New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-07-08
FURNTTURE-FURNITuRE.
CHARTER.
NIIssI sSIPPI AND MEXICAN ,
SHIP CANAL COMPANY

CTATE OF OBSERVATION-DISCLOSURES OF
- leans-Oity OF New Orleans.-Be it knos
on this sixth day Of July, in the year of mo h
Thousand eight hundred and sixty eight, and
independence Of the United States of Amer
ninety third, before me, Henry @. Dibble a
Public, N and for the parish and city Of n
leans, state Of Louisiana, duly commission
qualified, and in the presence of the M
hereinafter named and undersigned, per
came and appeared the parties whose nan
hereunto subscribed, who severaiiy declare
avalling themselves Of the provisions Of thei
Of the State Of Louisiana relative to the an
ton Of congregations for works Of public d
and do by thes7 presents covenant, agree, an
themselves, and those whom they represent
themselves into aud constitute a corporation
objects and purposes. and under the stiu1
and regulations following, viz:
ARTICLE FIRST,
The name Of the corporation shall be "Tb
sissippi and Mexican Gulf Ship Canal Com
It's dom ell snail be the city OF New Orleans
President Of the company shall be the Of. 5ei
whom citation may be served.
ARTICLE SECOND.
The object and purposesof the oorporat 10,
open and maintain a navigable canal betwd
waters Of the Mississippi river and those
Mexican Gulf through Lake Borgne, IN =
franchise granted by the State OF Louisiana Z
ard A. Stewart, his associates and assigns
1855. ,'iS''' ~
ARTICLE THIRD.
The capital stock Of the company is herebI
at two millions of dollars, represented Il
thousand shares Of one thousand dollars eac5
able in tuch manner and at such times as I'M
Of Directors may determine.
ARTICLE FOURTH.
AL powers Of the corporation shall be We, 4
boaEd+Sf Directors, consisting OF six uerspui
shall be stockholders Of the corporation.
On the 1rst day OF Juee, 1869, and annua,ly
after, an election for said Board Of sly Direct6i
be held at the office of the corporation, oil
election previous notice OF fifteen days shall ID
10 two newspapers published in the city Of NJ
eaeh snare voted upon, shall be sufficient i
said Directors, who at the first meetinr aitsl
election shall choose one Of their number forl
dent OF the Board as we'll as of the corporatioi
ARTICLE FIFTH
The President shall preside at all meetings
said Board, or Of the corporation, and IN easel
absence or Inability to act the Board Of III
shah elect one of their number President pro
VINO snail Tor the time being exercise the full
said shall not dissolve the said corporation, N
directors then in office shall hold over until n
election is held, of which notice shall be given ID
R RsiG. i'r' and 'hAii continue tn an cleo
ARTICLE SIXTH.
The Board Of Directors shall appoint a Sc +,
Treasurer and all such Clerks and Agents 4
be necessary; may remove the same at plei
fix the salaries OF all officers Of the corporate
any Of said Office aud agents, and shall maj
establish such by laws for the proper manas
and regulation of the affairs Of the said c0rp5
said Board 6hail be necessary to form a onorl
also 10 elect any officer thereof; and the SAID
SHALL also. have power to till any Vacaneies III
oeear therein BY DEATH aDsence, resignation,
ARTICLE SEVENTH.
Each stakeholder at all meetings for the Il
of Directors, or other purposes, shall be EMIT
rectly or by proxy t0one vote for each share Of
held by him. .a9fEsA 8H4
ARTICLE RIGHrH
An transfers Of stock shall be recorded al h
Of said company in q book Of transfer to be ID
that purpose; the new stockholder binding Il
or herself, BY the mere fact of recording sucn
ter, to abide By all the terms, conditions, and
lations OF this act and any and all the rates, 4
tons or bylaws made and adopted in pur;I
thereof.
''+ ARTICLE NINTH
This corporation shall be and continue n
during the term Of twenty five years from az
the date Of these presents, and may organ
business as soon aB tW0-thiTds OF its capital
shall have been subscribed for.
ARTICLE TENTH.
The following named Stockholders, VIZ:
o, Moves. William w Howe, Cyrus Bnssey
Highly, Thomas ]. Dqrant, and Samuel l. 4
are hereby Constituted the first Beardof Dir
who shall a. their first meeting elect one Of
number as President. And the said Board al
said President shall serve until superseded bJI
SUCCESSORS, to baelecteda as provided in article 4
+. ARTICLE EnEvEErH.
& The Board Of Difeotofs may accept for TIRE !
ration any power or privilege e9nteTred on 2
the snme IS formed, or by the adoption Of a1i
act Of the Legislature or By any act Of the u
States congress. l H
AR1ICLE TwELFFH.
The liquidation Of the affairs OF said eorporl
az the termination Of its charter, or Ii sooner
mined upon 81 It's steckholders, shail Be cord
By three ckholdefs, dulg elected By majod
anonnt Of the Stockholders, At meeting eonl
~ that pgEgoss sssss skey aays p5syioas n9
ROD Of liqni datian, aud the aptount Of their cod
sation. a. also all other privileges TO DO cos.
upon sad liquiq stars shall be hxed IN such ri
ing dsisnmine.. s-Ar tal n7iil {
ARTICLE TmRrEEETH
Tho nafassof the Stockholders, tlsir resid
and lhs respective shares held by each are
present declared 70 be such as are subscribedi
act. and oppoaite the names q each rssPeetiys|
qlorssald, ip the presence Ol zainelins MeKa
H. ~, Dibhle,. witnesses. Of laWful axe, rtsidsI
this city, who hersunte subscribed their name
= tSs ioFssolns on ths daS shd date hrst
signed JAMES o. MOVES,
-if l4ell WV. HOWE
el...La l r CYRUS Bp9SEY,
y. u. HlGBX,
THOMAS y. DURA.
8. l. Brown.
Witnesses; zundl1gs HcKAr aud Il. n. d
80 ssss HENRY G. DIBBhE, Rotary PA
New 0llsaaa. Jelge Is. ia Q.
pHEMs % MxulLAN0M. PRO
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rxoeutsd aiths Republican oiass. Ne. 81 81. O
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