New Orleans daily crescent., 1858-01-20

ARTICLE II.
The corporation the purpose
river some point the Bay q venosa tie
river 10 he Bay Of entoa according to the
ditions Of said grants Known as the Gsray and s9 gn and
river according the terms and conditions Of SAID grants and
we sgres a5s y % & os beeasr cr M pa
stock upon conditions provided
The caps, stock Of said Company shall be ten millions Of
dollars divided into shares Of hundred dollars each which
5000 shares eight millions dollars subscribed
10000 hse or millions doars shan be Issued as full
paid stock. and delivered g the trustees who now bold
q trust sEseusa sy + HaEggg. for himself and =.
Of the slOO grant under the decree of the Mexican
Government.
100000 shares. ..sI4s
tsr 7r ARTICLE w.
Lists of subscriptions opened the and places
places Directors determine for subscription
dsdneting the subscpton Of those who sign this
charter.
aforesaid follows: per the
ms pe en eg a si IA and % G cd
9 % ae i 81 s as Rai s f. o
be made by advertisements Of not less than sixty
days, in at least two published in New Orleans
ARTICLE VI.
the conveyance this Company BY said Trustees Of the
said rights in said GGrey and soo gan in accordance with
afore millions of dollars Of full paid stock
for The purposes Of said ust and aid stock shall be e9nd
said ad Board of Directors shall further issue
bends Of the Company or one million Of dollars payable
That portion Il n Of .sa s a. bonds nd which, 1ne % M the d s @
contracted under the soo grant shall be p the
whom said trustees by the Of said required
me sq II e 70 e dPa s
stood that Company payment debt
either the said Garay grant except provided in
eighth article Of this charter.
| ARTICLE VII.
No dividend shall be declared the railroad is
pleted The Company shall not derive net revenue greater
o exceed the amount req nired fer the maintenance Of
the road the payment Of running expenses and dividend Of Is
tolls keep the dividends down 10 Is cent per
This tice impose any limitation the of
dividends that the Company declare from sales leases Of
porta,ion of freight and passengers.
| ARTICLE VIII.
The six hundred thousand dollars advanced by p Falcon
net to the Mexican grant paid
BY the COMPANY in is bonds on such terms as may be agreed
the Mexican Government in the net profits as provided ia said
| soo grant.
The business The Company
the city Of New Orleans which shall forever be and remain is
residents Of said city -Four Directors shall form
dent of their body and shall have elect Direct
supply vacancies that occur IN The intervals between the
of stockholders be given in person or by proxy and
eaCn snare snaH 10 OF
f1n a M p9sS u f o III H. Sdr q bs hey & N o H. COM e
pany, in the hands Of any OF its officers
ARTICLE X.
Emile Lasere, John NJ Bell, Alfred Penn W. E. starke
Gne Ley wSns W. G BRdgs s oar e. 3
until the r Monday in May 1855 The elections shall be
Monday Of april Of each yes and on the Ssehsrge Of it.
eligible Director unless he owns Is shares Of stock.
ARTICLE XI. .-.-
failure elect Directors shall not dissolve the corporation
until new Boaid elected. All Of election
al saa e S %
leans.
ARTICLE XII.
In case failure part any subscriber pay
saments his stock required the Board Of Directors
I sna H s for 6s cement Of 3 m T or
out such notice or compel payment
default i .'- ~ '''' '''''' '''' '''-'- WV
ARTICLE XIII.
AT all meetings the stockholders and ali elections
jority Of the stock represented such meetings shall govern
that such meengs called for the purpose of ncra
ohe purposes enumerated in the h section Of the act of tn
Legislature of ouisiana entitled An act for the organization
approved Marck 4 1855 shall be Composed Of persons hold
IL SS take '
P1dng action N m ne al s Shes meengs s 81 s0s
represented shall govern
ARTICLE XIV,
The President Directors power all by
laws for the and regular transaction of bus
hold receive purchase and convey under the corp
properly real personal to do thing
aay LOT he & repair OF a. &c o rae fosa @
necessary determine the line and ocion of the roads, an
purchase all materials machines vehicles Teams ships Fesse
useful fer he purposes Of the Gompany and in general
every thing necessary and proper TO effect the objects Of tn
: tation of passengers, freight and mails,
ARTICLE XIV.
The Directors shall have power appoint all officers and
Of the Company fix their compensation and the
pleasure borrow and issue therefor BoRds
other obligations at such terms and on such conditions
deem best and mortgage the property of the Company
1 ARTICLE XVI.
stated annual meeting Of he stockholders shall be held
s the last years operations business and for the amina
into the condition Of the affairs which meeting full stat
s id messing " lie Plede9i and PiEseoss thsn
call others when they proper, shall duty
time on the written requisiton OF representa-
: fifth Of the stock Of the COMPANY to call meeting of
stockholders to take no Consideration any matter affecting
. Of the Company All meetings of sO -kbodes sh
81 held office of the Company in the city Of New
,s ARTICLE XVII.
+ Certificates Of shall issued sharehoaers
e, ARTICLE XVIII.
for wo l. isbor materials lands effects be furnished
I w s; ~ ,SIl a,nnnnt of be cani,Sl stocL or
Company shall have been exhausted.
ARTICLE XIX.
As II will be necessary TO enter ino some arrangements "
Goys[nmeq Ct Mexico and a, 2 the & United ss stat
joint agents Of ihs Company with n power to agree
either both Of said Governments for such modihcatn
securing full and perfect projection for the rights
interests of this Company.
ARTICLE Xxx. e
the expiration of the charter whenever dissout
the @ 81 sss III i G q9eSSo dRsesy 5 q
is and conduct aaa iqdidaon, such
holders regularly convened for that purpose and il,
n expiration Of the charter majority Of the sockhold
further term he soesholaels dsseeuns rom ssGh arsne enc