The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-01-09
CHARTER.

A J.. "
STATE OF LOUISIANA, PARISH OF ORLEANS
CRY NEW ORLEANS:
Be Known, That the sia tn day of January. in the
year Of our Lord one thousand light hundred ard
end OF the Independence the United States Of America the
ninetysecopd before me- EDWARD Ivy; notsIy public IN
mission qualified presence witnesses
hereinafe named and undersignso personally aud
who that avans themselves the provisions
tne ~ % ~ s 70 se ~ o. eo
constitute CORPORATION for the following specified objects aud
under The following stipuiations, to Wit:
1.
sIfPI VALLEY nAVIGAtIoN COMPANY o. fHs
SOUTH AND WtST, and it thsl have corporate seal,
with the name Of the Company thereon.
ARTICLE
ton sba be in the city Of New Orleans saacs to
ony by of iourths 81 the stockh lders.
III.
The object Of his Company otherwise
se to rua on CT navigate tbs Mssspp River or It's tb1
ares for hs purpose Of carrying isot ms and .as,en
privileges eby hereafter be conferred them
Tor the purpOte Aforesaid.
The President of the Company thus formsi hereby
stitued the officer whom citations may be served
The capital stock of this Corporation hereby 6xed at
Five Hundred THOUSAND Dollars Represented by Ave thousand
shares Dollars Ton per cent each
subscription shall be payable conformity with Article XII
aid the remainder shall be paid az the time and in the
prescribed by the Board Of Directors provided that not
more than of ad subscription shs be eaea for
;S a sIn IA te Coynnany nav ce nso"s .
any the Board OF Directors may deem advisable do
inc One WILTON of Dois by avo.s two-thSds
Of he capital Of Five Hundred Thousand Dollar.
ARTICLE VI.
Three ourths of the stockholders capital have ths
ind Mia nl the
Company any tim. during is existence of making
aOdif sons additions changes to this act, giving
phed il this city. .. -
The ard Of Directors at early day proc TO elect
the officers of the eopor alton, which shall consist Of Pref
and such other cers as thew ay deem reee,sry he
first of which shall be from their own nambsr.
The for which this corporation is formed shall be
twenty-five years.
sRcTos l. The regular meetings the SockhpIdPa Of the
Company shall be held annually commencing On this tnird
tai 81 al chooe twenty of their number to directors
ContTo for The Of The affairs Of tbs Company for
the following until their 'uted And
nsmd persons shall eonsat. Board Of Directors 70 msa
the affairs Of said Company any three # HON shall
Charles Brigg., vi liam :. Pre- william Crsevy Alfred
sKc 2 failure elect Directors regu nesting Of
the stockhaders sAai not dissolve the Company but the
SIC Members of said Board Of Directors sha form
quorum do business and the ard of Directors shat
power make adopt all etsary rules bylaws
not conflict with the true interest AMI msSnins Of ta Act
Of Incorporation and the laws OF this state TINS Board Of
nav Deem advisable dS ''D 'i' " ''' as 'y
SIC If any Director shall cease to be Stakeholder du
ring his term o. Office it shall be declared vacite or in the
event OF the death permanent absence or resgnaon OF any
Drtcor the Board shall have the ithouy hthe vacancy
Oecsscnsd thereby.
No stoekhodsr shall ever be held Ii be or responsible
for the contracts faults Of said Company beyond the
amount Of his her their k in said Company nor
shall any niormaity in tn organz ttoh OF said
ter null. ei exposing Stakeholder 10 greater liz
billy than the amount OF his, her Sr their stock therein
Shsuld any subscriber or neglect to paw punctuay
hs her their nstament instalmeuts IS the tai 5
due utsest At the rate Ofegh per cent snnum shall be
ubcrber neglecs or refuses 80 pay his her or th,r in m
within thirty days after TIE specified tins pay nsnt
share shares upon which any nstnent bs due to be
sold at auction or 10 forfeit sid s2are or or - mpe
the board may deem advisable.
ARTICLE XII.
No subscription be binding until the sum of two hundred
Thousand 90 ed when The hrst payment often
per cent. shall &c due and payable
ARTICLE XIII.
The following nsmed terso-s arr Stockholders in said Com
plny and such ented to the number OF shares OF
p'ege OPpS. 20 'n sc T5o%ss s % m
Whsnn Alfred Moulton Charles Briggs Jr, William 5.
And in conclusion the stockholders hereinbes named
in conformation e the aforesaid s'puati0ns aad
agreements ordained and established by present foe
the purpose above mentioned that effect y have
herein above subscribed their names respectively.
thus done passed city of New Orleans
the day M NTH and wear rst 40 We written ia the
OF George ark and hcC STan witnesses Of lawts age
WIN '"'' ''''' ''N GEORGE CLARK,
f. Mcc. SWAIN
EDWARD IVY, Notary Public.