New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-10-15


SeT according she and conditions Of snid
and their assigns r. shs! hereafter u6seri6e 95d
ARTICLE III.
The capital stock Of said Company ha BE ten millions e
dollars divided shares Of hundred dollars eSh which
sha2es sigSt millions Il dollars shan be subscribed
10000 sRa e o. # two Millions Il doars shan be sd ran
title Gsray and sioo under the deed
of trust executed By r A HaTgou for himself and IS
u lie soo grant under Tie decree u Mexican
Government.
100000 shares
Lists subscriptions shall opened at times and places
required BY Of said grants and such othsr times
60 much Of said eight millions Of cash stock as may remain
deductng the subscriptions Of those who now sign this
ARTICLE v.
The payments to he made on the cash subscribed
be subscribed aforesaid are 70 fellows ten PET cent n hs
time Of subscribing cent in sixty days
FOR 81 Direction nstAaeuts exceeding
each NOR # ba f T made 81 @ 81 not lew than sky
days at least publishedin New Orleans
ARTICLE
On the conveyance Company by said Trustees Of the
@ 5 asa sd sFg Ba and s scoqs sa & e
ste he sfoesid two millions Of dollars Of full paid stock
for the purposes Of said trust and said stock shall be con
said raid Board Of Directors shall further issue g
bonds the Company million Of dollars payabEe;
trs &c assd fo9 Tie psymeh Il tit debts aid liabilities
contracted uDdeE the Size grant 5h b @ t. re
whom said ustes BY the terms Of said e
5 ,bt bi Co5apv n he IF no ds5t what
either the said sQo aray grant, except as is provdedin the
ARTICLE WI.
No dividend shall be DECLARED before the Railroad e eo
pe o aPe GSPS@y s os n nd eeg rom
tolls shall exceed the amount REQUIRED or the maintenance q
pet per snnu there shall raabls diiaution q the
tolls keep the dividends down to u per cent per an
This aee not impose Limitation amount oE
is any source Otherhan tolls for thstrans
portation freight and passengers.
ARTICLE VIII.
The hundred thousand dollars advanced by F. p Falcon
net to the MsSiean oye nsn ioT grant h4 BE- paid
Oh and the Company viii reimburse itself
in the profits provided ia said
slOo grant
the city q New 6Tiesns which shall forever be and remain
domic by nine Directors oi whom at least seven sAa be per
quorum The Directors shall slsc President end Vice Prss
animal elections Directors nneengs
stockholders votes may given Or by proxy and
each share shall be entitled 9 one vote Legal service Of eiA
person OF lefto Ms az the office OF the eo
ARTICLE K.
Emile Lasero John NJ. Bell, Alfred Penn, q s5 7
Lionel e Levy L. 8srPer J. W. BaFhridgs 3 o. .; hsssT
until ne hrst Monday in May l8S8 The elections shall b
Monday Of p q W zach a gn se n NJ q L
eligible director unless he owns % shares Of stsek-
ARTICLE II.
@ a9 fle ce bn Continue The Of its
Board be elected All notices of election and d
days advance, the newspapers Of New Or
ARTICLE XII.
Of q5s eP @ aP Il. oPd s. 2agta a +
slt G or oties IN tinr forfeit II
sell for the benefit Of the Company OF With
suit aud stockholder shall be permitted vote whilst
ARTICLE XIII.
At all meetings Of the stockholders and At 81 elections n
9fy 81 b iinIs are rNe for he pTpgss Of 1eFa
ing ordminshns the capital stock q the Company OF or a.
Legislature Of Louisiana entitled for the organisa
Of aas Il 6 be
IN If 9 e i9F s 9eeI S
binding action IN 9e N 6 9,n 81 boss rsnt u
ARTICLE XIV.
The President Directors shall have power omake al b
for the and n sEss sa
rata name any property real or personal any thing
sry he construction, repair maintenance Of the roac
necessary determine the line and the roads an
purchase a materials machines vehicles teams ships vese
and 200 aud an ~ P SanT ~ II General 10
every thing and proper 70 effect ne objects q g
tatton of passengers, freight and mails
The Directors shall have power to appoint
wants Of The Company their compensation the
or 6her obligations and such conditions
may best and mortgage the property Of the Company
ARTICLE XVI.
lie election q Directors e receive the report
the las. geaE5 @Pe9a a ana al ea o f M
Ike financial and other affairs Of the C0mpan5 aal
Office Besides meeting, President and Directors
s 3ns % h
one nth stock of the Company, call meeting Of
;; leans is.O ~ W '-,ss = - -, = :,
81 Sck books kept in the Offices Of the Compa
Certificates Of stock shall b issued to The and
nero Of stock shall be binding on the Company until ma
ARTICLE XVIII.
The Beard contractspecia
work labor materials lands and effects t. be h
Company shall have been exhausted.
ARTICLE XIX.
As it will be necessary into some arrange
the Ct Mexico and that G s hereby made
joint agents the Company, with full power Q a5ee
and CHANGES in said grants may most ju
ou for securing perfect protection lo the rights
ARTICLE Xxx.
expiration # The ehafF e. III
shall by the Stockholders whose d.
n ha be e rs" saess aaa
such manner # shall ne degnlsa t ~ sss INA It
aspiration Of the present charter majority OF the s9eA
further term the stockholders dissenting from saeh
neWa at fair yne, to be affixed by appraisers nutna
chosen for that purpose;
,en EmlieIa$ere. Fly Fly shares shares
i ) W Bnr6rfdEe. Filty shares
lionel IN m g. levy Fift3 shares
v f. St4rks . Fly shares
Aired Penn per pro Emile iaSere Fifty shares
John sdelI, per pro- Emile I.sSere. fifty shares
Per pro. j. P. Benjamin. Ore hundred shs
j. z. Benjamin lLtt alitfes.