The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-04-05

this portion OF the South would SEEM ironi
the prompt decided and explicit action OF
AZ. ;r,ra;o~a.;ov, convention at Jackson.
ZIG -, ,:-..;,,,
Miss, to be taking practical oirecuon
which Affords a reasonable hope that it viii
..--I, - -. - .nh.t.rt;., ~asrlts
IN no iong time arfiro az ouo'''l'''"'
The plan Of organization adopted by the con-
-.xs;a.. ..-4n~..,,stes the formation of COM
'eA'.'o' - - ---..L.-
panies under charters comprising IN coniinon
the following fundamental provisions:
s..-,-,.., III. com,anv shall he called. ssThe
oHSIiyS =; .lo "n5 Gc,on;-at;op Command
rteenoo Aane on.
VI a- m. comnanv and ia affairs shall he
oro. :, -. ~ hea,f ~ oovernora not exceeaing
nans !; n ~ one Of wbom shall be president:
"a ~ snlIowino named uersons - shall
hs governors for the rst wear, at the expiration
ps ks LUZ ~, "a s.onslIy tbereaf,er the hoard
" rns snx ns shaiI he elected bv the stock
"a 49, - 80 ecrnnanv zach stockholder having
holders o. sne esSs stoeS nwnsS nv s;
The The board q governors shall have power . y.
DOLL 'rsratio sor se,v;ces in snv and Al, ~
s t. sna;,;ss - rsav he rscn;siss -
&C.. q Tts oh;sc,s If fbe comnanv are to nur.
hase MIA ssu rent Lease and i'm orove landed
eness 80 - 49,, "a shsll Ia % NJ var IN nor
paopeay a1 ~ sbors o. LONG nsr;oas and secnre
~" r' r. ~ -nrtasrs nno5 bond or other VIA
-. sah. ~ g. sncb Observation-Disclosures "a the
- se~n 80 dstar,;na hnf the noortgags nov
Al IN
sa 81 es.s NC ,;f H., a. hn,,d fsr., homsstseas
VIC n,.n see'oA 49, ,har-;sa ;nrrnvs ths
anu neoses upon, ana ys... az s anagpa 1885,
P.op.i'y s y, w - -, s,;,sy chsrsctsr. ana csn
any o'se' ,b ~ ba nasas az y. 70.
erany " W SUN sss Ia ~ 80 ~ ass,'sdis tha
ciltale tne eessopnens anu nsa s - xh,;S
resources OF ,ne company Janus W puoIsu
,nIoosnoru' .no on'su Ssaes asS - rs. hs
france, oeImsny anu v'nei shn - ~
'noush' pIopei' 80, aae re-
aseIages, nne'sl ant o,nea Co. shs snc,,.
the county. as may oo necessary ~. ~ ss
ragement OF mmig,auon' also, 70 appo ILL.,. sson.s
Ior Europe .nrousa '1s Ta;,ad S,s.ss vbsr are
such oiner agents lor Inc onieeu oss'es, |" a.Ie
ano as tne governors may ueciue, auu suol o'ns'
places as may De neeoeu ~ caflyIns ous 'no ~
Jects OF the company, auu W ailahse ~, sass
expenditure as may oe ~ wy es %
ane sos d a - hssws Tor he maasrement
Oh us omceIs' - A.. ..,.,.,, sh.,I
SIC =. Inc capitai s,ocA vi lne oounpany ssa,
De nAeo ~ uo'iai'' " W nv. s5;;s, ~ 49,
sum not eAceeu,ng "a sus. ~ =; $685.,
shares Oh one hupoIeu coiars eaon ~ isee .. -
com, OF us equisalent ~ s'elns aIa ga
shares shall issue IN two classes-A ana b-ana
tbree-nitns OF me capuai STOCK snaii ISSUE N
shares, TO De cameo common SHARES; WHICH may
be subscribed IN ianos under sach rules anu reg,
latioDs as the governors may prescribe. the lands
to be valued on feoerai com oasls' ~ apPtals'
ers, TO be appointed py tnem OF ,ne saiu snaie y:
may De issued al the oHecuoh VI 'ne soseino AZ
payment OF necessary expenses ncuIicu sus Iii
;sns y; shares IN federal coin or its eouiyslent
in sterling money, and for cash only at such times
and prices as the pos1a o. gossrnSss may shs
A a or common shares shall not receive dividend
until the B, or preferred shares shall have re
Ts sbsrss sbsY1 taSs the balance of
up TO the same amount Of six per centum per an.
mum; and the remainder Oh i me revenue ., 2.
between both classes of shares alike; and the
said B. or preferred shares, shall be received At
p IT, lands "a, at ' the came prices as money.
SEC. 5. In addition to the share capital, the
company shall nave power 70 potiow s, On
for the purposes Of the company as herein pro-
vided; and the mortgage powers OF the company
shs IN no case excsed in amount one third Of the
capital stock actually issued, and bonds issued 10
p any ol aS 81 ao s Of tSs companv
at The option of the holder, as in the case of B
shares. :, g.. .. ,.o, n.
date Of u The orasnizston the stocihoIders Of the
company. either by vote, in psrson, or by proxy
OF =, snT n,snsrsy hy nnht;c ancton
and after payment Of all liabilities and the repay
nent to the shareholders OF tne prlncps' sums !,
The holders Of The eco common stock.
A correspondent, whose communication we
publish in another column, remarks that. this
form of charter was adopted at the instance
of Mr.. John Everitt, of England, who repre-
SCENTS a large moneyed interest in London, and
that this intelligent and enterprising fnanciel
promises to the new immigration movement
the assistance of his London firm on condition
that companies shall be formed in the Soutl
conformably with the provisions above speci
fed. Apart from any weight which Mr.
/ Everitt's personal character may give to thi
promise. there is in the terms of the charter
framed expressly to suit his views. ground 70
believing that he and others for whom h,
snealSs are ready. ON fair basis of security
70 advance cash capital for investment in thi
enterp,ise. and to promote in a correspondent,
uesiee 'no 'oioAi-"..oA "A1