New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-08-11
N. o, CITY RAILROAD co.
6rEfARTER OF THE NEW ORLEANS cry
" RAILBOAD COMPANY,
UNITED STATES OF AMERICA STATE OF LOUISIANA /
CITy Ms XIV

statues OF the Louisiana
agreed and do by these presents agree bind them
md constitute Corporation for he Seeis aud npdcr lie pS
lations regulations and obligations following, 20 wit
kRTtcLE l.
The Corporate this Association sha he the NEW
ORLEANS CRY RAILROAD COMPANY"
ARTICLE
The place Of and legal domc Of this Corporation
shall be located in the City Of New Orleans.
ARTICLE III.
The ebIect of This Association is 10 construct and maintain
Railroads. with suitable and branches, the
q Ssry 5 and gePRegay to such
be conferred them for building and working City Railroads
ARTICLE ~.
The Capital Stock Of this Corporation is hereby fixed at
hnd I've sr CENT d faaS pS e
sRs be paid al the time and In the manner directed Sy The BosTd
Of Directors provided that than per Of said
than once within any thirty days.
Should subscriber refuse neglect punetlly his
thereon III rate Of eight pr cent per annm Shall il
se is q fnS Sn
y days AFTER the BBSaea time OF & nj thu Board
share shares pon which any nstalment may be due 10 be
sold at public auction, otherwise after days previous
tice thereof by advertisement,
ARTICLE Y.
The said Corporation hereby all the obligations John
b. Slawon principal Henry Hart Frederick Winz and
Patrick Irwin security in and the Of purchase Of
New Orleans as per ac passed before Charles T. Fore Gy
Notary on The seventh day of February eighteen hundred and
ing 70 the plan and specifications and within the time aud in
forth
made part hereof also hereby expressly agrees
pay The hundred thirty thousand
oo@s paid The
The cash payment Of twentyN thousand dollars advanced
the stock respectively subscribed by The said j
in he proportion II their interests in the Said cash
So M @ the S Sey ece d IL T
Of the said purchase price viz One hundred and four thousand
several pTonssory notes sum 81 tentysz thousand
dollars each drawn By himself to the order e Henry Hart
dated e seventh day Of February hundred aud sixty
i've three and four years from dae @ SIX PEI cent interest
from date Inti paid which said notes par
said Act and which said loes hereby assumed BY this Cor
porion aud expressly agreed to be paid by the Company
maturity, according 10 their tenor and effect
ARTICLE VI.
This Association shall into operation from and after the
ARTICLE VIZ
This Ass9siatien shall hays Corporate Seal the device
Car aud the name ofhe Corporation traced thereon.
ARTICLE VIII.
These Articles of Association may be modified altered
Tvs mons ss q d Il 5e 3 Ia sw
Of twohrds in Of all The Stockholders obtained
e9aT any neTease eapia shall duly aaoaed Sixty
hs s % u Sew ons WITHIN WHICH m saa
have the privilege Of taking additional shares in proper
the expiration Of that time, disposed by the Directors
value -
All hs eGP0son shall be Vested Boad #
hold in his own right at least twenty five hundred dollars Of the
capital stock Of said Association.
ARTICLE Z.
The following named Stockholders viz John b. slawson
Henry Hart frederick WntS. Patrick Irwin, Alfred Penn
josiah Cole D. j. & Massicot and Geo " mea Shall com
Shall their first meeting elect Of their number President
and said Board shall until superseded by their
who shall be elected as provided in Article Eleventh.
ARTICLE
third Monday in December eighteen hundred and six
is " Tie soekhoders b The Office IF the corpo.
ration Of which election previous notice Of at least days
Orleans.
ARTICLE XII.
voted ao & e S ss bee asa mne & 4
their rst meeting after their election choose Of their
majority Of the whole Beard and upon whom all citations md
II shah be aatg Of the President preside all meetings
q ths Board and n case q = obscene Sr inability 70 aet he
shall 10 being powers Of Presiden
AZ s S H dag nPS 6 s III
mot Direeors) at least one week prior any election
ARTICLE XIII.
A majority Of The Board Directors shall be necessary Il
form quorum, and decision of such majority e4l vae
cooperate except for the purchase Of the right Of way
which shall require of reeourths of le whole BOAR
| Of Directors.
Any Director etug about absent himself for period
aid substitute shall have in own right not sss than
five shares Of the capt stock Of the Company provided
We etnSteh ~ boau eA
for the lime being, 5@@n5
ARTICLE XIV.
The Board Of Directors shall! sppoint secretary aud al
4 security mat slaii Nss51d from ny oicar
said Boa5a |a slss delegate 1T such
body or their officers agents deem expedi
under such Conditions them shall seem PIT And they
shall have power to mske bylaws rules and egei IS
may require it, and shall also have power supply 1scan.
e es % Account i death rsash wst o thu
number Of shares insolvency Or absence without leave for
ARTICLE XVI.
Books the registry shares of the capital
e sRs b 9a R to Sa T.
books and signed BY the shareholder or his attorney and which
i l shan anv s NJ '1 a p oa sh tei
he shall be permitted g Dc 50 M q The Subscription
lion is satisfactory the Board OF Directors,
| ARTICLE xvii.
failure from any cause to elect Directors the day
then il Office shnl he'd eyer aatii another election
1 Article r. and continued until an election is had.
ARTICLE XVIII
Each shareholder all meetings for the election of Director
vote stock held by him prGv}ed that no stock
hode, shall vote in his own name over aye hundred votes
mouths prior TO the day Of voting.
/ ARTICLE XIX.
two partners. whose subscription is ia the Of III
cenfeciat firm Of which they members, shall be eligible
time Directors of this Association shall hi
Of any other City Railroad his partner be Dirpeo
/ Of this Company.
Minutes all the proceedings Of the Board of Directors Ma,
President and Secretary shall sign all notes. drafts checks cer
tileaics Of stock contracts and all ether evidences OF deb
/ this corporation.
/ ARTICLE XXI.
The Board Of Directors may Professionally any powe
privilege conferred this Association by amendment
the law under which the same formed by the adoption
but the final acceptance Of any such power privilege shall
be determined by vote of majority in of The Stock
i holders.
The liquidation Of the affairs Of this Association shall lie mad
by tee commissioners appointed by the Stockholders al
meeting convened for that after sixty
lice in i've newspapers published in New orleans Said qu
dator shall be solvent persons residents of this city, not IN
debed the Assoc aon their term Of Office shall assigned
I'll necessary power shall be conferred them The pere
for liquidation shall be liked we'll their epers atton
such manuer the Stockholders may by resolutions genera
meeting convened, detefnine
| ARTICLE xSItI,~
The respective interests the parties to tb ae
are declared to lee as follows, to wit:
Names. No; af shares. Amount
| j. b, sInwsnn, aAO $4,000
Frederick Wintz.. ..,......... 1910 IMfu0
Henry Hart. 1000 lGJOG
| Patrick Irwin. lnnN}
/ Alfred Penn. OBSERVATION-DISCLOSURES, 1000 lfanA
| Samuel Smith * Co.. 1000 1,4gOD
| A. X NJ Heine. 995 $50
| Josiah Cole. ,....4,....=...t.... 26U 26N1
| Peschier Il Forsta. ....... ......t. 2N 2001
| j. L. Warner Il CO. .4..4,.s.8t..... 2UO GOO
| Jas q; NIXON. ss,tt.....z ..t,,t...s, 80 21,O0
| Geo. W, Helinet. aN 2D00
~ J. Hart ...s..s+st..5..s..,s' 100 lD00
| II, Iaflor-+ OBSERVATION-DISCLOSURES. iD0 1909
| Michel " koontz ,.'.t,.t.-... lUO 1909
John u, Schiller lM 1000
| William Massey .............,... 100 1905
Intrisnp d IrT,4a