The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-01-30
CHARTER.
CHAKTEK..,...........,........ .,.OHAKrER
STATE OF LOUISIANA. PARISH OF ORLEANS.
Cry OF INV ORIHAHa

STATE OF LOUISIANA. PARISH OF ORLEANS.
CITY or NEv oRLEAss:
BE il Known That the sIth day OF January. In the
year Of Lord thousand eight hundred and
Of the the United Of
niueytecond before me, Edward Ivy. nJay public in
mi,soDed qualified and in the Of the witnesses
hereinafter named and undersgn, personally came And
who declared that awaiting themselves Of the provisions OF
postons they do ~ these presents
constitute eorPost for he following pecasd objects, and
under The following shpuations, TO wit
sIfPI VALLEY sAyIGA'IoN COMPANY OF THIS
with the name Of the Company thereon.
ARTICLE II.
The business and legal domici Of the Company Corpora
only By vote Of thrsefOurths Of tbs stOcEh idsra
ARrIcLE III.
The object Of this Company is to constrqe. otherwise to
sss to ru on or navigate the Mississippi River or It's rba.
taes for the purpose OF carrying freight mails and
privileges are hereby may hereafter be conferred on them
or the purpose Aforesaid.
ARTICLE ~.
The President Of the Company formed hereby con-
sttuted the officer whon citations may be ssrvsd.
ARTICLE '.
The capital stock OF this Corporation Is hereby hIed
shsres Of One HUNDRED Dollars sch Ten per OF
subscription shall be payable ia conformity with Article XII
and the remainder shall be paid at time and in the
prescribed by the Board Of Directors provided
than of said subscription shall be csea for
any time and than thirty days
provided sso that toe Company may commence business At
90 he ssPs may he increased 70 an ~. not exceed
Of the capital Of Five Hundred Thousand Dolara.
ARTICLE VI.
reeOurhs Of the stockholders in capital shall have the
power to wind NJ and sse the business and affairs Of the
mOdue atoms, additions changes Ghs act giving
sixty Gays previous notice in two Of the pub
Mshed In this city
ARTICLE VII
The Beard Of Directors early day shall proceed elect
the officers of the which shall consist Of
dent, Vice President Treasurer, Secresy superintendent
hrst of which shall be from their own number.
ARTICLE VIII.
The term for which this corporation is formed shall be
twenty-five years
sEcTos l. The regular meetings of the sockholdsa the
Company shall he hsa annually commencing the third
81 shah choose Of their number directors
for The year who shall fern and constitute Board Of
Conro for the management Of the affairs OF the Company
the following until their successors app nted And
persons shall constitute Board Directors
ese the sfrs aid Company, any three u hom shall
Charles Briggs william >. Pise, william Creevy, Alfred
SEC 2 failure slect Directors regular meeting OF
the Stockholders shall not Dissolve the Company but she
lions until nex Board be elecssd
SIC Members OF SAID Beard Of Directors shs ali form
quorum 10 DO business and the ard OF Directors sha
have make and adopt all rule. aud
=
not conflict with tho aud aiming OF Act
Of Incorporation and the laws this State The Board Of
Directors declare dividends from time 10 time they
may deem advisable.
SEO II any Director shall cease be a Stakeholder du
ring his term Of Office il shall be declared vacstei in the
event OF the death permanent abseaee or resignation Of any
Director the Boa shall have the authority hithe vacancy
occasioned thereby.
No sOckhOldsr shall ever be held II bic or responsible
for the contracts faults OF said Company beyond the
smount OF his, her their stok In said Company,
shall any mere inormsty in the organic alton Of said
Company have the effect Of rendering the present char
ter null. Of exposing Stakeholder greater Lis
b y than the amount OF his her, their stock therein
ghould subscriber neglect punctuay
bis her their nstSent instAmens the tails
due at the eight shall be
ADDED thereto from natur ~ ust hnal payment ID
ments within thirty days sitter the srecsed time payment
tee Board Of Directors shall have the right OF causing
share or shares upon which any nssment MAJ be dus to be
sold at auction forfeit said shares mpel
~ t the payment Of such iustament inEts ments
the Board may deem advisable.
ARTICLE III.
No subscription 20 be binding until tbs 81 two hundred
Thousand dol subscribed when the payment
per cent shall be due and payable.
ARTICLE XIII.
The following named Stockholders IN said
psDy and such entitled to the number OF shares Of
stock placed opposite 20 their respectively
William Creevy, GO A. Fosdick Thomas A Adams VIM
whsnn Alfred hOulton, Charles Briggs Jr, William 5.
Pike, ID DsHAven.
And IN conclusion the stockholders herenbe,re named
in formation # the aforesaid spusons covenants AID
agreements ordained and established by tne pesen! for
the above mentioned, and to that ee have
herein above subscribed their names respectively
Thus done and passed the city OF New Orleans Aforesaid
the day ninth and first sb've written in the
domcs tsd in this city who hereunto signed their nan %
GEORGE CLARK,
r. Moo. SWAIN
EDWARD IVY, Notary Publie.