New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-10-27
N. o. CITY RAILROAD co.
TSHART1E uETME NEW ORLEANS CIT
" RAILROAD COMPANY.
UNITED STATES OF AMERICA, STATE OF LOUISIANA
CITY OF NEW oRTEANs.


Lord one Thousand eight hundred and sixty mud Of tho INDIE
Peadenee Of these nnlea SSes IF America the
the City and Parish Of New Orleans sale of LoasaBa aore
peared the persons hereinafter and under signed via
seycray declared that ayang themselves OF the pfoysionB
lion Of Corporations in ths State they have coyenanted aed
saves and those whom Ry represent to oTm emsises fao
ations regulations and obligations following o-wt:
ARTICLE
The Corporate Association shall be the NEW
ORLEANS CITY RAILROAD GoMPANY.n
ARTICLE
The place of business aud legal omc of this CORPORATION
shall be located in the City Of New Orleans.
ARTICLE III.
The object Of this Association to construct and maintain
City Railroads with suitable urnou and branches ioF the
aRoe q CARVING and generally to exercise suck
be conferred on them for building working City RAILROADS.
ARTICLE ",
million dollars represented Gy I'm thousand Raes ~ 9n
hundred dollars cac I'VE of subscription shall DO
shall be paid at the Time and in the directed Is the Board
subscription shall be called any one lime I'D no ofehe
thea once within any thirty days
installmeut nstalments the mature and alf due
ad heo om ts a gr esa PIT sngm sha 30
negeets Of refuses topay hsinsaept Of nsaments within
esos to eses ' he shi ea R'a an 81
share or shares upon which amy nstalmet be due be
seV ~ puoc auction or otherwise, alter ten days previous
uce thereof by advertisement,
ARTICLE V.
B. saSSon as principal and Henry Hart Frederick Wntx. and
fagT n A. security IL snd q the contract Of purchase Of
New Orleans passed before Charles r. Fotier Cay
@ y Esoas aseona
~ 9 ns sn snd md g1 The lime and in
and made nart hereof and also hereby expressly
dollars therein paid and agreed be paid BY tie said par
The payment o. %enysx thousand dollars advanced
ot s e %eE sa.Sp @ q Ne
b. Slawson Henry Hart Frederick Winz and Patrick Twin
IN The proportion Of theirnteests in the said cash payment re-
secSty so lar as the said will apply in tho Of
their said nsalmen they due and for lie baianca
dollars for which the aforesaid purchaser has furnished s four
seysra promssory notes for The of twentyx lheusand
Frederick Wntg and Patrick Twin and by them endorsed
aud payable Louisiana susie anE IN his eit i II ons
two three and four from ae six per echi Interest
aha h Sory d S I be VIII He e a 8ss
u ' d wcn asd oes are hereby assumed by tti Cor
maturity according TO their tenor and effect
MM-O ARTICLE vi.
Th Association shall go into operation after the
ARTICLE WI
which sh Crescent within crss ih io e hoes ass
Vas' ana Inc name othe Corporation traced thereon.
ARTICLE vtII.
These Articles Association may be modified ar altad and
two millions Of oIas bs,enea 70 any sam MOI ekesedin
consent Of twotbs h a. m III eSaed ~ aw wth ne
N general meeting convened after thirty dnys notice When
nocs 81 Tic IL given in a gs
ne eity o. aeW Orleans within which TING Stockholders shall
ton 70 the amount Of their stock aud any shares not ,ken
Ae Of that time lee disposed of y the nireeo
value. - " s ~ PM
AEr1e1EIx.
Al powers q ih Corporation shall be vested oad Of
oS IN H. S rab % Of twelve each & whom shall
capital stock Of said Association. - '@S
ARTICLE x.
The following named Stockholders yt B. sawson,
Samuel smith Tmaud eine James Nixon Il b Fors;siI
hereoy he r Board Of n sS eS bo
ssi a. ths ms meeting elect of number Pesident
who shall be elected provided ii Article Eleventh
ARTICLE H.
o NE fhd Monday n December eighteen hundred tx
~ Wy Ie shall ee hed The Office lie Cofpo-
% NJ s'ea u I'VE newspapers published in the city Of New
ARTICLE XII. l-....-
plurality Of Counting one vote fer each shire II
yosa upo saal e sufficient 20 elect Directors VINO hs Al
oe toE q FL Asseeaon who shall be elected sy
q vs. wnoe Board and upon whom III citations snd
b s saa y ssd dgls e rs Ps,ent
oar9 aa elect qns # their members President pro lem who
ha for he od linz &c him Y exercise s
Inspectors appointed by the Board from among te stockhold
IN ut' bneeors ~ least one week prior any election
ARTICLE KIM
majority of the Board Directors shall be necessary 70.
ofin quorum and decision Of such majority shall u Villa
d e building nsw roads Re purchase If real ssaie
RnarA
ARTICLE KY.
AnE Director being abon, to ab5es himself for period 0, six
months less may nominate substitute his stead Tnyad
aid substitute shall have in bis own right NOT ls tbf
no. substitute Be elected b. XIV B5.,5 snd PTHsaed
or the time being. -'A'N VI directors
ARTICLE Ky.
The Board Of Directors shall appoint socre,arv and IN
s a and bs agents and my The pleasure and
mount Of security that shall be required any said ojces
saf1 Roard mas alec dsL,aa.. ..h -,
be ordinary business of the Company to Commiitee f 81
N a 9 s u HIST aee os sgent they may expe
sueh conditions as 70 them shall proper And tbe1
mend alter The whenever interest Il he saG to
tR nay 6ee i II hr III B6st Se ps s
Jared on account OF death, resignation want Of the ;eas
uccessye months 'S"'e i'f 'hfss
ARTICLExvI
Books for the registry and transfer Of shares Of tbe ,
R S e VI 4a HsRt subject 70 he restrictions direct
aid books the Directors may close as c5nyseee o
time shonId any subscriber to The soek d dh zen n
Ansef the same previous TO full payment having been made
ne party purchasing provided Nat lie substituted sGbgerip
on is satisfactory 10 the Board Of Directors,
ARTICLE XVII
failure from elect Directors on the dav named
'r that purpose shall not dissolve lhs Association but the D
ED Of which notice shall forthwith be given as provided IN
rtele Il, aud continued until an election Is had. -
ARTICLE XVIII
Each shareholder all meetings for the election of n,
other purposes, shall be entitled directly or by nroxv II
1te on each share stock held by him. provided Thai No
older snail vote IN his own five hundred votes ana
DIVIDED also that he shall have owned his stock N eas b
onths prior TO the day of voting. " ~ 'utee
ARTICLE XIX.
No two partners whose subscription in the name of thu
numerical firm Of which they shall be eligihe At
same time as Directors of this Association nor shalt M;
cor Of any other City Railroad his partner he racnr
this Company. " 'sof
ARTICLE xx.
Minutes OF all the proceedings of the Board of Directors b
kept by the Secretary and verified by President and the
dent and Secretary shall sign all notes drafts chec
icatts OF stock Contracts and all ether evidences of debt If
is corporation. "a as'' VI
ARTICLE XXI
The Board OF Directors may accept professionally any o
privilege conferred on this Association By any anenden
Law under which the is formed The adontion
y new act or ordinance of the Legislature OF City tanncf
determined BY vote of majority in Of tbe stock
lders. - e 2t0eAH
ARTICLE XIII
The liquidation of the affairs this Association shall h
three commissioners appointed by the Stockboders ~
etng convened for that purpose after DAYS previous
y IN Two newspapers published in New Orleans Said on
tors shall be solvent persons residents Of tia r;
necessary power shall be conferred on them Tha 1877
liquidation shall be Fixed well
eh manner rs the Stockholders may by resolutions in ne9
,eting convened, determine - sehetn
=...= ARTICLE XIII.
The names and respective interests Of the parties IN THE
declared to be as follows to wit: 1900 " ms "es
Names. No of Sharao A,
aiar;at w., '-''''t'''.t''' 80 tU S20,06G
-, II. '-'''t-'+st.'' 100000
nry Hart ACKNOWLEDGEMENTS. 1000 1nnGaa
Ir1ck lfwin inn6n6
a,al s.ni,h & ~ .''',.'''.'''.t.'' lnU 100000