The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-07-05

ports the Atlantic Gulf Of Mexico.
The Of said shall be the
whom % citations nee. legal where
n the said Company may be interested.
ARTICLE III.
The capital Of said Company hereby ct the
LARS divided Of Fifty Dollars each ali Of which
be paid At before the signing Of these presens which
Hon, The same should be required BY twothrds capital
ARTICLE w.
The Affairs Of said Company shah be under the direction and
management Of Edward Hggns who may at any time
the privilege Of sssociatng with him from
prevail Of the Board Control who shall Board Of
Agents 10 assist in Aniseng the business Of said Company
ARTICLE "
srcrIoE /. The regular meetings Of the stock
msncng on the hrst tuesday in February 1859 a which
meeting majority IN capital shah choose Eve Of their
Der 10 Directors for the ensuing who shall
sute and form Board Of Control the said Manager
before IL and until The election Of DrSO a. sssT.
aid the following named persons shall constitute the nrt
PENBERToN, j. ARMsfRoNG. J. McOLosKEY'
dissolve the corporation but the Board in ocs shall
continue TO exercise its functions until Board Be
SEC Three members Of said Board Control shah con-
1ts quorum Tor me Transaction Of business and the said
such BY laws rules and regulations they deem requ
affairs provided the shall not conflict with the true in
tent and meaning Of this Act of Incorporation with the
sge they may select Chairman 20 preside their meotng
They shall hereby authorized
sell steamships us real estate etc for the uses Of the COM
ps9y to make contracts leases NOR gAges hypOthecaOns
borrow money and TO Guild be built stesmshpsOr
SEo II any member of said Board shall cease 70 bs
OF sad Company durdE MS term Of service his
permanent absen or resQnation Of any emhsr of sid
Board Of Control Ne said Board Of Control shall have PO~sr
meeting thereafter Of the Stockholders for the Of
SIC The said Board shall meet monthly for the tran
sacton OF business and the Manager NAV call them To-
gether at any time By giving six hours notice in writing
ARTICLE VI
SECTION shall be the duty Of the Manager 20 keep or
pany correct record Of the Procsedngs ac
Ssar Of ~. HS S anal vel as full and
BE shall act Treasurer Of the Company and
psnes Of this city, to the approval Of the Board Of
Control in the name and for account Of the Company and
SOunersgned BY the Secretary, and transact all banking
SIC 2. Ii shall be the duty o, the Manager of said
Company to exhibit caussto be exhibited stOckhOd
accounts and SslonE1s % said co2Dsny and $
sssd ssm on % & 1ns twentieth Of each month
during the preceding month
death Manager the Board Of Control shall mms
distey proceed to appoint Manager pro tenn shall act
holders which meeting The stOckhOldsrs shall proceed 70
60 election sSnnay hsTs and " The ess Of Ss ;Se
ry absence OF the Manager the aforesaid Board Of Control
SIC * the annual meeting Of the stoSRhoIders Of the
OonRs, the Manager may make report Of such matters
interest Of the Company at which meeting each share OF
och IN the sad Company SAIL be entitled 70 vote All
5. The said Msnsssr shan h.vo power 10 appOint
vacancies should subject 70 The approval Of the
sOaId '' my 'm' "''nOu' sanction Of SAID
On the expiration the said term Of twenty ave year..
herenbefore agreed upon for the existence said Company
amsjOriy Of the stockholders capital shall power 70
he property and belonging o said Company and also
disposition thereof and finally Of winding up aad q1dstne
lie Affairs 70 the best advantage. =
ARTICLE VIII.
Threeourhs stockhoders in capital shan hav. tbs
power 70 wind up and settle the business and affairs Of
any notification additions changes 70 this act on Owing
sixty days notice in two Of the newspapers published
ARTICLE TX. rJ5G
All transfers Of stocks shall be made IN the once Of thu
that purpose The Ocihodsr binding himself N said
act Of transfer to abide ey ali the terms conditions tp
made and adopted In pursuance thereof
ARTICLE K.
No stookholder shall be hed liable or Irresponsible
Tor the contracts, or faults Of said Company, be
nor shall nfOrmAity the organization o. said
have me eset q The present charter null
amount Of his stock therein.
ARTICLE XII.
The said Company shall be sued IN its corporate
and capacity and plead and be mpeadsd accordingly
ARTICLE XII
The following persons Stockholders IN said Com
psny and such entitled % the number Of placed
opposite 10 their names respectively, to-wit:
M J. Smith. VIM Creevy, Jno. Armstrong, Thos Lee,
Geo. @. Garner j. B. Murhon, Geo. W. Manson, J II.
staufer A. Shropshire, John remberton Edwd York
Harmon Doane q. II, Bradshaw, David McCoard Kenneth
Bell VIM M Perkins, A. hiltenberger 4 Co. Wihamua
ARTICLE Kill .r
The Beard Of Control shall enpowered receive further
Subscriptions 70 said Capital Stock until the
Scrbec shall have reached the aforesaid one million
ARTICLE XIV. b..
This Association shall go operation soon a. the sum
Of fty Thousand Dollars shall have been subscribed
And in conclusion the stockholders herenbeOre
confirmation Of the Aforesaid stpuRtiOns
Agreements ordained and established by the
the herenbefOre mentioned effect only
DO hereunfo Subscribe their names respectively.
ThHs done and passed the city Of Orleans Aforesaid
the day month and hr.t above written IN the presence
Of Geo Clark ana hcC. swain competent Witnesses Who
hereuntO sign their with said parties and me- nota
John PembertOn, Z. Rigney Geo. W. Manson
William Creevy Marshall ]. Smith. @ " Bradshaw
yaS ncCloskey A Bradbury, n D. Edward Higgins
Jno. Armstrong, Edw. A YOrko.
EDWARD IVY, Notary Publia
In presence Of Geo. Clark. p McC. Swain