New Orleans daily crescent., 1860-07-06
N. o. CITY RAILROAD co.
CEIAHTER oFTHE NEW ORLEANS CIT,
" RAILROAD COMPANY.
UNITED STATES OF AMERICA, STATE OF LOUISIANA,

before me, EDWARD BARNETT, Notary Public in aud for
the City and Parish Of New Orleans State Of Louisiana Rfoe
sad duly commissioned and personally and
seyeray declared that Svng themselves of provisions
the sanes Of the sae ef Louaaa relative to the orgap
aud do by these presents covenant and bind e
and eos"te Gopo ar lie osie mnd nnsp he tp
lations, regulations and obg&ions following, towit:
ARrtcLE
The Corporate Association shaft be the NEW
ORLEANS CITY RAILROAD COMPANY,
ARTICLE
The place Of business and egn dpmicl of this Corporation
shall be located in the City Of New Orleans.
ARTICLE III.
The object of this Association and maintain
City Railroads, with suitable turnouts and branches
purpose q earrng and generally TO exercise such
be conferred them for badins and working City Railroads
ARTICLE
The Capitol Stock Of this Corporation hereby fixed
hundred dollars each ye per cent OF each subscription shall be
shall paid the time and in the directed by
Of provided hat not more than ten per Of aid
subscription shall be called FOR a any time and
than onee within any thirty days
inalen installments The and aIi due
interest thereon at the rate sight cent hai
negeets refuses his inainent nsiallenis within
To Reneyes e ot eanE ss'a ans
share shares which any nstslinent be due
sold public auction otherwise
ticc thereof by advertisement,
ARTICLE v.
The said Corporation hereby obligations OF John
D. sawson principal Henry Hart Frederick WHIT and
Patrick Irwin security in and 10 the OF purchase
!
New Orleans as per act passed before Charles T. Fotie CITY
Notary on the seventh day OF February eighteen hundred and
sixty and o9gate Itself said Railroads
the mannef % " fah MI X iI @ ac % u HI h g aa z
and ae part hereof and also hereby eSeressS to aS
do therein nd yS ma aeeh 1ne m 80 nd nnI ,y m T nGand a @
ehAsers, in the following manner, to.wit:
Hy s ai pafeSae Gs applied ~ paymsHt Nys y s
II % 9n the & f!9ss @ By e said
in tle proportion q Their interests m me said payment
er a s hey beeoaie & de ad foq bS balanse f
o. Ihe said purchase price viz Que hundred and -four thousand
t p % % , s s1 III h eii4ae nus @ FURNISHED his four
dollars each drawn by himself 70 the orGer oY II r a tl
Frederirk Wln aid farek irwin and 81 tieaa sfo9ed
and paysbe at the III IoHisi8 sta Ean IN HILL & aia sS 3
Three aud four years fo date with six per cent interest
eshs II hs sIee. Nosre 70 isa s ths & M Is9 a s
d s, aa ana ] sgd sg,e me- m heeby M nSsnn1sd M 5y s Cor
maturity HeeVipaHs 70 'peif e Tenor and effect
ARTICLE VI.
dae Of this Act '' va" 4'''' 'A'
This Association shall have Corporate Seal the device
whth snail Pc ifecen within Circle, with two horses and
Car ana the name Corporation traced thereon
These Articles of Association NAV IN ~ ,,fa ad
the capital stock nay 10 Increased o INV up not xedip HID
two millions Of d9llg in The manner provided By law With tic
consent Of In amount Of MI The Stockholders obtained
in general meeting conyened after thirty days notice. When.
noss 4 80 same shall 70 published h
he city of New Orleans within which time Stockholders shall
@ ae - ~, me- pr1snee 81 ,hkipg addii9nai shsfes in propor
he expratloT Of fa lime may he al f M ~ III ~
r the benefit oi le Assoeieton but not a Iess tan M
v'lne. a4,s,r,,
Attnovars of tbs eor,tioa s,,a,l h. ,.s..d +, o.,
.ts o99lloh sliaii De yes ed IN Boad o.
hoia IL II. ag, risii q a n u g%en q Thom saa ~
capital stock OF said Associaon
AnrietE <.
us ipps fIt s svssvgsnoipe,s W J9an u sawson,
Samnel smith Armand Heine james 9 Nixon y n Fersta,
pose and are hereby the Fs Board Of Directors who
and aid Board ial sers ul b ah rres,e
M'o sua'i W s.ss'ea Y psas,ea z Afee Eleventh.
On the third Monday IA Iecefn e;phteen tunaos and
tone annually theestter m eciion for twelve nirect @
ratios which previous notice * 1t least len dass
Orleans.
-
plurality Of votes Counting vote r each share stock
their fr meeting alter e eiecon choose one Of te a num- ny
6er foF President qf ths who shah be elected BY
other legal processes shall be served.
@ 3 naiis ~ y ssas Set aGs
BoSId sas all elect @ one d their members President who
~ itohs sna n py 9ao Hnder te superiutendenee Of
er not Directors ii lest one ek prior io IN @
ARrfcLE XIII.
majority Of the Board ot Directors shall be necessary to
form and decision OF such majority shall be valid
S sAsep io me purchase Of The right Of for
which hail feunire VOTE Of ns oi f gsiae
of Directors,
r,r..,o, 49, at,e, ! Y No.. =
months or less may nominate substitute sesd provided
@ @ , t n, @ & sye IN ~ s own @ IiSnt not less than twenty
also that said substitute lie elected bv ha n3aT NV ~
for the time being = ~ ~ " s'o'e
.ur,c,,
L ~
rue oard oil directors shall appoint Secretary NIL
clerks and agents and the pleasure and
si " tae shass o. ~ 9nees o. the CO. porRtion and tile
" sec"IS in sli DC required from any said officers
"'.e III asea.s n, H.. -,
t9 my a' ~ " suc poWeT ~ the transaction Of
MA haI, I this .np - Of Their
M y r. .' u n iey ht9 ueeLi eSpet
under such Conditions W to Them sbH .eent nd H.
shall have power TO m Ike liz Jaws. rnlas ana NJ =;
amend or alter the same the interest II tI
require it, and shall also have Dower 10 snn i xanab
their I;oad sueh JratriaS a 10 ge
cared deatl resignation ,ynnt Of The pnsit
number OF shares insolvency absence without eaye far three
successive months.
ARTICLE XII
p,olss ~ 40 o -. ,,a .r.f,. - ,r -,
vtnc i,ii 10 ana1e an tsn ,iset - ~ the estll
o ~ M, ~ e IL
anis. nj yt,rd ,t III n ~ yl lu
asa fnalsa m. n;sntara H. M NM y 4 ~ II Nv Al tYllch
NJ, rre ~, ~, o - t s or
NE ;i, ts Sl1d ~, o & ilC ~ ionse period lan Ten
rn a. ,a ,r,. ~ e. 81, ~ soek uettre 10
he st ln nerr MOI n, Ia ~ 10 a III Ii tit "
the party purchasing provided that the substituted ilseri
ton is satisfactory TO the Board of Directors.
ARTICLE XVII,
fl,ro From, a,,, co,,5o ., ,1oo, p..o,o-- -.
" thnn in naire sI,all ,oi oper mn ,It ~ II