New Orleans daily crescent., 1860-07-03
NJ n cITY RAIIROAD Go.
UNITED STATES OF AMERICA, STATE OF LOUISIANA,
CITY OLE NEW ORLEANS:

CITY OF NEW ORLEANS:
Be Known that his fifteenth Of June in the Of OF
Lord thousand eight hundred and sy nnt OF the Ind
Of % ss pqs SHs % A%efSa N ee Pe Y a \
the CITY Parish Of Orleans, Of Louisiana afos
said duly commissioned and seor personally came and n
seyeFsy deelnred hat vaas themselves o provisions
o @ ~ .s I IN ibis 4, e beV have eoysnaned an
agreed, these presents covenant mud bind hc
did continue Corporation Tho OBJECTS and under the spl
ations, regulations and obligations following, o.wit:
i ARTICLE
The Corporate lne OF this Association shall be The NEV
ORLEANS CITY RAILROAD GoMPANg"
ARTICLE IL,
The place OF business and legal domc Of this Corporation
shall be located in the City Of New Orleans.
4 AETrCIE Ell.
The object Of tis Association is to construct and man'a
City Railroads with suitable and branches for th
purpose Of CARRYING passengers and generally to exercise e
be conferred them for baing and working City Railroads
ARTICLE ~.
The Capital stock Of His Cooperation hereby fixed OIL
million OF dollars represented by thousand shares
hundred dollars each i've Per cent eash subscription shall
SHAH paid the time and in directed by the Boart
of Directors provided that not more tmn ten per cent Of @
/ than once within any thirty days
Should any subscriber neglect pay puncay Iii
nstamen insalments the and fall due
interest thereon al The eight per per shu
assec to pay rs nsaent Of nsailmgnis %l
thirty days after The specified time Of payment the Board
share shares upon which insalenl be due b
| ee thereof by advertisement,
| ARTICLE "
The said CORPORATION hereby assume all the obligations Of Johr
Sawson principal and Henry Hart Frederick Wntz
Patrick Irwin as security in and 70 the contract opnrche
New Orleans act passed before Charles Foer City
Notary on the seventh dag of February eighteen hundred and
@ 70 inc plan and speciheatons and within the lime and in
pay bens Of one hGndfed and 6ity thousand
sis oo@s aa e p'd Y 'h'
The cash payment of twenty thousand dollars advanced
pf
instments on the stock respectively subscribed by the said
in the proportion Of their Interests tie said cash payment re-
sa M 81 hs 3 ss 1 e Re s m The @
o the said purchase price viz One hundred and four thousand
several roissoy notes for the sum twenty iii thousand
fq pss sse % snd p ' h and GSsr y G. aea
dated The seventh day Of February eighteen hundred sixty,
two three and -four years from date per eeni interest
s pef ~ f0 sa a @ NdtyR Ra sh fad @
said s5 and and which sad oes are hereby assumed BY this Cor
maturity according 10 their tenor and effect
ARTICLE VI.
This Association shall into operation from aud after The
ARTICLE VIZ.
Th ehI AsS9esiqp @ sha hsrs Corporate ssa the device
Car and the name Of the Corporation traced thereon
ARTICLE WIZ.
~ These articles Of Association may be modified altered and
millions dollars manner provided by law with the
general meeting contened aer thirty days notec WRen
ever any increase Of capital shall be duly authorized sixty days
notice Of shall gvenn two newspapers published
the city of New Orleans within which time sockholers shall
AMOUNT Il their stoeS and any shares not as at
ne M expiration oi a time may be disposed Of BY the Directors
value. -''2's'''''' - is9' '''" p0f
ARTICLE IL. ~.
All powers of this Corporation shall be vested in Road Of
ba PsG,9T n IL s9 dbs e Sf s wss sas e Whom hs
capital stock OF said Association
ARTICLE K.
n The following p,, named stSskhodsrs s IT, John sawse
Samuel Smith, Armand Heine James o. Nixon l. E. For, ia
Josiah cole Y y y Msssieot and ties ". Hsme shall
shah 5 sa # ths ds rs meeting eee one o hs number Pssd
who shall be elected as provided in Article Eleventh.
ARTICLE
On the third Monday 10 December eighteen hundred six
shodess shall BE- held 81 tie Office Of The Cofpo
Orleans.
plurality Of votes Counting one vote for each share of soc
oed noD) shall be sufficient Directors wro shall al
& III Is :. seaa s ~
majority Of the whole Board and Upon whom ali and
l. shall the duty Of The President preside all meetings
Board shall eabsr Prssdant pro s a' who
shall Tor the time ing exercise the full OF President
fss qaa hs III sssRSs %
ers ot Drectors a least one week prior 10 election
ARTICLE xiii.
majority The Board of Directors shall be ia
form quorum decision Of such majority Shall Ne Wild
il sdn new reads or for lie purchase o so Wa 9
which shall require vote Of eeouh of the whole Board
ARTICLE XIV.
Any Director being about to absent himself for period of six
sad substitute shall have IN his Fight not e t6an
i've shares Of the capital stock of the Company provided
for the time being.
ARTICLE XIV.
The Board Of Directors shall appoint Secretary and all
clerks and agents and may move te pleasure
shall M me salaries o NJ Officers Of tie poraion, and the
amount Of security thai shall be required from any said
Said Board also delegate such power in the OF
own body or their officers agents they deem expedi
under conditions 10 them shall seem proper And hes
shall have to make laws rules and regulations and Is
eaue ii and shall also have power supply any yacan
eafed on account o DEATH resation ape Of b De d
number Of shares Insolvency absence without three
ARTICLE XVI
Books for the registry transfer of shares of the nna
stock shall be opened and kept subject restrictions direct
hooks and signed the shareholder attorney and which
Rsoss @ ne m g Close as often as
days time Should any subscriber stock desire to
hs shan ss permitted Do = y d subscription
ne pady e & oS5 Cd bs The substituted subc
ARTICLE XVII
failure from any cause to elect Directors dag named
held which notice shall forthwith given as provided II
ARTICLE xyIII.
Each shareholder a meetings election of Directors
other purposes shall be entitled directly or bV proyy ii
each share held by him. provided fnt M sta
holder shall In his hundred votes and
provided also that he shall have owned his stock Ut least three
months prior to the day of voting
ARTICLE XIX.
No two partners whose subscription is in the name of the
the inns as eets Of h asoeso s or 0s sba see b. e.
ef other City Railroad his partner be Director
ARTICLE
Minutes Of all the proceedings of the Board Directors shall
Pres and Secretary sign note drafts cheeks eer
hcaes stock contracts and all she evidences of debt Of
this corporation
ARTICLE XXI
The Board OF Directors may accept professionally any power
pryege conferred this Association by any amendment Of
any ordinance Of the Legislature or City Council
but the final acceptance of any snch power privilege shall
be determined by vote of majority in the Stock
holders.
ARTICLE xxTL rs
The liquidation of the this Association shall be made
meeting convened for that purpose days previous no
ce in newspapers published IN New Orleans Said linn
dators shall be solvent residents Of this city not in
debted 10 the Assoc a0n their term of Office shall assigned
liquidation shall be fixed,
ch the Stockholders may by resolutions In general
meeting convened, determine.
ARTICLE xxIfI.
The and respective Of the parties ia this act
are declared TO be as follows, to wit:
Names No of Shares AnaDnt
. b sinwson. ''.......' DO Sa0,DUD
Frederick WintHt..t...s..'...t..... l00 100000
Henry Hart .....-.t...........,,..... 1000 lGlON
fa5tlek sata Twin Ivy l990a