New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-08-16
N. o. CITY RAILROAD co.
CHARTER OF THE NEW ORLEANS on
- r. ABROAD COMPANY,

~ kAILkOAb GuMPA&A.
UNITED STATES OF AMERICA, sTAfEoF LOUISIANA
cry OF NEW ORLEANS.
Be Il known that this fifteenth dag ue the year Of orr
lord thousand eight hanred ana sxly snt Of The imas
Bss s 'f BARNE f S 4"
The City Parish of New Orleans State OF Louisiana etore
a a." Ss maj VIC
severa declared that ayaIng themselves q me nreSo o.
ion II Corporations in state they have coyenantsd and
ssyes and whom hey form the%seys into
md scs1 SS oSsa Gf as oe@ a S %
Article l.
sg f 81 bSSf %S sn9 be the
ARTICLE il. H.. m=5
place e ogfnss aud I ega dGns Of this Corporation
ARTICLE III.
The object of this Association is and maintain
city Railroads with suitable unouts and branches for the
incidental powers and privilege are hereby may hereafter
ARTIeLE ". ".ya@ oz
The Capital Stock this Corporation hereby axed
million OF dollars represented by Ten Thousand shares Of one
payable at lie Tine q signing these articles remainder
Of Directors provided that per of aid
subscription shall be called for at time, and not oene
Should any subscriber refuse neglect to pHnetuas his
interest thereon eight per shall be
added thereto from maturity d agment and i my s6efSST
Thirty days after the specified time Of payment the Board q
share upon which any nstamui be due to be
sold pnbc auction otherwise after Ten days previous no
tce thereof by advertisement
ARTICLE V,
Corporation hereby assume all the obligations Of John
PatieS Twin IS security ia and 10 the contract purchase Of
right Of for the construction of City Railroads in the City q
Notary on he seventh day Of February eighteen
ing to the plan and specifications and within the time and in
in said whieis hee reteredto
pay the bonus Of hundred and thirty thousand
dollars therein paid and agreed TO be paid by the said pur
Chasers the following manner, tO-wtt:
The cash Of tyeatysx thousand dollars advanced
s!smen the stock subscribed By the said
in the proportion Of their interests the payment
speetiye fSE IS the sad sum viii apply in the Of
Of the said viz One hundred and four thousand
dollars each drawn by himself the Of Henry Hurt,
dated te seventh day Of Eebrqy eighteen hundred and sixty
two three years from with per interest
agnnn from date until paid which said notes were par
and which sid Totes hereby assumed y th co
maturity according to their tenor aud effect
ARTICLE Vs. @5a-.m
This Association shall into operation from and after the
This Association shall have Corporate Seal the device
which shall be Crescent within Circle with two horses and
Car, and the Of the Corporation traced thereon
| ARTICLE vIII.
These Articles Association may modified altered
two millions q dollars manner provided by law with The
Of wohds in amount 81 al Che Stockholders obtained
ever any increase capital shall be duly authorized sixty
he eS % Il new oans Within time sa
have the privilege Of taking additional shares in proper
the expiration Of that time be disposed fly the Directors
| ARTICLE
All powers of this Corporation shall be vested in Boad OF
Directors consisting of twelve persons each of whom shall
hold in his right least wenyf hundred dollars Of the
| capital stock of said Association.
ARTICLE
The following named Stockholders Wiz John B. sIawson
Henry Hart Frederick Winz Patrick Irwin Alfred Penn
JOSIAH Cole T. MASCOT Geo. sRs sal
sSe as meeting elect haaber Prssdsa
and sad Board shall serve gn superseded their successors
who shall be elected provided in Article Eleventh.
ARTICLE XII.
On the third Monday in December eighteen hundred six
~ lie stoeFhoaels shall os held az The oce Of Tie Copo
ration of which election previous notice Of al least day.
Orleans
plurality Of votes counting vote for each share of ocE
her forlshall sufficient to elect Directors shall
majority of the whoa r election choose of their
other legal processes shall be served hal be elected by
II shall be the duty Of the President preside
BoaP S h a s CT o n q @ Or a to
shall for the time being exercise he full powers Of President
y he Roald o@ anoag bs
es Wo' Dectors at least one week prior any election
ARTICLE XIII.
majority of the Board of Directors shall be necessary
form quorum and dec ion of such majority sfa be 3 vi
or IL bdnE new d9s 81 r ~ q The g
which shall require vote three ouhs Of whole Boar
ARTICLE xiv.
Any Director being about 10 absezt himself for period of ii
months oless may nominate substitute in his stead PROVIDE
said Substitute shall have in his own right moi less Thai twenty
also that sal substitute he elected by III Board Of peetea
i for the time being -
4 ARTICLE XIV.
The Board of Directors shall appoint Secretary md al
s bs Sna ss sgsGs and may the pleasure
amour security that shall be required any said officer
Said Board may also delegate sueh povef in e
the mary business Of the Company to Committees Of tbe
emit and may also appoint s4eas II lay a a% dfen eSpsd
der such conditions as 70 them shall proper And tey
ald o. ater the same interest Of corporation
ee @ nay n thsr Bdai 9 a e sgeR any
eared on account Of DEATH resignation Of the REQUISITE
number Of shares insolvency absence without leave for three
ARTICLE XVI.
Books for the registry and transfer shares of the capita
ed by the bylaws Al transfers shares shall made on said
said books the Directors close as convenience
days lime should any bsbs i e e Ps as a hsn 95
s, a h e ni f9y y 70 i payaea having been made
e Ge paE,y pagsnasns provided .a ne substituted abscrip
ARTICLE xrII
failure from any to elect Directors on the day named
for that purpose shall not dissolve this Association buf The hi
which notice s6a oh G'f BE- s1en aa9 S n,e essSn
| Article II aud continued until an electonis had.
l
Each shareholder, al meetings for The election of D;s
or other purposes shall be entitled directly OF hy NAV ~ MI
each share of stock held BY him foyiaa fat TX si
holder sa name over i've handad g ne ss9 s
provided also that lie shall have owned lis al least three
/ months prior 10 the day Of voting, $50
ARTICLE XIX
commercial Bn of which they are members shah he ii M
The same time Directors of this Association nor shall III
rector Of any other City Railroad his partner he Director
of this Company ~
ARTICLE
Mihnesof all The proceedings Of the Board Of Di,eeor
be kept by he Secretary and verified by the President aS ~
President aud Secretary shall sign all notes drafts cheek
tlheates Of stock, contracts and all stheF evidences az @
this corporation, - 9- u
ARTICLE
The Board Of Directors accent provistonalIy srI ~
Or privilege conferred on this Association any
the law nner which the is formed Of BY the aaonfnn ~
any new act or ordinance Of the Legislature or civ anr
put the maj acceptance of any snGh power or pviee a
pe 1eernined by vote Of amorty amount OF the Soe
holders. = ~ 'oeA-
ARTICLE xxIL
The liquidation o. the affairs this Association shall he ,ade
Wy three commissioners, appointed by tie S6gkho1es ~ y
meeting convened Tor that purpose after sixty P6ns M
nee m Two newspapers published Ia New Orleans Snid lin
gatot snail be solvent residents OF s ci; MOI In
d 10 the Assoc aton their term Office shall ba asS,gne
a necessary power shall be conferred them The nprind
Tor liquidation shah he fixed well us their cppesatn IN
seh manner g. The may By resolutions in general
meeting conRelled determine. " 5
ARTICLE xxIII.
The names aud respective Interests of the nnrtias IN ~
arc declared to be as follows, 10 witt H " S '0
Names. No. Of Shares Ap,oprt