New Orleans Republican., 1868-07-09
CHARTER.
MISSISSIPPI AND MEXICAN GULF
SHIP CANAL COMPANY.

CTATE OF LOUISIANA-PARISH OF OR
on this sixth DAY Of uy in the wear of mo Lord one
thousand eight hundred and sixty eight, and in the
independence of the United States of America the
ninety third, before me, Henry O. Dibbe, a Notary
Public, in and for the parish and city of New Or.
leans, state of Louisiana, duly commissioned and
qualified, and in the presence of the witnesses
hereinafter named and undersigned, personally
came and appeared the parties whose names are
herpunto subscribed who severally declared that
avang themselves Of the provisions of the statues
tion of corporations for works of public improve.
ment and utility, they have covenanted and agreed
themselves and those whom they represent, to form
themselves into and constitute corporation for the
and regulations following, viz:
ARTICLE FIRST,
The name of the corporation shall be "The Mis-.
Stsspp anu hSAlCapp . Guu 2Snsp Caidl company,
Its domc shall be the city Of New Orleans, and the
President of the company shall be the officer upon
whom citation may be served
ARTICLE SECOND.
The object and purposes of the corporation are to
open and maintain navigable canal between the
waters of the Mississippi river and those of the
franchise granted by the State of Louisiana to Rcn-
ard A. Stewart, his associates and assigns BY act
ARTICLE THIRD.
The capital stock of the company is hereby fixed
at two millions Of dollars represented By two
able in suoh manner and at such times the Board
of Directors may determine.
ARTICLE FOURTH.
All powers of the corporation shall be vested in
Board of Directors, consisting of six persons, who
shall be stockholders of the corporation.
On the first day OF Jq;e 1858 and aDnua!y there;
be held at the office of the corporation, of which
election previous notice OF fifteen days shall be given
in two newspapers published in the city of New Or
leans. A plurality of votes counting vote for
each share voted uponl shall be sufficient to elect
said Directors, who at the rst meeting after their
dent Of the Board as we'll as Of the corporation
ARTICLE FIFTH.
The President shall preside at all meetings of the
said Board of the corporation, and in of his
absence inability to act the Board of Directors
shall elect one of their number President pro tem
Of President The failure to elect directors afore
said shall not dissolve the said corporations but the
election is heldof which notice shall be given as above
provided for, and shall continue till an election be
ARTICLE SIXTH.
The Board of Directors shall appoint Secretary
Treasurer and all such Clerks and Agents as may
be neoessary may remove the same at pleasure;
fix the salaries OF all officers of the corporation, and
the amount Of security that shall be required from
any OF said office and agents, and shall make and
establish such by laws for the proper management
and regulation OF the affairs of the said corporation
as may be necessary and proper. A majority OF the
said Board shall be necessary to form quorum, as
also 10 elect any officer thereof; and the said Board
shall also have power fill any vacancies that may
occur therein by death. absences resignation any
ARTICLE SEVENTH
Each shareholder at all meetings for the election
of Directors, other PURPOSES shall be entitled di
ARTICLE EIGHTH
All transfers OF stock shall be recorded at the Office
of said company in book Of transfer to be kept t9r
that purpose; the new stOokhOlder binding hlmseh
fer to abide by all the terms eondiions and stpu-
latons of this and 6ny and all the rules regula
tions, or bylaws made aud adopted IN pursuance
'"'i'O,' ARTICLE NINTH.
This corporation shall be and continue for and
during the term Of twenty i've years from and after
the date of these presents, and may organize for
business as soon as twothirds of its capital stock
shall have been subscribed for.
ARTICLE TENTH.
The following named Stockholders, viz Jane
o. Noyes, William W. Howe, Cyrus Bussey, L. j.
are hereby constituted the first Board Of Directors
who shall at Their first meeting elect one of their
said President shall serve until supersededby their
successors to be eectedas provided in article fourth
ARTICLE ELEVENTH.
The Board of Directors may accept for the oorpo.
ration any power or privilege conferred on the cor
poration by any amendment of the law under which
the same is formed or by the adoption Of any new
act OF the Legislature or By any act of the United
States Congress
ARTICLE TWELFTH.
The liquidation of the affairs of said corporation
at the termination of its charter, If deter
mined upon by its Stockholders, shall be conducted
ey three st9esholds5s: duly elected By majority IL
for that purpose aitsE s5tg days previous notice in
we Sd s 70 Hew u . dhe pc
sation. also all other privileges TO be conferred
upon SAID iquld4torss snail be nXed IN such manner
80 the said Stockholders may at such general meet
ing determine.
ARTICLE THRfEENTH.
The names of tine Stockholders. their residences
and the respective shares held BY each for the
present declared to be such ubseribedAto this
act and opposite the names Of each respectively.
THIS done and passed in my Office, in New Orleans
Aforesaid, N the presence Of Zuinglius Mckay and
H NJ Dibble, witnesses. Of lawful age, residents Of
this city, who hereupto subscribed their names with
the said paFtiesand me, Notary, Aftee due reading
Of the foregoing on the day and date first above
written.
(signedl JAMES o. NOYES,i -
W. w. HOWE.
CYRUS BUSSEYs
I.g f L. j.. HIGBY,
THOMAS j. DuRAHT
s.. T. BROWN.
Witnesses. zrTssIIUs McKAY and h. II. DmBLH.
: .-. u0' ~. nEnRY & pIsBiE. NOts.z PabIls.