New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-01-24
N. @. CITY RAILROAD co,
CHARTER or THE NEW ORLEANS CITY
" RAILROAD COMPANY. ao


the City and Parish of New Orleans State Of Louisiana afoe
said, duly commissioned and personally and
the h PANIED and I
the Statutes the State Of Louisiana relative to The organize
ton Of Corporations in this State they have eoyentsd and
selves those whom they represent themselves Into
lAtions, regulations and obligations following to-wit:
ARTICLE
The Corporate this Association shall NEW
ORLEANS CITY RAILROAD COMPANY"
ARTICLE
The pacs Of b1,negs and legal a9isi of this Corporation
ARTICLE
The object of this Association is construct and maintain
oy Of T1 suitable and for 6
powers and privileges as are hereby nay hereafter
ARTICLE ~.
The Capital Stock of this Corporation Is hereby fixed at
bundled e Ry @ p " of Se ac "a PIE he
payable The time Of signing these articles remainder
Of Directors provided ,igt not than cent Of said
Shqnd subscriber refuse neglect pay puacnay his
interest sght PER cent per annum sa BE-
aesc rssnses p"y or S
hy days after the specified time of payment the Board Of
shaFe shares which insaen be due to be
tice thereof by advertisement,
ARTICLE
The said hereby all the obligations Joh1
Patrick Irwin security in and 10 the contract Of purchase Of
Orleans as per act passed befoIe Charles Forter city
Notary on the seventh day oFebruay eighteen hundred and
R R to s e9 spd S ea ] the s1s sad
and ;he bonus bundled and tfS thousand
chascrs, in the following nanner, towt: pau W
by purchases shall Be applied to the payment Of the
i1sslmentS the stock respfcvy subscribed BY the said
in proportion Of heir Interests in The said cash payment re-
their said as they become de and for he balance
G 81 e a r Pgnsf pse VII One and four
several pronssory notes, for the twentyx thousand
rseE Whit and ack IiWD and by them enSorsed
dated the Seyenb day Of February eighteen hundred and sixty
two three and four from date with six cent interest
hed BY o ass Noa P en s Ssn qs T he
sd Act and which said hereby by this
maturity according their Tenor and eec '' company d"
ARTICLE
TINS Association shall into operation from and after tie
ARTICLE VII.
This Association shall have Corporate Seal the device
which shGl be Crescent within Circle with horses and
Car and the name Of the Corporation traced thereon
ARTICLE WIZ.
These Articles of Association may modified or altered
the capital stock may be increased any exceeding
two MILLIONS Of d2ar in the PROVIDED BY law with th9
IN general meeting After thirty days notice When,
notice Of the shall given newspapers published in
the city of SeT Orleans within whe Zine Stockholders shall
ton to the amount Of their stock and any shares
the expiration Of that time bs disposed Of the Directors
fer the benefit of the Association at than par
value.
ARTIcLEI1
All of this Corporation shall vested in Boad Of
sg,95 sosistihg Of twelve perso each Of ghom shall
capital stock Of said Association.
ARTICLE Z.
B TnS as %b y John saSss
Samuel Smith Armand lcine James O. Nixon, L. E. Forsa
e Ind s Ell Bos H If h
shall their first meeting elect their number President
who shall be elected provided in Article Eleventh.
ARTICLE XII.
On the third Monday in December eighteen hundred and SIX
ty-one and annually thereafter ecion
by the Seck holders shall be held the office Corpo
ration OF which election previous notice of at least days
snail be given Ill two newspapers published in the city
ARTICLE XII.
plurality Of Counting share of
EoiSd npon ha be sufficient 10 elect Directors whe shall
Der for President Of the Association who shall be elected by
Legal ssr9cd upon whom a" citations and
II shall be the duty of the President preside all meetings
Board shall elect Of their President pro tenn who
An ee:tions shall % y ballot superntendence OF
inspector apponed hy the Board from among the sockhold
ARTICLE XIII.
majority of the Board of Directors shall necessary to
form anorTn and DECISION of such majority shall he valid
which shall require vote Of tbreeeurhs Of the whole Board
| OF Directors.
ARTICLE XIV.
Any Director being about for period of six
said substitute shall have IN bis own not less sse a
five shares Of the capital stock Of the Company provided
| for the time being
ART1oLEx XIV.
The Board of Directors shall appoint Secretary ard all
shall x the salaries Of all officers co poraon aud The
Of security that shall be required from any
board may also delegate power the transaction of
body or their officers agents rs they may deem expedi
emit and also appoint within and without State
shah have power to make yaws rules and regulations to
amend alter tile the interest OF tile corporation
require it, and shall also have power supply any vcan.
cared DEATH resignation want Of the feHTisie
number sc insolvency. or absence without leave
ARTICLE XVI.
B9o for the registry end transfer of shares Of the capital
ed BY he bvGw Xii aS of Sares ' L6 ff h @eG
books aud signed by The shareholder his attorney and wRicb
GSPsenGy may Sn GT mot for qgsE ps.od than
transfer the same previous full payment having been made
he ha he permitted 10 do SO by substitute of the Subscription
ton satisfactory the Board Of Directors
ARTICLE XVII.
failure from any cause to elect Directors the day
be Of Witch noe sba oh GSg h y nho oil eecGn
Article l., and continued until an election is had.
ARTICLE XVIII
Each Shareholder at all meetings the election of Directors
other shall be entitled directly by proxy to one
holder Vote own ys h%nd le roe nnd
months prior to the day of voting.
ARTICLE XIX.
No two partners whose subscription in the name of the
time Directors Of this ASSOCIATION shall Di
any other City Railroad his partner be Director
of this Company
Minutes Of all the proceedings of of Directors shall
President and Secretary sign all notes drafts checks
of stock contracts and all ether evidences of debt