New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-03-07
N. o. CIV 3. .zTIIEEaAAD 90.
SSfTaFsfpI1Fs or ID " u w tbEthEGANs cir!
u RAILROAD COMPANY.


psSsa ne orJ that Sysa thenlSeyes Of de- q
stss Of o sf q e. h2Ffop fesye to me 0rs92
agreed and DO By these RSents aEre and hind them
lation8 equations and obligations following, o-wit:
ARTICLE /.
Tho Of this Association shall bo tho NEW
ARTICLE
the rlaco of business legal onci of this Corporation
shall be located in the City of New Orleans.
ARTIGLE
The object OF this Association is ccnHtet
Oily Railicas with suitable prnouts and Branches,
purpose Of carrying passengers aud geeH to exercise such
be them for bnding and working City Railroads
ARTICLE
The CAPITAL stock of This Corporation Is hereby axed
million d dollars represented BY Ten thousand shares
nTac nj the time EnH these articles nd Ike rsaleS
sS be paid the time Gn IN the directed by Board
subscription shan be called for time, oftsneI
Should any subscriber neglect pay puacually
insament or M men as ne Same mature and FIJI Due
thereto FROM maturity, TIL and any subscriber
thy days after specified limo payment the Beard Of
gOo to hs s hs h, causing
sold public anGo or Otherwise after ten days previous
ARTICLE v.
The hereby assume all The obligations John
s"w f as pnep2 and ID henry Hart s E[eec WHIT and
right way the construction City Railroads The CITY Il
No @ FeDs qhs e. F2 na1s atty sh
Inc to the Gan and specifications and within The tims Nn IN
the manner forth said noarl which here referrg TO-
sumo pay bonus Of bundled s5d IirfS thousand
SseF II lie o S& a 1SS o 70 I: paid by the sal" On
TIE cash payment Of twetyx Thousand dollars advanced
st0laents the stock respectively subscribed y he said j.
IN he p6p3rti6n 5 Their Interests in the sa S i
Pssyeiy g m as the sf a.. sa will GpIy in !s Payment Of
Of the said purchase PRICE viz One ndte ed and thousand
several prcis$0ry notes for the OF tweny.si thousand
FoGeek Witt and PaTeE irwin aid By tfei os tg
dated the seventh 4g Of FehFqary eighteen hundred aud sixty,
three and four date with per cent interest
aphed by the aforesaid Notary identity them the aofe
said Act and which said otas hereby suned by Cor.
maturity according 10 bsr .enof and eject - Ing
| ARTICLE
This Association shall into operation from and after the
| ARTICLE VII.
es AN e. G w os v $s the sycp
Car, and the ofthe Corporation traced thereon
ARTICLE WIZ.
These Articles may modified or altered and
the the GSRo stgSf n@y s M to @{ En- not eSefpg
consent Of tohira IN amount OF MI the Stockholders obtained
in general meeting eonvened after thirty days
Soes 6%5 S53 s2{s
have The privilege Of taking additional ages IN r6 3!
ton the amount Of their stock, and any shares not tse at
fer the benefit II the Associadn Dat than par
ARTIcLEIx,
All powers Of this Corporation la be in Bead Of
ho IL FL S R e e ES s.Rs ba 9s T5o s9
capital stock Of sid Association. '''s
ARTICLE K.
Henry Hit Feerie VIM PatTick rgi WIN Arsd " Poon'
joSisb Cole j. T. MassSt aud Co. WITH ah M tt
pose 9ad are Eer% constituted the t Board OF Directors WHO
and said Board shall serve until perceed W vir successors
ARTICLE x1.
On the thrd h2pdey II 9eoerabeT hundred
crs By tie sGEoaeTs sail be feid Al tfe o9e T r. greet
ration OF which election previous at least ten ys
Orleans. - @'s"
plurality Of yote Counting each share of rtocA
their first citing after their election choose their NUN
Der for President 9f The Association who shall elected by
majority q me %nos n9 a!n Upon whom all citations and
It shall he The duty of the President preside all meetings
o 5 f s sn o6 m &c 6r s9sT Or INABILITY M
shall for the time being exercise The full powers Of President
pecof By Il % o oB a
Directory Least week prior any election
ARTICLE XIII.
majority of the Board of Directors shall be- Dacovso
quorum, decision of such minority shall be ySlG
d sS5 e1S S rd @ the mT I of the S Of
WHICH shall require vote of of the Boad
ARTICLE XIV.
ANY Director being absent for period Of six
Gnt is @ not III lest .
5 ss the 1t Soc Ctsd hf @ snd
for the time being
| ARTICLE XIV.
The BO1Td rs Of D as shall sPpGn Secretary ard
Of security that shall be required from any said o&iceTs
and agents.
the Ordinary business Of he CoHpapy TO Ca S aeE9h Of
own body their officers agents they may deem exped
under such conditions them seem propcr AID Ie
amend the the interest Of Ihe @ 70
aoy require and ihGl alsq h@ye power supply
cared account Of death resignation, tue feGi-ie
number shares Insolvency. or ABSENCE without leave for
successive months.
/ ARTICLE XVI
Books for the rsgsy end transfer Of shares capital
ed by the byiaws Al transfers Of shares nae on AID
said books The Directors may eloe Al or
sSpedenGy may f9ms but not for !onse pc iod than
"nSf the same previous to full payment having been made
ho purchasing provided hs the Substituted snbgcF
ARTICLE XVII
failure from elect Directors OH the day named
for that pm % sRa not , dIsfoye THY Assosaoq b
eGtos 'ng m 9ee shat hold ever until another election i
| Article Il, and continued until an electonis lad.
ARTICLE xviii
Each shareholder al meetings election of Director,
vote on share Stock held by him. Ro
pfoded a a he s %e s oo sd s
months prior to the day of voting - "
ARTICLE
No two partners subscription the name of the
S sss a Of s h son or 0 s s
other City RAILROAD Or his partner be Director
of this Company.
ARTICLE
Minutes of all the proceedings Of the Board Directors shall
be kept the Secretary and verified by the President and the
Pres Secretary shall sign all notes. drafts cheeks
ecex Of stock, contracts and al sther evidences
| this corporation.
| ARTICLE
The Board of Directors accept Professionally any
privilege conferred this Association amendment Of
the under which the formed, the adonton Of
any ordinance the Legislature City Council
but AHal acceptance such power privilege qf
determined by vote Of majority in tho Stock.
holders,
ARTICLE
The liquidation Of tine aHrs of ts Association Rhs be made
by commissioners appointed by the Stockholders nj
convened 70 That pose hfter siX
newspapers published in New orleans. Said uui-
dators shall be solvent residents Of city not
Jchei ginr their shall be aEg.d
all necessary power shall be conferred them The nprl
FOR liquidation shah be xed well their conlponsson IN
the Stockholders may resolutions in general
meeting convened, determine.
ARTICLE XIII.
and respective interests the parties to this sc.
declared to be as follows, to Wit:
| Names. No. Of ShaEsg Er7o,n,
J. b. Slaw60n. ..--............-- 2AD S2ELGG
=. FREDERICK l1tU lQD,nN