New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-07-24
CHARTER.
AND MEXICAN GULF
SHIP CANAL COMPANY.

CTATE OF LoUISIANA-PARISH OF Or
- leans-Oity of New Orlesns.-Be it known that
Thousand eight hundred and sixty eight and in the
independence Of the United States Of America the
ninety third, before me, Henry @. Dbbie, Notary
Public IN and for the parish and city Of New Or
leans, state Of Louisiana, duly commissioned and
hereinaftsr named and undersigned, personally
6eTeunto Subscribed who segeTaiy decIsTed t5s5
Ryaing themselves Of the provisions Of the statues
sion Of corporations for works Of public improve
ment and utility they nave ooyenalted and agreed
themselves, 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
President Of the company shall be the ofHceT Gpon
whom citation may be served
ARTICLE SECOND.
The object and purposes of the corporation are to
open and maintain navigable canal between the
waters Of the Mississippi river and those of the
fraaehise granted BY the State of Louisiana to Rich
ard A. Stewart, his associates and assigns, by act
ARTICLE THIRD.
The capital stock of the company is hereby fixed
at two millions OF dollars, represented BY two
able in such manner and at such times the Board
Of Directors may determine.
ARTICLE FOURTH.
An powers of Incorporation shall be vested in a
Board of Directors, consisting OF six persons, VINO
On me 6rst day Of JuSe 1889 and annually there
after an election for said Board of Directors shall
election previous notice fifteen days shall be given
in two newspapers published in the city of New Or
each share voted upon, shall be sufficient to elect
said Directors who at the first meeting after their
deat 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 of his
absence or inability to act the Board Of Directors
shall elect one OF their number President pro tenn,
Of President The failure to elect directors as Afore
Ga s9S ben S once snail no oyer until Sno6
election held of which notice shall be given above
provided for, and shall continue till an election be
ARTICLE SIXTH.
The Board of Directors shall appoint Secretary,
aTreasurer, and all such Clerks and Agents as may
x the salaries OF all officers of the corporation and
S nS Of sSd Oce anS SCENTS and shall make and
establish such BY laws t9r the proper manageIe;nS
as may be necessary and proper. A majority Of the
d Board anal 5s t5s9sf 70 i0 b sS
shall also have power to fill any vacancies that may
occur therein by DEATH absence, resignation, or any
O'-'4 '" ARTICLE SEVENTH.
Each shareholder at all meetings for the election
of Directors or other purposes, shall be entitled, d.
Iecy by proxy to vote for each share of stock
held by him. -
transfers of stock shall be recorded st the Office
of said company in book of transfer to be kept for
S9f SS g mere Of eordns sc rsn
fer abide by all the terms, conditions, and stipu
thereof there y '''' - - -
This corporation shall be and continue for and
during the term OF twenty tive years from and after
the date of these presents, and may organize for
shall have been subscribed for.
ARTICLE TENTH.
The following named Stockholders, viz: JAme
e sSosTf9 6o mis purane and samuel L BloSn
are hereby constituted the first Board OF Directors.
number as President. And the said Board and the
said President shall serve until suppressed oy tneF
SUCCESSORS to be elected as provided 10 article iourh
ARTICLE ELEVENTH.
The Roard of Directors may accept for the corpo-
ration any power privilege conferred on the cor
same y formed or by the sdopton d any new
act of Legislature or by any act Of the United
ARTICLE TWELFTH.
The liquidation OF tine affairs Of said corporation.
at the termination Of charter OF # sooner deter
by three Stock holders duly elected by majority IN
amount Of the Stockholders, At meeting convened
two newspapsrs published ia New Orleans The Pc
Rod Of liquidation and the amount Of their oompen
SIo1 sa foS a. shh BE- Ssd IN such
a. the said Stockholders may At such general meet
ing determine
ARTICLE THIRTEENTH.
The names of the Stockholders their residences
and the Respective shares held by each are for the
present declared to be such subserlbeoto THIS
act. and opposite the names Of each respsoetyely.
This done and passed in my office, in hef! Orleans
aforesaid in the presence of ZuinRlius MCKAY and
H. M. Dbbls, witnesses. Of awful 49, rsa.asAss e
thie CITY, who hereunto subscribed their names Eltn
the said parties'and me- Notary, afteE cue reA1lns
Of the foregoing on the day and date nfst above
EF rs;a5sn JAMES O. MOVES,
V9'sN'W W W. HOWE
ls CYRUS BUSSEY,
u. j. HIGBY. -
~ THOMAS j. DURANTsl
IS T. BROWN.
witnesses; zuNeIavs MCKAY and a. n. DBRL1s.
= r1s henry @. DIBBLE, Notary Public.
New Orleans July 6, 1855. gi oaws3dt
cE0RaE a. VINrEN.
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