New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-09-08
CHARTER.
TINTED STATES OF AMERICA,
STATE OF 1ouIsANA-otrY OF NEW ORLEANS.

III
STATE OF 1ouIsIANA-ctrY OF NEW ORLEANS.
in the Of our Lord one thousand egh hundred and sixty
six and Of the Independence Of the United States OF America
g and @ s pa gssSs oeas State Gosnna
duly stoned AMI sworn Rss9G9S Se he apReaTsa
cared that awaiting themselves Of the provisions Of the
in Ills state they have and agreed
and those whom they represent form themselves
corporation Tor the ea and purposes and nm
ARTICLE FIRST.
II "a Us # 1 PAX Hh1sB
GSm M hereby ssebshed Il Agsrs in this PARISH and
shall exist for years from The date hereof unless
or AA''' SINAI '' ''0AS' 'SA' '0 Us ''V'n''' p''t4''
ARTIoGE SECOND ~
The purposes which Company established and the
nature q the business to 30 carried on 6 II are @ BE-
examining and repairing Of River and going Vessels
whom to- to citans and other legal process
wherein the said Company may be Interested Il
ARTICLE THIRD.
stosk Of said Company shan BE- SIXTY
Hundred Dollars each which capital may be increased to the
the Stockholders Of Stock Twenty Gent Of
s d a at Rs E S S Sn ne R
Twenty Days. after threo days notice in writing The said
Thousand Dollars shall have been subscribed for
En ARTICLE FOURTH.
The management and control of the Mechanical Branch of
said & a BE- to The a SG9gs Of sSa Com
chosen from among the Stockholders three Of whom shall
hold their office until their elected and qualified
fe @ Bfad Of Reeg gS 9 d Pc Of the S
Gerard Jos Garay9s hos Riqs who shall contnue in
are elected qualified The Directions shall hefeaiter
be elected on the st onday in May of each year at the
or until their successors elected and qualified The
such elections
Aql elections and meetings Of the Stockholders, each
Stakeholder shall be entitled directly by proxy
vote on each share Of stock he represents but no Stock
him them within ninety days prior to such elections and
meetings.
The Board of Directors shall at their first meeting elect
of their number be President of sd Company who
shall preside meetings tha Board and have casting
an its deliberations and ~ whom iii evidences Of debt
contracts Of the Company and certificates of stock shall be
% e election 29d a p5n 1 h in once G
he may be member ataaS ten shares of the stock of said
Company
The said Board shall have power to make bylaws for the
guidance OF It's officers aud members appoint agent
and fix the fees Of said agent for receiving and discussing
The Company lie shall give Tor lie faithful performance Of
his duty Treasurer good and satisfactory security to such
amounts as may from time to time, be determined upon by
| the Board of Directors.
o Mclean and j. W Gerard ere hereby constituted and
appointed of said Dry Dock and Ship Yard and
scbmitkey is hereby appointed foreman of tue The
said manageFs snpentend the construction Of the Dry
Dock of said Company urt its completion and make all
purchases and contracts for the building Of said Dock
~ T ia fr G e H D9ch a4 S5ip laFa iGf
Charter unless removed Shown Of twohirds
in amount Of the stockholders be convened for
that purpos Thesaid Managers shall orders for
money the Treasurer for the use Of the Dock and Yard
They shall empl ali %9rkmen end discharge the and
fixed by the Board Of Directors from time time may be
may be fill d by the Board of Directors.
| ARTICLE METH.
The Board Of Directors shall make all dividends they may
deem advisable and proper The Bo9keeper to act IS sece
keeper 10 be appQine by tae managers by and with the
sen. and approval Of the Board of Directors.
FAR-IGaa TENTH.
If member Of the Board Of Directors shall cease
cared vaeant and in the event Of the absence
the Board shall power FIJI vacancies oceasioed
thereby un the fist regular meeting thereatter the stock
Wag5or o Ma, and nv u @ ~ scI sar ~ s Iuss
ayers, after due notice.
| ARTICLE ELEVENTH.
All books Of the Company, except the Treasurers shall
he bahs # said fs Company Which
saI at 81 times be open to the inspection of the
detailed statements Of The affairs Of the Company tins
which share each stockhoder be registered and
1 transfers Of stock shall be entered therein He shall pre-
of stock and material on hand and balance sheet to be sub
mitted at said meetings.
ARTICLE TWELFTH.
All transfers of stock shall be made in the office othe Com
pany and eeor led in books Of transfers g be kept Tor that
purp9se The new stockheldsr assuming the conditions and
and adopted by Board Of Directors thereof
ARTICLE THIRTEENTH.
Any stockho1der who shall neglect pay any instaeqt
holder in said Company.