New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-02
CORPORATIONS.
CHARTER.
CHARTER.
Il Ah<hAA 'ShA-hAt
STATE OF LOUISIANA, PARISH OF ORLEANS
CITY OF NEW ORLEANS

United States of America the ninety fifth. befor
me, John Bendernagel, notary public in and 10
the parish of Orleans State of louisiana dull
commissioned and qualified and in the presence o
the witnesses hereinafter named and undersigned
| personally came and appeared the parties herein
after named and undersigned, who declared that
ayaiing themselves of the provisions OF the statute
OF Louisiana relative to the organization of corpo
ratlons, they do by these presents form Themselves
into and constitute corporation for the followin.
speclned Objects and under the following stipula
tons to wit:
ARTICLE
The official name of the corporation shall he the
NATIONAL MARINE AND RIVER TRANSPORTA
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 of New Orleans
subject 10 removal only by a vote OF threefourths
| of the stockholders
ARTICLE III
The object of this company is TO construct OF
| otherwise to procure and maintain more
steamboats, or other vessels, to and navigate
the Mississippi river its tributaries for the pur-
pose of carrying freight mails and passengers; to
construct docks, wharves buildings and such other
| constructions as may be necessary 10 the building
and repairing OF vessels, and generally to exercise
such incidental powers and privileges are hereby
OF may De conferred them for the purposes
said.
| ARTICLE ".
| The president of the company thus formed is
| hereby constitu the officer on whom citations
may be served.
ARTICLE V.
The capital stock of this corporation is hereby
| fixed at one million dollars, represented by ten
thousand shares OF one hundred dollars each Ten
per cent OF each subscription shall be payable in
conformity with Article XII, and i is provided
that this company shall he authorized TO receive
subscriptions, IN lands other property. TO the
capital stock thereof at its cash value and that
the appra sal OF the be referred to the stand
ing committee 70 De appointed by the Board of
directors Tor such purpose; and provided, also
that the company may commence business at any
time the Board Of Directors may deem il alvisa-
bic TO DO so. The capital may be increased to an
amour not exceeding two millions OF dollars by
oie IeSehlhS t"O-tnlrds OF the capita! of one
million dollars. 1t is also provided thar 70 fur
OF the first hye hundred shares of the said com
pany subscribed for, other than the PAYMENT
provided for and required by Article XII The
remainder OF the amount of stock which
may be subscribed for, other than the
said five hundred shares. shall be paid at such
tlIRes and in such manner as may be urescf bed nv
the Board OF Directors; provided 10 more than
ten per cent OF said subscription shall be called for
at any one time, and not oftener than once in
thirty days.
ThreefourtEs of the stockholders in cauital !
shall have the power to wind up and settle all !
analrs OF the company at any time during its |
existence, OF making such notifications add
tons or changes to this act as may be required |
provided the same are just and proper on swing |
ten days previous notice in two OF the newspaper
published in THIS city.
ARTICLE VII.
The Board of Directors, at an early Cav. shall /
proceed to elect the officers of the corporation
which shall consist of q president, vice president
treasurer superintendent, secretary and such
otEtr OFT GERS they NAV deem necessary the first
two Of which shall be from their OWE nlIrber
ARTICLE VIII
me term for which this corporation is formed
SHAH De twenty-five years.
ARTICLE X.
SECTION /. The regular meetings of the stock
holders of this company shall be held annually
on the first Monday in June A. D. 1871
az which time majority in capital shall choose
seven OF their number to directors for the
ensuing year who shall form and constitute board
81 control for the management of the affairs of the
company for the following year, until their sue
,essors are appointed; and until the election of di
'ectors as aforesaid, the following named persons
shall constitute q board of directors Ia managa tba
lhaffs OF said company, any three of whom shall
Constitute a quorum, viz: Joseph C. Hess. David |
leHaven, John w. Blanks, Henry L. Jones' Dexter
> hitchcock, William A. Bates an,ia William H. |
'helon. who shall hold their office until after the |
lrst regular election. |
SEC. 2. failure to elect directors at a regular |
Meeting of the stockholders shall not dissolve the
company, but the directors then i'll Office shall cou-
e elected. 0'-N
SEC 3. Five members Of said Board of Directors ,
hall form quorum to do business, and the Board ,
Directors shall have power to make and adOnt | :
u necessary rules and bylaws for the government
The company, provided the same do not conflict
lth the true intent and meaning of this act of in
oiporatlon and the laws of this state. The Board
I Directors may declare dividends from time TO n
me, as they may deem advisable
SEC 4 II any director shall cease to he a stock T
older during his term of office it shall be declared
acated, or in the event of the death permanent
osenee or resignation of any director the board !
lall nave the authority to fill the vacancy occa
oned thereby
ARTICLEX
No stakeholder shall be held liable or respon-
DE Tor Tue contracts faults OF said comr,any T
7yond the amount of his, her or their stock in |
TIA company, noe shall any mere informality in J
ie ORGANIZATION OF said company have the A
lect OF rendering the present charter null | J
o! expos Nc stakeholder to any greater J
iblty than the amount Of his, her OF their stock ]
ARTICLE XI. n
should any subscriber refuse or neglect to paw v
inctuaily his, her or their installments as the j.
me fa due, interest at the rate of eight per cent 4
II annum shall be added thereto from maturity N
itll maj payment; and if any subscriber negects
refuses to pay his her or their installment within y
lrty days after the specified time of payment the
)ard OF Directors shall have the right of causing
y share or shares upon which any installment Z
ay be due to be sold at auction or TO forfeit said
ares, or to compel, by suit the payment of such v
stailments as the board may deem advisable. b
ARTICLE XII. y =
NO subscription to be binding until the sum Of u
y thousand dollars is subscribed, when a pay R
'nt OF ten per cent shall be due and payable. ~
ARTICLE XIII. J.
The following named persons are Stockholders in D.
a company and, as SUCH are entitled to the mum. =.
OF shares placed opposite to their names re- a
sctIVelg, to wit: Joseph C. Hess, David DeHaven Z.
IN an W: Blanks Henry L. Jones, Dexter G. Hitch, 81
TX, 7" lillam A. Bates and William H. PheIou a.
IND; IN conclusion, the stockholders herein before
ned, III confirmation of the aforesaid stpuations r.
tenants and agreements, ordained and esfab,, 3
nuoned and to that effect only, have herein Ge
ef subscribed THEN names respectively. y,
nted States internal revenue stamp to the W
ue OF twenty cents is hereunto attached and j.
" cancelled. VIM A.
hus done and passed at the city of New Orleans h
resaid, the day, month and year first above writ
!; IN the presence of John D. Harde and William &c
sheppard competent witnesses of lawful age "a
ncllated II this city, who hereuntO sign their u
mes, together with the said parties, and me, Is;
airy. ' III
rginal signed: ia
:. Hess, 20 shares; D. DeHaven so shares: Or
H. Phelon. 10 shares; J. W. Blanks 20 shares. j..
Try L. Jones. 70 shares D. G. Hitchcock 10 shares. A.
DIN D. HARDB, He
7. II. SHEPPARD. Ja'
). BESDERNAGEL, Notary Public. W
STATE OF LOUISIANA -
Parish of Orleans ! | M:
the undersigned, notary, do certify the forego Pr
70 pe true copy OF the original act on Tile and Mr.
ecord in nay office. IL
faith whereof | hereunto set nv hand and | IA
'lai seal, this tenth day of March A. D. 1871 pa,
J. BENDERNAGEL, Notary Public IL
me 20 undersigned Recorder of Mortgages in and r
N tt cry ana parish Of Orleans do hereby GER T.
,d me within charter has been this day duly Fer
2eI 5o5 ~ my once in book society No. g. folios f.
I'l <S< and 292, as required by law q !
- o., Z. DARCANTEL Deputy Saw
Nv Orleans, March "a, 1871 D
cer,1y the foregoing to be a true copv of the r.
sai celtlheate OF the Recorder of Mortgages r
p sou uPun lne eharter of the National Marine r
RIVER transportation Company on file aud ~ 7.
I'd In my notarial office as aforesaid "
j. BENDERNAGEL, Notarv pph,;c N "a
w orleans, March IT. A. ID. 1871. 81