New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-07-09

tb 3tie OF 1e1 WAS h6k1r GnfzB0npsHFy
other pariea having aeapred under rights derived from
Size q, without the knos.edee q tllis BoaIdi aad
grant not being tn this Company TIE grgDon 81 mid Com
b dis existence soad dsesivs he pG6ie and posi-
ean nsgsT ~ " bg NH Z, " * M Z M.
'rsalt Fl sis Board shsIsSEs es Z gIsairaogsy
Rs6Iysd Thstths members 81 the Board soveray hereby
gesolyed That resolutions be published insho
Resolved Thatthis Board stands adjourned sine de-
Icertify the foregoing to be from minutes
/, HRYLIaRR, Secretary
CHARTER
~ or TaE-
LOUISIANA TEHUANTEPEC COMPANY.
We tbs undersigned having agreed 10 the eopstrue
ton Of railroad and other Communication lsghus
ba purpose 81 he Mexican called he ssy and
s S9ed gfssa NV Es b = Y q
under act Of Legislature Of State Louisiana
eorporseon for works of public aud utility nd
We % now subscribe TO and agree the following charter
ARTICLE I.
The corporation shall be called the Louisiana Tehuantepsc
FIRST to have and to enjoy By corporate name
~ ss nv IN tbi yess soaa e eoatsaes gs snd
poate seal fourth to hold receive purchase and convey
and appoint such s1agers directors and Officers al
establish bylaws for the proper uanae1ent md reeuis
ton Of the adas OF the corporation be necessary and
proper
ARTICLE II.
The said corporation established for the purpose Of con
Coatzacoaeos i some point On he Bay q Vsnosa lie
Pacific Ocean and Of constructing also railroad from said
diiions OF said grants known the Garay and So grants
river according to the terms and conditions Of said and
We agree g admit as our associates under this charter uc
stock the terms and conditions hereinafter provided
ARTICLE H. a5t
The capital stock Of said Company shall be millions Of
dollars divided into shares OF one hundred dollars each which
10000 shares oreght millions dollars shall be subscribed
and psid for as hereinafter provided
paid stock and delivered 70 the trustees who bold
~ tnt sSeeaesS ~ a og g H. q h;5 ne aeea
representing res he rights q III Fsconge nov holder
Government.
100000 shares.
ARTICLE ".
Lists Of subscriptions shall BE opened az the times and places
and places 81 the Directors may deeine for subscription to
g much Of said eight millions Of cash stock may remain
after dedueng the subscriptions Of those who sign this
ARTICLE Y.
be Subscribed aforesaid folows per cent at the
time o. s9ossong ten per cent IN sixty days n, Teafer
for by the Direction in nstamen not exceeding
shall be made by advertisements sixty
days in at least two newspapers published in New orieans
ARTICLE WI
On the conveyance to this Company by said Trustees the
d sa sa9 s Ff board j rs ss9q @ IS
Trustees the aforesaid two millions ofOarg " mn pd sos
for lh purposes Of said ust and said stock shall Be consd
said conveyance ad Board Directors shan further issue 10
bonds Of this Company for one million OF dollars pyable
Thai portion q ssid bonds which neI the provisions Q! d
IF s5 e s so a n jha De Pr m t. s
whom said Trustees By the said REQUIRED 10
convey the in the exercise of their sole uncontrolled
stood. that this Company the payment what
either the said oo or aay grant sEsep al Is II IN
eighth article Of this chatter.
ARTICLE YII.
No dividend shall he declared before the railroad com
nan X rer cent I'm ne mi @ g' greater
the road the payment Of running and dividend
tolls 50 as 10 keep the dividends down Is per per
Ths Article shatlnot impose Limitation amount Of
that the Company may declare from sales leases of
portation ofireight and passengers.
ARTICLE VIM.
The sig hundred thousand dollars advanced by P Falcon
by the Company It's bonds such terms may Sc ageed
and the Company will reimburse itself share Of
sloo grant
The business of Company shall be conducted ats office IN
the city of Orleans which shall forever be and remain M
mansnt rSae%ts If civ Fonr Bseos ebs 9
quorum The Directors shall elect President Vice Pres
supply vacancies that the eryais between Tie
stockholders may given in person or by ana
each share shall BE entitled T. one vote Legal service Of eta
pany in the hands Of any Of lis Officers.
ARTICLE x
Lionel Levy, J. L, Warner, j. W Burbrdge p o. Heberi
until the FIRST Monday May 1853 The elections shall be
annual and each subsequent Board shall be elected the third
duties therst Monday Of May following shall be
eligible as Director unless owns25 shares stock,
ARTICLE xI.
failure 9 elect Directors shall dissolve the corporation
un new IGasP e D eeeeq Al notices OF election and OF
leans.
ARTICLE XII.
anenis d h Stock is eqaired re- Bos beos n NAV
after len days advertisement OF notice in writing forfeit the
ont such previous notice compel payment by
default. ''1'.2' -
ARTICLE XIII.
At meetings Of the stockholders elections anna.
ory of the stock represented such meetings govern
except that such meetings called for purpose of
purposes enumerated lie m section # Ill al St VIZ
Legislature Of entitled An ac for the
approved March Attn 1855 shall be composed Of persons hold
oas the Company 10 order % take valid md
binding action in the preInse all other meetings stock
holders and a an elections majority Of those present and
ARTICLE XIV.
The President Directors shall have power all by
laws necessary for The proper aud regular transaction Of bust
mess to hoa a. and convey under the eopo
ary for the consHeon repair MAIN Of the roads
hereinbefoe described with many may deem
necessary to determine the line and location
to make all necessary contracts for the purposes aforesaid to
purchase all materials machines vehicles ships
and steamboats, and all equipments med by them necessary
useful for the purposes of the Company aud general
thing and effect the objects this
charter including the fixing aud collecting OF tolls for transport
tation OF passengers, freight and mails
ARTICLE XIV.
The Directors shall have appoint all officers
wants OF the Company fix their compensation them
pleasure may borrow and ssne therefor bonds
other obligations at such terms and such conditions
deem best and morgage the property Of the Company
secure the payment thereof. w
ARTICLE XVI.
stated annual meeting Of the stockholders shall held
week before the election OF Directors receive tile report of
the last YEARS operations and business and for the examination
into the condition of the affairs which meeting
men of the financial and other affairs OF the Company shall
laid before the meeting by the President Directors then in
office Resides this meeting the President Directors may
call others when they think proper shall duty
time the written requisition of stockholders representing
onetth Of the stock Of the Company call meeting the
stockholders to take into consideration any affecting
interest of the Company All meetings stockholders shall
10 held the office OF the Company nthe city Of New Or
| leans.
! ARTICLE XVII.
Stock books shall be kept in the offices Of the Company
Certificates Of stock shall be issued to Shareholders and
transfer Of stock shall be binding the Company until
its stock books.
ARTICLE XVIII.
The Of Directors shall authorized to contractspacsy
for work. labor, materials lands and effect furnished
1 kfh nI " tT DE- H AZ