New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-01-13
CHARTER
or THE-

to name appoint such msnsers directors and officers as
establish such for the proper and resaa
ton Of the affairs Of the corporation be and
proper
The said corporation Is established for the purpose
Costssceaeos rivsi point The Bay vsntos
s9s s as so i'm e
ditions Of said grants known the Garry and soo grants and
rys sscordns 70 The terms and eondons Of said grants and
ass . Z s NH p re Per-
upon the and conditions hereinafter provided
ARTICLE III.
Ths capital stock Of said Company shall millions Of
dollars divided shares Of hundred dollars each which
5000 shares eight millions Of dollars shall be subscribed
1000 e.a o ~ r o. ons e pS b be . full
paid stock, and delivered 70 the trustees who now hold
trust ss.ss.sd sy asrgeas Himself "a "a :.
Ss grant ands@ he he
Government.
100000 shares.
Lists OF subscriptions opened the places
and places he Directors may dssimine subscription
% ed1ca The Soss who
charter.
The payments be cash subscribed and
be subscribed aforesaid follows: cent at the
rsq nnes ays "A and ny a. ed
FOR By the Direction In instruments not exceeding ten cent
payments shall be made by Of less than sixty
days, in at least two newspapers published in New Orleans
On the conveyance to hi. COMPANY b, said Trustees Of the
ad rights said Carey and sloo grants in sceordAnee with
aid deed Of trust the Board q DIRECTORS shall issue 70 sad
for Of said trust. and said stock shall b eonsid
aid aid Board Of bsciOrs shall further issue
SoS S % s s % oSe %n s s
That portion Of said bonds which under the provisions q said
urder the soo shall be Appropriated the
satisfaction Of such debts aud liabilities TO the parties
convey the he exercise Of their sole and
discretion may think proper 70 pay II being distinctly under
cantrac,eS Nv anS eomnspV psson or rndr
either the said Sloo Of aray grant as Is provided in the
eighth article Of this charter.
$500. -
AhrioLE VIZ
No dividend shall be declared before the railroad is
than per cent tolls receipts
@ a he an n5 Of
iol So a. Keen tbs diydends own 10 Is nsr psr sn
nun I'M; ~ m s; t,, ~, ,. 49, IT,, ,,.,,. - a., -. =.
dYidsnds bs he ompauy M a from az s o of
porason Of and pAseSss '0S i0
ARTICLE VIII
The SIX hundred thousand dollars sdynneed ~ n & Falcon
by The Company in its bonds on such terms as NAV be
s Mexesn pmen in ths pe prosts as p % IN S
sioa eranf =" '' N' p''"' rs p''ueu IN "''
'''' sA Apr,c1r w
IT,. ,o.,ns.. ., onnnanv .s, he condno,.a
the city Of New Orleans which shall forever be and remain il
quorum The Directors shall elect President and Vice Pesi
uebt o elr au 70 ese' new De
ors 10 supply occur IN me between IN
az M @ IN ana 4, al esung
.. h ~ ri 70 & y, m peson , ~ Ploay s
eacn ri oe enes ~ ~ os Lega. OF eia
non an ~ process , , may ge msae on tn
person Of NJ ADDRESS at the ocs oil the Com
pA"'' IN '"e HA"D' VI my =. 10 o~ee''
Emile Lasere. John NJ Bell. Alfred Penn. W. K. s,.rke
Lionel q Levy y L. Warner r1, j. w BaTbdge r o HebeI
any nD,ip ts s,st Wnnday In Nav isss hs Isciops & =
and each SUBSEQUENT Board shall be elected on ne tb
Mnay ~ nTI Of each wear and enter on M ~ I.
duties on Monday Of May following No one shall
| ,nTIc,y !, y,
| -, AhrlOLE AL
but the Board in Office shall continue the exercise Of rs function
meethgs o. ~ SUM- Os EVEN py ~ nItee
i IN NJ ie'' 00' 'ne newspapers Now vi
| ARTICLE ALI
amen On ss stoo as reord Se BosTd Of prStsr nn NAV
after days advertisement notice in writing III
ont such previous adversen compel payment B.
| default.
| ARTICLE XIII.
or Of the stock At such meetings shall
Ing diminishing the capital stock the Company for
feSsature Of entitled aet for The
@ pI1S a snd utility
ing in their own right or Ms agents for others AT least
foarhs Of the stock Of the Cpany in order 10 take valid
binding action in the premises at all other meetings of
| represented shall govern.
| ARTICLE XIV.
The President and Directors shall have power omske all by
laws Tor the proper and regular transaction OF bust
TO hold receive and convey under the coc
rate property real OF personal to do any thing hece,
sary Tor the repair or OF the road
herenbeiore described with as many tracks as they may deer
necessary to determine the line and location OF the roads,
to make al necessary contracts Tor the purposes aforesaid
And esmoats and All eaninments De- med NV bem
useful for the Of the Company and in general
every thing necessary and proper 70 effect the objects of TIL
charter including the hiking and collecting oil tolls
tation oil passengers freight ana mails.
| ARTICLE XIV.
The Directors shall have mower Appont all officers and
wants of the Company fix their and remove ther
nj NAV borrow and therefor bonds mote
or other obligations at such terms and on such conditions as
NAV deem be and mortgage the property of tie COMPANY
secure The payment thereof
ARTICLE XVI
.ood onrol ,nso,in ar a. ,s,l ho ,s On
~ hegara Inc .sctian M pectors 10 recsiya 10 tnno
~ iast and bsess and a. ,ba
~, ~ n tbe aasrs al ,viich rseotin, q mi 30,
asDt ~ G financial and other a of the 0on,5any Snail
aiJ hefor No ,nsetn nv ,be PR dent and Dirtnys an
nas isedss MS fnre;n1 The Predsnt ma n;rsntors M
aiI o,heys sn hev think ,oner and II shall he teir Ana,
am s on tbs ,rittsn III ZOO
a. am 81 ha .,nck Of M Con,nany 10 call "a III
to lake into eoaderaon any matters acin II
terast ~ he Comnany Xii mestin@s If sIa
ia beId az he eee Of the Company in he eit Of Nav n
heans "N " 49, SF'' - ~ ~ y WV =
ApTrc1E xvrr