New Orleans daily crescent., 1860-10-05
!
N. o. CITY RAILROAD co.
CHARTER OF THE NEW ORLEANs CITY
v RAII.RlAN GlMpA NY. ~
| UNITED STATES OF AMERICA, STATE OF LOUISIANA
/ CITy OF NEW ORLEANS.

CITY OF NEW ORLEANS.
Be known that this fifteenth day p June in the year
Ssd Ss da
s @ s '1a re.
said duy and sworn personally came and
ssvsy that willing hsmss PraSsion o}
Of Gorpsfeons SIM IN this State they and
Do BY these agree and bind them
latious regulations and obligations following to.wit:
The Corporate Of this shall the NEW
ORLEANS CITY RAILROAD COMPANY"
ARTICLE
The place Of business and legal of this Gorporao.
shall be located in the City of New Orleans.
ARTGcLE In.
The object Of this to construct and malain
City RGilroads, with suitable and branches for lie
eisns s R sy Gssssa a
be conferred on them for building and working City Railroads.
ARTICLE V.
The Capital Stock of this Corporation hereby fixed at one
Gn of dollars 5 n BY i shares
payable the time Of signing these articles remainder
Directors provided that leu per cent Of aid
subscription shall be called for At time
Should subscriber refuse neglect puaetuay his
thereon eight per Per 30
eec or 15S to n naH r. IN ana Ihy gssS ]
tS aass after the specified te Of meut the Board Of
share & Or shares which nsiallent be due
tiee thereof by advertisement
ARTICLE VI.
wS as h s@d sp m Al w. % G S
5seE & I @ INV d as @ @SeenTy IN end p The Contract Of rsrehSse Of
My Orleans per eet passed before Foe DIV
% S sa J y ae
hs s the % s s Sq5 ss and % the 1 and
smd as 3 nayt hsges T and 4 aso hereby
dollars therein Pad and agreed to 10 paid by the said
payment Of twenty six thousand dollars dvaneed
By ss said pareIaserE slHll be applied The o
b SIawson Henry Hart Frederick Wtn Patrick Twin
speciIely, the said apply payment
their said nsanen they become The balance
dollars for which The aforesaid purchaser
oaf EACH drawn BY himself 70 he order enaS HAM
@ ehs l aSn a saS gy ss T
and payable he Louisiana State Raak u ms city one
sgPSg ~ M fs@ s.s aas gIii 65
sad Aei and wleh ssld eFeb IS tis
and expressly to Be gad BY the Company at
ARTICLE
This Association shall into operation from and after the
| ARTICLE vii.
This Association shall have Corporate Seal the device
Car and the nme Of the Corporation traced thereon.
| ARTICLE VIII.
These Artieles Of Association may be modified altered and
% j. q d IN snn ss s M sds Il @ S hs
sa e duly aSosd sss sy Ra
notice Of tho shall be given in uewspspers published
the city Of New Orleans within which time Stockholders shall
ton 10 the amount of their stock, any shores
he Of bs soo 5a not e s p
value. f'
4 ARTICLE TX. .".@
All powers this Corporation he vested in Boad Of
pTsGtoTs bds m r. oSaPs @ Of as each 9f s
capital stock Of said Association.
4 ARTICLE
The following named sSfkhOas,s Sai y John sagsen
Sa a Jman na nsine jsGes i TsGq 81 nj l.
&c hSa hi es vi sas e
shall At Their fsi meeting elect one Of their number President
who shall be elected as provided in Article Eleventh.
Il ARTICLE &.#au
On the third Monday eighteen hundred and six
% s f e ssGn @ 4 sts c e o ass
shall VI given in newspapers published in ey ii New
ARTICLE XIII.
plurality Of votes counting each share stock
Their rst meeting ater 'her election choo;e Ss Of their
majority of the whole Board, upon ali citations and
Other isgai processes shall T., be served
q Ie Board and II Gaze # b absence or inability tie
sa a. ffst 3 s s iii G
AL s SS S @ % g9 pnE qd the %
Directors) least week prior aay
ARTICLE XIII.
majority OF the Board of Directors shall be necessary
form quorum and decision Of such majority hal be valid
eofRsfas Mt except for ihe nareh@se @ Of the right Of
which shall require Of theefoafths u he
i Article XIV.
Any Director being about to abseS himself for period d sig
sa Sa@ IL @ n5t a sy
& e hfs @ S1 Of @ ssP So os S Of he = % .d and I'd
: : for the time being
ARTICLE
The Board of Directors shall appoint Secretary and all
9 @ and & sge snd ~ M may d fsost The & same at pleasure and
amount Of security that shall be required from said officers
Sad may also delegate power the transaction Of
the ordinary business OF the Company Committees heiT
ent and may also appoint Sgeas within nd Without h ssse
an9G @ m cA eonllton 70 Y = hgm t4a seem p@g Aud they
amend alter the whenever the corporation
cie ms such vacaaees ma be De
y Gasa en- ] ITeeaht 0l qsat iSha9n " T,t @ e NE sga
: ARr1ctExy
Books for the registry and transfer Of Of the capita
stock shall be opened ana kept sntsey 10 e restrictions ifec
signed BY ihe Shareholder bis attorney and @hief
@ Al ta should any egilr MI M i2J 3 lie p i ,ca lhn tsi
Is shall peaied M Substitute Of Tie sGierip,Sl
MS atsfleoy Bo"rG q rseto e sa'ssf
ARTICLE XVII.
nc failure elect on the dsv
for that purpose shall dissolve this Association; D
then in Office shall hold until another
w Article IL, and continued until an elecdons had
n ARTICLE XVIII
Each shareholder nj all meetings for the election Director
other shall be entitled directly proxy 10
o On ei Sas s9 % IL 9k s hs nS @ 9Ter @ hs no
provided also that he shall have owned his stock
| ARTICLE
No partners whose subscription is in the name of b
commercial firm of which they members, shall eligible
tile time Directors of this Association
other City Railroad his partner be Decto
Of this Company.
al ARTICLE
Minutes of all the proceedings Of the Directors a
be by the Secretary and verified by the President and
eates Of Stock all sher evidences Of debt
- this corporation.
ARTICLE
The Board of Directors may accept professionally any powf
privilege conferred this Association amendment
the law under which the the adoption
ordinance of the Legislature CITY tonci
but the final of any such power privilege M
be determined by vote of majority n the Soel
holders.
ARTICLE
The liquidation Of the affairs of this Association shall be mad
by three commissioners appointed by the Stockholders al
meeting convened for that purpose
ce in newspapers published in New Orleans Said iqu
lators shall be solvent residents cy not ii
icbed TO the Assoc a0n their of assignee
all necessary shall be conferred them perio
liquidation shall be fixed well
such the Stockholders may by resolutions in gene
meeting convened, determine
ARTICLE XIII.
The and respective interests parties az
are declared TO be as follows, to wit:
Names. No. of Shares. Amour
j. i. Slawson. ......s........... 2UG0 S20O,W
Frederick Wfnt2, ...,................ 1000 lO0Ut
Henry hart lubU lDW
Patrick Irwin. win....,.........-..-...... 1000 1000
| Alfred Penn. tWD lUuW
Samuel Smith Il Co, lHW 100W