New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-01-06

:osporatons for works Of public Improvements and utility and
% Subscribe to and tbs fOIovns charter
The corporation Dan be called the shuan.spse
r 70 have and to esy saeess.son b. her name
. sued their corporate third TO make
so ne. zeal y bold and
and appoint a6s .sa amer.
establish he proper @anssssni and rssai
AKr1cLK II.
The corporation established The purpose CON
Iiy.T point ,hs Bay 4 ys1is.. m ~
the Bay tsnOsa according 70 he con
dion. Of sad the Gsrsy md and
according the and condition. q SAID and
and their assgns as shall subscribe and pay for
stock apon cosdons hsrsnsfssr provided
ARTICLE III.
The capital stock Of said Company shall be ten millions Of
dollars divided into shares Of hundred dollars each which
5000 shares. Or eight million: q dollars shall be subscribed
1000 Ihs,s millions q dollars. shall be issued fan
@ ne s % "a Y ,oe s, usa ~ %
Of trust executed By 7. HsrFous for himself and s
q The sloo grant uSder the decree Of The Mexican
Government.
10000 shares
ARTICLE ".
subscriptions opened places
required BY The o. saa srsnts such
and pses =. ss RseS5s ina, d FOR s.brpon 70
ser dedueisg the subscriptions Of those who sign this
charter.
The payments be made cash stock subscribed
be subscribed aforesaid follows; s
per cent in ninety days thereafter and the remainder As called
Al Intervals Of les, than sixty dsys Gals o stock
en- ha e made By q Nos ss SIXTY
ARTICLE VI.
On the to mi. Company by .sd Trustees Of the
ND Tshs N said SsIsy and Sic grants e With
mllon dollar. a S d .st
cred n al a. paid in essh and on he On
said conveyance raid Board of Directors shall further issue TO
SSaa y million e dollar, payable =
nst to be used FOR the payent Of he debts And Iisbes
GTdsT The Ar, sSo Ss be Pr e. the
whom said @ the terms q said sSS,sS e
diseeien NAV thnk prooer 10 nav il be~ distinctly under
stood this Company ths Of debt what
contracted by company under
either the said soo or Gary grant except as In the
ARTICLE VII.
~ ,,.,.a An =. a..,.,a -. A.. ..u..s a. 80.
sisd The Company sha not derive net revenue greater
exceed the required for the q
payment Of running expenses and dividend Of Is
cent snnu@ there shall Be s'abs diniauon Of the
mum at most 'f = = - 49, - -
dividends that the Company declare from sales leases Of
p'''"'t'N u ~ So 49, -
The six hundred thousand dollars by r. P Falcon
% the Mexican Cove for ne soo grant shall be paid
and the Company will reimburse itself Of he share Of
sioo % grant "s"' ' p'D'' IS p''''D'1 '-
ARTICLE TX.
the sy Of New rSn Which shall forever Is and remain is
mansn reae11 o. sad e . rouT DsSs shS t9n
dent ont Of their body shall have 10 elect new Direct
supply vacancies that he the
annual AT all elections for Directors and At all meetings
each share shall entitled to one vote Legal service q
Psdsnt PERSON or s his address the e q he Come
p"n'' IN inc hAn0S Oh any Of l's omeeis
| AhIiCLh 4.
Lionel G. Levy y 1, Warner J. W BaIbdFs p o Reeeri
the FIRST Monday in May 1855 The elections shall
annual subsequent shall the third
duties hrst Monday of May following No shall
eligible as Director un''. he owns . shares Of stock
failure to elect Directors shall not dissolve the corporation
SS ne hs BOad n T. All ecn nS q
meetings Of stockholders shall be given by publication fifteen
Sys advance In at least two Oh the newspapers Of New
| ARTICLE XII.
o. MI ~ s psr, ap ~ s n1
seT ten days or notice in writing forfeit he
out such notice or advertisement compel payment BY
ssf.n tnD nO '' sun" 10 P''' " WIS "'''' "
meetings of the .oelhOler. and a. all elections. m.
ing diminishing the capital stock Of the Company for
the purposes IN the MN section the act Of the
Legislature OF Louisiana entitled An ACT Tor The organization
OF corporations lot wo.ao pnpne lmpro ana
~, ~ L 80 ri, - s 1880 eo- oSha,s 10, 80
y ~ .,oek ~ ~ oansr ~ orJar ~ tsts .sd ~
pld IN ~ III ,i a. s, ~ ,hs snd
renrssented shall Govern - 49, -
| ARTICLE XIV.
The President Directors power
laws necessary for the proper and regular transaction OF
hold receive purchase convey under
name property personal thing
sary for the repair
hereinbeore described with many they may
determine the line and location Of the roads, and
to make all necessary for the purposes aforesaid
Az materials vehees leans snps VESSELS
or useful for the purposes o the Company In general
thing necessary proper objects Of this
charter collecting tolls
taion OF passengers, freight and mails.
| ARTICLE XIV
The Dirc,or. shall annont ali ocers and scr
Mt Measure NAV money and ise therefor bonds note
o. ntber M sch terms arK On s,,eh conditios NJ
- -, -, "a ros,sa ~ ths rrnnsr,y ~ M !,
sac g ~ nav,,snt tbaraoff e w FNf'' " w PD' -
ee0e ' P"' w .prtc,r xxr
| AShh Avn
meeting the stockholders shall be held
week before the election Of Directors receive the
into the condition of the affairs which meeting full
ment of the financial and the shall
Besides this President
cni heh 4
anv time on he written reaision of
one fifth Of the stock Of the ompany to call meeting Oh M
stokhoders 10 take into any matters n
Of the Company Ali meetings Of soskhoiders sha