New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-05-05

ver 70 the terms and conditions Of said grants and
sous su tntir a. subscribe and pay Tor
'''N 1p'- '"s '' ' .vrIcIp ,IY e'""''o p'O'iu'u
| AKrlCLE III
The capital stock Of said Company shall be tea millions Of
shall he ne foIlovs Viz uo eHen "hleh
0O and ns;S for s, az A'' DC subscribed
2O OO0 hs as or Two mtllions ~ doar hs isss as
paid stock and delivered e the trustees who hold
Of trust sxeeaed b % asTssn for qasr hs DEED sd
representing the rights of y. p Fteonne holder
Of the sloo grant under the decree of the Mexican
Government.
| 100000 shares.
ARTICLE ".
Lists Of Subscriptions shall be opened AZ the times and places
and places he Directors determine for subscription
dedueng subscriptions those who now sign this
| ARTICLE V.
Tho na,-r,sr,s 10 hs r,.aa an ,ba a.A a,, - .
be subscribed as aforesaid are follows per the
Il ninety days thereafter and he remainder called
ior Dy we Deeon IN m not exceeding ten cent
esc9, nSI az M b Of e sa sixty day. Tails iog stock
days in at e" two newspapers published in New Orleans
| ARTICLE vi.
On the conveyance this Company by said Trustees the
said rights IN said Ga@y and sqS grants II accordance with
Trustees the aforesaid two millions Of dollars Of full paid
in all respects paid CASH the execution Of
d ad hoard Of Directors shall further issue
bonds Of the Company for million of dollars pay able
That portion of said bonds which under the said
ru to be gsed for the Of The debts liabilities
he
satisfaction Of such debts and liabilities the parties
whom said Trustees are BY the terms Of said trust required
discretion may think proper pay being distinctly under
o mat % company assumes the pay ment OF no debt what
h S SI py any copay, person or persons under
eehth aee Of HI ebart grant, except as Is PROVIDED IN the
ARTICLE VII.
No dividend shall be declared the railroad Is com
pleted The Company shall derive greater
Tolls shall exceed the amount REQUIRED for the
Of he
tolls as to keep the dividends down Is per per
This article shall impose any limitation
its lands Of other for the
portation of freight and passengers
ARTICLE VIII
The SIX hundred thousand dollars advanced by F. Falcon
BY The company in lis bonds such terms
the Mexiesu in w. He n t c OF hs share 3
slo0 grant ,nr,o,r
- Ia
The business OF the Company shall be conducted Rt
the city Of New Orleans which shall forever be and
domci by nine Directors Of whom least sail per
manen residents Of said city Four Directors shall form
quorum me directors snail elect President and Vice Pres
ors ~ snnnlr Ia, ] ~ ~ ~ - eise new brrGt
for n s'Ssi s
@ a s, o 'r pc ned one vote Legal service Of eta
pany in the hands Of any Of its ofee5s ~ e u the Com
ARTICLE K.
Emile Iasere, John NJ Bell, Alfred Penn W. e. starke
S 1 n NJ ley e H. Msper j. w Burbrdge r o. Iieber
L
os an1 M hrs Monday IN May 5 The elections shall be
Mohaa q eae year ana enter on the discharge of ts
a2s on me ns5 Monday Of May following No shall be
ARTICLE VI
A t,fi,ra 70 oi.c. n;.aatas- III .. ,..-., 4,
h., ~ tiJ ~ Nh si. lV ussolEe the corporation,
until new Board can be- eeete5 III IT, eIese o us functions
meetings Of holdars sbsu r. i ficon anu ni
d,vs In ADVANCE in ar iass ~, ~ r. y. nlteeh
100 80 is'' ''S'i 'He HoHaPapelaol NeW Or-
NAASA'@ ~Nti-
In failure OF
his stock required the Board Of Directors NAV
ae ten days advertisement notice in writing forfeit the
and sell for the o
previous compel PAYMENT nv
suit aud stakeholder shall be permitted 10 vote whilst n
default 49, ~ "a
ARTIcr VII
49,,
o. Tue kholuers ana At all elections,
ing or diminishing the capital stock of the Company
OF the purposes enumerated in the fifth section Of the
Legislature Of louisiana entitled " An for the organization
OF eotpoIions i3r works pu6c improvements and uiy,n
approved March lh 1855 shall be composed persons hold
binding premises al ali other meetings Of stock
holders and all elections, majority those present and
rpDre eufphEh hall