New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-07-26
CHARTER.
MHsSISSAPPI AND MEXICAN RUH,R
SHIP CANAL COMPANY.

MESsISSIPPI AND MEXICAN CUR
SHIP CANAL COMPANY.
STATE OF OBSERVATION-DISCLOSURES OF OR,
on this sixth day of July in the year Lord one
thousand eight hundred and sixty eight, and in Che
Pa6iic, in and for the parish and city u New Or.
qualified. and in the presence Of the Witnsssea
6 hsTsinaftsr named, and undersigned, personally
Syang thsmsSyss o the provisions Of the statues tues
lion Of CORPORATIONS Tor WORKS of D public IMPROVE
mem sne nhlty they have oovenanted and agreed
themselves. and those whom they represent to form
objects and purposes and under he stinaist,ons
and regulations following, viz:
ARTICLE FIRST,
The name Of the corporation shall be 1.-THE Mis-.
Its domicil shall be the city Of New Orleans and the
President of the company shall be the officer upou
whom citation may be served.
ARTICLE SECOND.
The object and purposes OF the corporation are TO
open and maintain navigable canal between the
Mexican Gulf through LAKE Borsne, under the
nanehse granted by the State Of Louisiana to Rich
ard A. Stewart, his associates and assigns, by act
1855 '-'N'N'' u '1'O '''''' aptfO'eH HA''n L.
ARTICLE THIRD.
The capital stock Of the company is hereby fixed
at two millions OF dollars, represented By two
thousand shares OF one tnOuSauo dollars ZACH
able in such manner and at such times as the Board
OF Directors may determine.
ARTICLE FOURTH.
All powers Of the corporation shall be vested in a
Board OF Directors, consisting of six persona who
shall be stockholders of the corporation "-'
On the hrst day of Juce. 1863, and annually there
be held at the office of the corporation, of which
election previous notice o. fifteen days shall be given
leans. A plurality of votes Counting one vote Tor
each share voted uponl shall be sufficient to elect
election shall choose one 4 their number for PreSi
dent of the Board as well as of the corporation.
ARTICLE FIFTH.
The President shall preside at all meetings of the
said Board of the corporation, and case of his
absence inability to act the board of Directors
who shall for the time being exercise the fun powers
Of President The failure to elect directors afore
said shall not dissolve the said corporation, but the
drectors then office shall hod over until another
election s heldot which notos shall be given as above
R Sid. ''' anu al OOn''nu' VI an '00''0n %
The Board Of Directors shall appoint Secretary.
sTreasurer, and all such Clerks and Agents as may
be necessary; may remove the same at pleasure;
the amount Of security that shall be required from
any of said office and agents. and shall make and
and regulation Of the affairs of the sadcorporatioD
as may be necessary and proper. majority of the
said Board shall be necessary to form quorum as
alse to elect any officer thereof and the said Board
shall also. have power to fill any vacancies til at may
therein by death. absence, resignation, any
ARTICLE SEVENTH.
Each shareholder at all meetings for the election
of Directors, other purposes shall be entitled, di
recy by proxy to vote for each share of stock
ARTICLE EIGHTH.
All transfers of stock shall be recorded at the Office
of said company book Of transfer to be kept for
that purpose; the new stockholder binding himself
herself by the mere fact of recording such trans
fer, to abide by all the terms conditions and stpu
ations of this act and 6ny and all the rules regula
tons or bylaws made and adopted in pursuance
m 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 as two.thirds Of is capital stock
| shall have been subscribed for.
ARTICLE TENTH.
The following named Stockholders viz: jaime
| o. NOyes William w. Howe Cyrus Bussey, L. j.
sSs an SHa Ram Of b BI9%n
who shall at their first meeting elect of their
number as President. And the said Board and the
said President shall serve until superseded by their
successors to be elected provided article fourth
| ARTICLE ELEVENTH.
The Board of Directors may accept for the oorpo.
ration Any mower or privilege conferred on the cor
| the same Is formed, or BY the adoption Of any lew
act OF the Legislature, by any act of the United
States Congress.
ARTICLE TWELFTH.
| The liquidation of the affairs of said corporation
at the termination of it's charter sooner deter
mined upon by its STOCKHOLDERS, shall be conducted
by three Stockholders duly elected by majority in
| amount OF the Stockholders az meeting convened
for that purpose after sixty days previous notice in
| two newspapers published IN New Orleans. Inc Pc
riod of liquidation and the amount OF their compen-
sation. as also all other privileges to be conferred
upon said liQuidAtors, shall be fixed IN such manner
the said Stockholders may at such general meet
| ing determine
| ARTICLE THIRTEENTH.
| The names of the stockholders. their residences,
and the respective shares held by each for the
present declared to be such subscribe this
| act, and opposite the names of each respectively.
THIS done and passed in my office, IN New Orleans
aforesaid in the presence of Zuingus Mckay and
Il. NJ. Dibble witnesses, of lawful age, residents of
this city. who hereunto subscribed their With
the said partiesand me. Notary after due reading
| of the foregoing the day and date first above
| signed JAMES O. MOVES,
| W. W. HOWE,
| CYRUS BUSSEH,
! L. j. HIGBY,
THOMAS j. DURANT,
S l.. BROWN.
| Witnesses ZUTSGLIJs MCKAY and II. n. DBBLK.
A true copy
HENRY c. DIBBLE, Notary Public.
New Orleans July g. 1853 jy7 oaw3Od