New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-07-15
CHARTER.
MISSISSIPPI AND MEXICAN GULF
SHIP CANAL COMPANY.


CTATE OF LoUISIANA-PARISH OF Or
- leans-City of New OTleans.-Be it known that
IN TINS sixth Day of July in the year Of Ino Lord one
independence of the United States Of America the
ninety thlFd, before me- Henry o. Dibble, Notary
Public in and for the parish and city Of New Or
leans, state Of Louisiana, duly commissioned and
ainea, eno n the presence Of the witnesses
came and appeared the parties whose names are
here1nqnto Subscribed. who seyeraly declared that
Of the state Of Louisiana relative to the orRaniza-
ton Of corporations for works of public improve
and do by these presents covenant agree and bind
themselves, and those whom they Represent to form
objects and purposes, and under the stipuist,ons
and regulations following, viz;
ARIIcIE FIRST,
The name Of the corporation shall be 1.-THE Mis-.
sissippi and Mexican Gulf Ship Canal Company
President Of the company shall be the officer UPON
Hhom citation may be served.
ARTICLE SECOND.
The object and purposes Of the corporation are to
waters Of the Mssissippi riVer and tboss ~ ne
Mexican Gulf through Lake Borgne under the
ard A. Stewart his associates and assigns bV act
q the Legislature Of said State approved March r.
ARTICLE THIRD.
The capital stock of the company is herebv 8xaa
at two millions OF dollars, represented By two
thousand shares OF one Thousand dollars each, pay
able in such manner and at such times as the Board
Of Directors may determine.
ARTICLE FOURTH.
.uuo.. - A.. ., :.
Board Of Directors, consisting Of six persons, who
shall be Stockholders Of the CORPORATION.
ostn ~ iact;y 81 ~ ioo an9 1i
be held at the Office Of the corporation, Of which
IN to "a H. ~ ~ ~ " n
leans 4 plurality of votes counting one vote for
sSid Diraetors Who ~ Ss s t Ug NJ 70 Ilss
eeetop t sns choose one Of their number for Presi
ARTICLE WITH.
The pros;d.,4 h.u ....;,o =. -, -...... :. a..
"a shah presloe a. al meetings Of the
h Of q hnS sno IN case o. ms
shal elect one Of their number PTesdant No ts,1
who shall for the time being exercise the fll poNers
Of President The failure 70 elect directors as afore-
said shall not dissolve the said corporation but the
election held of which notice shall be given as above
provided for, and shall continue till election be
ARTICLE SIXTH,
The Board of Directors shall appoint Secretary
treasurer, and al snen CLERKS and Agents as may
~ heossssaEy may tyu reMove tne same AZ pleasure
M the salaries Of all ohGers Of the corporation and
S,ao ~ ~ " ~ S.. man pe from
ssaS III snnh f me npn sa
as may be necessary and proper A mSioTity If ths
said Board shall be necessary to form quorum, as
also 70 elect any oncer thsreot and the said Board
occur therein by DEATH absence, resignation, any
other cause.
ARTICLE SEVENTH.
Each shareholder at all meetings for the eleation
of Directors or other pu rposes shall be antited al
recty by proxy to one vote for each share Of stock
held by him.
ARTICLE EIGHTH
An tronstorso t stoo,, ~ ~ ~
of said company in book of transfer TO he kent for
that purpose the new stockholder binding himself
or herseI by the mere fact OF recording such trans
Ter TO aDlue Dy all the terms condtlons, and stipu
aons OF TINS act and any ana all the rules regula
lions, or bylaws mace ana ADOPTED IN pursuance
thereof - -
- ARTICLE NINTH.
This corporation shall be and continue for an(
during the term Of twenty five wears from and ate
the date of these presents, and may organize foi
bushes as soon as twothirds Of its ca6ital stocl
shall have been subscribed for.
, -
AhrICLE TENTH.
The following named Stockholders, viz: Jane
| o. Noyes. William w. Howe, Cyrus Bussey, L. j
Highly, Thomas j. Durant, and Samuel l. Brown
who shall At their first meeting elect one of thei
Nknf