New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-10-04
QUARTER


CHARTER. ........... ...........EHARTEH
UNION STEAM TRANSPORTATION COMPANY
Be i. known shat on this hfth day o: Aug rss
1874 before notary public in and TO. The cts
Louisiana, duly commissioned and qualified. ara
in the presence of the hereinafter namt<.
avsing themselves Of the provisions Of tn.
statutes OF Louisiana relative to the organ'ZasitS
OF corpor atoms, they do by these presents iori.e
themselves into and constitute corporatiss 50.
the following specified objects and uud:- 81" So
lowing sil4GlatlOns. 10 Wit:
The official name OF The corporation shat ~ ~
UNION STEAM TRANSFORMATION COMPASs anSs
il shall have IA corporate seal with the nSIa. ~ :s
company thereon.
AETICLE.n.
shall be in the city Of New Orleans suhjec. ~
mova only by vote OF three feurths of SEs s.DsS'
holders.
The ehiec: Of this corporation is 20 esns'.us:
purchase. or otherwise procure steamboats, AIs..
other vessels go run and navigate the sins, s,k
river and its tributaries for the purpose Of Sazre.
points thereon; and generally to exercise such ia
cidentsl powers and privileges hereby nesrs-
sary or may be conferred them, for the purposes
aforesaid. Each subscriber to this enterpri =. shaI
have the privilege of travelling on said com pany~s
steamboats, or other vessels. 1T twenty-five Fa-s
cent less than the usual current rates for
said privilege TO extend to and include tho " f.
and children of eaid subscriber Subscribers stiss
also be allowed tive per cent disccun: 81 s.'sis
ARTICLE ".
The prssidsn, Of the company thus ss;,n.a =
a
may be served.
The capital stock Of this company is i-.ebs s1zss
at fifty Thousand dollars represented by two f:ssoa-
sand shares at twenty-five dollars each; .wenes
per cent Of subscription to be paid at time Ut Sub
ecribing and the balance at same per cen1.aEy.
every thirty days thereafter. The captsi stock
Of the company may be increased to two hnn6rsA.
Thousand dollars by twO-thirds vote repr tsAsncIzS
the capital of the Company; providing that
crease of stock shall be made until the laSstnis
amount has AL been subscribed and PAID ax.
ARTICLE VI
Three-fourth of the stoc kholders in capita, ska
have the power to wind up and settle all lie az
fairs of the company at any time during its e.zss
ence, of making such notifications. aGdItsons
vided the same are just and proper, giving s,a
days previous notice in two of the newspapers
published in New Orleans.
ARTICLE VII
The Board of Directors at an early day ShsI.
which shall consist of president treasurer. <7ot
president secretary. aud such other Officers ~
they may deem necessary. the first three o. WHIT
shall be OF their OWL number.
ARTICLE VIII.
The term for which this corporation is ttrrer
shall be twenty-five years.
ARTICLE TX.
SECTION l. The regular meetings of the stoeS-
holders OF this company shall be held annually q.
the Office of the company commencing on I he hreS
tuesday Of August fs7a at which time majority
in capital shall choose eleven of their number TO
serve as directors for the ensuing year W. no sh.,3
form and constitute board of directors for the
management OF the affairs OF the company iof tas
pointed; and until the election OF direc tors az
aforesaid, the following named persons shall ctG.
stitute board of directors to manage the affairs
OF said company, any three Of whom sha.l consts-
tute quorum vh: L. wakeman, I. Seweli. D.
ner and william e. Brown and who 'shan hold
their Office until the frst regular election NEE ting
SIG failure 70 elect directors rs, a. dissoirs II
company but the rectOrs then IN once snail cof
tnue to exercise tneir functions until new oOafo
SEc g. Five me m bers of said Board Of Directors
shall constitute quorum to do business and tie
adops ali necessary rules and bylaws for the gov
eminent Of lbs coTp PAW provided the same do nos
corr ict with the true intent aud meaning OF tns
act of incorz,o, alton and the laws of this State
The Board OF Directors may declare dlvidends nen&
| time to time. as they may deem advisable.
| SEC T. If any disector shall cease to be sfoek.
hoNer during his term Of Office, it shall be declare
| vacant; or, in the event Of death, permanent at-
| causes the board shall have the authority to =
/ tie vacancy occas- oned thereby.
| ARTICLE K.
Under no circul, stances shall any stockho,Gs,
ever be held pecuniarily liable responsible .es
! the contracts losses or faults Of said COMPANY
! beyond the a,nout or balance due and unpaid sas
his her or their subscription to share or Shsrts
Of the stock OF said company.
| ARTICLE xI.
Should any subscriber refuse neglect to pay
| punctualy his, her or their instalments as ths
same falls due interest at the rate of eight Per
| cent per annum shall be added thereto from M
turity until paid ard if any subscriber refuses OF
neglects to pay his her or their instament within
| the Board of Directors shall have the right Of
| causing any share or shares upon which any in
| forfeit said shares to compel by suit the pay
| ment of such iustallment the board may deem
| advisable.
| ARTICLE XII.
| The following named persons stockholders II
| said company, and such entitled to the
| Der of shares placed opposite their NAMES. III
| spectively, viz:
L. B. Wakeman. .:.....,4 A.: W. Faulkner ------ !.
| L. Sewen. ......lo William e. Bro"U -- !.
| D. De Haven. ......... 5 i. F. DeAsaueT.
| John Kay. ........ 49,.
| And in conclusion the stockholders herein abrsy
| named, in confirmation Of the aforesaid stipuls-
tions, covenants and agreements, ordained anc es-
tabshed ny tho present act for the purposes atSr
mentioned, and to that effect only have hereENSE
| subscribed their names respectively.
| Internal revenue stamps required by law, 10 thF
amount of five cents per page are herewith AIT EA,S
| and Cancelled.
| This done and passed in my Office at the city &c
| New Orleans, parish and state aforesaid, rfSe
| day and date above written IN presence Of X
nesses residing in the city, who herewith ei1,n rhe-
| names, together with the said parties, tHld Uat.
| notary. after the reading thereof,
| L. b. WAKEMAN. b. DE HAVEN.
! L. SEWELL, 4. w. FAULKNKt:,
| JOHN RAY b p. DESSAUER,
WILLIAM q. BROWN.
L. A. BELL, Notary Pax
! Witnesses:
I X, BE!ErGUs,
! G. e. MCSAAH.
Ihave examined the within and forego'ne sct ~.
| Incorporation, and an of the opinion IbiAs LII
objects and purposes 40 therein specified lz'7 ,s.-s
and that none OF the provisions therein .1 IA 'sse
| are contrary to law JOIN McPHEttS
| District Attorney Of the Firs: Judicial tasEr IA q
| the STATE of Louisiana.
| New Cr!eAns, august 9, 1874.
! The Undersigned equity Records: OF Mort css.7s
FOL this city and parish Of Orleans State OF 10 81
ana, do hereby certify thst the ioreg9lnG SOD
was dug recorded II. chi. Office .his dag % sAsd
| 30 lI8 i.li. SO .. DARCANTkL,
! Deputy aets1'ssT-
| Eew cleans. August Il, 1874 ~r'@S