New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-08-15
N. @. CITY RAILROAD co,
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CHARTER OF THE NEW ORLEANS CIT
~ RAILROAD COMPANY.
uNTTED ST. TEs OF AMRRICA STATE OF LOUISIANA
CITY OF NEW ORIRASS.

y RAILROAD GoMfaNY.
UNITED ST ATEs OF AMERICA, STATE OF LOUISIANA,
CITY OF NEW ORLEANS:
Be known that this fifteenth day June the year Of
Lord one thousand eight hundred and sky and Of the nds
before me- RbW ARD BARNETT SSSfs Fasc Il aSs fof
said duly commissioned ssorn personally came and APP
hs and WE
The statutes of the Sae Of IoasaRs relative 10 the orEsna
agreed and do by these presents cosran agree and bind hem
syes and those whom they represent 10 form themseys' into
laions ,gulsiions and obligations following to vii
ARTICLE L.
The CORPORATE of this Association shall be The NEW
ORLEANS CITY RAILROAD COMPANY
ARTICLE
place of business and legal domeil Of this Corporation
shall be located in the City of New Orleans
ARTICLE III.
The object of Association is construct and
S If Ma pses ahG ns ri 10 esse
incidental powers aud as art hereby or may
be conferred them fer building and working City RAILROADS.
ARTICLE ~
The Capital Stock this Corporation hereby fixed
ncn q dollars by Ten shares Of one
payable the time Of signing these articles and the remainder
Of Directors provided tina, than per
subscription shall be called for any me and oftener
Should subscriber reuse neglect to pay pnncay his
installment nstamens the mature and fall due,
thereon the eight per per shall
added thereto from maturity hi payment and II subscriber
thirty days after the specified time payment the Board Of
Directors themselves the right OF
share shares upon which insament may be due
sold a public Auction OF Otherwise after ten days previous
tice thereof by advertisement,
ARTICLE V.
The said Corporation hereby all The obligations John
sawson principal and Henry Hart Frederick w'n and
Patrick Irwin security in and to the of purchase
right of for the construction of City Railroads ia the City Of
N Ne@ q he 1 Fss ND
sixty and obgaies Itself to construct said CITY Rsros accord
Rs Ps
and made part hereof and also hereby expressly
bonus hundred thirty
dollars therein Esd and agreed to be paid by the said pur
The cash payment of wenysiN thousand dollars advanced
By All d So m be seab e IN " ne Of M
sawson Henry Hart Frederick Wintz and Patrick IRWIN
peetvey far the said viii Gppy in payment Of
hg said g tey become e ana fer ihe balance
dollars for which The aforesaid purchaser has his four
dollars each drawn by himself the order Of Henry Hart
Frederick Wfnz and Patrick hwin and BY them endorsed
and payable the Louisiana State Bank in this city, one
aphed by the aforesaid Notary identify them with the More
poration and expressly agreed be paid by Company
maturity according 10 their tenor and effect.
ARTICLE
This Association shall 90 into operation from after tie
date of this Act.
ARTICLE VII. .......s
This Association shall have Corporate Seal the device
which Shall Crescent within Circle with Two horses at
Car, and the name ofihe Corporation traced thereon
ARTICLE Yt1I.am ~ .r.s H~=
These Articles Of Association may be modified altered
the capital stock may be Increased 10 any exceeding
Se Of o. dGs s y al BE
in general meeting cohyensd atsr thirty days notice When
,e ei' shall be gven in newspapers Published
,o ~ ". = within WHICH time SoekhoideFs shall
the expiration that time may share et itsp
value $500 - '"''''''' 04' '' 1t f'A directors
| 4RrIcLEI
An powers Of this e9rrorgton snll be in Boa4
hold in his rgh at least twenty-five huadrcd dollars Of ii
| capital stock Of said Association, -
y@ ARTICLE K.
Tne f8o o, named sPef s III John r sagson
iossh geie j j. n Masca ard Geo W telme SHAH com
shah al sr rs meeting elect one sa 6n M
aad sqd Board shall until superseded bg Their
VINO shall be elected rs provided in Article Eleventh.
ARTICLE XII.
Omit bird Monday in December eighteen hundred aud 81
by the stoekhoier shall held al the Office Of lie Conn
RATION OF whieelecou previous notice of least dir
Orleans. ~ " 'HeH
article XII. .y.
voted apop 81 T9s sesn1 on e YET e. sae share
theig 1r injecting after their election choose one Of % MIN
majority of the whole Board upon whom ali citations u
'fsF s sa L p re sy 4 be Pas
q the Board and in Of absence inability 10 ac III
shall for the time being full powers Of Prcsen
All Gle lions shall p BY ballot he superintendent
srs Ro DleeoFsl least week prior any election
ARTICLE xiii.
majority Of the Beard Of Directors shall be necessary
c except for the purchase of The light way
OF Directors. A''''
ARTICLE xiv.
Any Director being about absea himself period Il i,
mouths less may nominate substitute in lis PROVIDE
five shares Of the capital the Company; and poyie
for the time being y N4tse'V''
ARTICLE XIV.
The Board of Directors shall appoint a Secretary and ali
sa x The Salaries i al officers Of lie co S aaa sP
amount q security that shall be required from any sa oicer
Said Board may ase delegate sue power in the transaction :,
own body their officers agents. a they nay deem exee
sn sa IN ay sg aBpon agents gn aid without
shan have power to make bynws rules and regulations and 10
may require it, and shall also have power to slp t
Sis that may oecHr in ter Board such vacancies y be De-
eafed on account OF DEATH resignation of ie1ne
number OF shares Insolvency. absence without for three
ARTICLE XVI.
Books for the registry and transfer Of shares Of the cspal
stock shall be opened and kept subject The restrictions direct
books signed he shareholder Or lis attorney and WIFI
ssa books e may close as often convenience
days at time Should subscriber tie stock desire o
. " sfTin III Sfse %%s
ton is satisfactory to the Boatd of Directors
ARTICLE xvIG. 5.Ea=l=5
failure from any cause TO elect Directors the day named
dlshuYe THIS
then IN office shall hold until another election is
held OF which NOTICE shall forthwith given rs prnved In
Article IL, and continued until an eleciionis had ~ =
ARTICLE NyIIE
Each shareholder at all meetings the election of D,cto
other purposes shall be entitled directly by pfoyy II
vote each shnfe Of stock held by linn provided thai No sog
holder shall vote in his five hundred votes ana
provided also that he shall have owned his stock at least three
mouths prior TO the day of voting. 'N's9' ''t''
ARTICLE XIX
No two partners whose subscription Is in the name of e
commercial firm Of which they members shall be eligible nj
the same time as Of this Association shalt III
ieeor q any other City Railroad his partner be director
Of this Company.
ARTICLE
Minutes Of all the proceedings Board of Directors
Be KEPT BY the Secretary and verified by the President and a
Pres dent and Secretary shall sign all notes drafts Checks
tcaes stock contracts and all sthef evidences Of debt of
this corporation, - "
ARTICLE XXI
The Board Of Directors may provisionaIy anv nnar
or privilege conferred On this Association by any
the law under which the formed OF BY lie adonop %
any new act Or ordinance OF tho Legislature or civ tonnc
but the hn acceptance of sueh power or pr yiaa s
pc determined by vote OF majority in Of The stock
holders = ~ s'''NN
ARTICLE XXI.
The liquidation Of the ars Of This Association shall he made
meeting convened for that purpose after ay nr ma
ce In two newspapers published in New Orleans Ssi ii;
daors shall be solvent persons residents this CITY moi in
dhbted 10 the Assoc atom their of office shall H. ssd
al necessary power shall he conferred them The nern
for liquidation shall be fixed well as their Hon IN
such manner AS tile Stockholders may by resolutions in sai
meeting conSenedi determine. " s''
ARTICLE XIII.
The and respective interests Of the parties N ;
ire pcI aran In Inc M IN ~ ti'o