New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-01-04
CORPORATIONS.
. 4 eAA-hA~ A~1A>
sTATR OF LOUISIANA
PARISH OF ORLEANS. CITY OF NEW ORLEANS


If = notary public duly commiss Oned and sworn
in and for the parish and city aforesaid, therein
residing and in the presence or the mere
matter named and undersi gned, personally came
and appeared the persons whose names are hert4I
after subscribed, who declared that they a8reeu
and covenanted, and do, 10y these presents aSlee
and covenant TO form theIas. Ives into corpora
ton for the oSjecte and purposes, and under inc
stipulato15 regulations and Obligations ioAo" IhS'
TO wit: ,r
The name of the company shall be the New Or
leans and Grand EcoTe Packet Company" anu IFS
domice IL hereby established In the city OF Ne"
Orleans and if 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, haying for inscription Inc naiIie
Of tie company.
The operations OF said company shall be the pur-
CHASE, or blildiug OF cLaIttrMS OF one or more
steamboats, and the carrying of freight or passen-
gers, or both on sal boats. up and down the MIS-
sissi Poi river and Red river and tributaries.
ARTICLE III.
The capital stock of said company is hereby
fixed at the sum of one hundred Thousand dollars
divided into shares of one hundred dollars each'
to be paid for follows to wit: thirty per cent as
soon as the company goes into operation, ana me
balance in instaflmepts of ten per cent upon the
call of the Board of Directors as the necessities of
the company may require il. This company shall
go into operation as soon as the sum OF forty
Thousand dollars ID subscribed for.
ARTICLE ".
The affairs OF the said company shall be under
the direction of q Board of Control composed OF
tive stockholders possessing in their own lame, or
that of the firm of which they are partners, not
less tnaa tive shares of the stock OF the CO mpaEy.
ARTICLE V.
SECTIon Tho regular meeting of the stock
holders shall be held annually on the thld Monday
OF October at which meeting ma ority 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
elect shall within i've days after their election or
ganize into board by appointing one OF their
ganized shall have powt- to appoint all officers
agents and fix their resi- eCtlvo conpensat!ons.
I he board shall also appoint secretary whose
dnty independent of others that might be ascTlDed
10 him. shall be to attend the meetings OF tfb
board, and keep c0rect record of their proceed
ings.
S.s2 q failure to elect directors as aforesaid,
shall not dissolve the corporation, nut the board IN
OttC shall continue to exercise the functions until
a new board can 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 is hereby invested
with full power to frame and adopt such by-laws,
rules and regulations as they may deem requisite
and necessary for the company and the transac-
tons of ita affairs provide the same shall not
conflict with the true intent and meaning ri this
act of incorporation or the laws of this State
They htTtb authorized to buy, sell and charter
steamboats,, fuel for tho of the company, to
make contracts. leases, mortgages, hypot heca-
lions and compromises; to borrow money and TO
build, cause to be built or more steamboat
SEc.4 The Board of Control shall make divi-
dends as often they think desirable and proper.
SnC ). IT any member of said Beard of control
should cease TO be stakeholder during his term
service his Office shall thereby ipso facto, be-
come vacant Aud in the event of the death, per
maHeut absence, or resignation, ia vacancy from
whatever cause! OF any member Ct SAID Board OF
Control, the board shall have power to fill vacan-
cies OcCasioned thereby until the first regular
meeting thereafter OF the stockholders of the said
company for the election OF officers OF the com
psny.
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. 7. No two partners whose subscriptions are
in the name OF their commercial firm shall be eli
Slble at the same time as members OF the SAID
ARTICLE vi
SECTION l. 1t shall be the duty of the presiden
of sand company to keep. or cause to be kept in
bounG books in the name of the company a cor
rect record of all its proceedings, transactions, aC
counts. property, buSiCess Hnd affairs well
full and complete detailed accounts of the receipts
and disbursements thereof. He shall moreover,
act the treasurer OF the company, and keep
cash account in one of the banks in New Orleans,
subrc, to the approval Of the Board of Control in
the name and Tor account Of the company, and to
Dc alone authorized and empowered to draw
checks aud transact all banking business thereof.
The pr. sidCut of the company Is the proper person
on whom citation shall be served.
ARTICLE VII
winding up OF the of this company, three
stoc khorrs shall be selected by majority OF the
oct holders at general meeting, whose duty It
shall be to convert all the assets OF the corpora
ton into cash and after the pa ment of the iabl
Jies OF the mpany. disburse the surplus funds
among the stockholders III proportion to their re-
ARTICLE VIII.
10 stakeholder shall ever be held liable Ccspon
sibIe for tie contracts or faults OF the company
beyond the amount OF 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 c. Mitchell Esq Michel Die
trieh. Esq, Horace r. Shropshire, ESQ.,, john A.
Williams. Esq, an! George W. Tucker are consti,
tuted a p6ra5y Board OF Control whose term of
office shall expire soon as their successors are
elected and have qualified.
ARTICLE x
The names ard rcspecti interest Of the sub
scribers to this act and the amount of their re-
spective shares hereby declared to be as fol-
John c. Mitchell Charles II. Brown,
Horace 4. Shropshire Robert NJ. alBsley,
George W. Tucker. r. J. c. Bachelor
John g. Mitchell, NJ. Il. Carver,
Caspari L Dietrich Peter Venlerdan
Cans l. Co., William NJ. Levy.
D. Pierson, William H Jack
A f, Sompavrac John GeuOe,
Alex GarSin, 7. Halter,
J. J. McCook h Co. Willis Holmes,
Emile Debieux, r. Smith,
J. Ducasse, W g. Cart
A. E Leinee, II. simon,
Trichel ( AiTev, Amb. DebtieUx
John p. Campbell J, H. C0sgTeve,
Charles l.. PtTOt, :. Lacoste,
j. A. Ducourneau L. Dupe Z
T Schuman, ;. Gessi,
P. Poete, Is. Kahn i Co.,
H. Lichtenhensteia, G Poatepot,.
A PERRIN r. H. BurdiCk,
Nv VI Levy =. NJ. Hartman.
II. JaffL ). htlkin,
John Rusca Isaac Jacob,
wienburg & Kofie, s. Weinburg,
Mrs GrOZan John Chambers