New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-06-18

Pacific ocean and Of constructing also railroad from said
dons Of said the Garay and soo grants and
river according grants; and
agree admit associates under This charter such
stock upon theterms and conditions hereinafter provided
r....,,., ..... :, "a d,S.-'.
dollars divided into sharss az one hnndsd doars ah hh
ASsi ~ hs ~ sas mSn " m
and paid for as hereinafter provided
Oo & OF Two .n o. M shall be Issued as nv
% ~. =, sass ~ Y 81 .u,aees m1o nov 5oi1
~ s, y sa ~ I a o sn ~ W. Ieea
spsses a, tne aign.s o. n reonae. nov holder
S.sa'ns-, s'A"' '''e' ''' u nS %sA''"n
ARTICLE Nv.
sha, he onsnsd a, ,hs and ,....
rean,reS NV te terms Of aid rants and ~ rh o,bs, s
places Directors may determines subscription to
So muGn 81 san ssn1 o. sssn soek ~ may remain
hsrr 'ns oi 'n'se VINO now sign 'nis
en"'ei'
AErlcLk V.
time subscrbng per in sixty days feafier ten
per cent IN ninety days and the remainder an called
eaen nor ~ N n o. e SHY Gays ynls or stock
days in at least two published in New Orleans
ARTICLE VI
.he 70 tn Company oy sd Trustees OF the
said deed e trust the Board of Directors shall issue sd
purposes Of sad trust shall &c eonsid
Iii ia pn az ~ u au on ~, NE d
psrpoes trust the eight per cent
%Sn
y q De ssd of le q ne deots and liabilities
a snen aeo ana Liabilities a. 70 The parties 70
convey their sole and Uncontrolled
GscTeen may n1nS proper 70 pay being distinctly under
soever contracted by any company or under
either the said Soo or aay grant, as Is IN liz
eighth article Of this charter.
ARTICLE VII
No dividend shall be declared before the railroad is
than p per cent from is tolls and whenever from
the payment running expenses dividend Of Is
ol so y Iesn bs JviSnds So q, * I'M % o. sne
mum at most - - pa ~
lis lands or any source Of revenue than Tolls for
ARTICLE VIII.
The sx hundred Thousand dollars advanced nv II p E,
ne 10 w ~ r., % 70, ae sloo grant. snail De PAID
on Shd ne v9mpany VIII ITSELF out Of The share
sloo Srsni " W ns p'0n's as PROVIDED ID SAID
~. Annl0Lh "a.
the citv Of New Orleans when shall is ard ~
domic by nine Directors whom shall be per
quorum. The Directors shall elect President Vice
ors 10 supply vacancies that oceur in he ineyyas bsi ~
for Directors and at all meetings
each share shall be entitled o one vote Legal eYyice 81 eta
M az y bis % my ~ nI9 on me
pany, In the hands Of any Of its officers.
ARTICLE X.
Lionel G. Lew j. H. Warner J. ~ IsSdg p g Hh
sa @ e.. SSSa sh aR he st Beard Of ss
annual and each SUBSEQUENT Board shall be elected on h Mira
Monday April year enter on the discharge Of its
duties the hrs Monday of May following No one shall
eligible as Director unless he owns Is shares Of stock.
-. M AkrlcLk xI.
hut he Hoard IN ees shall eontinn III t @ i
sn o Ss Ds s be eos o sgd
days in advance in at least two of the newspapers Of New
ARTICLE XII.
In case of failure on the part OF any subscriber pay the in
se tep DAYS adyesemept or notice IN wpa f ~
Out such notice o. compel PAYMENT
suits and no oekhoder shall be permitted to vote whilst
Default
At all meetings of the stockholders and at all elections
ha sc6 are called for he Of Scfea
Sg or the capital stock Sf the Company o. fo any
Legislature Of louisiana entitled An for the Organization
approved March l4th 1855 shall be composed Of hold
95hs o. NE soek o. e company ~ order 10 ake valid and
snp bll w majority Of those present and
AhrlVLE AF'
The President ana directors shall have power to make all
nes 70 e s pPb quo ap Se Of Sasi
s ~ any s q personal 10 10 .hhg neees
herenbeiore described with as many tracks they deem
Us ali Deerv eon,raetS fo H. n ~ us oaa ano
padcnasy a @ III nesaees leans ships vessels
purposes Company and in general 10 do
thing and proper objects this
charter Including the fixing collecting tolls transpor.
taton OF passengers freg hit and mails.
ARTICLE XIV
Ta Dractors sball have 70 snnott ali oecsrs 49, 80
wants ~ ~ i,ornanv 6S bai, saton 49,, -
AZ nisssnres NAV ba,osy nannv md issna hserr bd %
or other obligations al such terms and on sneh
NAV deem best and mortgage The propey Of ina omnanv
secure he payment thereof VI 'iS company 10
'sN1's '' f' '-> ARTICLE WV
ASi'H 49,
stated annual meeting Of the stockholders shall be held
week before the election Of Directors
the operations and business