hundred dollars each which
shall be appropriated as follows viz:
5000 shares eight millions Of dollars subscribed
on ooo and paid for a. hsreinaer provided
paid stock and delivered to the trustees who now hold
the title to said aray and sleo grants, deed
representing the rights of 7. p Feonne now holder
o. .ns soo grant un'sr me decree oil 'he Mexican
uo'e'''H'"'
looVOO SHARES
Lists of subscriptions shall be opened at the and p,c,.
required by gan and at such other times
and places as me directors may for subscription to
81 SIN o. al o. esin STOCK Is may remain
e SUBSCRIPTIONS OF ihose VINO now sign this
ARTICLE v.
The payments stock subscribed and TO
subscribing; per cont in sixty days l. rsaer eS
@ S III pe e ana a se sRde5 as called
saen nor o. es man sixty Gays Gals Tor stock
days III al least two published in New Orleans
ARTICLE VI.
IN ae 70 mn Company oy SAD OF the
said deed Of trust the Board Of Directors shall issue d s
for purposes Of said trust stock shall Bs consid
sad con nd Raap1 Of ni, o ~ o.
said for the psrpose- trust eight per cent
Thst poron ef sad ba o bh a. h
trust is to be used for the payment Of The debts liabilities
ssction of such deis md abi y o s e. me
convey same exercise as sole and ansdatroed
stoed that tbis compspv be g a ~ unSsf
by any company person or persons under
either the said seo aray grant, except provided the
ARTICLE VII.
Pleted The Company shall derive rvenne greater
Than - Per cent from its tolls and whenever the receipts from
per per annum, there shall be rable duuon Of Inc
tolls 50 As to keep the dividends down to Is cent
This Article shall impose any Limitation on the amount Of
is s e % hs hs G 6 G
portaiion ofireight aud passengers.
ARTICLE VIII.
The six hundred thousand dollars by F. p Falcon
the Mexican soo grant shall be mid
BY ompany bonds terms MS may be agreed
and the COMPANY will reimburse itself OF he share Of
the Mexican Cove nment in the profits provided
ARTICLE *
The business Of he Company shall be conducted Office m
domjei by p9e Deetor ~ b s !. @ os anu semSn rs
o The sI p bo slG ssc rssdsn. and Vice Pre
supply in The in ervas between the
annual elections At all elections for Directors
Of stockholders be given person proxy and
ton and all against the Company may made on the
pauy in the hands Of any of It's officers.
ART1CLEx
Emile Lasere John NJ Bell, Alfred Penn W. f. starke
Lionel - Levy L. amer, D. W. BnrOrtdge P O. Heher
until the first Monday May 1853 elections shall be
annual and each subsequent Board shall be elected
Monday Of April Of each year and enter the discharge Of
uils On 'e aIs u ay 5oilewhg no one shall be
eisioe As DHee'oi uaieSs nc o"hs% shares OF sleek
ARTICLE yI.
failure TO elect nirecors shall not ssolve tha
Board in Office shall the exercise Of its
until a new Board can be elected All notire N irnn 80 -
meetings ockhoaers shall be given BY publication Green
IN III al least Two OF the newspapers Of New Or
ARTICLE XII.
In case Of failure on the part OF any subscriber Ia nav tha In
the
after zen days Advertisement or notice In w foTfs ~
and for benefit Of the ompany oT may win
previous advertisement COMPEL payent v
default - ~ "
AurIcr p v1rr
-NiAi'
A. oil meetings OF the stockholders and at all elections
oriy Of the stock represented ut such meetings shall govern
except a so are called Tor the purpose OF increas
ny KY; s sHck o. me company or lor any
% 81 ottas ~ e ~ sset9l ~ zoe Aet OF ihe
=. s Ss, III ~ ny M llproseineis ana amy
ia, In their avn right or NJ aenis for ,,lrs ~ i ,h
fonrtbs Of the stock Of the Company in order no lake valid ana
binding other rnastirs
holders elections majority of those nresen and
represented shall govern
ARTICLE XIV
IT., r, L.. -, !, =,
ieaues' ~ susi nave power 10 make al by
- 10 hoid ,sceiye l sio " uusl
~, ra u s, I aa convey, ulle5 inc coTpo
- - ~ ~ ~ 'ls un- seces
49,, sesro a,ti i,t u o. the toehA
ascessar,s 10 Ietso;ra ~ aa ~ 70 ~ as ueei
10 make ali neesssarv contrae Er the % oss ao