Semi-weekly Louisianian. [volume] (New Orleans, La.) 1871-1872, 1871-07-13
~ DtF WI
ARTICLE H..

- A.-,-e,4,, A1I1C1E nI.s. -
l. The resulHf meetings q tie s!pck-
lholdera OF tlAs company .shell be held
ANNUALLY, commencing on the fryt Mon, !.
day Of Deceanbsr. 1874 = which, time
10 majority, in capital -shalt choose
afteen Of their number 70 serve - 3
directors for the ensuing year; Who sllali ;
form and constitute ttUnfd Of directors =
cor the management Of the affairs OF ths
company for the following year, until
their successors re elected as Aforesaid
THE persons named in section one OF
lthis act shall constitute the first bonra
; of directors, who shall serve uusl their
,ucccssors arc elected, - provides for
| in this section.
- Vs. ART1CLR TX. - sls
A failure to elect directors at . reeula
meeting Of the stockholders slau nor
dissolve the company, but the directors
then in Office shall continue to exercise
their functions until new board =
elected. Five members Of the board Of
. directors sh VI form quorum to do
g business, and the board Of directors
!. shan have power to make and adopt all
!. necessa,y rules and bylaws for the
|. government Of the company, provided
y the same do not conflict with the true
e intent and meaning of'this ''act OF in
d Incorporation, ;" end the Laws Of the State.
J. The board of directors may declare
er dividends from time to time, rs thy
"a may deem advisable. - u.s. - ~
81 Article K. s Aa'
9. If any director shall cease to be
o. q stockholder during his term Of Office, Y
= shall be the declared vacated; or in the
r = event of the death, permanent Absence
~ or resignation Of any director, the
:, the board shall have the authority to
de ill the vacancy accustomed thereby.
10 ARTICLE. xI'
rt- No stockholder shall ever be held
re- liable OF Responsible for the contracts
rsi or faults of said company beyond the
on amount Of his, her or their stock III
IA said company, nor shall any mere
TT inforlnaiity in the organization OF. said
me company have the effect Of rendering
'ea the present charter null, or of exposing
0 a stakeholder to any greater disability
than the amount Of his, her or their
tho stock therein.
itee 9e ARTICLE XII: .-..i.- H.,
ike Should any subscriber refuse, or neglect
ma. 20 pay p1actually his, her, or their install
anents as the same fall due, interest at the
ha. rate of eight per cent per AMMAN shall be
,rce added thereto from maturity until hiia
payment; and il Amy subscriber neglect or
refuse TO pay his, he- or tasir install
49,, .nents within thirty days after the specified
- time OF payment, the board Of directors
:, shall have the right Of causing any shslrs
~" or shares, upon which any u,s;;illmeil-
inay be due, to 1e sold ut auction. or ~
forfeit said shares, or to compel by sni
the payment OF such instaliments NJ
ooari may deem advisable.
AkTicf4 All.
'" The President OF the company ia hersby
A'' constituted tine officer On whom ell cios
lions may be served.
Gen :, u. :. s,r.,,., s,..,a3 Ia IN,
I'u The Governor O, the State Of Lcuisian
i''on shall snDscri5e to the capital stock 0f G'
mo . Mississippi River Packet CemI~sny, in I'll
81; ,..ams Of tho State Of Lo1isiaua. twenty
y i've hundred shares Of o,.e Au,ir.i' d.
'e .irs each, the said twenty-five hundrs-
.harcs to Lee pad u,,ou tho Organization {
- aid company.
Bee. 5. BE- it farther enacted etc. Iha
ltinc he Treasurer cs tie State Of Louisialis
Com. loleby authorized aud r.quired to pa
,reto he comp my ihs ir'talipentA OF the sui
tn, ,eriptlons ,naic as aforesaid as they b
.t;ves come due, and payable on the rslnisitio
II If the GoveriloS oat Of any mo.eys in 4
.res.Sury not Otherwise appropriated
''ii'' Sec. 4. BE it further enacted. etc., Tn
ersoh the Governor shall be required to depo
:. ) sith the Treasurer Of the State Of Loui
1 Poi .ana the certificates Of said shares, for 81
Sella Aeeping, and the Treasurer saall be
Z. ,pons;ble to the General Assembly for q
assor aIne..
CON Sec 5. Be it fnrI,er enacted. eto., tn
mr. .he State Of Louisiana shall be entitled
lights 'nree l'' aifes'''rrS W 9Au ~sn
.iivel Packet Company. and they Aaii
~ 1.ppointed BY the Governor Of o'ate
md with the advice and cotseut Of Il
- - ,euate, and shall have thsame nSh
. :" nd privileges tina. any otys director ms
Pany' nave.
pro- Sec. 6. BE i. furths tSnsetsd. etc., Tn
Il en- ibis net Shali take 4 1T from and alter l
right, passage, i4'ei - Cos ~
VS. Of signed, HEo. W. CARTER
.s1s. ,pe,,ker Of - House of Representative
-Gl sionedL q OSCAR ]. DUNN.
sso,li ISeuten& Governor and President Of Il
s-r 6Este. 20 s4ism .rsss... uts
IA u< copy: 70. .,aa.
80. GEO T. Boxxx,
Secretary Of State.
e anV
!" y Note by tho Secretary If Sate.-The fol
n /iu yoinu act having been presented to &