New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-10-27
ARTICLE L.

The SAID corporation established for the purpose Of
STRUGGLING carriage road from the head navigation on the
Goatzacoacus river point the Bay Ventoa in
Coazacocos river to the BAY Of Feno.a acodiS The con-
diton Of said grants known the aay and s2o grants
river according the and conditions grants and
we agree admit associates under this charter per
sons and their assigns shall hereafter subscribe and pay
stock the terms and conditions hereinafter provided
ARTICLE III.
The capital stock of said Company shall be ten millions of
dollars divided into shares Of hundred dollars each which
$4,000 shares eight millions dollars shall be subscribed
and paid for as hereinafter provided
paid stock and delivered the trustees who hold
Of trst " b ~ a9 ~ qer ne Geo
TspFsegting the rights Of + p Fslcopget now holder
Government.
100000 shares.
ARTICLE ".
Lists subscriptions shall be opened at the times places
T9TeG oy NE terms Of sad grants and at such other times
much Of said eight millions cash stock may remsin
charter.
ARTICLE v. .=..
be subscribed aforesaid follows: ten per
time OF subcdbng ten cent in sixty days tn reafer
for BY the Direction in nstamens exceeding per cent
eeh nor at intervals Of les than sixty days Calls stock
days, in at least TWO published New Orleans
ARTICLE vi.
On the conyeyance 70 ths Company by said Trustees of the
said deed Of rns the Board Of Directors shall said
for the purposes Of said and said stock shall be
cred in All q # paid Il cash and on the execution Of
said Trustees for the purposes of said trust the eight per
rial portion Il Via bonds Which, under the pfdySon q said
trust Is to be used for the payment Of the debts and liabilities
satisfaction Of such debts and liabilities the parties
convey the same the of their and uncontrolled
discreet may think proper to PAY il being distinctly under
?ever CONTRACTED by company person
eighth article Of this charter
ARTICLE VII.
No dividend shall be declared railroad is com
than is per cent from It's tolls and whenever tie from
tolls hn exceed the amount required for the
per aurn, there shall be rsabe dmiluton the
This fce shall moi impose any limitation on the amount of
its lands any Of other tolls for therans.
poration ofireight and passengers
ARTICLE VIII.
The six hundred thousand dollars advanced by r Falcon
to Mexican Tor the oo grant shall be paid
on Company will reimburse itself out Of The share Of
the Mexican in the net profits rs provided ia said
ARTICLE TX.
the The s n 81 Ss s G2mRf S " S4ed oe r.
omc nine Directors Of whom Mt least seven RaII he ner
maaen residents Of said city, -Four Directors shall form
dentout of their body and shall have power Direct
at SSr u ne IN etyas between the
Of stockholders votes may be given in person by proxy and
Pdn IN lbs Sr Y m y Ne "a on the
pany in the hands Of any OF its officers.
ARTICLE x.
Emile Iasere John NJ. Bell Alfred Penn ". f. storke,
Li9ns Q. Levy J. l. Warner, j. w 5nrbridge ? o He6ert
until the first Monday in May 1858 The elections shall
MG3a"S 81 A o. SMa ys 9 ge On the HSenare of It's
eligible as Director unless he owns2j shares of stock.
ARTICLE XI.
failure to elect Directors shall not dissolve the corporation
until new Board can be elected Anstces Of election and Of
meetings of stockholders SHALL be given by publication fifteen
leans.
ARTICLE XII
of failure the part any subscriber to pay the in
after ten days advertisement notice in writing forfeit the
out pre- compel payment by
default.
ARTICLE XIII.
Atall meetings the stockholders and all elections
except that such called for the purpose of ncrcos
~ 5S S%N Fl Ie IOPy or GT %Rs
Legislature of Louisiana, entitled Auact for the organization
approved March lh 1865 shall be composed persons hold
S Z @ Of 5 omD 2r oF 9ieS q k e @ 3
binding action in tue premises at all other meetings Of stocks
holders md at all elections, majority of those present and
ARTICLE XIV.
The President and Directors shall have power tomake all by.
laws for the proper aud regular transaction of bust
hold receive purchase and convey under the corpo-
ary for The construction rena or main enancc Of The roais
herenbefore described with IS many tracks they may deem
make all necessary contracts for the purposes aforesaid
purchase NIL materR machines vehicles ens ships vessels
and steamboats,, aud all eqnpmes deemed by them necessary
net for the purposes Of the Company and general to do
charter Including the fixing and collecting Of tolls for rauspor
"tion ofpassengers, treiEhtnnd mails
ARTICLE XIV.
The Directors shall have all officers and
nj pleasure may borrow money and issue therefor bonds notes
or oHe o3sn7 ~ sgcm terms ana on such as II