New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-03-19

ARTICLE ".

Government.
10000 shares.
ARTICLE ".
Lists Of subscriptions shah be epened at The times and p
places may deieniDe sub-criptia1
dsdueng subscriptions Of nov ses ls
charter.
ARTICLE v.
The payments be made stock subsrbed
be subscribed aforesaid follows per
per cent IN ninety days ieresfsr; and tie Tedes IS z
s es s SeS u s Ih P9t ass .
payments shall be made by aversensnrs Or not les 'h.a
ARTICLE VI.
On the conveyance to this Company By said Trustees
ss .id EsIs n said srqy snS spo 1 I'd.
Trustees the aforesad millions Of dollars Of fun paid sk
cred respects paid 10 cash. ezeessis e
ssid Ta @ he q y Of s ta sl e
bonds Of the Company for Que million Of dollars paysbe
trust is 10 be used for the payment Of the debts ss
subtraction Of such debts md liabilities as e the % :
whom said Trustees are By the terms Of said trust reqzS
discretion think proper to pay; being Distinctly sn
seevsr contracted by Any company per.on Or persons, ma
either the SAID sIsy grant except as is provided ia @
ARTICLE VII.
No dividend shall be declared before the railroad
Pleted The Company shall nos derive net
tolls shall exceed the required for
pe r e tae e ba e ab snd -
tolls TO keep the dividends down to Is per
This atieie shall impose any Limitation on the arnssu q
m aa any 81 revenue o os dc
portation Of freight and passengers
ARTICLE VIII.
The six hundred thousand dollars by Falas
the Mexican Cover for The Soo grant ps
% asa Ss Company viii ass is o s o b
the Mexican Goven msn in the net profits provided is "a
ARTICLE *.
The business Of the Company shall conducted
he
domie by nine Directors Of whom LEAST z
quorum The Dirseors shall elect Presdsa snd Wee 20. s
dent out o. their body ana si haye power % elect neS ~
elections Directors AZ at ali mesis
each share snail be entitled 70 ono vote ea ssGss q %
President in or ietto hs address az he once Of
pany in the hands Of any of its officers.
ARTIcLE.x.
Lionel G. Levy j L. Warner, j. " Barbridss p O. Hrssss
and Duncan + KenueT sh. compose the FIRST Board Of D
annual and each Subsequent Board shall Be- elected on @ s
SSPda q a MsS se s @nS s On the % =
eligible Director unless owns Is shares of stock
ARTICLE xI.
failure elect directors dissolve the eorpoz.6.
Board in Office shall continue exercise It's n
m nn Of efhoss ss Be given sD Ss
days in advance in at least two of the Of New
leans.
In of failure on the OF any subscriber t
after days advertisement notice in writing
stock and sell for the benefit Of the Company s
default.
ARTICLE XIII.
At all meetings Of the stoekholders and at all elections
yy ,t ii mai ch me- a s csIlss T q H. @ eossss
ing diminishing the capital stock of the Company.
Legislature Of Louisiana, entitled " An for he
approved 4,h 1850 composed Of persons Iss
ing in their own right or as agents for others a. le @
binding action in the premises at al other meetings Of k
holders and at all elections majority Of those present s
ARTICLE XIV.
The President and Directors shall power make n ~
laws for the and regular transactio
ness TO hold receive purchase and convey under the
ary construction, repair euaree Of de pss
aessGSG WITH as many tracks as they may %
TO make all necessary contracts for the aorea
steamboats, all equipments de, med BY them asez
or useful for the purposes Of the Company and in general
charter including the hiking and collecting of tolls for
taion Of passengers, freight and mails
The Directors shall have power appoint all officers aud
pleasure may money therefor boas Ga
other obligations such and such
may deem best and mortgage the property Of the oaaa
secure the payment thereof
ARTICLE XVI.
stated annual meeting Of the stockholders shall
ne ass ysS,s ana bs IA ~ ne Tue s
Of the financial and other aisirs Of Company
Office besides this meeting the President and Direesss nv
call others when they think proper and il shall be heir d q
bf,h the Company to call meeting q
interest Of he Company Ali meetings Of ,kholders
ie held at the ONCE of the Company in the city Of New 90
| leans.
Stock books shall be kept the Offices Of the ctn
Certificates stock shall be issued TO the haehoisef 4
transfer Of stock shall be binding on the Company una 1
| on its stock books.
The Board of Directors shall be contract esr
work. labor materials lands and effects TO be Furnished
|
Compaay, anil he whole Of the capital q a
Company shall have been exhausted.
ARTICLE XIX.
will be necessary some arrangements z
GOysePeP e. ns 1s sd ss G5 he United s.sS
sasssfs, ns 81 n ,lompanv wih fail nssar ~ -. -
either both Of said Governments for such modhean
cioas securing full and perfect protection for the ss
interests of this Company.
ARTICLE Xxx.
At the expiration Of the charter whenever the
corporation shall render Its Liquidation Necessary
commissioners shall be elected BY the stockholders z
and conduct is eusi.ess Oral hqadaon such
holders, regularly convened for that purpose and n
expiration Of the present charter majority the soekha
further term the ocSbolders Dissenting from sssh sz.
shan pc e9anS 70 rsnsief their stock 70 hose dsssr - =
New Orleans, July 80 1857.
Emiie laSere. finy SHARE
John n; Bell. .......................Fi fry shares
J; L. Warner. fiiiy shsres
| Lionel y Leyy,,.-........,....,...F iiy shsre.
r. staFk e lily risg h
Alfred Penn hS pep pro Emil. aei:. Fy shsTs
John SIieell, per pro. Emile Iasere Fifty shares.
Per pro. j. p Benjamin ...... One handred stu<Szl
| y. r Benjamin. Eny sa4as>-
d nensgFe NY sh h
The undersigned Recorder Of Mortgages in and for & p.
city Orleans eertdes that the within charter
recorded this day in his Office in S9E s1sy Nst s
New Orleans, August a 1857. As