The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-01-09
CHARTER.

CHARTER. .........................CH
STATE OF LOUISIANA, PARISH OF ORLEANS.
CRY or NEW ORLEANS:
Be Known, That the 81, tn ds! of January, in the
Of Lord thousand tight hundred and sNtyeght
Of the Independence the United States of America the
nneysecond before me, EDWARD Ivy; notsIy public IN
miSored and qualified and in the Of this Witnesses
hereinafter named and unaersSnso personally came and
who declared that ayang Themselves Of the OF
posons they do BY these esents form themselves into and
constitute CORPORATION for the following specified Objects and
under The following stipulations, 10 Wit;
ARTICLE
The official Of the Corporation shall be the MIS- ais
sIrHL vALtEY sAvIGA !, GioMrAnY o. rAs
with the name Of the Company thereon.
ARTICLE II.
The business ard legal domici the Company Corpora
ton ,ba be city of Orleans s1glsct
oHly by tote of threeOurths of the stockh lders.
ARTICLE III.
The object his Company otherwise to
se to navigate the Mssl-sippi River tdbu
gers and generally to exeic such ncdena powers aud
privileges heeby heea be conferred them
Tor the purpets Aforesaid
ARTICLE
The President Of the Company thus formed hereby
stituied the officer whom citations may be served.
ARTICLE V.
The capital stock this Corporation is hereby Fixed
Five THOUSAND Dollars Represented by FIVE Thousand
subscription shall be payable ia conformity with Article Kill
AID the remainder shs be paid az The time and IN she aa
than cent of ad subscription shs be eaed for
provided also that tie Company may mmence business At
any time the Board Of Directors deem advisable do
inS One hhon Of Dollars by vote sPessniiny twothds
Of he capital of Five Hundred Thousand Dollar.
ARTICLE VI.
Three sourths Of the stockholders capital
power wind and the business and affairs of the
Company any time during its existence of making
aOd atoms. additions changes to this act giving
days previous notice IN two of the newspapers pub
lished il this city. ..
The b of Directors early dag shall proceed TO elect
the officers of the atiOn which shall consist Of PTe
@ u NC rsr as tey nav deem he two
first of which shall be from their own numo,r.
ARTICLE
The term which this corporation is formed shall be
twenty-five years.
sKc1Ios The regular meetings the stockhpdrs
Company shall be held annually commencing On tbs t1ird
Monday December 1868 which time orty in capt
tai Sd III cboOe twenty of their number TO directors
for the ensuing who shall fern and constitute Board Of
the the affairs this Company
the following until their successors age ute Aud
nsmed persons shall constitute Board OF Directors 70
the affairs of said Company three H HON shall
Charles Brggs wi liam ;. Pho william Creevy, Alfred
xoulton, George A Fosdick and David DeIIavsn.
failure t. elecg Directors nesting Of
the Stockholders SHALL not dissolve the Company but the
directors then in office shall oatnue to exercise her fan'
SIC Members Of said Board Of Directors shal form
have power adopt al ,eiary uls bylaws
for tho Of the Co@tsy provided the same do
Of Incorporation and the laws Of this state Tbs 5oari Of
Directors may declare dividends from time to time as they
ste If any Director shall to be Stakeholder du
event the death permanent absence resignation OF any
Drtcor the Beard shall have the IthOy 70 hthe
I'd thereby.
ARTICLE Z.
No stockholdsr shall ever be held Il be responsible
Smo S Of hs her or their to k in ss ComSSay nor
shall any niomaity in tn organiz alton OF said
ter null or exposing stakeholder any greater liza
biy than the amount Of his, her their stock therein
sh,uld any subscriber re'.e neglect to paw ally
his her their instament instameus the tai
due nt'est at the rate ofeht per cent per annum shall be
S pIs o on 11ses 40 nav MS be2 or tS,r In ali
meuts within hirt days after the specified time nent
Board Directors shall have the right Of ctasiGg
npon which any nstAment bs due, TO be
sod auction forfeit said ssare shares or mpe
by suit the payment Of such instamet or instanents
the board may deem advisable.
ARTICLE XII.
No subscription binding until the Of two hundred
Thousand do ed when The hrt payment Of ten
per cent. shall be due and payable
ARTICLE XIII.
The following named arr Stockholders in said Com
pany such EMIT ed to the number OF shares o
Gek placed opposite to Their nsmss respective to w !;
wnsnn Alhed Moulton. Charles Briggs, Jr., William $
Pike, ID DeHaven
And in cepcusiOr the stockholders berenbefors named
in conformation # the aforesaid s'pulaons covenants AID
agreements ordained and ohed by toe act fo
the purpose mentioned snd that effect y, have
herein above subscribed Their names respectively.
thus and passed at the city Of New Orleans azores nd
the NTH and first b written Ia the presence
OF George and NcC Swain. witnesses Of lawful
dOmciapd this city, who hereuntO signed their
GEORGE CLARK,
r. Nee. SWAIN.
EDWARD IVY, Notary Public