New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-06-11
CHARTER
-oF THE--
LOUISIANA TEHUANTEPEo COMPANY.

seal fourth, to hold, receive purchase and
and appoint such directors and oess
absh sae ~ laws for she progsr md reenIs
Ion o. the affairs Of corporation may airy and
roper.
ARTICLE II.
The ssd cooperation Z established 70. ne purpose Of con-
pon on nss s B q q q
Pacific Ocean aud Of constructing rlso rsresd from said
iions aid GsTay grants
aeeons 10 me terms s and eanoa g Il ala
aree admit this per-
ock upon The terms and condtons provided
ARTICLE III.
r.: s e e. sS
hall be appropriated as follows vim
and paid for as hereinafter provided:
7Oo ha,es two millions Of dollars shall Be issued s
ne t,e % said Gsrsg AID sloo grants under The deed
epessnlse he rsht. q Psleoanei sow holder
Of the sloo grant under tbs decree Of the Mexican
Government.
100000 shares.
ARTICLE ".
Lists Of subscriptions shall be opened the times and places
required by The terms Of said grants and at such other times
ss q Ia gs q % & a. 1
after deducng the subscriptions Of those who sign this
charter.
The payments stock subscribed and to
S ss ss ere As h s,y s cent Al The
cent IN ninety days hereer ard the remainder called
eseh At intervals Of less aa sixty days .s os oeE
payments shall be made BY not less than sixty
ARTICLE vi.
On the conveyance this Company by said Trustees
said right. IN said Sarsy and sGO grants IL ssecrdanss viii
Trustees the Aforesaid millions Of dollars full paid
cred ID ali respects as Il ps ia cash: and on the execon
convey snes Directors further issue
bonds Of The Company for million Of dollars payable
to Be used for the payment IF he S S
contracted under the Soo shall be appropriated TO the
whom said Trustees are BY the terms o. said trust REQUIRED g
n 2, S SHS
stood that his Company the payment q no debt what
Ssr the said o aIay grant the
eighth article Of this charter
ARTICLE VII.
No dividend shall be declared before the railroad Is COM
pleted The Company shall not derive revenue greater
than Is cent from It's tos and whenever from
tolls shall exceed the amount required for the maintenance Of
the road the payment Of running expenses and dividend q
tolls to keep the dividends down to Is cent
This article shah not impose any limitation on the amount Of
dividends that the Company may declare from sales leases Of
portation Of freight and passengers.
ARTICLE VIII.
The six hundred thousand dollars advanced by Falcon
By the Company bonds as may Be agreed
and the Company will reimburse itself Of The share o.
sloo grant
the city New Orleans shall forever be and remain IFS
domc by nine Directors Of whom least shall per
quorum The Directors shsf elect President Vice Prss
o SS hat IN Ss Between he
elections AT all elections for Directors meetings
each share shall be entitled . one vote Legal ssfvcs q eta
qS d II 0 r. e. o n
pany, in the hands Of any of its officers.
ARTICLE K.
Emile Lasere John NJ Bell Alfred Penn, W. r. starke,
O.. L. j. w IRA eherf
and Duncan Keuner shall the FIRST Board Of Direct
annual and each Subsequent shall be elected on the third
Monday Of April q each year and enter on the discharge q Z.
eligible Director unless he owns IS shares Of stock
ARTICLE XII.
failure elect Directors shall dissolve the corporation
Board in office shall continue the OF functions
until Board be elected All notices Of election and Of
days advance in at least Of the of New Or
leans.
In of failure the part any subscriber pay the In
saments his stock required the Board Directors
and sell for he benefit Of the Company, may, with
previous notice advertisement compel BY
default i.N ''''-''''-'' '' : ''''''N WV '''
At all meetings Of the stockholders elections
ioty OF the stock represented such meetings shall
hs such % ARE called for III hs Of
Of the purposes enumerated in the fifth section Of the of the
Of soporaons Tor worss Of public and
approved March Hath 1855 shall be composed Of persons hold
orhs Of the stock Of the Company in order 70 take valid and
SOd and Il ali Elections majority Of those present snt
ARTICLE XIV.
The President and Directors shall have make all by
laws necessary for the proper and regular transaction Of bust
ness TO Mold receive ana convey under ne coIpo
ssry for construction repair the road
al Us
and steamboats, and all deemed By them necessary
n the
| tation Of passenger, freight and mails.
| ARTICLE XIV.
The Directors shall have to appoint All officers and ser
pleasure borrow money and issue therefor boads note
may deem best and mortgage the property Of the Company
secure the payment thereof
stated annual meeting of the stockholders shall be held
week before the election of Directors to receive the report
into the condition Of the affairs at which meeting full STAT.
financial and other affairs of the Company shall
o Rdss ss nesting the and %
ns Sas s as
hfh of the stock Of the Company, to call meeting Of u
nssrss Of he Company Ali mssnss Of stosEhodsrs ha
e held at the once of the Company, in the city Of New o.
leans.
STICK books shall be kept in The offices Of the compsn
transfer Of stock shall be binding on the Company until MAD
ARTICLE XVIII
The Board Of Directors shall be contractspecsI
for work labor Materials lands aud effects to be furnished
the Company payable in WHOLE or In part In the stock Of
Company, ninth the whole amount Of the capital stock Of
Company shall have been exhausted.
ARTICLE XIX.
As II will be
the Government Of Mexico, and that Of the United
Messrs Emile LHere and j. r. benjamin hereby made
Joint agents Of the Company, with full power wi
either both Of said Governments for such modification
cious for securing full and perfect protection rights
interests Of this Company
ARrIaLK Xxx.
At the expiration Of the charter whenevethe dlssonii
OF the corporation shall render its liquidation
commissioners shall be elected by the stockholders whose d
shall be 10 take possession the property OF the CopAn
and conduct its business final liquidation on sncn
IN such shall be determined by meeting o. soe
holders regularly convened for that purpose anu ~
expiration majority Of the
In and number, shall desire 20 renew ne snme -,
further tho stockholders dissenting from
shall be boun1 to transfer their stock % nose aesins e
chosen for that purpose.
New Orleans, July 30 1871. r..-.L....
. Emile IVY snhtoa.
John NJ. Bell. ritty snaIes
]. w. Burbridge lily shales.
}. I T. warner Fifty shares.
y Lionel o. Levy riiy snaEce.
n. afarke. IVY mares.
Duncan y. Kenner.. ..s... ElitS SHARES
ALFRED Penn, per pro. Emile Lasere Fiily shares.
John slidel per pro. Emile LASere .fifty shares.
p. HaTgous
Per pro. J. p. Benjamin. One hundred sha
J. ?. Benjamin. ritty SHARES.
D. Denegre.. Fls.y snsres
r. o. Hebert.. MY shAhes
The undersigned Recorder Mortgages in and for the
recorded this day his Office In book society No folio v
JOHN HOLMES, Reeorde