The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-01-23
CHARTER.
CHARTER.
CHARTER. .CHARTEH

STATE OF LOUISIANA, PARISH OF ORLEANS.
CITY NKw ORLEANS:
Be Known, That the sIth day Of January, in the
ySS q bur a 0s as % limit. Stare. 81
niEetyseeond before me- EdSard Ivy notary Pablc IA
msioued qualified and in the presence Of the Witnesses
Hereinafter named and undersigned, personally aud
Who declared that avang the provisions OF
,fo tbey do Nv ibsse nIens f,rm tasm into and
eorpoat he following specified objects, and
under the following stipulations, TO wit:
sIfPI VALLEY sAYIGA ION COMPANY or THs
SOUTH AND WEST, and il .h-u have corporate seal,
with the name OF the Company thereon
ARTICLE II.
The business and legal domicl Of the Company Corpora
ton ,ha be in the city Of New Orleans subject to removal
only by vote Of three-fourths Of the stOckh ,ders
III.
The object Of This Company is construct otherwise to
fes to navigate Mssssippi River trbu-
gers ard eeneIay to exerce such incidental powers and
privileges heeby hereafter be conferred on them
or the purpose aforesaid.
".
The Of the Company thus forced is hereby con-
stuied the officer on whom citations may be served.
LEV.
The capital Of this Corporation hereby Fixed
Five HUNDRED Thousand Dollars by five Thousand
subscription shall be payable IL conformity with Article XII
Ier b. the Board Of Directors provided that not
more than ter cent Of laid substitution shall be called for
provided hat tie Company may commence business At
any time Board Of Directors may deem advisable = DO
ing One Million Of Dollars by vote rep5essnng twobirds
ARTICLE VI.
OF the stockholders in capital shall have the
power to wind and ss the business and affairs OF the
Company at any tine during rs existence or OF making any
lished in this city.
The b ard Of Directors early dag shall proceed to elect
the officers Of the corporation which shall consist Of Pe
Vice President Treasurer seerets ,
frat Of which shall be from their own number
The term for which this corporation Ia formed shall be
twenty-five years.
SRcros The regular meetings the Stockhodsa the
Company shall be hello annually commencing On the third
tai shs hooe twenty of their number TO AS directors
for the ensuing year who shah fern and constitute Board of
the following until their And
nsmed persons shall constitute Board of Directors
stituts quorum, viz Thomas A Adsn- william Whsnn,
Charles BIgg vi liam :. P.s vivian Ian CTee'y' Alfred
SIC failure to elect directors at Tegu ar meeting OF
the sOckholders sha not disco ys the Company but she
Directors then in Office shall costume exercise their fun
tons until new Board be esctsd.
have power adopt all necessary rules aud
rot conflict with the true interest nsanng this Act
Of necpeIa len and The laws o. THIS state The Soa,a OF
SIC II any Director shall cease Stakeholder du.
ring his OF Office shall be cecarrd vacaef or in the
event OF the death permanent aoselcs or Of any
Director the Boa shall have the authority TO vacancy
oceasiontd thereby.
No Stakeholder shall ever be held Ii BILE responsible
fnr tha rarfs or
amount Of his her their stock in said COMPANY,
compsny hnSe the elect Of rendering the present char
Ter null or q exposing 70 any ges hnrs
ARTICLE xI.
shorld any subscriber reu'e negec. to puncusy
hi her their insAment instamens as the same as
due PIe at the ste ofeght per cent per annum shall De
subscriber negects refuses 20 pay his her or rhsr in t.
Board OF Directors the right Of causing any
upon which any innent be due to be
5y suit the payment Of such nstameEt or nstaments
tie Board may deem advisable.
ARTICLE XII.
No subscription to be binding the OF hundred
thousand dol is subscribed when the first payment of ten
per cent shall be due and payable
ARTICLE XIII.
The following named Stockholders in said Com
psny. and such entitled 60 the number OF shares OF
stock placed opposite to their names Tesge.iyey toEt;
Ehaun, Alfred Moulton, Charles Briggs, Jr., William s.
Pike DeHaven
And In conclusion, the stockholders berenbef1re named
in formation 4 the aforesaid stipulstons covenants asd
agreements, ordained and established by for
purpose mentioned and to that effect
herein above subscribed their names respectively.
Thus PISSED the city OF New Orleans Aforesaid
the day NINTH and year FIRST ab written in tn
OF George ark Nee. swain, Of lawfa
dtmcatsd THIS city, who hereuntO signed their
GEORGE CLARK,
=. Nee. SWAIN.
EDWARD IVY Notary Public.