The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-06-19
CHARTER.
STATE OF LOUISIANA.
PARISH AND CITY OF NEW ORLEANS.

- FIRST day Of May. In tn9 year OF our ,a my,u
seven sew and and OF the Independence d ths,
UniteC St@ies vi hMeriGH. enu V Jr. ~ a
notary public in and for the parish and
city oil new orleans, stare o! Louissis.uhsss
duly commissioners anu ailnso. anu IA sn
presence Oh tne Witnesses nerelmmlef and r aY'.
and underslgneu; peTsonaly came I'LL I'LL ~ ~.
Peareh the Or Maos9 3t =.
heTeunSo III ~ ~ ., s ~ III ths
State relative 70 the ORGANIZATION Q. corpot9
ions lor wOIks oi puuY IN 9 ~ ~. so IN
by h tss PRESENTS covenant and agree and bind
tuemssiVeS W. wen w su9n pba t 4 f fr,,
hereafter become VIII VIII bn9 o ~ n
law Tor the oblscls and PURPOSES ana naaer inc
stlpulatiohs ana articles loiioWihs' W wiz
ARTICLE FIRST.
i name EN- Iie r q sa' nf Rmt ~ tu WV
pe IHE nEW r, UhLANs. AM HEg ~ III
sa ~ h. au ~ a .iinS
succession and exist for the fin term andl
psIio9 ~, ol iWeahIy.lve ysaLsi cgmMenons fIo, .
nn o ~ tna. W y. ~ ~
So ,a ~ ~. vvnsiae. su9 anu ~ suna
ne e1 an sne naye se and
IT. Rusia aea nay reduiLe' hnd 10 mse anu
taosh sucn p,-aWs for me proper nana as.
porat1on us may Do deemed necessary
| ARTICLE SECOND 1
rba aomioila ~ said cnrnoratioo shall bo I'll
In ~ uo i ~ saiu s M snaIl pe vi
she eley OIL Mew nr9ans n,ve oa a ~
IT, and G,ner le5a process sna DC served
sald corporation.
| ARTICLE THIRD
rha ot;oo.s "a ,'nr.,a.,as = .,,,,o,, s.,d oor
me oplects anH purpos's IF winch sald got
business to BE- carried on by It. ere to procure
ana 10 maintain good and SUFFICIENT number
81 steamboats, or other vessels for hetranspor-
"a. iop ipr COMPENSATION, OF passengerse
lreIgnts' tne ma Is. ete.. anu tne transaellon Oh
ming, ,eharteflng and maintaining q one or
more lines Of steamboats, RON the city Of New
Orlsa m u al points on the mississippi Tiyer;
FLYER; - the crsation Of freiabt cxprsss, and
The underwriting or Insurance. OF any and all
said company. as public carriers. as we'll as OF
the steamers employed By IT. 50 as to afford and
greds,sts e spa I'm NV orlsssns nd ersa'e
maintain and continue ., ,le,sn. express
ARTICLE FoOHIH.
The capital stock Of said e9rp,oration Is hereby
by two hundred shares Of the sum of fifty dol \
lars each. five per cent of each share shall be \
ysah Is1 ash a bs od and
such amounts as the Board Of. Directors may 4
direct. Any stakeholder negleeting or refusing
stock. ordered BY said board of Directors. with
In thirty days from the publication Of notice Of
s ssa4s aqs baqe a soe
which any lnstallments may be- due in favor of i
said corporation: and the Board of Directors
private sale for the use and benefit Of said corr
poratiop. N .stoekholder shall dispose OF hist
stock, nor shall any transfer be made thereof.
unless by the consent or vote of two-thirds OF Il
the actual amount of capital stock subscribed 4
Of said company. and the amount OF capital
stock of any stakeholder may be increased or
diminished, or the interest of such stockholder
in this corporation entirely cease and deter
mine. as also may the capita! stock Of this corr
rtnrn n i'm mi q mr. n
duced. in such manner and under such regu4
nany NAV from lime to II time prescribe 'n''
apmrrr T. r1pru
.,. ..
AL powers Of this corporation shaibe vested
IN o. Board OF directors composed of i've stock
nolders OF tnls cofporatlOn, put tne numDer
tereoI may. noWever' at my Iine De ineTeuseu
me Gsaplta, slock q IDS corporation. joseph
f. I.a nahgI' anns y, "o Enra M
with the sa d Joseph A. Aiken as II
their president are hereby declared to +
have been chosen and selected as the first
the first day Of July of the year one thousand IA
eight hundred and seventy-eight, or until thei1 4
successors shall have teen duly elected On the
as ainesday 81 1unS in each year an election
domiei q Of said cor nor,,tion nnder the 1terin
tendenee OF three commi esioners, to be APPOINT
ed by the Board of Directors: Of which election
ten days ,,lior notice shall be given in one Of /
New o oreas nna tbe reenTa n ben me fy II
snail serve until their. successors suall have
been elected; q majority OF votes, cast shall
elect. and each share of stock shall be entitled
to oae vote, either in person or by proxy. Any
vacancy occurring in i'd board from any cause
whatever. shall be filled by. election by the re-
maining directors Three directors shall form |
quorum. and said lard Of directors shall APP
point such officers, clerks or agents and other
employees as may be deemed necessary FORTH
business Of this corp ration, and have full
power 10 make and establish. az we'll as change,
any and al by laws. rules and regulations for
business OF said co poration.