New Orleans daily crescent., 1860-10-23
N. O. CITY RAILROAD co.
CHARTER OFTHE NEW ORLEANS U1Tl
V RA1LROAD COMPANY.
UNITED STATES OF AMERICA, STATE OF LOUISIANA
CITY OF NEW DRIEANS:


gsssd S named and g9
lhe stantes of the se Of Louisiana relative to tho orggn
agreed and do these presents and bind them
sse and those whom they form heselye, into
latIons, regulations and obligations following, towt:
ARFiCLE 4.
The Corporate Of This Association shall be the NEW
ORLEANS CITY RAILROAD COMPANY"
ARTICLE
The place legal doc OF this Corporation
shall be located in the City Of New Orleans
ARTICLE III.
T The object Of is Association 70 construct and mantan
City Railroads. with suitable and branches for the
R"ess 81 nd generally to exercise such
be conferred them for building and working City Railroads.
ARTICLE
en Te m % s9s Of this m hereby xed at one
hundred dollars eae ye Of each subscription
shall be pa Al the lime and lie manner directed BY the Board
subscription be called for any time and not oitener
than once within any thirty days
insuallment insqmens the fall due
thereto from ms Vii Gr ah amy fne Ss
egects pay M nstansnt Or nstaiienis within
o @ hs @ Of daas s Sfa as S
sold acon oSefws ae TN ma ~ pesous a
tice thereof by advertisement,
ARTICLE v.
The said Corporation hereby obligations
y sawSon as principal and Henry Hart Frederick Wnts and
tight Of way for the construction city Railroads city sf
NSa on g psG he daS pssd j. S d FS c
sixty and oblga said Gty airoads accord
the manner forth p said which referred To-
@ sS ons RbsfsGy dad XIV
eS N s oosds ss anS to Be paid by the said pu
~ fhe I cash s o gensix enssnd dollars advanced
S eRsa bS5s SC hs y @ 81 ~
b slawson Henry Hart Frederick wina and Patrick Irwin
peetiyey far the said viii apply in payment
purchase price VII One hundred and four thousand
dollars for which lhe aforesaid purchaser has furnished
lhp nf
s2ss each & drawn s b himself the order e Henry Hart
dnted the day February eighteen iuaded and sixty
and and Payable tS s a BE- a Loasana sats Bank h this
per aqpnm iro date until paid which said notes were par
sad Asl AM which s oes are hereby assumed this Cor
maturity, according 10 their tenor and eject. - -
ARTICLE
TINS Association shall 80 into operation from and after the
AnT1o4E VII
This A59eia99 shall have Corporate Seal the device
which snail be Crescent within Circle with horses aud
Car, and the name ofthe Corporation traced thereon
ARTICLE WIN.
These Articles i Of Association may BE- modified altered and
two nillon Of dollars ii the p1ovided by aw with liz
in general meeting convened after thirty days notice When
the city of New Orleans within which Stockholders shall
oh m stock and any shsPss not aEep Eo at
the expiration that time disposed by Deetors
value. '4' '''' at 1888 'i'n p't
AZ powers e thls Corporation shnlIb be vesedin Of
o m H. S9R @ s q ss gy saS e whom h
capital stock of said Association. ''0
ARTICLE x.
The following named s!oekhoders yih John slawson
Henry Hart FIodetick Winfs, Patrick IRWIN Alfred Penn
fanqel @ smith ATnsnd ,eine james Exqq l. = Fasta
shall heir Fsi meeting Of fhe number fresidsnt
shall be elected provided eleventh
ARTICLE xI.
iha tts- ID
tie @ Il s seS s a. IA oet @ gSys 9 x. psct
atn6 II witch elerS pryious noiee w ~ ~ & ~ e o9fpo Apo
stall be given two newspapers published in The city New
ARTICLE XII.
plurality Of votes counting each share or stock
bef TUa @ PPa @ SS ssg ] Ss1 70 es shall at
oet f9 PFsssn @ r. the Asspeaon who shall b elected y
osr Sg processes Shall be eFved ' '' III citations and
y shall be The duty Of the President preside all meetings
oa snail elect one q teir members President pro tenn,
Al ss t0ns shall be be i y ballot under The
ers no Dreeors a. east one week prior election
ARTICLE XIII.
, maoy d o. the the BGGLd Of p Directors shall be
agt eSeep f9E ne rarehese q ne g Of way for
which shall require vote Of hrecsuhs Of the whole board
AREIeLE XIV.
Any director being sbest himself for period Of x
months osless may nominate substitute in his provided
i've sharca e ctbts oc Ii lie Company ad pFovidss
Also That said substitute be elected by The Board Of Directors
| for the time being.
| ARTICLE Ky.
The Board Of Directors shall appoint Secretary and all
shall ax the salaries # all officers the poraton and t6e
Of security that shall be required from any said officers
SAID may delegate sneh power in The transaction of
own body Or their Officers they may exped
under such conditions hein shall proper Aha the9
shall have power to make pzass rules and reglstonz %
may Te1ufei and ha ala2 have power supply any
ciared death resignation want u the fg9pi.ite
number of shares insolvency, absence without for tse
ARTICLE XVII d
Books fe the registry and transfer Of shares OF the capital
ed by The laws. Al transfers Of shares shall made on said
sd Books lie naeo may eose Is oea s ensnae @ wseR or
Sslssag INN may a5 sf4 d 5gt 2 iS Longer on iod han
transfer me same pSos 70 u payment having been made,
@ pn Y Ps Rs Gatsa lPa sassss ssserS
ton is satisfactory to the Boafa Of Directors.
| ARTICLE XVII
failure any Directors on the dky named
for that Gaf9e shall MOI dssoiye & this hut The D
held which shall forthwith given us provided in
| A1tiele L. and continued until an eIeetionis had y
| ARTrcLE xvtIL
Shareholder al meetings election Of Directors
or osr % sha ,. gs sa shSd m @ Directly E
holder shan yoe IN bis own nane Aye hundred voies
months prior to the day Of voting
| ARTICLE XIX.
No tive 5 WHICH s s9sgsg s 5e 5e, s n eS g the
/
the Directors of This Association, nor shall p
any Other city RelFoad his partner be Director
| of this Company,
ARTICLE
Minutes proceedings Of the Beard of Directors shall
kept the Ha verified by the PfeBidenf e
Pres Secretary shall sign all noe drafts checks
tcates stock contracts all eYldonces Of sebs of
| this corporation.
! ARTICLE XXI.
of Directors may accept professionally any pover
privilege conferred this Association amendment of
under which Tho is formed the aIopou Of
any ordinance Of the Legislature Council
acceptance any power Or privilege ghali
Predetermined by vote Of majority in of Stock
| holders
| ARTICLE
The liquidation Of tho affairs Of this Association shall
by commissioners, appointed the Stockholders nj
meeting for thRt purpose previous nns
newspapers published in New orleans Said Iioui.
shall be solvent residents of this in
the ation; their shall be assigned.
necessary power shall be conferred them period
for liquidation shall be fixed their COMPENSATION in
the Stockholders may, resolutions III general
meeting convened, determine.
| ARTICLE XIII.
and respective interests the parties To this
| declared 10 he as follows, TO wit:
| Names. No. of Shares. Amount
| j. B. Slawson 2016 $20O,0J0
| Frederick NfBtl l09 l00O00
| Henry Hart. lUDD 100000