New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-03-14
CORPORATIONS.
CHARTER
STATE OF LOUISIANA. PARISH OF ORLEANS
CITY OE NEW ORLEANS


CITY OE NEW ORLEANS.
Be it known that on this sixth day of March. in
the of Lord thousand eight hundred
and scv-rty-one. before Ine, Thomas Jefferson
Beck, notary public i'll AMI for the parish and
State aforesaid, domirillatri III said city OF New
Ortraus duly COMM ssioreI ant. u..atrd aud il,
presence OF tie witnesses hereinafter named and
Undersigned. personally came and appeared the
parties who's nainrs are subscribed hereto, who
seyeralN declared that awaiting themselves of the
provisions OF the laws OF the State OF Louisiana rea
tive 10 the organization OF corporations in the id
State, they have covenante'i and agreed and do by
rhest presents covenant au agree and bind them
selves and those whom they represent to form them
selves INTO ami constitute corporation ton
the objects and under he stpuations and articles
following to wit:
The lame and style OF this corporal on shall ~.
"1r New Orl-a,i,, Florida and Havana Steamship
Company" The place chosen Tor its donlicile is
the ely OF New Orleans. II the State OF Louisiana.
said coI operation shall nave and enjoy succession
Jv its corporate isamc shall contract sIe and be
s:csi; shat have power and authority to make and
Use corporate seal having Tor DEVICE the coat
CHARMS of the United States, and for an inscription
tie iiH.ne ct the corporation 1t shall hold receive,
purchase, Sci. and otherwise convey under its COR
porate name property both real and personal,
movable and iiIimOvabe: shall name and appoint
sutl managers, directors and officer, its interest
ami convenience may require; it shall make AMI
establish such bylaws, rules and reguiatin ions tor
tire proper management OF ITS business and affairs
as may be necessary md proper, and shall lOsse
generally all such powers and privileges as are
sven ~ law to corporations.
The object and purpose OF the company are de-
clared to be the navigation by steam of the Gulf
OF Mexico, the Atlantic Ocean, and the rivers, bays
sounds and waters adjacent or tributary thereto
between the following ports: New Orleans, LOuisi-
ana; Cedar Keys, Florida; Key West, Florida; Ha
vaua. Cuba: or between any two or more of them
or any other ports places upon the of the
Atlantic Ocean. the Gulf of Me xicO. or the waters
tributary thereto, together with the ports OF the
West Indies, and connecting with any rail or water
line or lines from to such ports by building fOr
their Use, luipping, fitting, purchasing, charter
ing navigating and owning, vessels to be propelled
solely partially b. the power aid OF steam,
by wind Or otherwise, 20 be used i'll all lawful
merce and navigation between the ports aforesaid
or bet any such OF them as i'll the Judgment OF
the directors Of this com pany may be eXpodient.
and upon the ocean and seas and for the transpor-
tation OF Passengers, fre!ghts and mails thereon
between said ports; and 10 acquire anu hold zeal
or personal property for its own proper use aud
benefit.
ARTICLE III,
The president OF the company is hereby desg
mated AS the officer on whom citation notices and
otaer legal process may be served.
ARTICLE ".
The capital stock Of the company is Hereby liked
az The sum of two hundred and fifty thOusa nd
{425n001j dollars. divided into two thousand FIVE
hundred shares ot hundred Is 1907 dollars each,
twenty-five per cent of which shall be paid i'll cash
al the time Of signing this charter, and the
der II such manner the Board of Directors shall
Hereafter determine. Any share or shares OF STOCK
of SAID co,npa!iT witch any inotallment sl4li!
iemain due and H:lpald toy fifteen days after t,r
day liked bv the Board 0i Director, for the pay
tnt OF sad IESta emf. together with all the
tial payment, that NAY have been made on said
stock. shall ipso tacto, became forfeited to said
CJMpahN.
ARTICLE V.
Til. corporation sha.. exist for the term OF
twenty-five years, unless soner dissolved pro
vited TO. Article TX of this charter.
ARTICLE VI.
TIN power, of the corporation vested in Ire
Pre- ,i,iehi and Board of Directors. consisting OF
seven stockholders who shall he elected annually
ol. the third Thursday of the month of February;
each year. by the stockholders, at such place III
the cit of New orleans may be selected aft er
zen DAYS advertisement mat least two newspa pers
>biished III tie city OF New Orleans. ANY stock.
Eo!ie, shall he eli riblc as a director provided tina,
ter shares Of the stock of tie company is owned
by him his commercial rirm. All elect o;
directors shall be by ballot, and held under the
super;ntendence OF q committee OF three stock
holders 10 be- appointed by the Board of Directors
outside OF their own body. Every bona file owner
OF stock shall be ea'itled tooniy one vote for ever
share owned by him, her OF them, up to the num-
Der of two hundred and nifty shares, but shall be
entitled 20 only one vote tor every three shares
owned by him, her them. in excess of said
amount of two hundred and fifty shares: provided
that no person shall he entitled to vote any
share shares OF stock that have not stood in his
her o. their names on the books of the company
for sixty days prior to any such election. Every
stakeholder to be entitled TO vote'at anv election,
by proxy, provided the authority be in writing.
ARTICLE VII.
Tie COMPANY shall commence operations when
ever one hundred and nifty thousand Is 80 OOOl
doll;trs of the capital stock thereof shall have
been subscribed. No certificate OF stock shall he
issued until the same shall have been fully paid up,
and transfer OF less than one share of the CAPT
tai stock tliceot shall he made on the books Of
said company.
ARTICLE VIII.
No stakeholder shall ever be liable or responsible
for the contracts faults of this corporation IN
any further sum than the unpaid balance due to
the company the shares owned by him:
snail any mere informality IN Organization have
the effect OF rendering charter null, or of e1pOs-
Ing a stakeholder to any liability beyond the
aI,o1uf Of his stock
'' ARTICLE TX
Three-tourths of the stockholders in capital. at
general meeting to be convened tor that purpose,
after thirty days notice in two newspapers. shall
have the power to make any notifications, addi-
tons changes in this act of Incorporation, or to
increase its capital or to dissolve if; and for this
purpose any holder of certificates Of stock to the
Ialue of one hundred dollars shall BE- considered
stakeholder, and shall vote, as prescribed in article
six and any and all such modification, a.ldi-
ton. change or dissolution shall be rendered rs
required ny law.
At the expiration of the term of this act of in
CORPORA ion or at its earlier termination, as pro
vidti III the preceding article. the affairs of the
company shall be liquidated. its debts and all
liabilities paid. and the balance OF its funds,
il any. shall he divided pro rata among the stock
holders, under the charge and superintendent Of
OF Directors. who shall continue to act until the
business OF the company shall be entirely closed
and iiqliida ted: and IN the case OF the death Of
either one or two of them. then the survivor alone
shall act.
ARTICLE Nj
The Board of Directors OF this company shall
elect annually at their first meeting 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 they choose: they shall fl X the salaries
OF all officers, and the amount of security to be
required from each. The board shall have power
TO iii vacancies caused by death, designations or
insolvency of any of its members, and shah accept
sub. itues for any OF its members ut their request
who may he absent, provided this power to act be
il writing.
The following named seven persons shall consti
tute the first Board OF Directors and they ard all
future board, and presidents shall hold their seats
until their shall have been elected and
qualified in ace ordnance with article six.