New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-03-23
CHARTER
4 tHAkTEK
STATE OF LOUISIANA. PARISH OF ORLEANS,
CITY OF NEW ORLEANS.

QUARTER ......................C CHARTER
STATE OF LOUISIANA. PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
Be il known that on this sixth day of March, in
the year of our Lord one thousand eight hundred
and seventy one. before me, Thomas Jefferson
Beck notary public i'll ami for the parish ana
state aforesaid domiciliated in said city OF New
Orleans, duly commits siOncd and qualified, and III
presence of the witnesses hereinafter named and
Undersigned personally came and appeared the
nurtes whose names are subscribed hereto who
severallv declared that awaiting themselves OF the
provisions of the laws OF the state "f Louisiana re
tive the organization OF corporations III the sitid
State, they have cOvtnanted and agreed ami 30 oy
these presents covenant and agree and bind them
selves and those whom the represent, form Item
selves into and constitute - corporation inr
the objects and under the stipulations and articles
following, 10 wit:
ARTICLE I.
The name and STYLE of this corporation shall be
''Tl, New Orleans, Florida and Havana Steamship
COMPANY" The place chosen tor its domcllc Is
the city of N-w Orleans, i'll the STATE OF Louisiana.
said corporation shall have and enjoy succession
by its corporate name; shall contract. sue and be
sued; sha' 4 have power and authority to make ana
use corporate seal haVi tor device the coat
,,f-arms of the United States and for inscription
the name of the corporation. 1t shall hold, receive
purchase, sell and otherwise convey under its cor
Iorlte name property both real anu personal
now; Bile and nimOyahe: shall name and appoint
such managers, directors and officers as its interest
and convenience may require; it shall make ana
establish such bylaws, rules and regulations LOT
the. proper mana cement of its business and affairs
: may be necessary and proper and shall possess
generally all such powers anu privileges Us arc
given by law to corporations
ARTICLE II.
The object and purpose of the company are de,
carcd to be- the navi CATION by steam OF the Gulf
OF Ne xco the Atlantic Ocean and the rivers bays,
sounds and waters adjacent or tributary thereto.
between the following ports: New Orleans LOUIS
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 coast Oh .ns
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 vi1ating, and owning, vessels to be propelled
solely or partially by the power aid of steam,
by wind or otherwise to be used in all lawful com
merce and nav CATION between the ports aforesaid
bet any such of them as in the Judgment OF
the directors of this company may be expedlent,
and upon the ocean and seas and for the transpOr
tatiOn of passengers. treights and mails thereon,
bet tween said ports and to acquire and hold real
or personal property tor its own proper use ana
benefit
The president OF the company is hereby dess
mated As the officer 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 nifty thousand
$3.50 5000 dollars, divided into two Thousand hve
hundred share, of one hundred 1907 dollars each.
twenty five per cent OF which shall be- paid in cash
AT the time OF signing this charter, and the remain
der in such manner the Board of Directors shall
|
| of said company on which any installment shall
| remain due and unpaid for fifteen days after the
day Xcd by the Board OF Directors tor the pay
m,nt of said in,t;llment together with all the par
| tial pa yIncnts that may have been made on SAID
| stock, shall ipso f;,cto, became forfeited to SAID
| company.
Til, corporation shall exist for the term of
| tvrury.ryr years. unles, soner dissolved pro
vi,lcd tor in article IN OF this charter.
ARTICLE VI.
| The powers of the corporation are vested in the
| President and Board of Directors, consisting of
! seven Stockholders. who shall he elected annually
on the thir, Thursday of the month of February
n each year by the stockholders, at such place in
tn. city OF New orleans as may he selected, attfr
ten ,ia vs. advertisement in at least two newslap<
| publislird in the city OF New Orleans. ANY stock
holder shall i" eligible as director. provided tina,
| ten shares of the stock of the company is owned
b. him or hi, commercial firm All elections Of
| directors shall he by ballot, and held under the
| s,lprr;ntpndcnct OF Il committee of three stock
holders to b, appointed by the Board of Directors
outsi,l, of their own hody. Every bona tide owner
of stock shall be c,itlrd to only for every
share owned by him, her or them, up to the mum
Der of two hundred and fifty shares, but shall be
| entitled to only vote for every three shares
owned bv him. her them i'll excess OF said
amount of two hundred and nifty shares; provided
that no pei sou shall be entitled to vote on any
share or shares OF stock that have not stood IN his,
her their names on the books of the company
for sixty DAYS prior 10 any such election. Every
tockholdtr 10 h entitled to vote at anS election,
! by ploAy. pro- idcd the authority be III writing.
ARItLE ' H.
The con,s,uy shall commence operations when
| ever ON, hundred and fifty Thousand Is $50 00o)
dollars ut the capital stock thereof shall haze
been subscribed. No certificate of stock shall he
issued until the shall have been fully paid up,
| and transfer of less than one share OF the cap!
tai stock threcot shall he made on tie books OF
| SAID company. -
for the contracts faults OF this corporation Ill
auv further sum than the unpaid balance due to
the company on inc shares owned ny nm; nol
shall any mere int"rnaity III organization have
the effect OF rendering charter null, or OF expos
in. stakeholder to any liability beyond the
amount OF his stock.
ARTICLE TX.
7l,ec-tmrth, of the Stockholders in capital, at a
| general meeting to he convened for that purpose
| after thirty days motto" i'll two newspapers, shall
have the power 10 make any notifications, adtii
ions change, in this act of Incorporation, or I,
increase its capital, or to dissolve IL and for tim
pm, posi- any holder of certificates OF stock 10 thu
v:Ilu, of hundred dollars shall be considered
stakeholder. and shall! vote as prescribed IN artIc
| ,ix: and any and all such modification, add
ton change or dissolution shall be rendered "a
ARTICLE Y
! At tine expiration of the tenn nf thu, act of in
c"I.I,"ration at its earlier termination as pro
vid in the preceding article the affairs OF tn
company shall br lIIulaten, lis debts ana al
other liabilities paio and the balance OF ITS funds
II shall be divided pro rata among the stock
holdels under the clI;tI ., and superintendent q
three commits Sio,Icrs to he appointed by the Boar
Of Directors WHO shall continue t" act unit tn
business OF tn, company shall be entirely close
| and Inundated: ana III the ease OF the death q
either one OF two OF them, then the survivor alon
shall act.
+ ARTICLE n.
I The Board of Directors OF this company sha
I, elect annually at their first meeting prcsdcn
n and thry shah elect such other officers. clerk
il | or AGENT, II, shall he necessary to carry out til
l. | iu,i,,.,, and objects OF said COMPANY Toy sue
ti,n. as they may choose they shall ii the salari.
/. OF All officers and the amount OF security to |
y rruuirrd from each. The board shall have powt
tn III vacancies caused by death. designations
ii insolvency any OF its mt mbers. ami shall eel
l. ,u.tjt Ton any %; lis me mixers at their
Il Who may bt absent. provided this power to act
II in writing.
If The following named seven persons shall const
- tut, the rr> Board ct Directors. and they and a
e. future tualts and presidents shall hold their
- until their successors shall have been elected an
: qualified III accordance with article six.
l. ISAAC n. MARKS, NAGIN PI'lG,
Il il LltS NAiRlN. PAUL FDUR HY.
V WILLIAM f. CLYDE ISAAC X. ROBERT
JOSEPH II. OGLESBY
ARTICLE Nj.
It The principal object OF this company bciug Il