New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-05-14
TOWROAT COMPANY.

GTATE OF LOUEsIANA-PARIsH OF OR.
Starke notary public and said State and parish
duly commissioned and qualified personally and
stockholders who sevesy declared that they hereby form
associated WITH them Corporatop far ne TsTe
after defined and have and do hereby the following
ARTISLE The name and title Of the Coporation shall be
right bank
ARTICLE Il The purpose for which the Company formed
and established and the business TO be carried is the
ing Of vessels between the city of New Orleans aud the
aboveon the Mississippi river to which vessels may require
ports the Gulf the shore and to Mobile
anf to lighter or nv assist vessels in distress
on whom citations to all suits may be served
fixed at one hundred and dirty thousand dollars Divided
thirteen hundred shares of hundred dollars each which
have been full paid with privilege of increasing the Capital
Stock to two hundred thousand dollars,
incident corporations and authorized by law the
Of its duration hereby hEed at to commence from
Managers Of whom the President for the time being shall
Article vi An annual election Of Managers shall take
December Of each year and an the regular election take
Ay& me iooWhg haei persons shhl comprise tue hrst
soard Of Managers to serve until Superseded by the new
ARTICLE VII The Board Of Managers shall at Their first
meeting elect one of their number to be President of the
poraton who shall preside at all meetings the Board
casting in all its deliberations, and by whom all evil
dences of DEBUT contracts Of the Company and certificates of
stock shall be sgnedi shall subject 70 the approval Of the
the Company shs SUBJECT to the ike approval dsct and
control the employment Of the boats Of he Company shall
keep the funds Of the Company in some bank in the city New
Orleans and T gpFs 6t The oqS on y9shf @
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 shall absence from the
Stockhoder, from insolvency inability to serve
ART, IX. Dividends of the profits shah be and
hn n1anT tIf pft
Stockholders herein contemplated for tie election Of Mana
ART X Said Managers shall furnish semi-annuay on the
first of September and first of March, to each Stockhuder
DO 50 BY Stockholders representing vohirds q the
at the time named by said stockhoders Provided ian
previous notice be given OF such intended meeting.
ART XII At all the elections and meetings Of Stock
holders each Stakeholder snail be entitled to many
Arr XII On the Dissolution of the Company either by
voluntary act of the Stockholders or by the expiration of the
settle and wind up the business of the Company
that purpose sell the boats of the Company and
shall collect all accounts debts and claims due the Com
rom the date OF the dissolution of the Company After pay
me1t OF debts during the progress Of liquidation dividends
ART Kill H a. the expiration Of The term Of the present
alteration addition be desired by the like number and in
eres then and in qeh case the act of said twohids shall
ARTICLE XIV This Corporation formed under the act
Of Generations for works public Improvement and utility
and is intended to possess all the powers conferred by
acts and and proper for the purposes of its rma
Or through said Corporation 9 It's contracts faults in any
The Stockhoders hereby assume the purchase the steamer
Levisthan Gladiator and Perry and the operetioa
ofgaid boats since theirpqrchase by Mr. Leach.
Thus Gene and passed in my Office, the city of New
Orleans, the presence Of Felix Grna Jr and Thomas
Henderson witnesses Of lawful age and doielaed in
city who hereuno sign their with appearers AM
me- notary on 'his day Of April in the year