New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-05-12
ARTICLE II.


establish such bylaws for the proper and regua
proper.
ARTICLE II.
The said corporation Is established for the purpose OF
srueting carriage rOsd froR the head Of navigation the
COazacoacos river point the Bay Of Nenoss in tie
river to the Bay Of according to the con
dons Of said grants knoyn as ihs Garsy and s9e grants and
according the and conditions Of SAID and
sons and their assigns pay FOR
stock upon the and conditions hereinafter provided
ARTICLE III.
The capital stock Company shall millions Of
dollars divided into shares of hundred dollars each which
5000 shares eight millions dollars shall be subscribed
40 oo and paid for a. hs5einaf ss provided
paid stock, and delivered 70 theIrusres Who now hold
" trust sxecased by A. Hsrgous for himself and as
representing the rights Of p F.eonRet nov holder
Government.
100000 shares.
Lists Of subscriptions shall be opened at hs times and places
snG places y he Directors NAV determine FOR subserptop 70
much Of said eigh millions OF cash stock remain
charter.
ARTICLE v.
The subscribed and TO
be subscribed Aforesaid follows the
Of subscribing in sixty days IN reafer
for by the Direction IN nstaneh exceeding per
aynnts sbali he mace by nd ~ mat % % i
days, least wspaper published in New Orleans.
ARTICLE W.
On the conveyance this Company by said Trustees OF the
said rights in said Gsy and soo grants IN accordance with
said deed Of the Board Of Directors shall issue said
for h- purposes Of said and said stock shall be consd
in al as paid in CASH and on The execution Of
said Trustees for The Of said the eight per
That portion said bonds which said
trust is to be used for the payment Of the debts and liabilities
satisfaction Of such debts and liabilities the parties
convey The in he Of their
discretion may think proper to pay being distinctly under
contracted by under
either the said s9o Gaay grant except the
ARTICLE VII
No dividend shall be declared before the railroad Is
than Is per cent from its tolls; and rsceil from
tolls shall exceed be required for the maintenance Of
per cent per snnu there shall be raabe dimuon Of the
tolls keep the dividends down Is
This ace shall not impose any Limitation on the amount of
is lands Or any source q other than tolls for The
portsion of freight and passengers.
ARTICLE VIII.
The six hundred thousand dollars advanced by F. p Falcon
The Mexican ihe soo grant shall be paid
o be S9mPsy IN It's bonds On such terms as may be agreed
the Mexican Government in The profits provided in said
soo grant.
The business Of the Company shall be conducted Its office
as G New 35ssn which shall forever Dc and remain is
manent residents said city -Four Directors shall form
dent out Of their body and shall have
os 70 supply s oeeHf IN the IN between the
Of soGkhoe votes may be given IN person by proxy and
ton and all process against the Company may the
person eftto his address the office of the Com
pany in lbe hands of any of its officers.
ARTICLE K.
Emile LaSere John NJ. Bell, Alfred Penn W. f. starke
L9He g Ley = L. wsrqer j. W. Burbridgs, p o HebeT
until the FIRST Monday in May 1855 The elections shall be
Nonday III April Of each YEAR and enter an ne AZ H.
duties the FIRST Monday of May following No shall
eligible as Director unless owns Is shares Of seck
ARTICLE xI.
failure to elect Directors shall not dissolve the corporation
until new Boald can be elected notices o election and Of
meetings Of shall be given b. publication fifteen
leans,
ARTICLE XII
saiments on hs stock as reaTed 6e Hoard Of Drctor
after ten days advertisement notice in wiring forfeit the
such previous advertisement compel psynen by
and stakeholder shall be permitted whilst in
ARTICLE XIII.
At all meetings the stockholders elections
such are called for III pposs Of
ing or diminishing the capital stock Of the Company
Legislature Of Louisiana e1ed An Tor the organization
approved March 4h 1885 shall De conoosed Of persons bod
fog T. Gs Ss sG e oSSsy o ses q '% S
binding action in The prem at Al other meetings.oi stocs
ARTICLE XIV.
The President and Directors have power make all by
s scsssay for nc proper and regular transaction Of bust
hoG receive pGFehae and convey under the corpo
rae name any properly real 81 70 90 any
ieienbeoe described With many tracks they may deem
make all necessary for be purposes Aforesaid
purchase an materials machines vehicles teams ships vessels
and STEAMBOATS, all Equipments defined by hem necessary
useful FOR ire purposes o. de Company and in general
cSsreS including he sxng and eosc Ing o. tolls Tor
taOn of passenger, reisht and mails.
ARTICLE XIV.
The Directors shall have posero appoint all
the Com9any, fix heir compensation ard remove
o,her Igations suc conditions
may deem 6es are mortgage he properly Of the Company to
ARTICLE XVI.
stated annual meeting o be stockholders shall be held
The oosiness Cor be nation
mep q he financial arr OLDER asl Oh he Com5any mai he
laG De 9e he meeDs BY he esidept and D hen in
ca obors .Rev think proper and sa be heir dUy
one 9Th o. Ie sock o; he COMPANY 10 call meenI Of he
ale mo co .siGeraon mater affecting the
OF TIE Comnany All meetings o. stockholders soall
e held al the office Of The Company he city Of New o.
ARTICLE XVII.
STICK books shall be fesi IN he oices Of the Company
TRANSFER Of oeS shall be biz cling Company until made
on iIs stock books.
ARTICLE XVIII.
The Board Of Directors shall specially
Cor wok labor materials lands eecs be furnished %
Compsny until he Whole amount Of The capital stock Of the
Company shall have been exhausted.
ARTICLE XIX.
As II will be arrangements with
the Government OF Mexico and that Of the United
Nessrs Emile aSere j. p benjamin hereby made the
joint Of lhe COMPANY, with ull power agree with
either both of said Governments Cor such notifications,
amendments ard changes in said grants Judi
ous securing full and perfec protection for the s and
interests of this Company.
ARTICLE Xxx.
At the expiration the charter dissolution
Of corporation shall its liquidation necessary
shall be elected by the
business FINAL liquidation such
IN such shall be determined by meeting Of
tolder regularly convened for that and IT, at the
expiration o. he charter majority Of the stockholders
IN amount and lumber shall desire he for
further the stockholders dissenting from ssc
shall be transfer their sock hose desiring
news is air value 70 be affixed ~ appraisers mutually
chosen for that purpose.
New Orleans July 80, 1857.
Emil i.SSere Fify shares
John NJ. Bell. shafeA
J. W. BurbIidge. Fifty shares
!. H. warner. ftisJ shares
lloneiC. lseVy.....-+.....-..-...- ftt.y shares.
T. stSrSs '.s.s'.s.''-'.'...E iity shares
Duncan \. kenDeT. Fly shsfTs
Alfred Penn, PER pro. Emile LASER. Fify shares
John Slidel per pro Emile L=sere. Fifty shares
P A Hargous
y = y An'in sffty shares.
D. nehegfe,. Fifty shares.
+, o. hebers... Fifty shares.
The undersigned Recorder of Hortgss for the parish
recorded this day in his Office, book society NoL folio 4
| New oresns, August l. 1857. ans