New Orleans Republican., 1868-08-04
CHARTER.
MISSISSIPPI AND MEXICAN GUI-
SNIP CANAL COMPANY.

STArE OF LoUISIANA-PARISH OF On
- leans-pty Of New Orleans s4s IL k..es ,, ~
this sixth dsy OF july in the year of Jno ora'
thousand eight hundred and sixty eight and n ~
Independence Of the United States of America 1Ia
ninety third. before me, Henry O. DibbIe NS,.ss ~
Public, IN and for the parish and city Of New n
qualified, and in the presence of the witnssssasd sad
hereinafter named and undersigned, persopSH,
herennto subssr bed who severaliy declared tSis tSs
awaiting themselves ~ the provisions of the stat
oi o. ane S S1ste OF louisiana relative to the organI
ment and utility, they have coyenanted and arranss
and DO BY Thea presents covenant, agree, and bios
themselves inte and constitute corporation for t
objects and purposes, and under the stipulat,os:
ARTICLE FIRST,
The name OF the corporation shall be 'tTha NJ.
sissippi and Mexican Gulf Ship Canal Comnanns4h III I
Prsednt eSe ~ snS AL De the city Of New Orleans and
whom citation may be served. @Pa
ARTICLE SECOND.
The object and purposes of ths corporation are "a,
open and maintain q naviRable canal between Nv
MEXICAN Gulf through Lake Borsne4 se mnder al tae
ira ehise granted by the State of Louisiana to Riss
ard A. Stewart, his associates and assigns nv se,
1855 D'' '''" u Slio ''"'e approved March q
ARTICLE THIRD
The capital stock OF the company is herabv &C.,
at two millions of dollars, represented by ~ ~
Thousand shares Of one thousaul dollars each, ps,
bn u
of Directors may determine. @'u
ARTICLE FOURTH.
AN powers of the corporation shall be vested in
Board OF Directors, consisting of six persons ~
shall be stockholders Of the corporation, "-s
ON the first day OF Juf e, 1859 and annually tbe,.
after election for said Board OF SIX Directors sb
be held at the Office OF the corporation Of wbiSs
election previous notice fifteen days shah he c;,
IN Two newspapers published in the city of New n,
leans A plurality Of votes tcounting one vote n,
each share voted upon shall be sufficient In nv ~
SAID Directors, who at the first meeting after ths
election shall choose Of their number for PES,
uent OF the Board as well IS OF the corporation
ARTICLE FIFTH
The President shall preside at ali meetings nj IN,
sald Board, or OF the corporation in case OF M
absence or inability TO act the Board of Direeo,,
snall elect one OF their number President pro tenn
VINO shall for the time beng exercise the full poWsr
OF President The failure 70 elect directors as Sis
said shall not dissolve the said corporation but tis
directors then in office shall he over until snotbs
election IS held of which notice shall be given as aba
Reid. RIi.O'u 0f anu 'iA commune I'LL an election b
ARTICLE sIxTH.
The Board Of Directors shall appoint Secret,,,
treasurer, and all such Clerks and Agents as ma
be necessary may remove the same at pIeas1re.
txthe salaries OF all officers of the corporation ssi
the amount OF security that snail be required from
any Of said office and agents, and shall make srd
establish, such by laws for the proper management
and regulation OF the affairs OF the said corporaton
as may be necessary and proper A majority Of In
sad Board shall be necessary 10 form quorum n
shall also, have power to I'LL any vacancies that na1
occur therein by death, Absence resignation Or am
o'ner cause ,rr,,,-, -,-,-,,,..
h"AlVLb hhFENIH
Each shareholder at all meetings for the election
OF Directors, or other pirposeg shall be entitled a.
or by pFoJy to one vote for each share Of sto
held by hiins
ARTICLE EIGHTH.
An transfers of s,ocL shalI 10 rooor5ed =. tLs.
of saiJ cnInSay ~ sl e seoQrded e. the eflts
that nm T1ose. tie nav, ~ ~ PC kepttli
herself by the mere gct Of recor5intS sneb trs
fer to abide by all tho terms o0pdifions and sti
latons of this aud any and an the rpies regl
tions, or bylaws made and adopted in nIIrsusre,
thereof. " '0A'' y
f5s AaTTCIE E1NTH
This corporation shall h. 49, cort;,,,o e.,
dnrirs, ~ 49,, - $50. " a1u SO4sHuue lor and
t6 Az ~ VIZ, as q. Ve year from and ais
G mue9s III u suon AZ lMo thFds OF ats capital stock
'Nai HA'e 'een subscribed ior'
ARTICLE IENTH.
The following named stgoknolders viz. Is-a
%. hUyes William w Howe Owns Russev T-'II -'I
II gby, Thomas j. Durant md hsrn1sI I gr z y
are hereby constituted thC rst board of iiirerto
VINO shaft al thcir trsr r'ect, ei VI Dltegiols,
number as Presiient Ana tbs All RCsTd i1Sl g
ad Presideat shall serve 1nt snpersea y A. i!. NJ
successors TO be elected provided in article oprb
se B2STd snI @ oi D6setors may seeePt for the c