New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-09-06
CHARTER.

SK1h AS Il EJhs
TINTED STATES OF AMERICA.
STATE OF LouIsIANA-0ITY OF NEW ORLEANS.
year OF thousand eight hundred and sixty
of the Independence of the United States lie ninety
Before me- WILLIAM SHANNON, a notary n,be in and
duly commissioned and qualified AID in presence the wit
nesses hereinafter named and undersigned
named and 3ndened wa ysy declared h san
louisiana e 20 be % Hs Sn'f bs
State they have eovepaed and agreeS and do by these
whom they represent form themselves into constitute
atiohs and obligations following, to.wit:
ba CIV e III SGS% 06nf a be known
ARTICLE SECOND
The place feasness and legal aomc this corporation
shell be located in the city OF New Orleans,
ARTICLEhHIRp
The object ofths association is to construct and maintain
city railroads with suitable branches for the pr
pose of carrying passengers and generally exercise such
sitter be conferred upon then building and working city
ARTrcGa FOURTH
he SapSl stock corporation hereby fixed at SIX
hy SIX TiousAND SHARES ef ONE HUNDRE3D noL.
baae b s 81 s s a h be
be paid nch times and in such nstaments
per cent do per cent? Subscription shall be sa a
for oftener than once within any thirty dag 8.
Should subscriber refuse neglect pay puuctay
his intallment n5taments the may mature and
shall added thereto from maturity t payment and if any
] GF refuses sys to pay his
payment the Board Of Directors themselves the
may sold at public auction or otheFws
after ten days previous notice such Delinquent sub
scriber.
The said corporation hereby sill obligations of Da-
strong securities in and the contract purchase Of
d New and @ psf Saq acts IT the city
before Andrew Hero notary dated Senteber 10th Nove-
as yin the city n e 3 n BY Fst
gates Itself city railroads aScSrdnr ia the
plans and and within the time and in tie
terred to and made part hereof
ARTICLE SIXTH.
This corporation shall into operation from and after the
ARTICLE SEVENTH
This association shall have corporate seal the doi
name of the corporation traced theoeon. 'S N'e 'He
ARTIouE EIGHTH.
These articles Of association may be modified nr altara
and the capital stock may be to not
with consent amount Of ali the
er obtained in general nesting convened after Thirty days
Whenever increase Of capital shall be duly authorised
y dGsss q n sPa New e in
time stockholders shall have the privilege additional
Of that TIME m BleSf b and
by the directors for the benefit OF the association but not
ARrtcnE sIE7a
All powers of this Corporation shall invested in Board
own in his own right at least twenty-five hundred dollars Of
ARTICLE TENTH,
The following named Stockholders vfs:-David McCoard
Patrick Irwin John Armstrong, August Bohne r Maspera9
Directors who shall their first meeting elect one heir
number President aud said Board shall until seredpd
eleventh. - ''''A0
On the third Monday in April eighteen hundred and sixty
seven and annually thereafter election of Five Di-
Corporation of which election previous Mt eaten
dsy5 shall be given in two newspapers published the city
ARTICLE TWELFTH
Eg ns Of yot tai oS S 2s vote for each
shall at their FIRST meeting after their election choose Of
citations and other legal processes sh III be served
n ing t Re b9a5d ana IN case Of his absence inability
tenn whe sha Tor the time being exercise the full powers
All cons shall be by ballot under the superintendent
TWO Inspectors appointed by the Board one week
ARTICLE TH1RrEEy7H
majority of the Board of Directors shall be necessarv
form quorum and decision of such majority shall Be
TIE Board Of Directors shall have full power and are
hereby authorized to buy and sell such pro
perry as may be required for the Of the Company
ARTICLE FOURTEENTH
Any Director being absent himself for perod f
ovied said substitute have in bis own right not @
han twenty-five shares of the Capital Stock Of the Com
he Board of Directors for the time being ~
ARTICLE FIFTEENTH
Ihe Board Of Directors shall appoint Secretary and all
Jerks and Agents. and the at pleasure and
hall fix the salaries of all officers the TorporatiSn and t
and ID that shall be required from any of
Said Board may also delegate power in the transaction
TIE ordinary business of the Company to committees Of
hef own body or their officers agents they NAV deem
tate der such t6e shall SEEM prope% 'he
aud they shall have power to make bylaws regu
atoms, and to amend alter the same whenever e
SITS the corporation require shall nave the
supply any vacancies that may their board such
aTaSes may ne declared on account of DEATH resignation
Of fae requisite number Of shares insolvency. absence
ARTICLE SIXTEENTH
d BGos m tn the esry and transfer Of shares of tire capital
All transfers Of shares shall made on said books and
ooks the directors may often as c6nyenence or sa
y require Ppt not for longer period than days
Should any subscriber the stock desire to transfer ts
erted BY substitute i tie s"bse g G "a t be
satisfactory to the Board of Directors 's p'''' 10
ARTICLE SEVENTEENTH.
failure from any elect Directors on tile lav
Mt the Directors then office shah hold over until another
lection Is held Of which notice shall forthwith be given as
rqyided in Article Twelve and continued until election
ARTICLE ETdHTEEsrH,
Each Shareholder all meetings for the election Of ir
rs or other PURPOSES shall be entitled directly or by proxy
e Ete On eae snare OF STOCK held by him, ded
StockIoder shall wore in his own five hundred
1te and provided also that he shall have owned bis stock
least three months prior to the day Of voting.
ARTICLE NINETEENTH.
No two partners whose subscription the name of the
numerical rm Of which they MEMBERS shall be eligible
the same time as Directors Of this Association e
ARTICLE TWENTIETH
Minutes of al the proceednss of the Board of Directors
a pc Kept BY the Secretary aud verified by the President
I'd the President and Secretary shall sign notes drafts
ees certificates of stock, contracts and all other evidences
debt of this Corporation.
~, ARTICLE TWFNTY-FIBST.
me Board OF rectore accept professionally any power
PRIV conferred this Association by any amendment
the Ia under which the same is formed adoption
any new ae or ordinance OF the Legislature City G0un.
but the ua acceptance IF such power or privilege
Ockhoders - ~ " 'He
ARTICLE TwESrY-sECoND.
The liquidation of the affairs Association shall he