The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-06-22
CHARTER.
STATE OF LOUISIANA.
PARISH AND CITY OF NEW ORLEANS.

/ - 4NOWN. THAT YIN IHlS Thirty,
one thousand eight hundred and seventy
ffe a,t a slsss. Of the indepsndence Of the
and first before me. Andrew Hero, .Jr.
ssiY = MY 61 = s}ats 4 IoSisla%s
presence, Of the witnesses hereinafter named
and undersigned, personally. came and APP
Mo bae yns
State relative 70 tka organization If corpora
ity. they nave Contracted and agreed, and SO do
BY these presents covenant and agree and bind
bhemsfs9 Hr as well as such persons as may
and constitute q corporation and body polite in
law. for the objects aud purposes and under the
| stlpulatlons and articles following, to wit
| ARTICLE FIRST.
Th Sa apa TIE & said Sn sha
TRANsPoRTATfoNS 11 coMPANY. and and By that hat
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,
use and nave corporate seal: to name and aD-
| point such managers, directors and officers. as
Its business may require; and to make and es-
and pp Of TT the e Of sad
| poratton as may be deemed necessary.
ARTICLE SECOND.
| The domieile of said corporation shall be in
the city OF New Orleans. state of Louisiana, and
citations and 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 1t, are to procure
and to maintain good and sufficient number
OF steamboats, or other vessels, for the transpor-
talon, for compensation, :, OF passengers,
freights, the mails. ETC., and the transaction of
and all ana NTH o the ene
more lines Of steamboats, IRON the city Of New
Orleans to al points on the Mississippi river;
| and its tributaries. and more especially on Red
river: the creation OF a freight express, and
| the underwriting or insurance OF any and all
articles of freight or commerce entrusted to
| said company. as public carriers, as we'll as OF
| the steamers employed by it, SO as to afford and
grant better facilities to the nhabitants Of such
| sections to- forward and convey freight and all
| products to and from New Orleans, and create,
maintain and continue freight express
ARTICLE FOURTH.
The capital stock of eaid corporation is hereby
declared to be ten thousand dollars, represented
by tive hundred shares of the sum of fifty dol
payabe IN cash on demand and t. remander
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 all share or shares of stock upon
which any tDstallments may be due in favor of
may dispose Of such forfeited stock at public or
private sale for the use and benefit of said cor
poration. No stakeholder 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
ad ana tine bs OF
diminished, or the interest OF such stakeholder
| in this corporation entirely cease and deter
mine. as also may the capita! stock of this cor
| poration be incrf ased or diminished or re-
| duced, in such manner and under such regu-
lations as the bylaws or directory Of this com
| pany may from time to time prescribe.
ARTICLE FIFTH.
| All powers of this corporation shall be vested
| in Board of Directors. composed Of five stock
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
o A i Marion s1 n W. WOOD Henry Brnser
| Isaac Fl. Kouns, and Frederick "; Ames.
Th the Joseph Bsreb1 ds Aiken as
have been chosen and selected as the first
Board Of Directors. and shall hold office until
eight hundred and seventy eight or until heir
successors shall have been duly elected On the
last Tuesday Of June in each year an election
for directors shall take place ut the office
domicile of said corporation, under the superin-
tendence q three cqmmlssloners, to be appoint
eel by the Board OF directors; OF which election
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 majority Of votes cast sha
elect. and each share of stock shall be entitled
to Que VOTE either in person or by proxy. Any
whatever. shall be filed by. election by the re-
naming directors. Three directors shall form
point such officers, clerks or agents and other
employees as may be deemed necessary for the
| business of this corporation. and have full
power to make and establish, as we'll as change,
| any and all by laws. rules and regulations for
the 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 thrfe-fourths of the
capital thereof. at any general meeting of the
| stockholders Of said corDor 4tion. convened for
such. purpose. after ten days notice Of such
meeting shall have been given in two news
| papers published in the city of New Orleans.
ARTICLE SEVENTH.
This corporation whenever dissolved, either
| by termination OF it's charter or from any other
cause whatever. shall be .liquidated by three
commissioners to be appointed by the board Of
| directors, who shall remain in office until the
| final settlement and liquidation of said COM
| pany's affairs.
ARTICLE EIGHTH.
| No stakeholder shall ever be held liable or re-
sponsiple for the contracts or faults OF this
| poratiOn in any further sum than the unpaid
balance due to the company on the shares
| owned by him.
ARTICLE NINTH.
The names of the stockholders, together with
the respective number of shares held by each,
are for the present declared to be as signed and
| set opposite the respective names of the parties
hereto
Thus done and passed at my office. at New
Orleans. aforesaid. in the presence of Charles
III. Stocker and Paul a. Conand witnesses, both
of 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. 10
CHAS. 2. TRU SLOW ...... 10
JOS. A. AIKEN.............. 10
d. N. WOOD.-........-...... IL
Fl. J. BRINKER. ........... 10
T. w. AMES. .........-.,..... 8
g. W. REA. IL
C. H. $TocKEka. Gnu 0'nSfS
P. A. CONAND.