New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-03-23
N. o. CITY RAILROAD co.


CITY OF NEW ORLEANS:
known that this fifteenth day Of June in the Of
psa pend S"s Of tbsss S Sf the
s ss p s & q M 6a as G
said duly commissioned and personally and ap
9 sRa
t on Of ss this Sate they hare
agreed and do by these and bind @
ations, regulations and obligations following, to-wit:
ARTICLE l.
Corporate this Association shall be tho NEW
ORLEANS CITY RAILROAD COMPANY"
The place of business and legal domci of this Corporation
shall be located in the City of New Orleans
The btoet Of this Asocisiop is construct maintain
City Railroads with suitable tnouts and branches for he
Of ossyg aaa
them for building and working City Railroads
The Capita Stock of Corporation hereby fixed at
million Of dollars represented by ten thousand shares of
RnTa5s s n H
a Paid at s sns @ H Of 5
subscription be called for time and not oftener
Should subscriber refuse neglect to PAY puaetuay his
interest thereon the of eight shall be
added thereto from maturity til and any sabseb1
@ days sr Bssstt 9 & ea s Beaa S
sold At public auo Otherwise, after previous
tice thereof by advertisements
ARTICLE
The said hereby al the oTP nt on
Pae Ir % seey am in and 70 the contract opnrchae
gt for the of city cSIe Fo the c
Notary y of &
PHI and ve e hsr , Tssr aqd IN
sna and Psy ess
eRasers in f The following nannsT toyit
BY 1s the f sad peassP 5e appd to Pyn
nSiallents On the stock feSpgcy G r ny irwin
in tie proportion Of their interests in The said cash re-
m s .s % sc S Gpe s eS T
Of the said prce VIZ one hfSa u 1f bis four
several pToniS5ory notes for Of entsix thoqiand
f f2adsc SefR aF%n y ,s
dGd the ct The Day of @ af IN th
two three years date with six per cent interest
pr pe5s % The FSE ore asts Eoa P en item with
said At which said oe S d 5n s S Cot
maturity, according 10 their tenor and effect.
ARTICLE VI.
This Association shall 20 into operation from after the
which, es shn Crescent whn Circle horses and
Car, and the ofthe Corporation traced thereon
ARTICLE
These Articles of Association may modified altered and
the capital stock increased to any sum not M
@ 6 Of d ns
Sapn aSs s 1
noce shall t published sdd
have The privilege Of taking additional shares in
Sn to s Of that ns may s disposed Of
for the benefit Of the Association but not at less than pr"
value
All powers of Corporation shall he vested in Bead q
ho Tfief lis at least dollars of the
capital stock of said Association.
ARTICLE
The following named Stockholders viz John p slawso1
Henry Ha Frederick WHIT Patres y Irwn re So rsnn
josiah Cole j. j. f. Massico GEO W Ielme shall com
shSi at their s Of their number President
said Board shall serve WITH ~ Sn9
ARTICLE
On the third Monday in December eighteen hundred and sig
tR T Ind HRain Sa hed he copo
ration Of which election hIGa 81 AT the e eity Of NV
Orleans.
1o,; o votes counting one vote for each share
voted UPON shall sufficient elect Directors Th9 shall at
their @ se q ss6 who be eeued by
majority Of whole Board and whom all citations and
L she be the duty the preside At all neetings
Bo ard shall elect one President who
shall for the time being exercise the i4 powers Oh pteSden
INSPECTORS appointed by osd the sockhod
ers o Decto at least week prior to any election
ARTICLE XIII.
majority of the Board of Directors shall be necessary
fern Quorum decision of such majority shall be valid
aG e 9 the or nf the ouese Of real
which require of hreeeurths of the whole Board
VI ARTICLE XIV.
ANY Director being about himself period
E MD snb St a have tight twenty
shares Of the capit stock TIE Company ana
for the time being.
ARTICLE
The Board of Directors shall appoint Secretary, ard al
sha The salaries Of all officers Of the CO. poraion and the
amount OF security that Sh'l Dc foq'eo o any ~ oH'''i
SG Board may also delegate such power transaction
Company TO Committees OF the
own body their officers agents. Us they may deem eTpeIi
emf u@ n Soaions as 10 them Shall proper they
sH or STqh The sanS interest Of coporoi
nay require and ha q haze p9 r to smnPy any @ an
eSrel on aceonn of death, resignation want Of the eqas
ARTICLE XVI
the registry and TRANSFER Of gh@res Of he GHDa
ed by the by laws All transfers Of shares shall be made sal
sid books Tie Directors close often convenience
@ M me a Sou n S 4 the SOCK
the same previous TO fun Payment hTing been made
Of S pory paTehasg crowded hns he substituted oaOscr
ARTICLE XVII.
for not d'i SaG sr a h the
F sS Rch IN nS S sb 5 or% be g1eH provided
Article Il, and continued until an election is had
ARTICLE xviii
Each shareholder all meetings for the election of Director
vote on share stock held by him. tt no Stool
holder shall in his over five hundred votes
nroyied also that he shall have owned his stock least hre
months prior to the day of voting.
ARTICLE XIX.
Notwo partners whose subscription in the name Of IL
Arm of which they members, shall be eligible
e 1--WE as directors this Association, shall
aeto Of any City Railroad Or his partner be Direc
of this Company. ,rx
Minutes of all the proceedings Of the Board Directors sha
VT @ the Secretary verified by the President and IL
% n and Secretary shall sign MI notes. drafts, checks
fras Of stock contracts and oil ether eVldehces OF debt
this corporation .n1o,uxY1
~ Roard of Directors may accept Professionally any
ny cnarrcd on This Association by amendment
which formed, or by the adoption
@ Nv, nt nr ordpsuce the Legislature OR CITY Counc
Bnal such power or privilege ha
he deternipsd by Of majority IN 8ihohh' OF te nIoc
holders. no,uxxIrl
The lionidaon of affairs of this Association snail re ma
nv three commissioners appointed by the s,ockHolus III
lice in Two newspapers published i'll New Orleans ad not
dnos be solvent persons residents OF this CITY, not
ebed 10 atom their OF office shall be asSe
ol necessary shall be conferred on them The peri
such manner Stockholders may by resolutions in
Yneeting convened, determine.
XIII.
The and respective interests of the parties TO this
declared to be rs loiio"S' 10 VIII! =,
Names NO. q Shares. AInou
JB, SlawSOn- at0 pHU,
Frederick Wint1. .......,........... l0U0 100,
Henry Hart. 1000 100,
Patrick Irwin ACKNOWLEDGEMENTS. lMl0 100.
A 1fra6P