The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-01-16
CHARTER.

STATE OF LOUISIANA, PARISH OF ORLEANS.
CRY INV ORLEANS:
Be il Known, That the nth day of January in the
year q our Lord one tgs huRdrei AID
and The Parish q ossas ious.ns duly com
hereinafter named and undersigned, personally and
who that avsns themselves Of the provisions OF
the statutes OF Louisiana relative to the organat OF
corporation for following specified objects and
under the following stipulatiOns, TO wit:
The Official q the Corporation sha be the MIS- MS
SOUTH AND WEST, and it shall have corporate seal,
with the name OF the Company thereon.
ARTICLE II.
The bushes: and legal dS@lsi q the COMPANY Corpora
only by vote Of threefcurths Of hs stockh llders.
AKrIcLs III. as.
The object of this Company to construct otherwise to
s c r on or S pD River or
tsres for the purpose of carrying freight msls and pasen
the purpose aforesaid.
The Pr sdent Of the Company tins ned hereby
stituted the oicer whom citations may served.
ARTICLE v.
The capital stock this Corporation hereby fixed at
live HunSrec Thousand Dollars by vs
subscription shall be payable conformity Article XII
and the remainder shall paid the time and in The
more than cent of aid subscription shall be called for
a. any enc time ana no. osner "a an once N nr and
any time the Board may advisable do
s n
of capital Of Five Hundred Thousand Dollar.
ARTICLE VI.
Three ourths Of the stockholders IN capital shall have the
power TO wind and set the business and affairs Of the
Company st time during ITS existence of making
%odit cations addition: or chances 70 this act. on swing
lshed Ia this city
The Beard Of Directors early shall proceed
the officers Of the which shall consist Of PIe
dent Vice President Treasurer Secretary superintendent
bret Of which shall be from their own Humbsr.
The term for which this corporation is formed shall be
tvensy-hv years
sEc1oS l. The regular meetings the Stockholders of the
Company shall be held annually commencing en- the third
ta sh. choo twenty Of their
the snsung year who shall farm constitute Board Of
the following until their app ned And
named persons shall constta,e Board Of Directors
the affairs of said Company three " HON shall
CHARLES Brigs. william :. Pie Wiiam Creevy, Alfred
ksuo9 ecrfs % sna al @ ar
the Stockholders shall not dissolve the Company but the
tions until a Board be elected.
SIC Members OF said Board Of Directors shall form
have power to make aud adopt Necessary rules and bylaws
for tho Of the Company provided the same do
Incorporation and the laws this State The Board OF
Directors may declare dividends IRON time TO time as they
SIC u any Director shall cease to be Stakeholder
ring h o. once o o
Director the Beard shall have the authority to hthe vacancy
occasioned thereby.
No sochhOldsr shall be hed li-ee responsible
for the contracts faults OF said Company beyond the
shall spy mere informally In tbs oaniz alton OF
Company have the eject Of rendering the present char
billy than the amount Of his her, their stock therein
shoud any Subscriber reue neglect to pay punctusy
his their instalment nstaments. the falls
added thereto nom Inaiur ~ payment d any
subscriber negect refuses 10 his her or thsr In AL
tie B,sa o. Directors shall have the right Of causing any
upon which iustAent be due TO b
by payment Of such nstallment insaments,
| the board may deem advisable.
| ARTICLE XII
No subscription be binding until the Of two hundred
thousand when the hrst payment OF ter
\ per cent. shall be due and payable
ARTICLE KIN.
The following named tersors Stockholders IN said Com
pany such entitled to the number OF shares
stock placed opposite 20 their names respectively towt
Whsnn Alfred NOultOn, Charles Briggs. Jr. William S
in conclusion the stockholders hereinbeOrs named
sresmens ordaiued and esAsshed By present 70
The purpose above . sns 70 sss, sIse ON
1bus done sua passed the city OF New Orleans. Aforesaid
the nth and s.I srs ss We ws.so IN sSs psesssc
doicatsd in this city who hsrsunto sgaed their name
win saio pA1''s' anu INC A'''' GEORGE CLARK.
1 y. McC. SWAIN