New Orleans Republican., 1868-08-30
CHARTER.
MHsA1 sSIPPf AND MEXICAN GULF
SHIP CANAL CoMPANY.

SHIP CANAL COMPANY.
CTATE or LouIsIANA-PARIsH OF OR.
this sixth day Of July in the year Of mo Lord one
thousand eight hundred and sixty eight and in the
ninety third, before me, Henry d. Dibbie, a Notary
Public in and for the parish and city q New Or:
Ssrsnsr named and s undsrsened ' persoSsis
hertunio subscrbed. who severaiy declared that is
ayalling themselves of the provisions Of the statues
tion Of corporations for works Of public improve.
ment and utility, they have oovenAnted and agreed
nsd t6ey sna sn6
themselves int and constitute corporation for the
oolects ana purposes. and under the stipulauons
aHd regulations following, viz;
... ARTICLE FIRST,
The name Of the corporation shall be THE Mis-.
sissippi and Mexican Gulf Ship Canal Company"
President of the company @ shall Be the ocer upon
whom citation may be served.
ARTICLE SECOND.
The object and purposes Of the corporation are to
open and maintain a navieable canal between the
waters of the Mississippi river and those Of the
Mexican Gulf through Lake Borgne. under the
ard A, Stewart, his associates and assigns BY act
Of the Legislature OF said State approved March r.
ARTICLE THIRD.
The capital stock Of the company is hereby fixed
at two millions Of dollars, represented by two
sudres VI oho tuousahu uolldrb edcn, pay
of Directors may determine.
ARTICLE FOURTH.
All powers of the corporation shall be vested in A
Board of Directors consisting of six persons, who
On the hrst DAY OF Juae ls6S, and annually there;
r. h1d n ~ y. Ia su u D1atu th oi s1 nreetofs hha
eecon az ntcs o. te Of which
in two newspapers published in the city Of New Or
each share voed uno1S sbS hs one vos & 10.
SAG Direcnrs who at the first meeting after their
eetlon % t sha choose one o. their number for Pres
- = - '-'' W. w @'i0A
ARTICLE FIFTH.
The President shall preside at all meetings of the
said Board or Of the corporation ana in case Of MS
absence or inability 10 act the Hoard al Direotors
shall elect one of their number President pro tenn,
" pH Ior tne tlme oeng exercise the fn powers
"a ~ ~ my nS Isure 70 elect directors as afore-
eeeo '6eh ed IN snail no eyer until another
nroyiSsd for sd THh nOtGs shs oe gwen a. aeoye
keld dNN -'-' NAu sn~ii commune "h an eiectloh De
Heiu' . -.
iA siAiA'
Tssspa ad III @ Hna sppoint secretary,
he nee ssary. NAV remova TIA H "a ~ SO o. nay
fix the salaries of all officers Of The cnrnoyation and
the amount of security that shall he reonred ;rn,n
any of said office and agents. and 81 ali make and
establish such by laws for the proper management
as may be necessary and proper mSop n Sn
said Board thsll be necessary to form quorum, as
alse 70 elect any officer thereof; and the said Board
SHALL also have power to I'LL any vacancies thai may
W uehbns bDbeuCes reslBndtfOn,
other cause.
ARTICLE SEVENTH.
Each shareholder at all neetinRs for the e1eo.ior
of Directors on other nnrnoses shali he ;isd Al
rectly or by proxy To one vote far each shsrs ~ s,
held nv hiin - - ~ ~ - N S Va 9'0SA
ARTICLE EIGHTH.
N-s4-An'
All ansiers OF STOCK shall oe recorded at the office
thst nnrnnse he na,S .S De kept i9F
or herseIf Nv the msrs fscs ~ i @
fer to ABIDE by ali tbe terms conSiap Snd I
stons Of mis- aet and INV snd iii tho r u
tions or Nv ~ nnSds - saat.J @ vi - .uies
thereof - f~"S --@Ns "'u HN0P'eu AZ PutSaAhee
Apr1cr n ,51Nrr.
4i N4N .n'
rms corporation shall be and continue for and
1ufng the Term OF twenty fVe years from and after
bus,ness as soon as twothirds Of It's capital stock
shall have been subscribed for.
ARTICLE TENTH.
Tho folIo,v;n, rar,ad S+o.l,h ol5o.. -. a. -.
q Novss Wiliisrn w IIoa 3eooAnSusrs Sr1 W. J4me
Hi,hS Thor,as 4 rs,,-at Syius bus1eS u ..
are bsr.by stitnted ths m Rnard 81 bIoSn
,ybo shaIl az tbsi et ny a, ns. M o. Dectors
np1ber as Presidan h atS esst R one q iaer
said Prasident shall serve nnIi snns-sSSS - 49, ehi