New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-09-01
CORPORATIONS.
ftHARTER....o ........."sCHARTEf
Gg 3B&
CSsOS g3EAg TRANSPORTATION COSIgsS2.

CSs0S g5IAg TRANSPORTATION COSigsSS.
ne Sc &ssosvs si.as ON ehis fifsh Dag OF august
49, before NEE notary public in and for the city
of New Orleans and parish OF Orleans, and State OF
Louisiana, duly commissioned and qualified. and
il She presence of the witnesses hereinafter named
appeared Shs undersigned who declared that
avai.ilss themselves of the provisions of the
statutes cot Louisiana relative 90 Che organization
OF 60: pc! ato.,ss they do By these presents form
themselves Snto anb constitute corporation for
the folowiG. specified Obeess AID GaaJeS $be scas
sGw:SS sS5ssis4StSS&ss So sSls;
ARTICLE l.
The crfcaf name Of Che coroogsse,n anass be fHE
UNION STEAM TRANSPORTATION COMPANY, and
- shall have csgpoSa.S sea- with she @ams % SIS
company saeyeGls
ARTICLE q.
.f- s.sress aaa :egsf domciGe oq enc GoHPaAy
shall be ia the city eff New orleans. subject to
nova! ONLY 81 gSte Of thseeSaHstbs 90 she s5ockp
Ao.ie1S.
The eis-et 90 snia corporation 90 o. Construct,
purchase. ss otherwise procure steamboats, and
other vessels 20 yun and navigate the Mississippi
river and its tributaries for the purpose Of carry
Eng freiShss malls and passengers to and from
points thereon; and generally to exercise such in
cidental powers and privileges as are hereby neces-
sary, may be conferred on them for the purposes
for. sads Each subscriber to this enterprise shall
have the privilege OF travelling said companys
steamboats, oP othes sesselso at twenty-five per
cenv iess shan the usual current rates for passage;
said privilege 20 extend 20 and include the wife
ana children Of said subsc1ibero Subscribers shall
also be ak, a!"ssS &ss peg eeaS discoSSs aas siaeiS
Afsssscsg ~.
II. 9Fes!ess of she Company sfas termed Go
hereby constitutes eie stces upon vaous cite sSons
u AZ Se sexse&s
ARTICLE ".
s.s esefsaY seocE of sYi9s company ?s SesaOY fxeS
at mrs. thousand dollars. represented by two thou
sand shares at swenty FIVE dollars each; twenty
per cent OF SUBSCRIPTION to be paid at time of sub
scribing, and the balance at same per centage
sserS thirty days thereafter The capital stock
of the company mag be ncrease to two hundred
thousand dollars by two.thirds vote rep, esentng
the capital of the company; providing that no in
crease of stock shall be made until the presena
s';''''sas sa" al seea subscribed aaa Ds5@ foss
ARTICLE w
sArpe-soHyehs of Sfe seoc Rnofdess eaespea9 snaT
have the power to wind up and settle ali the at
3d!rs OF Che company at any time during it's eXisto
ences or os making such notifications, additions
OF changes TO this act as may be required pro-
sided the same are Just and proper, on giving ten
yUS.ssSs4 80 Ssw SSIeauss
ARTICLE ygss
Sle SoafS % Directors as $40 earSS Sag s9aYY
proceed TO elect the officers eft the corporation
which shalS consist OF president, treasurer vice
presidents secretary and such other officers az
she's may deem necessary the ASss SbgeS @S Bh;eh
sIS4t Ss Ut shoSS 0W8 aunbeSo
SggScLss ys!g.
she tenn Toy syhich this cogpoSassug % GossaeS
sass S1 sseasy'tiSS years.
&aTrGg $50
e9Cq2pS g. Sse segufar meeeHnee 90 gAe aYocs1e
AOlders OF this company shall be held annually at
the office of the company, commencing on the first
Tuesday of Augusro 1874 at which time majority
on capital shall choose eleven of their number to
serve as directors for the ensuing year, who shall
Su of tha of the lSr me
following yearo until their successors are ap-
pOlnted6 and until the election Of directors as
aforesaiGa the following named persons shall con.
stitute board of directors to snanage the affairs
OF said companyo any three Of whom shall constr
iute quorumo Wis L. B Wakeman, L. Sewell, D.
ner and William Go Brown; and who sshall hold
their otiicednt the first regular election meeting.
SEC 2 failure TO elect directors at rerVlar
meeting of the stockholders shall not dissolve the
companyo but the directors then in Office shall com
tinue to exercise sheSr functions until new board
be elected.
SEco 30 Five qlemoers of saia Board of Directors
Shall constitute quorum to do business, and the
Board of Directors shall have power to make and
adopt all necessary rules and bylaws for the gov
eminent OF tie company; provided the same do not
conflict with the true intent and meaning Of this
The Board OF Directors may declare dividends from
time to time. as they may deem advisable.
SEeo T. If any director shall cease to be stock.
holder during his term of Office it shall be declared
vacant; or in the event of death, permanent alb
senceo resignation of any director or from other
causes the board shall have the authority to fill
5he uacanc6 9ccasOned thereby
ARTICLE Xo
UnGer 40 circumstances shall any stakeholder
ever be held pecunarily liable or re spOusible for
the contracts, losses or faults of said COMPANY
beyond the amOut or balance due and unpaid on
his, her or their subscription to a share OF shares
OF She stock OF Said company
ARTICLE XII
SAOuid any subscriber refuse or neglect to paw
puActually his, her or their installments as the
same falls due, interest at the rate of eight per
turity until paid and if any subscriber refuses OF
neglects to pay his her their installment within
thirty days after the specified time of payment
the Board of Directors shall have the ri0ht Of
stallment may be due to be sold at auction or to
forfeit said shares, to compel by suit the paw
ment of such installment the board may deem
advisable
ARTICLE Kill
The following named persons are stockholder, in
said company and as such are entitled to the num-
Der Of shares placed opposite their names. re-
s2octively, viz:
L. g. Wakeman. 600. %. A. w. Faulkner
I. Sewen ....... ......l0 William G. Brown
y. De Haven........... u. +. Dessauer ~
John Ray.
And in conclusion the stockholders herein ahovo
named, in confirmation of the Aforesaid s+in,'Io
COns, covenants and agreements ordained AMI 90
taohshed by the present act for the purnoses a%ow
MENTIONED and to that effect only. have harenU+s
subscribed their names respectively '"
interna! revenue stamps, required hv 1axv IN tho
and Cancelled. f~o' "Ao ne'o"lSh am1ed
This done and passed in my Office at tho ci.v of
day and dat.p parish and State aforesaid, the