The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-02-01
CHARTER.


STATE OF LOUISIANA, PARISH OF ORLEANS.
CITY or NEW ORLEANS:
Be it Known, That the siIt day OF January, in the
Of Lord thousand eight hundred and sxyeght
niney-seco1d before me- Edward Ivy notary public ia
nsoned ana qualified, and in the Of the witnesses
hereinafter named and undersignsj, personally and
who declared that svang themselves proys6ns
the statutes Of Louisiana relative to the orgsn5atcn Of cor
constitute corpo-st for The following specified objects and
under the following stipuiatons to wit:
ARuCLEI.
official Of the Corporation shall be the MISsIS
sIFPI VALLEY NAvIGA.ION COMPANY OF The
with the name Of the Company thereon.
II.
The business and legal domc Of the Company Corpora
tion shall be in the city Of New Orleans subject to removal
only BY Of thrss-iOurths Of the Stockholders.
III.
The object Of this Company construct otherwise t.
se to run on or navigate the Mississippi River or It's trbV
gers and geDeay to execie such incidental powers ana
as are hereby or may hereafter be conferred on them
ARTICLE ".
The President Of the Company thus formed hereby
stituted the officer on whom citations may De served
v.
The capital stock Of this Corporation is hereby Hxed
Five Hundred Thousand Dollars represented by Eve thousand
shares Of Ohe Hundred Dollars each Ten per cent OF each
subscription shall be payable 10 conformity with Article XII
and the IemaSder sbA be Paa a. t1e time anu IN me man
than ten cent Of aid subscription shall be called for
provided also that the Company may commence business
any time the BOARD Of Directors may deem advisable do
ing One Million Of Dollars bv repressnting two-thds
Of he capital Of Five Hundred Thousand DOlars.
VI.
Threeourhs Of the stockholders in capital shall have the
power to wind amt sett the business and affairs Of the
modit cstons additions changes this act, giving
sixty days previous notice in two of the newspapers pub
AErIcIE VII.
Beard Of Directors early day shall proceed
anFg uffahE .a1fa
dent Vice President Treasurer Secretary superintendent
FIRST Of which shall be from their own number.
The term for which this corporation is formed shall be
twenty-five years
sHcos The regular meetings Of the stockhOdsa Of the
Monday Of December 1868 which time majority in capt
E shall choose twenty OF their humble, to serve as directors
Control for the OF the affairs the Company for
the following year or until their successors ace app tinted And
persons shall constitute Board Of Directors
stitute quorum, via: Thomas A Ada, William whaun,
S1Sss Bsg s@ .b5 s .y GbsH Ce'y Alfred
SEC failure TO eleet directors AZ meeting Of
Directors then Office their
lions until new Board be elected ,,-,,,
TO do business and the ard Of Directors shall
for ~ SoTsrUmsnt Of the Company prov dsd the sane do
not conflict with the true interest and meaning Of this Act
OF lncorpsraion and the laws OF tins state he Board OF
Directors declare dividends IRON time to time as they
deem advisable.
SIC II any Director shall to be Stakeholder du
ring his OF Office il shall be declared vacated in the
the death permanent absence resignation Of
Director the Board shall lave the Authority 10 hthe vacancy
occasoned thereby.
No Stakeholder shall be held liable responsible
for the faults Of said Company beyond the
Of his, her, their stock in said Company,
shall any informsy in the organic alton of said
Company have the effect Of rendering the present char
null Of exposing Stakeholder 20 greater liza
bity than the Of his her, their stock therein
Should any subscriber refuse neglect to pay punctuay
his her their instalment nstaments, as the tails
the rate oeight cent shall be
added thereto from maturity until hual payment ID any
subscriber negec refuses 20 his her or thsr install
Board Directors shall have the right OF causing
share shares upOn which nstameu NAV be due TO be
sold at auction forfeit said share shares or TO mpe
by sut the payment Of such nstament insanments,
tie Board may deem advisable.
ARTICLE XII
No subscription to be binding until the Of two hundred
thousand subscribed when the first payment Of ten
per cent. shall be due and payable.
ARTICLE XIII.
The following persons Stockholders IN said Com
such EMIT ed to the number OF shares OF
stock placed opposite TO their names respectively owt
William Creevy George a. Fosdick Thomas A. Adams VIM
Whsnn, Alfred Mouon Charles Briggs, Jr., William s.
Pike, ID DeHayen.
Il the aforesaid stpuatons asd
agreements ordained and established by for
the purpose above mentioned and to that effect only have
herein ubeye subscribed their names respectively.
passed city OF New Orleans Aforesaid
the DAY, Month and first written in the presence
George ark and McC. swain witnesses Of lawal
domcatsd IN this city who hsreunO signed their names
GEORGE CLARK,
F. McC. SWAIN
EDWARD IVY, Notary Public