The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-01-17
CHARTER.


STATE OF LOUISIANA, PARISH OF ORLEANS.
CITY NV ORLEANS:
Be it Known That tn day of January in tbs
of the independence the United
anS G OF op STATE 9aS
mi'soned ana qualified and in the presence Of the witnesses
appeared the psrtes herena Ter named aai Undersigned
who declared that avane themselves Of the provisions of
Poraon. they do By these presents form into and
under the following stipulatons to wit:
ARTIcLEI.
The official the Corporation the MIS- ais
sIIPT VALLEY III s sAyIGt 19N GoMPANY or THs
with the name of the Company thereon.
ARTICLE II.
Tie busiress and legal domci of the Company Corpora
ton hai be in the city of New Orleans subject to removal
only by vote of threefcurths Of the StOckh Ilders
The object this Company otherwise
sells, navigate the hissi-pp River its tbu
gers and generally CSecie such incid-na and
privileges may hereafter be conferred on them
or the purpose aforesaid.
ARTICLE ".
The President of the Company hereby
stitued the oictr on whom citations may be served.
V.
The capital stock of this Corporation hereby 6xed at
Hunored Dollars each Ten per of
subscription shall be payable i conformity with Article XII
prescribed by the Board Of Directors provided that not
and oner than in thirty lays and
prosded also that the Company may bushes, At
So 1he capital may be 70 an amoant not
of The capital of Five Hundred Thousand Dollars.
ARTICLE VI.
Three urhs of the stockholders capital the
TO wind and se the business and affairs Of the
modir cations additions changes this act giving
sixty days previous notice in two Of the newspapers pub
hshed la this city
The ard of Directors early day shall proceed TO elect
d ne o Yca S whsa es 81
and such other officers they msy deem necessary the two
ARTICLE VIII.
The for which this corporation formed shall
ARTICLE
SECTION The regular meetings of the Stockholders
Monday Of December, 1865 at which time majority in capt
a shall shoo,e twenty OF their number to serve as
Control for the Of the affairs OF the Company for
until the election Of directors as forssad he folio ing
shall constitute Board OF Directors
the affairs OF said Comp three U HON shall COZ
stitute quorum, viz: Thomas A Adtns William whsnn,
Aoulton, George A Fosdick and David DeHavtn
SEC failure 70 elect Directors at nesting OF
the Stockholders shall not dissolve the Company but the
Directors then in Office shall eoAtnue their fun
SEC Members Of said Board of Directors sh al form
quorum do business and the Bard Of Directors shall
have make aud adopt all necessary Jules and
for tho the Company ded the same do
not conflict with the interest and meaning OF this Act
ncorpera ionn and the laws this State The Board
Directors declare dividends from time to time rs they
SIC II any director shall cease Stakeholder du
ring his term o. office shall he declared vacated or in the
Director the 'sd shall have the authority to the vacancy
occssioned thereby.
ARTICLE K.
sbaT h. old ia
for the faults Of said Company beyond the
amount OF his, her. their stock in said Company
Company have the effect Of rendering the present char
ter null Of exposing Stakeholder 10 any greater LA
by than the amount OF his her, or their stock therein
u.
sheud any subscriber refu or neglect to pay puuctu
his her their instAlmen insallments the same tall
due the ofegh cent annum shall b
subscriber neglees refuses 30 pay his Der or thar IN az
within thirty days after the specified time OF psynent
upon which any iustsment be due b
sold auction, forfeit said shares or mpe
the Board may deem advisable.
I ARTICLE XII
No subscription to be binding until Of hundre
thousand subscribed when the first PAYNE Of tel
| per cent. shall be due and pay able.
| ARTICLE XIII.
The following named Tersor Stockholders in said Com
pany and such EMIT ed to the number OF shares
stock placed opposite 70 their names respective tow
William Creeyy. 9eo,ge A Eosdick Thomas A Aaams " n
Pike, d DeHaven-
And in conclusion the stockholders bereinbefore named
agreements ordained and established by toe act 70
the purpose above mentioned and to thst effect on y hav
herein above subscribed their names respectively.
Thus done and pss.ed city Orleans Aforesaid
the day msnth year first sb written in the
domciatsd this city, who hereuntO signed their
WIN 'AiO P"''''' "-- -- GEORGE CLARK,
| F. McC. SWAIN.