New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-01-01
CORPORATIONS,
QUARTER. Observation-Disclosures. CHARTER
STATE uF LOUISIANA


STATE IF LOUISIANA
PARISH OF ORLEANS CITY OF NEW ORLEANS.
Be it known that on this twenty fourth day of
the month of December, in the year of Lord
thousand ei ght hundred and severty-twO, and
OF the independence of the United States of Amer
lea the ninetE seventh, before me, Armand Pilot
Jr., notary public duly commissioned and sworn
il 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 are herein
after subscribed, who declared that they agreed
and coytldHtfd, and do, by these presents, agree
and covenant 70 form themselves into corpora
ton for the objects and purposes, and under the
supulations, regulations and Obligations following
to wit:
ARTICLE l.
The name OF the company shall be the New Or
leans and Grand Bcore Packet Company" and its
donnie "a Is hereby established in the city Of New
Orleans, aud 1t shall exist and continue for the
term OF TWENTY-FIVE years from the date of these
presents, unless sooner dissolved. The company
shall have seal, having for INSCRIPTION the name
ARTICLE H.
The Operations of said company shall be the pGr-
chase, or Ialns, or charternS Of one OF more
steam boats ami ne carrying OF freight or pa5sen
gers, o. both said boats. up and down the bis
sissiPpi rivtI aud Red river and tributaries.
ARTICLE III.
The capital stock of said company IS hereby
fixed at the sIln uf hundred thousand dollars,
divided INTO satTes OF one hundred dollars each
70 be paid Tor follows to wit: thirty per cent as
soon the company goes into operation, aud the
balance in ilsta. lnents Of ten per cent upon the
call OF the Board of Directors as the necessities Of
the company may require it. This company shall
go into operation soon as the sum OF forty
thousand d1.ldLs . subscribed for.
ARTICLE ".
The affairs of the said company shall be under
the direction OF Board of Control, composed OF
five stockholders, possessing i'll their own name or
that OF the firm OF which they partners, not
less than five shares of the stock of the co mpany
ARTICLE v.
Szcr;oy /. Tho regular meeting of the stock
holders shall be he ID annually on the third Monday
OF October, az which meeting a majority in capital
stock, represented at the meeting, shall choose
FIVE OF the mem 0ers to serve directors for the
ensuing year At such election each share of stock
shall he ent tied to one vote, and the directors
ganize into a board by appointing one of their
members as president. The board thus or
ganized shall have power to appoint ali officers
or agents and Tx their RESP ectlve cOmpensations
The board shall also appoint a secretary whose
duty independent Of others that might be ascrloed
to him shall Oe to attend the meetings of the
board, and keep correct record of their proceed
ings. -...,,
shall not s5Uive tine corporation, but the board IN
office shall continue to exercise the functions until
q new board be elected
SEC. 3. Three m mbers of said Board of Control
shall constitute a quorum for the Transaction OF
business, and the said board 10 hereby invested
with full power to frame and adopt such bylaws
rules and regulations they may deem requisite
and necessary TOR the company anu the trailsdc
tions of its affairs, provided the same shall not
conflict with the true intent and meaning ot THIS
They are htItb authorized to buy sell and charter
steamboats,, fuel for the use of the company, TO
make contracts, leases, mortgages, hypotheca
tons and compromises; to borrow money, ana 10
build or cause to be built one or more steamboats,
for said company. .
dends az often they think desirable and proper
SEC. ). II any member of said Board OF Control
should cease - be a stakeholder during his term
of service his Cice shall thereby, ipsO factOr be-
come vacant And in the event OF the death per
maIent absence, or resignation, Ia vacancy IRON
whatever cause) Of any member OF said Board OF
Control, the board shall have power to fill vacsn-
Cies occaSiOaed thereby until the first regular
meeting thereafter of the stockholders of the said
company Tor the election of officers OF the com
SIC 6. The Board of Control shall meet monthly
for the transactIOn OF business, and the president
may call tGcm together at any time by giving
twenty four hours notice i'll writing:
SEc. :. No two partners whose subscriptions are
in the name G: tlieir commercial firm shall be eli
gibe at the time members OF the SAID
board.
SEcTfos l. L shall be the duty of the presden
of sad conpaay to keep, or cause to be kept, i'll
bound books. in the name of the company, cor
rect record "t ali its proceedings, transactions, ac-
counts puOrr.t= business and affairs, well as
full and p,et detailed accounts of the receipts
and disbursements thereof. He SHALL moreover,
act as the treasurer of the company and keep a
subject to ne approval OF the Board of Control in
lie rSHe a.J rnT account of the company and to
be alone authorized and empowered to draw
checks and transact all banking business thereof.
The president OF the company IS the proper person
on wlom citation shall be served
ARTICLE VII.
Wien IL. De Rod arrives from any cause for the
winding uyo! the concerns OF this company, three
stockhod-Is shall be selected by majority OF the
stockholders ~ general meeting, whOee duty IL
shall be to convert all the assets of the corpora
ton into Caa and after the payment OF the llabil
tiles of the company disburse the surplus FUNDS
a0Ong the stockholders i'll proportion 10 ther re-
Sr0''-'s ARTICLE VIII.
No stakeholder shall ever be held liable or respon
a..ta faIIltG nf
beyond the amOunHDt his stock IN said company.
ARTICLE X.
For the purpose of starting and putting the com
PAM into GT, ration, the following named stock
foiders. 10 " IT, John c. Mitchell Esq Michel Die
Williams Ii En- and Georgs w. Tucker are consti.
tuted temporary Board OF Control whose term OF
office shall rXpue as soon as their successors are
elected and -. { qualified
ARTICLE Y.
T1euamr5 and respective interest of the sub
scribers to this act and the amount of their re-
spective shares are hereby declared TO DC as ioi'
ToS1 q MITCHELL Charles H. Brown,
Horace K. Shropshire, Robert N. Walmsley
C{soTga W Tucker r. J. c. Bachelor,
Jonn e. NirruyN N. II. Carver,
CaaDari i Dc. h. Peter Nenleman,
Gans I Go william VI. Levy,
ID Person William II. Jack,
A. Z. Sompayla1, John Genoe,
Alex Gars-n. p. Halter,
J. J. MCCOo, /. 90, Wills holmes
Emile DebIrUT, - smith,
] Ducassr w. b. Carr
! r. 81 At,av Amb. Deblieux,
John P. Campbell, j. n. tos2ToNe,
Char.es l.. TcTot, !. LacQste
J. A. DuCourueau, Il. DupIe y
p Poete Is Kahn Il Co.,
H. Lichten, sas'siO, G. To4ten9t,,
A. PerrihI. T. II. Guruitk
Nv NJ Levy +. NJ. Hartman,
II. Jaifa, > Ne!Aln,
John Ri.sCa Isaac Jacob,
Wien5urS E5&e, $ WeinhncG,