New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-04-18
....CHARTER.

c. DARCANTBL, Deputy.
New Orleans, March 10. 1871. mhl9 rs app II 81
CHATTER. CHARTER
STATE OF LOUISIANA, PARISH OF ORLEANS
CITY OF NEW ORLEANS.
Re it known that on this eighth day Of March, II
aud seventy one. and Of the Independence Of thu
United States of America the ninety .hnh, before
me, John Bendernagel, . notary public in and tol
commissioned and qualified, and in the presence @
the witnesses hereinafter named and undersigned
personally came and appeared the parties herein
awaiting themselves Of the provisions of the statutes
Of Louisiana relative to the organization OF cOrpO
into and consttuts for the following
specified objects and under the following stipula
lions, to wit:
The Official name Of the corporation shall be the
NATIONAL MARINE AND RIVER TRANSPORTA
TON COMPANY: and 1t shall have corporate sea
with the name Of the company thereon.
ARTICLE IL
The business and legal domicile Of the company
Oh corporation shall be in the city Of New Orleans
subject to removal only by vote OF three-fourthl
- '''s ARTICLE III.
The object Of this company is to construct OF
otherwise to procure aud maintain one or more
steambOats or other vessels to rum ON and navigate
the Mississippi river its tributaries for the pur
pose of carrying freight, mails and passengsrE to
constructions rs may be necessary TO the building
aud repairing Of vessels. and generally to exercise
such incidental powers and privileges ~ are hereby
ssid. ' - ''''' '''' ~ '''''' - >''' = WV ''
ARTICLE ".
The Of the thus formed
may be served.
The capital stock Of this corporation n hereby
fixed at ons million dollars represented BY ten
thousand shares of ono hundred dollars each. len
per cent of each subscription shall be payable in
conformity with Article XII, and it il provided
THAT this company shall be authorized to receive
subscriptions, in lands or other property. to the
capital stock thereof Mt its cash value, and that
the appra sal Of the same be referred to the stand
ing Committee to be appointed by the Board Of
Directors for such purposes and provided, also,
that the cenPany may commence business e. any
amour not exceeding two millions of dollars by .
million deiiars Il il also provided Tat no fur
thor payment shall be required from the holders
Of tho first FIVE hundred shares of the said COM
provided for and required BY Article XII The
remainder Of the amount Of stock which
may be. subscribed for, other than the
times and in such manner ~ may be prescribed by
the Board OF Directors provided. no more than
ten per cent Of said subscription shall be called for
ARTICLE VI
IuxeOIOU1G00 OF v0o 0COCk0OIQ6T0 In C0O1t0l
shall have the power to wind up aud settle eli
affairs Of the company at any time during its
existence, or Of making such notifications, add.
provided the same are just and proper, ON giving
ten days previous notice in two Of the newspapers
published in thi: Eli ARTICLE VII
The Board Of Directors, at an early day, shall
proceed to elect the officers of the corporation,
which shall consist of president vice president,
treasurer, superintendent, secretary and such
other officers rs they may deem necessary, the first
two Of which shall be from their own number.
ARTICLE VIII
The term for which this corporation 10 formed
shall be twenty-five yeaHL
ARTICLE TX.
SECTION l. The regular meetings Of the stock
holders Of this company shall be held annually,
ut which time . majority in capital shall choose
seven Of their number to serve directors for the
ensuing year, Who shall form and constitute board
OF control for the management Of the affairs of the
company for the following year. or until their
cess0rs are appointed; and until the election Of d.
shall constitute board Of directors to manage the
affairs of said company, any three Of whom shall
constitute quorum, viz: Joseph C. Hess, David
DeHaven. John VI. Blanks, Henry l. Jones' Dexter
9. Hitchcock, William A. Bates, and william H.
PhelOn who shall hold their Office until after the
SEC. g. a failure to elect directors at regular
meeting Of the stockholders shall not dissolve the
company but the directors then in Office shall con.
tinue to exercise their functions until new board
SEC ,. Five members Of said Board of Directors
shaIl form quorum to do business, and the Board
81 IscsCs snH nal; nave power t. make and adopt
Of the company. provided the same do not conflict
with the true intent and meaning of this act Of in
Of Directors may declare dividends from time to
time, as they may deem advisable.
SIC. :: II any director shall cease to be . stock.
vacated, or in the event Of the death, permanent
absence or resignation of any director the board
shall have the authority to I'll the vacancy occa-
ARTICLE K.
No stOckholder shall be held liable or respon.
sible for the contracts or faults OF said company
beyond the amount Of his her or their stock in
said company. nor shall any nero informalry in
the organization of said company have the
Ct es to ny e.s
liability than the amount of his her or their stock
therein.
Should any subscriber refuse or neglect to pay
hls her their installments, - the,
lame fall due interest at the rate Of eight per cent
Until final payment; and il any subscriber neglects
y refuses to pay his her or their instment within
thirty days sftes the specified time Of payment the
Any share or shares upon which any installmenf
may be DUE to be sold ut auction, or to forfeit said
OF to compel by suit the payment Of such
ARTICLE XII
No subscription to be binding until the sum Of
hfty Thousand dOllars 10 subscribed when q pay.
ment OF ten per cent shall be duo and payable.
ARTICLE XIII.
The following named persons are stockholders in
Mid company. and, 40 such, entitled to the num-
Yer OF shares placed opposite to their Names re.
.pectively, to wit: Joseph c. Hess, David DeHaven
John w. Blanks Henry L. Jones, Dexter G. Hitch.
,ock. William A. Bates and William H. Ph6lon.
And, in conclusion, the stockholders hereinbefOre
,amed in confirmation of the aforesaid stipulati0ns
covenants and agreements. ordained and estab-
ished by the present act for the purposes above
and to that effect only, have herein
'fter subscribed their names respectively.
United States internal revenue stamp to the
luly cancelled.
Thus done and passed at the city of New Orleans
fOresaid, the day, month and year first above writ.
en-. in the presence of John D. Harde and William
l. Sheppard, competent witnesses of lawful age,
lomiciiiated in this city, who hereuntO sign their
lanaes, together with the said PARTIES and me,
rotary.
Original signed:
!. c. Hess, 20 shares: D. DeHaven 80 shares.
Y. H. PhelOn. 20 shares; J. W. Blanks, 20 shares:
Ienry l. Jones' 70 shares D. G. Hitchcock 20 shares:
W. A. Bates, 70 shares.
JOHN d. HARDR,
w. II. SHEPPARD.
J. BENDERNAGEL, Notary Public.
STATE OF LOUISIANA
Parish Of Orleans.
!, the undersigned notary, do certify the forego-
ng to be true copy of the original act ON file and
f record in my Office.
In faith whereof hereuntO' set nv hand and
ffici0l aeal. this tenth March, n 1871