New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-03-19
N. 0. CITY RAILROAD co.
CHARTER OFTIIE NEW ORLEANS CITY
" RAILROAD COMPANY.
UNITED STATES OF AMERICA, STATE OF LOUISIANA


Be known this fifteenth day the year
Lord thousand eight hundred and axy end Of the indie
sS Rs%7 S
sh city S snd Pa of Sew a of ana
peated The persons named and whe
the Statutes Of the relative organza
n CS5 e bic in 1 Ssy have S5
selves those whom they represent to form themselves into
laons regulations and obligations following, to-wit:
ARTICLE l..
The Corporate of this Association shall be the NEW
ORLEANS CITY RAILROAD COMPANY"
ARTICLE H..
The place Of business and legal demc of this Corporation
shall be located in the City of New Orleans.
ARTICLE
The object OF this Association is construct and maintain
Gy Rsitoad VIII suitable tun9n:a and otnce e' ans n
powers and privileges as are hereby or asy hereafter
ARTIGLEI
s oss RAJ s ssd at one
ye ner cent of each sali be
payable at the time Signing these articles and remainder
q pssc pSSsided bS than len Ssa # aid
should subscriber neglect to puaeqally h'
interest thereon At the Of eight cent shall be
negiso or to pay Els or nsaents
@ sS @ the s eE 5 S Of
sha 1 upon which may be due to DO
tce thereof by advertisement
ARTICLE ".
H. hereby s" sng s sss sh
for h b p%s 5 Gy
l Sss oss s s OF h
Pg to the plan and md within The tms and in
and made part hereof and also hereby to
me e nn bs p a tie @ pa
chaserE, in the following manner wit
by pSSrcHasers shall spped to paysnt
B. snwson Henry Hart Frederick WHIT and Patrick irwin
in the proportion Of their interests IN the sold cash
ssjf nstaIentS they Become dpe baancs
dollars aforesaid purchaser has furnished
several proissoy notes for the of twenysx thousand
Frederick WntT Patrick irwin and By them endorsed
and payable Louisiana State Bank city, one
two three and four from date with six cent interest
aphed The Aforesaid Notary identify them with the aore
poaion and expressly agreed to be paid by the Company
maturity, according to their tenor and effect
ARTICLE
This Association shall go operation and the
ARTICLE
Ths Association shall have Corporate sea the device
Car and the name ofthe Corporation traced thereon.
ARTICLE VIII.
These Articles of Association may be modified
the capital stock may increased any exceeding
Of Of hs
p BE- ad Wh s
notice Of the same shall be in w9 published
have the privilege Of taking additional shares in proper
the expiration Of that time BE- disposed Of by the Dcors
value
An of this Corporation shall be vested Boad Of
hold his own rght 1t eas twenty-five hundred dollars Of the
ARTICLE
The following named Shareholders viz John b. slawBor
E Hsnry Hs htmsaS . %"s ps N AsS
Josiah Cole J j. f. Ma5scot and te9 W. Ielme shall
shall their first meeting elect of their number
and said Board shall until supeceded BY their
who shall be elected as provided in Article Eleventh.
ARTICLE
On third Monday December eighteen hundred and six
the he eTy The oofpo
ration Of which election previous n2se Of at eas ten days
Orleans.
plurality Counting vote for each share of stock
voted Shall be sufficient elect Directors shall ii
s the a @eG h9ofs s one Of Their
majority Of the whole Board and upon whom all citations
shall BE- the duty Of ths President to preside At all meetings
shall for the time being exercise tie full powers Of
inspectors appointed board among the soeR6od
mot Directory at least week prior any election,
ARTICLE XIII,
majority Of the Board of Directors shall be necessary
form quorum decision of such majority shall be valid
$ in SsW a or o e of che 3
which shall require vote of hreesurths of the whole Board
ARTICLE XIV.
Any Director being himself for period of s1
ad a b. s 6s snSy
Aye nHss Of the eapa oek Of the C9%pf and provided
for the time being
ARTIoLExv.
The Board Of Directors shall appoint Secretary and all
clerks and agents, and the pleasure and
shall G the salaries Of VII officers Of the opoaion and
amount Of security that shall be required from said officers
Said Board may also delegate such in the Of
fnAn 10 sof, lsjr
own body or their agents they may deem exped
Sn3er such 5oops az 10 item sha roper And be7
shall have PowE to make $yas t Tf and and 70
require it and shall also have supply
account of death resignation, requisite
nubeE of shares insolvency absence without leave
ARTICLE XVI.
Books for the registry and transfer shares capital
Cd BY claws All transfers shares shall made on said
3 IKE @ o o at R s
sxpedieney may Tsqns but not for Longer iod than
transfer the previous to full payment having been
he e be do so S 5 M e e sab.egpoD
tion Is satisfactory 10 the Board of Directors.
ARTICLE XVII.
failure from any cause elect Directors on the day
then in office shall hold until election
Article u, aud continued until an eloctonis had.
ARTICLE XVIII.
shareholder at all meetings for the election of Dector
be entitled directly
each share of stock held by him provided that
provided also that he shall have owned his
months prior to the day of voting.
ARTICLE XIX.
Noto Mariners whose subscription Is in the name of thu
of which they members shall be eligible
rector Of y other City Railroad his partner be Deco
Of this Company
Minutes Of all proceedings Of the Board Of Directors
r Nv the Secretary verified by the President
shall sign Ill notes. drafts Checks
tcates Of stock Contracts and all sher evidences of debt
this corporation .-
The Board of may accept professionally any powe
conferred this Association by
the is formed, by the adoption
hni the frp acceptance any such power privilege
a dearriued by vote of majority in amount Of the Stock
holders.
re 1iouIdson Of affairs of this Association shall mad
appointed by the Stockholders
that purpose after sixty days previous
flee in Two newspapers published in New Orleans. Said i1u
GSbed 10 the their of Office shall assigned
ali necessary power shall be conferred them The pero
or Humiliation shall we'll their compensation
such RUNNER the Stockholders resolutions in generG
meeting convened, determine
ARTICLE XIII,
names and respective Of the parties to this
are declared to be as follows to wit:
Names. NO. OF Share9, Amour
j. SAws0n, 4E0 52O0M
Frederick Winta .....-'....'.''. loco 1000
Henry Hart. UU l0nlH
Patrick Irwin .-.'.'..''''''''''''' 1870 lQ0G