New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-11-18

fg according he terms and conditions Of said grants
We Te to M our associates under hs charter such per
Fo and Their ass ID bn hereafter subscribe and pay for
stock upon the terms and TG
r,a.,,., .,,, - .atd r, ba hs ton million. If
dollars divided into shares OF one hundred dollars each which
shsii Dc 9ppsoprtegd Is oiG%s, HL d shall no bta
10000 Ra,e or Two millions dollars shall issued fall
paid stock, and delivered 70 the trusees who now hold
oftruS executed BY p A. HargQas for himself and as
Of the sIoo grant under the decree Of the Mexican
"o'elnAsn''
100 bod shares
ARTICLE W.
Lists Of subscriptions shall be opened at the times ana PLACES
md pace m The Directors NAV determine for subscription 10
after deducng subscriptions of those who sign this
ARTICLE V.
rt =, -, .htzh st,t. .,hs 40, -, .,, =, |
time subscribing in sixty days eafter
For y the Direction Ia nssts not exceeding fen per cent
each at intervals Of loss than sixty days Calls stock
DAYS in al least two newspapers published New Orleans.
ARTICLE VI.
On the conveyance to hS Company s By sd Trustees Of s
said deed Of trust the Board q Directors shall issue 20 sad
for the purposes trust stock shall he consd
cred IN ~ [espees y Psia N cash. Hnd Oh re 81
said purposes # sad rpst the eight Per cent
That portion bonds which under the provisions Of said
Contracted ande tie soo grSat shall be Appropriated to tie
ataeiop aeh debts a9d i3i,ss ~ to Tie parties t.
convey same exercise Of their sole uncontrolled
discretion may think proper 70 pay II being distinctly under
tooa tnat nih S9'Ipany assumes e pay e ~ ~ eot m,Ss
Sever son WIN a. 2y Wy Sopaay3 ~ Il PeaI Pe
sishth article d this charter.
ARTICLE VII.
pted b caany b lot derive net rgySpae Greater
% ai se exceed Ss he monn re"Tirsd for tie ai4eRence Of
e road The payment Of rnapqg expenses and dividend Of Is
tolls keep the dividends down to Is per cent per
ydsnds that the Company declare from ses leases Of
" aas o a{ 5onGg q ois iof
p'' 'a'''' VI 's"' '1-1 pr'15. 45
.... ARTICLE VIII.
net NJ the Cove emit or oo Grant shall be nGI
by the Company IN its bonds on uch terms rs may be agreed
@ ss @ @ the 8e p5 as SI o. dee IA sa
300 grant ,pr,c,r ~
ANiioLE -
The business Of the Company shalbe conducted office
domic BY Directors Of whom al leos per
= 'S INV nirsrors s alar n Prsfan and Vice Prssj
Of Their body shall power Direct
Atm elections for Directors and at meetings
q EotsS may be given il person Or d x and
Ion and ali process against Company may
President person his address the Com
1any Ia The hands Of any Of its officers.
ARTICLE K.
mi's 4aee J1hV 8 M Be' A R3r FePn Sisj b
ghd Duncan r. compose the Board
s until the Monday May 1858 The elections shall
p each subsequent Board shall be elected the third
Monday Of Rf Of sSe ye9 S and ss On the SsGharE Of rs
eligible as Director unless owns % shares Of stock
f,I y, ect Drscta Ia All mi the cor,oat,on
B6eF % f @ soan S sSss IF ~
s Board be elected Al notices Of election and of
meetings Of al BE- given By pgbeetqg fifteen
hgs IN advance an Oh 'he newspapers Of new Or
ARTICLE XII.
~ e bi io as Ie@ira ,f j9T ~ NJ y
seF %dysrssm9l 3 3otSs in writing forfeit
socS at @ ~ aiice 3r s3ay cSI ayI I'm ~,
;
default. ,,,rr,r,,,,,rr
ARTICLE Kill
that such ngs called for the purpose of nerons
ior dmnisns Tue eapi StGe me I0nRn{, or o ey
egssnFe Of Loa5ag entitled s An GG The oGnii1o9
proyed March IAN 1856 shall he composed Of persons hold
their right agents for others, AZ least three
of the stock of the Company in order to take valid and
holders and all elections, majority of those present
represented shall govern
ARTICLE XIV
laws necessary for the proper regular Of
ness to hold receive purchase convey orpo-
rae name any property personal doauy Thing
say construction repair maintenance of the roads
hafeinbefoe described with as many tracks they may deem
T. make ali necessary contracts for the purposes
sn al FIVE SR them
ouaefa m the Of the Company and general do
eEsry hmg hgfgssg h1 p09gr ~ e9se f t %oeG al s
tatfoh Of passengers ife'snt ana mails
The Directors shall have power appoint all officers and
wants Of the Company Tx their compensation and remove them
or other obligations
may deem best mortgage the property the Company
secure tie payment thereof
ARTICLE XVI.
tstod ,,ro ar No s,a al s held one
frn - AZ nirsntnrs to rocaf,ia ~ rsnort If
t md hnsiss and fnr tba
flr which
fs ii INC 6narn and other affairs of the Company shall be
President tn
t,a prai a
aiS ,tare ] s tI,inll rrer and II s,,oIi s e any "
@ ie ON he written Of
49, RetV 81 no st,c ~ ~. iTinnx to ca ,Tasiin, If 3s
u ~ iH M cng INV mat III
interest or nf
the nhice nF he of Or
- AkIleLE AFIl.
Stoek BOOKS snail be kent in the Offices OF the Company
Cefaeateso oG snail e issued to the shareholders and 9
transfer Of STOCK sha be binding on the Company until Inad
on its stock BOOKS.