New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-04-15

for this parish and city Of New Orlcans DO hereby
certify that The within charter has been th e Day
folio 27s, a. provided by law.
New Orleans, March'l0, 1871. mhl9 Is ap( l22l
CHARTER. ............:." CHARTER.
Stair OF LOUISIANA, PARISH OF ORLEANS,
CITY OF.NEw ORLEANS
Re it known that ON this eighth day Of March, in
the year Of our Lord one Thousand eight hundred
aud seventy one. and Of the Independence Of the
United States of America the ninety -ffth, before
the parish Of Orleans State Of Louisiana, duly
commissioned and qualified, and in the presence Of
the witn.sses hereinafter named and underlined,
after named and undersigned, who declared that,
svang themselves Of the provisions Of the statutes
rations they do by these presents form themselves
into and Constitute corporation for the following
specified objects and under the following stipular
ARTICLE
The ofacial name Of the corporation shall Be the
TON COMPANY and it shall have . corporate seal
with the name Of the company thereon
ARTICLE H.
The business and legal domice Of the company
subject to removal only BY vote Of three-fourtAs
Of the stockholders
The object Of this company 10 to construct or
otherwise to procure and maintain one or more
Steamboat or other ves.els 70 run ON and navigate
the Mississippi river or its tributaries for the pur
pose of carrying freight. mails and passengers to
construct docks, wharves, buildings and such other
Se
such incidental powers and privileges a. are hereby
or may be conferred on them fort purposes afore
said.
The president Of the company Thus formed 10
hereby constituted the officer on whom citations
'''A' - '' ARr1CLRv. ..
The capital stock of this corporation is hereby
thousand shares Of one hundred dollars each zen
per cent Of each subscription shall be payable in
conformity. with Article XII, and it IL provided
subscriptions, in lands or other property. to the
capital stock thereof at its cash value, and that
the Of the e re- t. the
Directors for such purpose; and provided, also,
that the company may commence business 1t any
BILE to do So The capital may Be increased to an
amount not exceeding two millions Of dollars by
vote rep1esentin9 two-thrds Of the capital Of one
Their payment shall Be required nom the holders
Of the first five hundred Shares of the said com.
provided for and required BY Article XII The
remainder Of the amount Of stock which
may be subscribed for, other than the
times and in such manner Is may be prescribed by
the Board Of Directors provided. no more than
ten per cent OF sid subscription shall be called for
thirty days.
Three-fourths of the stockholders in capital
shall have the power to wind up and settle all
affairs OF the company at any time during lite
tons or changes t: tEis act q. nav Be required,
provided the same are just and proper, on giving
ten days previous notice in two Of the newspapers
p"''''e>' - Article VII.
The Board Of Directors at an early day, shall
which shall consist Of president, vice president,
treasurer, superintendent, secretary and such
other officers Is they may deem necessary, the first
ARTICLE VIII.
The term for which this corporation is f0vmed
shall be twenty-five years.
ARTICLE *
eRCTIoN l. The regular meetings of the stock
holders of this company -shall 6e held annually,
commencing ON the first Monday in June, A. D. 1871.
at which time majority in capital shall choose
Of their number to serve as direct0rsfor the
ensuing year, who shall form and constitute board
Of control for the management of the affairs Of the
70. the until their sq
rect0rs as aforesaid, the following named persons
shall constitute board of directors to manage the
constitute q quorum, viz: Joseph C. Hess, David
DeHaven, John w. Blanks, Henry L. Jones, Dexter
g: Hitchcock, William A. Bates, and William h.
Phel0n, who shall hold their Office until after the
first regular election.
SEC. Z A failure to elect directors at regular
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 3. Five members of said Board of Director
shall form quorum to do business, and the Board
Of Directors shall have power to make and adopt
al Necessary rules and % for tie
with the true intent and meaning Of this act Of In
corporation and the laws Of this State The Board
of Directors may declare dividends from time to
time, as they may deem advisable.
SEC. =; If any director shall cease to be stock;
holder during his term Of once it shall be declared
voo tod N, fho nff ho 6onfh nov1t
ABSENCE or resignation Of any director the board
shall have the authority to Till the vacancy
s'oned thereby .Rr,c1Rx
No stakeholder shall ever be held liable or respon.
sible for the contrscts Or faults Of said company
beyond the amount Of his, her or their stock in
said company. NOR shall any mere .informality in
the organization Of said company haye the
OF sre ts to anT
liability than the amount Of his, her or their stock
therein.
Should any subscriber refuse or neglect to pay
Ss
until final payment; and. any subscriber neglects
refuses to pay his her OF their nstallment within
Board Of Directors shall have the right Of causing
any share OF shares upon which any installment
may be due. to be sold ct auction, to forfeit said
shares, or to compel by suit the payment of such
instalments as the board may deem advisable.
ARTICLE Kill
No subscription to be binding until the sum Of
fifty Thousand dollars is subscribed, when pay.
ment Of ten per cent shall he due and payable.
ARTICLE XIII.
The following named persons are stockholders in
said company and such, are entitled to the mum.
Der OF shares placed opposite to their names, re-
spectivey, to wit: Joseph c. Hess David DeHaven,
John W. Blanks, Henry L. Jones, Dexter g. Hitch.
cock, William A. Bates and William H. Phelon.
And, in conclusion, the stockholders hereinbefore
named in confirmation of the aforesaid stpulations,
covenants and agreements ordained and estab-:
lished by the present act for the purposes above
mentioned, and to that effect only, have herein.
after subscribed their names respectively.
United States internal revenue stamp to the
value of twenty cents is hereunto attached, and
duly Cancelled.
Thus done and passed at the city Of New Orleans
aforesaid the day, month and year first above writ
ten, in the.presence of John D. Harde and William
H. Sheppard, competent witnesses of lawful age,
domiciliated in this city, who hereunto sgn their
names, together with the said parties and me,
notary.
Original signed:
J. G. Hess, 70 shares; D. DeHaven, 30 shares
W. H. Phelon. 70 shares; J. W. Blanks, 70 shares
Henry L. Jones' 10 shares D. g. Hitchcock 70 shares
W. A. Bates, 70 shares.
JOHN D. HARDE,
w. H. SHEPPARD.
j. BENDERNAGEL, Notary Public.