New Orleans daily crescent., 1860-11-10
N. o. CITY RAILROAD G.
6sHAIsTER 9FTHE " NEW oRhGA&
~ RAILROAD COMPANY, I'm


Be known that this fifteenth day Of June In the sa
Ssss NSay Y PqSe fiSa 4 aTd Sis g.
sd duly commissioned aud @om personally came and ap.
aeseraly declared that yang themselves provisions Of
the ststnes Of the Sue q Logaas relative 70 the orgsn1a
agreed ard DO BY hse sgTeS and @
and constitute dr id objects nnd under he spu
la,ions, regulations and obligations following, Owit;
ARTICLE T.
The CORPORATE Of this Association shall be the NEW
ORLEANS CITY RAILROAD COMPANY
ARTICLE H.
The place business legal domic Of this Corporation
shall be located in the City Of New oFlsans.
ARTICLE III.
The object Of this Association to construct and mantaa
City Railroads. with suitable and branches, for tho
ean
be conferred on them for building and working City Railroads.
ARTICLE
The Capital Stock ofths Corporation hereby fixed ones
hand escR e cent Of eaeh s5sepon
Shall paid time and In The mnneT directed BY tho Board
Of provided ist NOT more than ten per cent q ,ad
thgn once within any thirty days. "a
insalnent inalmens the and fall due
interest thereon the Of eight cent shall be
negects refuses pay lis insamen or Istaaents within
to easrs e bS o. s De a
share or shares upon which ialmen may be due be
uce thereof by advertisement,
ARTICLE
sawson principal and Henry Hart Frederick Win and
tSeS Irwin as security H. and = TIE contract o parchese o
Sew orleans r. pef se PASSED before Charles p ForiG cg
sixty and oblgaes sd cy Railroads accord
,hg @ to she plan md and within the time and in
and made part hereof and also hereby expressly agrees to
ch9,sers 5s 3. IN II the following manner, to.wt:
BY The said purchasers shall Be applied hc q Tho
sawson, Henry Hart Frederick &ins ana Patrick irwin
in he Of their IN the said cash payment
their said nstaments they The balance
So FOR V%heh ps h
o @ Gs as sI he Ct o y hsgsqa s
WniE and Patrick Irwin and BY them endorsed
pysbe oana BaS a G ety. ald s s
wo three And four years from with sig cent interest
Rpbed by the aforesaid Noars 70 identity ts viii ne apre
poati2n and expressly PAID by Company At
ARTICLE
This Association shall into operation from and after the
THIS association shall have Corporate Seal the device
heh shall be Crescent within Circle with two horses and
Gar and the name othe Corporation traced thereon.
ARTICLE WIZ. a+a M
These Articles of Association may modified altered
the capital stock be increased any exceeding
% aH1 Ss Rw oSabe S i
3 Ss 5 ayS aSes s sy
notice Of The shal be given two ngspapers published m
have The privilege Of taking additional shares in sU
he expon Of @ sf wee Il @ a % hs s' setas
e1 the beneht of the Association 6u, net at less than par
ARTteLE1x.
All powers Of this Corporation shall be vested Boad Of
he II H. own @ Al e pgT.S q ssss q dsaT T9 ~ shs sa
capital stock Of said Association,
ARTICLE X.
Henry Hsrt raest Wn fssf irwin Allrcd Psaa Penn,
Samuel Smith, Armand Heine James o. Nixon r. Fostall
Stulle
pose and hereby constituted the Board Of Directors who
serve nP @ S 6y Sff hs csssso
VINO shall be elected - provided in Article Eleventh.
ARTICLE XII
On the third Monday Ia December eighteen hundred and sx
yene and annually eetion for twelve Drec
rssion Of which election notice least ten days
h9 be given in two newspapers published in the city New
ARTICLE XII.
plurality votes Counting one vote for each share of stock
ssng otter tbeir election ehoos one y III tbe a aa 9.
majority q the whos Board and upon w6om all eeoas az an
Other p .lsg ,sg"l processes tfs shsil Il, be serysd
Ct the Beard and Il ea,e e absenee inability act
shall for the time being exercise The nl
All elections sha b by Psot under the Of
ers ot Direcors at least week prior any eection
ARTICLE XIII.
majority Of the Board of Directors shall be necessary
corporate except for the purchase right Of way for
which shall require of fsurhs OF whols Board
OF DIRECTORS
ARTICLE XIV.
Any Director being absent himself for pood of siy
months less nominate substitute In his stead provided
i've shares d the capital stock Of the SopSnY Wy spa l
also that said substitute be elected BY the Board Decto
tRTtcLE xv
The Board of Directors shall appoint Secretary and Az
aa M The Salaries u ali ocers Of The Co poraOn ma hs
Of security that shall be required any ad officers
Said board also delegate such power In the
body their officers agents as they ay deem expsd
under eh soadohs d e XIII r.a sn na MnSa' hs ss &
shall have power make a@s dles and regulations andA
require It, and shall also have power supply any yac
ces TINT may occur n hsf Boad such vacancies may be
eiaed on ascoant Of death resignation want Of the eqn
number shares insolvency. or absence without leave tina
ARTICLE XVI.
Books for the registry and transfer of shares of the eauh
q y i he Xii s s s u aTe " a ba sa &
sid BOOKS re pTectors may close Is Often al eSyseSss a Se
expedieneg Inay fequ 5u not for longer peod than n
transfer the same PFsyoas 70 full payment having been made
T g M e BE- to do 50 " snbsiitnte M q The sahscp
ton is satisfactory to the Board Of Directors.
ARTICLE XVII
failure from any Directors on the dav namss
for that purpose shall not dissolve this Association but his nj
S y then hen. "a G6 Office a shS hold r until another
Article H. and continued until an election is had,
ARTICLE XVIII
Each harehoder at all meetings for the election Of Directors
or other purposes shall Be entitled directly proxy to one
each share ot stock held by him. provided
holder in his Ave hundred votes an
provided also that he shall have owned his stock at least fbree
months prior to the day of voting. fa
ARTICLE XIX.
partners whose subscription in the name M ,hs
commercial firm Of which they MEMBERS shall ephe II
time Directors of this
Of other City Railroad his partner be Dracnr
OF this Company.
ARTICLE
Minutes nil the proceedings Of the Board Of Directors shalt
be kept the Secretary and verified by President an r.
President and Secretary shall sign all notes drafts checks
cates Of stock contracts and all sther evidences Of deb af
this corporation. -.
The Board of Directors may Professionally anv no
privilege conferred this Association by any
the law under which the is formed or by the adontr
any ordinance Of the Legislature Cty Gopnc
but the fnHl accepance of such
be determined by vote Of majority in of te soc
holders. ~
ARTICLE XIII
The liquidation of the affairs Of this Association shl ba a
by three commissioners appointed by the stockbHN iii q
meeting convened for that purpose, after sixty DAYS pf
tice in two newspapers published In New orleans. sad
datorS shall be solvent persons residents Of this ciy mi %
debted TO the Assoc alton their Office shall he %
all necessary power shall be conferred ON them The
for liquidation shall be liked well their W
such the Stockholders may by resoIntfnnS IN n
meeting convened, determine. se'siaA
ARTICLE XIII.
The and respective interests of the parties In ,b0 A
declared TO be as follows, to wit: .. y sacs
Names No of Shares A,n...
hianta5n u & w.; 49, SvgU SM00G1
aanrI, % uart Ia me- - ''t'''t.' Ivy Ivy 100,1O0
t'''''t'''t''tt.t i0n 10000
aisrad penn "a NJ ~ '.''''.'''-' Ivy Ivy l00,0lsy~
Altfeh tenn, ,i; '.'....-'..... 1000 l60l5
4 = a Ha;na o''''''':''''s.'t.. iWW 100000
Iosfsb Ia ia ~ i,aie ait 't'.'''tt' ss9 ss9 G,5eO
Peschier d Forstall. ........ 80 o0SoS o0uS