New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-09-20
CORPORATIONS.
CHARTER CHARTER
UNION STEAM TRANSPORTATION COMPANY.

Be j, known tina. ON this fifth day OF August.
49,! before me- notary public in and for the city
Louisiana, duly commissioned and qualified ana
in the presence Of the witnesses hereinafter name0
appeared ;;aa the undersigned, who declared that.
statutes OF Louisiana relative to the Organiza ton
OF corporations, they do by these presents l0Im
themselves into and constitute corporation for
the following specified Objscts and under the fol-
lowing stpu.ati"ns. to Wit;
The official n.ms Q, the corporation shall be THE
it shall have corporate seal with the OF tho
company thereon.
ARTICLE II.
The business and legal domicile of the com nnny
shall BIZ in the city of New Orleans. subject to re.
moval only by vote OF three fourths Of The stock
holders.
The ohiec: Of this cooperation is 20 construc.
plrchusc. or otherwise procure steamboats, and
other vessels, TO run and navigate the Mississippi
river and its tributaries for the purpose of carry.
ing freights, malls and passengers to and from
points thereon; and generally to exercise such in
cidentsl powers and privileges as are hereby mecca
sary may be conferred them, for the purposes
afors said Each subscriber to this enterprise shall
have the privilege of travelling on said company'a
steamboats, other vessels, at twenty five per
cent less than the usual current rates for passage;
said privilege 70 extend to and include, the wife
also be allowed five per cent discount on their
freight bills.
ARTICLE ".
The president o: the company thus formed 10
hereby constituted the officer upon waom citations
ARTICLE v.
The capital etocs Of this company Is hereby fixed
at fifty Thousand dollars repret ented by two thou
sand shares at twenty tve dollars each; twenty
per cent of subscription to be paid at time of sab
scrbing. and the balance st same per centage
Of the company may BE- increased to two hundrea
thousand dollars by two-thrds vote representing
crease OF stock shall be made until the presens
amount has 81! been subscribed and paid tog.
ARTICLE VI.
r.ree..cryths Of the stakeholder In capita, stap
have the power to wind up and settle all the at.
fans Of the copa:y at any time during its exist.
ence. or Of making such notifications, additions
or changes TO this act as may be required, pro
vided the same are just and proper, Oh giving ten
DAYS previous notice in two OF the newspapers
published il New Orleans.
ARTICLE VIZ.
Tie Board Of Directors at an early dsy shall
proceed to elect the officers of the corpora tious
which shall consist Of president treasurer vice
president secretary. aud such other officers AZ
they may deem necessary. the tirst three OK which
I ehaii be Q: their own number.
ARTICLE VIII.
| shaI. be tweu':; five years.
ARTICLE tx.
l tHCr.oH 7. The regular meetings OF the sYocSo
hOde rs of this company shall be held annually at
the Office of the company, commencing on the first
Tuesday of August. 1874, at which time majority
in capital shall. choose eleven of their number sO
serve as directors for the ensuing year. who shall
form and constitute board of directors for the
MANAGEMENT of the affairs Ut the company for tao
following year, until their SUCCESSORS aro ap'
1 pointed; and until the election OF directors aA
aforesald the following named persons shall cone
stitute q board OF directors to manage the afalrs
o, said cOmp any. any three of whom sha c0nsti'
! tute a quorum. viz: L. Wakemsn, L. Sewell. D.
De- Haven, John Ray. B. +. Desssuer, A. W. Faulk:
her and William q. Bsswn; and who shall hold
their office until the pst regular election meeting
| SEC. q A failure 10 elect directors at regular
meeting of she stockholders shall not dissolve the
company but the directors then in office shall COM
| tinue to exercise taeir functions until new board
l be elected.
| SEC 3, Five members OF said Board OF Directors
| shall constitute quorum to do business and the
adopt all necessary rules and bylaws for the gov.
eminent of the company: provided the same do not
conf let with the true intent and meaning of this
! act OF incorpO alton and tho laws OF this State.
The Board OF Directors may declare dividends from
| time to time. as they may deem advisable.
| SEC. 4. II any director shall cease to be Stock:
holder during his term Of office it shall be declared
l vacant; or, in the event of death. permanent abe
sepce. resignation OF any director or from othse
I causes, the board shall lave the authority TO t.S
| the YacaEcc 90. - -, t.i tieteby.