New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-02-14

NJ. o. CITY RAILROAD GO.
rSIIARTER OF the NEW ORLEANS CITY
" RAILROAD COMPANY. me- 7~1 Ic@ ~ \
UNITED STATES OF AMERICA, STATE OF LOUISIANA
CITY OF NEW ORLEANS. 2,

of
Pssssa hs hsrslnrtsr
n # hs Il & relative The ogsns
MY e and these Ehgn hey 70 into
tatons regulations and obligations following to.wit
ARrioLE
Corporate this Association shall he the NEW
ORLEANS CITY RAILROAD COMPANY"
ARTICLE
The place # business and legal 9mici of this Corporation
hnali Dc located In the City OF New Orleans
ARTICLE
The object q tis Association y construct and maintain
y Raitosds with suitable turnauts and branches for th
neideatslpewes and privileges hereby
54S5 58sFg4 ARTICLE
Capital Stock Of this Corporation Il hereby Fixed
q ess ne @ y Of
payable a &c lime signing these articles and
Of Directors a. 1hs than ad
a DC called f2r any one time and not oftener
Should sabssfbsr neglect pay punetnaly his
Interest thereon a the PEI per aunuIn shall
g. @ s III o. a Ry s"s; ~n
thirty otter ths specified time Of payment the Board Of
shares which any nstamen may be DUE to 5s
sod " after ten days previous
ARTICLE '.
hereby 81 The obligations Of John
PatreE security il and . The eonsct q purchase Of
o G
Nota 'e Of February eighteen hundred and
e s ps sna and gha ts tine and in
ss
ehasss II he following manner p-'N ''' 'A,
by said pnrehasers shall bs applied he payment he
tho stock ,especve subscribed BY The said j.
sTs
e. III e sT a 6 o s
e Se sad prize VII One and four thousand
promssory or the sum Of wenysix thousand
Ss aa p and Gf by Il 'e5 ms
ahtsd The seventh qy Of Febrqary eighteen hundred and sixty
t16hree And foar from date Win per
R esd 81 g e hff tfa nos s
said ord which Esd otes hereby assumed BY this Cor
maturity according 10 her tenor and eject ~
ARTICLE
Association shall into operation from and after shs
ARTICLE VII.
All ssS hay f f ho b dsyss
and the name ofthe Corporation traced thereon
~ ARTICLE VIII.
These Articles Of Association be modified altered and
capital stock be increased any exceeding
two niens Of dollars in the manner provided by law with the
j. g ets s sa Hs 1y day Pes Whsn
tic city 81 New Orleans within which time sockoders shall
on he heir sloeE, any shares taken at
Ct e SsnsH' q ne but not at less tina" par
All powers Of this Corporation shall be vested in Boad OF
oS i III e e% e ss sTs n g TR
capital stock Of said Association.
ARTICLE
The following named seckhoiders viz John B. sawson
Samuel Smith Armand Hene, James o Nixon L. Forsta
Josiah ses ~ p ma5sieo ad Geo epe shall
st eetng Of thsiE number rresdsnt
d EeSes
ARTICLE
onthe third Monday in December eighteen hundred six.
by the Stockholders shall be held The office Corpo.
Orleans.
4RTIcLE XII.
plurality Counting for each share of stock
voted npon shall be sufficient to elect DilecorD shall al
ssF fo President If e AssocsoR Who b be eeetad b7
majority Of the whole Board and upon citation, and
sshs y he duty of ne President to preside ali
shall elect Of their President pro tenn who
shall FOR the time being exercise the fqll powers
nspaoto appointed y lie Board The
mot Decors at least one week prior any election.
ARTICLE XIII.
majority Of the Board Of Directors shall be necessary
form and decision of such majority shn valid
H., except of me rTcaSse on ne ght Of way
which shall require vote CT fSufths Of the whole Board
ARTICLE XIV.
Any Director being himself for period Of SIX
months may nominate substitute in his provided
1--WE Of he Capital stock Of the Company ana proT5eS
also said snbtue be elected by tho Board of Directors
for the time being
ARTICLE XIV.
Board of Directors shall appoint Secretary ard all
md s es snd ry aeTs f he at
Of security that shall be required from said officers
Said may also delegate such power transaction of
The business Of the Company to COMMITTEES Of their
en and may as9 appoint Agents within and without this State,
shall have power BYLAWS rules regulations and to
aned alter the tue interest of the corporation
may require It, and shall also have supply any
my thsiF Board s4eh vseancss may be de-
number Of shares insolvency absence without leave
ARTICLE XVI.
Books for the registry share the capital
stock shall be opened and kept subject the restrictions
books signed BY shareholder attorney and %5ch
said books The Directors may close as often convenience
days time Should any subscriber the stock desire to
81 ~ Sfsa 9Ss
Of party purchasing provided that the substituted subcrp
ton Ia satisfactory to the Board of Directors.
ARTICLE XVII
Aaure from to elect Directors the day
held which notice shall forthwith given provided in
Article IL, and continued until an election is had.
ARTICLE XVIII
Each Shareholder all meetings election of Direction
vote on stock held by him. provided that no Stock
pfoded at e have lis ocR at least hes
months prior TO the day of voting.
lS ARTICLE XIX.
M two partners subscription is in the of the
firm ah II s' fse 1sGs snl s se1
rector any other City Railroad or his partner be Director
Of this Company.
Minutes Of proceedings Of the Board of Directors shall
he y the Secretary and verified by the President and the
President and Secretary shall sign all notes. drafts Checks
tiscetes Of stock contracts and all se evidences of debt
this corporation.
he BOARD of Directors may accept Professionally power
or privilege conferred this Association by amendment Of
ta law under which the formed by tile adoption
any new act or ordinance of the Legislature City Council
buf the final acceptance of any such privilege shall
he determined by of majority in amount Of tho Stock
holders.
The Humiliation the affairs OF this Association shall he made
nv Ihre commissioner appointed by the Stockholders
eetp that after sixty days previous
Ace III two newspapers published in New Orleans. Said qu
ebed 10 tile atom their term of Office shall be assigned
ali necessary power shall be conferred them The periot
r icnidation shall we'll their alton ii
sue nanne Stockholders may by resolutions genera
, meeting convened, determine
l=5 ARTICLE XIII.
~ names and respective parties to this nc
are declared to be follows TO wit:
y Names. NO. 81 oharess Amount
r III Sawson. .................. 1000 500, NO
Frederick WintS,. .....,..'.'.''... igVV 10000
Harry Hart, 1000 10000
M M