New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-12-15
N. o. CITY R,AJLROAD co.
QUARTER OETIfs NEW ORI,EANs CIT
" RAILROAD COMPANY,
UNITED STATES OF AMERICA, STATE OF LOUISIANA
(JrxyG n

The City and Parish New Orleans state Of Louisiana aorc
caed he eo mi s%1 ns s9d de sa AZ
seyeay declared that ayaing themselves Of provisions
ton Of Corporations in this sate they coyeuanted aa
syes and those whom tRey 70 or theseys no
and constitute Corporation for the objects and under the spu
lationa, regulations and obligations following, to-wit;
ARTICLE I.
The Corporate Of this Association shall be Tie NEW
ORLEANS CITY RAILROAD COMPAKg9
ARTICLE
The place Of business legal doc Of this Corporation
shall DO located in the City of New Orleans
.-.... ARTICLE
The object Of this Association 10 construct maintain
City Railroads, with suitable turnors and branches for tb
purpose o carrying PASSENGERS and generally exercise sucf
be conferred on them for building and working City Railroads
ARTICLE ".
The Capital Stock Of this Corporation hereby fixed at one
million Of dollars represented by thousand shares Of ont
hundred dollars each five per Of subscription shall M
shall paid al tho time IN manner dreeed BY lie soart
subscription sha he called for al time, and oftene
than ONCE within any thirty days.
nstalment or insalments the mature and fall due
thereon AZ the rate Of eight cent shall be
negects or refuses pay hsinanent nsaniens within
70 emares G he 81 4t # hs Sars
share or shares upon which my insainent due
tee thereof by advertisement,
ARTICLE v. *u5
The sadCorporaon hereby oil the obligations OF John
sawson principal and Henry Hart Frederick WHIT and
fasS as security in and 70 the contract Of purchase Of
Cl 81
N Men, oen as per aet before Charles Fors City
a e Rsroads
ing % The plan and specifications and within the time and in
and made part hereof and also hereby expressly agrees as
doa y IN a 2a q one hundred and thirty Thousand
chasers IN The following nanner to.w: p1 ~ Pun,
BY tie said purchasers shall be applied The payment Of he
B. sa%son He HIATT Wnz sn pS By e ad
~ M p9poF9a Of he Il the said cash
tIey
Of the said price VII One bundled thousand
several proissoy he sum Of twentyx thousand
Frederick Wniz and Patrick Irwin and BY them endorsed,
dated the seventh day February eighteen hundred
two three and four from date with per cent
PEI a b Foa cate w.t. paid which said notes were
sad Act and which said otes hereby by this Cor
maturity according 10 their and effect. ~
ARTICLE VI.
Tins association shall go into operation from after the
Article VII.
Ths Asi2geti9R shall have Corporate Seal the device
Car and The name Of the Corporation thereon
ARTICLE vIII. ~~m. a.u.~
These Aees Of Association may be modified altered and
two Iailiqns Of dorS in the manner BY law with the
general meeting convened aiSsr thirty days notice Wbep
essE n Increase shah be duly authorized sixty days
he ey ot NeT otAAE within which time Stockholders sha
asye rs Psge o ct Eag additional shares II proper
lit boat Of Tie 1ssocs5 Bat nos IL es tha6 II,
value. fe'
4KrrcLEr Il.
An PAYERS " this Corporation shall be yeg.sd II oad u
Directors consisting Of twelve persons enc or WHOM ba
ho4 II h rg lsasf hundred dsaFs u THU lit
capital stock Of said Association. N
% &@ ARTICLE x.l-JM "@.
The following named sockholdera viz: JOAN B. slawson
Henry HSrt, Federick Whit Patric. Irwin Ared Renn
@ a sas 9 ana Oh WIZ " s
pose 1 are aere5 constituted the m Board Of Directors who
and s4id Board shall servo qt tAslr successors
who shall DO elected as pTo7ided ln Article EieFestl.
ARTICLE ~.
On tie bird Monday in December eighteen Eun6red and
tyone 9ud &nn4ly hereaite eeton for twelve Direct
ration Of which election previous notice d al least tel dy
5h% Is sEen " I'VE published in the city
M..m ARTICLE Kim.
glaraity of vote share of stock
Their st meeting stie their eeeion choose one their
Il Sian u the duty Of The President preside all meetings
BosTt snail elect enc Of their members President po fer Who
~ shs b b h X 9slo under
err mot DFecors Of least one week prior any election
. ARTICLE KIN.
majority of the Board of Directors shall be "a
act for the purchase tight Of way foF
orn building new roads for the purchase real estate
Of Directors. NN''4
Any Director being about TO absent himself for nar f
months oress may nominate substitute in his stead provided
sad substitute shall have il his right than twenty
i've shares Of the capt stock Of The Company provided
also that sad substitute be elected by he Board Directors
ARTICLE XIV.
The Board Of Directors shall appoint Secretary, and ali
ef5 aGq agents and mFy sfmoSe the same pleasure
amount Of security that shall be required from any said ocer
Sail Board may also delegate power the transaction of
he ordinary business q the company 10 Committees of their
own 199y or er oaess OF agents they may deem exped
under such conditions them shall proper And tIeT
nend alter the same whenever the interest the corporto3
may fe,qae " nm sh also nave power to supply any
Shared Of DEATH resignation want Of he feone
amber of shares insolvency without leave for tbree
successive months IVA '+t'e
ARTICLE XVI
Books for the registry transfer shares of the capa
stock shall be- opened and kept subject the restrictions
ID BY the laws An transfers Of shares shall be made on id
mid books he e may Close as ofsn as sna whsh
xpedeney may require but not for longer peiod than ten
same previous 10 fill payment haya bee esse te
fha 9 t. Dc 50 h. @ m 9 ne Subscription
ion is satisfactory TO the Board of Directors.
ARTICLE XVII @=.@A .u5.=z..1
failure from any cause elect Directors the day numed
sg % s S, II ns Se h hold oyer until another
Article Il, and continued until an election is had.
ARTICLE XVIII
Each shareholder all meetings election of Director.
other purposes shall be entitled directly OF bv
each share Of stock held by him. provided that Stoc
FOLDER shall vote in his five hundred votes and
provided also that he shall have owned his stock at least three
months prior TO the day of voting. ~
ARTICLE XIX. @m=
No two partners whose subscription in the name of tbe
commercial firm of which they shall he eihle At
he time Directors of this Association nor shalt n
ector Of other City Railroad his partner be Director
Vt this Company.
ARTICLE
Minutes of all the proceedings Board of Directors "
kept by the Secretary and verified by the President and
RESIDENT and Secretary shall sign all drafts checks cer
hcaes OF Stock contracts and all ether evidences of debt Of
his corporation. "
ARTICLE
The Board of Directors may accept Professionally any
privilege conferred this Association any aend ~
he law under WHICH the is formed by adopon of
my act ordinance of the Legislature Civ tnunc
the final acceptance any such power privilege shall
determined by vote of majority amount Of the Stoek
folders. - ~
ARTICLE xxi
The liquidation of the affairs this Association shall he made
" three commissioners appointed by the Stockholders Al
Meeting convened for that purpose sixty DAYS M
ice in newspapers published in New Orleans Sad ioni
ators shall be solvent residents this CITY, not in
ebted 10 the Associations their of office shall he assn
II necessary shall be conferred them Tie neriod
or Liquidation shall be fixed well their compensation in
uch mner the Stockholders may by resolutions in general
leetng convened, determine. " e"
ARTICLE XIII.
The and respective interests of the pares IN ; MAJ
re declared to be as follows, to wit:
Names. No. of Shares aro,,,
!. - hiaWSnii. 2a1n $2AONG)