New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-03-10

...,,s, A.. a. from, the rn;cu,..
WE ''ssOH's y 0' H. HEYIIGRR Secretary
- "
~
LOUISIANA TEHUANTEPEC COMPANY.
1r. ,,.uu,.-.,,.... - $500,
t, a. silrd mi 1, hs ~ ane ~
q Snasr Rs ses @ %
oe grants Witch are 10 bs To- "a a. pro
under set Of the of the State Of Louisaa Of the
IN o. aasch isos en,ed at ,oT me q
Do now subscribe 70 and agree upoa the following Charter
to-wh;
The corporation shall be called the Louisiana Tehuaniepec
Company and By hat name shall nave power aaa aahoy
FIRST TO have and 9enoF succession by Their corporate name
for the period Of Years. second 20 contract % ana
sea fourth TO hold receive purchase and convey
der their coporals name property both r.a and
70 nsne and appoint suen anagers directors sna oneef a.
seb bv laws FOR the proDer Tanssemen and Tea
Of the affairs Of the corporation may be and
proper. -
The said cornoon il established for the purpose Of con-
structng carriage road from the head Of navigation on tes
sc t,cn AMI az aiso q iaroa from Nh
ion n nil % Known q he sray and sioo rrats and
ENJOYING and cond1etng the NAVIGATION q aid
we agree to admit as our under this charter per-
sons ana ,nst III n snd M S ''r
'''NA Dp'- -1D hETJCLy TIT.
The capital stock o. sad COMPANY ha ne YEN mions q
shall Be appropriated as fOlows VIZ.
SOVO shares or eight Of sna be subscribed
On ooo ar Of dollars shah be issusd az fu
paid stock and delivered 70 the trustees who now bold
the title to said aay and sloo grants under the deed
Of trust sheeied q e e. Ra1g9ss or mSel, ana as
Of the sioo grant under 'he decree OF the heA'can
pO'Voo Snaies' .pr,c,vr
r. ,,.cr,ron. shall Ne o-a at ,e times and ,ac.s
required the grants, az
sr b ~ d ebt nillians oS ch stcF as reaaD
after deducng subscriptions of who sign this
charter
ARTICLE V.
The TO se made on me stoek and %
be q aforesaid are as follows zen Per a. me
per een ~ hlsI uAy ss ~. .e az, -
or ~ Jus a. ~ ,s % hi qa soei
n s ~ SeS ~ IN New ori
ARTIcLE vi.
On the conveyance TO This COMPANY bv said Trustees of the
id dsd ~ tt ths Hoard ~ D;retor shall issue ia sa
Tnsess he sfossad two millions Of dollars Of full pai stock
e pe ps ~ II usS ia rnsb sD on he Of
Ala ,ed Board q Directors SHAH further issue to
said Trustees the purposes trust eight per
bonds Of the Company Tor one million g. DOLLAR
That portion Of ssf o bonds wa gadeT the @ q
& 81 such deo AMI s91es u 70 u ae psIed T.
Convey the the exercise OF e S oe sd
,d H., M s c,a, pos y ;,,s aynn ~ no sbt
soever by any company person persons
said soo aay grant except is prosdedin the
eighth article Of this charter
i0Lh -
no dVdend shan De aesiaTea beiore 'ne raean y con
pleted Inc COMPANY shi nos dsIlSe net
the road the payment q running expenses and dividend #
os SOFAS TO keen The dividends down 10 is sr cent Der an
nun ris sce shall mt ,noss a Elimination on the amount
dyieads ha be corsy NAV declare from sales or leases
portaon Of iregh and passengers
| ARTICLE VII
The SIX hundred dollars sdyaneed BY II EaeS,
by lie ompany in ts bonds on such terms as NAV be arree
& Mexican nnen in the net profits as provided In sal
sifo rant = 49, f7' " -
'''' grant ART1orE ~.
~, ,. s ~, r, =, ~ - oo 80 NJ IL, oei.o ,
the city Of New Orleans which shall forever be and remain !
domei oy hne pIee,o iS e. wh9n a. % ven b s f pc
The Directors Shs elect President and vice e
ors to supply vacancies occur
Of stockhoeT votes may given person BY proxy
eaeh share snail be emed 70 one vote Legal service Of e
President eftto his address at the oce Of the Con
F' ,pr,c,p
| oi. A.
Lionel c. Lazy, J. Ia Warner J, w Burbridge P O. Hebe
Sr a Dpnf he m Monday IN Mag ISIS The elections
annual and each subsequent Board shall be elected on the I'M
Monday Of April OF eaeh year anu enter on lhe
anleJ On ' n ns s 2. MAY % f IN 9H ~
eligible as Director unless ne owns . ShaeS s'9eAf
failure 10 elect Directors shall not dissolve the corporation
but the the exercise of its function
until new Board can be elected Ali notices election
meetings stockholders shall be given by publication htet
days IN advance III al u tne he"spSPeso e"
leans -
AhTluLE Kill -, ,
In of failure the OF subscriber 10 pay the
his stock required the Board OF Directors
after days advertisement notice in writing forfeit
stock and sell it Tor The henet OF the Company or may VIII
such previous notice or advertisement compel payment
su and no stockhoder shall be permitted to vote whilst
! default.
ARTICLE KILL
, a. n, r - ,,a. ord n. al otsctiors n N,
M s ~ !t ~ an az c rnaefn, bn go,eri
a. n NJ ti,rs an ~ rnr Inc nnrnoss If }nrrea
n ~ the canta stork Of the COMPANY or or aI
of he purposes Enumerated in Tie fifth section Of the of
LEGISLATURE of louisiana entitled An act organzat
81 ornoatioys works nnbe