New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-12-28
CORPORATIONS,


| S44A = or LOIloLAea+
PARISH OF ORLEANS, CITY OF NEW ORLEANS.
| Be it known that, on this twenty.fourth day Of
| the mouth If December in the year OF chr Lord
| one thousand eight hundred and sevepty-twO, and
OF the Independence of the United States Of amer
ira the n,nety.seventh, before me, Armand Pilot,
| Jr., a notary public duly commissioned and sworn
| in and for the parish and city aforesaid therein
residing, and in the presence OF the witnesses here
| matter named and undersigned, personally came
| and appeared the persons whose names herein
| after subscribed, who declared that they agreed
and cOVen8nted, and do, by these presents, agree
| and covenant to FORM themselves into corpora
| tton for the object. and purposes, and under the
stpuations. regulations and Obligations following,
| 20 VII:
The name of the company shall to the New Or
leans and Grand Ecola Packet COMPANY" and itE
domiclIe is hereby established III the city OF New
Orleans, and it shall exist aud continue for the
pre-. "rts, unless sooner dissolved. The company
shall have seal, having for inscription the name
Of the company.
The operations Of said company shall be the pur-
CHASE or building, or charteriH& OF one or more
steamboats, and the carrying OF freight or passep-
gers or 10th on said boats. up and down the Mis-
Blasipp river and Bed river and tributaries.
ARTICLE III.
The capital stock of said company is hereby
tixei at the sum of one hundred Thousand dollars
divided into Shares of one hundred dollars EACH
TO be paid for as follows TO witt thirty per cent
balance III nstallments of ten per cent upon the
call OF the Board Of Directors the necessities of
the company may require it. This company shall
go into operation as soon as the sum OF forty
thousand dollars is subscribed for.
ARTICLE ".
The fairs of the said company shall be under
the direction of Board Of Control, composed of
uve stockholders possessing in their own uame, or
tina, OF the firm OF which they partners. not
!eBs thHB tive shares Of the stock Of the company.
ARTICLE V.
SEcrqov l. The regular meeting of the stock.
holders shall be held annually on the thild Monday
OF October at which meeting q ma, GRITTY in capital
stock, represented at the meeting shall choose
I'VE OF the members TO serve as directors for the
ensuing year. at such election each share OF stock
shall be eHt tied to one vote, and the directors
elect shall within i've days after their election,
members president The bpaId thus
ganized shall have power tn appoint all officers
or agents and Tx their respective compensations.
l he board shall also appoint secretary, whose
duty Independent OF others that might be ascribed
TO him shall be to attend the meetings OF the
board, and keep correct record Of their proceed
lu%s.
She ? a failure to elect directors, as aforesaid,
shall IL dissolve the corporation. nut the board in
Office shall continue to exercise the functions until
a new board eau be elected.
SEC ;. Three N mbers of said Board Of Control
shall constitute quorum for the transaction of
business, and the said board is hereby invested
with full power 60 frame and adopt such bylaws
3nise and regulations as they may deem Teqdisit6
and cessaTy tof the company and the $ransac.
tOns ct its affairs, provided the same shall noe
conflict with the true intent aud meaning pf this
ACT Of incorporation the laws Of this State,
Yhey are htreb authorized to buy ssli and charter
steamboats,, fuel tor the OF the company to
make contracts, leases 9IOTtgages, LypOtheca-
tons and compromises: so borrow money, and to
6U5l6 or cause TO be buiIS, enc OK steamboats,
foT said company
SEC The Board of Sontre9 shall make divi-
dends Otter as they think desirable and proper.
SCI. 5. II any member of said Beard OF Control
eh0uid cease 20 be stoGkbcIdCG during his term
OF h- s-tCe shall tltBebV faCtG be-
Gene vacant. And in the event Of Shs DEATH PET
nanent absence, or resignation, II vacancy from
@hateFe0 "austt OF any member Of said Board of
Control, the board shall have ppwes 10 ill vacan-
cies occasoneG thereby antIl the first regular
meeting thereafter OF the stockholders OF the said
company FOR the aiecSion Ss St!ceGs 81 AIS com
panY.
SEES, fhs noarG Of Control shall rnscs monthly
Tor the transaction OF business and the president
NAV call ;heIn together any rims W givang
tweuty. four hours notice in writing.
SEC. :. Nc two partners whose subscriptions are
III she name or their commercial firm shah be eli
gihte %S C-S cam" time as nleSuHsSs 81 She said
ARTICLE w.
srcqros p 2cshau be ths duty of Sic yrusf8eu
~ sad company TO keep, OF eauss 80 be kept, III
bound books in the nane % tie company, a cor
rest record of all tS proceedings transactions, ac
counts. property, business aud atIrs well as
ial ano complete detailed accounts 81 the receipts
and disbursements thereof He shall, moreover
act as Vie treasurer OF the company, and keep
caHh account III Que or the banks IL New Orleans,
ubecJ 20 th0 approVa OF the Board o. Control IN
'ha name and tor account of the company, and 20
ls alone authorized SnG empowered 50 d. =
'I@"ks and transact oil banking business tbers f.
h- pr. sIrnt Of the company 81 t!e e.Gpes 9eSs0e
yG . sUGG cISotoH shall be sssye1o
&RT2CLE VIS.
"Sis' gle T%Y.Ol arrives SreHl 9snS ssrOa 10Y eh
winding up Of the o. THE company th-ps !
khodeEs shall be 0eecsed by majority of the
s@t h"d"Is aI general Rleetiug, Rh05e duty it |
sha! Ge to convert all the assets Ut She corpora
lion into cash. 3n4 Hftes the payment o. che liabl-
fIes 0' She Company dis9urss tie surplus Sunds !
AMONG tAe Stockholders "a SsepoStisn ~ St!eig Ie-
.p"ciS.e shareso 1
ARTICLE VIII
81 ,torHhv.d"r shall .eT be he3 liaS}" or vesacr
s a,s zoe Tie contracts '0r :2Ul:s 0. tire yauy
ss.'hG IT, aScunF ot lis s'2e1 !" sat4 company.
ARTICLE Eso
For s'e paQg0se a. starting and p''tsns the CON
1ans into operation. the following named stock.
'oldess, 10 Wit: John !. Mitchell, $50 Michel Die
rich Fac, Horace p. Shropshire, Esq.. John 4.
: iiiaGHs Esq. and George II. Tucker are eUnsti.
uted temporary Board OF Control, whose tenn Of |
'tce shall eApi1" as aeon 81 taeiS successors gre
'sc6e& Outs h.OvS ualihsd
ARTICLE 2.
The 9slnas and respective interest % the er% |
eribcT7 20 this act and III. auOuD: Of ;he;T II.
pectiFs shares aTe 6ereby declared 60 De az SoI-
0wH
81 Svs,orsa, J