Clipped From The Times-Picayune

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 - something extra for the fan." t CHARTKS. gTATS...
something extra for the fan." t CHARTKS. gTATS OP LOIJ1SIANA, PARISH OF ORLEANS, cm of m Orleans. Bl IT KNOWN. That on the sixth day of January, tat the year of our Lord on thousand eight hundred and sixty eight, aad of the Independence of the United States of America the ninety - second, before me, Edward Ivy, a notary pabUe In and for the parish of Orleans, state of Lonfatana, duly com - missioned aad esallned, sod in the press nee of the witnesses hereinafter aaased aad undersigned, personally cams and appeared, the parties hereinafter named and undersigned, who declared that - availing themselves of the provisions of the statutes of Loniaiena relative te the organisation of corporation they do by these presents form thent - r elvesJnte aad constitute a oorporation for the following specified objeots aad under the following stipulations, to wit : aeticle l - The oflleial same of the Corporation shells e the M18iSI8toIPPI V ALLEY NAVIGATION COMPANY OF TUi BOOTH AID WB&T, and it shaU hare a corporate seal, with the name of the Company thereon. t ABTICLB IT. The business and legal domietl of the Company or Coreoration shall bo in the eitv of Hew Orleans. subject to removal only by a vote of thiee - fonrths ox tne Btoeanoiaers. ABTICLB m. The object Of this Company la to construct or otherwise, to procure and maintain one or moie steamboats or other vessels, to run on or navigate the Mississippi Biver, or its tributaries, for the - ootdoso of carrying freight mails and passengers. and generally to exercise such Incidental sowers ana privileges as are nereoy or may nerearter do conferred oa inem mr me purposes aioresaia. ARTICLE IV. The President of the Company thus formed is hereby constituted the officer on whom citations may be served. ARTICLE V. The capital stock of this Corporation Is hereby fixed at five Hundred Thousand Dollars, represented by five thousand abareeof One Hundred Dollars each. Ten per cent, of each subscription shall be payable in conformity with Artiole XII, and the remainder shall be paid at the time and la the manner nrescribed by the Board of Directors. provided that not more than ten per cent, of said subset iption shall be called for at any one time, and not oftener than once in thirty days, and provided alaothat ths Comnanv mar commence busi ness at any tinre the Board of Directors mav deem It advisable to do so. The capital mav'be in creased to an amount not exceeding One Million of Dollars, by a vote! representing two - tniras oi toe capital stoea oi rive nunorea inousana vouara. ARTICLR VL Thvea - firarths of the Stockholders In cattltal shall have the power to v lnd up and aettle the business aad affairs of thet Company, at any time durirg its existence, or of mking bay modification, additions or changes to this act, on giving sixty days previous notice in two oi uie news paper pubiisnea in tot city. ARTICLE VII. The Board of Directors at an early day shall - nrocetd to elect the Officers of ths Cornoration. which shall consist of a President, Vice Piesldent Treasurer, Secretary, Superintendent, aad such otber offieers as they may deem necessary ; the two first oi which snail be from tneir ownnumoer. ARTICLR VIIL The term for which this Corporation li formed than oe twenty nve years. ARTICLR rr. Bsc L. The reiu'ar meetinas of the Stockhold rs of the Comnanv shall be hold annually, com menclna - on the third Hondsv of December. 1868. - at which time a maiorltv in capital shall choose twenty of their number to serve as Directors for the ensuing year, who shall form and constitute a Board of control for tbe management or tne anairs of the Company for the following year, or until their successors are appointed, and until the election of Directors as aforesaid. The following named persons shall constitute a Board of Directors to manage the affairs of said Companyiaany iniw wuon snsu constitute a quorum, vis: Thomss A. AdanuLWllUam Wbann, Charles Briggs, William 8. Pike. William Creevv. A.fred Moulton, Geo A. Fosdick, and David DeHaven. - Sac S. A failure to elect Directors at a regular meeting of the Stockholders shall not dissolve the Comnanv. but the Directors then In office shall continue to exercise their functions until a new Rnaid ha elected. 8kc 3L Members ot said Board of Directors shall form a quorum to do business, and the Board of Directors shall have power to make and adopt all necessary rules and by laws forthe government of tbe Compel y ; provided the same do net conflict with tbe true intent and me liar, or this "Act of Incorporation" and the laws of this ' State. The Board of Directors may declare dividends fioia time to time as they may deem ad - virabl. Bsc 4. If aay Director shall cease to be a stockholder during his term of office it shall be declared vacated, or in the event of the death, permanent absesce, r resignation of any Director tbe Board shall have the authority to All the vacancy occasioned thereby. ARTICLR X. Wo stockholder shall ever be held liable or re sponsible for ti contracts or faults of aald com pany beyond tbe amount of his her or their stock in said company, nor shall any mere informality in the organization of said company have ths effect of rf udering the present charter null, or of exposing a stockholder to any greater liability than the uustt of his. dbt oi tbe ir stock therein. ARTlCLB XL Should any subscriber refuse or neglect to pay punctually b la, her or their Installment or Installments, as the same falls doe, interest at the rate of eight per cent, per annum shall be Added thereto from maturity until final payment, ami If any subscriber neglects or refuses to pay his ber or tbeir iostaUmeiita within thirty dais atter tbe specified " time of payment, the Board of Directors shall have the right f causing any share or shares upon - which as y Installment may be due, to be sold at auction, or to forfeit said share or shares, or to compel by suit V o payment of such Installment or installments, aa the - Board may deem advisable. ABT1CLK XIL Vo subscription to be binding until the sum oi lao hundred thousand dol era Is subscribed, when the first payment of ten per cent, shall be due and psyable. ARTICLE XIII. The f Ilowing named pet sons are Stockholders In isid compscy, sod sa snch are entitled to the number o shcrcs ot stock plsc - d opposite to their names respectively, to wit: w iinem ureevy, ueo. A. Fosdick. Tbos. A. Adsma Wo. Whann. alt Aloulfea. Charles Briggs, Jr., Win. S. Pike, D. De - tisven. And, in conclusion, the Stockholders nerelnbe - - fote named, in conui motion of the aforesaid stipu lation, covenants and agreements, ordained and . established by the present act for the purposes above mentioned, and to that effect only, nave - hereinabove subscribed their names respectively. 1 his done and passed at the city of Hew Orleans, afoiesaid the day. month and year first aVve - ' - wtit:en. in tbe piesence of Ueorse Clark and r AlcCL gw. in. witnesses of lawful age, domiciliated as id pamesaro me, notary. V fJcU fWAlX " . VaT IXaa - n AOJXAitS JVX, ZuUr; PabUo. to

Clipped from
  1. The Times-Picayune,
  2. 16 Feb 1868, Sun,
  3. Page 10

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