The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-01-28
CHARTER.



STATE OF LOUISIANA, PARISH OF ORLEANS.
Be Known, That the sisth day Of January, in the
year q Lord one thousa5a fgh hn9drsd AID sixty
Dinetysecond before me. Edward Ivy notary public ia
ed and qualified and the presence Of the Witnesses
hereinafter and undersignsi, personally aud
who declared that svng Of the provisions
the statutes Of Louisiana relative e the organ,At on Of coz
constitute corporation for the following specified objects and
under the following stiPulations, TO wit:
ARrIcLEI.
sIIPL Valley sAvIGA,I0N COMPANY OF tbs
SOUTH AND WEST, and 1t shsll have u corporate seal
with the name Of the Company thereon.
ARTICLE II.
The business and legal domiei Of the Company or Corpora
sion ss Be in the sy Of New Sesns s1Ss s to
ARTICLE ILL.,
The object Of this Company construct otherwise to
AND %ST,s S9s %, q S RS. OF Or oss S
aes for the purpose Of carrying freight mails and Dassn
privileges hereby may hereafter conferred
or the purpose Aforesaid.
ARTICLE ".
The Of the Company thus formed is hereby
stuted the officer on whom citations may be served.
ARTICLE v.
The capital stock this Corporation Is hereby Hxed
shares Of one Hunorsd Dollars sch Ten per cent Of each
subscription shah be payable 10 conformity vita Article XII
prescribed by Board Of Directors provided
at any one time and not osner thsn thirty days
pro'ded also that zoe Company may commence bushes: q
be capital may he increased an amoan. no. exceed
Of he capital Of Five Hundred Thousand Dolars.
ARTICLE VI.
reeuhs OF the stockholders in capital shall have the
power to wind ~ and ss the business and si Of the
mod cations. additions changes to ths act on giving
days previous notice In two Of THE newspapers pub
lished IN ths city
IN
the officers corpor -on which shall Of Prsi
dent Vice President Treasurer, Secretary superintendent
fTst Of which shall be from their own nambsr.
The which this corporation is formed shall be
twenty live years
The regular meetings OF the Sockholdsa of
COMPANY shall be held snIns On q. third
tai sh al hooe OF their number directors
Contro for management the the Company
the following year OF un their ss app tinted And
persons shah constitute Board of Directors
siuts quorum, viz: Thomas A Ad.Ss William whsnn,
CHARLES BIigg. vi liam 8 Pse william Oreevy, Alfred
SIC Afsure % eect Directors at regular nesting Of
Directors then in Office shall to exercise
lions until Boardbe elected.
10 do business and TIE ard of Directors shah
have power 70 make sLa 1ep. al s ~ a ~ ~
conflict with the interest and meaning OF this
IN,
Directors declare dividends from time to time as they
SIC II any Director shall cease to be Stakeholder
ring hi. term OF once IL shall be declared veeste or in the
the death. absence resignation OF
Director Boaid shall have the authority to 6the
OccAsiCne thereby.
4.
No Stakeholder shall be held Il bile responsible
for the contracts faults OF said Company beyond the
smGunt Of his her or their stock in said Company no.
Company have the effect Of rendering the present char
null Of exposing a stakeholder TO any greater liza
y than the amount Of his her their stock therein
ARTICLE
Should any subscriber reu neglect to punctuay
his their nalment instaments the tails
the ofeight cent snnum shall be
ADDED thereto from maur ty until hna payment ID h any
ubscrbe negects or refuses 30 pay his her or thsr initial
the right OF causing
shares upon which Susment be due to De
sod auction forfeit said shares TO mpel
payment Of such instament instalments
| the board may deem advisable.
| ARTICLE
subscription be binding until the Of two hundred
thousand dol when the first payment Of ten
| per cent. shall be due and pay able.
ARTICLE KIN
The following persons Stockholders in said Com
pany and such EMIT ed to the number OF shares OF
placed opposite their respectively. to wt
William Creevy, George A. Fosdck Thomas A. Adams VIM.
whann. Alfred Moulton, Charles Briggs Jr William g.
Pike ID DeHaven
And in conclusion the stockholders hereinbeore named
IN conformation Il the Aforesaid stpnsti0ns aad
agreements ordained and established by toe present set or
the above MENTIONED and to that elect on have
herein above subscribed their names respectively.
Thus done aud passed the city OF New Orleans, Aforesaid
the day NTH and first ab written In ths
dmicad in this city, who hereuntO signed their
with said parties and me notary. -
=. McO SWAIN
EDWARD IVY Notuy Public