New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-12-14
N. o. CITY RAILROAD co.
CHARTER OF THE NEW ORLEANS CITY
~ RAILROAD COMPANY.


Lord thousand eight hundred sixty, Of the Inde
before me- EDWARD BAESETT Notsrs Public ia and foi
s@d sss % sns snd
peared The hereinafter named and undersigned who
the Of State Of Louisiana relative to organi
md 20 W y ss age snd n bm
selves and those whom they 10 form themselves
lations, regulations and obligations following o-wit:
1 ARTICLE 4.
The Corporate this Association be the NEW
| ORLEANS CITY RAILROAD COMPANY
/ ARTICLE II. @.~u@
Th9 place Of business and ea d9mc of this Corporation
| ARTICLE
The object q this Assosato Is eoas2t snd maintain
purpose carrying aud gne. to exercise such
ppweEi anf q hereby Of tay
| ARTICLE ".
The Capital Stock Of this Corporation 4 hereby fixed
hundred dollars each I've per cent Of each n5cpoS b% p be
PsygPIe a. % Tine signing tsse articles and he Fsm4nde,
q hirscos provided hat not than Of ad
should subscriber neglect pay puactualy his
nstaiment nstaments the and fall
interest thereon q the Of eight per shall
negee OF . pay lis astament or iasa s wtbn
y ays ateT ne sPeelaea me q payment the Board of
SHIRE Or shares upon which any may be due to be
tce thereof by advertisement
| - ARTICLE Y.
se aa hss a en az ne oga9zs n
Patrick Irwin security 10 the contract Of purchase Of
New Orleans act before Charles E. Fore City
aess 5 sa g Rsoad
ing to the plan and specifications and within the time and in
and ade hereof and also hereby expressly agrees
dollars therein paid and agreed 10 be paid by tie said
chasers in the following manner o-git
sa shall applied to The paysnt q e
saso Henry Hart FradereS Wns and PsS s Irwin
a proportion OF Their interests "a the said cash payment
ss ss id they become da and f9 The balance
dollars which The aforesaid purchaser furnished his four
several promssory notes Tor the Of wenysix thousand
Frederick Win and Patrick Twin and By them embossed
and payable 1t he Togsana sa Ban Il b e ad
two three and four from date, with per interest
So ga to dea a a9tsi hs
n a a % o,es are efeoy assusa y his Cor,
maturity, according 10 their tenor and ehect.
4 MvH ARTICLE vi.
This Association shall go operation from and aftr the
4 ARTICLE VII. s7m
This Association shall have Corporate Seal the device
Gar and he name q liz Corporation traced thereon
| ARTICLE VIII.
These Articles Of Association may be modified or altered
the eRa s9ek aa &c increased to any sum not exceeding
Of two-thds amount Of Ill He stockGoIdsFs opaaed
a general meeting Convened fter thirty days notice. When
notice same shall given in ; ne pspers pGbhed IN
b p as 81 aa ndddaa 9 Ssas h @
ton the Of their stock aJ shares not taea al
Tpatiap Of he tine e disposed b ths Dreetors
a the benefit Of tie Association But not Of less than par
ARTICLE X.
All powers Of this Corporation shall be vested in Boad OF
Directors, consisting Of twelve persons each whom shall
| capital stock of aid Association
ARTICLE <.
/ The following named Stakeholder john b sav5on
Henry Hart, Frederick WintE Patrick Irwin Ai1ed Penn
snaqe Smith armand Heinc james Q. Nixon. Z. Forsta
pose and sFs hereby G Board 81 s s een
ss ~ tsc neeng cleo one OF ther number President
who shall be elected rs provided in Article Eleventh.
| ARTICLE
On the third Monday December eighteen and sx
yqne eud annually thereafter an election ec twelve Direct
ration which election previous notice Of 1t least len dy
shall be given in two newspapers published in the city Of New
AE1IcLE XII.
Apray Of votes Counting for share of stock
voted upon shall be sufficient elect Directors shall
Der for President Of the Association who shall be elected by
SF b upon whom all citations and
shan Be- the duty Of she President preside ss meetings
of the Board and in 81 his absence inability act
Board shall elect of their members President pro tenn who
ali 2e fbs sna & e
appointed BY the Board from among the sockhold
ef or Directory at least one week prior any election
ARTICLE XIII.
Amory of the Board Directors shall be necessary to
corporate except purchase Of The light Of way
o.in building Eew roads Or for The purchase of real estate
which sha require vote CT threeeurhs Of the whole Board
| Of Directors
|
Any Director being about to absent himself for of
months oless nominate substitute in his provided
said substitute shall have in lis right not less than twenty
also thai said substitute be elected by the Board
| for the time being.
/ ARTICLE XIV.
The Board of Directors shall appoint Secretary and all
clerks an5 agents and may remove the same at pleasure
amount Of security that shall be required from any said officers
Said Board may delegate such poweru the transaction Of
me ordinary business o. me Gorahy to Committees of their
emit and also appoint ageus within and without Ibis stSte
under such conditions rs 2 them ss proper Aud they
amend alter the wherever the corpar Oh
1s tas my s oad s9th vacaeIes my NY f 5s De-
clare Of death, resignation feoisite
hHnVefot mares Ycnty or absence without leave for three
ARTICLE XVI
Books for the registry aud transfer Of shares the capital
STICK a be onsned ard keF SUBJECT 70 The restrictions direct
books snd signed by shRreh or hs aofiey and Wb
sd books the Directors close ncn convenience OF
5Fa am eFbs S to lie o ,ss d es ten
transfer the FtevicHs full payment having been nude
q HE parry purchasing provided a the substituted sat5crip
| tiou is satisfactory 10 Tie Board OF Directors.
1 ARTICLE xy1I.
for that purpose, shall dissolve this Association Ln The Iii
3 If Witch nSe o aiS az be ga anGs
| Article r. and continued until All eectionis had
4 ARTICLE xviii
Each shareholder all meetings for the election of Dirsctor
vote share held by him. provided dat M StocL
holder shall his hundred y6es am
provided also that he shall have owned his stock at least thTee
| months prior TO the day Of voting
| ARTICLE XIX.
No partners, whose subscription is ia The name of the
commercial firm of which they members shall be eligible n
Of other City Railroad his partner be Dfecto
| Of this Company.
ARTICLE Xxx.
Minutes all the proceedings of the Board Of Directors ba1
be kept by Secretary and verified by tive President and ht
President and Secretary shall sign all notes drafts cheeks ceT
icstes stock contracts and ali ether evidences Of debt Of
| this corporation.
/ ARTICLE XXI
The Board of Directors may accept professionally any poye
privilege conferred this Association amendment
tho law under which the formed by the adopiion
any ordinance the Legislature or Civ cornell
be determined by vSs Of majority of the stock
1 holders,
1 ARTICLE XXI
The liquidation Of tie affairs of Association shall be ada
By three commissioners, appointed by the Stockholders at
tee in newspapers published in Orleans Said ii3ni
daos shall be solvent persons residents Of this city not in
deatGd to the Assocao their of shall ASSIGNED
NIL necessary she'll be conferred them TIE ner9r
for Liquidation shall be tSe we'll hee COMPENSATION If
sos manner the Stockholders may by in general
meeting convened, determine.
ARrIGLB XIII.
The and respective interests the parties to this ao
| are declared to be as follows, to wit;
EAu2es. No, of Shares. Amount
I hN