New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-08-10
N. O. CITY RAILROAD CO.
CHARrRR or THE NEW ORLEANS CIT
u RAILROAD COMPANY

~. ". III 1sAAl4SOAG w.
QUARTER oETHE NEW ORLEANS CITY
UNITED STATES OF AMERICA STATE OF LOUISIANA,
CITY OF NEw ORLEANS:
known that this aespth day Of June in The year Of our
lord Que Thousand sgh, hundred and sky and Of The indie
Sss p u aSa n
the City and Parish Of New Oreans state Of Louisiana aroe
s 3 sad fS aa 9Se
deNsrsd ea ay@ng themselves e me provisions Of
lion Of Corporations in this State they have eovcnanted and
selves and those whom hey represent 10 form hsnssiye, into
aud constitute Corporation for tile objects and under the lPa
lgti0ps, regulations aud obligations following towit
ARTICLE
The Corporate meme OF this Association shall be the NEW
ORLEANS CITY RAILROAD COMPANY
ARTtcLE II. .-.: ...-.e 5.g
The place Of business and legal domicl of this Corporation
shall be located in the City Of New Orleans.
ARTICLE LII.
The object Of This Association construct and maintain
City Railroads with suitable and branches for the
purpose # carrying and to sSssss such
be conferred for building aud working City Railroads
ARTICLE ".
The Capital Stock of this Corporation hereby fixed
million Of dollars by ten thousand hares o one
pSy@be the lime Signing these articles and Ike remador
shall paid al the time and in the directed by the Board
of Directors provided that not than len per cent of ad
subscription shah be called for any time, oftener
thsR Rs once a within any thirty days ~.
insanent instaimets the mature and fail dine,
added thereto from maturity Til payment and any
negee,s refuses pay biz nstement or within
directors reserve 10 themselves The risbt Of causing any
sod public auction Of oicfwiss alter ten days previous mo-
tiee thereof by advertisement,
ARTICLE V.
The said Corporation hereby all the obligations OF John
B. slason principal and Henry Hart Frederick Win and
right way the City Railroads in The City
New Orleans as per act passed before Charles E. Foe City
sixty and oblgaes itself said cly Railroads
the act here referred TO-
and made part hereof and also hereby expressly
dollars therein paid and agreed to be paid by the said
The Cash Of twenty six thonsand dollars advanced
BY the said purchasers shall be applied the Of The
q savson Henry HIT FTsisrisE Wafz aad Patrick irwin
specyel far the said viii apply the of
their said they become due and for The balance
dollars which he purchaser has furnished his four
dollars each drawn Gy himself to The order q Henry Hap
Frederick WntS and Patrick Irwin and by them endorsed,
and payable at he Louisiana Slate Bank in this city Mt one
Two three and four years from date With SIX per cent interest
aphed BY the aforesaid Notary identify them with the are
maturity. according to their tenor and effect.
ARTICLE
This Association shall into operation from after the
Article VII.
This Association shall Corporate Seal the device
which shall be Crescent, within Circle, with horses aud
These Articles of Association may modified or altered and
the eaPal stock may be Inc to sHp not eSsee
Of amount ali Tie obtaiaed
in general meeting convened after thirty days notice When
notice q tic shall be ptns pabshed
have he privilege Of ng additional shares ii proper
ton amount their stock any shares taken at
the expiration OF that time be disposed of the Directors
fer the benefit OF the Association but not at less than par
vaiue.
All powers of this Corporation shall be vested Boad of
Directors consisting Of twelve persons each Of whom shall
capital stock of said Association.
ARTICLE
The following named Stockholders viz John b. slawson
Henry Hart Frederick WHIT, Patrick irwin Alfred Penn
Samuel Smith, Armand Heine James o Nixon, b. E. Forsal
pose hesg oad # P s go
sd a f segs fa Ct @ p s
who shah be elected as prosdedin Article Eleventh.
ARTICLE XII.
third Monday December eighteen hundred and six
s y he ana Sa e. a se c y s
ration which election previous least ten days
shall be given in two newspapers published IN the city
ARTICLE XII.
plurality # @ eSging VOTE oE each share # stock
Their s meeting after Their election choose one Of er
her President Of the Association who shall by
other sgs process shall BE served 0 @'' S'40n' anu
shall be the duty of the President preside all meetings
Board shall elect one of their members President pro tenn who
shall for the time being exercise the full powers Of President
ers ot Drectos at least one week prior TO any election
ARTICLE kin. a.@ %.
majority Of the Board Of Directors shall be necessary to
cooperate except for the purchase Of he gf way of
or IN o9dng new roads q tos re purchase Of real
of Directors
Any Director being about himself for period Of six
months less may nominate substitute in his provided
i've shares Of he capital ock Of Tie Company and poyjed
also that said substitute DO elected y The Board Of Directors
2RTrdLE XIV.
The Board Of Directors shall appoint Secretary and nil
ha s he aae Il ali oiee Of he s e1 ed ~ sss IND
Of security that shall be required from any said
Said Board may also delegate such the transaction of
the ordinary business Of the Company 70 Committees of their
own body their officers agents. they may expedi-
emit and may ase appoint agents within and without this state
shall have power make laws rules and and 9 y
amend or aff i n ga a me Of the corporation
ces thai in their Board such vacancies may be de-
cared account OF DEATH resgnaton of the requisite
number of shares insolvency. or absence without leave
ARTICLE XVI.
Books the registry and shares Of the capital
stock shall be opened and kept subject the restrictions direct
boots signed BY shareholder or his attorney and Which
said books he Director may close often convenience
@ Il ls s S tie so as esie ten
hs shall u . DO " substitute ss6serpon
lion Is Satisfactory to tie Board d Directors
ARTICLE XVII
failure from any elect Directors on the day named
for that purpose shall dissolve this Association hnt the hi
then In office shall hold until another election il
held of which noiice shall forthwith be given as provided h
Article Il, and continued until an election Il had
ARTICLE xviii
Each shareholder all meetings election Of Director
other purposes shall be entitled directly proxy to ans
each share Of stock held by him, provoked Stock
holder shall vote in bis five hundred votes and
provided also that he shall have owned his at least three
| months prior 10 the day of voting.
~ ARTICLE XIX.
No partners whose subscription in the name Of the
commercial firm of which they members sll be eligible N
the time Directors of this Association shall D
rector OF other City Railroad his partner Direction
Of this Company.
ARTICLE
Minutes all the proceedings tic Board of Directors shall
be kept by the Secretary and verified by President and e
President and Secretary shall sign all notes. drafts checks Ger
fcate Of stock, CONTRACTS and all ser evidences debt
this corporation,
ARTIGLE XXI
The Board of Directors may Professionally any mower
privilege conferred on this Association amendment
the law under which the is formed adoption Of
act ordinance Of the Legislature City Council
but the final acceptance of such power privilege shall
be determined by vote of majority in of Stock
holders.
ARTICLE XIII
The liquidation Of The affairs of this Association shall be made
meeting convened for that purpose after days mo-
ce in newspapers published in New Orleans Said an
dator shall be solvent residents of this city
dabtea 10 the Association their term of office shall
a necessary power shall be conferred on them The ueod
for liquidation shall be fixed well their compensation in