New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-08-18
N, o. CITY RAILROAD co.
GHaRrER OF THE NEW ORLEANS cry
u RAILROAD COMPANY.
UNITED STAIRS OF AMERICA, STATE or LOUISIANA,
CITY or NEW oRl.RANS.


UNITED STATES OF AMERICA, STATE OF LOUISIANA,
CITY or NEW ORLEANS:
BE known thai this fifteenth day OF June in tile year Of
lord eight hundred and sixty and Of
Rff BRNST a fS " S
the City and Parish Of New Orleans State Of Louisiana siore
pesred The hereinafter named and andersgped WIG
the Statutes Of the Stale Of Louisiana relative 70 oTgan
lion o Corporations in this State they have covenantgd and
Ind hoss {hs@ssS X, i@,0
latOns, regulations and obligations following, to.witi
ARTICLE oI.
The Corporate this Association shall be the NEW
ORLEANS CITY RAILROAD CuMPANN.' a.@
ARTICLE
The place of business and legs d9ms Of this Corporation
ARTICLE III.
The object of this Association construct maintain
City Railroads. with suitable nrnon.s and branches for the
Incidental powers aud privileges are hereby Or may hereafter
them for building and working City Railroads
-. ARTICLE Nv.
The Capital Stock of This Corporation hereby fixed
million Of dollars, represented by thousand shares
payable The Of signing articles remainder
=" po os h N n TN per e # mia
subscription shall be called for any time,
Should any subscriber neglect pay punctuay his
rs Of h raa h s a ne sn @na sa
added thereto from maturity I'LL and { any subscriber
thirty days afer the specified time ii payment the Board Of
lsss Shares 10 gs a ain @ OF sa s @
sold public aueon otherwise, after days previous
tice thereof by advertisement,
ARTICLE V,
The said Corporation hereby an the obligations OF
slawson principal and Henry Hart Frederick Win and
right for the construction Of City Railroads II the City
sSg and ogse IT, said CIV Rsa
s set forth II Thie here
aaa aF e Of S oe 3 y
dollars therein paid and agreed e. be paid by the said pur
The cash twenty& thousand dollars advanced
y a on Se e g e " @ ~
B. sagson Henry Hart Frederick Wntz and Patrick Irwin
pes1sy as the hes said sum viii apply f
e bs pe ss Wy Se G @
dollars for which the aforesaid purchaser has furnished his four
oa y himself to the & Henrg ha
@ VENT sna l k sb ad y e en
payable the Louisiana State Bank in This city, one
per annn from dae nn paid Which said notes were par
IP hea BY the s S Notary q them w 6 a95s
and expressly t. b. RID by the Company at
ARTICLE
This Association shall go into operation from and after the
date of this Act.
ARTICLE VII,
which shall be Crescent within Circle with two horses and
Car, and the of the Corporation traced thereon.
ARTICLE VII.
These Articles Of Association may be modified altered and
the capital may be increased any exceeding
s
e9f a3y Shall BE- a sxy
notice of the shall be given in two published in
have he privilege Of taking additional shares proper.
he o s s,ofe @ o h s not @
value.
All powers of this Corporation shall be vested in Boad
Directors consisting Of twelve persons each Of whom shall
hold III his own right at least twenty-five hundred dollars of the
capital stock of said Association.
."..m,.Mu ARTICLE
The following named Stockholders, viz John B. Slawson
Henry Hart Frederick Winz Patrick Irwin Alfred Penn
Samuel Smith Armand Heine, James o. Nixon L. Forsal
pose and are hereby constituted he first Board pseors
s Boar aa 9nS nv he
who shall be elected as provided in Article Eleventh.
g ARTICLE
On the third Monday December eighteen hundred and SIX
and s Il n ma esGa 6 S o Pee
etion 81 which election previous Of at least Ten days
shall be given in two newspapers published in the city of New
ARTICLE XII. "~" 49,
plurality Of votes tcegtn vote for each share Of stock
her @ mseing afeT election choose QUE Of their nun
Der for President Of the Association, who shall be elected by
otsr Legal processes shall be served ' ''D
g shall be duty of the President preside At ali meetings
Board shall elect one Of their members President who
All elections shall Be BY GaOt under the
ot Directors at least week prior election
| ARTICLE XIII.
majority Of the Board Of Directors shall be necessary
corporate except the purchase of the tight way
building new roads or for The purchase Of real estate
which shall require vote OF three of e whole Board
| Of Directors
Any Director being about to abseh himself for period
months oless nominate substitute in his stead provided
five shares the capital stock of Company aud provided
that said substitute be elected by the Board of directors
ARTICLE XIV.
The Board Of Directors shall appoint Secretary all
b R afe Of ali officers Of the eo poraon and Inc
of security that shall be required from any said officers
Said Board may alse delegate such powern the
own body Or their officers agents they may deem exped
emit may also appoint agents within and without this State
shall have power make bylaws rules and regulations aud
amend or alter the same whenever the interest Of the corporation
that may il their Board such vacancies may
claed account of DEATH resignation want of the requisite
number shares insolvency OF absence without leave for three
ARTIcLExy1.
Books for registry transfer shares Of the capital
shall be opened and kept subject 10 The restrictions direct
books signed he shareholder h attorney whicf
expectancy may require longer peod than tei
days time. shonld any subscriber to the stock
he Sha be do 50 y sbae q lie s5 use
ton IS satisfactory to the Board IF Directors
| ARTICLE XVII
failure from any elect Directors the day names
then II office sh@ hold oyer until another election
| Article L., and continued until an election is had.
| ARTICLE Xviii
Each Shareholder all meetings for the election Director
vote on each share Of stock held BY him. proyEed hat ~
holder shah vote his own name over five hundred
months prior 10 the day Of voting.
i ARTICLE XIX
No two partners Whose subscription name of III
eommereia linn Of which they are members shall be eligible
the time Directors Of This Association shall nj
Of this Company.