The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-06-20
CHARTER.
CHARTER.
STATE or LOUISIANA.
PARISH AND CRY OF NEW ORLEANS.


United States, q America. Tie eae hundred
and first, before me, andrew Hero Jr..
eg Il New dea ana sae the Of pIfts ana
duly commissioned and qualified and In the
presence, OF the witnesses hereinafter named
peared the several persons whose names are
hereunto subscribed, who declared that availing
thelnselyes Of the provisions Of the laws Of this
lions for works Of public Improvement and uti-
ity, they have contracted and agreed and 50 do
by these presents covenant and agree and bind
themselves. as well as such persons as may
hereafter become associated with them to form
and constitute o corporation and body polite In
law, for the objects and purposes and under the
stipulatlons aud articles following, to Wit
ARTICLE FIRST.
The name and Tile Of said CORPORATION shall
TRANSPORTATION COMPANY and by that
name shall have power and authority to enjoy
succession and exist for the full term and
and after the first day Of July In the year of our
Lord one thousand eight hundred and seventy
seven; to contract, sue and be sued; to make.
point such managers. directors and officers, as
Its business may require. and to make aud es-
tabsh such bylaws for the proper manase-
inent and regulation of the affairs of said cor
poration as may be deemed necessary.
ARTICLE SECOND.
. me Homtcite Of sa1d corporation shall be In
the city Of New Orleans. State Uf Louisiana. and
on the President of the board Of Directors OF
said corporation.
ARTICLE THIRD.
The objects and purposes fox which said cor
poration is established. and the nature of the
business TO be carried on by 1t. are to procure
aud to maintain good and sufficient number
81 STEAMBOATS, or other vessels for the transpur
tation, for compensation, Of passengers,
n mn tltz trpf siif,t, ri
any and all business connected with the rum
ming, .charterng and maintaining Of one or
orleans nt e al pens on the yer
and Its tributaries. and more especially on Red
river; the creation Of freight express. and
articles OF freight or commerce entrusted to to
said company. as publ 10 carriers, as well as Of
the steamers. employed by 1t, So as to afford and
grant better facilities to the inhabitants OF such
products TO and from New Orleans. and create.
maintain and continue a freight express.
ARTICLE FOURTH.
The capital stock of said corporation is hereby
declared to be ten thousand dollars represented
by TIVE hundred shares Of the sum of. fifty dol
lars each five per cent of each share shall bs
payable In cash on demand, and tn q remainder
Of each share shall be paid at such times and In
such amounts as. the Board of Directors may
to meet and pay the calls Of installments of his
stock, ordered BY said Board Of Directors. with
In thirty days from the publication OF notice Of
such installments being due and payable. shall
forfeit any and oil share or shares Of stock upon
which any tnstalments may be due In favor Of
said corporation; and the Board of Directors
may dispose. OF such forfeited stock at public or
private sale for the use and benefit Of said cor
poration. No stoekholder shall dispose OF his
stock, nor shall any transfer be made thereof,
Unless by the consent or vote OF two thirds Of
the actual amount OF capital stock subscribed
of said company; and the amount of capital
stock Of any st9ekholder may be increased or
frip un fIrt hf. tftpb bald tSs
in this corporation entirely cease and deter
mine. as also may the capital stock of this cor
pora a be increased or diminished or re-
lations as the laws or directory Of this com
pany may from time to time prescribe.
ARTICLE FIFTH.
All powers Of this corporation shall be vested
in q Board of Directors, composed of five stock
holders Of this corporation, but the number
seven by vote u " in amosa q
The capital stock q this corporation. joseph
sa Ak1p M Mass n nd woRa Hsay Br nsr
heir president are. hereby declared to
have been chosen and selected as the first
he first day of July of The year one thousand
sight hundred and seventy eight or until their
shall have been duly elected On the
or directors shall take plaee at the Office or
lomicile OF said corporation. under the superin-
endence q three commissioners. to be appoint
EN- days prior notice shall be given in one of
he daily newspapers published in the city Of
New, Orleans: and tho directors then elected
leen elected majority Of votes cast shall
,lect. and each share Of stock shall be entitled
9 Que vote, either II person or BY proxy. Any |
naming directors. Three directors shall form |
| quorum, and said board of directors shall ap-
mi ntn tn J-tt.
employees as may be deemed necessary for the |
business of this corporation. and have full |
'ower to make and establish. as we'll as change. |
my and all bylaws. rules and regulations for |
he support and management of the affairs anu |
BUSINESS of said corporation.
ARTICLE SIXTH.
This act of incorporation may be changed. |
modified. or altered. or this corporation dis |
olyed With tho assent Of three-fourths Of the |
anital thereof; at any general meeting Of the |
toekholders OF said corpor 7tiQn. convened for |
UGH purpose after ten days notice of such |
Meeting shall have been given in two news |
'apers published In the city OF New Orleans
ARTICLE SEVENTH.
This corporation whenever dissolved. either |
" termi nation OF its charter or from any other |
wasyer s pa be audd h By three
directors, who shall remain in office until the |
lnal settlement and liquidation of said COM
'any's affairs.
ARTICLE EIGHTH.
No stakeholder shall ever DO held liable or re- |
ponsiDle for the contracts or faults OF this cor
'orat1on In any further sum than the unpaid |
alance due to the company on the shares |
wned by him.
ARTICLE NINTH.
The names OF the stockholders together with |
he respective number of shares held by each |
re for the present declared to be as signed and |
ct opposite the respective names of the parties |
ereto.
Thus done and passed at my office. at New |
lrleans. aforesaid. In the presence of Charles |
]. Stocker and Paul A. Oonand. witnesses, both |
4 this city, who hereunto sign their names |
With the parties and me. the said notary the day [
md date aforesaid
Original signed: Shares.
NOAH SCOvELL. .......,... 10 |
CHAS. Z. TKUsLOW ...... 10
los AIKEN IN