The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-06-28

STATE OF LOUISIANA.
PARISH AND CITY OF NEW ORLEANS

one thousand eight hundred and seventy
seven, and of the Independence OF the
United States Of America the 9 Heb hundred
o eGaf Sf pNS New 6rs ans S{ate Of Iosisaaa
duly commissioned and aoai91 t and 10 .eg
poared tho several persons whose names pr,
hsrsunto subscribed, who declared that avatling
| themselves of tho provisions Of the laws OF this
| State relative to the. organization OF corpora-
| tioDs for works Of public Improvement and util-
| ity they have contracted and agreed, and so dg
| by these presents covenant and agree and bind
| themselves. rs well rs such persons as may
hereafter become associated with them, to 70 form
and constitute q corporation and body polite ID
stipulations and articles following to wit
ARTICLE FIRST.
The nome and tile Of said corporation shall
be TUE u e. my .E , 9hIAas AMP RED hyEa
name Shall have ' power and athori R to ~ snioy
| succession and exist for the fun term and
period Of twenty FIVE years, commencing from
lord one thousand eight hundred and seventy
seven. to contract, sue and be sued to make.
use and have corporate seal to name and APP
Its business may require. and to make md es-
tabish such bylaws for the r. proper MANAGE I,
ment and regulatilD OF tho affairs Of said cor
poration ms may bs deemed necessary.
ARTICLE SECOND.
The dOmicifB OF said corporation shall be In
the city Of New Orleans, state Of Louisiana. and
citations md other legal process shall be served
on the President of the Board OF Directors Of
said corporation
ARTICLE THIRD.
The objects and purposes for which said COR
poration Is established and the nature OF the
business to be carried on by it. are TO procure
and to maintain good and sufficient number
OF steamboats, or other vessels. for The Transport
talon, for compensation, OF passengers,
freights, the mails, etc. and the transaction Of
any and oil business connected with the run
ming, chartering and ma ntaining Of one. or
more lines OF steamboats, from the city OF New
Orleans e all points on the Mississippi riyor.
rv rive the ereaton Of iresht sNprss Vs. and
tho underwriting or insurance Of any and oil
articles Of freight OF, .commerce entrusted TO
the steamers employed by IL, 50 ms to afford and
grant better facilities to the inhabitants Of such
sections to foTard AID a freight and a
maintain and continue freight express.
ARTICLE FOURTH.
declared to be ton thousand dollars represented
by two hundred shares OF the sum of fifty dol
lars eaehi: five per cent Of each share sball be
payable In cash on demand, and w. remainder
OF each share shall be paid at such times aud in
such amounts as the Board Of Directors may
direct. Any stock holder negleetipg refusing
stock. ordered by said board Of Directors. with
In thirty days from the publication Of notice Of
forfeit any and all sbere or shares Of stock upon
which any ipstallmehts may be due in favor Of
spsa 81 oe ., pne 9s
private sale for the use and benefit Of said cor
poration. M stoekholdsr shall dispose OF his
stock, nor shall any transfer be made thereof,
unless By the consent or vote Of two-thrds Of
the actual amount of capital stock subscribed
Of said company; end the amount of capital
stock Of any stakeholder may be increased or
diminished or the interest of such stakeholder
in this corporation entirely cease and deter
poration be ncr. ased or diminished or re-
dueed, in such manner md under such rsgu-
latiops rs the by laws or directory Of this conl-
pany may from time to time prescribe. y
ARTICLE FIFTH.
All powers Of this corporation shall be vested
holders of this corporation but the number
thereof may however, at any time be increased
TO seven by vote Of 'two-thirds in amount OF
AIKEN Marion n va Wood d. H Po B sRsse
Isaac Il Kouns and Frederick "; Ames.
hs h p hs s@ 5ese Bsrebz se Aksa
have been chosen and selected as the first
Board Of Directors, and shall hold office until
eight hundred and seventy eight, or until their
successors shall have been duly elected On the
last Tuesday Of June in each year an election
Tor directors shall take place ut the office or
1onicle OF said corporation, under the superin--
q three cqmmissioners. to be appoint
ten days prior notice shall be given in one Of
The daily newspapers published in the city Of
New, Orleans; ,and the directors then elected
been elected u majority Of votes cast shall
elect. and eaeh share of stock shall be entitled
vote hr II RI 9 Any
whatever shall be filed by, election by the re-
naming directors. Three directors shall form
q quorum and said board Of directors shall APP
point such officers, clerks or agents and other
employees as may be deemed necessary for the
business OF this corp ration. and have full
n tn mi kn and uru
my and oil by laws. rules nnd regulations for
,he support and management Of the affairs and
business OF said corporation.
ARTICLE SIXTH.
This act Of incorporation may be changed.
modified. or altered. or this corporation dis
solved with the assent OF three-fOurths OF the
,apital thereof, at any general meeting Of the
stockholders Of said corpor tion, convened for
meeting shall have been given in two news
papers published In the city Of New Orleans.
ARTICLE SEVENTH.
This corporation whenever dissolved, either
1y termination OF its charter or from any other
,auss whatever. shall be .liuuidated by three
directors who shall remain in office until the
ina settlement and liquidation Of said com
Jany's affairs.
ARTICLE EIGHTH.
No stakeholder shall ever be held liable or re-
'ponsDe for the contracts or faults Of this cor
)olhbioH ~ any luz HeE sum bnan the unpaid
balance due TO the company on the shares
owned by him.
ARTICLE NINTH
The names Of the stockholders, together with
he respective number Of shares held by each,
ire for the present declared to be as signed and
vet opposite the respective names of the parties
hereto.
Thus done and passed at my office. at New
orleans, aforesaid. in the presence Of Charles
j. Stocker and Paul A. Conand witnesses, both
II this city. who hereunto sign their names
With the parties and me. the said notary, the day
and date aforesaid.
Original signed: Shares.
NOAH SCOvELL. .......c... 10
CHAS. p. TkUsLOW. ...... 10
JOS. A. AIKEN. ...e........ 10