New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-08-23
UNION srEAx TRANSPORTATION COMPANY.

Il
| UNION STEAM TRANSPORTATION COMPANY
| Be it known that on this ffrh day OF August,
ls74, before me- notary public in and for the city
Louisiana, duly commissioned and qualified. and
il the presence Of the heieiaafter named
| awaiting themselves Of the provisions Of the
statutes OF Louisiana relative to the oTganEation
shemseIyss a ,nss co So cdroors-op for
| the following specified objects and under The fol-
| lowing supulatons. 10 wiz:
| ARTTCLEI
The of1cisl name OF the corporation sLa,l be THE
it shall have corporate seal with the name Of the
company thereon.
| ARTICLR II.
The bus ness and legal domicile of the company
nova! only by avote OF three-fourtAs of HE stock
holders.
| The object Of this corporation is to construct
| purchase, OF otherwise procure STEAMBOATS, and
other vessels, TO run and navigate the Mississippi
| ing freights, mails and passengers to and from
points thereon; and generally to exercise such in
cidental powers and privileges as ale hereby reees-
ssry, may be conferred ON them fer the purposes
afort said. Each subscriber to this enterprise shall
steamboas or Sther yassels At ~ yo panys
cent less than the usual current rates for passage;
sald Pi,1SSege 70 extend 70 and include the vie
also be allowed i've per cent discount on their
| freight bills.
ARTICLE w.
The president Of the company thus formed is
hereby constitu ted the officer upon wHom citations
may be served. 1851
ARTICLE "
The capital stock of this company is hereby fixed
at fifty Thousand dollars; Represented by two thou
sand shares at twenty-dv dollars each; twenty
per cent OF subscription TO be paid at time of sub
every thirty DAYS thereafter The capital stock
Of the company may be increased TO two hundred
thousand dollars by two.thrds vote rep esenting
the capital Of the company; providing that in
crease of stock shall be made until the present
amount has all been subscribed and paid for
ARTICLE vi.
Threefourth of the s.ookho lders in capitsl shall
have the power to wind up and settle all the af-
fairs of the company at any time during ts exist
ence, or of making such notifications, additions
or changes to this act as may be requ red pro-
vided the same are just and proper on giving ten
days previous notice IN two OF the newspapers
published in New Orleans.
ARTICLE VII
The Board of Directors at an early day shall
shan tie 1"ps hs ss
president, secretary and such other officers az
they may dee m necessary the first three Of which
shall be of their own number
ARTICLE VIII
TIE term for which this corporation is formed
shall lie twenty five years.
AhllCLE In.
SECTION l. The regular meetings of the stock
holders of this company shall be held annual at
the office of the company. commencing ON the first
Tuesday of August, 1874, at which time majority
serve as directors for the ensuing year, who shall
form and constitute q board OF directors for the
1ea VI or e,e nnt their are ap
pointed; and until the election of directors as
aforesaid; the following named persons shall con,
Of said company, any three Of whom sha constr
tute quorum. viz: Wakeman L. Sewen D.
per and William 6. Brown; and who ishall hold
their office until the first regular election meeting
meeting Of the stockholders shall not dissolve the
company but the directors then In office shall con-
tinue to exercise their functions until new board
SEC. g. Five members of said 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
ernment Of The company; provided the same 90 not
act of incorpo, alton and the laws Of this State.
The Board Of Directors may declare dividends from
SEC i. If any director shall cease to be q stock
holder during his term of Ofice IT shall be declared
vacant; or in the event OF death perm name a.
causes the board shall have the authority to til
the vacancy occasioned thereby.
ARTICLE x.
Under no circumstances shall any stakeholder
be held pecuniarily liable or responsible for
the contracts, losses faults Of said company,
beyond the amOut or balance due and unpaid on
his her or their subscription to share or shares
of the stock Of Maid company.
ARTICLE XII
should any subscriber refuse or neglect to pay
punctually his, her or their installments as the
same falls due, interest at the rate of eight per
cent per annum shall be added thereto from ma
negscts to pay his her or their installment within
thirty days after the specified time Of payment
the Board of Directors shall have the right OK
aa,la q
forfeit said shares Or to compel BY suit the pay.
advisable.
The following named persons are stockholders in
said company, and as such entitled to the num-
Der of shares placed opposite their names, re-
Shares. Shares.
L. B. Wakeman... 49,, w: Faulkner l.ao
D. De Haven........... B. +. Dessauer. ........
John Ray. ........ 900. D
And in conclusion the stockholders herein above
named, in confirmation of the aforesaid stipula-
tons covenants and agreements, ordained and es-
tabished by the present for the purposes above
mentioned, and to that effect only have hereunto
subscribed their names respectively.
Internal revenue stamps, required by law to the
amount Of Ave cents per page are herewith affixed
This done and passed in my Office at the city of
abone Wsn IN Of
residing in the city who h6rewtD sign tnolE
names, together with the said parties, and me-.
notary w .f1r the reading She ps HAVEN
L. SEWELL A. W. FAULKNER,
JOHN RAY B. r. DESSAUER,
WILLIAM g. BROWN.
L. A. BELL, Notary Public.
Witnesses:
e. BRIErGUE,
G. Z. MOVEAN.
Ihave examined the within and foregoing act of
objects and purposes therein specified legal
and that none Of the provisions therein contained
are contrary to law. JOHN McPHELfN
District Attorney Of the First Judicial riot o
the State Of Louisiana.
New Orleans, August g. 1874.
The undersigned, Deputy Recorder of Mortgage
fol this city and parish Of Orleans State of Lousi
ana do hereby certify that the foregoing charter
was duly recorded In this office this day, IN book
No. 49, folio 418. G. DARCANTEL,
Deputy Recorder.
New Orleans, August l8. 1874 au23
BANKS AND BANKING.
r .OUISIANA SAVINGS BANK
SAFE DEPOSIT COMPANY,
No. 81 Camp Street.
CAPlTAL............... 900.
z. C. PALMER, President.
JAMES JACKSON, Vice President.