The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-05-03
UNITED STATES OF AMERICA,
STATE or LOUISIANA, Orr or NEW oRLxAss.

UNITED STATES OF AMERrcA,2
STATE or LOUISIANA, orr NEW ORLEANS.
Be Known, That hI. eighth day Of February, IN the
ninety second before me Edward Ivy, notary public,
leans, State Of Louisiana aforesaid. duly commits
SSss sns Rsssp1 and w sSDss.ss he
declared that syAns themselves Of the provisions Of the
ton Of corporations in this State they have and
and do By these presents covenant Asres and bind
selves into ana constitute for ss objects and
and under the sipuatiOns regulations and Obga
ARTICLE l.
The and title Of said Company shah be che NEW
Ss5s sb.h 5 Ell, ~ New o sss and Sps ha
exist and continue for the term Of swsnsy v; from the
provided for shall have corporate seal with esyice upon
thereof '-N - ''''' '. 49, e'
e object Of said company Is to construct or otherwise pro-
and MAINTAIN OF more steamshps 70 constitute line
lines Of steamships to be owned and controlled In the city
OrROrts on ths Atlantic coast or Gulf Of Mexico
sns e s
in the said Company may be Interested
ARTICLE Ill
The capital stock Of said Company 6 hereby axed M tho
LARS. divided into shares Of Fifty Dollars each all Of which
to S a. or before ss % 1a D ns's sns MIL
lion. the should be required by twethirds capital
ARTICLE Nv.
The affairs OF said Company direction and
manae ement Of Higgins who may any
the privilege Of sssocaing With him more from
pIova Of the board Control VINO shall q
Agents TO assist In aniscng the business Of said Company
ARTICLE v.
SECTION I. The regular meetings Of the stock.
holders Of the Contrary shall be Geld annually, COM
m.neing the srs. Tuesday in February lss which
Der Directors ic the spsung yea. who shall con
shall be Chairman and entitled 70 vote all matters
boueht before IT, and until the election Of Directors sfore
aid the fol owing named sna constitute the nrst
B9SSd n Of Control via. N ssIIH WIN nSkEEvY j.
SIC The failure elect Directors aforesaid shall not
the % us u1 mt %
SIC Three members of said Board Of Control shall
ute for the transaction Of business and the sad
Board hereby invested wss 1 power 70 frame and ADOPT
ste and necessary for the Company the Of is
tent ard meaning q this Act of or With hs
law bx seet Cbairman 10 nreside a the mss,ine-
Ibs shall have power and ave hereby authorized e buy and
ps5y to make ut act S ~
borrow and TO build to be built for
SIC 4 If any member Of said Board shall cease to be
stakeholder Of said Company during his term Of service his
sbssnce a. resienaon Of any member Of said
Board Of Control q Control shall have
meeting thereafter of the Stockholders for the election Of
sToS Tbs said Board shall meet monthly the
ssesion Of business and the Manager NAV call them to-
| 1850
ARTICLE VI
srcr1oSl II shall be the duty Manager keep,
to be kept in bound books in the name Of the Com
psny record Of the proceedings transactions sc
complete Of the receipts and disbursements thereof
Ns cash I'm S S Of Ss 1s Sns
nss Of this city, s1s. TO the % on ss sOs5d %
be authorized and empowered TO draw checks be
So1nsTsgnss ~ the Secretary and transact all banking
sEc 2. Il shall be the duty Of the Manager Of SAID
ers whsnever required by them all books papers,
SS% 70 s on or the Of each
detailed statement of the business and Affairs OF the Company
IL q the re;g.s.iO9 absence
proceed 70 sPpOn nSnssss pro ShS sn s.os s
FOLDERS al meeting the Stockholders shall proceed
elect manager from among who shall be subject
fsry absence Of Manager Aforesaid Board Of Control
s have ANIMAL q the stcsRhode of the
Company the Manager may make repors Of such matters
interest Of the smpany meeting each share q
stock in the said mpany sAa be entitled to one vote on all
SIC 5. The said MANAGER shah have power 70 appoint
should subject to the approval OF the
employee time without the sanction Of said
Board.
On the expiration Of the said term Of twenty Eve years.
herenbsore agreed the existence Of sad
msjoy Of the stockholders IN capital shall have power 70
the property and effects belonging Company
disposition thereof ana finally Of winding up and hauidstins
| ARTICLE VII.
Jhreeouths Of the In capital shah have thu
power to wind and settle the business and affairs Of said
amy time Sang rs 81 III: q Of making
sixty days notice in two of the newspapers published
| this city
All transfers Of stocks shall be made IN the once Of the
and % n SSos Of bs5 70 Be fD' %
Of transfer to abide By all the terms conditions and stp
made and adopted in pursuance thereof
ARTICLE K.
No stockholder ever held liable Responsible
for the contracts, or faults Of said Company DO
nor shall any inormsty in the organization Of said
or OF exposing stockho 10 any greater liability than thu
amount Of his stock therein.
a ARTICLE XII
The said Company shan sue sued in It's corporate
capacity and plead and be implicated accordingly
ARTICLE Kill
The following named persons are stockholders said Com
pany entitled the number Of shares placed
opposite 70 their names respectively, towit:
Geo. q. Garner J. ,, sGrsOn Geo ". Manson, J. n
s,msn Doaas BsSa. David MeosrS ksnDe
Bell, WIN N Perkins, A. hitsnberger Co., whhslmai
S0sAr'' anu 0'n'" ARTICLE Kill
The Beard Of Control shall be smgOwersi to receive tarhs
scribed reached the aforesaid Of million
ARTICLE XIV.
This Association shall 90 into operation the
OF Fiy Dollars shall have been subscribed tor
And in conclusion stockholders herenbefore named
Confirmation Of the aforesaid stipglaons covenants an
agreements ordained and established BY the present act 10
herenbefore mentioned and TO that effect only
| do hereunio Subscribe their respectively.
Thus passed the city Of New Orleans aforesaid
the first above written, In the prosenc
Of and r. McC. Swain competent witnesses WI
sign their with said parties ana me notary
ypSn PsSSsSn K. Esnfy Smith, Gee srsdsRss
| Jas McCloskey, ia Bradbury, M ID, Edward Higgins,
| Jno Armstrong Edv. A. Yorke.
EDWARD IVY, Notary Public
| In presence Of Geo. CLARK, y. McC. Swain.
EnUE ALTON AU.