New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-07-12
MISSISSIPPI AND MEXICAN GULF
SHIP CANAL COMPANY.

CTATE OF LOUISIANA-PARISH OF OR
y leans-Oity Of New Orleans BE il known that
thousand eight hundred and sixty eight and in the
independence of the United States Of America the
Public, in and for the parish and city Of New Or
leans, state of Louisiana. duly commissioned and
hereinafter HI named and Undersigned, personally
came and appeared the parties whose are arg
ayaling themselves of the provisions Of the statues
of the state of Louisiana relative to the organiza-
ton of corporations for works of public improve.
ment and utility, they have oovenanted and agreed
themssvss 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-
sissippi and Mexican Gulf Ship Canal Company"
rs dom'o 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 o. me Ise R onu J1nde he
franchise granted by the State of Louisiana to Rich
ard A. Stewart, his associates and assigns, by act
Of the Legislature Of said State approved March II
ARTICLE THIRD.
The capital stock of the company is hereby fixed
thousand shares of one thousand dollars each pay.
| 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 Ju e 1852 and annually there
be held at the office Of the corporation OF which
in two newspapers uolished IN the city Of New %
leans, plurality of votes counting one vote for
each share voted uponl shall be sufficient to elect
said Drect2rs VINO at me nrst meeting after 5heif
election shall choose one OF their number Tor Fresl
| 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 case of his
| absence inability to act the Board Of Directors
shall elect one of their number President pro tenn
who shall for the time being exercise the full powers
said shall dissolve the said corporation, but the
directors then in office shall no over until another
election is held Of which notice snail be given as above
provided for and shall continue till an election lie
held. -
The Board of Directors shall appoint Secretary,
Treasurer, and ali such Clerks and Agents as may
he ssares 1 ali Officers Of The corporation, and
the amount of security that shall be required from
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 o. the
said Board shall be necessary TO form quorum, as
also 10 elect any officer thereof and the said Board
shall also have poW er to MI any vacancies tat may
occur therein by death, absence resignation, or any
ARTICLE SEVENTH.
Each shareholder at all meetings for the election
Of Directors or other purposes snail be entitled d
ARTICLE EIGHTH
An 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
or herself by the fact of recording such trans
fer TO abide by all the terms, conditions and stipu
lations of this and and all the rules, regula
tons, or bylaws made and adopted IN pursuance
'1'''''' ARTICLE NINTH.
| This corporation shall be and continue for and
during the term OF twenty five years from and after
the date Of these presents sn6 may 9g9azs 5S
| shall have been subscribed for.
ARTICLE TENTH.
The following named Stockholders, viz: Jane
O. Moves William w; Howe, SyT1s BqsSTes Il q,
| are hereby constituted the first Board Of Directors,
wn9 sa1 as Presdent ana the SAID Board and the
said President shall serve until superseded BY their
successors to as provided in article foaFth
ARTICLE ELEVENTH
| The Board Of Directors may accept for the corpo-
ration any power or privilege conferred on Sne God
the same is formed, 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
mined upon by its stockholders, shall be conducted
By three Stoekholders, duly elected BY majority in
amount Of the Stockholders, at meeting convened
for that purpose after sixty days previous notice in
and ~ smepn o be
sation. as also all other privileges to be conferred
upon said liqudAtors shall be fixed in such manner
as the said Stockholders may at such general meet
ing determine
| ARTICLE THIRTEENTH.
/ The names of tine Stockholders, their residences.
and the respective shares held by each for the
present declared TO be such this
act, and opposite the names of each respectively.
| THIS done and passed in my office, in New Orleans
| aforesaid in the presence of Auinghus Mckay and
IL NJ. Dibble, witnesses, of lawful age, residents Of
this city who hereunto subscribed their names With
the said partes.and me, Notary, after due reading
Of the foregoing on the day and date first above
tSiEned JAMES o. MOVES,
| W w. HOWE,
CYRUS BUSSEY,
L. j. HIGBY,
THOMAS j. DURANT,
s. IL. BROWN.
Witnesses: ZUINGLIUs MCKAY and H. n. DIBBLE.
| A true COPY: - - - =,
| New Orleans July 6, 1868 iy7 oaW50d