New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-10-30
N. O. cry RAILH load co.
yIARrER OF THp NEW ORLEANS olTY
y RAILROAD COMPANY.
UNITED STATES OF AMERICA, STATE OF LOUISIANA
cITy or NEw 6pIEANHt

UNITED STATES OF AMERICA, STA TE OF LOUISIANA \
CITY OF NEW ORLEANS:
Be known that this fifteenth day Of June in the year Of
lord thousand eight hundred ana xty e he ind
Il ss Rf SA fSfs H.
the CITY and Parish or New Orleans ste Of Louisiana etore
Sa "a $
ssyegay declared hat ayPng theme yes q ne
on of Corporations in this State they have coyenaned ma
selves and whom Gsy ofin iheassys, aia,
latons regulations and obligations following, to'wit
ARTICLE l..
The Corporate of this Association shall bethe NEW
ORLEANS CITY RAILRoApCoMfANY"
ARTICLE
The place Of business and legal dohc OF this Corporation
shall be located in the City Of New Orleans
ARrIoLE tII.
The object of this Association Is 10 construct maintain
City Railroads. suitable aud branches for tia
incidental powers aud privileges hereby may hereafter
be conferred them for building and working City Railroads.
ARTICLE w
The Capital Stock this Corporation hereby fixed at
million o. dollars represented BY !e honsaud shares q ogs
payable at thu time d sgnns these artie. mud rendss
sha epa nj the time and In directed by Board
Of Directors provided that than per cent d d
subscription shall be called for At any e Time hd not oite
hs oT , w,tha Any thirty deys i nav M
nstanent staments " tho se mature and f1 fgs
added ereo from a m % and Il fny ae,
thirty aay aSF e sBsSes ms E q sam s h9aFa M
share shares upon which nsIent be due to y
sold al public auction, otherwise AFTER days previous
ARTICLE VI
The said Corporation hereby m the obligations john
b slawsou principal and Henry HAT Ftederiek Wntz and
Patrick Irwin security in and u h contract q pgrehsse Of
right way the construction Of E Railroads IL the City q
Ss .s on he per I'd fgF sby
sixty and o6gates Itself construct sud CITY Railroads accord
The manner said notariaac which here referred to-
and %s % sda s a % os Ss
chasers, in The following manner toWit
The cash payment Of twentsix pasand dollars advanesd
RI M saa 4e &c Fsa IT,
the proportion q their nteests sad cash payment
spectiSey far the said will apply IN the payment Of
their said they becom due and for Tie balance
dollars which he Aforesaid pacbser bas furnished hisfour
several promory notes. for the SUM Of ientys thousand
de- wR ss e ea % as@ a9
and payable A. The tous9na suite tmk Il this city q one
hec and four from date with SIX cent interest
RPe PEI s ~ The eed Noagg " 70 Edf i hs viii he
sad Get which heTeb$ 81 hls
maturity, according to their TENOR and effect.
ARFIoLE w.
This Association shall go into operation from and after the
ARTICLE VIII.
This Association shall have ooaarae Seal the device
Car and the name Of the Corporation traced thereon
ARTICLE X IT..
These Articles of Association may be modified altered and
Two millions Of d9srs N ,s magts Eroyae " law with shs
n a se as s
aver any Increase capital shall ay authorized sixty days
Inc city Of New orsans within which sioes6oder Shall
have the privilege Of taking additional skates in pr6ror
tion to the amount Of their stock an any shares not taken
the expiration Of that time disposed Of by the Directors
fer the benefit of the Asocaon but not az less than par
value.
All powers OF this Corporation shall be vested In Boad Of
Directors consisting of twelve peons each OF shall
hold In his right at least twenty-five hundred dollars OF tho
capital stock Of said Association. ~
ARTICLE 4.
The following named Stockholders VII: John H. slay4
Henry Hart Frederick WiniE Pjtrick irwin Alfred Pa
Samuel Smith Armand ene, JaInes o. Nixon L. FcTssa
pose and hereby constituted the rst Directors who
shall their FIRST meeting elect oneof their President
and said Board shall serve Ru snrceded by their
who shall be elected as provided in Article Eiesenh.
ARTICLE xI.
On the third Monday December eighteen hundred and x
ty-one annually lhereaer eciUu twelve Direct
by the Stockholders shall be he the Office Of the Coo
ration Of which election previous hotre OF at least
shall DO given in two newspapers published In the city Of Ne
Orleans.
plurality Of votes Counting on vote for each share Of stock
voted upnn shall be sufficient TO elect Directors ha ~
their l meeting after their election choose uun
her for President Of the Asociaoh who shall be elected by
majority Of the whole Board and upon whom all citations aud
other legal processes shall be serveI.
It shall b. the duty Of the President preside all meetings
Of the Board md in 81 ahkeucn inability act
Board shall elect Of their mrhes President pro teu who
shall for e time being exercise th full powers Of President
All elections shall be by ballot nder the superintendent Of
inspectors appointed - Board from among the stockhod
es tnot DeetntB) W ltast ooe prior 10 election
ARTICLE w1IIr.
majority OF me Board Of Diree,os shall he paeessar IA
form quorum ana decision 81 sl majority sbaa be valid
cOrpsFnie act except o the pnreh4 Of the right way
building new roads o. io " purchase VI estate
which require vote OF three Nl s u the whole board
Of Directors. TfAAeeH
Any Director being about for .eFIoa a st
MD ss,siats sdaIl have In hi IA ifnfe