New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-09-03
CHARTER.

CHARTER.
limited STATES OF AMERICA,
STATE OF LOUIS ANA-cITY OF NEW ORLEANS.
Be IT Known that this twenty day Of August
the ninety first before Aph9nse Barnett notary public
any and swon srsone and
are s rsng S Of the e
tutes of the state Of Louisiana relative to the
and do by the presents covenant and bind themselves
Gss %nS s o @ t. a55
der the stipulasions ana regulations following.
| FIRST.
R k AZ N s a hGR2pRspGSM 's E r. h4kk
by which shall be known well and be sued Its
6 y hereby eststsed at gsr D h perish Snd
It's affairs shall be sooner qudated as hereinafter provided
ARTICLE sEcoso.
the business be @ decaged to be
to and nsntain Dry Docks Tor We build
The Prs dent Of the aforesaid Company shall be the
wherein the said Company ay be interested
ARTICLE THIRD.
The capital stock of said Company shall be SIXTY THOU
SAND DOLLARS divided into Sig Hundred Shares Of One
sum Of ONE Hundred Thousand Dollar By majority Of
|
said Stock shall be paid the time Of signing this act and
5saPSS at Thirty Sky o. and One Hundred s and
Company shall its business as soon as the sum Of
|
The management and control of the Mechanical Branch
said Company shall be confded to the of sad Com
and the Financial affairs to Board Of Five Directors
constitute do buainess which Directors shall
The Board Of Directors shall composed Of the fol
a ys Sn o ia egneao N
office until the third Monday of May 1861 until their sue.
be elected on the s Monday in May Of each year at the the
year their elected and qualified The
Board shall Stockholders act as inspectors at
ARTICLE FIFTH.
At Al and msstpg q the St g eoss
an ese s sa DE Of lH f e 81 @ 10
holder shall be entitled to vote any share transferred to
him or them within ninety days prior to such elections and
The Board of Directors shall at their first meeting elect
of their number to be President of said Company who
shall preside at all meetings Of the Board and have casting
Company certificates of stock shall be
s bis eecen and dsrng the IN oce
in his own name or in that Of The commercial house Of which
ARTICLE SEVENTH
The said Board shall have power make bylaws for the
and fix the fees of said agent for receiving dbur8ing
the COMPANY e shall give for the faithful performance
good satisfactory security suCH
amounts as from time to time be determined upon by
! the Board of Directors.
ARTICLE E1GHrH.s
o Mclean and j. W Gerard are hereby constituted and
appointed anagers of said Dry Dock and Ship Yard and
Sclmkey hereby appointed foreman Of the same The
said managers superntend the construction of the Dry
Dock Of said Company ug il, comPetiog and h to make al
9aa cSnfaets 9t me 1 n say si T u s
the benefit STOCKHOLDERS until expiration of this
IN amount Of tue Stockholders atameeng convened fol
Treasurer the OF the Dock Yard
They shall employ all workmen and discharge the same and
fixed BY the Board Of Directors from time to time as may BE-
may be filed by the Board of Directors,
ARTICLE NINTH
The Board of Directors all dividends they may
deem advisable and proper The Bookkeeper to act as Secr
be appointed by managers by and with the
sent ana approval of the Board of Directors.
ARTICLE TENTH. we
If any of the Board of Directors shall to be
Stockhoder during his of service his office shall be de
cared and in the of the permanent absence
the Board shall baye power fill oecasionet
s9 s n F5 ba on Tho
Monday Of Nay and N9yenber of each year Special meeting
ayers, after due notice.
ARTICLE ELEVENTH. ..
All books Ct the comDany except the T5easnEers shall b.
sept Dy the n who shall Keep tru9 ana efrree
shall at all reasonable times be open to the inspection of th
detailed statements Of the affairs Of the Company for the u.s.
s ne each stGe BE-
all transfers Of stock shall be entered therein lie shall Pre-
pare for each meeting full and detailed aecou
stock and material hand aud balance sheet to be suo
mitted at said meetings
+ ARTICLE TWELFTH
Ali shall be made in the office the Com
pany and led in books of transfers to be kept Tor tina
purpose The new Stakeholder assuming the conditions an
adopted by the Board of Directors pursuance thereof
ARTICLE THIRTEENTH.
Any Stakeholder who shall neglect pay any instamen
ordered by the Board of Directors shall forfeit to tn
holder in said Company.
FOURTEENTH.
toekh9der she not be fesgonsiRe for losses Or dan
incurred by said company beyond the amount OF cap
stock held and owned by him or them respectively.
ARTICLE FIFTEENTH,
Al the time of the expiration of this charter or sooner
y Is M a 2T n5f
the charge and suRerit Of three to
office until the final liquidation OF the affairs of said COMPANY
! ARTICLE SIXTEENTH.
This get Of s2Tporaon may be modified altered Of amen
ed or the sad Company dissolved at general meeting to
English in newspapers of this city, and with the
any and all such modifcqtoD alterations, amendments
dissolution shall be recorded and published according TO law
of ARTICLE SEVENTEENTH,
In all elections for Directors the votes shall be by ballot
those persons receiving the plurality Of votes OF the
holders present. shall be considered duly elected and in Il
Fourth the FRESHMEN sa cause another election to tai
A place within ten days thereafter.
r. ARTICLE EIGHTEENTH
The of Directors is authorized to lease Purchase
hold such real property lands tenements and other
they require for the exgencies
the Company and sell dispose of ALLEVIATE, cucumber
hypothecate the any part thereof at pleasure
ARTICLE NINETEENTH.
The said Company may adoot seal which shall be knoy
and used as the corporate seal of said Company.
;. ARTICLE TWENTIETH
The respective interests of the parties to this
are hereby declared to be as follows towt:
j, O. Mclean. 50 Shares So
J. W. Gerard so p" 81
Kearny, Bois Co. 50 SC
F. Schmtky 90 " 81
W. F. Gerard 80 81
John L Baringer 30 " 3
M Geddes Shakespeare Co. 30 e." q
ar. W. W Care Il Co. 20 " q
- Geo A. Fosdick 81 4" : q
| William HcCracken 20 q
. j. Pemberton 10 " |!
PUG Brothers 10 " II
IN J. Cararas 10 "
w Schmidt.N