New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-11-17
ARTICLE /.

A"i iolh i ..-..
Company and by hat name shall have power and
for The pee Of second to contact sue and
Do sued n Their goPoratg name tara 70 ase an use cor
ger heir co. poate name popeIty Do'9 rem to
teF interest and Convenience may require sixth to make
establish such for the proper and regna
proper
a,, t. .intIHbe ID r the ,rnose or CON
strnctng carriage road from the head Of navigation on TIE
oGsg f 81 t @ " Ent tSe acsorJB to The con-
dons Of said grants known as the aray and grants and
enjoying and conducting the navigation Of said CoaEacoalco
we agree TO as our associates this charter such per
stock upon he terms and conditions provided
ARTICLE III
e@ g 3 Gto 81 ara a Of o andred doa each Which
shai Be ptopfaled az follows, w ,t Ia shoad
S snd n az for a. bereRafIeT providsd
10000 ohae millions Of dollars shall be issued as tg
The title said Garay and Soo grants under the deed
Of trust skee1ied y A. T eopat now Hoide9
Government.
100000 shares,
-, ~ a,a,od a. t, tf,os and nr,cas
Lists Of su5eTpono snail pc opened az te Ss sa re
d s oS 4 to I'm NAV Ietne for Standardization to
much Of said eight millions of cash stock as may remain
after deducng the subscriptions OF those VINO no" sign hls
ARTICLE "
90, n T.
he Ws"bed "a afoesad are rs follows ten per cent al The
cent ninety ays and the der % es 8
each intervals Of less than sixty days cans io aok
days Il At least Two newspaper published in New Orleans
ARTICLE VI.
On the conveyance Company by said Trustees Of the
sd desd of trust he Board Dse5qs shall issue @
Ttnstees the aoead 2 mon o. a9as o. PG S,9sE
cred in oil respects r. i pad fs ang @ 'es execution 81
said @ sai rust the egR per cent
4 AZ @ os a 6Ss S e;5v6 Of said
trust is to he used for he ptyneu Of me ae9s @ aGles
such debts and liabilities to tue parties to
whom sd TnsteG G[ 9S g5 b q S so and
discretion may think proper to PAX It being asnGy agse
st99a na H. eIay y ben,on or persSIs under
her the VIA Sloo or ray grant except prUyidedin the
sighth article Of this charter.
ARTICLE VII.
M dividend shall be declared the railroad is
bap Is per cent from IL tolls and whenever ergcepis from
a shall as e9gm rs4s@ oF a S
PER cent per Sllnnn there San! ng IS'o i ni o
a VIM 4 q m aS It. ~ -
tbs se shall not impose apy Limitation On the amount Of
source q revenue oteFhan tolls for theranS-
PoTtstao" "a LOS =
,nn5re ,opsan5 dollars advanced nv F. P Falcon
Mexican for the soo grant q " Ped
on ' and he COMPANY viii itself ont he share
s s95 A s2aG 10 'o ' on' r.
ARTICLE X.
a e 2u ~ Ss M b5b R e and e@an
anen residents Of said ey -Four Directors sR9ll fern
ant Of tLeir body and saii have power to elect new Direct
m to supply IA the intervals between the
animal ect51 Al ali elections Directors an meetings
Se snare shall be entitled 70 one vote Legal service
on nd an process against The Company may 4e made on ne
pa1y. Ia the hands of any Of its officers.
r.,as 1osere J6bn NJ Reu Alfred Penn. W. d. starke
ta!e Lhns[e' 'Yau VI ", S " UrlrIrIs p n nafaT
end Duncan r. compose til first Board of Direct
nn the irst Monday u Ngy s ihe elections s y
Monday Of april Of each yeaF nl sRe @ al ~
eligible Director unless he owns25 shares ofsteck
ARTICLE XII
ire to elect Directors shall the corporation
tu Board IN Office shall continue the junction.
eetines Of siocEGoIyrs shall be given BY publication teel
days dyance in at least Of the newspapers Of New Or
ieaps5sT
ARTICLE XII,
Of failure the part Of any @ to the IN
a9ne 6 IN ~ or notice in writing forfeit ii
oek d sel It for liz benefit Of lie Company, Of may with
rl prgyious notice or advertisement compel payment
default,
ARTICLE XIII.
all meetings Of The stockholders and eall ma
except that such are called to me purpose Of ece
9g o. IN the 9th section q he act Of II
Of 9r @ P%pS Of nos b5
in IN Le own right, for others At least three
fo1rt Tie stock Of the Company in order to take valid an
binding action in the premises at az other eens o. stock
represented shall govern.
ARTICLE XIV.
ana Sna RgH TPSeo ba S
ness to hold receive purchase and convey under que c0p
sag o liz consuGon repar or
heTenbeore With H. many Tafks 81 ss mSy ass
to make az necessary contracts Tor m PURPOSES %eS