New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-04-27
CORPORATIONS.
GHARTER....... CHARTER.
STATE OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.

| CITY OF NEW ORLEANS. s
Be Il known, that on this eighth day Of March, in
| the year Of our Lord one Thousand eight hundred
United States Of America the ai6ety .iffh, before
me. sonn ,bendesnage!, notary public in and for
comnissoned and ousissd and in ts n,ssrcs y
the witnesses hereinafter named and undersigned,
personally came and appeared the parties herein.
avaliug themselves Of the provisions Of the statutes
u Louisiana relative to the organization of corpo-
5a s n they 90 Sy these presents form
specified objects xnd under the following stipuiar
tiona, to witt
The Official name Of the corporation shall be the
TON COMPANY, and it shall have a corporate seal
with the name Of the company thereon.
ARTICLE II.
or corporation shall be in the city of New Orleans
subject to ssmSyal emily by vote Of threefourths
:" 'ne ''0'An0"si ARTICLE III.
Tho object Of this company 10 to construct OF
otherwise to procure and maintain one or more
steamhpate or other vessels, to and navigate
the Asassppi river or its tributaries, for the pur
pose OF carrying freight, mails and passengers to
construct docks, wharves buildings and such other
and repairing Of vessels, and generally to exercise
such incidental powers and privileges are hereby
or may he conferred on them the purposes afore
ARTICLE ".
The president Of the company thus formed is
hereby constituted the officer on whom citations
' ARTICLE es3',
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 is provided
that this company shall be authorized to receive
capital stock thereof at its cash value and that
the appraisal Of the same be referred to the stand
ing committee to be appointed by the Board Of
directors for such purpose; and provided, also,
that the company may commence business at any
time the Board of Directors may deem it advisa-
bic to do 50. The capital may be increased to an
amour. not exceeding two millions of dollars by
vote representing two-thirds Of the capital Of one
f aon dUl.nt, II is also provided that no fur.
Of the first five hundred shares Of the said com
pany subscribed for, other than the payment
remainder of. the amount Of stock which
may be. subscribed for, other than the
t ta,a nve hundred - shares shall be paid at such
the Board of Directors; provided. no more than
ten per cent OF said subscription shall be called
~ any one time, and not oftener than once in
IL ARTICLE VI
Threefourths Of the stock holders in capital
affairs Of the Company at any t no dur a its its
existence, or. Of making such notifications, add
tions or changes to this act as may be required,
provided the same are just and proper. on giving
ten days previous notice in two Of the newspapers
published in this city.
ARTICLE VII
The Board of Directors at an early day shall
proceed to elect the officers Of the corporation
when ehAu consist OF president, vice president
treas dfesasursr superintendent secretary and such
TWO OF which shall be from their own number.
ARTICLE VIII
The term for which this corporation is formed |
shall be twenty five years.
ARTICLE TX.
SRCTlOH 1 The rpCnlar yneafiu0u of thu
holders of this company shall 10 held annually |
commencing on the first Monday in June A. D. 1871
seven of their number as directors for the
ensuing year, who shall form and constitute board
Of control for the Of the affairs of the
company for the following year, until their sue.
cessOrs are appointed; and until the election of d.
rectors "a Aforesaid, the following named persons
shall constitute board Of directors to manage the
affairs of said company, any three Of whom shall
quorum, viz: Joseph C. Hess, David
G. Hitchcock, william A. Bates and William II.
Pheion, who shall hold their Office until after the
6rst regular election.
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 g., Five members of said Board of Directors
shall form quorum to do business, and the Board
III necessary rules and byisas for the eovernmept
If the company, provided the same do not conflict
corporation and the laws of this State. The Board
y directors may declare dividends from time to
ine, a. they may deem advisable. y
SEC. .. II any director shall cease to be q stock. l.
holder during his term Of Office, it shall be declared
'acated, or in the event Of the death, permanent
hall have the authority to iii the vacancy occs-
Toned thereby.
ARTICLE K.
No stakeholder shall ever be held liable Or respon.
lble for the contracts or faults Of said company
eyOnd the amount of his, her or their stock in |
aid company, nor shall any mere informality in
feet Of rendering the present charter null
81 exposing stakeholder to any greater |
ability than the amount Of his her or their stock
ARTICLE xL.
Should any subscriber refuse or neglect to nav |
his, her or their nstallments, az the |
er annum shall be added thereto from maturity
ntt final payment; and. il any subscriber neglects
o
oard Of Directors shaM have the right of causing
ny share or shares upon which amy installment
lay be due. to be eed at suction to forfeit said
hares or to compel, by suit, the payment Of such
'stallments as the board may deem advisable
ARTICLE XII
No subscription to be binding until the sum Of | .
fly Thousand dollars is SUBSCRIBED, when : pay.
tent Of ten per cent shall be due and payable
ARTICLE XIII. EsfY
The following named persons are stockholders in |
ND company, and as such, are entitled to the num-
,ectixely. to Wit: Joseph C. Hess, David DeHaven,
'hn w: Blanks, Henry l. Jones, Dexter G. Hitch.
'ck William A. Bates and William H. Phelon
And, in conclusion, the stockholders hereinbefore ,
Amed In confirmation of the aforesaid stpuations
'yenants and agreements, ordained and estab- | i
shed by the present act for the purposes above Z
sntioned, and to that effect only, have herein i
ter subscribed their names respectively.
United States internal revenue stamp to the | ,
llue Of twenty cents is hereunto attached, and !
Thus done and passed at the city Of New Orleans
Oresaid, the day, month and year first above writ.
n, tn the presence Of John D. Harde and William i
n who Of se
mes, together with the said parties, and me,
Original signed:
c. Hess, 20 shares; D. DeHayen, 30 shares; !
:. H. Phelon, 20 shares; J. W. Blanks, 70 shares | 4
enry I. Jones' 10 shareR D. G. Hitchcock 20 shares;
VA Bates, 70 shares. i
W. II. SABPPARp. sss In
J. BENDERNAGEL, Notary Public. I
STATE OF LoursIASA,l
Parrish Of Orleans.
1 the undersigned, notary, do certify the forego-
to be true copy Of tn. original act on file and
g isith thereof r / hereunto set my hand and Z
'''a is ssasa AZ z a1Ee sot.Ig r ISL
!, TIE undersgnel, Recorder Of Mortgages in and
4 10 ~ and parish o. Orleans do hereby GER
Ssi ao e ny Sfnce In book society No fSdcs
Eew Orleans, March Il III ~ pePusy
eartt9y the lsreseng e b : tue espy Il nd 4
Si1S ~ - ~ e 1eesrdes q 1srtgssee
4 II r.! cir 80 d a
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