New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-08-09
N. O. CITY RAILROAD co.
TSHARrHSR OF THE NEW ORLEANS CITY
" ABROAD COMPANY
UNITED STATES OF AMERICA, STATE OF LOUISIANA,

lord one Thousand eight hundred ana KY AMI 81 the indie
,sfoe be- BaRSETT NeSry Psbs II ana for
aid, duly commissioned and sworn personally and
ss h named and whS
he Statutes Of the STATE Of Louisiana relative TO the organa
lsesd and do by these presents agree and bind hem
selves and those whom they represent form theneye into
ations, regulations and obligations following towit
ARTICLE H.
The Corporate of this Association shall be the NEW
ORLEANS CITY RAILROAD COMPANY"
ARTICLE
The place Of business and legal d9miel of this Corporation
ARTICLE III.
The object Of this Association is 10 construct and maintain
City r With saaS ana snd se S s
incidental powers aud q sa hereby ef y hsIegr
ARTIcLE ".
The Capital Stock OF this Corporation is hereby Fixed at
million q dollars BY ten shares Of one
payable the time Of signing these articles and the remainder
&C Directors provided more than ten per cent
subscription shall be called for at time and moi oftener
Should subscriber refuse neglect TO pnnetay his
nstanen installments the mature and fall due
the eight per per shall be
added thereto from maturity I'LL payment and
thirty days iii speeihed time snenI, tie Board Of
share shares upon which samen be due, TO be
sold Al PUBLIC auction Or otherwise after len day previous no.
tice thereof by advertisement
ARTICLE s
The said Corporation hereby all the obligations OF John
B. swson principal and Henry Hart Frederies WHIT and
right way the construction Of City Railroads in the City Of
Sota n fie seventh a & FeSaa hundred and
ssy ard ogaeas ss e. sad G RsfSas Geo
the forth in said no,aria which here referred
aa ae n aa Ss ss Rsfsy 2
dollars therein paid and agreed TO be paid by the said pur
The cash Payment Of twenysi Thousand dollar advanced
FL f s Re 81 he
Z slaMson Hsnry. Has Frederick Wias aT Pae IrEin
pestSey iar as he saa snn VIII spp ~ ihe & e
Of the purchase price VIZ One hundred four thousand
dollars for which the purchaser has furnished his four
dollars each drawn y himself to tile order & Henry Hart
dated lie seventh day q Febrary eighteen Hundred and sixty
and payable at The Louisiana State Bank, IN this city
M from ss 9S p hGR , s osi mere
id Act and Which ssd oes are hereby assumed y This Cor.
poioa and expressly agreed to be paid BY the Company at
maturity, according TO their tenor and effect
ARTICLE VI.
This Association shall into operation from ard after the
date OF this Act ..a=
This Association shall have Corporate Seal the device
which shall be Crescent within Circle with two horses and
Car and The name ofthe Corporation traced thereon,
ARTIcLEvIII.
These Articles Association may modified altered
capital stock be increased any not exceeding
Of IN amount Of ali be stookbolders Obtained
NJ any ncrese espia shall b duly authorized sky ds
notice Of the shall be given in I've published in
have Tie privilege IF taking additional shares IN proper
on 70 e Fl 1ef NAV e. n III k5
value
All powers Of this Corporation shall be vesed in oad 9i
o IN bis own at least twenty hnrei dsars he
capital stock Of said Association.
ARTICLE XXI,
H1a ns a isdeP S %nt Patrick s i Aed FeR
josiah use j. j. III Masseot and Gee W Weme shall com
pose hereby constituted the st Board Directors who
apd I'D board Shall serse an superseded F. he
Who shall b elected provided Article Eleventh.
$4 ARTICLE XII.
On the third Monday in December eighteen hundred end
m S T. ssSa e G ~ " e nS
s1 d election SSs # a sas es ays
Orleans.
plurality IL votes countng one vote for each share If stock
@ an eP er
majority u the whole Board upon citations ans
other legal processes shall BE- served
& ils Beard aa h. a = r. a6;snes q liability e act II
ss far n the lime bsn esore he m y Pee
All ee:tors shall % by ballot under the supeyinendence
tnot Drecto ut least week prior any election
4 &@ ARTICLE KIN. M#
majority q the Board e Directors shs be necessary
corporate except for the purchase Of the igh Of fo
which shall require Of three ourhs Of the whole Boar
Of Directors.
Any Director being about absent himself for period
months may nominate substitute IN biz stead provide
ys shares If The T. Of re @ . sa
| for the time being
ARTICLE ".
The Board Of Directors Shall appoint Secretary aud a
ba * he eare sf III ocef IL liz g poaoa ad II
Of security that shall be required from ad officer
Said may also delegate such the
body their officers agents. they may
and may a9 appoint agents within and without ths Stat
shall have power e make By laws rules and and
may reque IT, shall also have power supply any yaca
ces that may oeenr u ther Board such vacancies may be de
number shares insolvency OF absence without leave for tire
| successive months.
Books the registry of shares of the capita
shall be opened and Kept subject Che restrictions direct
books and signed ~ attorney and aic
expedency may require TOT longer pc than L
days time Should any subscriber 70 he stock desire
transfer the previous TO full having been mad
he shan be permitted e do 50 b. substitute s e sahscFipt
ton Is satisfactory 10 de Board Of Directors.
ARTICLE XVII
failure from any eause elect Directors the day nam
fs il office shall hold ninth auobtr election
held which notice sGi forthwith be given provided
Article L., and continued until IN eeetionis had
ARTICLE xvIII uz.z
Each SHAREHOLDER all meetings for the election of Deele
yoe On caeh shnre of stock held ly him. pr6yted
holder shnil in his ave hundred votes
pfoyje also that lie shall have owned his
| months prior 10 the day OF voting.
81 ARTICLE XIV.
No two partners whose subscription in the name Of
commercial firm Of which they members, shall be eligible
the same time Directors of this Association shall
rector Of any other City Raiirond bis partner, be re
Of this Company.
Minutes all the proceedings OF the ioard oF Directors
lie kept by the Secretary and verified by the President ana
Pres Secretary shall sign nil pnes drafts cheeks
tcae d stock contracts and all stheF evidences OF debt
this corporation.
ARTICLE sSL
The Board Of Directors nat professionally any pow
privilege conferred this Association hy any amendment
the under which the same lofne by The bopio
bat the fn arreptace of any slch power privilege 81
Nc elemined bs vote Of majority in amount Of he Slot
ARTICLE Sx1t
The liquidation of The ars Of this Association shall he ma
by commissioners appointed by tic Stockholders
meeting conSe for that parpose after sixty days previous
newspapers Published in NeR Orleans. Said LID
Gaial shall he solvent persons residents Of Ibis es not
deted tie A;l0n their of oter shall assigns
all necessary power -a be conferred them. The peri
fu Hauiaaii9l m be fixed well thety compensation
,e Stockholders may, b, resolutions N gene
meeting convened, aoicrnliue.
ARTICLE NNIIt.
The names respective nIerrss The parties 10 this
are dcctkTedtO FL ns follows, 10 sill;
: Names, No. Of ShhUss. Amen
, J. II. SlaysoIl .....s-.t.s,tt'sf. aNo $aH,
frederick Wiuis,.t,,.e lM0 U1t