The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-01-26
CHARTER.

! CHARTER.................".......oHAR
STATE OF LOUISIANA, PARISH OF ORLEANS
| CITY NEw ORLEANS;
Of Lord thousa1 eight ha9dre nd sixty
nnety-seoond before me, Edward Ivy notary public
me s5 n5a "a and sSe 81 Of & Say com
hereinafter named and undersigned personally aud
who declared that avaing themselves of the provisions OF
The statues OF Louisiana relative to the organization OF cor
constitute eorpost for following specified objects and
under the following stipulatons to wit:
The official Of the Corporation shall be the MISSIS
sIII Nh VALLEY 4. sAyIGAIoS COMPANY OF THE
with the name of the Company thereon
ARTICLE H.
The business and legal d9Tc Of the Company Corpora
only BY of threeiOurths Of the stockh llders.
ARTICLE III.
The object of this Company to construct otherwise to
sells to run on or the Mississippi River or its rba
tares for the purpose of carrying freight mails and
gers and generally to exelcie such incidental powers and
as are hereby or may hereafter beonferred on them
or the purpose aforesaid
ARTICLE ".
The President Of the Company thus formed is hereby
sstuted the officer on WHOM citations may be served.
ARTICLE '.
The capital stock OF this Corporation is hereby fixed at
Five Thousand Dollars by Eve
shares Of Oe Hundred Dollars each Ten per Of each
and the remainder 1Ss be PAID a. the time and in The man
mere than e Ue @ Of aid 10 has mos
any and osner than thirty days and
any time the Board may deem advisable t, do
So The capital may be increased 70 smoant exceed
Of the capital Of Five Hundred Thousand Dollars.
VI.
Three of the stockholders capital shall have the
power to wind and stt the business and affairs
Company time during its existence of making any
sixty days previous notice in two of the newspapers pub
lished in this city.
TT Of Directors at an early day shall to elect
dent Vice President Treasurer Secretary Superintendent
ard such other eces as they may deem necesay the two
hrst OF which shall be from their own nambsr.
ARTICLE
The term for which this corporation ia formed shall be
twenty years.
ARTICLE X
Section Tie regular meetings the STOCKHOLDERS THE
SG%RsRy 6s be hss snIusy On tn. third
sh all choo their number to serve as directors
for The ensuing who shall fern and constitute Board Of
Control for the management Of the affairs OF the Company for
the following year. until their successors appointed Aud
named persons shall constitute Board OF Directors 10 man
age the affairs OF said Company three u HON shall
Soatop saT. Foaicf and David sH H.y U5eeVy Alfred
SEC failure t. elect Directors at meeting Of
the stoeEhEders shall not dissolve the Company but she
tiens until new Board be elected.
SEC Members OF said Board of Directors shall form
have make aud adopt all necessary rules bylaws
true interest and anins Of this Act
Of ncorpora ion and the laws this State The Board Of
Directors may declare dividends from time to time they
SIC II any Director shall cease to he Stakeholder du
ring his Office shall be decsrd vacste1 or in the
of the death permanent resignation any
Director the Board shall have the authority vacancy
occasonsd thereby.
ARTICLE Z.
No Stakeholder shall be held BILE or responsible
for the contracts faults OF said Comp beyond
Of his, her their sok in said Company, nor
Company have the effect Of rendering present char
ter null or Of exposing Stakeholder 10 any greater La
bity than the amount Of his, her, their stock therein.
xI.
shud any subscriber neglect to paw punctuay
his her their nsAment insRlments, the falls
due interest at the rate ofegh per shall
subserbe negects refuses pay his her their in.ta
ments within thirty days the specified time payment
share shares npon which ustGmen due to be
sod at suction or to forfeit said shares, mpe
by suit the payment Of such insament nsauments,
the Beard may deem advisable.
No subscription to be binding until the sf two hundred
thousand dol subscribed when the rst payment Of ten
per cent shall be due and pay able.
ARTICLE XIII.
The following named Stockholders in said Com
pany ana as such are entitled 20 the number
Wi liam Creevy Geo. &c A. Fosdick Thomas A Adams VIM
Whann Alfred MOulton, Charles Briggs, Jr., William s.
Pike, ID DeHayen.
And in conclusion the Stockholders berepbefora na.d
in conformation If the aforesaid spuEons covenants AID
agreements ordained and by present for
toe purpose above mentioned and to that effect
herein above subscribed their names respectively.
Thus done and passed at the city OF New Orleans Aforesaid
george ark and McU Vain psss N shs presence
domcad in this city, who tigaed their names
GEORGE CLARK,
F. McO. SWAIN.
EDWARD IVY, Notary Public.