New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-07-05

100000 share

Of Tus executed by p a HargOus, for himself aud
representing the rights Of F. r. FAlconnat now holder
Of the sloo grant under the decree Of the Mexican
Government
100000 shares,
ARTICLE ".
required by he terms Of said grat and at such other timer
~ ,cJ ~ eai5 at tIia ~ easI, soeI ~ NAV remain
after dedueng the subscriptions Of those who now sign this
ARTICLE Y.
The payments m made the eas stock subscribed and to
t n Fl In oer cent IN siy DAYS r. Tesfter te
ninety thereafter and the remainder called
each nor at intervals e. lss THAI sixty days Cells oE stock
days least published in New Orleans.
ARTICLE VI.
On the conveyance his Company by said Trustees Of the
s a sad Il Taa hs Boa i Bsos sh sss &c 5
the g y9 millions q pa aoa o. TIL pad soE
cred ia all respects Psd 4 CASH and on he q
said fo The psrpoas. q sad trgst hs sghi RET cent
T T p al ~ xii boSd Which, nager Of said
be used for the payment ~ tue debts and liabilities
sStisfacton Or such deInd Liabilities as to the parties 70
he he exercise Of their sole and uncontrolled
discretion may think proper 70 ray i being distinctly under
CONTRACTED By person q pssGa gade5
eighth article Of this charter.
ARTICLE WI.
Nodiydend shall be declared the railroad Is
han per cent from its tolls and wetege the rersipisfom
tolls she'll exceed the amount required for the antenanes q
pe cent per annum there shall Be ratable inauion
tolls as to keep tile dividends aovE 70 Is per cent per an
This tieie shall not impose any InAon amount Of
Its lands source Of ne tolls loF ee trans
portation ofireight and passengers.
ARTICLE yITf.
Ih SIX hundred thousand dollars advanced bv p Falcon
to the Mexican Cove soo grant shall be paid
by the in its bonds such terms may agreed
the Mexican nent in the net profits provided Ia said
soo grant.
ARTICLE TX.
The business The Company shan conducted atis office m
he city Of New Orleans which shall forever be remain s
manent residents Of said city -Four Directors shall form
erS 70 SRgy gaeaIe mat occur IN the intervals between the
shae shall be entitled o 6ne vote Lea ~ Econ = and
ton and all against e Company may be nude Oh t
President person etto M al the oee Of the Com S
panyt m the hands Of any of its officers.
ARTICLE K.
Emile Lasere John n. Bell, Alfred Penn, W B. sarke
lGne a q Lexy y L %srPsE J. W BgTridgs @ ebeT
annual and each Subsequent Board Be- sleee on
Monday Of April Of each and discharge 81 lis
Duties q he irst Monday q May following shall be
ARTICLE XI.
failure to elect Directors shall not dissolve the corporation
until Board Allnoces Of election and Il
days in advance in at least of the newspapers New Or
ARTICLE XII.
In Of failure tue part subscriber 10 nav the in
sameuts on his soc as reqaire lie board Of Diraeors nav
ner ten days or notice in writing forfeit the
such previous notice advertisement compel payment 81
dsfauit, IT, = . . So'e "hils' n
ARTICLE KIN.
At all meetings Of the stockholders and elections
that such called for the purpose Of
o e parposss in he fh section Il he act Of s
Legislature 81 Louisiana entitled An for The organization
4 1855 shall be Composed 81 persons a h5
II he Company In ff ka e Tad R5 as
binding action in Che premises at all other meetings Of stock
ARTICLE XIV.
The President Directors shall power make all by
laws necessary for the proper aud regular
moss to hold receive purchase and convey under
rate name property real personal TO doany thing neces
Ty Tor The construction repair or maintenance of the roads
necessary to eermne the line and Of he ross and
to make al Necessary contracts for he e
and steamboats, aud all equipments deemed by them necessary
ever thing and f. effect The objects q this
tation OfpAssengers freight and mails.
ARTICLE XIV.
wants Of the Company m their COMPENSATION and them
at pleasure may borrow and issue therefor bonds
may deem best and the property OF the Company to
ARTICLE XVI
stated annual meeting of the stockholders shall held
eek eS s s q g fGS the
into the condition q the ahSs a. WHICH meeting full state
laid before The meeting by the President Directors
se Besides hs mg9ng the 4 Sn9 DsGt9s may
time the written requson representing
sockholdEsto into any matters affecting
e held at the oHss o The Company IN tic ely Of New Or
leans.
Certificates of stock shall be issued the shareholders
on lis stock books.