New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-11-09

Pacific Ocean Ara 81 constructing ao railroad
dions Of said grants Caay and sl5o grants and
enjoying and conducting the navigation Of said Coatzacoaicos
agree admit associates under th charter snc per.
stock upon theters and conditions hereinafter provided
ARTICLE III
The capital stock said Company shall he ten millions of
dollars divided shares of dollars each which
shall be appropriated as follows, VIZ
,,, and paid for as hereinafter provided
2OOO0 Eha,e q two millions Of dollars shall be issued full
me title to SAID iaray and Soo grants under the deed
representing The right Of p Faicoanet now holder
Of the sloo grant under the decree Of the Mexican
Government.
100000 shares
ARTICLE ".
Lists of subscriptions shall opened times and places
required BY the terms Of said and such other times
Of said eight millions as may remain
after eduetng the subscriptions of those who sign this
charter.
ARTICLE Y.
Thepaymens be made the subscribed and to
time of snbscbng per in sixty days reafter
for By the Direction, in instruments exceeding ten per cent
each nor at intervals # les than sixty days Calls stock
days in At least two New Orleans
ARTICLE VI
On the conveyance Company by said Trustees Of be
said deed Of trust the Board Directors shall
for The purposes Of said trust aud shall 81 consd.
said ad Board Of Directors shall FarS @ 10
said Trustees for the psrpose Of said trust eight per cent
That portion which under the provisions of aid
conraes Gg d o9 b 81 he ePs ana m
satisfaction of such debts and liabilities as The parties
convey the in the their uncontrolled
stood That HIS GomPab assumes he payment Of no ds5. wbs
Sever contracted by any company Rnde
| eighth article Of this charter.
ARTICLE VII.
No shall be before the railroad is com
AT,eEre
than 70 cent from its tolls and Whenever thereceips
the road the payment Of running expenses and dividend
PER cent per annup there snail Dc rabe dmution of the
tolls 50 as 10 keep the dividends down 10 Is cent
His atcie shall not impose Limitation on the amount of
4T See T pr may sG i@e5 or leases Of
portaton ofireight and passengers.
ARTICLE VIII.
The six hundred thousand dollars advanced by P Falcon
by Company bonds such terms us may be AIRED
and The Compauy.wi reimburse itself Of he
sloo grant.
ARTICLE TX,
The business the Company conducted tits office IN
the city Of New Orleans which shall remain lis
domic by nine Directors Of whom aleast ssal be per
quorum The Directors shalt eect President and Vice PEST
o to supply Vacancies Ra oce IN h StI be JW Fff 6
annual elections for Directors and meetings
each SHIRE shall be entitled Legal service Of eta
Pa a AZ or @ ras the o e "a o the
pany, in the hands of any of It's officers
ARTICLE x.
Lionel i Levy l. wafneP J. Barb @h f Hsbe
ana Duncan henne slf compose The rst Hoard Of Direct
annual subsequent elected Oh tie taird
duties On The sf M"nda May foown NJ ons sh 81 Il
eils'oe ms p'rec'o uheSs " o"Ls-o ShaeS OF sleek
ARTICLE XI.
not dissolve the corporation
until new Board can be eieeed Al notices Of con S1 o
meetings. o. stall be given by pg6caiiCR fifteen
gays IN ADVANCE IN at OF the newspapers OF New Or
of failure on the mart Of any to nav In
aluents on his stock as reuuei the Roar Of Tire0Fs NAV
days advertisement writing forfeit he
previous compel payment BY
default -
ARTICLE Kill
A. # te stockholders and elections
Jolly Of ne soG q such meetings shall govern
a ~ % e s 6 Arb s COMPANY or for any
cIat of entted cd ii I le ne
a orI,9yn Hans fo aT Of NH m ,Ie Un5
approped March % 1853 a be compsed Of persons b3a
@ s4E own 9 or ss agens for others al lea three
ader d At ali cseon o Of Rose PFe o5 @bd
represented shall govern
ARTICLE XIV
laws necessary for thu rrnner and fs 90 ~
nes a 70 hoa 6cssys purchase and oeg h
ary III the constrngtion epeor maneuanreo Of the ouds
necssrI "a deat1i,e III. In, and le 81 iS @ and
10 jke ali necessary contracts for he ilroses norrsaj IN
Ill iHnarinis 6565ifSs SaFaics ll@i q. ny 10
@d emon ad ii de- med y sm yeses
every thing necessary proper objects Of his
charter ncRt the fixing aud collecting oil tolls for transport
ARTICLE XIV
Of @ SmD ys e all aS oST AND s
at pleasure may borrow money and issue therefor bonds notes
y deem and mortgage the properly Of tie Company to
ARTICLE XVI
yseh 9go,c ~ eys,iono reeeiye ~ ra@