New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-12-24

SF - MSSS e q s.
eO66SauyzWxsnazal, By ths following
named peEssns: George II. Rea. of St. Louis,
Missoafi; Adolph 6chreiber, A. X. Miller,
James T. Tucker. A. +. Elliott, 0. F. Va
lette. v. g. de rIsle, Charles j. Carriere,
Alphonse Bobet, Silas Weeks and Joseph
ana, their associates and successors, by
subscription, purchase, transfer, or sue
cession, are hereby created body po-
lltic and corporate. for the purposes and
with the privileges a. herewith set forth,
in deed and in law, to be known by the
name. style and title of ''The New Orleans
and Rio Janeiro Steamship Company"
and by that name shall be able to sue and
be sued, implesd and he implicated. and
make and have q common seal; and the
said corporation is hereby authorized and
empowered to carry by steamships the
mails, freights and passengers from the
United States of North America, via the
port of New Orleans, to the West India
islands, and the various ports and rivers of
eastern South America, ana especially to
the ports of the empire of Brazil, and vice
versa to New Orleans; to issue warehouse
certificates ION receipt of merchandise
signed by the agent of the company, which
shall be negotiable and transferable by in
dOrsement: to make and execute mortgages
and issue it's bonds secured by the property
of the corporation: to build, own, possess,
receive, purchase, charter, sell, mortgage
or pledge steamships and other vessels,
with their appurtenances and all necessary
machinery; to acquire by purchase, lease or
otherwise. all necessary property, real
and personal estate, warehouses. wharves.
houses, landings, DOCKS for repairing and
building vessels, railroad track connections
with warehouses and landings, and also all
other necessary appliances for receiving
and delivering, storing, loading and dis
charging freights and merchandise Of all
kinds from or into said steamships, vessels
or barges belonging to or controlled by this
corporations; and with the power under
their corporate name to hold, sell, barter or
convey tho same whenever deemed expedi-
ent for the interests of the company by its
directory; to open and to work mines; to
issue fire, marine and life insurance policies
on freight. merchandise and passengers
transported by their own steamships or
ether vessels.
SEC. 2. Be il further enacted. etc. That
che capital stock of said company shall be
fixed at two million dollars. III shares Of
one hundred dollars, with power to said
company to increase the same to five mil.
lion dollars; provided, that no increase of
new stock shall be Issued until the previous
two million dollars issue OF stock shall have
been subscribed for and paid up. Said
corporation are hereby authOrizedtO open
books Of subscription to the capital stock
per oentum on the amount Of subscription
shall be made at the time of subscribing:
the subsequent payments shall be made in
such sums. at such periods. and under such
regulations as shall be fixed upon by the
directory; the stock Of said company shall
be deemed personal property. and shall be
transferred ON the books of the company az
such transfer Office or Offices as the directory
may establish, and under such rules and
regulations 40 they may prescribe; the stock
subscription book shall remain open through.
out the year, with the exception of being
closed ten days previous to the time of the
biennial election meeting OF the stockhold.
ers.
SEC. 8. Be it further enacted. etc.. That
the legal domicile or place Of business of
said company shall be established at New
Orleans, with the power to establish branch
offices in other cities of the United States or
in foreign countries; all services of protest
Of citation shall be made at sai6 dOmicile
upon the president of the company, or, in
case of his absence. upon the secretary;
that this corporation shall have power and
authority to hold, enjoy and maintain their
corporation privileges, hereby granted, for
the term of twenty-five years from Che date
Of these presents, un1ess sooner dissolved,
a. hereinafter provided.
SEC. l. Be it further enacted, ETC.. That
the original organizers of the corporation.
az hereinbefOro mentioned. are hereby en-
powered and authorized 60 serve and hold
their official positions therein until the third
Thursday in February, 1873, when the frat
biennial election meeting OF the stockhOld-
ers of the company shall be held. to elect
the necessary constitutional officers for the
following two years, according to the rules
and regulations Of this charter and by laws.
The board of directOrs are fully empowered
60 make such rules. regulations and by laws
fOT the government OF its officers and EN-.
plOyes. and che management Of it's bust.
nsss, as they may deem necessary for the
interests and welfare Of the company; they
may ill vacancies that may occur in the
board of directors; and may in the name
and On behalf Of said company mako such
contracts, enter int such arrangements.
and do and perform all such acts as they or
q majority Of them may deem proper. con
ment Of the objects fog which the company
is hereby created.
SEC. 5. Be it further enacted, ETC.. That
for and in consideration Of the immense
commercial Importance, benefits and future
greatness the organization of this direct
steamship trade to Brazil will render to the
whole Mississippi valley. and especially to
New Orleans and to the State OF Louisiana,
that the steamships Of said company en-
ployed in the line hereby established shall
be exempt from wharfage dues tor period
Of five years.
SEC. 6. Be it further enacted. ETC.. That
the mode of proceedings at meetings Of the
board of directors shall be in accordance
with the coverings and rulings of the bv-
laws of this corporation. The signature Of
the president. with the cOuntersign OF the
and the impress Of the seal of the
company, shall be binding on all matters
within their delegated powers on account
and for this corporation.
Sec. Z. Be it further enacted. ETC.. That
the treasurer shall, when required. give q
bond in favor of the president Of the COM
psny for such amount as the directory may
determine upon, with two approved securi |
ties, for the faithful performance OF his
duties; he shall have the custody of all
moneys belonging to the company, which |
he shall deposit in such depository or de- |
positories a. the finance committee may
designate. It shall be the duty of tho Sec
rotary to keep q correct record of the pro-
of the board of directors, and of !
all transactiOns, accounts, property, bust.
ness and affairs of the company; he shall
have the safe keeping of all certificates of /
stock, bills receivable, deeds and mortgages,
the corporate seal of the company and the |
&c H. Oh Ill