New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-11-16
N. o. CITY RAILROAD co.
(tEhARTIlR OF I'll 70 NEW ORLEANS CITY
" RAILROAD COMPANY T77
! UNITED STATES or AMERICA STATE OF LOUISIANA
CITY OF NEW oRIEANs

peadenee Of these United States Of America the
s CITY and Parish u New orlsans state u Louisiana aoFe
peaed The persons hereinafter named and Undersigned who
ssyeay declared that avsing themselves provsons
ton Of Corporations IN this State they have covenanted
selves those whom they represent to form heseye into
and constitute Corporation for the objects and spu
laons regulations aud obligations following, to-wit.
ARTICLE
ohLEANS CITY RAILROAD COMPANY
ARTICLE @a
The place of business and legal domc OF this Corporation
shall be located in the City Of New Orleans.
ARTICLE tII.
The object of this Association is to construct and maintain
City Railroads, with suitable branches for The
eent aS m to- exercise such
oeeoh'eFea on them for buildnsen working City Railroads
ARTICLE Nv.
The Capital Stock of this Corporation hereby axed at one
million 81 dollars represented by thousand shares
payable at the time 81 signing these articles and e rem"indeT
shall be paid al the time and u the directed BY Tie Beard
subscription shall be Chilled m any time and rot ofteeT
Ilah once Wlthln any thifty days.
shonld any subscriber refuse neglect pay pu1ctuay his
o. astanenls as She same mature and full due
added thereto from maturity ~ payment and subscriber
thirty days after the specified lime OF H. Rs W
Directors reserve 10 themselves tho right Of causing any
sold at pnhc auction otherwise after days previous no.
hce thereof by advertisement,
ARTICLE v.
The said Corporation hereby assume ali the obligations o
3 n pncipa and Henry Hart Frederick Wps and
right of for the construction City Railroads in The CITY Of
Notary on he SEVENTH NV IF sebrs vsi y f0 @
and obllgaes said ely Railroads accord
@ which T he here qed o a.
Of R Rsfsy and g
IN bs Paw and assSd to be paid by the said
6e cash payment Of twentysx thousand dollars advanced
~ on e be pRd The d he
slswson Henry Hart Frederick WHIT and Patrick Irwin
50 far as the said will apply in the payment
Price VIZ One minded and Four b esSS
doar or which the aforesaid purchaser has furnished his
dollars himself the ordeF q Henry a
d a s aed % % g ss
and PAYABLE ~ the Louisiana State Bank this city one
Hon paid %h ht ala P nos IN re iae Ps
said Act and which said hereby assumed y ths Cor
poation and expressly to be paid BY the Company 1t
maturity, according TO their tenor and effect
ARTICLE
This Association shall go into operation from and after
ARTICLE VII. .~u
Th All Asips"Gn shall hGys Cooperate Seal the device
Car, and the name ofths Corporation traced thereon
ARTICLE VIII
These Articles of Association may be modified altered and
ne ei s9Sk Ty Ge INC to any sum not eKeeedg
consent of in amount Of all The Stockholders obtained
ever any capital shall be duly authorized sixty days
Se city Of New oe h S s pShss II
have the privilege Of taking additional shares in propur.
the expiration that time mag disposed Of BY she Derters
value ''
ARrtcLEi1.
An powers Of this Corporation shall be vested in Boad ot
hold d AZ least hundred d dS dh o f9 te
capital stock Of said Association. = ~
ARTICLE K.
The following named Stockholders VII John b slaSsop
Henry Hart Frederick Wintk Patrick Irwin Alfred Penn
josiah Cole n Sasico and CO " Hslms n sba eoa
pose and are hereby constituted The first Board Directors who
Bnf
and said Board shall gni superseded ~
who shall be elected as provided in Article Eleventh,
ARTICLE xT.
On the third Monday ia December eighteen hundred
os by Stockholders shall be Held az dc ofca n lie
ration OF which election previous notice Of DAYS
Orleans. ~
ARTICLE XII.
plurality Of votes Counting vote for each share of stock
voted uponl shall be sufficient elect Directors who shall Al
their st meeting after their election one of their mum
majority d tie whole Board and SSo al esIeas ~
Il shall he duty Of the President preside at all meetings
o. the Board and IN case absence inability act
shall the time being exercise The full powers Of Pesident
AL as be Sy g as under the
ers mot Dreeors vt least one week prior any election
ARTICLE KIN.
majority of the Board Of Directors shall be necessary n
form quorum and decision OF majority shai be ysS
corporate except for the purchase of right Of way FOR
which shall require vote of three9urhs of The whole Board
Of Directors.
Any Director being shout absent himself for period Of six
months naX T0ua substitute b. big stead provided
i've shares q the espt stock Of the Company proYded
for the time being.
ARTICLE XIV.
The Board Of Directors shah appoint Secretary and ali
and agents, and may same at pleasure and
shall fix The salaries o a officers Of the corporation and The
amount of security that shall be required any said officers
Board sueh power the transaction Of
the ordinary business Of the Company Committees Of their
body their officers agents as they may deem eynSdi
sndef sc eondoHS a 10 Them shah seem popp And s hs
shall have power 10 make bylaws rules and eguailons and 70
may require it, and shall also have supply any
eiaed Of death, resignation want Of tho reaniis
number Of shares insolvency. or absence without leave for three
ARTICLE xvt
Books for the registry and transfer of shares of the capital
Cd by The laws All transfers Of hares shall be as on &
o sd a sa b ~ e @ @ OF 9s attorney and which
eSpedeuy may require but not for longer period than ten
IL ha BE- Peaad q Do 50 BY sbse u IL Sie Ge
OF The party purchasing provided that The
ton is satisfactory to the Board Of Directors
ARTICLE xvII,
for that purpose shall not dissolve this Associations the D
EesoFs then IL Gee shSl hold eyer until another election
Article ~ and continued until an eectionis had
ARTICLE XVIII
Each shareholder all meetings for the election of Dao
other purposes shall be entitled directly proxy one
5 his 9ss ~ oSe ye 5 n e
provided also shall have owned his seok Al sa b
months prior to the day of voting.
ARTICLE XIX.
partners whose subscription In the name M thu
commercial firm Of which they MEMBERS shall be eligible nj
the time Directors of this Associations nor shall m
rector Of other City Railroad, his partner be Director
of this Company.
ARTICLE
Minutes Of all the proceedings of Board of Directors shall
kept by the Secretary and verified Presdent and IN
and Secretary shall sign notes drafts chee sr
fcate of stock contracts and all ether evidences of debt Of
this corporation.
ARTICLE XXI
The Board Of Directors may accept Professionally any mower
privilege conferred on this Association of
the law under which the formed of
ordinance of the Legislature
but the final OF
be determined BY vote OF majority in of the Stock
holders.
ARTICLE
The liquidation Of the affairs Of Association shall he nde
by three commissioners appointed by the
meeting for that purpose after siXt, DAYS M
dator shall be solvent residents civ mi III
ebted 10 the Assoc Atom their of shall he
all necessary power shall be conferred on them The period
for liquidation shall be fixed well their compensation IN
such manner as the Stockholders may by resolutions in general
meeting convened determine.
ARTICLE XIII.
The respective interests of the parties To s not
are declared TO be as fellows, to wit: y 80 -
Names. No. of Shares
j. y ssihWsoIs 1Oeu $20O0O
Frederick Wintz. ...tt..,........... 1000 6n6
Henry Hart. 1000 IO0Opt |
asIidk irHth iuUu 100000
sllise s en- ''s.'''s''. lOyO 1000W
,hnaeI Stllth * 70 l00O 100000
4. n NJ Heine ACKNOWLEDGEMENTS. 995 1855
'nna