New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-01-27


Tia, ns sh...,s sss ssaS 3 made vis
Thsi vas impossible 70 OBTAIN the mail contract FOR this
fhsI hs tIs o. the os r.s. ..s net :: ~. cgmp.sy
whsrs g the opinion q this Board ne .Isls y. soo
PAM upon longer eontinaano.
4 hi. Board IN existence would deceive u. public snd
: ss.o%p:5:a q: 6s@s:sy DIS
Resolved Thai this Board Be and the is hereby ala
Resolved That the of the Board .evsray hereby
Resolved copy Of t.se resolutions Be Published lathe
Resolved That this Board stands adjourned sine die
certify the foregoing 70 be tn. f,e% he minutes.
CHARTER
The
LOUISIANA TEHUAHTEPEC COMPANY.
We the undersigned having .g,ss to unite for the
ton Of railroad and other the Ithmus
that purpose 81 he Mexican called he dasy and
soo which be aerrs< hereinafter pro-
@ ,S
works pub and atiiity and
we DO now subscribe to and agree the following charter
The corporation shah be called the Louisiana rehusntepec
70 Sss anS to snoy 81 s sao
for the period Of I've years. second cont and
porss seal fourth 70 hold recsi,s purchase and convey
d s . sSp ssssI BOZ rel and Pc a
their interest and convenience require SIXTH TO make asd
ton Of the affairs Of the corporation may necessary
proper.
ARTICLE II.
The said corporation Is established for the purpose or
sucng carriage road os the head OF navigation
Pscse oeesn and II q .se s .rsa from ,d
Bay scco,dng
enjoying and conducting the navigation of said CoaEaeoseos
admit under this per
sons and their sssns a. shall md pay for
AErIcLH I'LL
The caPs stock Of said Company shai Be Ven millions q
shall be appropriated a. follows, via: :
$1,000 eight million. Of dollars shall be subscribed
10000 millions Of dollars shall be Issued as full
Inc title 10 said Garsy and sioo srsn.s under he decd
Of s ssssq ne y E HaFgGs for himself saS IS
of the sloo grant under shs decree of The Mexican
Government
100000 shares.
ARr1CLH ".
Lists Of subscriptions shall be opened he times and places
and places the Directors determine for subscription
much Of said eight millions OF eash stock remain
after dedueng the subscriptions Of those who gn this
charter.
ARTICLE v.
The payments be subscribed and to
be subscribed aforesaid follows per
per cent 10 ninety days and he remainder as called
for BY the , no, .1essdHe ten per
shall be made by advertisements than sixty
days in at least two published in New Orleans
ARrICLE VI.
the conveyance Company BY Trustees Of the
d sh .. ,sd S.;y .1s sGS y wi.
Trustees the millions full paid stosk
for The purposes Of sad rut and said stock shall be eonsd
said Directors shall further issue &C
bonds Of the Company for one million o. dollars
That portion Of said bonds which under the said
uSder the soo shan be spPIOrasd us
s s% .. s tsaa:
convey the in the exercise Of their and
that Company payment II no d SSs
conraced BY any company person under
eighth article Of this charter.
ARTICLE WI.
No dividend shall be declared before the railroad Is CON
peted The Company shall derive greater
than Is per from It's tolls; and receipts
the road payment running expenses and dividend Of
cent snnu@ there shall be rasble dniIuon of til,
tolls go as 10 keep the dividends down Is
dividends that the Company declare from sales leases
its lands or any source Of revenue other than tolls for the
portston Of freight and passengers.
ARTICLE VIII.
The six hundred thousand dollars advanced by F. p Falcon
net the Mexican Cove nent for the soo grant, shall be
BY the Company in its bonds such terms be
and the Company will reimburse itself of The
Sloo grant
The business Of The Company shall be conducted ats office
the city Of New Orleans which shall forever be
domie by nine Directors Of whom least shall
quorum The Directors h. elect Os and Vice Pe
dent Of their body and shall have elect Direct
elections all Directors at ali eeting
each shall be entitled % vote Legal service q eta
lion and all against The Company may made tn
pany in the hands OF any of its officers.
ARTICLE Z.
Emile Lasere John NJ Bell Alfred Penn, W E. starke
and Duncan Kenner sh.l compose Board Of
ai ana ma eae s M Ss hs ON s
Monday Of april Of each yes and enter on the discharge Of
eligible as Director unless he Is shares Of steck
ARTICLE XII.
failure to elect Directors shall not dissolve the corporation
until Board can be elected All notices Of election and
meetings Of stockholders shall be given by publication ee
leans.
ARTICLE XII.
In part any subscriber to paw the in
aments on his stock required the Board of Directors may
stock and sell it for the Company may with
out such previous notice advertisement compel
default. '''' "-i1'' u
ARTICLE XIII.
all meetings the stockholders and at all elections ma
joy of the stock represented such meetings shall govern
that such ngs called for the purpose
purposes enumerated in the 6nh Of ID
Legislature Of Louisiana entitled An for The oganisa
Of corporations tor works of public improvements
March l4h 1855 composed Of persons hold
Of the stock 81 the Company IN orde 70 take valid an
binding action in the premises all stoc
holders and at all elections majority Of those present
represented shall govern
ARTICLE XIV.
The President and Directors shall have power make all
laws necessary for the proper and regular transaction of hus
hold receive purchase and convey under
property real personal do thing
sary Tor the construction repair main Of the road
heeiubefore described with
determine the line and Of the
10 make all for the purposes aforesaid
purchase all materials machines vehicles teams ships
and steamboats, and all equipments dc med by them
useful for the OF the Company and
thing and effect the objects Of h
charter including the fixing and collecting Of tolls For transpor
taiion OF passengers, freight and msils.
ARTICLE xv.
The Directors shall have appoint all officers
pleasures borrow and issue therefor bonds
other obligations such and such conditions
deem best and mortgage the property Of the Company
secure the payment thereof.
ARTICLE XVI.
stated annual meeting OF the stockholders shall be held
election Of Directors report
the years. operations business the examiao
into the condition of the affairs which a
ment Of the financial and other affairs of the Company shall
laid before the meeting by the President
office Besides this meeting the President and Directors
call others when they think and shall be their duty
the written requisOn OF stockholders representa-
stockholders into consideration any affecting
of the Company All meetings Of kholders
lie held at the office Of the Company in the city Of New o.
| beans.
ARTICLE XVII.
Stock books shall be kept in the Offices OF the Company
Certificates Of stock shall be issued SHAREHOLDER
transfer of stock shall be binding the Company until mad
| on its stock books.
ARTICLE XVIII.
The Board Of Directors shall be authorized contract special