New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-05-16

TOWBOAT COMPANY.

GTATE OF LOUEsIANA-PARIsH OF Or
p LEANsBe it known that this day before Theodore
duly qualified personally appeared
several whose hereinafter subscribed as
who severy declared that they do hereby form
among themselves and such others may hereafter become
defined do hereby agree to the following
stipuatiOns to govern said association;
ARTICLE The and title of the Corporation shall be
The Eclipse Towboat Company,' and It's domic is hereby
fxed the town of Agers in the said parish of Orleans
ARTICLE IL The purpose for which the Company formed
ing Of vessels between the city Of New Orleans and the
s I ns Which, ia e SeG Pc o
be towed and TO tow convey freight
Alabama and to lighter otherwise assist vessels in distress
whom citations to all suits may be served
ARTICLE " The amount Of the Capital Stock Is hereby
thirteen hundred shares Of hundred dollars EACH which
have been full paid with privilege Of increasing the Capital
ARTICLE v The said Corporation shall possess ali the pow
Of its duration i hereby hxed at ye years Il from
the date hereof It's business shall be managed by three
be which Managers for the time being shall exercise
ARTICLE VI An annual election of Managers shall take
place At the domci Of the Corporation on the first Monday in
place on the first MONDAY in December eighteen hundred and
Hoard Of Managers to until superseded by the
Board viz Peter Marcy James Lusk and joseph Leach
meeting elect one Of to be President Of the Cor
porau who shall preside at all meetings the Board have
casting ali its deliberations and by whom all ev
dences Of debt Of the Company aud certificates
Board Of Manae appot ali lie Officers ana e@poyees
the Company shall snaise t to the ke direct an
keep the Of the Company bant nthe city
ARrt6EE VIII. The Board Of Managers shall have fu
power to make by laws; shall confirm the app9tn
me9t oil S' Tgess anu Or % I9s a5 nC R
Estate way be necessary f9r tha convenience Of Il
stenboats for the OF the Company l ii vscone
sngs Of the Board for more month from c6asng
be StoSEhoaeT IRON ns4yeney Sf G"y to erJs @ Al
caTed sacb wear within month after the meeting Of III
Stockholders herein contemplated for the election of Mans
Ar X Said Managers shall furnish semlannually on tn
Statement Of de airs Of the Gompany whenever require
to do SO by Stockholders repesentng t~o.thirds of tn
soek sha eau ss d 3 6t " ' Ts 9
previous notice De given OF such intended meeting
Art Al A. AZ i9e eiseiG IDS a4a nfengs Oh STOCK
do ne VII On the dissolution of the Comnapv sither h
voluntary of the Stockholders by the expiration Of til
term Of the CHARTER the Managers hen in ONCE shall pr9ce
that purpose sell the boats Of the Company and its stoc
and property Of every description s public or private sale an
pany Said liquidation Shall continue beyond sx month
the dste Of the dissolution Of the q&mRGny AisT ps
met OF debts during the progress OF lqqldateh dividend
ART Xii II at the expiration Of the term IF the
fsm dng rs eSee any
alteration addition be dssgd X tls in MA fam4S pnd La
bind the Other Sto 81 holders
R5sE Of this ate entitled an act organsstc
SpnrogeS March, gb ISL and reenacted March 18th G
acts and necessary and proper for the purposes Of its form
or through said Cooperation for It's contracts faults
6n anH sne be Se nm h sae Swnsd by b