New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-04-21

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Directors for such purpose; and provided, also
time the board Il Directors may deem It sdvis:
amour, not exceeding two millions Of dollars by
vote representing two-thirds of the capital Of ON
: l. 1sS that
Of the first five hundred shares of the said com
pany subscribed for, other than the paymen
remainder of the amount Of stock whicl
may be subscribed for, other than thu
said five hundred shares, shall be paid at sucf
| times and in such manner Is may be prescribed ny
the Board Of Directors; provided. no more thar
ten per cent of said subscription shall be called
ct any one time, and not oftener than once il
ARTICLE VI
Three-fOurths of the stockholders in capta
affairs Of the company at any time during it,
existence, or Of making such notifications, aldi
lions or changes to this act IS may be required
provided the same are just and proper, on giving
ten days previous notice in two Of the newspaper
published in this city;
The Board of Directors, at an early day shall
proceed to elect the officers of the corporation
which shall consist Of president, vice president
other officers as they may deem necessary the frs,
two of which shall be from their own number E.
ARTICLE VIII.
Tho term for which this corporation IL formed
shall be twenty-five years.
ARTICLE TX.
eRcrION l. The regular meetings of the stock
holders OF this company shall be held annually
commencing on the first Monday in June, A. d. 1871
at which time majority in capital shall choose
seven of their number to serve directors for the
ts Of fbs
company for the following year. or until their sue
cessOrs are appointed and until the election of di
shall constitute board of directors to manage the
affairs Of said company, any three Of whom shall
constitute quorum VIZ. Joseph Hess David
G: Hitchcock, William A. Bates, and William H.
Phelon who shall hold their Office until. after the
SEC. q A failure to elect directors at q regular
meeting Of the stockholders shall not dissolve the
company, but the directors then in Office shall
tinue to exercise their functions until new board
SEC 3. Five members of said Board of Directors
seaa form a9uST% nm to DO business and the Board
all necessary rules and laws for the government
Of the company. provided the same do not conflict
corp6fatioh and the laws of this state. The Board
Of directors may declare dividends from time to
time ne. az they n y. may deem a adyissble.
holder during his term of Office, it shall be declared
vacated, or in the event of the death, permanent
shall have the authority to iii the vacancy occs-
si0ned thereby.
sostoc1hoder .ha sSar s. held liable or respon.
sible for the contracts or faults of said company
beyond the amount Of his, her or their stock in
sal said company nor shall any mere nfor%aty in
effect OF rendering the present charter null,
or of exposing . stakeholder to any greater
liability than the amount of his, her or their stock
therein.
ARTICLE x1.
Should any subscriber refuse or neglect to pay
punctualy. his, her or their installments ~ the,
same fall due interest at the rate Of eight per cent
per annum shall be added thereto from maturity
until anal payment and il any subscriber neg!ec!s
thirty days after the specified time of payment the
Board Of Directors shsll have the right Of causing
may be DUE to be sold at auction or to forfeit said
installments As the board may deem advisable.
ARTICLE Kill
No subscription to be binding until the sum of
fifty Thousand dollars 10 subscribed, when pay
mont Of ten per cent shall be due and payable.
ARTICLE XIII.
The following named persons are stockholders in
Der ofshares placed opposite to their names, re-
spectively, to wit: Joseph G. Hess David DeHaven,
John " blank: ssn.yL Jenss:, bs4tss g Hitch
And, In conclusion, the stockholders hereinbefore
named in confirmation Of the Aforesaid stpuations,
covenants cove: and agreements, ordained and e.tab-
after sub.cribed their names RESPECTIVELY:
value Of twenty cents is hereunto attached, and
duly Cancelled. .
Thus done and passed at tho city Of New Orleans
ten, In the presence of John D. Harde and william
H sheppard, competent witnesses Of lawful age,
domctliated in this city, who hereuntO sign their
names, together with the said parties, and me,
Original signed:
]: G: Hess 10 shares; D. DeHaven, 90 shares
". H. Phelon, 10 shares; J. W. Blanks, 10 shares;
Henry l. JONES' 70 shares D. G. Hitchcock, 70 shares;
JOHN D. HARDs,
W. H. SHEPPARD.
J. BENDERNAGRL Notary Public.
STATE OF LoUIsIANA,l
Parish Of Orleans !
I, the undersigned, notary, do certify the forego-
ing to be true copy of the original act on file and
In faith whereof hereunto set my hand and
ofacial SEAL this tenth day Of March, A. D. 1871.
]. BRNDERNAGBL, Notary Public.
I, the undersigned, Recorder Of Mortgages in and
for the city and parish of Orleans, do hereby
tfy that the within charter has been this day duly
recorded In my ONCE in book society No. g. foli0s
q. DARCANrBL, Deputy.
New Orleans, March IA. 1871.
! certify the foregoing to be true copy of the
inoOr.cd upon the charter Of the National Marine
and River transportation Company, ON file and Of
record in my notartal once, - Aforesaid.
J. BKNDKRMA0RL, Notary Public
Now Orieans, March II, A. D. 1871.
WOOD---COAL.
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