New Orleans daily crescent., 1860-11-07
N. o. CITY RAILROAD co.
-. -
rHAHsTER OF THE NEW ORLEANS CITY
~ RAIIR0AD COMPANY.
UNITED STATES OF AMERICA, STATE OF LOUISIANA
.ArnA, nE A.nNN nRI IN AMA. w.

reared be pesons hereinafter named sad undersigned who
sss @ sGSs a I n Ss ass " osSna
ton Of Corporations in this State they have eoyenanted aud
selves those whom they represent % form hemeyes no
Ss son,aS In5 mi ,s
ARTICLE
The coToTss gf 6i, AssgesGn M 'es So the NEW
ARTICLE II.
The place of business and legal dQmc Of this Corporation
shall be located In the City Of New Orleans
ARTfCGR III.
Tho object of this Association to and maintain
City Railroads. with suitable urneuts and branches for the
q s 9 @ INV hsTsssl
conferred them for building and working City Railroads.
ARTICLE iv
The Capital Stock of this Corporation Is hereby xed at
milton Of dollars represented by thousand shares ofone
nys s Sss sT e 81 e @ nd e
shall be paid at tho time and IN he manner directed T Boa5a
of Directors provided that not than ten per cent Of ad
subscription shall be called any time and not oener
thep ONCE within any thirty days .a,,.,,. N,
nstalment insallmenis the mature and fall due
ADDED thereto from maturity payment hid II any subscriber
negeets refuses his namen or nsialments within
Directors 10 themselves the right Of causing any
share shares upon which nsallenf may be dne 10 he
sold public auction otherwise after ten days previous no.
cs thereof by advertisement,
ARTICLE v. 5..
The Corporation hereby all the obligations Of John
sawson principal and Henry HA Frederick Wntz and
Patrick Irwin as security IN nnd % me contract q m % q
New Orleans passed before Charles II fortes City
ssisy tS 81 I
hs I a pea s 4d ana se S M % as IN
and made part hereof and also hereby expressly agrees 70 as
and the bonus Of hundred and thirty thousand
dollars therein gaid and agreed to be paid by the said pur
chasers IN the following manner, o-wit:
by the said purchasers shall be applied 10 the payment q hs
B. sawson, Henry Hart Frederick Wnu and Paek Irwip
In the proportion Of their interests in the said cash payment re-
their said they become due and or The balance
g. sf @ % be M onS Re III
several ponissoy notes fer the Of twenty thogaand
and faeE nwn s and G3S sy aa
dated the seventh day ef eighteen hundred and sixty
two three and four years from date with sin per cent interest
pphs h sfah y ahe asre Soarg identity hSa viii s
said Act and which sed notes hereby assumed BY this Cor
maturity, according 10 tbeIr tenor and effect
AErtcbE vi. n=9.
This Association shall into operation from aud after the
ARTICLE VII. -Y
This Association shah haf. Corporate Seal the device
which shall be Crescent wtain Circle with TIVE horses and
Car, and the name cfthe Corporation traced thereon.
4RTItIE viFI.
These Articles Of Association may be modified altered and
millions Of dolars Ia The nannhI provided by law With the
in general meeting convened after thTy days notice. W.
increase shall be duly authorized sixty days
te city Of Sew Oreans ahin which time seek6oders sha
fo fGSs 10 he amount Of their stock and ay ssres ao sss a.
the expiration Of thar time may he disposed Of BY he Directors
ARTICLE TX,
All powers OF this Corporation shall be vested Ia Boaa Of
pi,s9o,9 eo@sgg q Twelve Pe'%.s each q yson sh9
hold 10 h @ right e. ie9 senty se hundred dsaIs Of the
ARTICLE x.
The following named saGkhol4ers Viz Jehn b. slawson
asry o fgT Asas ns Ms .e PSS 8 rsh a 4 A.e Penn
Josiah Cole H. y Il MAssieo end Geo; W Helms sbnl
Shall ~ he meeting one Of their number Pesdent
said Board shall un superseded BY seeesors
who shall be elected as provided in Article Eleventh.
ARTICLE
ON the hd Monday III December eighteen hundred and six
os by Stockholders shall ~ the ose Of hs Come
ration Of which election previous notice Of st least days
Orleans
ARTICLE XII.
plurality counting vote each share Of stock
heir @ meeting their election choose one Of te aa,n
beT for President of the Association, who Shall elected ~
other legal processes shall be served.
BossS shall seet one Of Sst nsuay & 70 aes tha
hR al tae ne being exercise @ poSsTs & ho
sS be % & X pallet under @ shs q,
mot DfectoFs q, least one week prior any election
ARrfcLE KIN.
mHlsry q ts Baard e BiIeeoIs @ sha be
ss eSssp od S5 r. e pE5ehRe ,n q hs e e
which shall require vote Of three saihs Of he whole Board
ARTICLE XIV.
Any Director being about 10 abseat himself or peiod az
months les may nominate substitute IN bis stead provided
ald 5nosniae M m sa nays u ls eTn M not less than en
also thst said substitute be elected by The Board Directors
/ oF the time being.
ARTICLE xy.
The Board of Directors shall appoint Secretary and al,
clerks and agents and may move the same at pleasure
Of security that shall be required from any officers
Said may delegate power the transaction q
the ordinary basness Of the Company Committees Of their
emit Rnd may also appoint agents within aud without this State
under such conditions $50 them shall seem And they
alter the whenever the interest oil f
as5 st may her Board e vaesnees nsy y gSea r.
eafed on account q DEATH ssignaion want o the REQUESTS
ARTICLE XVI
Books for registry transfer Of shares of The canta
stock shall be opened and Kept subject the restrictions drec
b60 and signed by The shareholder his attorney md whc
said books the Directors close c6nyonence Of
days time should any subscriber The stock desire tc
e ssd s o m 70 mn M been nude
lie party purchasing provided that the substituted aabserip
| ion is satisfactory to the Board Of Directors
ARTICLE XVII
failure from 70 elect Directors the day named
thai Sed n 6ss @ Pt sba 'sy 6a aysF @ @ but
held Of which notice shall forthwith be given provided ID
ARTICLE xvIIL
Each shareholder nj meetings for the election of Director
other sss 81 o be s5 sRsd M ba directly s
holder shal vote in his name Ave hundred yotes
| months prior to the day of voting ''stes
ARTICLE XIX
No partners whose subscription in the name of ths
commercial firm of which they members shall be ehyihie n
the same time Directors this Association nor shall M
Of other City Railroad his partner be Drcto
| OF this Company.
of all the proceedings of the Board of Directors
the Secretary and verified by President and M
President and Secretary shall sign all notes. drafts checks cr
cate5 Of Stock contracts and all ether evidences of eht
| this corporation.
| ARTICLE
The Board OF Directors may accept professionally any nowa
privilege conferred on this Association by amendment
the law under which the is formed by The adoption
act or ordinance of the Legislature City Council
hut the final Of snch
be determined by vote of majority in amount ppy
| holders = Yaaa !
ARTICLE XIII
The liquidation of the as of this Association shall be mad
by three commissioners appointed by the Stockholders N
meeting convened for that purpose after sixty DAYS previous
tce in two newspapers published in New orleans Said laui
dcbted the Assoc ao their office shall b assiened
all necessary power shall be conferred on them The no
for liquidation shall be liked well their compensation
the Stockholders may by resolutions In
meeting convened determine.
ARTICLE XIII
The and respective interests of the pares to this
| are declared to be as follows, TO wit: ~
Names No. Of Shares. Amount
1 j. II; SiaRsGn. ...-...'s...'-..'s 20UO S110ON
1 Frederick Wintz.- 1000 lOO,G0S
| Henry Hart rt...........-....-.....- 1000 l00OG
/ fatflck irwin 1000 lO0Ws
| Alfred Penn. n..t.........+.......1... 1000 fA11N
| Samuel Smith Co .,.,.--...,..t...= 1000 Ial01j
| A. 4 NJ Heine. Observation-Disclosures. g95 g7 SY
| Josiah Cole. oe..,........,.............. $50 56'IN
| PeschieF & Forstall. 200 96n mi
u u NJ ssier Il oo.t.t .'.t:....t.-. apU 20ON
| JAS. o. Nixon. 200 1anN
leo leo W Lietnes- s-.'.t't-..' ...'tt',.. Ivy 200G
| n. y. liar 100 lOMH
/ II. T..