New Orleans daily crescent., 1860-12-12
N. O. CITY RAILROAD co.
CHARTER OF THE NEW ORLEANS CITY
~ RAILROAD COMPANY. = "
UNITED STATES OF AMERICA, STATE OF LOUISIANA
CITY 0R NEW nII IA Nc.

~ RAILROAD COMPANY. - =
UNITED STATES OF AMERICA, STATE OF LOUISIANA
CITY OF NEW ORLEANS;
Be known that this fifteenth June the year Of on
psadence ,hsss United States eighty fourth
s md Psr i Nv oea s SS q f and 70
said, duly commissioned and personally and ap
ssesay sSans hsmseses The prosSsion se o
lion 81 Corporations in this State they covenantsd and
agreed and do these presents covenant them
s and andss he stp9 'R1
lations, regulations and obligations following, towt:
ARTtoLE
The Corporate Association shall be the NEW
| ORLEANS CITY RAILROAD CoMPANY.n
ARTICLE II.
The place Of business legal domc of this Corporator
shall be located in the City Of New Orleans.
| ARTIuLE
The object Of this Association is construct and maintain
City Railroads. with suitable urnous and branches for the
f and ~ exercise such
be conferred them for building and working City
ARTICLE
The Capital Corporation is hereby fixed at one
million Of dollars represented BY thousand shares
nsyabe At the time Of sienn these Srces and .hs % ~
paid at the time and In the directed the Board
OF Directors provided that than
subscription shall be called for time osner
Should any subscriber neglse pay puctuay
or insqmens Al ne, as the same mature and fa
added thereto from maturity W. and subscriber
thirty days after the specified time Of payment Board
e. ssss Son e hs 4 s
sold public auction, Otherwise days previous no.
| tice thereof by advertisement
ARTICLE
The said Corporation hereby all the obligations of John
sswT9n as pncpa sad Henry len Hart freaerie Wn and
right Of for the construction of City Railroads the City
aS 81 H. y
forth whichs here referred TO-
dollars therein paid and agreed be paid by the pur
| chasers in the following swift:
The essh payment # yenysix dollars advanced
the stock subscribed by e sd j.
proportion Interests in the said cash payment re-
s Ss as &c said IDS sum will aPp il BE Of
9t the id price viz One hundred and four thousand
several pomissoy notes for the Of twentysx Thousand
dollars sach drawn 0s himself to the order of Henry Hart
dated day FeSay assseu fndfsd and sxty
two three and four from date With sig cent interest
aphe by aforesaid Notary identify them with he afore
8id Act and which qd hereby by ths
maturity according to their and effect
4 ARTICLE
This Association shalgo into operation from and after the
1 ARTICLE VII.
This Association shnil have Corporate Seal the device
which shall be Crescent within Circle, with horses
Car and the name ofthe Corporation traced thereon.
| ARTICLE VIII.
These Articles Of Association may be modified altered
the capital stock may be increased any not exceeding
o & aGs q ,8 hs n g law T The
general meeting convened thirty days notice When.
oties he pq5hsa aS s q
have Tho privilege Of taking addiiiona shares in propor
ton he of their stock and any shares
the benefit the Association not al isss than par
value.
All powers Of this Corporation shall be vested in Of
Directors consisting o twelve each Of whom shall
capital stock Of said Association.
II @ ARTICLE %4a@"
The following named Stockholders Wis John B. Slawson
HsnTy Hn lsae5sf ns Wns rask Irwin Alfred Penn
pose hereby constituted the st Directors who
and said Board min supercsde by hs scesssos
who shall be elected as provided in Article Eleventh.
On the Monday December eighteen hundred and ak
yone and annually thereafter eeton for Direct
ration Of which election previous least Ten aya
shall be given in two newspapers published in the city
ARTICLE XII.
plurality IF Counting share Of stock
their meeting their election Of their NUN
majority of the whole Board and npon whom citations and
Other eEa processes shall h A. Be serxsd
Of the board and in Gaze 81 ms absence inability to the
fo te time fa pawe il sb '
An shall Ss X ballot under be
Dectos at least week prior any election.
| ARTICLE XIII.
quorum, aud decision Of such majority shall be valid
corporate act except for the purchase q ne right Of way for
which shall require vote of three fsurths of the whole
ARTICLE XIV.
Any being absent himself for period of six
said substitute shah have his light not less iSan
shares the capital stock Of the Company provided
for the time being.
ARrIoBE Ky.
The Board of Directors shall appoint Secretary, and all
shat ny The salaries oi al 9cera of the oporaon and the
amount security that shall be required from said oce
Said may delegate power the transaction
body their officers agents they may deem expedi
under conditions them shall proper And they
@ aee o asT t ssS liz ntses saa & m
may require it. and shall also have supply any vaca
~ aseoant DEATH resgate WSnt II tic 4s ~ IL
number of shares insolvency absence without
Article XVI.
Books foE ths registry try ena transfer shares # the capita
by the BYLAW, AZ Transfers shares shall be
books the Directors may often as c5nyeneHee
sxpedeney but not foF longer peod than
transfer the same previous to full having been
o lie party ptoyds bs subsSsi % s
ton is satisfactory to the Board Of Directors.
ARTICLE XVII
aue n,nsa from s,S sRg pngs AZ to elect Directors
estos then See S aa hqd eyer until another election
Article Il, and continued until an eectionis had
ARTICLE XVIII.
Each shareholder all meetings for the election Of Director
purposes shall be entitled directly IN
share of stock held by him. provided no
holder shall in his five
provided also that he shall have owned his least tbe
months prior to the day of voting.
ARTICLE XIX.
No partners whose subscription the name Of tn
commercial firm Of which they MEMBERS shall eligible
the time Directors of this Association shall ID;
rector Of other City Railroad his partner Direco
of this Company
!. ARTICLE
Minutes of all the proceedings of the of Directors ba
by the Secretary and verified by the President and
President and Secretary shall all drafts checks
eaes Of stock, contracts and all ether evidences Of deb
this corporation.
ARTICLE
Board of Directors accept Professionally any noe
under which the formed or by the adopfon
any ordinance Of the Legislature or City Eoune
but the final of such power privilege shai
be determined by vote of majority in Stock
J holders.
ARTICLE
The liquidation Of the affairs Of this Association shall
by three commissioners appointed by the at
meeting convened for that purpose after
daors shall be solvent persons city not in
jebted TO the Assoc ation their
all necessary shall be conferred uero
J. for liquidation shall be fixed well their compensation
the Stockholders may by resolutions in
y meeting convened, determine.