New Orleans daily crescent., 1860-12-19
N. o. CITY RAILROAD co.
CHARTER OF THE NEW ORLEANS CITY
" RAILROAD COMPANY.
UNITED STATES OF AMERICA STATE OF LOUISIANA
fTTy M NEW opI II

" RAILROAD COMPANY.
UNITED STATES OF AMERICA, STATE OF LOUISIANA
CITY OF NEW oRLEANst
Be i that & sIs fifteenth day s Yf June In The Of
pe9dence q Ssss gqted Ssts 9y America he eight qh
the City and Parish of New Orleans state Of Louisiana
pssed pear persons berenser pas I VIC
evesy declared that avang themselves Of the provisions
ton % y Sorporaos @ % IN his stass iheS have
those whom they represent form themselves into
as aaf hS M au
ARTICLE i.
% E 6s bss@srGn hs Be tho NEW
ARTICLE
The place Of business and legal dome OF this Corporation
shall be located iii the City OF New Orleans,
ARrIULE
object Of this Association construct and
City Railroads. with suitable branches for tht
ne gd S s arc Hereby 3 tfs hereafter
be conferred on them for building and working City Railroads.
ARTICLE
Tho Capital Stock ofths Corporation hereby xed at one
million q dollars represented By thousand shares Of
at the time q signing these articles and m Tsnd
Il pstors provided ha ot more than oa pr csn aid
shall he called Tor at any one time and not oene
Should subscriber refuse neglect pay puacuay his
The sight per cent per annu shall be
added thereto from marIty ti paymeat M II Any subscriber
thirty days after the specified time of payment the Board
shares upon which any nstan6nt may be due TO be
sold q public auction otherwise after ten days
| tice thereof by advertisement,
I ARTIcLEv.
The said Corporation hereby all the obligations
Patrick Irwin a security IN and o e contract purchase Of
Fgnt @ ss5 @ ne n ant gy hafS49s Il The e i
Notary on he seventh day Of February eighteen hundred and
ing to the plan and and within the time and in
sumo and pay the bonus Of hundred and thirty thousand
chasers, i the following manneT 80
The cash payment of wenysix thousand dollars
6 s sala a @ n sas applied to e @ Of he
saso aay HAT Faes Wns sd pe II e
in the proportion of their interests the said payment
their said they become ae and for the balance
e. da hs sad o a I gse y One ana 2qr
several pTossory notes for the twenty thousand
and fss s Se h'
sG pavsbic at he Lousana sate Hn IN tSis NY AK
two three and four from date with six interest
The 's @ @ oar e IDENTIFY ia he 1SS
poo and expressly aereed to be- ps Iy I'M cons MI t
| maturity, according TO their tenor and effect.
ARTICLE
This Association shall into operation from and the
| ARTICLE v1I.5@r
This AsS9eisii9g shall haye Corporate Seal the device
Car, and the ofthe Corporation traced thereon
ARTICLE
Articles Of Association may modified or altered and
the capital stock be increased TO any exceeding
S PqRs S s at s CD
y g esase sa G. a % S x
notice of the shall be given in two newspapers
have the privilege Of taking additional shares in proper
o to the 10 a9 q time th @ stock and any shares taken
fer the benefit Of the Association but mot at less than
value.
All powers of this Corporation shall be vested in
h h sh @ d dVsI o r.
capital stock of said Association.
ARTICLE
/,
Henry Hart Frederick Winps Patrick Irwin, Alfred Penn
eah Soe j. j. E Masseei and Geo 20 W sc M = hs eo
PSsf aa 7 s sEs sTS 3 s. s % m @ B9srd % #
who shall be elected as provided iii Article Eleventh.
AEFICLE
On the third Monday in December eighteen hundred and six
Sis stseShoisrs sa held ~ Tie cs II III Gateo
ration Of which election previous notice Of at least tea day
4RriotE XII.
narty Of votes Counting one vote for each share Of socl
gotsa apoa shf b .ts ssiea, @ f. eiee niteeefs a
majority q the wae Board and upon whom ali citations
Ii sa Inc duty or the President preside at all rnselnq
ths Boa ana @ IT, eae ~ & e. aS5eas 9r inability e act &
sLa the time being exefcie the full powers OF Prede
ppoed @ T D he Board o@ aou s he
5snot Directors 1T least week prior any election
/. ARTICLE
majority Of the Board Of Directors shall be necessary II
form quorum decision Of such majority shall IL 4 ys,
STtG building new roads or or he parchasa o real e5afe
which snail require vote of Of the whole Bear
ARTICLE XIV.
ANY Director being absent himself for period Of H.
said sabstute shah have his own than twenty
o sa ss substitute be elected BY hs BSard u piress
for the Time being
ARTICLE xv..
The Board shnll appoint Secretary and al
er a. snd @ sgen na % m my o oys ~ ies ne same a. sasgTe
TIftt he
said board may also delegate such poverin Tho transaction
the ordinary business Of the Company Committees e
body their eicss Of agents tley deem exped
such conditions them shall proper tie
a1nefI or alter The se o fe corporao
a y aa % ss sg 5a1 age poSs[ s 70 sPy s &
elarei account Of deat resignation Of the fequsi
E Article XVI
Books for registry shares of the cspf
by the laws All transfers Of shares shall be sai
K said INC Directors may close s Convenience
DAYS At time shond any subscriber to the stock desire
he same PEsyos IL to m payment having been
q the provided that The substituted sabse
ARTICLE xvIE.
for that purpoe shall this Association but the
3 hfh Il Sss e anSG a pesd
p Article r. and continued until an election is had.
ARTICLE XVIII
Each shareholder all meetings election of Director
or other purposes shall entitled directly proxy TO or
each share Of stock held by him. provided that
provided also shall have stock at least hrt
. | months prior TO the day Of voting.
I ARTICLE
Ne two partners whose subscription name Of Ii
commercial firm of which they MEMBERS shall be eligible
Directors of this Association
any other City Railroad, his partner Direc
Of tAis Company
ARTICLE
Minutes proceedings of the Board Directors sa
kept the Secretary and verified by the President Ii
President Secretary shall sign all notes drafts cheeks &c
fcates sf stock contracts and all ether evidences Of debt
= | this corporation.
4
The of Directors may accept Professionally any now
privilege this Association by any
"a which the is formed, by adoption
any ordinance of the Legislature Counc
q but final of such privilege
be determined by of majority in Of the Stool
et holders.
II ARTICLE XII
The liquidation of the affairs Of this Association be at
by three commissioners appointed by the Stockholders
that after
newspapers published in New Orleans Sold luu
dators shall be solvent residents of this city
debted the Association their term of office shall asgne
necessary power shall be conferred pert
liquidation shall be fixed well their
Stockholders may, By resolutions in geper
4 meeting convened. determine.
o ARTICLE
The names respective interests the parties to tb
4 declared to be Is follows, to wit:
Names No. of SilareS. Amo1n
d J. B: slawson. 2ee S2010
. Ereseriek @ y igs5 e 1000