New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-06-14

be accomplished BY Copsny great
credit Of This Bosrd. therefore be II unanraoasiy
Resolved, Thst this Board lhe hereby
Rssol,.a ina. III. member. "a. B,..s ..v.,., s.r.s,
resign ,hs her.
aissre1t newspape.. ~ this city.
- 800. --- -'''-' 10 ''' no
certify the foregoing 70 be copy from minutes
CHARTER
-or rH-
S@A''A-'A AHno AniEfEC COhfAN1.
ths unabridged having agreed to uuis. for The eou.se
~ na o,ssf seross the ishns
hat PURPOSE y he Mssican Government sry add
vdd have psspo.s 70 form
% y iss q The state q ioassna Of The
corporations works pubic M atly M
we az now subscribe 70 and agree the following charter
tow1t;
ARTICLE I.
Company and by that name 81 ii have snd
6rsf 10 have ana 70 enoy v he, c-rsss -,
oe sued IN their corporate nane third to make and
sr . Ioa 70 bold rsesy sna
name sna sppGas sseh snd oss
such bylaws for the proper manaxsmen and rega
2, 'h' AnA'' Of me .. may De ana
ARTICLE II.
s,rnrs,n o csia s s ,h o W Pdspoe % eJn
cosaeoaieos 10 some point No on IL Bsy q vsate
coszaeoacos Bay vsnosa according The
sn,oSng And eosds :, rs s,s na AZ sna
ye2 according 70 he ssms and eaedons Of AID III
so me- bs es % Par
''0ek upon 'he terms Aha provided
ARTICLE III.
The cspi's stock Of said Company shall be millions
divided pio shares Of one hundred dollars each which
So oco shrsS Or eight mIiiion. of dollar. shall he ,c,
on ooo Ano pa'a Io a ne5eansiier p5osasd
w nd - go ~" ~" , y ~ ~ s % ,s"s = III
,i,I IA "a IL s US assrss wao no. soid
w ue :, $50 ~ aaa aoo srsna Iaasr me geo
psnns s a. lot nss IA :.
Of the soo grant under the of the Mexican
Government
aprrcrvrv
required BY he terms q said grants and sueh other times
20 much Of aid eight mions Or eash s,eI s re.
charter - v 's Vs. Nv So ms
ARTICLE v.
70 Dc made on the cash stock subscribed and 70
time Of subscribing; per sky days rsfier ten
he Dsa os a S
s. ss a q not G % stock
ARTICLE VT. It,a
On the conveyance to this Company By saId Of The
rights aray sloo grants IN accordance viii
said deed trust the Board OF Directors shall issue 10 said
for the of said and aid sock ba r. %
cred in al respects paid cash and the execution Of
said Trustees for the Of said the eight per
bonds Of the Company million dollars.
That portion of said bonds which under the of said
trust Is the payment Of the debts and liabilities
grant be 10 me
satisaction or sueh debts and ilaies a. IL M arfiea
whom sad Trustees are BY the terms Of said trust reoured 10
convey same of
discretion may think proper to II being distinctly under
STOOL that this Company the OF debt what
either the said soo aray grant, except as roydedn the
eighth article Of this charter.
ARTICLE VII.
x.s,.,a.ns ..., :. asa,0saa -, ~. a., .rs
pleted The COMPANY shall not derive net revenue greater
whenever the from
tolls shall exceed the amount reuujred for the
running expenses dividend Of Is
per cent per annuu there shall be 4 aaabe dimion Of The
tolls so rs 10 keen the dividends down 10 is pe cent pe
This shall impose any limitation on the amount Of
Of
lands any tolls for the
portation of freight and passengers.
..-,c, n nv,
ARTICLE VHi.
The six hundred thousand dollars by p Falcon
the Mexican sioo grant be paid
BY the company In It's bonds such terms a may be agreed
and the Company VIII reimburse itself out OF the share Of
ne hexcn nment In the net pon as provided in said
800 grant,
ARTICLE TX.
The business OF the Company shall be conducted
the city Of New Orleans which shall forever
residents Of said city Four Directors shall
quorum The Directors shall elect President and Vice Pres
DEM out OF their body and shall have power to elect Direct
~ 70 suPp3 N me oeiMeen ,he
=. NJ anu - ~
~ ps sven ~ PEI 2. " pIoxy anu
oe " os es o. ca-
ton anu M process ne company may ne made on the