New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-01-22
N. o. CITY RAILROAD co.
CHARTER OFTHE NEW ORLEANS CITY
" RAILROAD COMPANY, @t&E7
UNITED STATES OF AMERICA, STATE OF LOUISIANA
CITY OF NEW ORLEANS:

Belt known that this fifteenth day Of June Of on
@S y"
5 s nd sSg
syeay declared that aysng themselves Of the provisions
ton of Corporations in this State they have covenaed and
agreed and do by these and bind
and constitute Corporation for the objects and the spu
ARTICLE
The Corporate of this Association shall be the NEW
ORLEANS CITY RAILROAD COMPANY"
ARTICLE H.
The place legal domci OF this Corporation
shall be located in the City Of New Orleans.
The object OF this Association is construct maintain
City Railroads. with suitable tunouts and branches for h
Of carrying and to sGeh
be conferred them for building and working City Railroads
ARTICLE ".
million Of dollars represented BY ten thousand es Of one
payable At the time ssnnF these articles and
% be pad at the ae and the BY the sos ad
subscription shall be called for at any one time and not oene1
Should any subscriber neglect to pu1cuay his
Or N m @ s The ssn s su pnd f a H.
sssa ,s to sV or %pa nn ]
y dsys after the time e., Of P 5 Bafa an OF
sold at public auction otherwise after ten days previous no.
v.
The said hereby all the Of Jobs
pnp and ne s Hn s OF n %e
right of for the construction of City Railroads in the City 81
Ny S 81 sis
R R PsP Te ssd
hssfs sss
eHsa lie oR ss paid by
aWsa eas s FgSssf VIM ans @ @
OF their
spee!s far the SAID Yin apply i The Of
hundred thSase End
aoiss saeh drawn h%seif The grdsl 4 Henry HsT
dated the day Of hundred S md zy
and four s er cent
v s ord 9 San e 5 he
Act which sad notes hereby assumed by this Cor
| maturity, according 10 their tenor and effect,
| ARTICLE
This Association Dha into operation from and after the
This ASSOCIATION shall have Corporate Seal the device
Car, and the 9th Corporation traced thereon.
| ART1cLEvI11.
These articles Of Association be modified or altered
two millions Of dollars Il the manner proTidea Is
wohds in Of all The Stockholders obtanet
sss s &c % Sa
shall ed
have The privilege Of taking additional proper
on to s o their sof BAR n esor
fer the benefit of the Association but not at less than pa
All powers of this Corporation shall be vested in Boad
m r. ] a. ensh d e
capital stock Of said Association.
following named Stockholders, viz John B. Slawsor
Henry Hart Frederick Wntz, Patrick Irwin Alfred Penn
Josiah 3D.. MaSsicOt,
and hereby constituted the first Board of Directors t
who shall be elected provided in Article Eleventh.
ARTICLE
On the third Monday December eighteen hundred and h
and annually an eeti9n for twelve Pree
ration of which election previous notice Of at Least ten d.!
Orleans.
plurality Counting vote for each share Of
meeting after their election choose Of their
majority the whole Board and upon whom all citations
other legal processes shall be served
Of the Board and in case q absence inability to act I
shall for the tine being exercise powers
shall be Pslo under s,d the h
mot Drectors) at least week prior election
ARTICLE XIII.
majority of the Board of Directors shall be necessary
quorum, and Adhesion Of such majority shall be
except for the purchase of the right of
which shall require theefeufths of the whole Boa
, ARTICLE XIV.
Any Director being himself for period of
months less nominate substitute in his stead proyd
said shall have i'll his right less than
also said substitute be elected by the Board of Direc
for the time being.
ARTICLE XIV.
The Board of Directors shall appoint Secretary,
clerks and agents. and may Fstnove the same at pleasure
security that shall be required from said oc
Said Board may delegate such power transaction
the ordinary business of the Company Committees of I'll
ent and may also appoint agents within and without this Sta
gndST such conditions as 70 shall s seem sn And II
amend the whenever the interest the corpora
sH :3 sG'
cared account Of death, resignation, Of The requs
number of shares insolvency. absence without leave for til
ARTICLE xvi
Books for the registry transfer of of the cap
os shall be opened md ReEt s49sst The h dire
~ books signed by the shareholder his attorney; and VIII
said books the Directors may often
ss at iime Should any Subscriber to the stock desire
he 16"I permitted snserpt
the party purchasing provided that the substituted subsc
aid ton is satisfactory to the Board of Directors.
ARTICLE XVII.
that purpose shall not dissolve this ASSOCIATION but the
ne noifs sG tGShy!h Be provided
: ARTICLE XVIII
PURPOSES shall be entitled directly proxy
of stock held by him. provided that
shall in his five hundred votes
also, thar he shall have owned his least il
- months prior to the duy Of voting.
ARTICLE
Sotwo partners, whose subscription is in the of
commercial firm which they members, shall be elgib
on same time as Directors of this Association shall
rector Of any City Railroad his partner, be Dire
is of this Company.
Minutes of all the proceedings of the Board of Directors
n President and SECRETARY shall sign all notes. drafts Checks
fcaes stock contracts and all -ter evidences OF det
this rporatioh
A The Board of may accept Professionally
or privilege this Association by arnende
which the is formed or by the adopIo
any new act or ordinance of the Legislature City Con-
90 be determined by of majority in amount of the st
IS holders.
The liuudaon tho affairs OF this Association shall be
nv three commissioners, appointed by the Stockholders
for that purpose after sixty days
dntos shall sol vent residents of this city
abed alton; their term OF office shall be
ali NECESSARY power shall be conferred them. The
nnidation shall be fixed well their compensate
such Stockholders by resolutions in
- meeting convened, determine
no ARTICLE XIII.
The names and respective interests of the parties to th
2 IS are declared to be follows, to wit:
- M Ssn1es No. qf Shares. AM
70 40 T r Slawson ................. -. 1000 $40
. Frederick Winz. ............'..'.. Ivy ~