The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-01-10
CHARTER.

CHARTER. ...........CHARTER.
STATE OF LOUISIANA PARISH OF ORLEANS.
CRY OF NEw ORLEANS:
Be Known, That the tn day of January in the
Independence United States of America the
ninetyseco1d before me EDWARD Ivy; notary public, ia
issoned and Qualified and in the Of the witnesses
appeared the parties bersina named sas 1ndesgnsd
who declared that awaiting themselves the provisions
poAons they do BY these into and
constitute corpora for he following specified objects aud
under the following stipulstons to wit;
81.
sItPI VALLEY NAvIGA ION COMPANY or THIS
SOUTH AND Whsi and i ,hsll have corporate seal,
ARTICLE IL.
ton .ha be in the city of Odesns subject removal
only by vote of Ihree-iOurths VI thu SIockh ldsrs.
The object of This Company construct or otherwise to
procure and maintain or more steamboats, other
sells, 70 navigate the Misssspp River
ers and sensay to execie such iucidn al p9wsTs and
privileges he eby hereafter be conferred
or the purpose Aforesaid.
".
The Pr, dent of the Company thus formed hereby
stuied the officer on whon citations may be served.
ARTICLE v.
-he capital stock of this Corporation hereby fixed at
Five Hundred Thousand Dollars by five thousand
subscription shall be payable 10 conformity Article XII
AID the remaiode shall be paid a. the time and in the
more hsn ten per cent of aid subscription shall be called
provided also tba tie Company nav commence business At
time the Board of Directors may deem advsabst
ing One Million Of 1oiars by vote sssusinS thP
of Ihe capital of Five Hundred Thousand Dollars.
ARTICLE
ourths Of the stockholders in capital shall have the
Company at tins during its existence of making any
sixty days previous notice in two Of the newspapers pub
lished ia this city.
The Directors early day shall proceed to elect
the officers OF the corporation which shall Of Pref
dent, Vice President Treasurer Secretary superintendent
frst of which shall be from their own number.
ARTICLE
The term for which this corporation is formsd shall be
twenty years
The regular meetings the Stockholders ofthe
Company shall he held annually commencing On the third
tai
for the ensuing who shall fern and constitute Board Of
the following until their app tinted And
ppn s Il b % sas 20
the affairs of said Company three Of Shom shall
Charles BTisg.. wi liam 7. Pae william Greevy, Alfred
soOltOn, George A FOsdiek and David DeH.vtn.
kKC failure to eecs Directors at nesting OF
the stockhcders shall not dissolve the Company but the
Directors then in Office shall eostinue 70 exercise their fan
SEC. Members OF said Board of Directors shN form
have power make adopt all necessary rules aud
for The Of the Company Poyfsd 9; s do
Of Incorporation and the laws this state The Board Of
Directors declare dividends from time to time they
SIC " any Director shall cease to be Stakeholder d-
the death absence resignation
Director the Board shall have the authority to the vacancy
ARTICLE Z.
No stOckhOldsr shall ever be held bic or responsible
amount Of his her or their stock in sad COMPANY, nor
shall any informally in the organic alton of said
null or Of exposing stockhodeT any greater liza
biy than the amount Of his, her their stock therein
ARTICLE xI.
shopd any subscriber refuse neglect to pay punctuay
his her their instAmeut instruments the falls
due at the rate ofeght cent annum shall be
sdaed thereto from a.ST 1ni hSai PsysI S-d u any
within thirty days the specified time payment
Directors shall have the right Of causing any
upon which any nstsment be due to be
sold at auction TO oe said sae shares or to mpe
the board may deem advisable.
ARTICLE XII.
No subscription to be binding the Of hundred
thousand col subscribed when the first payment of ten
per cent. shall be due and payable.
ARTICLE XIII.
The following named rersor Stockholders In said Com
and such EMIT ed TO The number OF shares OF
stock placed opposite TO their names respectively t1wt:
Wi liam Ureevy. George A. Fosdick Thomas A. Adams, VIM
whaun. Alfred Moulton, Charles Briggs Jr., William g.
Pike, ID DeHayen.
And in conclusion the stockholders hereinbefors named
in f the Aforesaid stplstos covenants
eemeDts ordained and aished by for
the above mentioned and TO that effect on have
herein shove subscribed their names respectively.
Thus done and ppssed city OF New Orleans aforesaid
the day nth and year first ab We written IN the presence
George ark ard McC swain, witnesses Of awfs
dCmicaud in this city, who hsreunto signed their
with said parties and me notary. -
+. McC SWAIN.
EDWARD IVY, Notary Public.