New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-04-20
4
N. %. CITY RAILROAD co.
sGIHAlsrHlR ORTE4tG NEW ORLEANS CIT
" RAILROAD COMPANY. II
UNITED STATES OF AMERICA, STATE OF LOUISIANA

9 one toassha eght hundred and SIXTY aud Of the ude
t ss5U 9 me- EpWARp RARSETT Notary Public ii and to
said duly commissioned end ort personally came and 49,
1esea hS psro hereinafter named adgsnsa WHY
the STATUTES Of the stae 9f Louisiana relative The orgeui
agreed and do by these presents covenant agree
selves and those %hom they form hesoyes into
latons regulations and obligations following, to.wit
ARTICLE
The Corporate of this Association shall be the NEW
ORLEANS CITY RAILROAD COMPANY"
ARTICLE
The place Of business on& legal d9mo of this Corporation
snail be located in the City Of Now Orleans.
ARTICLE
The object of this Association is construct and maintain
Hy Ratoads Tiih suitable urn9us and branches for tbs
be nPmeE and hereby or ay
ARTICLE
Ihe Capital Stock oft this Corporation hereby fixed
mutton Of dollars represented BY thousand shares one
payable ut The time signing these articles and he enando1
snail be paid at tho time and in the directed by Board
sHnscptI'n ha b" called for any mo oftener
any subscriber neglect paw pnnctusly his
interest thereon the eight ner cent Der SuInm sbaiI h.
added theeto from maturity tn payments and any subscriber
Thirty days after tho specified time payment the Board Of
share or shares upon which nsemen may be due to BE-
ou ~ PUBIC auction otherwise after days previous no
ARTICLE v.
The said hereby assume al the obligations Ohm
D. saW9o a. pF'neina end Henry Hurt Frederick Win2 and
rarc irwin s security in and the of purchase of
right OF way for The construction of City Railroads the City u
Notary on o sb yhsFfs e. Fh2 n5 Gig 5
sNy ePa oGgae itself to construct said CITY Railroads
t forth With here t sfsr aa to-
bonus Of one RGued and S GGs 10 a
59e Rad and agreed to be paid by the said
The oa$h payment Of twenysx thousand dollars advanced
samen's the stock respectively subscribed jy the sad j.
IN t Gy Hr Frederck Wtn'E and Patrick Irwin
sR e aG So the sa5 sum will Apply in
aoRrS to pich The aforesaid purchaser has furnished his
dollars each lran by himself order Of Henry Hart
@ TE ana faFS Twin and BY them endorsed
and PAYABLE At The Louisiana State Bank, IN this city ono
aphed BY the aforesaid Notary IDENTIFY them with the eSre
porati2n and expressly TO paid BY the Company Ct
maturity according 10 their tenor and effect.
ARTICLE VI.
Fhs AssoSaton shall into operation from and after
ARrIoLz VII
This Ass9ciasqn shall have Corporate Seal device
which shall be Crescent within Circle with two horses
Nef ana the name Of Corporation traced thereon
ARTICLE WIZ.
These Articles of Association may modified altered
the capital stock be increased any exceeding
a Ss Sg R 9th s
b S be- n a Rsee Sixty
n R% sT Of f' e s % s
have the privilege of taking additional shares in proper.
ton to the amount Of their stock and shares not taken
value '''
ARTICLE TX.
An powers CT this Corporation shall be vested in Bond
bold s at es h e q T9 Of F3i t
capital stock Of said Association
ARTICLE
The following named Stockholders, viz John g. s1swgo
Henry Ha5 Etsaergk WHIT Patrick Irwin Alfred Penn,
j II. MlEEiCOt, ghaTe
and hereNy constituted the s Board Drectora Wis
Sd nG Si ng Rs
who shall be elected as provided in Article Eleventh.
ARTICLE XII.
third Monday December eighteen hundred and SIX
by the STOCKHOLDERS shall be held a. The Office Of the Corpo
ration of which election previous at least ten day,
shall be given in two newspapers published in the city Of
ARTICLE XII.
plurality Of yotes Counting one for each share of stock
y9e r f ea Gs sp s i" sS6t Trq ha nj
bo for President Of the Association who shall elected by
majority q The Whole 9sfd and upon whom all citations and
i shall be the duty of the President preside all eongs
Board shall elect one of their members President pro tenn who
Al & be BY baot snde e Of
ngpecoTs by the Board from among the stockhod
era mot DectoF5) Ut least one week prior election
ARTICLE XIII.
majority Of the Board of Directors shall DO necessary to
fern quorum and decision of nch majority shall be a valid
Grin building aew roads the purchase Of real estate
winch snail require vote Of Of the whole Board
ARTICLE XIV.
Any Director being about absen. hiuSelf for period
d suate sha have his rEbt not e sSa XII @ydea
five shares Of the capl stock of the Company and providea
for the time being
ARTICLE XIV.
The Board of Directors shall appoint Secretary ard all
sha fix the saaTcs Of nj ocoF Of Tie co.. m e 3pa
amount of security that shall he required from any said ocers
Said Board may delegate such power the transaction Of
body their officers agents. as they may dem exnd
emit and may also appoint agents within and without this state
shall have power make lyIaws ules regulations and 70
may require it shall have power to snppI anv
cies that in their Board ncb may be de-
number shares insolvency. or absence without leave three
ARTICLE XVI
Books for the registry shares of the capal
stock shall be opened and kept subject restrictions
signed BY sarehoor or bis ne and p s
SAID books tho Directors may close aa often convenience
days time Should subscriber the stock desire to
ha permitted to 50 by s6stae ot bes nfse saS
the party purchasing provided that the substituted subsCrip.
ton is satisfactory TO the Board of Directors
ARTICLE XVII.
failure from elect Directors on the day named
for that purpose shall Association bu Tia nj
hs vhc notice sa Be ysn S az pr elsG9n IL
Article r. and continued until an election is had.
ARTICLE XVIII.
Each shareholder all meetings election OF Directors
other purposes shall be entitled directly proxy one
Oh each share of stock held by him provided Stock
holder sA vote in hs five hundred votes and
provided also that he shall have owned his stock at least ee
months prior to the day of voting.
ARTICLE XIX.
No two partners whose subscription In the name Of thg
commercial firm which they members, shall eligible nj
same Direct S of this Association shall D
of other City Railroad his partner be Director
Of this Company.
ARTICLE I.
Minutes all proceedings Of the Board of Drectas shall
kent SecrsGry verified by the President and this
Pres dent and Secretary shu sign MI notes. drafts checks car
stock and all "ter evidences of debt
this corporation.
ARTICLE XXI
of Directors accept professionally power
or privilege conferred this Association amendment
under which the is formed nj
the final acceptance Of snch power Veee shall
determined by vote Of majority In amount Of the Stock
hndcTs
ARTICLE XIII
The liquidation the of this Association shall he mad,
BY commissioners, appointed by the Stockholders at
meeting convened 70 that ppoe, aer xt days previous no
ce newspapers published in New Urenns Said Irni
shall be solvent persons residents Of this city not in
Atiou their of office shall be assgneJ
all necessary power shall be conferred them The neio3
for Humiliation shall fixed well their cOrnpensson n
such the Stockholders may by resolutions In genera
me6iug convened, determine
ARTICLE xSIII.
The respective of the parties to this
declared to be rs follows, TO wit:
Names. No. of ShRreg Amount
j. b. Sl6Ws0n. AM0 SaDNl