Lambeth v. Vawter

In the month of October, in the year 1834, a number of individuals in the Parish of Natchitoches, agreed “to constitute themselves into a joint stock company, for the purpose of purchasing and running two steamboats, in the trade,” from that place to New Orleans; and they agreed to pay the sums annexed to their names, for the aforesaid purpose. It was further agreed, that the management of the funds and boats should be confided to a president and four directors, to be elected by the votes of the stockholders, each share to be entitled to one vote, and the money subscribed, to be paid in…