New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-06-21


The capital stock Of said Company shall be ten millions Of
dosI divided into hAesof hundred dollars each which
5000 shares eight millions Of dollars shall subscribed
a. ooo snd paid for as hsEeinafter provided
paid stock and delivered e the trustees who now hold
of by r. A. Hargous for himself and a.
IspTssesiins the rights Of p Fseou5ei nov holder
Government.
10000 shares.
ARTICLE ".
Lists Of subscriptions shall opened times places
ans ee he peo ma. desne FOR e.n5 70
80 mneh of said eish. millions of cash stock remain
charter.
ARTICLE v.
The payments to be made she cash stock subscribed
be subscribed aforesaid follows per the
time Ten per cent in sixty days rsaer ten
FOR by the Direction IL ntments exceeding per
shall be made by Il not less than sky
days in at least two newspapers published in New Orleans
ARTICLE vi.
conveyance Company by said Trustees of the
sd sa 81 sa gs s s4s IS s se.o & With
Trustees the two millions Of dollars OF f paid soek
for the purposes Of said trust and said stock shall be
aid Of Directors shall further issue g
bonds Of The COMPANY for one million of doisrs 5e cent
That portion Of said bonds which, under the provisions said
contracted under the soo shall be Appropriated
whom said by trust required 10
convey the the exercise Of their
Stood that this Company the payment debt what
either the said soo a2ay grant except as Is IN ss
eighth article of this charter.
ARTICLE VII.
No dividend shall declared before the railroad Ia COM
pleted The Company shall not derive greater
than IS per cent from its tolls and whenever the receipts from
tolls shall exceed the required for the OF
the road the payment Of running expenses and dividend
tolls 50 as TO keep the dividends down to Is cent
Article shall impose any limitation on the amour. Of
tha the company may declare from sales leases Of
portatiOn offreight and passengers.
ARTICLE VIII.
The six hundred thousand dollars by p Falcon
BY the Company bonds such terms as may be agreed
n Sna s S IN I'M @ s out Of The share
Sloo grant
ARTICLE TX.
The Company be conducted at Its Office IN
the city Of New Orleans which shall be remain
manent residents Of said city -Four Directors shall form
quorum. The Directors shall elect President Presi,
to supply vacancies that in The between
of stockholders votes be given person proxy
each share shall be entitled Legal service OF
President person etto his address the Office of the
pany, in the hands of any of its officers.
ARTICLE K.
Lionel Levy j. L. Warner j. W. Burbridge p o. Hebert
until the Monday in May 1855 The elections shall Be
snnu a9d each Board shall be elected third
duties on the drs' Monday of May following. one shall
eligible as Director unless he owns rs shares Of ssck
~, ANIICLk AL.
IA failure to elect nreet1s shall no, dissolve the corporation
nu me bo IN ounce shs continue the exercise o. its functions
new b1ap eSh DC elected Al notices OF election aud Of
advance least two Of The newspapers al Nav or
leans -
ARTICLE XII.
In case OF failure on tue part OF any subscriber to the in
a ten days advertisement or notice in writing forfeit the
soek aI ei u ior ing dement, Oh me Company or may with
SUN anu no hlockhoiuer snail De permitted TO vote whilst In
deiault'
ARTICLE XIII.
Az oil r,oen,s or Il, s,o,t .,a =, Al, ,.,,. . -
IL; ~ ~ le y, Au ~ ma.
yoy n ii Ia, .s tS % NJ sG s mfegs sns govern
ing or diminishing the capital stock Of he or for anv
Legislature OF louisiana entitled An ac for The
Of Corporations Tor works Of public ana ntily
approved i4h 1855 composed OF persons hold
ing in their right for others three
ourhs OF the STOCK OF the Company in order to take valid
binding action in the premises at All other meetings of stock
represented shall govern
ARTICLE XIV.
The President and Directors shall have make all by
laws necessary for the proper and regular transaction of bust
hold receive purchase convey under the corpo
rate name property real personal do thing
herenbefore described, with tracks they may
necessary 10 determine the line and location of the roads, and
purchase al materials machines vehicles teams ships vessels
or useful for the purposes Of Inc and in n a.
every thing and proper 10 effect The objects Of mis-
tation of messengers freight and mails - $500 1920
ARTICLE XIV,
vsnts nT ~ t,nany S i 2 ~ "a a1 ser
nj Measure NAV bornvy money md sse bsrsfr bnJs as
80 -, hasa M ,a,,. % s ~ su ~ ~, ~
ssc,re he yn,snt thersn PP'i' VI 'e COMPANY "
IuTIcIE WV
A41iiOhh ANl'
stated annual meeting Of the stockholders shall be held