New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-04-26
N. o. CITY RAILROAD co.
CHARTER OF THE NEW OIELEAES CITY
~ RAILROAD COMPANY.
UNITED STATES OF AMERICA, sTATE OF LOUISIANA
CITY OF NEW ORLEANS:

| UNITED STATES OF AMERICA, STATE OFLOUIsIANl
| CITY OF NEW ORLEANS:
BE sn2n that ths fifteenth day Of june in the year
o S6d ae Of sna sy ma Of the nd
hst25f 5ns sas sP PsTA p EAENT Notary Public
said duly commissioned sworn psrsonav eae and ae
@ 9Snsa end Of nna s VIII
the the 9 ST Of The s1e G hsasa rs,ve orgsns
agreed end do by heae presents and bind her
and consnte for the e and andss Ss into
iations regulations and obligations following towt:
The Corporate Ct this Association shall be the NEW
ARTICLE
The place Of business legal doncf Of this Copor ato
shall be located in the City Of New Orleans.
ARTICLE
~, The otset Of this ASSOCIATION is oconstnct and
pSgs a55 TFas and gTsy to eores s9eL
be conferred them for building and working City RAILROADS
ARTICLE ".
TIE Capital Stock Of this Corporation hereby fxed at one
hundred dollars each e per cent Of each snbscroon shall be
ha paid drected By tie oafd
on p9Tided St not more than ten per cent Of 7d
ti'sn once within any thirty days.
any snbcr5er refuse neglect pay pactuaH
interest thereon ii the rate of eight per shan be
hcis Bis smeh or 4a II hy i4o1s5
est 9ys sgf s sBecaed time Of Pay.1en the Board Of
share or shares upon ich insamen due be
sod at pu5c auction. otherwise after days previous
tice thereof by advertisement,
ARTICLE v
The coposion hseb assume all the obligations
tack LrH az security in and the contract of purchase
New Orleans per ed 6efos chaes Fg tPs G
fSt End On s sy of sghesn hadrsd
ing to the plan and specifications and within tins and in
herey aas
5 oms and pay the b9np a one hundred and h thousand
chaas Ss s., in in tic following manner. to.wit:
y NJ sad ppied to the paynen a fSe
On the i,oek Tepeetye subscribed he
in the proportion Of their said cash payment re-
sa6 S aRe IN 5 a
81 the said price VII One hundred and four thousand
several promissory notes for the of twentyx thousand
the and iFf b e neas 5
dated the eyen b d%y Of eighteen hundred
two three and four date with six per cent
aPs by ss oa dan sf he n9 ~ T be so4s
said Act and which spd hereby by this Cor.
maturity, according TO their effect. COMPANY a.
ARTICLE
This shall into operation from after tn.
ARTICLE VII.
which shall be Croscen Within CreIe WITH wo e b oeee
Car and the name ofhe Corporation traced thereon
ARTICLE VIII.
These Articles of Association modified or aarad and
the capital may increased any sum not exceeding
two MILLIONS Of dollars in the provided by law with The
in general meeting after thirty days notice when
notice Of tho same shall be given in two STy aay
the city of New Orleans within which sockhoiders Shall
ton the of their stock any shares not xxx
the expiration of that time may disposed Of by the Directors
fer the benefit of the Association not at less than paI
value ~ P
All powers Of this Corporation shall be vested Boad Of
Directors consisting Of twelve persons whom shall
capital stock Of said ASSOCIATION hundred dollars Of the
ARTICLE Z.
ey s F eiGd %h s John sagsoI
Samuel Smith Armand Hene James 0. Nixon, L. F. Forsa
pose hereby first Board e Of Be sh" %c
h@ at hs dr Fs meeting elect one of their number President
who shall be elected rs provided in Article Eleventh.
ARTICLE XII.
the third Monday in December eighteen hundred end
C y the sh" be- hed at % 9F tws We Direct
Of Which notice I'll Of ' a e of the
shall be given in two newspapers published in the city New
ARTICLE XII.
plurality Of Counting each share of stoc,
voted upon shall be sufficient, elect Directors who shall
q P re- s Of h aT and o who 5 shall be
othe legal shall upon ~n0n all citations An
shall be the duty of the President preside meeting
Board shall elect of their President pro tem
shall be BY ballot under the supernendenee
apponted BY the Board from sockhold
ers mot Direetors at least one week prior election
| ARTICLE XIII.
majority of the Board of Directors shall be necessary
fern quorum and decision of such majority shall be val
orn building roads purchase Of real T ea
which shall require vote of hreeourths whole Boa
| ARTICLE XIV.
Any Director being about himself for period of 81
said substitute shall have in his right less Than WENT
| for the time being.
ARTICLE XIV.
The Board of Directors shall appoint Secretary. ard
tI1pr mn iT1Dv
shall fix the salaries of all officers of the poration and tn
am9nt Of security that shall be required from any Officer
Slid Board also delegate such transaction
body their officers agents. they may deem
% sm 9Th Ta se snd TaSn s
h Gr nsT b S T rs and
require it, and shall also have supply any
cared account of death, resignation of the reduisi
number Of shares insolvency. absence without for tire
ARTICLE XVI
Books for the registry and transfer of of the capita
y i he Rs s@5sG, . str direct
books and signed by the stakeholder attorney and vic
eSpediency may Esqnre but not for longer period than
@ the S pso sGii' psTme to the Ne desire
he shall be permitted to do so BY substitute Of the subscrpto
tor is satisfactory to the Board of Directors.
ARTICLE XVII
failure from any cause to elect Directors the day name
held OF which notice shall forthwith be given provided
Article Il, and continued until an electonis had
ARTICLE XVIII.
Each Shareholder all meetings the election of Dracto
other purposes shall be entitled directly by proxy to or
vote enc shnre of stock held by him. provided that no Stool
holder shall vote in his five hundred votes an
provided Also that he shall have stock at least hrt
| months prior to the day Of voting.
| ARTICLE XIX.
No two partners whose subscription is in the name of Il
commercial firm of which they members shall be eligible
The same time MS Directors of this Association nor shalt
9TH Railroad his he
of this Company.
Minutes all proceedings Of the Board of Directors ha
he kent Secretary and verified by the President and
fcacs stock contracts and all ether evidences debt
this corporation.
ARTICLE XXI.
The Board Directors may accept Professionally any pow
or privilege conferred on this Association by any amendment
the law which the same is onne or by the adoption
any new net ordinance of the Legislature City Council
u the final acceptance of amy such privilege sha
be determined by OF majority i'll amount Of the Stool
holders "
The Humiliation the anrs of this Association shall be mac
,y three commissioners appointed by the Stockholders ri
meeting for that purpose ntter sixty days previous
dnoH shall be solvent residents Of this city
lubted the Associations their term of Office shall asgnt
for liquidation shall be fixed well their compensation,
such manner the Stockholders may by resolutions gener
meeting convened, determine.
ARTICLE XIII.
Tho names and respective of the parties to this
| are declared be rs follows, to wit:
Names No. of Shares Amour
| J. b, SllW4On. NEUTRALITY-SUSPICIOUS. lhh $hJ.G
Frederick Wintz .....'........ l4Hl 1896
Henry liMt. ...... ..'.'.'','..'.'''' irtN lWU
Patrick Irwin Observation-Disclosures. l0DH 1896
| NM