The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-01-21
CHARTER.
CHARTER.
CHAKTER.............. CHARTER *.

STATE OF LOUISIANA, PARISH OF ORLEANS.
CIrY or NKw ORLEANS: l
Be ii Knows That the sI,th day of January, in the
year Lord thousand eight hundred and xtyeight
before me- EdSss lyy notary pubic IA
qualified and in the presence OF the witnesses
berenster and undersigned, personally came and
% sHsIdi sSarsS a svaiSs themselves OF
the statutes Of Louisiana relative t ee On o.
for The following specified objects and
under the following stpuStions, to wit;
ARTICLE
The official name Of the Corporation shall be the MIS- SIS
SIPPI VALLEY SAYIGAilUS COMPANY OF THIS
SOUTH AND WEsT, and it shall have corporate seal
with the name Of the Company thereon
II.
The business and legal donc Of the Company Corpora
zion ha be city Of New oeans sl9sct TO removal
oaly by vote Of three-iOurths Of the Stockholders
The object Of this Company construct otherwise to
e 10 run on or navigate the Mississippi River trbu
ges and Teneysy to execi.e Such iucdsn powers
hereafter be conferred on them
The President of the Company formed is hereby
stituied the officer whom citations may be served
ARTICLE Y.
The capital stock Of this Corporation is hereby hxed at
Five Hunarsd Thousand Dollars BY I'VE
subscription shall be payable Ia conformity witn Article XII
ner prescribed by Board Directors provided that not
more than ten per cent Of aid subscription shall &c called 10.
provided also that The Company may
The capital be increased to amount not exceed
ing One Million Of Dollar by Avose IsP1eIsns
ARrIcLR VI.
fourth of the stockholders In capital shall the
power and the business and affairs OF the
fra
sixty Gays previous notice in two OF the newspapers pub
lshed in this city.
The Be ard Of Directors early day shall proceed to elect
the officers Of the corporation WHICH shall consist Of
such other officers they msy deem necessary the two
| hIst Of which shall be from their own number
| ARTICLE
The term which this corporation is formed shall be
ARTICLE X.
SECTION The regular meeting the stockholdns Of the
Monday Of December iss which time majority in capt
tai shah ehooe twenty OF heir number 70 SERVE Ros
for the management OF the AFFAIRS Of the Company
until the election OF sforssd the following
shall constitute Board OF Directors 20 man
stut- a quorum, viz: Thomas A Adaus William Whann,
s sonon H GeoTr. Fosdei and David DeHAvsn
SIC failure :, elect directors At aregusr mesting oi
Directors Office shah costinue exercise their fun'
SHc Mmbers Of sad Board Of Directors shall form
quorum 10 do business and the ard o. directors iaaa
have power to make AID adopt all Necessary ne: aua
for the of the Company prov ded the same 90
not conflict with the true interest and msanlng Of tn
Of Incorpera ion and the laws this state The Board o.
Directors may declare dividends from time to time ~S 'hy
SIC If any Director shall cease Stakeholder du
ring his term shall he DECLARED vacate or IN he
event of lie DEATH permanent absence resignation OF any
Director shA have the authority to hthe vAcsne'
| occssionSd thereby.
No Stakeholder shall be held liable or responsible
for tbe contracts o. faults said Company beyond the
pmount Of his her their stock in said COMPANY mo-
Company have the effect Of rendering tne present M
null Of exposing Stockhoider 70 any sEe ,hn
ARTICLE
should any subscriber Teu'e neglect to pay punens
his her or their instsment nstaments rs the same ~
due interest oeight cent per snnum SHAH
ADDED thereto from ty until hnal payment nv an
ubscriber neElecs refuses 70 pay his her or their
ments within thirty days the sPe psa 's o.
share or upon which nstament ma De cue 70
nv uit The Of such insament nstanments,
| the Board may deem advisable.
ARTICLE XII.
No subscription to be binding until the OF two hundre
dol ars subscribed when the first payment oil te
| peg cent shall be due and payable
ARTICLE
The following named persons Stockholders in said Con
and as such are entitled 10 the number OF shares
stock placed opposite to their names respectVey 70
WIliam Ureevy George A. Fosdck. Thomas A Adams, Wn
whann. Alfred MOultOn, Charles Briggs Jr' William
PIKE D DeHaven.
And IN conclusion. the stockholders hereinbersrs name
IN II the aforesaid stipulations covenants a.
agreements ordained and established by tne resent set
tbe purpose mentioned and TO that eject y ma
herein above subscribed their names respectively.
Thus done and passed city OF New Orleans aoresa
day nth and yes NJ e', sSSs WITNESSES Of s az
dcmciatsd in this city, who hereunto signed Their nan
with said parties and me notary. opopcR CLARK
F. McO. SWAIN.
EDWARD IVY, Notary Public.
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