New Orleans daily crescent., 1860-11-27
N. o. CRY RAILROAD co.
OF THE NEW ORLEANS CITY
" RAILROAD COMPANY,
UNITED STATES OF AMERICA, STATE OF LOUISIANA
r1,t.sr int.1 1CaIztL 4 u. !. !.


UNITED STATES OF AMERICA. STATE OF LOUISIANA
CITY OF NEW ORLEANS,
b II known that this fifteenth day Of June In The year o. On
Lord a ss gsd Ss sss a eas ne S
before EDWARD BARNETT Ngiay Public ~ sId ~
said duly commissioned and sworn personally came and
.sSsfsy Va ha as'sS sasS
the Statutes Of the state q Lonisiaas teaSe V sne
selves and thoss whom they represent form hemsol
ations, regulations and obligations following, tewt;
ARTICLE 7. VT
The Corporate Of this Association shall 10 the -
ORLEANS CITY RAILROAD COMPANY" N
ARTICLE IL.
The place Of business and legal dane Of this Corporation
shall be located Ia the City Of New Orleans
ARTICLE Ifr
The object Of this Association Is construct and maintain
City Railroads. with suitable turnoats and ior Us
purpose Of carrying passengers and generally 10 eAsre en
incidental powers and privileges a rs hereby or nay
ARTICLE ~
The Capital Stock Of this Corporation hereby 1ed a ono
million OF dollars Represented by thousand shares q one
payable At The time d signing these attcics and
% " saPpsa 4 poSdsa hs " MI s ba @ pe e d
subscription shall be called for any lime and not otenes
Should any subscriber negec. pay pnncualy hs
nstanen or insaimen,s as the sane mature and f dgs
added thereto from maturity w md i any sgb.sS1 &
thirty days ae the specified time III payment he Board Of
Directors themselves tho right Of causing say
sold public aucon otherwise after ten days previous no
tice thereof by advertisement,
ARTICLE Vs.
The said Corporation hereby Az tho o. John
b. Slawson principal and Henry HINT Frederick Wnig and
Patrick Irwin security in and 70 the contract Of purchase
right way for the construction Of City Railroads IL the City
New Orleans as per act passed before Charles r. toIer cy
Notary the seventh day Of February eighteen hundred and
sixty and constrc, said C Railroads accord
Ing the plan and specifications, and within the time, and IA
the set forth said notaa which hete reerredtos
and made hereof and also hereby expressly 10 as
and pay the bonus of hundred and thirty thousand
dollars therein paid and agreed 10 be paid By the said par
chAsers, in the following manner, to-wit.
The cash payment Of twenty six thousand dollars advanced
by the said purchasers shall be applied To the payment o. tho
salments the stock respectively subscribed BY the said j.
b. slawson Henry Hart Frederick Wn.z and Patrick Irwin
In the proportion of their Interests in the said cash payment
spectyey SO far the said will apply In the payment OF
their said as they become due and or the baanes
doars for which s aforesaid furnished NJ four
several prpInssory notes. for the of tWentyX honsn
dollars each drawn by himself the order Of Henry Hart.
Frederick WuE and Patrick Irwin aud by them endoTsed
dated the seventh day Of February eighteen hundred aud sixty,
and payable at the Louisiana State Bank In this city,
three and four from date with nix per ceEt Interest,"
per annum from date until paid witch said par
aphed by the aforesaid Notary identify them with the afoe
said Act and which sgd oes hereby assumed hy this Cor
porAon, and expressly agreed to be paid by Tia Lpnanf
maturity according 10 their tenor and e1sS