New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-03-05
N. o. CITY RAILROAD co.
fyHAKTER OEtrilM NEW ORLEANS CIT
" RAlLROAD COMPANY. -
UNITED STATES OF AMERICA, STATE LOUISIANA

!
~ q AllRoAD COMPANY.
UNITED STATES OF AMERICA, STATE OF LouIs1AEA
CITY OF NEW ORLEANS:
bS kn9wn that thts r.eenh day June in tho Of
HARN& E @ Rsfy ' Pas IL and io
s.ia duly commissioned and ssor personally came and ap
sysally SvaSF S5elvas Of the
me statutes Of tho State Of Louisiana relative The orgnza
agreed ard do by these covenant agree
Sx G aS to form n ns M into
'"tlos' regulations and obligations following wit:
The Corporate this Association shall he tina NEW
ORLEANS CITY RAILRoA ID CoMFXSY wv DC '''' NE"
ARTICLE H.
The place Of business legal octl Of fills
shall be located III the City of New Orleans. '''''N'
| ARTICLE
CIV TN 0P%St Of this construct
PmJho5e OF pnss ana generally such
be conferred them for building working City Rai'oas
| ARTICLE ~.
o Sqsk % M Re- hereby qsss
Gps e;c I'VE per cent Of each subscription be
s9a be gid at the time and in The directed by the isoaTd
subscription a be Called for 1ls , os Sn per cent Of nd
| '' Siif once within any thirty days.
nStnlnent or nstsmcns The nluro aud is due
adIe tlcreo @ tn OF egh PER cent per alnuIn shall be
meReeS or refuses to pay his nst9ment isalen within
Director .ses S rsnt 9'@' e aS1 h9'a a St
share or shares which ANY n5.ane may be ne 10 he
| tice thereof by adyertioe,nGn '' ~ '
ARTICLE Y.
The said Corporation hereby the obligations Of Iohr
sawSon principal and Henry Hart Frsdek WHIT and
sh way CONSTRUCTION Of @ Rnoads 81 te tS Of 81
N N.Y. 0FGps as per Ec passed Charles d. Fo G
9y EsS "1 s Esfo s99rsa
lie manner set II std %d VIII TnT bSr ,9 an% in
Sm n nav 1",, ana aho isehr expressly agrees TO
e Ras.1 i re-, Ra md to be paid by tho SAID
BY the said purchasers stall be applied to the payment Of the
B wson Snry @ FsdefisE VIII and r"iraE s i If%in
81 M 0 as the her ,d dt s II the Sid G"5 p
teir sn1 nsalments they due for lie bnance
dollars which prch,ss has fn ,r hs Fo
dollars ~ bms f 10 OF o aTsF y ns6 5h%q sp
ETH @ i'5 n , If Gk h"i and By them endorsed
sn pyaos SI ne Lous9" State Hnk in this city one,
per a9nn from date @ d INV T' ,E po,s Gent interest s
Aphed by the aforesaid Notary Identify The aore
pSFS1 and syPre; y @ 81 he cSmPa s 0a
ARTICLE VI.
Th AsoGiao shall into operation FROM and after thf
ARTICLE VII
vc M Descent wthu SGPS so Ssa the dggss
"A'' 'N 'o lame o! Inc Corporation traced lereoa
ARTICLE VIII
TheGc Articles of Association may he modified or o, and
rR aGrS aay Ge Increased to any exceeding
a Of s 5 Re By H gn hs
III Sots.a meeting convened after thirty duya notice When
81 %S S@iS25ss@ 1a sTtE Sis
have e privilege Of tSking %daia5a ST. n 9a
ton 10 the Of their eoc and Any shares unt p
e1 The benefit # the Association, not IT less than os
AKr1cLE1x.
All powers Of this Cooperation Shall be vested in Boad Of
asGt9g cSa,3iGE o. twelve persons each whom Shall
pa stock Of said Aocso T:"' hundred dollars of the
ARTICLE K.
THE The f a5 named s,SfkoSers viz John B. savson
2elue saith Afnlnd Hene 1unes o. Nixon L. f. ForstnIi
The S o W. dH If D.stl %
ssi At 'he fret neeting elect hsT naGeT prssent
who shall be elected provided EsSe9h
ARTICLE XII.
On the third Monday December eighteen hundred M.
o by the stacE holders shall be held office of e CoTn
ration Of which election previous notice Of Ut least tan AZ
shall be given in Two newspapers published in city Of New
ARTICLE XII.
plurality Of votes Counting for each share Of stot
voted npon shall be sufficient elect Directors WHO shall al
Der Tor President OF the Association who shall elected bv
osr & sba Ra 5e eS upon whom all citations and
Il shl be the duty Of the President preside all eetu.
iofT shi GsSt pnG Of their members President pro tenn who
Al slssons shalt be BY ballot under snpsrntendemcS Of
ct" mot ptetorS at least one week prior any election
ARTICLE XIII.
majority of the Board Of Directors shall be
oEn aiotGn ana decision of such majority be valid
on h'iinE roads for the purchase Of fsal sns
of Directors " 0 h'"io
ARTICLE XIV.
Any Director being absent himself for ~
MD s~bTtiute sa have his right not le,s tbnp %Saeo
or the time being. '''A'" u directors
AHT1cLExv.
The Iioard Of Directors shn appoint Secretary, and all
mount Of security that be required from any d Ia ,e
s% ~ o,a mny also dSef"e such power IN of
%n body or Their officers agents they may deem expedi
hem T e sS TI1h9u h5 ,3
mall 9@ye a P9%e TO MIKE rules and and q
Pay Tee H. ana fG H2 hye power to supply my vacan
nred account of death, resignation want Of the ys d
ntnheT OF share insolvency absence leave Tor tbre
ARTICLE XVI
Books for the registry nd of shares Of the cat,,
BY by %g All irnsiers ar re s M IN direct;
MD has ni ~ @ or his attorney which
pSeGy I'M NIFTY sf4@f gn not :oE longer than ten
me sane nrsyogs to I'm having been made
hs paI pnresn 40 so y "uts Of
on is satisfactory to the Board Of Directors.
ARTICLE XVII.
taliue from any cAie to elect Directors on tho dav a.
'r at purpose shall not dissolve this Association Int tb III
sct"s then 10 office shall hold another eection 10
eIt Of which notice 6sl forthwith be given "a rovid4
flcle IL, ana continued until an election had :"
ARTICLE XVIII {
Each shareholder at nil meetings for the eectio, NJ
olntF PURPOSES snail be entitled directly or hv nrov W ~
Ge % vote III ms own name five hundred yotrs ma
oVue1 MISC mat he Hinl have snst ,H
ontns prior to the day of voting. ~ " AS' 'i'ee
ARTICLE XIX,
partners whose subscription ig in be mama ~ 49,
numerical firm Of which they members shall he eIi,t ~
time Directors IF this Association nor shalt nj;
cor Of ANY other City Railroad his partner, Dreco,
this Company.
ARTICLE /
Minutes of all the proceedings Board Of Directors sL
kept by the Secretary and verified BY the President and
dent and Secretary shall sign all notes drafts cherk aug
Of stock contracts and all Sther evidences Of deht ~
IL corporation. " "' vi
ARTICLE
TIE Board Of Directors accept Professionally anv ,oe
privilege conferred this Association By INV nToennau
law under which the f0rnei The aontion "
act ordinance OF tho Legislature Civ {oum,
t the final acceptance Of such power or pryea .bn
determined by vote of majority In amount Of tbe Ston
lders. VIZ QUICK
ARTICLE XXI 2
The liquidation of tine affairs Association sho In mad
three commissioners, appointed ny the
etnE convened for that purpose after DAYS nrevon
L in two newspapers published in Now Orleans Sail IIy
tors shall be solvent residents Of
ted the Assoc aon; their Office shn he si ~ ~.
necessary power shall be conferred Oh them T
liquidation shall fixed well as their PERIOD
III the Stockholders may by rcsoluios IN ~
citing convened, determine. ' III SeHetal