The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-06-07
CHARTER.
STATE OF LOUISIANA.
PARISH AND CITY OF NEW ORLEANS

enc thousand eight hundred and seventy
Des sn ss Of If A hs s aa ,s
eG y u D New ds ana the 81 D Tda 1a
= aaee Of the witnesses hereinafter named
afds undersigned, personally came and APP
themselves Of the provisions of the laws of this
State relative to the organization of corpora
lions Tor works of public Improvement and uti-
ity, they have contracted and agreed, and SO do
~ these presents covenant and agree and bind
1hnem a,3G as well as such persons as may
ana constitute corporation and body polite in
Iaw tor the objects and purposes and under tho
supuhtaohs ana ARTICLES following, to Wit
ARTICLE FIRST.
The name and title of said corporation shall
Transportation COMPANY. and by that
succession and exist for the fun term and
period Of twenty-fly years. commencing from
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 have @ corporate seal; to name and APP
point such managers directors and officers, as
its business may require; and to make and o.
absh spch o fh the ma
poration as may be deemed necessary.
ARTICLE SECOND.
The domicile Of said corporation shall be in
the city of New Orleans; state Of Louisiana, and
tic aad o ne Bgs1d y hf sa
said corporation.
ARTICLE THIRD.
Theobieets and purposes for which said cor
poration il established. and the nature of tho
business to be carried on by 1t, are to procure
and to maintain q good and sufficient number
III steamboats, or other vessels for the transport
tMtioD for compensation, OF passengers,
freights. the ma Is, etc. and the transaction OF
any and oil business connected with the run
ming, ,chartering and maintaining Of one. or
mi n I'M i'm nj Mnr
Orleans to all points on the Mississippi river,
and its tributaries. and more especially on Red
the pnderwriting or insurance of any and all
articles of freight or commerce entrusted to
said company, as PUBLIC carriers. as we'll as Of
grant better facilities to the inhabitants 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 said corporation is hereby
declared to be ten thousand dollars, represented
by two hundred shares of the sum Of fifty dol
payable in cash on demand, and tie remainder
OF each share shall be paid at such times and IN
direct. Any stockholder neglecting or refusing
TO meet and pay the calls of insfallments OF his
stock. ordered by said Board OF Directors, with
such instainene being due and payable shall
forfeit any and y share or shares of stock upon
yaa end sy Bad Pc dpe brs y
may dispose Of such forfeited stock at public Or
private sale for the use and benefit OF said cor
| stock. nor shall any transfer be made thereof.
unless by the consent or vote Of twosthirds of
aGtpe 81 ga Ib soeR y
stock q, any stockholder may be increased or
diminished, on the interest OF such st0ckholder
mne as also may The capital stock Of this cor
poration be incrt ased or diminished or re-
duced. in snch manner and under such regu-
lat a1 la arlp rI rf p1
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
ihe capital stock of this corporation. joseph
Isaac +. Kouns, and Frederick Y; Ames.
With sthe sad Joseph A. aiken as
Board Of Directors, and shall hold office until
the first day OF July OF the year one thousand
successors shall have been duly elected. On tho
last Tuesday q June In each year % electiGA
domicie OF said corporation. under the supexiu-
tendence Of three commissioners, to be AnrQtnt-
cd By the. Board OF Directors; Of which eti0n
ds1 p5asn nSs' ans fssa u
| New. Orleans; and the directors then eI9cted
shall serve until their successors shall hare
elect. and each share Of stock shailbo entitled
to one vote, either in person or BY proxy. Any
s pss e q b eeon f 81 s r
naming iireH0rs Three directors shall form
quorum. and said hoard Of directors shall ap
employees az may be- deemed necessary forthe
! business Of this COOPERATION, and have full
power to make and establish as well q change
| any and all bylaws. rules and regulations for
| the support and management Of the affairs and
business Of said co4 poration. Il
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
capital thereon. at any general meeting Of the
81 a ssa en aas
meeting shall have been given In two news
papers published in the city Of New Ofleanss
ARTICLE SEVENTH & FL {
This corporation whenever dissolved It3tqf
by Termination oil Its charter or from 4I4y Other
| cause VIII atsver. shall be liduidated by three
commissioners to be appointed by the board Ut
final settlement and liquidation OF SAID com
pany's affairs.
ARTICLE EIGHTH.
/ No stakeholder shall ever be held liable or re-
spoDsioe for the contracts or faults OF this corr
poration in any further sum than the unpaid
balance due 10 the company on the shares
owned by him.
ARTICLE NINTH. a
The names of the stockholders, together willx
the respective number Of shafes held by each
are for the present declaredt to be as signed ana
set opposite the respective names OF the Darfte9
hereto
Thus done and passed 81 my Office. at Ne4
Orleans. aforesaid. in the presence Of ChatIeE
Fl. Stocker and Paul A. Conand, witnesses, b6f1t5
OF this city. who hereunto sign their nanao4
with the parties and me. the said notafy, tho daf
and date aforesaid. 10 ~
Original signed: % Shares.
CHAS. ?. TkUsL0V ~. 10
JOS. A. AIKEN. 10
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