New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-07-31
CHARTER,
MISSISSIPPI AND MEXICAN q,
SHIP CANAL OMPANw

State OF LOUISIANA-PARIsH on r
~ leans-Oity of New Orleans BE il knoS,
On this sixth day Of July, in the year of no IL.
thousand eight hundred and sixty eight, and
ninety-third, before me, Henry o. Dibble. a
Public, in and for the parish and city Of M
leans state Of Louisiana. duly oommissiop,l
hereinafter named and undersigned do D VIZ
came and appeared the parties whose nam,
a ne1sInnt9 subscribed who seyeraly declare
Of the state Of Louisiana relative to the ors1
tion of corporations for works OF public Ia,
and do by the4- presents covenant, agree ant
themselv Ives, and those whom they repreeent
themselves int and constitute corporation
ODjecIs and purposes, and under the stiDu
and regulations following, viz:
ARTICLE FIRST,
The name Of the corporation shall be 9Th.
tsoipPl and MSTlcan Gulf ship Canal Conn
It's domcil shall be the city of New Orleans. ~
flesioent Of the company shall be the ofioeY
whom citation may be served.
ARTICLE SECOND.
The object and purposes OF the corporation <
open ana MAINTAIN navigRble canal betges,I
waters OF the Mississippi river and thoss Il
Mexican Gulf through LaRe Borene. updS
ard A, Stewart, his associates and ass,Sns Y
1866 '''''0 "PP'o'eu MAJ
ARTICLE THIRD.
The capital stock Of the COMPANY is baroh. !.
az two millions Of dollars. represented X
Thousand shares of one thousAn dollars each
a6ie in ouch msnner and at such times as t6sI
OF directors may determine.
ARTICLE FoURFH
:, All powers of the corporation shall be vas,..
Board OF Directors, consisting of six persnn.s
shall be stockholders of the corporation
On the first day of Ju e, 1869, and annuallv5
after, an election for said Board of six Diregt6s
be held at the office Of the Corporation ~
election previous notice fifteen days SHAH 4.
IN two newspapers published in the city OF M
leans. A plurality of votes counting ono VA /.
each share voted upon. shall be sufficient ~
SAID Directors, who at the first meeting a..
election shall choose one a their numbeI Nv
ueh' VI 'he Doaru as well as OF the corporation
ARTICLE FIFTH.
The President shall preside at all neetings IL
said board, or OF the corporation, and in cass l.
absence or inability TO act the board Of I'M
VINO snail for the time being exercise the full N
of President. The failure to elect direotors sp r.
said shall not dissolve the said corporation I'M
directors tben IN ONCE shall no over until a.
election Is heldo of which notice shall be given m
held. @''''N
ARTICLE SIXTH.
The Board of Directors shall appoint San, "
Treasurer, and all such Clerks and Agents a.
be necessary may remove the same at plsv .
nix the salaries of all officers of the CORPORATE.
the amount of security that shall be re0uirssl
any OF said office and agents, and shall mS5t
establish such by laws for the proper mansssl
as may be necessary and proper A majoritT
ssid Board shall be necessary to form a 1pS,El M
aLss to elect any officer thereof; and the said d..
shall, also, have power to fill any vacancies IN
occur therein by death, absence, resignation,
other cause. nI
ARTICLE SEVENTH. ~
Each shareholder at all meetings for the d, "
of Directors, or other purposes, shall be entss
rectly or By proxy, to one vote for each share n
held by him.
ARTICLE EIGHTH.
trausFara oF storly 81, n l. %
Of SAID company in book of transfer to be h
that purpose; the new stOckholder binding n rs
or herself. by the mere fact of recording suci
fer, to abide BY all the terms, conditions, and IA
latlons OF this act and any and all the rules \ /
tons or bylaws made and adopted in purl
So ARTICLE NINTH y.
This corporation shall be and continue fa
during the term of twenty five years from an IA
fhe date OF these presents and may organ
shall have been subscribed for. In,
ARTICLE TENTH.
The following named Stockholders. viz, uQ'
O, Moves, William W. Howe, Cyrus Bus,ey E i
hlgby, Ihonas :. Durant and Samuel l. v
are hereby constituted the first Board Of Din nI
VINO shau AZ their first meeting elect one Of 4.
number l; n per as President And the said BoardSs
said President shall serve until superseded b. n )
successors, TO be elected as provided in articlsg
ARTICLE ELEVENTH. y
The Board of Directors may accept for the I'd
ration any power or privilege conferred on In ~,
pordGlOn Dy any amendment OF the law under W
the same is formed, or by the adoption Of abd 4
act OF the Legislature, or by any act OF theUl 4
STATES Congress. prs
ARTICLE TWELFTH n
The liquidation of the affairs of said corno,,...
at tue termination OF its charter, or If sooner
mined upon by its Stockholders, shall be rODIll =
by three Stockholders, duly elected By Ius5T1 q
amount OF the StoCkho ders, at meeting CoDgI ~
Tor that purpose, alter sixty days previous Dob
two newspapers published IL New Orleans MI (
rod OF liquidation, and the amount Of the.r r5-l .
sutlon, as also all other privileges to be c0ng !
upon sara ilquldators, shall be nXed IN such md =
as the SAID Stockholders may at such general
ing determine, III
ARTICLE THIRTEENTH.
The names of the Stockholders, their resiis
ana tue respective shares held by each are nj n
present declared to be such as are SUBSCRIBED ID a
act, and opposite the names OF each respccfiyabl
rms done and passed in my office in New Ost1l
IN the presence OF Zuinglius NIgEU
II. Nj Dlhble, witnesses. of lawful age rs,Ids1 ~
TINS CITY, who hereunto subscribed their pams
the sad partle5and me, Notary, after due "a /
OF the foregoing on the day and date first
written. mi
Signed JAMES O. MOVES -.
W W. HOWE w
CYRUS BUSSET N
l.. j. HIGBY,
THOMAS j. DCRN w
Witnesses; ZUNGLIUs MCKAY and H. n. DE- TO
HENRY c. DIBBLE, Notary Phi Wy
New Orleans, July g. 1868 N ~ A
NTEWSP EZRA h6AnzU.1.