New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-05-09
TOWBOAT COMPANY.

GTATE OF AOUEsAANA-PARIsH OF Or
notary Pn6 n and ogihS h STATE 1 AID parish
stockholders who syeray declared that they do hereby form
associated with them Corporation purposes herein,
after defined and have and do hereby agree to the following
ARTIeLE The name and te Fl the Corpora9n shan be
THE Eclipse Towbcat Company and s donel is hereby
fixed in the Of Asier in the said parish of Orleans,
ARTICLE II The purpose for which the Company is formed
and established and tue business be carried the tow
the Mississippi river and the said city and other places
above the Mississippi river to which vessels may require to
ports on the Gufof Mexico Lake shove to Mobile
Alabama and to lighter otherwise vessels distress
ARTICLE III The President for the being the officer
| on whom citations to all suits may be served
fixed one hundred thirty thousand dollars divided into
thirteen hundred shares of one hundred dollars EACH which
have been full paid; with privilege Of increasing the Capital
| Stock to two hundred thousand dollars
incident corporations authorized By law the term
lie date hereof t. business shall &c managed BY three
Managers Of whom the President for the time being shall
ali the powers Of the Corporation
ARTICLE VI An annual election of Managers shall take
place at the dome OF the CORPORATION on the 1st MONDAY IN
December Of each ana Tnt he regular election to take
xysix the following named shall comprise the first
Board Viz Peter Marcy James A. Lusk and Joseph Leach
Article VII The Board Of Managers shall at their first
meeting elect Of their number to be President of the Cor
who shall preside a. ~ meetings the Beard haze
stock shall be signed shall subject to the approval of the
tie Company shall subject the ike approval direct and
Eeep The funds Of he in some bank in the c New
Orleans and disburse the same on proper vouchers
power to make by laws shall confirm the appoint
and for the salaries may purchase or lease such Real
Estate may be necessary for tie convenience OF the
Steamboats, for the of the Compauymay FIJI all vacancies
n their Board and vacancy sa accrue on absence 9s
soekholder from insolvency or inability to serve
clare each year within month after the meeting OF the
Stockholders herein contemplated for the election Of Mana
ART Said Managers shall furnish, semi annually on
Of the affairs Of the Company Whenever required
do so by Stockholders representing twohiFds Of the
the time by said Stockholders Provided, Ten days
Art XII AZ ali he elections and meetings of Stock
holders each Stakeholder shall be entitled as many votes
ARR XII On the Dissolution Of the Company, either by
term u The obarter The ManaseTs then in ocs shall proceed
TO settle and wind the business of the Company and fol
and property Of every description at public private SALE ant
pany Said liquidation Shall continue beyond ak months
nom the date Of the dissolution Of the Company After pay
sRa Be- sIr and The
CHARTER ohs 4; Of ri he should desire
further term Or il during its e'stenSs any modification
eres then and in such the act of said twothrds sha
ARrIcLE XIV This Corporation is formed the
heegsaure Of this State entitled act for the organization
approved March 18th 1852 and seaaced March i! 1866
and il intended possess all hB conferred by salt
necessary proper the purposes of its ma
ton Stakeholder shall be aOle responsible
or through said Corporation for its contracts faults in any
further than the unpaid balance due to the Company
should any such be duel on the shares owned by him
The Stockholders hereby the purchase the steamer
Creole y g Switzerland "Jeane Rogers and the tug
LeYiethsn Gladiator and Perry and the operation
| of said boats since their purchase by Mr.. Leach
Thus passed in my office, at the city Of New
Orleans in the presence of Felix Grma Jr and Thomas
Henderson, Witnesses Of lawful and domiclsed in thi
city who hereunto sign their with said appearers
notary this twenty fourth day of April in the
our Lord one thousand eight hundred and sixty-six-
(SignetD PETER MARCY, and others.
FELIX GRIMA,
THOS. S. HENDERSON,
T O. STARK, Notary Public,
true copy Of the original Act of Incorporation extan
among my official records
New Orleans April IS, 1866