New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-05-11
TOWBOAT COMPANY.

GtEA'GE OF l.DEbsAAAA-PARISH OF OR.
p LEANs-Be known that this day before Theodore
o tare public in and for the said State and parish
persons whose hereinafter subscribed
stockholders who every declared that they hereby form
Themselves and such others hereafter become
associated with them Corporation for the purposes herein
atipulations to govern said association:
ARrIeLE The name ana title ot the Corporation shall be
fixed in The iowa of Agers in the said parish Of Orleans
ARTICLE IT, 1he purpose for which the Company is formed
and e and a9 sine tS be Carried on the tow
Of the Mississippi river and the sad city and other places
be towed and vessels freight
the Gulf Of Mexico and the Lake shore and Mobile
ARTcLE Ill The President for the time being the officer
on whom citations to all suits may be served
al one and thirty thousand dollars divided into
have been full paid with privilege of increasing the Capital
Stock to two hundred thousand dollars
incident corporations and authorized BY law the term
q its duration hereby hXed at i've years to commence from
the date hereof Its business shall be managed BY three
be which Managers for the time being shall exercise
all the powers of the Corporation 49,
place at the domc Of the Corporation on the first Monday in
place on the first Monday in December eighteen hundred
ixtysx the following named shall comprise the first
Board viz: Peter Marcy James Lusk and joseph Leach
nesting elect one Of their President Of the
poran who shall preside all meetings ct the Board have
denees d contracts of the Company and certificates of
Board of Managers appoint all the officers and employees Of
the Company shall subject to the like approval direct and
keep the funds Of the Comp bank in the city Of New
ARTI6h VIII lie Board Of Managers shall have full
power TO make bylaws shall confirm the appoint
and for the salaries purchase or lease such Real
Company in tie transaction Of its businessmay purchase
Steamboats, for the of the FIJI all vacancies
sngs the Board than month from ceasng
AR X Dividends Of the profts shall be made and de
Sared ea9h yeaT within month seF the meeting q IN
ART X Said Managers shall furnish semi annually on tn
first Of September March each stockholder
statement Of the affairs Of the Company Whenever require
stock shall cali meeting IF tie stqek6Olders take p1ac
previous notice Be given Of such intended meeting
AFT HI At al the elections elect and meetings OF stock
ART XII Ga the Dissolution of the Company either b.
voluntary of the Stockholders by the expiration of tn
term of the Charter the Managers hen in office shall
Rat purpose may sell tie boats Of the Company and its soc
shall collect ali accounts debts and claims due to the Com
pany Ssd Liquidation shall not continue beyond X month
sb be- dsssrsd and to- the stockSodeT
charter twohird the StocEho should 70
alteration addition 5e desired By fS lis number and II
Article xiv This Cooperation is formed under the
Of Corporations M WORKS Of public improvement and utility
aid it is intended to possess the powers conferred BY
acts and and proper for the purposes Of its torm
ton, and Stakeholder shall ever be aoe responsible to
or through said Corporation f? is contracts Or faults in en-
should any such be due on the shares owned by him
The stockholders hereby the purchase Of the steamer
Levstisn Gisdiator and Perry and the operation
Sd boats since then n BY Me- Ls az The o Of MAJ
Orleans in the presence Of Felix Grma, j., and Thomas
citg who Rereunto sisn their nams with appsarers
me n0ty on hls aay al APF n Tue year
0 Isl g6ed ned lnO'''D' s FETER Macy, and others