New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-08-09

ticenn m ads railroad from
coafzscoaico Bay Of Fenosa according Tie
diLons Of said grants known as m Gaay and s9o grants and
eoying and conlqcng le naDIg"ll2n 81 a
admit associates under Ms charter such
STOCK upon 'S rms 't g , '' T' StN"9 po'H0'
ARTICLE III.
divided oto afe Of one hundred dollars each which
n n sGres or eiet millions of dollars AN He spri
and paid ror al hereinafter provided
%OooV 5 81 s|1 d t 1iigr 81 " m 3 og S'go ~ b
tg tite 70 Said 5aTsS ana aoo ah I4ae[ we dse9
TrreseniiIs lie ryIts 6f + p FIic6nrnf now Hniiep
u sue 2tos s'"H' "iiOo' 'l' 1e'''' y "'o isAi''N
100000 shares
rigts or snscrtops s he Dened at the times and placas
a NV @ , Of atd rants and ny nj @ o r e
and places us The Directors may determine subscription
AFTER deductng he SUBSCRIPTIONS OF thoSe VINO no" sign inns
AETIcLE v
payments be made the cash stock subscribed
time II saserbns per esni szty sss H. safer ten
Per cent n lnety a' g a le as called
each nor Y 9srySs Ct liza H siHy aGS G@ils for stock
days in 1t least two published il New Orleans
ARTICLE VI.
s s4 t. Thu G s n by 3a Trasee Of s
aid dse Of st The board Of Directors Hail issue tn aid
St IA tue N i1iioe ~ oisrg aT r5ii Iii +i-
Tor III Papoes Il said trast and said stoc sa bs cons
sfa ; N VA psi i5 II oi ~ catj[r a F m
said Trustees for psrp0ses said the eight per
Pqn e q s fP a b 9 sh S Il R o said
, H " g I III so st iii @ i ~, he
satisfaction Of such deb and liabilities as to the parties to
@hpm said rStee5 are BY te terms OF sad trust required to
NY IAN ALL rer m hs3D5 @ Ue1
sto6i ba us Company ASSUMES The payment Of no debt what
Sever contracted ~ ay company person persons Under
~ tb cbats2 90 20 "a 'ie
ARTICLE VII
No dividend shall before the railroad Is
than Ii pe cent tolls whenever terecepts from
Ike a lie r{yren Of Tnnnin and a iivi5eT of II
per cent per ilnl shall raabe dmluon Of the
tolls SO keep the dividends per per
nun IL most.
Gie sii 9s ogs l nrloT On fae amount Of
s lands any source oterthan tolls for the
tpr,rTp ,,Irr
Thesz hundred thousand dollars advanced by F. P Falcon.
he omp Il @ Sonds on r6 ss "a NAV be g @
m S4a hi lt55Il ne snare 81
stoo grant
AkTleLE ~
The business Company shall conducted atits office IN
domic b5Sne Directors whom at least sven shall be Der
residents Of said city -Four Directors shall form
quorum The directors shall elect President and Vice Pres
a IS S M y yams a occ o s sSe' new lFfG
f @ s directors sS al
be- 10 one vote Iea ~ i q cjt
ton and al process against he Company may be made the
P3a Of 70 s 9aess tine once o. the Com
ARTICLE x.
Emile Iasere John NJ Bell Alfred Penn W F. St1rkp
Lionel o Lew j l. Warner T. " I}nrbrige r O. Heller
and Duncan IT. onner shall compose the FIRST Hoard of Direct
ors until the FIRST Monday in Nav 1853 Tie elections shall hi
annual and subsequent shall elected on the irt
Monday IL April Of each year and enter on the discharge of III
duties on the first Monday MAY following No one shall b.
eligible as Director unless owns % shares of stock
,,rrz,, =, =,
aI1LIIL1 Al
tainte Y etee aa not dissolve the on
but the Board once slal the exercise junction
until new Boa can be elected All uocesot election and
meetings. oi be gwen by pHOIcatQn htle
IN advance IN at least TWO Of the newspapers oil New Or
ieaI2s
AhIIoLB ALI
of failure on the mart OF any subscriber TO nav the in
tai+sanis a. s soci ss raiira e toar F ~
or mi
ant esnFsyions notice Or aiysrtise, att coine payfer h
pf aud no sfnrt}oder shall be neriftsd 10 vote willis
IaFsiIit . - "
ueise" .prIe1p..1r
an Aoi4H zAAih'
AT all meetings of thesiockhOlders and Mt all elections
of stock meetings shall
ing diminishing the capital stock Of the Company,
purposes enumerated fifth section the III
Legislature Of Louisiana entitled " for the organatio
Of corporations pubic improv emens utility
approved March 4t 1855 shall composed PERSONS hole
foarths stock Of the Company valid
binding action in the premises all other meetings OF stoeF
Faaa 1Ig1 laE