New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-03-16
CORPORATIONS.
CHARTER


CHATTER. ..............CHARTER
STATE OF LOUISIANA. PARISH OF ORLEANS
CITY OF NEW ORLEANS.
Be it known that on this sixth day of March, in
the year of our Lord one thousand eight hundred
Beck. a notary public in AMI for the parish and
state afOresaid, dOmicated in said city Of New
Orleans duly anu a%a.ned and in
undersigned, personally came and appeared the
parties whose names are subscribed hereto who
seyeraly declared that availing themselves Of thu,
provisions of the laws Of the state Of Louisiana rea
tive to the organization OF corporations i'll the said
state they have covenantei and agreed, and do by
these presents covenant and agree and bind them.
selves and those whom they represent to form them
selves into and constitute corporation for
the objects and under the stpulatiOns and articles
following, to wit:
The name and style Of this corporation shall b.
'The New Orleans, Florida and Havana Steamship
the city of New Orleans, in the State of louisiana
Said corporation shall have and enjoy succession
Inv its corporate name; shall contract, and he
sued: shall have power and authority to make and
u.e a corporate seal having for device the coat.
Of.arns OF the United States and for al inscription
the name of the corporation. 1t shall hold, receive
purchase, sell and otherwise convey under its
porate name property both '.,, real and personal,
such managers directors and officers its interest
and convenience may require; it shall make and
establish such bylaws, rules and regulations for
the proper management OF its business aud affairs
as may he necessary and proper, and shall possess
generally all such powers ana privileges Is are
given by law to corporations
ARTICLE II.
The object and purpose of the company are de-
clared to be the navigation by steam vi the Gulf
of Mexico the Atlantic Ocean, and the rivers bays,
sounds aud waters adjacent tributary thereto.
between the following ports: New Orleans Lousi-
ANA; Cedar Keys Florida Key West, Florida; Ha-
vana Cuba; o. between any two or more Of them
or any other ports or places upon the of the
81, ito fIts.( sIlt of 9tnra
tributary thereto, together with the ports OF the
West Indies, and connecting with any rail or water
line lines from to such ports, by building for
their Use, equpping, fitting, purchasing, charter.
ing ma vi.atinS and owning. vessels to be propelled
sOely partially by the power or aid OF steam or
by wind or otherwise, he used in all lawful
merce and navigation between the ports aforesaid,
or bet any snch OF them as in the judgment of
the directors II this company may be expedient,
and upon the ocean and seas and for the transpOr
t,tion of passengers, freights and mails thereon,
bet v cen said ports; and to acquire and hold real
personal property for its own proper use aud
benefit.
The president of the company is hereby desis
mated as the officer Oh whom citation notices and
other legal process may be served
ARTICLE ".
The capital stock of the company is hereby fixed
at the sum Of two hundred and fifty Thousand
(S2sO OOO) dollars, divided into two Thousand five
twenty five per cent OF which shall be paid in Cash
at the time OF signing this charter, and the remain
der i'll such manner the Board of Directors shall
hereafter determine. Amy share or shares OF stock
remain due and unpaid for fifteen days after the
day fixed by the Board of Directors for the pay
OF said nstallment, together with all the par
tial payments that may have been made said
stock. shall, ipsO factO, became forfeited to said
company.
This corporation shall exist for the term of
twenty-five years, unless sOner dissolved pro-
vided for in Article TX Of this charter.
ARTICLE VI.
The powers of the corporation vested in the
President and Board Of Directors, consisting of
seven stockholders. who shall be elected annually
on the third Thursday OF the month of February;
each year. by the stockholders, at such place in
the city of New Orleans as may lie selected, after
ten days advertisement in at least two newspapers
IN tine fy OF se% ANY st ts
ten shares of the stock Of the company is owned
by him his commercial firm. All elections OF
directors shall be by ballot and held under the
superintendent of a committee of three stock
holders. 10 be appointed by the Board OF Directors
ont side of their own body. Every bona fidr owner
stock shall be eAtited only vote for every
share owned by him her or them, up to the num-
ber of two hundred and fifty shares, but shall be
owned by him, her OF them, in excess of said
amount Of two hundred and fifty shares; provided
share shares of stock that have not stood in his
her their names on the books of the company
stockholder to be entitled to vote at any election
by proxy, provided the authority be in writing.
ARTICLE VII.
The company shall commence operations when
hundred and fifty thousand (Sl50,OoU)
dollars of the capital stock thereof shall have
been subscribed No certificate Of stock shall be
issued until the same shall have been fully paid up,
and no transfer of less than share of the CAPT
tai stock threeOf shall be made On the books of
said company.
No stoc kholder shall ever be liable or responsible
for the contracts or faults of this CORPORATION in
any htr ann 10 10 n
the company on the shares owned by him:
shall any mere informality in organization have
the effect of rendering charter null, or of expos
ing stakeholder to any liability beyond the
amount of his stock.
ARTICLE IN
Three-fourths of the ockholders in capital at q
general meeting to be convened for that purpose,
after thirty days notice i'll two newspapers, shall
have the power to make any notifications, addi-
tons or changes in this act of Incorporation Or to
increase its capital to dissolve it; and for this
purpose any holder of certificates of stock TO the
value OF one hundred dollars shall be cOnsidereda
stakeholder and shall vote, prescribed in article
six; and any and all such modification, add
ton, change or dissolution shall be rendered as
required by law.
At the expiration of the term of this act of in
corporation, or at its earlier termination, as pro-
yided in the preceding article, the affairs Of the
other liabilities paid, and the balance of its funds
if any, shall be divided pro rata among the stock
holders, under the charge and superintendence Of
three commissioners to be appointed by the Board
of Directors, who shall continue to act unit the
business Of the company shall be entirely closed
and liquidated and the of the death Of
either Que or two OF them, then the survivor alone
shall act
ARTICLE XI
The Board of Directors of this company shall
elect annually at their first meeting a president
and they shall also elect such other officers clerks
or agents as shall be necessary to carry out the
business and objects OF said company for SUCH.
time as they may choose they shall fix the salases
OF all officers, and the amount of security to be
required from each. The board shall have power
to fill vacancies caused by death, designations
insolvency of any of its members, and shall accept
substitutes for any of its members at their request
who may be absent provided this power to act be
in writing.
The following named seven persons shall cOnsti-
tute the first Board Of Directors, and they and all
future boards and presidents shall hold their seats
until their successors shall have been elected and
qualified in accordance with article six.
ISAAC n. MARKS MA6IN PUG,
JULIUS VAIR1N. PAUL FOCRCHY
WILLIAM =. CLYDE, ISAAC X. ROBERTS,
JOSEPH II. OGLESBY,
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