New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-09-05
CHARTER.
TINTED STATES OF AMERICA.
STATE OF 1oU1srANA-olTY OF NEW ORLEANS.

in the of our Lord thousand h hundred and sixty
SIX and Of the Independence of the United States OF America
the before me- Alphonse Barnett notary public
Gny commissioned ard sworn personally came and appeared
The parties whose nanes are heFenate su9seeea %ho De
uteB the Of Lousians relative to the Of
corporations this STATE they have coyenanted and agreed
and do by the presents covenant agree and bind themselves
and those they represent form themselves into and
def the stpalsssons ana regulations following.
H ARTICLE FIRST, ....
9Nb ne sa 9PspS ba the HIS
by Which sia be knows e. veil as sue and be sued lis
docie i hereby established Aiges in This parish and
IT'S be sooner Guidated s'heEeinatFer provided
a. ARTICLE SECOND. -
Thepupeses for which said Company established and the
to purchase and maintain Dry Docks for the build
The 81 he aforesaid Company shall be she
person on whom 70 serve citations and other legal process
wherein the said Company may be Interested
ARTICLE HulRp.
BoLGsRs SIX d One
sum Of one Hundred Thousand Dollars BY majority Of ali
the Stockholders amount Of Stock Twenty Per Cent Of
the balance at Thiry sfs Ninety and One Hundred aud
Company shan It's business as soon as the sum
Thirty I'VE Thousand Dollars shall have been subscribed for
ARTICLE FOURTH,
The management control of the Mechanical Branch of
said Company shall be gonhded to the of said Com
pany and the Financial affairs to Board Of Five Directors
% the 81 S 0s sss sa hSm ss
hold their office until their elected qualified
Barf
Ss dSs BIAS y ha an bsr
elected and qualified the Directors shall hereafter
ONCE Of the Agent in New Orleans, and shall serve for one
year or until their elected and qualified The
Board shall appoint two Stockholders to act as inspectors at
such elections
elections and meetings Of the Stockholders each
vote on each share Of stock he represents but no Stock
him q them within ninety days prior to such elections and
-" Article SIXTH.
The Board of Directors shall at their first meeting elect
enc 9 @ to Be = @ Roa 9d S sd
vote at al It's and by whom evidences Of debt
signed Each member Of said Board Of directors shall
P s oR seop end ssPg The IN e hS
he be mber laast ten shares of the stock of said
ARTICLE SEVENTH
Thesaid Board shall have power to make bylaws for the
its oicsFs and members and appoint agent
h hs h sss & sa R s
@ good and sssfaetor seear to such
auoSnts g may from time to time be determined upon by
ARTICLE x1eHrn.S
9. Mclean and W, Gerard hereby constituted and
appointed N Of said Dry Dock and Ship Yard and
said 70 sppeFintspd the construction IF the Dry
Dock Of said Gompany until its and 70 make all
It's completion shaiI carry on tie Dry Dock and bip Yard for
Charter, unless for ease By vote Of otbrds
II am9qnt # The be convened for
money the Treasurer for the Of the Dock Yard
* SO q s R aBa rBe a
fixed by the Board Of Directors from time TO time may
mag be fled by the Board Of Directors, r. al
ARTICLE NINTH. sH l..
The Board Of Directors shalt all dividends they may
deem advisable sd The Keeper to
tRfy tine Board at EtectOrs
ksepsr to 10 and with The con
sent and approval Of the BoRrd Of Directors.
rART1cIE ETRETH.
II any member Of the Board Of Directors shall cease 10 e
during his term Of service his office shall be
~ ne event Of the ebsencs
the said Board shall have power to fill occasoned
holders Tbs said shall meet seaannuals on the last
IL H. Of Re sasa gSas sgesa meetings
ayers after due notice. 5gs O. Egg
js ARTICLE ELEVENTH. 5gl
an books ef the Company except the Treasurers shall be
y ii bass sHG Il sad iS se Which 9hd Boof
sha T. ~ reasonable times bsopen @ inspection of the
detailed statements of the affairs Company the use
Ese stGSa III i fsaS sn
a. transfers Of stock shall be entered therein shall
Of stock and material on hand and balance sheet sub
mitted at said meetings
ARTICLE TwELFrH
An transfers of stock shall be made in the cce of the
purpose The Stakeholder Assuming The conditions and
and adopted by tins Board Of Directors pursuance thereof
ARTICLE rHIRrEENzH.
ANY Stakeholder who shall neglect pay any nstalment
when ordered by the Board Of Directors shall forfeit the
holder in said Company. SID .
ARTICLE FOURTEENTH.
The stockholders shall responsible for ossas or dam
ge incurred by said company beyond the amount capital
took held and owned by him or them respectively,
ARTICLE E1FrEENrH
At the time of the expiration of this charter or sooner
dered by of hereinafter provided for the
ne charge and Of thee be
pponted by the Board of Directors, and shall remain In
ce until the final liquidation of the affairs said Company
ARTICLE SIXTEENTH.
This act Of corporation may be modified altered amend
d. or the said Company dissolved at general meeting
onYsned tor that purpose after thirty notice in French
of the stock represented such meeting and
ny and all such notifications, alterations amendments
senon shall pc recorded and published according 10 law
ARTICLE SEVENTEENTH.
In all eeeonsfor Directors the votes shall be by ballot and
nose receiving the plurality Of vUtss OF the stock
oldeFs present shall be considered duly elected and in the
vent Of no election taking place the day fixed in article
ourth the President tha another election to take
iace witEin ten days thereafter.
ARrIoLR EIGuTEENrH
Tbs Board Of Directors is authorized to lease purchase
'oia sueh real property lands tenements other ap
ypotheeate the same, any p4rt thereof at pleasure
ARTICLE NINETEENTH.
The said Company may ado1t seal which shall be known
nd used as the corporate seal Of said Company. - !
s 4RrtcLE TWnsTiETH,
The uaT1as and re4nertivs i,,4avas4a - a.