New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-01-09
CORPORATIONS,
A NhARTER. ACKNOWLEDGEMENTS. CHARTER.
STATE OF LOUISIANA.


residing, and in the presence of the witnesses here
matter named and undersigned. personally came
| and appeared the persons whose names are herein
and covenaDted, and do, by these presents agret
and covenant to form themselves into corpora
ton for the object. and purposes, and under tbs
stipuations regulations and obligations following
to wit:
ARTICLE /.
The name of the company shall be the New Or
leans and Grand EeoTe Packet Company and it,
domicile is hereby established in the city of New
Orleans, and it shall Exist and continue for the
term of twenty -hve years from the date or thes'
presents, unless sooner dissolved. The company
Shall have a seal, having for inscription the nams
Of the comp any
The operations of said company shall he the pur
chase, or building, or chartering Of one or more
steamboats,, and the carrying OF freight or pas:en
gers, or both. on said boats up and down the Mis-
sissippi river and Red ii yer and tributaries.
ARTICLE III.
The capital stock of said company is hereby
fiyed at the sum of one hundred thousand dollars
divided into shares OF one hundred dollars each
to be paid for as follows to wit: thirty per ent as
s1On as the company goes into operation, and the
balance n lnstailments OF ten per cent upon the
call OF the Board OF Directors az tho necessities OF
The company may require il. This company shall
go into operation as soon as the cum of forty
thousand dollars is subscribed for.
ARTICLE ".
The affairs OF the said company sbal! be under
the direction OF Board of Control composed OF
five stockholders, possessing iii their own name, OF
that of the firm OF which they are partners, not
less than five shares OF the stock of rne mpany.
ARTICLE V.
SECTION !. The regular meeting of the stock.
holders shall be held Annually on the THU Monday
October, at which meeting ma GRITTY in capital
stock, represented at the meeting shall choose
five of the members TO serve as directors for the
ensuing year. At such election each share of stock
shall be entitled to one vote, aud the directors
oh. I'm HTAH hnI Apt
ganize into a board by appointing one of their
members as president. he board thus or
gani1ed shall have power TO appoint all officers
or agents aud fl their RESI- ectIVe compensations.
The board shall also appoint a secretary, whose
duty, independent of others that might be ascroed
10 him. shall be to attend the meetings of the
boa d, and keep correct record OF their proceed
in2s.
SEC. Q. failure to elect directors as aforesaid,
shall MT dissolve the corporation, but the board in
office shall continue to exercise the functions until
new board eau be elected.
SEQ. 3. Three M mbers of ead Board of Control
shall constitute quorum for the transaction OF
business, and the said board is hereby invested
with full power to frame and adopt such bylaws,
rules and regulations they may deem requisite
and necessary for the company and the transac-
tODs of its affairs, provided the same shall not
conflict with the true intent and meaning of this
act of Incorporation the laws of this State.
They are heIeb authorized to buy, sell and charter
steamboats, fuel for tho use OF the company, TO
make contracts, leases, mortgages, bypOtheca-
tons and compromises to borrow money, and to
build cause to be built, one OF more steamboats,
for said company.
SEC L. The Board of Control shall make divi-
dends as often as they think desirable and proper.
SRo. 5. Ii any member of said Board of Control
should cease to be q stochhOlder during his term
OF service his office shall thereby, ipso facto, be-
come vacant. And in the event Of the death, per
manent absence, or resignati0n "a vacancy rom
whatever cause) of any member CT said Board of
Control, the board shall have power to fill vacan-
eies oceasioned thereby until the first regular
meeting thereafter OF the Stockholders OF the said
company for the election OF officers of the com
pany.
SEC 6. The Board of Control shall meet monthly
for the transaction of business, and the president
may call them together at any time by giving
twenty four hours notice in writing.
SEC I. No two partners whose subscriptions are
in the name Of their commercial firm shall be eli
glble at the same time as members OF the said
board.
SECTION ]. 1t shall be the duty of the presiden
of said company to keep, or cause to be kept in
bound books, in the name OF the company, cor
rect record of all its proceedings transactions &C.
counts property, business and affairs, as well as
full and complete detailed accounts of the receipts
and disbursements thereof He shall moreover,
act as tho treasurer of the company, and keep q
cash ac. cunt in one of the banks in New Orleans,
sabiec to the approval Of the Board of Control in
the name and Tor account of the company and to
be aloe authorized and empowered to draw
cheeks nd transact all banking business thereof.
The p. sident of the company is the proper person
Oh w''nm citation shall be served.
ARTICLE VII.
Wheo The period arrives from any cause for the
winding p Of the concerns of this company, three
st0c ahOd shall be selected by majority of the
Shall h. nv ali the assets Of the
ton into ,sh and after the pay nent of the labi-
tiles of til, company, disburse the surplus funds
among she stockholders III proportion to their re-
'i'>''' ARTICLE VIII.
No stool holder 81 all ever be held liable respon
sible for the contracts OF faults of the company
beyond the amount ~ his stock in said company.
ARTICLE TX.
For the purpose OF starting and putting the com.
pany into operation, the following named stock
holders, to Wit: John G. Mitchell, ksq Michel Die
trich, Esq, Horace Is. Shropshire, ESQ, John A.
Williams, ESQ, and George W. Tucker are consti-
tuted a temporary Board OF Control, whose term of
office shall expire soon as their successors are
elected and have qualified.
ARTICLE X
The names and respective interest of the SUB.
ecribers to this act and the amount of their re-
sbective shares are hereby declared to be as fol-
John c. Mitchell, Charles H. Brown
Horace T. Shropshire, Robert hi. Walmsey.
George w Tucker r. J, G. Bachelor
JOhu q Mitchell, nj. II. Carver,
Caspari l. Dietrich, Peter Yenlenan,
Cans Co., William NJ. Levy
D. Pier son, William II. Jack,
A. K. Sompayrao, John GenOe,
Alex Garsin P. Halter
j. J. McCook 4 Co Willis Holmes,
Emile Debieux, r. smith,
J. Ducasse W. B, Carr,
A. 4. Leinee, u. SimOu,
Trcbel & Airey Anb. DebheJeS,
John P. Campbell j. H. Uoegrove.
Charles l.. PeTot, ]. Laeoste,
j. 4. DuoOurneau, l. DUPLEX,
T. schuman. J. Messi,
u. PSete. Is Kahn 4 Co.
H. Lichtenhenstein, 6. PolteDot,
A. Perrin, 7. II. Burdics
Hy. Nj Levy, Y. NJ Hartman
II. Jaffa, s. Ntlktn,
John Rusca Isaac Jacob
Wienburg & Kofbe $. Weinburg,
Mrs Grozan John CHI mbars,
A. J. DucOte. Sarah Mayer
Nose RosenthG, J. j. Porthtrie,
W. B. Harper n T. d zier
A. JarreaTI, J. W. Johnston,
FRANCOIS Barber Louis Abade.
A. David j. Goodman
julius Levin, T. < Wei
r G. Dnke J. A. Williams,
j, c. French. Jonas R0senthai
David Kuhmayel, Nike Legras
Sam Pincus, James w Osborn
Henry A. Boissart, Thomas Woodward,
hn \ Butler, Sol Hess,
Joseph II. HynsOD J. jackson:
Daniel Gr hr Henry ST. John.
John s. We'd Solomon Meyer,
Louis TeIada, Is T. Plerson,
John Quincy. II. B. Wamsley Co,
Patrick KelOne, r. ClhFaIe,
P, NJ Fiermant T.. Dronin,
p. Regard, f. j. T. Monln,
A. D. Coco c. L. Walmsly Co,
George W. Tucker Horace E. Shropshire &
a a a. S Houto1. c. no Brown, u. N. is
W. H. Langheld Co, h Co,
James Rhorcr, II. A. Bnyce,
H. A. Thompson stafford 4 cullen,
T. Spence smith, n, L. McGnuis,
Louis Lawrence, Horace Breedioye,
Milling & Bolton, W. A. trIEin,
William y; strong, John schwartzeGbusg,
D. Kel,y p. W. Linsky,
v Girsr9 H.nIi lew,
E. N. L JEFF Weiia Ell Watkins,
C. NJ. Wells, a. @. Compton
4. G. Herbert, J. p Smelling,
NJ LYMAN, Geo ". Stafford
.. L. vey, Branch Tanner;