New Orleans daily crescent., 1861-01-31
N. o. CITY RAILROAD co.
UNITED STATES OF AMERICA STATE OF LOUISIANA
CITY OF NEW ORLEANS:

UNITED STATES OF AMERICA, STATE OF LOUISIANA
CITY OF NEW ORLEANS:
Be known that day June in the Of on
Lord thousand eight hundred and sxty and Of the indS
BAFSET N9,afy fqe ia,;it6 n "Hd "}o fe
said duly Commissioned and sworn personally came and Sp
S hs Hse ana
the Statutes of the tae Of Louisiana relative 10 the " @
agreed and do by these presents covenant and bind them
and ghom they @ form nss bs R9
latons regulations and obligations following. to-wt:
III GoPof H e tx bSSqsn2n be the
|
legal domc Of this Corporation
shall be located in the City of New Orleans
ARTICLE
The object Of this Association construct and man'9s I
Of carrying and generally to exercise en
be conferred them for building and working City Railroads.
ARTICLE ~
The Capital Stock Of this Corporation hereby hxed at one
up red dollars EACH i've cent Of each subscription shall be
si &c pad s the tine and the recis BY
a ID c hd not IT more h%n sR s s1d ] na
than once within any thirty days.
instllnsent insalmens tho and f@ due
at the rns gh per 5 PER be
negects to pay instae"t nstalIrens within
to emseve he rsht Of eaasins any
3 0 y a a BE payoa ags
| tce thereof by advertisement,
ARTICLE
The said Corporation hereby all the obligations Of John
sawSen principal and Henry Hart Frederick Wntz and
right Of the construction Of City Raionds City a
New orleans per Rc passed before chss e. Eo,eI cg
sixty ogaes said C Railroads uccofd
the manner set forth IL sa which shers referred TO-
and made part her and d se gs
dSar Il si M Raa and agreed to Be- paid by the SAID
The cash payment twenty thousand dollars
sd cha s be spRsa , The y @ sd % h. b.
awson Henry Hart Frederick Wntn al snd Patrick Irwin
speerely, the sad viii apply the Of
s said s they hey S s "ad fer The
doIla for F%ch The Aforesaid purchaser furnished
Gn III fe9 The
as @ y s @
and payable al he louisiana ssis Bank II ths eiy a
from 10"h Sat 0 Wiz
Ra 5 e S NSs os ias1sy eqs S
and expressly sEesd to BE Eaa by al
ARTICLE VI.
This Association shall into operation from AID after the
This Ass9eaon shall have Corporate sa tn device
Car and the name ofthe Corporation traced thereon
ARTICLE WIZ.
These Articles Association may modftd altered
TIVE Gn 5 1 the
consent Of in amount Of all the stoekloders obtained
any sha be dly sat6otEsd s7ty
the ey % Of New oreans witbn which time shai
have rhs privilege Of na akng @ anal shses % IN
expiration Of that time may b disposed Of blythe nrecora
ssus the benefit OF the Association" but not al '' than
All powers Of this Corporation be vesedn Boad
Directors consisting Of twelve persons, whom shal
hold in his right least hundredars of tn
capital stock of said Association.
- ARTICLE
1.-THE The o h aSk %a & E r John sa s"Eson so
., samuel Smith, Armand Heine James 9. Nixon, FoTsta
Ii Josiah Cole J. j. E. assot and Geo W. elp shall com
s La hss s a es1g gss @ Of hs nm s
10 who shall be elected provided in Article Elevent.
ks
On third Monday in December, eighteen hund
yG ssS 1
ia ration which election previous notice Of eas day
&c Orleans
nd plurality of votes Counting for sh of stoc
y upon shall be sufficient elect Directors shall
nsjo5 BPa upon an
III preside
shall for time being ezerciss The fpll
inspectors appointed Py lie board from among the Ehol
mot Directors) least week prior eecti
oh. ARTICLE XIII.
majority the Board Directors shall be et,ry
quorum and decision of such majority shall bel val
n Sng din new roads, for the purchase Of real a
which shall require of threseuhs of the whoe
3 ARTICLE XIV.
liar Any Director being himself periodY
n5se ss hDs IN h @ no nj a
hve share. Of the cap,l stock Of the Company and Pro
for the time being.
,
~ The Board of Directors shall appoint Secretary ard
ba tx ssss sa Of ali @ cer Of M the pooa a
of security that shall be required from said o
said may delegate such power the
It's body their officers a they may deem
en ana may m m 10 bem b IH m a nr5 % nd H
on shall have power make bylaws rules and regaons
alter the whenever the interest of the
require it. and ng n 5s aG poTsr os spP amy
on cIe d . on account Of II deatb on @ of e 1g
number shares insolvency absence without leave for
Tns ,19s ARTICLE XVI.
PnT for the registry and transfer of shares of the
@ bT e he Tg m as h s Of snre s n e ee
well books signed BY The shareholder attOey
od expediency may reenr but not for petod than
oa, transfer same previous full having been
sn he shall be permitted to do BY substitute Of the snbser
W9FS W ton is satisfactory to sha Board of Directors.
- ARTICLE XVII
failure from any cause to elect Directors on the day ma
rs then il office & hnl hold eyer m until na another eeet
Article L., and continued until an esctionis had.
scAs ARTICLE XVIII.
Each shareholder meetings Dire
other shall be entitled directly proxy
each share stock held by him. provided that
the holder shall his five hundred
provided also thai he shall have owned his
an months prior to the day of voting.
at of ARTICLE XIX.
0 in
M two nsruels whose subscription is In the of
c,,nerr 6ruRof which they MEMBERS shall he egit
Rt the same time Directors of this Association shall
Is of any City RaroBd his partner be Dir
ira of this Company.
lined
Minutes of nj! the proceedings of the Board of Directors
he kent y the Secretary verified by the President
and Secretary shall sign all notes drafts checks
stock contracts and AL sther evidences of
:, , this corporation.
Il be ARTICLE XXI.
The card Of Directors may accept Professionally any
ss o uriyIee conferred this Association by anendme
the Law under which the is formed by the ndopir
any ew act or of the Legislature City Gou
only bnt the na acceptance of such privilege
he determined of majority in amount OF the s.
york. holders.
rderh ARTICLE XXI
rateB
nv three commissioners appointed by the Stockholders
tn Meeting after sixty days
ice in two newspapers published in New Orleans Said
ANA dDos shall solvent residents OF this city
nbed 10 the Association; their of Office shall be
spty iii necessary power shall be conferred them The