New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-02-17

river point Bay Venofa tie
Coaacoacos Bay of ventoa according
ENJOYING ard Conducting The navigation Of aid Coazacoscos
river according to the terms and conditions Of sad and
and their assigns shall hereafter subscribe and pay
stock the terms and conditions hereinafter provided
ARTICLE III.
TIE caRa stock Ct sad Company shall be ten millions Ct
shall be appropriated as follows viz:
$1,000 shares eight millions dollars shall be subscribed
and paid for as hereinafter provided
10000 hae Or two millions Of dollars shall be issued as q
Inc title to said Garay and sioo grants under the deed
Of trust executed by p A HaTgous for himself aud
OF the sloo grant under the decree Of The Mexican
Government
100000 shares
ARTICLE ".
Lists Of subscriptions opened the times and places
and places the Directors may determine for subscription
after deduetng the subscriptions of those who sign this
charter.
ARTICLE V,
The payments made cash subscribed and to
be subscribed aforesaid, follows: the
per ninety days thereafter and The remainder called
each nor at intervals Of less than sixty DAYS Gals for stoc
shall be made by advertisements Of not less than
days least two newspapers published in New Orleans
ARTICLE VI.
the conveyance this Company by said Trustees
said rights said aray and soo grants
Trustees the aores aid millions of dollars OF full paid
oa su y, o fsi a ~ stoSa sai pe
said yance raid further issue 10
said Trustees for the of said trust the eight per
bonds of the Company for million of dollars payabe
tras be used for the payment Of the debts and liabilities
contracted under the Soo grant shall be appropriated
nv The he Exercise Of tbsir sole ana S
discretion think pay: it being distinctly under
stood that This Company the payment of debt what
either the said soo aay grant except as is provided in the
eighth article OF this charter.
ARTICLE VII.
.ba11b FIR
peed The Company shall not derive net greater
to Shall Exceed he amount REQUIRED for The ainepance Of
the road the payment Of running expenses and dividend Of Is
tolls 10 keep the dividends down Is
Ibis ace sha not impose any limitation on the amount of
dividends that the Company may declare from sales or leases of
portaton OF freight and passengers.
ARTICLE VIII.
The hundred thousand dollars P Falcon
the company its bonds such may agreed
sloo grant.
The business of the Company shall be conducted office
the city OF New Orleans which shall forever be and remain its
malen residents Of said city -Four Directors shall form
DEM of their body and shall have power to elect new Direct
supply vacancies that occur IN the in ervas between the
OF ;o9khoerS votes may be given person Or by proxy and
each SLY sia ue y ue Note Legal service Oh
President or h address the office of the Com
/
ARTICLE X.
Emile Lasere John NJ. Bell Alfred Penn, W E. Starke,
Lionel c, Levy, j. L. Warner, J. W Burbdge p O. Hebert
or until the rst Monday in May 1855 The elections shall
Monday Of Apr Of each YEAR and enter on the dsc6nrge it's
duties The first Monday of May following No one shall be
eligible Director unless he Is shares of stsck
ARTICLE XI.
failure 70 elect Directors shall not dissolve the corporation
nn new Hoard can he elected All notices Of election md Of
meetings Of soekholders st be given by pnecagqH h'een
leans.
ARTICLE XII.
In case of failure part any pay
smen on his stock as required the Board Of Directors may
after days advertisement notice in writing forfeit the
out previous advertisement compel payment by
SUIT; and stakeholder shall be permitted TO vote whilst in
default
At all meetings of stockholders elections
except such called for the purpose of neess
ing or Diminishing the capital stock O. the Gonpagy or oF any
Legislature Of louisiana entitled An for the organization
March 4h 1856 shall be composed Of persons hold
g IN Their own da Eh OF oDan p oT Ss al S Rs
binding action in the premises at all other meetings Of stock
holders and ali elections majority of those present and
represented shall govern.
ARTICLE XIV.
The President and Directors shall have power make all by
laws necessary for the proper and regular transaction OF bnsl
hold receive purchase and convey under the copo
sary for the construction repair main
egsfgpsd WITH s many tracks as f4sy may dee
to make all necessary contracts for purposes aforesaid
and steamboats aud all de, med BY them
usefn for The purposes Of the Company and in general to
thing and effect the objects OF Thu
charter including the fixing and collecting of tolls for transpor
tation Of passengers, freight aud mails
ARTICLE XIV.
The Directors shall have appoint all officers and
at pleasure may borrow money and issue therefor bonds
obligations such aud such conditions As
deem best and mortgage the property OF the company
secure the payment thereof,
ARTICLE XVI.
uf he
the election Of Directors receive the report
into the condition Of the affairs at which meeting full stat
OF the financial and other affairs of the Company shall
laid before the meeting President and Directors
Office BESIDES this meeting, the President and Directors
any lime ON the written rea Of representa-
oneCt Of the stock Of the Company, call meeting of II
e held at the office Of The Company in the city New
, BEANS
ARTICLE XVII.
Stick books shall be kept the offices Of the Compan
Certificates Of stock shall he issued to the shareholders
transfer OF stock shall be binding the Company until mac
n ARTICLE XVIII.
The Board of Directors shall authorized to contract special
for work labor materials lands and effects to be furnished
the COMPANY IN whole or in part in The sosk S
= | Company shall have been exhausted.
II ARTICLE XIX.
As ii will be enter into arrangements wi
Mess1s Emile asee and j. Benjamin are hereby made
either or both of said Governments for such modification
amendments and changes in said grants most jul
la interests of this Company.
y ARTICLE Xxx.
the expiration Of the charter whenever the dsolu
of corporation saal lis liquidation necessary, Thu
commissioners shall be elected by the stockholders whose dt
it shall be take possession the property of the Gompa
and conduct its.busiess final liquidation such terms
such shall be determined By meeting Of stot
holders regularly convened for that purpose and H. at
prat0n of the present charter majority OF the stockhode
amount and number, shall desire the same TO
"a the stockholders dissenting from such
shall be bound transfer their stock those desiring the
newa its fair value, be affixed by appraisers mutua
~ chosen for that purpose.
30 New 0rlesas, July so, 1857.
" Emile IaSere Fifty shares.
Juhn NJ Bell tlIlH hlhfts.
J. w. BuTbTidge. .....,.........-.. Fifty shares.
>. L. warner. fllt5 shares.
Lionel G. Levy. ACKNOWLEDGEMENTS Fifty shares.
W +. starke OBSERVATION-DISCLOSURES Fifty shares.
r.
". Alfred Penn. pro- Emile IaSere Fifty shares.
o. John slide, per pro- Emile LaSere. Fifty shares
lie p. A. Hargous,
BILE Per pro J. P. Benjamin. One hundred sha
al D. r. bti1hllh.E eihfrS.
! J d. nenegfe.. .s..-. MY silafes
du P. o. Hehert.. FIFTY shares
The undersigned Recorder Of Mortgages in and for the