New Orleans Republican., 1868-08-05
OHARTbR,
MISSISSIPPI AND AEXIoAN a,
SHIP CANAL COMPANY

GTATE OF LOUISIANA-PARIsH op
~ leans-Oity of New orleans he il kno.- r.
On this sixth day of July in tbs year of Iuo =.
thousand eight hundred and sixty eisnt' SnSg IN
indopohdsbo5 0i tho UuiioI otatss OF Ams,; =
ninety-third. before me, Henry O. DibbIe, a IS
Leans, state Of Louisiana, duly commIssior.n ~
quAiited, and in the presence OF the VIM
hereinaft:E named and undersigned, perls
came and appeared the parties whose Ism.
her;uuto subscribed. who s-verally decarss
AvailinH themselves Of the provi ions OF thasq
2f the state Of Louisiana relative to the orS.a
tion Of oorP0rations tor works OF public irs
ment and utility, they have ooyenanted and "
and do BY the, presents covenant, agree, ana H
tnemseves, and those whom they repre- ent, 70 ii
objects and purposeS, and under the stipna
and regulations following, viz:
ARTICLE FIRST,
The name Of the corporation shall be 'Th, i
sissippi and Mexican Gulf Ship Canal Cons
Ess dom gu IL shall ali be the city Of New Orleans
whom citation may be served.
ARTICLE sKooND.
The object and purposes Of the corporate,
open and maintain q navigable canai batv.
Eaters OF ,s the mississippI river and those q
franehise granted BY the State Of Louisiana H ~
ard A. Stewart, his associates and assIpna y
issS " ''"'1s y 'A'u ''Ase AppfO'ed Aata
ARTICLE THIRD.
The capital stock Of the company is herehv !,
at two millions OF dollars. represented K, u
able in uch manner and at such times ID tbs
OF Directors may determine.
ARTICLE FOURTH
All powers of the corporation shall be vas,.,
Board OF Directors, consisting of six person.
shalt be stockholders Of the corporation
un the first da' of Ju 9, 1859 and annual,va
after, an election for said Board of six Dlreetoa,
be held at the Office of the corporation, oi \,
election previous notice fifteen days shat h !,
in two newspapers published in the city OF NJ
leans. a plurality of votes toounting one M,
each ehare voted uponl. shall be sufficient u
sSid Directors, who at the first messing aftssi
election shall choose one of their number for ~
dent Of the Board as well as Of the corporation
ARTICLE FIFTH.
The President shall preside at all meetings 4,
said Board, or OF the corporation, and in casa \,
absenoe or inability to act the board of Dirs'
shall elect one of their number President pro N
who shall for the time being exercise the fnII ~.
Cf Presden rhe failure to elect directors a
said shat. not dissolve tue said corDoratiop b,sl
directors then in office shall no d over until nv
eiectior is held of which notice shall be gwen
held. ''''''''
ARTICLE SIXTH.
The Board Of Directors shall appoint Saeu.l
Treasurer, and all such Clerks and gents 1,
be nee ssary; may remove the same at pls,,l
M the salaries Of all officers of the oJrporAtion
the amount Of tecurity hat shall be re0uireslN
any Of said office and agents, and shall nSfs
establish such By laws I. r the proper manarrlN
and regulation OF the affairs of the saiu cornS,-
as may be necessary and proper. A majority NJ
| sa Board hall be necessary to form a onSn.
alsI sl 70 & elect any officer thereof; and said d
occur therein by death. absenos. resignation, !,
! othGr cause.
ARTICLE SEVENTH.
| Each shareholder at al meetings for the s.
OF Directors. or other purpose. shall be enutsif
reotiy or by proxy, to one vote for each share Of N
held by him.
ARTICLE EIsHrH.
| All transfers Of stock shall Re recorded at IN.
Of said company a book of transfer 10 be Eavl
| that purpose; the new stockholder binding birl
or herself. by the mere fact of recording such ~
lations Of this act and any and all the rules NJ,
| thereof
ARTICLE NINTH.
This corporation shall be and continue ir
during the term of twenty five year. from ahilN
| the date of these presents md may oFgApirE
business as soon as twothirds of its caginl a
| shall have been subscribed for.
ARTICLE TENTH
The following nam d Stookh holders viz; I.l
| .. Noyes. William w. Howe, Cyrus Bussey HI
| h'gby, Thomas j. Durant, and Samue, l. BTN
| are hereby co stituted thu Fl st Board Of lrerk
| who shall a. their trst meeting elect one of Nj
number as President. And the said Board M
SAID President shall serve until superseded BY q
successors to DO elected as provided in article lVg
ARTICLE ELEVENTH.
The Board Of Directors may accept for the ss-
ration any power or privilege conferred on tht I
poratiou by any amendment OF the law under Il
tue same ls formed, or by the adoption OF auy
act OF the Legislature, or b. any act OF the Qnl
STATES Congress.
ARTICLE TWELFTH.
The liquidation OF tine affairs of said corporttI
At the termination of its charter or Il sooner N
Nmined upon BY its stockholders, shall be rondssl
BY three stockholders, duly elected BY maioriul
amount OF the Stockho ders, at a meeting cOu1sl
for that purpose after sixty days previous NOTED
tive newspapers Dublishedi New Ori aus. ThsI
ROD OF liquidation, and the amount OF their comb
sation, as also all other privileges to be- couila
upon said iiquidator-, shall be nxed n such mad
As the said stockholders may at such general M
| ing determine.
ARTICLE THlR1BLNTH
The names Of the Stockholders. their residepI
and the respective shares held by each are for
act and opposite the names OF each respec Iyelyl
THIS done and passed in my office, in New Old
aforesaid, in the presence OF Zuinglius McKB
- h- Dihble, witnesses. of lawful age, resided
this city who hereunto subscribed their names I
the said parties and me, Notary, afteI due read
written
(signed JAMES o. MOVES.
W W. HOWE
OHRUS BUSSEI,
l.. j. HIGBT,
THOMAS j. DURAN
s L. BROWN
Witnesses ZUIEoLIUs MCKAY and q. M Den
HENRY c. DIBBLE, Notary Pabi
New Orleans, July 8, 1858. jy7 oaVs