The Louisianian., 1870-12-22
oHtHTER
THE
Mississippi r Packet Company.
PASSED du the session of 1862

SECTION 1. dt enacted by the Senate
and House of resentas1ss Of the State
Of Louisiana ID fnerm assembly conuened,
That Benjamin. Montgomery, G. c. An
tome, AndersGewis, Geo. Y. Kelso, j.
Cammack, P.t S. Pinchback, james
W. Mason, Giles D. Frelson, s. p.
Wilson, j. Jfonette, r. j. Bontsiner,
William Joht, T. q. Deslonde, Curtis
Pollard. A. Harber, and their asso-
ciatss, SUCCESS and assigns are hereby
created and Jstituted body corporate,
for the purpk and with the privileges
and rights hereinafter set forth.
ATT. l II faid body corporate shall
be known der the name and title OF
the M1ss1sst RIVER PACKET COMPANY,
and by this lie it shall acquire property,
sue and b bsued, and shall enjoy and
exercise all be powers and rights Of
body corpdte under the laws OF Louis
lana.
ART. q le domicil of the company
shall be i,jle City of New Orleans.
Arr 3. le object Of this company Ii
to constrd or otherwise to procure and
maintain 10 or more steamboats, to run
;.nd nayi3e the Mississippi river, or it.
tributari( for the purpose of carrying
freight a passengers.
ART. 4The capital stock OF this com
pany is breby fixed ut five hundred:
thousan| dollars, represented by five
thousarishares of one hundred dollars
each. miserable on the books of the
compal| and each share shall be entitled
to one Ito in all meetings of Stockhold
ers. u per cent to be paid when tn
| amour of two hundred thousand dol
lars il subscribed, and the remainde
shall Ipaid at the time aud in tbe man
ner ptscribed by the Board of Directors
upri d, that no more than ten per cent Q
said subscription shall be called for q
any Inc, and not oitener than once i
sixY days The capital stock may b
inc used to an amount not exceedin
on( (nillion of dollars by a vote repre-
sejng two-thirds of the capital.
EsT. s. Three-fourths of the stocl
h&ers in capital shall have the powe
| tdvind up and settle all affairs of th
dnpany at any time during its exis
lice, or making such notifications, ad
tions or changes to this act ON givin
Ihirty days previous notice in two Of til
Newspapers published in this city.
ART. &. The Board Of Directors at o
carly day shall proceed to elest the Off
,ers of the company, which shall consi'
If President, Vice President, Treasure
Secretary and. such other officers as the
may de EN- necessary.
ART. Z. The term for which the cen
pany is formed shall be twenty-6,
years.
ART 8. The regular meetings of Il
stockholders Of the company shall
held annually, comm encing on the fir
Monday Of December, 1871, at ,whit
time majority. in capital, shall choo
fifteen of their number to serve as Dire
tors for the ensuing year, who shall for
and constitute Beard of Directors f
the management of the affairs of Il
company for the following year, or uni
their SUCCESSORS are elected as aforesai
The persons named in section one of th
act shall constitute the first Board
Directors, who shall serve until their su
cessors are elected, asprovided for in th
section.
ArR. 9. A failure to elect Directors at
regular meeting Of TIE stockholders sh,
not dissolve the company. but the Dire
tors then in Office shall continue to 9
ercise their functions until new boal
is elected
Seven members Of the Board cf {
restors shall form quorum to do bus
ness. and the Board Of Directors sh;
have power to make and adopt all n
cessary rules and bylaws for the Cover
ment of the company Provided, Il
same do not conflict with the true intsl
and meaning Of this ~act Of incorpor
ton" and the laws Of this State. II
Board Of Directors may declare dividend