New Orleans Republican., 1871-04-07

STATE or LOUISIANA, PARISH OF ORLRAN0.
CITY or uBw ORLEANS.

CvHARIBR............. :. !. :.
STATE or LOUISIANA, PARISH OF oRLRAHos
CITY or nBw ORLEADS.
pe It known, that ON this eighth day Of March. in
the year Of our Lord one tSoussad sSst nundfa ~ t
me-, % John Bsndsreassi. 5 notary pubic IN and Tor
the parish Cf Orlcane state ot DuulstanA. duly
ccn@issioosd and Gu.asd snd IN nj the pssssncs e
personally came ANA appeared the parties herein
after named and undersigned, who declared that
of Loufsisns relative to the organization Of co!po
ratons, they do BY these presents form tsemeolves
specifsd % Objects and under the following stipuls-
tions' to wit; .pr,crrr el&
e Si' nassH e AIS tsf RIVER
TlON COMPANY, and it shall have corporate seal
with the name Of the company thereon
ARTICLE IL
The business and legal domicile Of the company
or corporation shall be in the city Of New Orleans
subject to removal only by vote Of three.fourths
Of the stockholders.
ARTICLE III.
The object of this company is to construct or
otherwise to procure and meintain ono or more
stsamboats or other vessels to run and navigate
pose Of carrying freight mails and passenger; to
construct docks, wharves buildings and such other
constructions - may be necessary 70 the building
such Incidental powers and privileges a. are hereby
may be conferred on them forthe purposes afore
said.
ARTICLR ".
The president Of the company thus formed 10
hereby constituted the Officer ON whom citations
may % served Axr1cLRy
The capital stock Of this corporation is hereby
fixed at one million dollars represented by ten
thousand shares Of one hundred dollars each. Ten
conformity with Article XII, and it il provided
that this company shah be authorized TO receive
capital stock thereof at It's cash value, and that
the appra sal of the same be referred to the stand
ing committee to be appointed by the Board Of
that the company may commence business at any
time the Board Of Directors may deem it advise
a@oune mot exceeding two millions Of dollars BY a
vote representing twothirds Of the capital Of one
:. Is i tSs
Of the first 1--WE hundred shares Of the said COM
psny subscribed for, other than the payment
remainder Of the smount Of stock which
may be. subscribed for, other than the
times and in such manner as may be prescribed BY
the Board Of Directors provided. NO more than
ten per cent Of said subscription shall be called for
at any one time. and mot oftener than once in
! ARTICLE VI
Three-fourths of the stockholders in capital
| shall have the power to wind mp and settle al
sai.senSs Or s Of 'D %sas such $ Soiie.sons sdSi.
provided the same are just and proper, ON giving
ten days previous notice in two Of the newspapers
published in this city. iL
ARTICLE VII.
The Board of Directors, at early day, shall
proceed to elect the officers Of the corporation,
which shall consist of president, vice president,
otss .cs q shey %sy deem neesss.ry the rst
two of which shalI be frOm their own number.
ARTICLE WILL
The term for which this corporation is formed
shall be twenty-five yeark
| ARTICLE TX.
ekcfIoN l. The regular meetings of the stock
holders Of this company shall be helA annually,
commencing ON the first Aonday in June, A. D. 1871.
At which M time %aesty in capital shall ehoHss t
Of control for the management Of the Affairs Of the
cessors are appointed aud until the election Of di.
rect0rs a. aforesaid, the following named persons
affairs Of said company any three Of whom shall
6sHsvep. jehn;M: Bl.ak:. Henry L Jones; DEXTER
Phelon, who shall hold their Office until after the
first regular election.
meeting Of the stockholders shal not dissolve the
company but the directors then in Office shall con-
tinue to exercise their functions until new board
SEC g. Five members Of said Board Of Directors
shall form quorum to do business, and the Board
Al necessary rules and bylaws for the government
| of the company. provided the same do not conflict
with the true intent and meaning OF this act OF In:
corporstion and the laws Of this state; The Board
| of Direct0rs may declare dividends from time to
time, ss they msy deem advisable.
SEC. 4. II any director ehall cease to be stock.
holder during his term OF once 1T shall be declared
| vacated, or in the event Of the death, permanent
have the satSos III the Sacancy
| stoned thereby.
AHTICAk 4
No stakeholder shall ever be held liable respon-
nS1a tSno
ip % .oe ~ -. .r .. thd tS;r 3;
ssid compsny. nor shsil sny mere informaiity in
| eject 81 renderipe the nresenf ckarter mil nil
| or ~ oxr~s,"S e.s"clheiSar to .rv c-s.4.r
liability than tie smount Of h;s her or Their stccI
therein. ARTICLE u
N0 A.
Should any subscriber refuse or neglect to pay
% % he 2, & Their ss ,i % esSt
per annum shah be added thereto nom maturity
until final payment; and II any subscriber neglects
refuses to pay his her their installment within
Board Of Directors shsIl have the right Of causing
| any share or shares upon which any installment
NAV be due to De ,cid st auction or to forfeit said
sna.Gs OF 70 coMPe,s ~ sut, we Psymens 81 sucn
| msSsuments 10 tne O0eru may deem s0viseoe.
| M s,,a.cr;ptior IN ,a hdnainv until the ann NJ
| Aftv fh"nsasd SoIisr: i. snf.sre;lsed vhen NV
A''"' ~ ''" p0' '0.s .ms', p u.o "A1 l-S .''
AkTiCLk XIII.
The following named persons are stockholders in
said company, and as SUCH arc entitled to the num-
Der of shares placed opposite to their names, re-
John ". Blanks. Henry L Jones, be1ter g. Hitch.
And, in CONCLUSION. the stockholders hereinbefore
covenants and agreements, ordained and estab'
| Hshed by the present act for the pufDOaea above