New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-07-22
A WORK OF INTEREST.
CHARTER.
MISSISSIPPI AND MEXICAN @
SHIP CANAL COMPANY.

MISSISSIPPI AND MEXICAN OF
SHIP CANAL COMPANY.
| GTATE OF. LOUISIANA-PARIsH OIL
| - leans-Oity Of New Orleans. BE It KNOW
on this sixth day Of July, in the year Of mo Id
eight tSs I and sixty eight and
ninety-third, before me, Henry O. Dibble a
Public, in and for the parish and city Of M
leans, state Of Louisiana. duly commission
| hereinafter named and undersigned, psp}
came and appeared the parties whose naml
hereunto subscribed. who severally declarsl
of the state of Louisiana relative TO the on
ton of corporations for works OF public mi
ment and utility, they have oovenanted and \
and do by the9- presents covenant agree anal
themselves, and those whom they represent n
themselves into and constitute a corporation q
objects and purposes, aud under the stpuh
and regulations following, viz
... ARTICLE FIRST,
The name of the corporation shall be "Tbs
s!ssippi and Mexican Gulf Ship Canal Cong
It's domich shall be the city Of New Orleans ID
President Of the company shall be the officer
whom citation may be served.
ARTICLE SECOND.
The object and purposes Of the corporation
open and maintain nayigable canal betWea
Mexican Gulf through Lake Borgne, unds
franchise granted by the State of Louisiana to
ard A. Stewart, his associates and assigns, b
1855 ~ S'''"'Df'O u S''u ''''' approved n'iI
ARTtoLE THIRD.
The capital stock of the company is hersby
at two millions Of dollars, represented 6yl
thousand shares OF one thousand dollars each
able in such manner and at such times as the
OF Directors may determine.
ARTICLE FOURTH.
All powers of the corporation shall be vested
Board of Directors, consisting of six person.
shall be stockholders Of the corporation.
after an election for said Board Of SIX DiTectonl
be held at the office Of the corporation, Of 4
election previous notice Of fifteen days shall b
in two newspapers published in the city Of Ned
leans. A plurality of votes counting one yoI
each share voted uponl. shall be sufficient tsl
said Direotors, who at the first meeting aftsi
dent OF the Board as well as Of the corporation
ARTICLE FIFTH
The President shall preside ct all meetings /.
said Board, or OF the corporation, and in case I
absence or inability to act the Board OF Dir'
shall elect one Of their number President pro
who shall for the time being exercise the full
OF President. The failure to elect directors as
said shall not dissolve the said Corporation bul
directors then in office shall hod over until a.
election is held, of which notice shall be given a
provided for, and shall continue till an electi
held.
ARTICLE SIXTH.
The Board Of Directors shah appoint A Secs
q
be necessary; may remove the same Al pls,l
fix the salaries OF al officers Of the corporatio
the amount Of security that shall be rsauired
any 81 sad once and agents, and shall NAH
~ ps,,Istto,s ~ ~ airs ~ XIV.
as may Be- necessary and proper, A mSio2itHT
~. IL 49,, = n, M ~ ~ ~ "a tt W. Jg'Tp
shall. also have power 70 I'M Sny yaca1cies thaii
occur therein BY death. absence. resignation, u
ARTICLE SEVENTH
OF Directors or other parposss, s6alI be man
rectly or by proxy, to one vote for each share Of
held by him.
ARTICLE EIGHTH.
of 40 cnrn1anv IL : 49, ~ ~ 49, - ~ ~ II
tbss n,Ss,ss. tb ,S b;,,,i,s 4 NJ
or herssIf ~ the mare 5aot ~ rscordinss a,,cb N
fer, To ABIDE by ali the terms, Condition.. and Il
tions ~ Szas msds IA sontaS Eai0S ~
thereof,
-. ARTICLE NINTH
This .or,o..tior .h.li y. 80 ,a.4i.,,. "a,
drrins ia tsvs ~ 9s,41 49, 1,1 WI
tba dsts ~ tbasa nrassyS,ts = ~ a. stte
bnsinsss az aoan a. ~ NJ ~
shan have been subscribed for.
ARTICLE TENTH
The following named stockholders, viz: I'd
Highly Thomas j. Durant, and samuel T. b
are hereby constituted the first Board Of Dires'
who shall At their first meetinR eiect one Of &
number as President. And the said Board and
said President shall serve unlil Eunersads6 nv =
succSss0rs % bs'elected a provided IN sTfeie n
ARTICLE EIEvENTH.
The Board Of Directors may accspt for the !,
ration any power Or privilege Conferred on the
act Of the Legislature. or By any az q the IL
STATES congress .,,,o,v 49,,