New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-01-25
N. %. CITY RAILROAD co.
OF THE NEW ORLEANS CIT
u RhIIROAU COMPANY,
UNITED STATES OF AMERICA, STATE OF LOUISIANA
CITY OF NEW ORLEANS:

CITY OF NEW ORLEANS:
Be It known that this fifteenth day june In the Of on
thousand eight hundred sxy and e the JndS
Psndsnee Of thee Yntea ss 9f ors s ~ 1d m
the City Parish Of New Orleans state Of Louisiana sfoe
psars dn e peaons Hereinafter
every declared That awaiting thensc Of the o.
ton Of Corporations this state they have eovensntsd and
and 90 y to
and constitute for the 9ee ana "Rdst the
ARTICLE
ORLEANS CITY RAILROAD COMPANY"
The place of business and legal doIc of this Corporation
shall be located in the City Of New Orleans.
ARTICLE
The object of this Association Is conruet and maina An
City Railroads. with suitable turnous and branches Tor ing
Of carrying ana sSsrfsg
be conferred them for building and working City Railroads.
ARTICLE
The Capital Stock ot8 Corporation is hereby fixed at one
million Of dollars represented by ten onsand shnre 81 9he
hundred os five ] snJ s smnnde
shall paid the time and in the manner directed by the oard
subscription he called any time and not oftene
than once within any thirty days l., a,. ,,ot,a,r his
insnliment nstamcns she same mature and fall due
h@s al maSr I'll et amy
negec' refuses Lis insalments within
Directors reserve 10 themselves the fight Of causing any
share shares upon which insament be due to DO
od public auction otherwise, after ten days previous no.
ttce thereof By advertisement,
ARTICLE v
sawSon as rnepal and Henry Hart Fredcric Wntz ana
rsh Of way for the co"s"con Of city city
New Orleans act passed before Charles e. Foer C
asy fs
The mnnne1 set forth SaiG which
and made part hereof and ALTO hereby expressly agrees to as
dPr e , Raa and Agreed to be paid by the lAe
The cash payment Of yentysx thousand dollars advanced
by the said shall be applied 10 The payment Of he
E. %D
in the proportion Of their interests in The said cash payment
their said they due for The balance
dollars which Aforesaid purchaser las his
several promssoy notes. for The Of wenysix thousand
fG1s ssS sss and f'fst sa
three and four from date with rig cent interes
sR BY s'S sod No s"y M S s't
p sG and cH5ey agreed to Te psd y the Ccmpany
maturity, according to their tenor and effect
ARTICLE VI.
This Association shall 20 into operation from and after
ARTICLE
This Association shnl have Corporate Seal, the device
which shall Crescent within Circle with two horses
Car, and the ofthe Corporation traced thereon.
| ARr1c1E VIII.
These Articles of Association may modified altered
the capital stock be Increased to not exceedin
%s G1s G ts M
in general meeting convened after thirty days notice. Wher
notice Of same Shall be newspapers published
the city of New Orleans within which time khodes shh
ton of their stock, and any shares not taken
the expiration that time be disposed Of by the Director
value.
All powers this Corporation shall be vested in Boad
Dsctos oo.sing Of twelve persens each Of Thoin sh@
capital stock Of said Association.
| ARTICLE
The following named Stockholders, yiz John p slagso
p.rrv EuTf TFtriD 1frrdF
Samuel Smith AT1neu4 Hene, Jaiacs O Nixon, l. F. FPrsta
Shall their first meeting elect of their number Presider
who shall be elected provided in Article Eleventh.
ARTICLE x1.
On the third Monday in December eighteen hundred ST.
ors by the s.soEhoder shall be held ST the office Of the Corp
shall be in newspapers published in the city of Ne
Orleans.
plurality Counting share of stot
voJed uponl shall be arcien 10 elect Directors shall
o for Prcsden Of the hsociaon who Shall be eleuted by
majority Of the whole Board and upon whom al! citations
shall DC the duty of the President to preside at all meen
Eoe!d shall elect their members President Pc tern
shall for the time being exercise the full powers OF President
All elections shall be by ballot. under the superintendent
inspectors appointed by the Boerd from among the socho
Directory at least week prior any election
| ARTICLE XIII.
majority of the Board of Directors shall be
form quorum and decision of such majority shall he
ait r6 S the or % @ S of g @
which shall require vote Of threeeuhs of the whole Boa
ARTICLE XIV.
Any Director being himself for period of
months less may dominate substitute in his stead provd
Il shares Of capital Of Company and provide
that said substitute be elected by the Board Of Dectc
for the time being.
Board of Directors shall appoint Secretary,
pt fIH