New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-03-03
CHARTER
Or The
LOUISIANA TEHUANTEPEc COMPANY.

ton Of the affairs Of the poaon may be and
proper.
The SAID corporation i established fo the purpose o.
Coatacoaieos river point Bay Ventosa in lie
psss oss+ sSs e % also RAILROAD from sd
dons on said grants known the Gatay and $40 gnnt and
river according terms and eendon Of said grants and
admit associates under his such per
upon the condtisns hereinafter provided
The capital stock Of said Company shall be ten millions Of
dollars divided into share; Of hundred dollars each which
SOOe shares eight millions dcars shall be subscribed
=. 40 and paid for a. hsreinafter provided;
paid stock and delivered to The trustees who now hold
Of executed By F. A HaIgoas, himself AND as
sD 's sas the g ans q ~ nov holder
Government.
10000 shares.
Lists Of subscriptions shall be opened at the times and places
e y aS he nav aIa 4 e9
much Of said eight millions OF cash stock remain
charter.
ARTICLE v.
payments made on the cash stock subscribed and 10
be subscribed As aforesaid follows the
time OF snbscbng ten per cent in sixty days tn reafer
for BY the Direction n;ameuts exceeding per
each nor a intervals Of less than sixty days Calls for stock
days in at least published in New Orleans
ARTICLE VI.
On the conveyance TO this Company by said Trustees Of the
said deed Of trust the Board Of Directors shall he 70 sad
o 5 sSi sH oi o. e
sss IN al Il PAID 10 cash and OF the
said Trustees for the Of said the eight
That portion q AID bonds SbcS S under Ss said
trust is to be used for the payment Of the debts and liabilities
satisfaction liabilities The parties 70
convey same exercise Of their sole and uncontrolled
han may think g pax t. being distinctly under,
contracted BY company person under
either the said Size Or GaIsy grant, except as provided the
ARTICLE VII.
dividend shall declared before the railroad Is com
than Is per cent from its tolls and the from
tolls shall exceed the amount required for the Of
per per aunum shall araBe dimiution Of the
tolls as to keep the dividends down 20 Is cent
This Article impose any the amount of
its lands Of tolls the
portalion of freight and passengers.
ARTICLE VIII.
The six hundred thousand dollars advanced r. Falcon
Mexican The sioo grant shall paid
and he Company viii re%Sas f oSt Of lie Ds share
the Mexican in the net profits provided in said
sloo grant.
The business Company be conducted It's Office
the city of New Orleans which shall be
domie by nine Directors of whom sha per
quorum The Directors shall elect and Vice Pfs
dent Of their body and shall have elect Direct
elections At all elections for Directors all meeting
each share shall be entitled Vote Legal service d es
ton and all process against The Company may be made the
President o. left his address at the office Of the Com
pany, in the hands Of any of its officers.
ARTICLE X.
Emile LaSere. John NJ. Bell, Alfred Penn W E. starks
r. shall compose Board Of Direct
oTs unit; the first Monday May s r The elections shall ;,
Monday Of April Of each year and the discharge Of il
eligible Director unless he IS shares Of stock.
ARTICLE XII. -
failure elect Directors shall dissolve the corporation
but Board In office shall
until Board be elected All notices of election and
meetings Of stockholders shall be given by publication
leans.
! ARTICLE XII.
In of failure the part any subscriber pay
stalments bis stock required the Board Of Directors
sell for The benefit of the Company, may with
such previous notice advertisements compel payment by
default. '''-''''N
| ARTICLE XIII.
AT all meetings Of the stockholders and at all elections ma
oriy Of the stock represented at such meetings shall
that such are called for the purpose Of inereas
the purposes en9meraed in the hh section Of the act thu
corporations Of public utility
approved March 4h 1855 shall be composed of hold
fourths Of the Company order 10 take valid ant
binding premises ali other meetings
holders and all elections majority Of those
represented shall govern
The President Directors shall power all by
laws necessary for the proper and regular transaction Of bust
name any properly personal to DO any thing
say for the construction repair the road
necessary the line and the roads,
purchase ali mSchinss Vehicles SHIPS vessel
and steamboats, and all de- med By them nesesa5,
every thing and e effect the objects Of Thu
tatiOn OF passengers, freight aud mails
| ARTICLE Nv.
The Directors shall have appoint all officers and
pleasure borrow and issue therefor bcads note
other obligations such and such conditions
may deem ST and mortgage the property Of the Company
ARTICLE XVI.
meeting the stockholders shall held
week before the election Of Directors receive the report
into the condition affairs which meeting full
msp Of The financial and other sas he Company shall
Office Besides this meeting the President and Directors
any ime he Written reaaston d
81 9e Sek ~ s 70 cS 81 p
interest Of the Company Az meetings q oskheldsrs shs
leans.
ARTICLE XVII.
Saek books shall be kept In the offices Of the Compan,
Certificates Of stock shall be issued the Shareholders and
transfer Of stock shall be binding the Company until mad
ARTICLE XVIII.
The Board Of Directors shall be to contract special
The Company payable IL whole o. in part IN che stock Of 4
Company shall have been exhausted.
ARTICLE XIX.
As Il will be necessary arrangements
the Government Of Mexico and that Of the United
Messrs Emile Laere and j. p Benjamin hereby
joint agents Of the Company with full wi
either both OF said Governments for such modification
amendments and changes in said may
for securing full and perfect protection for the rights
interests of this Company,
| ARTICLE Xxx.
At the expiration Of the charter whenever
OF the corporation shall render its liquidation necessary hr
commissioners shall be elected by the holders whose du
shall be take possession OF the property the Compan
and conduct ts.husness final liquidation, such
IN such shall be determined by meeting Of sto
holders, regularly convened for that purpose and IL at
expiration Of the present charter majority Of the soekhoser
in amount and number shall desire the same for
shall be bound transfer those desiring the
neSa at It's fair value, to be affixed by appraisers mutuA
chosen for that purpose.
New Orleans, July 80, 1851
| r.mnc lAcere
| John NJ. Bell.
j. W. Burbrdge. ............--.,.s. rlily shAIes'
j. l.. Warner. riy shntee'
lionel O. Levy ..............--s.... riy snsses'
w. u. sarke. ~ enaiea
Duncan y Kenner.. 80 , ~ s h
| Alfred Penn per pro. Emile lASere finy shares
john sldell, per pro. Emile LsSere Fifty shares
p. A. HERous, =.
Per pro. J. P. Benjamin One hundred share
j. II. Benjamin. enafes-
' j. u. Denegre.. rnty snares.
y. o. Hebert.. ....+.fity uhafes.
The undersigned Recorder Of Mortgages In and for the par
and clv n New Orleans eerthes the within charter
recorded this day oce In book society No 4 folio A.
Nsw Orleans AuRust 4 1851 aul