The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-01-24
CHARTER.
CHARTER.
CHARTER...--.....-..- ....cHARrEK.

STATE OF LOUISIANA, PARISH OF ORLEANS.
Orr or NEw ORLEANS:
Be KNOWN Iha, on the ssth day Of January. n Shs
year q our Lord one thousand fgas euSdsea sSd
nnetyseeond before me, Edward Ivy notsry Puohe In
miOped and qualified and in tie presence Of the witnesses
Hereinafter named and undersigned personally came aud
who decAred that avang themselves Of the provisions OF
tbey a. NV these presents FORM them into aad
eonsuts for he following specified Objects and
under the following stpUlAtons, to VII;
..r.
The Official o. the Cooperation shan be the MIsMS;
sIrPL VALLEY sAyIGA IoN COMPANY or THIS
~ AND " ne S%S s sa nave
ARTICLE H.
The business and legal domce Of the Company Corpora
tiOn hall be in the city Of Ne. oesns subject to removal
only by q vote Of threeourths Of the Stockholders.
ARTICLE III.
The object Of this Company otherwise 10
sis 10 run ON or navigate Mississippi River bu
Her and SeDe,ay 70 exeice such Incidental powers
privileges hereafter be conferred on them
The President Of the Company thus formed hereby
stituted the officer whom citations may be served.
The capital stock Of this Corporation Is hereby fixed at
Five HunSree Thousand Dollars BY nvs hSpssnS
subscrpion shall be PAYABLE 10 conformity with Article XII
ssG pre- By the provided that
than per Of laid subscription shall be called for
at any time, and oener than in thirty ys, and
provided also that the Company may commence bushes, q
So capital may increased TO amount not exceed
ing Non Of Dollars, by repcsenting twothirds
Of The capital Of Five Hundred Thousand Dollar'.
Three ourths OF the stockholders IN capital have
power ami sett the business and affairs Of the
Company time during us existence or OF making any
sixty days previous notice In two Of the newspapers pup
lished in this city
The ard Of Directors early shall proceed to elect
officers Of the corporation, which ha consist OF PIe
srd uch ober ofeers as they may deem 6ecesssry
6rst of which shat be from their own nambsr.
ARTICLE VIII.
The term for which this corporation is formed shall be
'"-'' ARTICLE TX.
sKcro, l. The regular meetings the Stockholders of the
COMPANY ib. % ns =. xh ss oy ia eap
h shall chcOe twenty Of their number TO serve As directors
Control for the management Of the affairs OF the 70,
uDt tbs ELECTION Of directors as sforssad The folio sns
shall constitute Board of Directors 70 man
stituts quorum, viz; Thomas Adsrs william whann
Souton George FOsdick and David DeHavsn.
SIC Afaure to elect Directors At Ieguar meeting Of
Directors then in oce shall coutnue to their
tions until ne. Board be elected i, Ill, ,,-
quorum TO do business and the Board OF Directors shAu
for ~ Sov.rOmsnt Of The Company the same do
conflict with the interest and meaning Of this Act
Directors declare dividends from time 70 time as they
SIC II any Director shall cease Stakeholder du
ring OF office it shall be declared vacsted or in the
event Of the death permanent absence o. Of any
0ccasionsd thereby.
No Stakeholder shall ever be held .ble responsible
for the faults Of said Company beyond the
smount Of his her their stock in said COMPANY nor
Ss bs tie EJECT ~ rendering the present char
null, Of exposing Stockhoder TO any greater ia
Ehrd any Subscriber refuse neglect to pay ally
his their intAment or instaments "a the same sls
due interest eight per cent shall BE-
nsseet or refuses 20 pay his her or their in tall
within thirty days AFTER the speeiaed time OF payment
share upon which nsament be due to be
sod at auction forfeit said share shares 90 mpe
" suit payment Of such nstalment nstaments
| tie board may deem advisable.
ARTICLE xII
No subscription to be binding until the Of two hundred
thousand dol subscribed when the first OF ten
per cent shall be due and payable.
ARTICLE XIII.
The following named Stockholders In said Com
stock placed opposite their repee.vey tOwit:
William Creevy George A. Fosdick, Thomas A. Adams VIM
| Pike, d DeHaven.
And In conclusion the stockholders bernbefore named
agreements ordained established by present o
the purpose above mentioned and TO that effect on hAV
herein above subscribed their names respectively.
Thus done and passed city Of New Orleans aforesaid
the day Month and arst sb We written in ne
d. micatsd this city, who hereunto signed their
WIN s~'a parties anu "' "' GEORGE CLARK.
| r. Net. SWAIN
| EDWARD IVY, Notary Public