The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-06-30
CHARTER.
arATE OF LOUISIANA.
PARISH AND CITY OF NEW ORLEANS.

| DE IT KNOWN. THAT ON THIS. Thirty
one thousand eight hundred end seventy q.
ff ntea e States q Of America the one hundred
and first. before me, Andfsw Here JT "a
s9 y p SsW dfya saa sae me IL ' Gfosa
duly commissioned and qualified and In the
| presence Of the witnesses hereinafter naned
| and undersigned, personally. came and ap-
peared the several persons whose names. are
hereunto subscribed. who declared that avata,ng
ssS % the e q II
| tons for works Of public improvements and utll-
ty they have contracted and agreed, anu sp ag
themselves. as well as such persons as may
| hereafter become associated with them. tq form
aWa for the oses and and and under the
stipulQttons and articles following, TO Wit
ARTICLE FIRST.
BE- THg NEW phLANs ia AND Il. lib yMivlIiR
| TRANSPORTATION COMPANY. and BY that
succession and Exist t for The S fa term va md
period Of twenty I'VE years, commencing from
Lord one thousand eight hundred and seventy
seven; to contract sue and be susd:+ to make
use ana hye az seal 70 nama ad ap
Its business may require! and to make and es@
tablish such By Jaws for the = PROPER al!anase-
pofation 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 corr
pofhtion is established. and the nature Of the
business to be- carried on by 1t. are to procure
and to maintain u good and sufficient number
Of steamboats, or other vessels, for the transport
talon. fpf eompebsation, J. Of passengers
more lines o., steamboats, rom the city Of New
and its tributaries. and more especially on He'd
river: the creation Of d freight express, and
es # se Or q any 90
said company, as public carriers. MS well as OF
the steane rs employed by It. SO as 70 afford and
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 said CORPORATION ID bsrsiy
declared to be ten thousand dollars, represented
by TIVE hundred shares Of the sum Of fifty dol
payabe in cash On on dsmapd and f. reandeg
Of each share shall bs paid at such times and In 4
speh amounts as the Board Of Directors may
to meet and pay the calls Of instalfments of his
stock. ordered BY sdd soard Of Directors. With
such nstalmehts being due and payabie shall
forfeit any and all share or shares OF stock upon
which any installtnents may be due irI favor Of I
may dispose OF such forfeited stock at public or
private sale for the, use Iand benefit of said cor
stock, nor shall any transfer bs nads thereof. +
unless by the consent o.. vote Of two-t thirds Of
the actual amount Of capital stock subscribed
stock Of any stakeholder may bs Increased or
diminished, or the interest OF such stockholder
In. this corporation entirely eease and deter
mine. as also may fheeapifal stock Of this cor
Dotation be increased or diminished or reg
Gaged n 5 t manner and Under saeh reg
pany may from time to time preseriba.
ARTICLE FIFTH.
:. All powers Of this corporation shall be vested
in Board Of Directors composed Of five stock Il
holders Of this corporation, but the number ].
thereof may however. ut any time. be increased II
t2 seven By 9 vote Of two-tbirds u amount Of Il
Aifen Marion s4 n W. Wood Kenrv B yRss
lssse f f. Kouns, ana Tradsfiek Y; Ames.
their president, are, hereby. declared 70 il
have been chosen and selected as tho first II
Boaad a. Of Dreetofs and shall hold office until
eight hundred and seventy eight, or until their 4
successors shall have teen duly elected On ths II
for directors shall take place ut the office or ii
domiclo OF said CORPORATION. under the superiu-
~ g 3 rYe 81 rnsr n X b9 p
ten days prior notice shell be given in one 81 n
Tie daily newspapers published In the city Of I'll
shall serve until their successors shall have Il
s sssa elected s majority q votes cast shall
to que vote. either in person or by proxy. Any III
vacancy occurring in e id board from any eapse II
shall be filed by election BY the re-
. quorum. and said board OF directors shall ap-
point such officers clerks or agents and other
employees ss may be deemed necessary for the II
business Of this corp ration. and haye full Il
power to make and establish, as well as change
my and all bylaws. rules and regulations for 4
cpf fff
business Of said corporation
ARTICLE SIXTH.
This act Of incorporation may be changed.
modified or altered. or this corporation dis
solved with the ass mt Of three-fourths of the
'apital thereof. at any general meeting Of the 4
stockholders Of said eorpor ton. convened for
Meeting shall have been given in two news Ii
papers published in the city II New Orleans.
ARTICLE SEVENTH.
This corporation whenever dissolved. either
,ause whatever. shall be liduidated BY three 2
commissioners to be- appointed by the board Of
inal settlement and liquidation Of said COM
)auYS affairs.
ARTICLE EIGHTH III
No stoekholder shall ever be held liable or re- v
ponsioie for the contracts or faults Of this cor
,oration in any fur her sum than the unpaid
'alhneg Due 10 the company on the shares
'wned by him.
ARTICLE NINTH.
The name Of the stockholders, together with
ho respective number Of shares held by each.
re for the present declared to be signed and III
ST opposite the respective names Of the parties
eretO. IN
Thus done and passed at my Office at New ii
orleans. aforesaid. in the presence Of Charles N
/ Sfocker and Paul A. Conand. witnesses. both
i this city, who hereunto sign their names
1ith the parties and me- the said notary, the day
nd date aforesaid.
Original signed: Shares. III
NOAH sCOvELL. ...... 10
Caa5As, r TGU5LoW~.... 10
Jos, a; AIKEN...,.......-a. 10