New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-02-10

river point Bay of venosa
Pacific Ocean and Ct constructing also RAILROAD from said
dions Of said grants known the Gar and soo grants and
river according the terms and conditions Of aid grants and
we agree to admit v our associates under ms saeh
upon the terms and conditions hereinafter provided
ARTICLE ILL.,
dollars divided into shares of one hundred dollars each which
$1,000 shares eight millions Of dollars shall be subscribed
10000 ha or two millions Of dollars shall be issued as full
paid stock and delivered to the trustees who now hold
Of trust exseaed 6y + 4 HaEgGas, for himself and q
of the sioo grant under the decree Of the Mexican
Government.
100000 shares.
ARTICLE ".
Lists subscriptions opened the places
and places The Directors may determine for subscription to
after deduetng the subscriptions of those who sign this
charter.
The payments to be made the cash stock subscribed and to
be subscribed aforesaid fellows per the
nep cent on IN netv says es s and ps 1nd ~ s
for by the Direction instalments exceeding per
payments shall be made BY advertisements less than sixty
days at least two newspapers published in New Orleans
ARTICLE VI.
On the conveyance Company by said Trustees Of the
SAD tights sad srGy and Sq9 grants n accordance with
Trustees aforesaid millions OF dollars full paid stock
for The of said trust and said stock shall be cons
said conveyance, ad Board OF Directors shall further
bonds Of the Company for one million Of dollars
That portion Of ssa bonds which under the q said
contracted under the sloo grant shall BIS Appropriated the
satisfaction of such debts and liabilities 70 the parties
whom said Trustees by the Of said required
the in the exercise of their sole and uncontrolled
discretion think being distinctly under
Stood this Company the payment debt what
she the ad C ga as Is hnl h
eighth article Of this charter.
ARTICLE VII.
III
pseqi de 0gPamy s no. 9e e' Eevenes Greater eater
tolls shall exceed the amount required for the maintenance OF
the road The payment Of running expenses and dividend Of Is
tolls 50 as keep the dividends down to Is cent
This shall impose any Limitation on the amount of
dividends that the Company may declare from safes or leases Of
portatiou Of freight and passengers.
ARTICLE VIII.
The x hundred Thousand dollars advanced by p Falcon
by the Company in its bonds sach be agreed
the Mexican Government in the net prohs provided il said
soo grant.
The business Of The Company shall be conducted its office in
the city Of New Orleans which shall forever be and remain its
manent residents Of said city, -Four Directors shall form
dent body shall power Direct
to supply vacancies that occur in the intervals between the
Of oekhoder votes may be given in person Or By proxy and
49, i AZ, sdes a,si,s ~ " ro, s ~, NJ ,S " IL
President person efto hs address the office of the Com
tAAiAAs
ARTICLE K.
Emile Lssere, John NJ Bell, Alfred Penn W E, starke
Lionel G. Levy, j. l. Warner J. w Bur6rdge p o. Hebert
Os the ars Monday May 1855 The elections shall be
annual and each subsequent Board shall be elected the third
Monday of April Of each and the discharge Of its
duties the first Monday Of May following No shall be
eligible as Director unless owns p shares Of stsck
ARTICLE XI.
failure to elect Directors shall dissolve the corporation
until new Boa can be eeced All notices Of election and Of
meetings Of stoekhodeIs s bs given BY pubeato9 fifteen
leans 'e''' W : ~ -''''''''' " WV
ARTICLE XII.
failure part any pay
ameHs his stock required the Board Of Directors may
after days advertisement notice in writing forfeit the
pre- vous notice advertisement compel by
| default.
ARTICLE XIII.
AT all meetings of the stockholders at all elections
ory Of the stock represented such meetings shall
that such meetings called for the of ncras
the purposes enumerated The nth
Legislature Of Louisiana entitled An for the organization
approved March lih 1855 shall be coRpossd Of persons hold
oas Of the stock q the Company IL order take valid and
binding action in the premises at All other meetings Of stock
| represented shall govern.
ARTICLE XIV.
The President and Directors shall make all by
laws necessary for the proper and regular transaction OF bust
property personal any thing aeces
for the construction repair or maintenance Of the roads
necessary the line and the roads
purchase alt materials machine vehicles teams ships vessels
and steamboats, and all Equipments deemed BY them necessary
every thing necessary and proper effect the objects Of th
charter including the fixing and collecting Of tolls for
talon of passengers, freight and mails
| ARTICLE XIV.
The Directors shall have appoint all officers and
Of the Company fix their compensation and them
at pleasure borrow and issue therefor bonds note
other obligations such terms and such conditions
deem best and mortgage the property Of the Company
ARTICLE XVI.
stated annual meeting of the stockholders shall be held
week before the election Of Directors TO receive the report
into the condition Of the affairs which meeting full state
laid before The meeting by the President Directors
office Besides this meeng the President and Directors ma
call others when they think proper aud shall be their duty
time the written eqston Of stockholders representing
9th Of the stock of the Company call meeting Of til
stockholders take nso consideration matters affecting tn
held at the Office Of the Company in ihe city Of New o.
/ ARTICLE XVII.
Stick books shall be kept the Offices OF the Company
Certificates of stock shall be issued to the Shareholders and
transfer Of stock shah be binding on the Company until mad
ARTICLE XVIII.
for We < labor materials lands and effects to furnished
the Company payable in whole or in part in the stock Of n
Company until the whole Of the capital stock Of tn
Company shall have been exhausted.
| ARTICLE XIX.
the overnment Of Mexico and that Of the United State
Mesrs Emile Lsere and j. p BENJAMIN are hereby made T.
john agents Of the Company with full power to agree vii
either both Of said Governments for such modification
eious for securing full and perfect protection for the an
interests of this Company
ARTICLE XXX.
At the expiration charter whenever the diss0ntio
Of corporation it's liquidation r'
shall be elected by the stockholders whose du
shall take possession OF the property OF the Com2an
and conduct final liquidation snch
shall he determined by meeting Of stool
holders regularly convened for that and it, at
expiration charter majority OF the stakeholder
In amount and number shall desire the for
further term the dissenting from sEch
shall be bound to their stock those desiring the
lis fair value TO be affixed by appraisers mutual
chosen for that purpose
| New Orlea.s July 30, 1881.
Emile IssSere- FIFTY khares
John NJ Bell ACKNOWLEDGEMENTS. Fifty shares
j. w Burbridge. ....,......,...... Fifty shares.
J L. Warner. ............... Fifty shares.
Lionel O. Levy ...................-. Fifty shares.
w n starke........................Fi fty shares.
Duncan i. Kennel. .......... .Fifty shares
Alfred Penn, per pro- Emile lasere. kiily shares.
: John slidell per pro. Emile LaSere, Fifty shares
p. A. HIgous,
Per pro. j. P Benjamin. One hundred share
J. P. Benjamin. fifiy shares.
: j. ID. Denegre,- fity shares.
z. o. Hebert.. FIFTY shares.
The undersigned Recorder Of Mortgages in and for the par
Of New Orleans certhes that the within charter
recorded ibis day in his Office in book society No folio 46
JOHN HOLMES Recorder
New Orleans, August 4 1857. aus
/ HuAVA JELLY AND PAaTE-sl boxes Of