New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-04-11

thu vsar q cpr Lord one thouoaed ee4st - -
"A :, IS; sSst e IL the fss
me- John Bsndelnagel, notary Pqnnc - 4naa 81, ~
- sesiah .0Fls6ne. stafa :. ~ S.,,cs n
commissioned snd Gnanns1 r;.sed "a ussssned,
nerscnsily came and appeared the psrses 9eT Se
sfter named and undersgned, VINO ecc s*tsses s;
~ Ioi1is,sna relative to the organisatien q cosro
rations, they do by these presents ~ Na,,o@;rs
into and constitute corporation GT rs st;,,i
specified objects and under sne l''''" - '''f-'-
The Ssa n p1Ss e abs IL sHsk
TON COMPANY, and it shall have corporate sea-
with the name Of the company thereon
ARTICLE II.
The business and legal domicile Of the company
or corporation shall be in the city q New OTsa1o
subject to removal only by vote Of three-fourtns
Of the stockholders
The object Of this compsny 10 Ia construct o.
otherwise to procure and maintain one 0E moto
or other vessels. to on and navigate
fhe Mississippi river or ts tributaries for the pu
nose of CARRYING freight mails and pa.een&efE 20
construct docks wharyes oang - ~ ~. rid;nc
sch Incidental powers and privileges ~ are hereby
or may be conferred ON them for the purposes soi
said. .,r,crpyv
The president of the company thns formed IL
hereby constituted the ohicer on wnom e''at'ons
may be served ARTICLE
The capital stock of this corporation is hereby
fixed ct one million d0llsrs, represented ~ Yen
thousand shares Of one nnndreI aEA -, v.i,1s in
conformity with Article XII, and It - PROVIDED
that this company shall be authorized to receive
t II at Gr s cash Value and that
the appra sal Of the be referred to the stand
ing committee to he appointed ~ the DostG u
that the company may commence business at any
time the Board Of Directors may deem II savisar
bic to do So The capital may Ds incrsSssa - IN
million dollars It il also provided that NO fur
Of ths Srst ve hundred shares Of the said com
provided prov for and required by Article xlI The
r mav Be 81 for, other thai the
said Ave hundred shares, shall be paid . SUCH
times and in such manner 10 may BE prescribed y
ten per cent Of said subscription shall be called for
at any one time, and not oftener than once IN
thirty eayA ARTICLE VI.
Three-fourths Of the stockholders in capital
shall have the power to wind up aud settle ~
affairs of the company ut any time during its
tions OF changes to this act ~ may be required,
provided the same are just and proper, on elvlng
ten days previous notice in two Of the newspapers
published in this city.
ARTICLE VII.
The Board Of Directors ut an early day, shall
proceed to elect the officers Of the corpOret10n
which shall consist Of president, vice president
other oticers IS they may deem necessary the first
two Of which shall be from their own number.
ARTICLE VIII
Tho term for which this corporation u formed
shau I've twenty-five yearA . 5e lefs ss III
ARTICLE TX.
SECTION l. The regular meetings Of the stock
hodsrs Of TIM, ,s e
at which time majority in capital shall choose
seven Of their number to directors for the
Of control for the management Of tho affairs Of the
company for the following year. or until their sue
cessOrs are appointed and until the election Of di.
shal constitute board of directors 70 manage the
affairs Of said company, any three Of whom shall
SSasse jsn "a BIsnks Hsn4y Jones' Dexter
g. Hitchcock, William A. Bates, and william g..
Phelon. who shah hold their once until after the
Ssc 8 a failure. to elect directors ct . regular
meeting Of the stockholders shAli not dissolve the
company, but the directors then in office shall CON
tinue to exercise their functions until new board
SEC 3 five members of said Board of Directors
%
Of the company. provided the same DO not conflict
corporation aud the laws Of this state The Beard
of directors may declare dividends from time to
time, rs they may deem advissble.
holder during his term Of Once. It shal be declared
vacated or in the event of the death. permanent
absence or resignation Of shy director the board
" ARTICLE K.
No stockhoder shall ever be held liable or respon-
sible for the contracts or faults Of said company
said company NOR shall any mere infornality in
the organization of said company have the
effect Of rendering the present charter null
liability than the amount of his her or their stock
therein. ~ 49, 5i-s.s.tt
should any subscriber refuse or neglect to pay
M i se e. :. ss
per annum shall be added thereto FROM maturity
until final payment; and. II any subscriber neglecta
thirty days after the specified time Of payment the
Board Of Directors shall have the right Of causing
any share or shares upon which any installmeni
may be DUE to be sed Ut auction, or to forfeit said
instalIments as the board may deem advisable.
ARTICLE XII.
No subscription to be binding until the sum o.
fifty thousand dollars il subscribed, when . pay
ment of ten percent shall be due aud payable.
ARTICLE XIII
The following named persons are stockholders In
said company and, assuch, Are entitled to the mum
Der Of shares placed opposite to their names. re
ws% ssses and i'f shson
named. in confirmation Of the Aforesaid stipulatons
covenants and agreements, ordained and eetab
lished by the present act for the purposes above
after subscribed their names respectively.
United States internal revenue stamp to the
value Of twenty cents is hereunto attached, and
Thus done and passed at the city Of New Orleans
aforesaid, the day, month and year first above writ
ten in the Of John assd e. and william
domiciliated in this city, who hereunto Sign theil
names, together with the said parties, and me
Original signed:
J. c. Hess 70 shares; D. DeHaven, 80 shares;
y. H. Phelon. 20 shares; J. Blanks, 70 shares;
Henry L. Jones' 70 shares D. G. Hitchcock, 20 shares
WA. Bates, 70 shares
JOHN D. HARDE,
j. BENDERNAGEL, Notary Public.
tt@ STATE o. LOUISIANA,
Parish Of Orleans.
I, the undersigned, notary, do certify the forego
ing to he true copy OF the original act ON file ana
Of record in my Office
In faith whereof ! hereunto set my hand ana
Official seal, this tenth day of March, A. d. 1871.
l.N. J. BENDEkNAGEL, Notary Public.
I, the undersigned Recorder Of Mortgages in ani
tfy that the within charter has been this day dul
recorded in my Office in book society No. 8, folio
800 2si, 2e2 and 1888, as required by law
c. DARCANTBL, Deputy.
New Orleans March H. 1871.
certify the foregoing to be true copy of tn
original certificate of the Recorder of Mortgages
indorsed upon the charter of the National Marin
and River Transportation Company, on file and Q
record in my n0tarial Office ~ afOresaid. ~.
J. BENDRRNAGRL Notary Public
New Orleans, March II, A. D. 1871.
H ape II 10 g mys
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