New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-09-01

OF tue 500 grant under the decree OF the Mexican
Government.
10000 shares.
ARTICLE ".
Lists Of subscriptions shall be opened the times and places
g se n Be 81 sa ets nm = slSG ops5 IeS
much Of said eight millions Of cash stock may remain
charter.
The payments subscribed and to
subscribed aforesaid foows per cent at the
time Of Subscribing ten per cent in sixty days
fo by the Direction in inaleuta not exceeding per
payments shall Be made # not less than t
days in at least two published in New Orleans
ARTICLE VI.
On conveyance Company by said Trustees Of the
ad T aa y sat ar9y sna soS II ascoanee With
Trustees The afoFead o q dollars Of full paid stock
eTs5 m All rs5peets a. II pad eashe mi n Nv ~ n
said Sonysyane aid Board o shall further issue
bonds Of the Company one million dollars payable.
trust Be used for tue payment o Tie dsbts and abisa
contracted urdsr the soo grant shall be appropriated e. the
whom sad Trustees b me terms Of said trust required
stood hat tf Company assumes e # no debt WAT
Sewer Contracted by aF company or persons under
either the sd Iqoo ay grant, except proydedin the
ARTICLE VII.
No dividend shall be declared before the railroad f.
than Is per cent tolls and ereceiptsfron
tolls shall the amount required for the
per cent annum there shall be atabe dmihuon Of the
Ols SO keep the 70 10 per Cent
This article shan not impose any limitation On the amount Of
it, lands oterhan tolls the
portation offreight and passengers.
ARTICLE VIII.
The six hundred thousand dollars by r. Falcon
net to the Mexican Government for the soo grant shall be paid
the Mexican profits as provided IN aid
ARTICLE TX.
The business Of the Company conducted as Office IN
the of Orleans shall
domic by nine Directors Of whom at least shall
quorum The Directors Shall elect President and Vice Pre
o 70 supply vacancies that he between lie
annual elections ELECTIONS for Directors and meetings
stockholders votes may be given person by proxy
shall be entitled Legal service Of cta
eo III ONCE bs e CONE
pany, in The hands of any Of It's officers.
ARTICLE x.
Lionel & Levy j. l. warner j. Rarbridgs g. HsbeTt
ors until the Monday in May 1858 The elections shall be
annn and each subsequent Board shall be elected the third
duties on the first Monday Of May following No shall 30
ARTICLE XII.
failure to elect Directors shall not dissolve the corporation
astiTs Sf hs eiva b ton NJ o.
leans
ARTICLE x1r
case failure part any subscriber to pay the in
samen stock required the Board ii Directors may
stock and sell for The benefit Of the Company Of may wR
previous notice advertisements
d 5s no ''esAn'as' snail Dc permitted to vote whilst in
ARTICLE XIII.
At all meetings stockholders and at all elections ma
j0y Gf the stock a such meetings shall govern
ing diminishing the capital Company or for any
Of the Pnposs7 in The nth section Of the act Of the
Of t9r Toss public and utility
ing their right for others least three
onrhs of the stock Of the Company in ser q take valid and
holders and all elections majority of those
ARTICLE XIV.
The President and Directors shall have make all by
ness to hold receive purchase and convey under the
rate name any property real or personal do thing
herenbeore described with tracks they deem
to make all necessary contracts for the purposes aforesaid
and steamboats, and all equipments deemed by them necessary
useful for the of The Company and general
aton OF passengers, freight and mails.
The Directors shall have appoint all officers
pleasure may therefor bonds notes
may deem best and mortgage the propertyo the Company to
ARTICLE XVI.
stated annual meeting Of the stockholders shall be held
week before the election Of Directors to receive the Of
into the condition Of the affairs At which meeting full
laid before The meeting By the President and BhscoFs then IN
beses ms meeng me FEeslqent and Directors may
time, the written reqaison stockholders representing
stockholders take into consideration any affecting
Of the Company All meetings stockholders shall
e held the office Of the Company in the city Of New Or
leans.
ARTICLE XVII.
Stock books shall be kept in the offices OF the Company.
Certificates stock shall be issued shareholders
transfer of stock shall be binding Company until made
on its stock books
ARTICLE XVIII.
The Board of contrsctspecially
for work. labor Materials lands and effects be furnished
the Company payable whole in part in the stock of the
Company until the whole amount Of the capital stock Of the
/ Company shall have been exhausted
ARTICLE XIX.
will necessary enter into arrangements with
the Government Mexico and that of the United States
Messrs Emile and j. Benjamin hereby
Joint agents the Company with full agree with
either said Governments for such notifications
amendments changes in said grants may judi
securing full and perfect protection for the rights and
interests Of this Company.
ARTICLE Xxx.
the expiration of the charter whenevethe dissolution
the corporation stall render its liquidation necessary three
commissioners shall be elected by the Stockholders whose duty
it shall be take possession OF the property Of the Company
and conduct its business final liquidation such terms and
in such shall be determined by meeting of stock
holders regularly convened for that purpose and the
in amount and number, shall desire the
further the stOckhOde dissenting such
shall be bound TO transfer their stock those desiring the
newa lis fair value, to be affixed by appraisers mutually
chosen for that purpose.
New 0rieaLs July 30, 1851
Emile EASere. Fl shares.
John NJ Bell. Fifty shares,