New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-01-24
CORPORATIONS.
Z HtAHikH. ...o..................& CHATTER.
STATE - LOUISIANA
PARISH OF ORLEANS, CITY OF NEW ORLEANS.

STATE - LOUISIANA.
PARISH OF ogLEAFS, CITY OF NEW ORLEANS
Be it known that on this twerty.fourth day Of
tne month or december; III the year OF our Lord
one thousand eight hundred aud severty-two and
of the Independence of the United States of Amer
lea the ninety-seventh. before me, Armand PHI OF
Jr., notary pubic duly Commissi oneu and sworn
in and for the parish and city aforesaid therein
residing, and in the presence of the wtne sses here
matter named and undersigned, personally came
and appeared the persons whose names are herein.
after subscribed who declared that hey agreed
and covenanted, and do, by these presents, agree
and covenant TO form theI1st Ives into 4 corpora.
ton for the object, and purposes and under the
stpnatioss. regulations and obligations foliSwing,
20 vii:
SRTqCLE&
The nauc of che company shall De tho New Or
leans and Grand Ecore Packet Company and its
dOiniele is hereby established in the city of New
Orleans, and it shall exist and continue Tor the
term of twenty five years from the date of these
pres ents, unless sooner dissolved. The company
shall have seal, having for inscription tie name
OF the comi amy.
The operations Of said company shall be the pur-
steamboats,, and the carrying of fteight or passen-
gers, or both on sail boats up and down the Mis-
hisslppl river and Rid river and tributaries.
ARTICLE III.
The capital stock of said company is hereby
fixed at the of one hundred Thousand dollars
divided into shares OF one hundred dollars each ,
l" De pad tor as follows to wit: thirty per cent as
soon as TIE Company goes iuto operation, and thu
balance IL mstallmsnts Of ten per cent uDOD the
call OF tie Board of Directors as the necessities of
me COMPANY may require it. This company shall
30 into operation as as The SUM of forty
thousand dollars ts subscribed for.
ARTICLE ".
The affairs of the said company shall be under
the direction OF Board Of Control, composed of
five stockholders, possessing in their own lame or
that OF the firm OF which they are Partners not
less than five shares of the stock OF The m pany
ARTICLE V.
SFCTIoN /. The regular meeting of the stock.
holders shall be held annually on the thin Monday
october, al which meeting q ma Ority i'll capital
stock, repre- sented at the meeting. shall choose
five of the Inemodrs TO as directors for the
ensuing year. Al such election each share of stock
shall be entitled to one vote. and the directors
elect shall Within i've days after their election,
gauize into ID board by appointing one of their
members pre- ideut. The buard thus or
ganized shall have power to appoint all officers
or agents and fix their respective compensaJiOns.
he board shall also appoint a secretary, whose
duty independent OF others That might be ascriDed
TO him. shal be 10 at end the meetings of the
boa q, and kceS correct SecOrd 81 theiT p oeeed
ingn
SIC. .. failure 70 elect directors, as aforesaid,
shall MT dssove the corporation, out the board in
office shall continue so exercise tbs sanctions until
= new board can be elected.
SEC. 3. THREE IN MIXERS oY said BOARD of Control
shall constitute 10 quorum for the transaction of
business, ana She said board is hereby invested
with full power TO frame and adopt such bylaws,
rules and regulations as tGey NAV deem req uisite
and necessary for the company and the transac-
lions of its affairs, provided the same shall noe
conflict with the true intent and meaning IF this
act OF Incorporation or the laws OF this State.
They are heftb authorized to buy sell and charter
fuel sor tho Use OF the COMPANY to
make contracts, leasfe, mortgages, hypotheca-
tons aud compromises; to borrow money, and to
build, or cause TO be suli; one OF more eamboats
for said company.
SEC. The Board 90 EonerOl shalP make siiyi-
AZ lSSlr La aIIlDr
SRC. D. II any member of said Board of Control
should cease to be stakeholder during his term
of service, his office shall thereby, psO factO be-
come vacant. and in the event of the death, per
manene absence, ca resignation, Ia vacancy from
v hatever cause) % any member of said Board of
Control, the board shall have power to I'LL vacan-
cies occasioned thereby until the first regular
meeting thereafter Of the stockholders of the said
'ompans toS the election Of officers OF the com
1any.
SEC e. fhs Board OF Control shall meet monthly
OF the transaction of business, and the president
nay call them together at any tins by giving
,wenty four hours notice in writing.
SEC. I. No two partners whose subscriptions are
n the name of their commercial firm shall be eli
'bi] q. tSIa aanA time as members 81 the sad
soar1
ARTICLE W
sEcTlos O. VI shall be che duty az the presiRen
Il said company Ia keep cause to be kept i'll
pound books, III the name of the COMPANY a cor
Get record - all ito proceedings, TRANSACTIONS ac
counts. property, business and affairs as well as
ull and complete detailed accounts OF the receipts
ct as the treasurer OF the company, and keep a
ash account IN one of the banks III New Orleans
ubecG t" he approval OF the Board OF Control in
he name and tor acCouns of the company, and to
II alone authorized and empowered TO draw
hecks and transact all banking business thereof
he pr sident Of the company in the p oIsy pe6s0D
Ne whom CITATION shall be served
ARTICLE VIA
%i en- the ~ rod arrives from cause FOR tho ;
winding up Of the concerns of this company three |
toe holders shall BE- selected by majority of the
hall be to convert all the assets OF the corpOra-
ion into cash and after the pay meat of the liabl-
ties OF the company, disburse the surplus funds |
m0ng he stockholders Ii proporti~u &0 thaig So
psGtIvS shares
ARTICLE sIH.
70 stu.khodey shall he held Tia BILE s,Y p,spOn
ible for the contracts faults of the COMPANY I
es oud the amount OF lis steck il. said company
ARTIt LB TX
For The YuIOse OF starting and putting sfe com |
any into operation, the following named stock !
DIders to wit: John C. Mitchell, $50 Michel Die
rich, ESQ, Horace X. Shropshire, ESQ., JOHN s. /
Villiams Esq, and George W. Tue ker are consti- |
uted a temporary Board OF Control " hose term of |
flee shall sxpne soon as theix euceessors arc |
Lee ted and navy qualified |
ARTICLE u.
The names and respective interest Of the SUB |
cribers to this act and the amount OF their 10.
pective shares are hereby declared ta be "a iol.
)ws: