New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-05-12
TOWBOAT COMPANY.

STATE OF OBSERVATION-DISCLOSURES OF OR.
sa o r hT%h an5 i5 qay 6ei25s ne Theodore
duly commissioned and qualified personally appeared
stockholders who soyeray that they do hereby form
%ong ahu sGSn otnefs q. ny hereafter become
after defined and have and DO hereby TO the following
fife Eclipse owboa COMPANY and ia doie sf bereb n
fixed in the town Of Agers in the said parish Of Orleans
ARTICLE Il The purpose for which the Company formed
and established and tne business be carried the
ne 81 yes between ne CITY o6 seT Orleans and the passes
above tine Mississippi river to which vessels may require
ports Cult Mexico and Lake s6oye and to Mobile
Alabama and to lighter or otherwise assist vessels in distress
on whom citations to all suits may be served
xed at one hanFed and thirty thousand Dollars divided 1tg
thirteen hundred shares of hundred dol each which
have been full paid with privilege Of increasing the Capital
Stock to two hundred thousand dollars.
incident corporations authorized by law the
Of its duration hereby h1ed at i've to from
Managers Of whom the President for the time being shall
ali the powers Of the Corporation - 9S-'''
ARrIoLE VI. Al annual election Of Managers shall take
domc of the Corporation Monday in
December Of each year and until The regular election to take
xtyx the following famed persons shall comprise the rst
Board of Managers to until superseded by the
AE1IcLE VII The Board Of Managers shall at their FIRST
poraton who shah preside at ali meetings OF the Board have
casting ystn all its deliberations, and by whom all evil
osk sa9l y signed shall subject the approval q s
Board OF Mnages all the otcerS ana employees
o o the boats q ha
keep the funds Of the Company in some bank in the city of New
Orleans and TuFs S the o52S on s
power to make by laws; shall confirm the appoint
ment of all officers and employees Of the Company
Estate may be necessary for the convenience of the
Steamboats, for the use of the Companymay fill all vacancies
in their Board and vacancy shall absence from the
be stoGkhoder from insolvency inability to serve.
ART TX Dividends of the profits shall be made and de-
hn
Stockholders herein contemplated for the election of Mana
ART Said Managers shall furnish, semi annually, the
first Of September and first Of March to each soekholder
to do 50 BY Stockholders representing wo-thrds of the
the time by said Stockholders Provided Ten days
previous notice be given of such intended meeting
holders each Stakeholder shall be enttedto many
ART XII On the Dissolution of the Company either by
voluntary act Of the Stockholders or by the expiration of the
to settle and wind up the business of the Company and for
and property every description public private sale and
shall collect all accounts debts and claims due to the Com
rom The date IF the dsoiuon Of the COMPANY Alter pay
mebt OF debts during the progress of inndaop dividend,
shall be declared and dsrbatedto the sockholders
AIT AilI II At the expiration Of the term Of the present
further tenn Of i doTing its ezenge any modification
e theR and IN SqeR case the act OF sad twothrds shall
eegae of this State entitled the organization
WST FIX Bo $ pnS 5rc fna &
and intended possess all the conferred by sale
SRG No eq PRes be Ge5 81 s
or through said Corporation for its contracts or faults in any
further than the unpaid balance the Company
Should any such be due on the shares owned by him
Creole Swzsrleud and Jssaie Rogers, and tugs
Leviahan Gladiator and Perry and the operations
| of sRid boats since their purchase by MI Leach
Thus cone and passed in my my ose at the city 2f New
Henderson witnesses Of lawful age, and domcaed in this
city who hereqno sign their names with said sppearers and
our Lord one thousand eight hundred and siXty-stx