New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-02-06
N. o. CITY RAILROAD co.
CHARTER OF THE NEW ORLEANS CITY
" RAILROAD COMPANY.
UNITED ST ATES OF AMERICA, STATE OF LOUISIANA
CITY OF NEW ORLEANS:

PehGsnee o. Ts9 RTfn 1se: Q. AGereH We
the City and Parish of New Orleans, State Of Louisiana
poared h persons hoiener dd a 1 undS'sned who
seyeTay declared ha awaiting themselves Of the provisions OF
ton Of Corporations in this State they have
agreed and do these presents covenant agree them
and constitute Corporation for the objects and under the Stpu
ations, regulations and Obligations following, towiJ
ARTICLE I.
TR9 Gor2o% 4pT f , Assqs2n 3G be the "NE"
ARTICLE
The place of business legal omci of this Corporation
shall be located in the City Of New Orleans.
ARTICLE
The object Of this Association construct and nentl
City Railroads. with suitable urnouis and branches for th
purpose Of carrying pasengers and generally to exercise snrh
be conferred them for building and working City Railroads
ARTICLE
The Capital Stock Of this Corporation is hereby fixed at
million Of dollars represented by ten thousand shares of
dG I ye per Gs Of feG S M shall be
shall be pd the time and in the directed by tho Board
subscription shall be called ANY time, not osncr
Should any subscriber refuse or to pay puctay his
nstamen or lnsalments AZ the same mature and fall due
added thereto maturity Till payment and any subscriber
neglec refuses pay Ills nament nstalents within
Directors kenSelves The fight Of causing any
share shaeS which any insallment be due be
sold At public auction otherwise after days
tice thereof by advertisement,
ARTICLE
The said Corporation hereby all the obligations of John
slawson as principal and Henry Hart Frederick "inz and
right Of way the Of city Railroads city
New Orleans pissed before Charles f. Forter City
sS s fig
p sd ea Whit here s 4ed o
and rAad part hereof and also hereby expressly agrees to
dollars, therein paid and agreed to be paid by the ad
ch "a; II the following MANNER to,wit:
BY The snd shall be applied to the payment of the
B. slawson Henry Hart Frederick Whit and Patrick Irwin
in the proportion Of their the said payment
fbp pF
their said nsalments they become due, or the balance
dollars which he aforesaid purchaser has furnished his four
several prosoty notes for the of twentysx thousand
5edck % s .Ds i'f by Them
payable the Louisiana State Bank this city, at one
three and four from date with six per cent interest
bs sI BY So den sa H With
d eI ana which os are m rssuaea By this Cor
maturity, according to their tenor and effect.
ARTICLE
This Association shall go into operation from the
ARTICLE VII.
This Association shall have Corporate Seal the
which shall be Crescent, within Circle two horses and
a Car and the name ofthc Corporation traced thereon.
ARTICLE VIII.
These Articles of Association may modified or altered
the capital stock be Increased any exceeding
two millions Of dollars in the provided BY law with
in general meeting G'sr thirty days notic Wien
notice Shall given newspapers published IN
city of New Orleans within which time STOCKHOLDERS shall
on to the AMOUNT their soc and any s sh&es not fs
the expiration Of that time disposed by the Directors
value o. O0'0'-' ''' pa
ARTroLE1x.
All powers this Corporation shall be vested in Boad Of
dd m e. SSRE Of wsys q %hOm b
capital stock of said Association.
ARTICLES z.
The following named Stockholders viz: John B. slawson
samuelSmith Armand Heine james 0. Nixon, L. E. Forsa
Josiah Gos IL Ma$ssot A, md Geo W Helms shall com
shall At Their rs meeting elect one Of Their number President
who shall be elected provided in Article Eleventh.
ARTICLE XII.
On tho ,h Monday in December eighteen hundred and Six
or by the sacshoders shall be held at The ocs Of be
ration of which election previous notice of at least ton v
shall be given in two newspapers published in the city of New
Orleans.
plurality of votes Counting one vote for each share of stock
voted shall be sufficient to elect Dreotos shall
their hst meeting sisr their election choose of their
majority Of the Whole E9ad md upon whom all citations and
II shall he the duty of the President preside all eangt
Ct the 50TH ana cSe b 0is Or oy to net the
shall for the time being exercise the full powers Of President
Spponed By tie Bo% from the
Directory at least week prior my election
ARTICLE XIII.
majority of the Board Of Directors shall be
form quorum, and decision of such majority sL. be valid
corporate for the purchase of right of way for
which shall require of three9urhs of the whole Board
ARTICLE XIV.
ANY Director being himself for perod Of
months or less substitute in his sfend
nfd substitute shall have own right not less than
five shares the capital stock of Company and noydcd
also that said substitute be elected by the Board Director
| for the time being.
ARTICLE XIV.
The Roord of Directors shall annoin Seara+a-r- ,5 ~
cers md agents and NAV rrnoyn thn SANE at @ III
shall uX the Salaries If ali officers of the co. AMI h
of security that shall be required any said cer
the ordinary business OF the COMPANY 10 Commf"" n
nwu hody or their officers or agents AZ tEev na d.
a,, agents
under such conditions rs 10 them shall seem nrnnAr md 10
shall have rules
amend or alter the same whenever the interest," Of tba
tis ~ ,, j.; ,bir Rn .oo' " SUPPLY any vacan.
osroi on "tconnI IF den raS;,.,;o, tit9 ne ae
We VI T"nbs Vi t0'"eo Without leave ior three
H' - ,prrcrr~~,
Books for the registry and transfer of shares of the ceDa
shall
6on and Stoned nv lhA shareholder nr biv iu VA w
| as nftan
eynedencv NAV require but not for Innar nen ,b VI
dars M tina Sh1uld any Subscriber to Tho $50 49, 'eL
transfer The same previous 10 full pnymen hnyi, % w u
nf he marty nurch,sp nroyidad fat Tho
on is satisfactory 10 he Board of Directors h"oSefp
|
| ARTICLE XVII.
failure me- evn
Tor thAt purpose sn MOI GsVe TINS ASsociation but the Di
ieGof9 Eu N oco st mpu over uhtl another election
haa OF %thS9 NOTICE t ip'WlIn oe gwen as provided il