The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-06-02
CHARTER.
STATE OF LOUISIANA.
PARISH AND CITY or NEW ORLEANS.


DE IT KNOWN. THAT oy THIS Thirty
- first day Of May, In the year Of our va L9r
G ntoa s States d H@ s %a'psse e haadss
n noa rs pab hso5s ma h An ~ h nsr
city Of New Orleans, State Of Iopi.s +. 4,
duly commissioned and Qualified. and Ia tn
and undersigned, personally camo anu ap
peared tho several persons whose namos .. ar
hereunto subscribed WHO MI M. ay ~ HI,
State reiatiye 70 tie Equalization Of corpora
tlons for works Of public Improvement and MIL
by these presents covenant and agree and bin
themselves. us well as such persons as ma!
nefeal,ol Reooo NM NM bnGr notn
Jaw, for the objects and purposes and under th.
stipulations and articles following, to wit
ARTICLE FIRST.
be r5 TE Pa Oh & saa s2rp Rb VIII
THANsp0flTAT1ON COMPANY. and by lid
name shall have power and authority to enjol
period Of twenty-five years, commencing from
and after the first day Of July. in the ycar Of ou
Lord one thousand eight hundred and seventy
seven TO contract, sue and be sued to make
use and have d corporate seal to name and ~
point such managers. directors and officers. at
tablish such b, laws for the proper nnnae O.
ment and regulai on of the affairs Of said cor
poration as may be deemed necessary
ARTICLE SECOND. taai
The domicile Of said corporation shall be in
the city Of Now Orleans, state Of Louisiana. and
citations and other legal processrshal be- served
on the President of the Board Of Directors Of
said corporation.
ARTICLE THIRD Sud-. g.#
rho objects and purposes for which said cor
poration IL established and the nature OF the
business to be carried on by II. are 10 procure
OF steamboats, or other vessels, for the transpor-
tnton, for compensation, of passengers,
frcisbis. The mails, etc, and the transac,ion Of
ming. .charteting and maintaining OF one or
more lines Of steamboats,. from the city Of New
Orleans to oil points Oh the Mississippi river,
and its tributaries. and moro especially on Rod
river. the creation Of freight express, and
the. underwriting or insurance Of any and oil
said company, as public carriers. Ms well % of
the steamers employed by 1t, SO as 10 afford and
osfs as to the o.
products 10 and from New Orleans and create.
maintain and continue d freight express
ARTICLE FOURTH. M
The capital stock Of said corporation s hereby
declared to pc ton thousand dollars, represented
by tive hundred shares OF tho sum OF fifty dol
lars each, five por cent Of each share shall be
u eae aas nh b. pad II s sc tas and n
such amounts ps. the Board OF Directors may
direct. Any stakeholder negleetipg or refusing
stock ordered By aa t Board ~ u preors " wins
IN thirty days IRON the publication Of notice Of
such lnsualtueHts DeinK due ana payable. snail
forfeit any and al share or shares Of stock upon
which any lnstnllments may be DUE In favor 81
said corporation; and the Board Of Directors
pryae sae for tic i md bens e said cor e
porntion No stockholder shnll dispose OF his
stock. nor shall any transfer be made thereof
unless by the consent or vote OF tMO-thirds 1t
the actual amount OF capital stock subscribed
Of said company and the amount Of capital
diminished, or the Interest Of such stockRoider
In this corporation entirety cease and deter
mine, as also may tho capital stock OF this COR
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
AL powers q this corporation shall DO vested
holders Of this corporation, but the number
% my Sos q e II s
the. capital stock Of this corporation. Joseph
4 fs. Aikep Marion n Woed Henry DrInker
with the sad Joseph A. Aiken as
their president, are. hereby declared TO
haye been chosen chosen and selected as the fret
eight hundred aud seventy eight Or until ,neir
aepds1 q june IN esc ~ e Sa hs
for directors shall take place ut the office or
uomioie OF said corporation. under the superin-
90 by the Board OF Directors; of which election
ien days prior notice shall DO given. In oae Of
New oay eans @ fsep shed a the ty
shall serve until their SUCCESSORS shall have
been elected q majority Of, votes east shall
TO one vote. either In person or by proxy. Any
whatever, sha % il!Ied By, election By tbs g.
quorum. and said board OF directors shall APP
point such officers, clerks or agents and other
I business OF this corporation and have fs,ll
power TO make and establish. as well as change, |
any and oil bylaws. rules and regulations for
business OF said corporation.
ARTICLE SIXTH.
Tlis not OF Incorporation may DO changed. |
modified, or altered. or this corporation dis |
solved With tho assent OF three-fourths OF the |
capital thereof, at any general meeting OF the |
stockholders Of said corporation convened for |
such such, purRose aiter ten days notice Of such |
papers published In the city OF New Orleans.
ARTICLE SEVENTH.
This corporation whenever dissolved. either |
by termination OF its charter or from any other /
commissioners to be appointed by the board OF |
directors who shall remain Ia office until tho |
final settlement and liquidation Of said COM
pany's affairs.
ARTICLE EIGHTH
No stoekhoder shall ever be held liable or re-
spobsibe for the contracts or faults OF this cor
poratlon ia any further sum than the unpaid I
balance due 10 the company on tho shares
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 OF my Office at New
Orleans. aforesaid. in the presence OF Charles
Of this city, who hereunto sign their names
with the parties ard me. the said notary, tho day
and date aforesaid.
Original signed: Shares
NOAH SCOyELL 1919. 10
CHAS. L. TRUSIIOW. ...... 10
JOS. A. AIKEN. ............. 10 |