New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-01-12
N, o, CRY RAILROAD 60.
G6FTATITB8 0 = THE MIiNV ORLEANS CTS
" RAILROAD COMPANY. = =
UNITED STATES oFfaNEnloA, STATE or LOUISIANA

UNITED STATES OF AMERICA, STATE OF LOUISIANA
.. CITY OF NEW ORLEANS:
Be it known that this fifteenth day Juo the year Of on
Lord thousand eigt hundred and sixty, Of the
BARSSTT RS y o
hs City and Parish Of New Orleans State Or Louisiana
Sad duly commissioned and personally
peared The persons hereinafter named undersigned who
liz bo @ ospa sa Ct SS sSn
ton Of Corporations in this STATE, they have covnantgd and
s syes and those Thom as to form hesyes into
l"ions regulations and obligations following, to.w:
ARTICLE
The Corporate this Association shall be the NEW
ORLEANS CITY RAILROAD C0MPANY.n
ARTICLE II.
The pace Of business ona legal aomc this Corporation
snail be located in the City of New Orleans.
ARTICLE
The object of this Association is consrue. and maintain
o Gy a Win Smnns tuFn9s and branches for The
Incidental powers and privileges as are hereby hereafter
ARTICLE
The cspG Stock Hfthts Corporation Is hereby fixed
9n 81 aoaes represented BY ten thousand shares of
payable at the time Of signing these articles the remainder
Of DSe!os provided more ho per cent Of aid
sneseson sn be called t9 at any time,
Should any subscriber refuse neglect pay puactuay his
interest thereon ght per cent psr nu nun sRa L.
or e pS to nay H. a. md Any
% GsSs aatef e fPegieG time of payment the Board of
shre or shares upon which nsalent may due to b.
so T. public astio or otherwise, after days previous
tlce thereof BY advertisement,
ARTICLE V.
The hereby assume all the obligations John
Patrick security and 70 the Of M % Of
right Of way for the construction Of City Railroads The City
N@y nsS on e sy of Esr"a ghseR hundred ana
ing the plan specifications within the Time and IN
the manner set forth in said which here D
and pay the bonus of hundred thirty thousand
S o following low n ssa o 70 i: paid by the said p
The cash payment Of thousand dollars advanced
ha
i9ssments Sn the stock Tsspsctys subscribed By tue said j.
n ess Wa e s a sasb ak l
sRsfyfi Sc T as the sid sum will apply in the payment Of
g. Inc sad P prize VI One hundred and four thousand
several promsory notes or the sum Of twentyx thousand
dollars each drawn BY himself the order q Henry Hart
dasa the st day of FGbrPar eighteen hundred and sixty
two three and four from date with six per cent interest
per 4Pn ro daS Pnt p@ hsh sid nos; we're
s1d Act and Which sid DosS are hereby this Cor
maturity according their tenor and effect = '
ARTICLE VI.
This Association shall into operation from and after
ARTICLE VIZ.
This ASSOCIATION shall have Corporate Seal the device
which shall be Crescent within Circle with horses and
Car, and the name otLe Corporation traced thereon.
ARTICLE WIN.
sG Ae d Of &c s2ns BE- modified altered and
so 90 II rn o mT M m BY @ T hS
in general meeting convened after thirty days notice Wien
increase Of capital shall be duly authorized sixty days
the city Of New Orleans Within which lime SoeRhoSeFs ha
on Inc of their stock and any shares not ken at
tue expiration Of a time may be disposed Of by the Directors
vaus O'H'A 'D' ''0'0 Op' not 1T less than par
AKrIcLElx TX.
All powers of this Corporation shall vested in Boad of
Directors, consisting twelve persons each Of whom shall
hold in his right least twenty hundred dollars Of the
capital stock of said Association
ARTICLE K.
sn as f 2 %a fac b hn
samuel Smith, Armand Heine James O. Nixon L. l. Fo1sai
Josiah Cole JJ H. Masseot and Geo. Heme, shall com
a2 s thsir T meeting elect one Of heir number President
who shall he elected provided in Article Eleventh.
ARTICLE XII.
onthe third Monday December eighteen hundred aud sig
crs by the seckhoers shall be held At the Office Of The Cofpo
shan DC gwen IN two newspapers published in the city Of New
Orleans.
plurality votes Counting one vote for each share of stock
voted apon shall be sufficient to elect Directors Enc shall
her for Pfedent Of The association who shall be elected bn
majority Of the whole B9ard and upon whom all citations and
Il shall be the duty of the President to preside all meetings
a 4S B S@ s ena ons G e Or 4sy act he
shall for the time being exercise the full powers President
T he s
es not pEecor at least one week prior to any election
ARTICLE XIII.
majority of the Board of Directors shall be necessary o
form quorum and decision Of such majority shall be valid
act except for the purchase of The tight way for
which shall require vote of hreeeurths of the whole Board
Of Directors.
Any Director being to absent himself for period Of six
months less nominate substitute in his provided
shnes Of he capital Of he Gom sS and 3 poyeg
also that said substitute be elected by the Board Directors
for the time being
AEr1cLE1v.
The Board of Directors shall appoint Secretary ard all
cefa ing sens ad nay oYe ne same at pleasure and
Of security that shall be required from any said
Said Board may delegate power in the transaction Of
the ordinary business Of the Company to Committees
sn and nay ss2 appoint agents within and without this State
shs have power to make yas rules ind a aRd s
amend alter the the interest OF the corporation
cs TIM may occur IN hsr Board such veanps may T 5S DE-
clared account Of DEATH resignation, Of the requisite
number OF shares insolvency. or absence without leave for three
ARrIoLEx XVI.
Books for the registry transfer of shares of the capa
sick shall be opened 9Hd KIT subject to The
Signed by The shareholder attorney; and Which
said books the Directors may close often convenience Or
At e sGoad any sa5crber G to the f oef dee ten to
the same nrgyio%s to fun having been made
q he party purchasing provided Nat The substituted subserp
ton is satisfactory to tho Board of Directors
ARTICLE XVII
failure from any cause Directors the day named
that purpose shall dissolve this Assoetiou bn the Di
notice ha Ge p nnSG prCxdaS is
Article L. and continued until an election is had
ARTICLE
Each Shareholder all meetings the election Directors
purposes shall be entitled directly proxy to one
each share Of stock held by him. provided that Stock
holder shall vote in his five hundred
provided Also that he shall have owned his three
months prior to the day Of voting.
ARTICLE XIX.
No two partners whose subscription is in the name of the
firm of which they MEMBERS shall be eligible nj
lie sarc time as Directors Of this Association nor shalt III
OF other City Railroad his partner Director
Of this Company.
XIX.
Minutes proceedings Board of Directors shall
the Secretary and verified by the President and he
President and Secretary shall sign all notes drafts checks GER
hcHes Of stock contracts and all ether evidences of
this corporation.
ARTICLE
The Board Directors may accept Professionally any
privilege conferred this any
under which the formed The adonton nf
ordinance of the Legislature CITY tounc
the final of such power privilege sba
determined by vote of majority in of the Stock.
holders
ARTICLE XIII
The liquidation of the Association shall be made
meeting convened for that purpose after
ice in two newspapers published in New Orleans Said oni.
iaors shall be solvent residents of this city, not in
lebed the Assoc atom their office shall he ssSad
Ill necessary shall be conferred
liquidation shall be fixed their colnpensation in
c the Stockholders rlay by resolutions in general
meeting convened, determine
ARTICLE XIII.
The and respective interests the parties to this act
ire declared to be as follows TO wit:
Names. M. dFS Shares. Amount
!. d; nt~SGn ...'-.'''.'''..'.'. Ap0 100000