New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-05-26
ARTICLE III.

sach bylaws for The proper anseseni and rsTua
ion Of the affairs Of the corporation be necessary and
ARTICLE II.
The said corporation Is established purpose OF
oafsseoaicos rivsf 10 some poi on he Bay q Ysntoss
sSd Of CO.. . q .e from sd
ions Of said grants known the Gsrsy and oo grants and
seeordnr to he terms and exhibitions Of sad grants
admit associates under his charter such per
'ock upon hs and conditions hereinafter provided
ARTICLE III.
The capital stock OF said Company shall be ten millions
dollars divided hundred dollars each which
hall be appropriated as follows, via:
and paid for as hereinafter provided
paid delivered q he hod
me title % said aIag and SIoo grants under the deed
representing the right. Of r. Faconssi holder
of the sloo grant under the decree Of the Mexican
Government.
10000 shares.
Lists Of subscriptions shall be opened the times and places
.esnsd y as tern. O. ssd grsn and a such other ms
so much Of said eight millions Of cash stock rs may remain
after deduetng the subscriptions Of those who sign his
charter.
The be made the stock subscribed and
sn ps are s IS s, % si @
cent IN ninety days thereaer and the remainder called
each q lss than sixty days Calls stock
payments shall be made BY q less than sixty
N--~---s
ARTICLE vi.
m An. .ox.x.n.. ~ ~, ,,,r.nv h. ala 1..s ~ H.
ssd g u said s.r1y and slpS grants, e seeosdanss yh
Trustees the aoead two millions Of dollars Of full paid sosk
sysa m All ~ maid n ch. and on hs az
MD sd ROAD of rsetors hail fnhsr sane ~
id Tn, IN ,h ~ aid sp.., hs ssg, ns cs
bonds Of the Company one million Of dollars psyabie
nsi poqn o. ssa bonds wSca anseI me % q sss
tne Sioo snn oe 70 me
mid me o said s %
dscresn may think proper pay Is being dstney UNDER
s'ooa mat ns o%%pany ,ne pay MEM % aeo' wns
the said oo Or aIay gao As Is provided IN Inc
eighth article Of this charter
x,,.,s.s .,.u =. asa,...a 49,. -. ,.,..as \.
plsed The Company shall no. derive ne. revenue greater
than 10 per cent from us tolls and the receipts from
@ cr"t ner esam here shall be rasahle q he
tolls 20 as 10 Keep the dividends down 70 Is per cent per an
mum At most most. -. !,
dividends Company declare Of
portsaon freight and passengers
s,,0.,.d "a Sol.,. aav.n..a r.,,,,
nv ~ ~ ss'eeu " r. e scvn
nv ,b IN s Sons on saeh - NAV he
on and me Company VII s. OUT o. ne share q
we IN inc net p'oos' Is IN Aau
AHrrcLE *.
The business he shan r T. Lat Os
domie by nine Directors Of whom least ssa be
out of their body and shall have TO elect new
o TO SUPPLY vscAaee 1ec ~ ;as N evas osiwesn 70.
W i - 49, ~ q - 4, easer ~ - @
- aro ~ snt;iIsd ~ ono vot ri sgsi ~ ,,s
lion ana Az he may e made on the
Oany in the hands Of any Of its Officers
ARTICLE K.
on n ~ sr shls KY % E az n
until The ar Monday in May ISIS The elections sh, g
Manday 81 April Of each YEAR and enter on The schsrge Of ia
duties On ths drst Monday Of NAV oIowine No one shal L.
siieble as Director unless owns IS shares Of ssck
ARrroIR xr.
-. AM Al. =, -
failure 70 eject rsc'1s shall no, dissolve me
until new Boa can be elected All notices 81 election and o
meetings Of stockholders snail BE- given BY paSespS issn
leans
L I.4.f Aurrcr n xrr Il1s
,.,,nr. a., ,hs a.rt =, .nx ..c,,., 20 ~. ,D
aments on his stock as required The Board q Drssios may
AFTER ten aays savsE,Ssme os noses II ws forfeit h'
out such soes Of Err eops, % p
defaat. u No ''>1'' 'ANN '' p'''' WINES
ARTICLE XIII.
Az M @ s ~ eb
that such NEE nss are called Tor the purpose Of
n op he capital stock Of the Company or for AMI
the purposes fifth section Of the Of thu
Legislature Louisiana entitled An for The Organization
approved March 4 1855 shall be composed of persons hold
Of ne STOCK o. ,ne 70 order % TAKE ssa an
binding action IN ne PREMISE AZ NJ othes meenss o. ock
holucfs anu ~ H eeci"h maturity Vi 'nVse present an
represented shsi govern.
| ARTICLE XIV.
The President and Directors shall have omake all by
laws necessary LOT the pIopet hnu unsAeton OF ou
ness 70 hoo Ieceiss puense Nu ehsey uhue .ns coz
ale name. An5 .e"i ~ " " ~, INN, ~ h
ary Ier tne eosu l, ep4n .. ehsS u ,ns Ioaa
heeinoelore aescr,oea Win rs many tney may uesi
necessay 10 se s ~ ' ~, e ~ 'ns aoaa =.
70 mas Nj ne.essas anh;ns Sahi.i p lbs,
purchase ~ eae,ss ses sn,p sssse
or useful purposes the Company and in general
every ming ~ nm pua 5 oiI ~ ,i H. an NJ
ts,ian az nsssengers treioht and mails :
'A''on u p"''e"se's' ,,,,,, n ~,
| - -. 4, =, :, an ioi-h Nv. -. -, : q. :, =
rhe Direc'ols suh poseI ~ hppo. MI oeers anu
wants OF the Company nN the ana remove th
at pleasure may Dotow money anu issue oohus nol
or other oohgatons AZ scn tels anu on scn
may deem oesi anu inc piopev u sne company
secure the payment theteoi
ARTICLE XVI.
stated annual meeting Of the shall be held
sek hsfoe the election Of Directors 10 receive HE report
no ia sar and business and for the
the condition of whch
81 me financial and other affairs of the Company shall
laid bore The meeting by the President and Directors then
OUNCE .he ~ ~ M ~
cali otnets wheh my n,a Wv = a DC nel,
any ntne' vn ,he N ~ - %
~ ~ = into 90 ,ia, a. ~
81 he COMPANY All meetiuTs Of So kholers 81
nea al 'ns oHee Vi inc 0'pAnS' IN 'ns ei" " new
4 " WHY
| -. - =, =, =, = a, -. -,
rs ~ az % =. Wy co'nPa
transfer Of stock shall be binding on the Company until
. | on its stock books.