The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-05-24
us.TrED STATES OF AMERICA. f,
s.Irx or LoursrIy.1 Orr or Nxw ORLEANS.

lied STATES OF AMERICA. /,
STATE or Lournls. y Orr or Nxw ORLEANS.
Be Known ina, tsI, day Of F:sr..Iy n
and Of The nss Ts Of the United STATES Il:
ninety secOnd. before Iss Edward Ivst notary public
leans, State Of Louisiana aforesaid, Ouy commits
parties named and undsgnsd who sysra
sscared that syaing themselves q the proys pms Of the
ton q corporations in this State they have and
and DO By these covenant agree and bird
selves into ano constitute for the objects and
and under the spulaOns regulations and OSla-
ARTICLE 1.
The and title Of said Company shall be the NEW
hereby established in he city Of New Orleans and n sa
exist and continue for the term of twenty i've years from
provided for l. shall have corporate seal with upon
the same and the name of the Company upon the margin
ARTICLE II.
The object company CONSTRUCT or otherwise pro
lines steamships to be owned and eintoea IN the city
o. Ns~ and e trade esSss9 sad city and any port
s1d shall be the proper person on
In the said Company may be interested
ARTICLE III.
The capital stock q said Company hereby nxed the
sun % f dv5. I'M ! AnD DOL
70 De paid or before the signing OF these prent which
hon. shs should be required by two-shrds capital
ARTICLE w.
The affairs fsaid Company shall be direction and
ma q h who may At any time have
s sos5 81 S5, ne 91Py subject to the a
Agents 70 assist in ransscng the business Of said Company
ARTICLE V.
SECTION l. The regular meetings Of the stock
holders Of the COMPANY shall be he'd annually. com
meeting majority in capital shan choose vs Of their mum
sute Board Of Control Of which the said Manager
shall be Chairman and entitled TO vote all matters
aid the following named shall constitute the hrst
PTMBSRToN, J. ARasfRoSG. j. MSo COL oKTT.i j.
SIC The failure 70 elect Directors as aforesaid shall not
continues exercise its functions, until Board
SIC members of said Board Of Control shall con-
Sue quorum for the transaction Of business and the said
such by laws rules and regulations they reql
site and necessary for the Company and the transaction Of
affairs provided the shall conflict true in
tent ard meaning Of this Act Of Incorporation with
ager they may Chairman preside At their meesns
Thy shall have power and ave hereby authorized g buy and
pany to make contracts leases mortgages hypothecatiOns
borrow money and to build cause TO be built eAshpsr
SEQ 4 II any member of said Board shall cease to be
sbS TO- ssS Company during his term Of ,s,Scs his
Small DC oeearea Vacant ana In the event OF the DEATH
Control the said Board Of Control shall have power
meeting thereafter Of the Stockholders for the election OF
SIC s. ne said Board shall meet monthly for the tran
saction OF business and the Manager call them to
gether at any time, BY giving SIX hours notice In writing
ARTICLE VI
SECTION 1t shall duty of the Manager to keep or
pany record Of the proceedings transactions ao
complete account Of the receipts disbursements thereof
keep cash account in one Of the banks or SSnfne eo
panes Of this city subject to the
be alone authorized and empowered to draw checks 10 be
eountsrssned By the Secretary, and transact all banking
SIC: 2. i shsl be the duty Of the Manager of said
whenever thereto required by them all the books papers,
and documents belonging TO raid Company and also
detailed statement of the business and affairs Of the Company
FIG In the event Of the resignation permanent absence
S ssh Of the hsnsss, the Board Of Control shall %ms
as such until TIE first animal meeting thereafter q the Stock
elect from among themseves who shall be subject
70 election annually thereaer and in the Of the tempo
shsll have power 70 appoint Manager tenn;
SIC AZ the ennuA meeting OF the Stockholders OF the
l:S sSss T ss
stock in the said Company ssa be entitled vote on all
SIC 8. The said Manager shall have power to appoint
SecIsSy scents and other employee: annually and 9ene
Board Of Control; ano be said Secretary agents.
or other employees at any time without the sanction o. said
ARTICLE VII
On the expiration the said term OF twenty-five year.
majority the stockholders in capital shall have power !:
the property and effects beIop1nS 70 ad o. an
decide and Ok the and conditions the sale OF
its Affairs TO the best advantage.
ARTICLE VIII.
Threefouths Of the stockholders capital shah have thu
power to wind up and settle the business and affairs Of said
modhcatisni additions changes this act on diving
sixty days prevsus notice in Of the newspapers published
ARTICLE TX.
All transfers of stocks shall be made the ONCE Of the
a 20 ha bat
tina, purpose The stockhoder binding himself IN said
& act and az ANN S9s s o sPS %
made and adopted in pursuance thereof
ARTICLEx.
No stockhoder shall ever be held liable or regoonsl
the anSnn. Of Ss OSa in said H"P SonDaR S
nor any mere IN the 0Tgsnzasa Of sad
or Of exposing to any greater liability than tina
ARTICLE XII
The said Company shah be sued It's corporate
and capacity, and plead be implicated accordingly
ARTICLE XII
The following are HtOekhoders said Cam
pany such entitled the number shares placed
opposite TO their names respectively, to-wit:
Geo g. Gamer, J. B. sGrson, Geo " Manson, J II.
stauer, A Shropshire John femberton Edwd A. York
Bell, VIM N. Perkins, A. Mtsnberger Co., WLhslnas
00s'r'' ana 0'nerA- ARTICLE Kill
The Beard Of Control empowered farths
subscriptions 70 said Capital Stock until the amount sub
screed shall have reached the aforesaid sum OF one mon
ARTICLE XIV.
This Association shall into operation the sum
OF Fy Thousand Dollars shall have been subscribed tor.
And In conclusion the Stockholders herenbefore named
Of the aforesaid spuations, and
sapo meDonsd 10 hat ss cu
do heTeunto Subscribe their names respectively.
Thus done and the city Of orleans Aforesaid
the day month and first above written IN tho
of Geo Clark and r. McC. Swain competent Witnesses who
hereuntO their with said parties and notary
John PembertOn, +. Rigney, Geo. w. Manson,
William Creevy, Marshsl u Smith. @. X. Bradshaw,
Jas. AcClOskey, IA Bradbury. N D. Edward Higgins.
Jno Armstrong, Edw. A. Yorks.
EDWARD IVY, Notary Public.
In presence OF Geo CLARK. ?. McC. Swain.