New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-09-04
CHARTER.
TINTED STATES OF AMERICA.
STATE OF 1ou1stANA-crrY OF NEW ORLEANS

The name an! itls # sad C9mPeng b9 Se the MARISE
by which it shall be known az we'll as sue and be sued Its
shH e f op s hs date In
Us affairs shall be sooner quidated as hereinafter provided
AartctE srcoxD,
The purposes for which said Company is established and the
Of the business be carried by il declared to be
to construct and maintain Dry Docks tor the build
The Pres dent the aforesaid Company shall be the
whom to citations and other legal process
wherein the said Company az be interested
ARTICLE THIRD.
The capital stock Of said Company shall be SIXTY THOU
SAND DoLLARS divided into sx hundred Shares Of one
sum Of One Hundred Thousand Dollars by majority of all
said Stock shall be paid at the tins Of signing This and
pay after 5es az @ey IN SFn The s"
shall its business as soon as the sum Of
FOURTH
The management and control oahe Mechanical Branch Of
said Company shall be conf1ed the of said Com
gSny and the fGans@ aar Board Of Eve Directors Ss
constitute quorum TO do uness which Directors shall
first Of Directors shall be composed fel
loving stockholders viz John Geddes j. L Barnger, W
office until the third Monday g May 1867 until their
be elected the rst Monday May of eash year at the
qse Of m Agep in Ns s s5s for @
Board shall appoint STOCKHOLDERS inspectors
ARTICLE FIFTH.
AZ all ssetiSnS and meetings q the stoGkhoder each
vote on each share Of stock he represents but no Stock
meetings.
one e PTsdent Of sa Sas e W6o
shall preside at all meetings Of the Board have casting
all its deliberations and by whom all evidences debt
contracts Of the Company and certificates of stock shall be
his election aud during the continuance in office hold
in his or in that of the commercial house Of which
he may be member at aa ten shares OF the stock Of said
ARTICLE SEVENTH
The said Board shall have power to make bylaws for the
and fix the fees of said for receiving discussing
the COMPANY He SHAH sye FOR lie isbt performance
his duty Treasurer good and satisfactory security such
amounts may from time to time, be determined by
| the Boardof Directors.
ARTICLE E1eHrH.S
j. O. Mclean and j W Gerard ere hereby constituted and
appointed anager Of said Dry Dock and Ship Yard and r
schmitkey is hereby appointed foreman of the The
Dock Of said GomPany u F is eo'Petoa aud to make al
It's completion shall carry Dry Dock and Sup Yard for
the benefit of the Stockholders until expiration Of this
Of the Stockholders, meeting convened for
money on the Treasurer for the use Of the Dock and Yard
They shall employ all wgkmen and discharge the same and
fixed BY the Board Of Directors from time to TIM may
required and of vRcarcy of the Managers the
may be hll:d by the Board of Directors. --44 rs8as
Ia "a 81 sggs ARTICLE NINTH. 3aigas FfRg=sEss g&
he Board Of Directors shall make all dividends they may
deem advisable and proper The Bookkeeper act ece
keeper to be appointed BY the BY with The
sent and approval Of the Board OF Directors. 49, ai s
EAErtc1z3 FgEsra.f
II member of he Board Of Decsors shall cease to be
cred and in the Of the permanent absence
the said Board shall have power FL vacancies oeelsoned
thereby Until the q y regqar mee5ng OF the stock
Monday Of e and ogeber Of each year Special meetings
ayers, after due notice,
/. ARTICLE zLE7EYrH
All books the Company except the Treasnrers shall be
kept by the Book keeper who shall keep true and correct
at 81 reasonable times be open the inspection of ht
detailed statements Of the affairs of the Company for the
Of Managers He shall keep stock and transfer book in
ali transfers Of STOCK shah BE- therein lie shall pre-
pare for each seiannua meeting fall and detailed account
of stock and material hand aud balance sheet to be sub
mitted at said meetings
ARTICLE TWELFTH.
All transfers Of shall be made in the Office ofhe Com
pany and led in books OF transfers 10 be kept for tha
The ne SocS2der assuming the conditions an
TEIRrEEErH.
Any Stakeholder VINO shall neglect Co pay any instament
when ordered by Board Of Directors shall forfeit the
| ARTICLE FOURTEENTH.
The stockholders shall responsible losses or dam
ages by said company beyond se amount of capital
At the time the expiration of this charter or soonsr
ordered by Of stockholders for
affairs of said Company shall be qudatad debts paid under
the charge and superintendent three to be
appointed by the Board Of Directors shall an in
office until the ana liquidation Of the affairs Company
| ARTICLE SIXTEENTH.
This act corporation may modified altered or amend
ed the said Company dissolved at general meeting
convened for that purpose after thirty Gays notice in French
and English in newspapers Of this city and with the
OF OF the stock represented such meeng
and all such notifications alterations, amendments
dissolution shall be recorded and published according law
| ARTIcLE SEVENTEENTH.
In all elections Directors the votes shabe by ballot and
those receiving the plurality OF stock
holders present shall considered duly elected and in the
event Of election taking place the day fixed article
Fourth the President shall another election
place within ten days thereafter.
/ ARTICLE EIGHTEENTH.
The Board Directors authorized to lease purchase and
hold such real property lands tenements and other ap
the Company and sell dispose Of ALLEVIATE cucumber and
hypotheeae the same or port thereof at pleasure.
AETIcLE NINETEENTH.
The said Company may adopt seal which be known
| and used Us tue corporate seal of said Company.
1 ARTICLE TWENTIETH,