New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-09-25

itself construct RAILROADS. aecOfdlne
Set forth said noaya which herenbefore
ferred to and made part hereof
ARTICLE SIXTH.
This corporation shall go into operation from and after the
| N"s' : ARTICLE SEVENTH.
This shall have eO[p9Ea as eH the device of
name OF the corporation traced theoeon.t
ARTICLE
These articles of association may be modified altered
cesdng one million Of dollars in the manner PROVIDED BY law
with the consent of wohds in amount of all the stockhod
notice.
sixty a days notice d he same ha bs given in o
papers published in the city of New Orleans within which
shares proportion 70 the amount Of their stock and any
o the directors for the benefit Of The association but not at
| ARTICLE NINTH.
All powers of lis Corporation shall be invested in Board
of Directors consisting Of five persons each of whom shall
Tie capital ca Stock 81 said assccsticn3 '''
III ARTICLE TENTH.
The following named Stockholders, yiz;David Mccoard
shall compose and hereby constituted the First Board Of
number President and said Board shall serve until superseded
their who shall be elected provided article
ARTICLE ELEVENTH
On the third Monday in April eighteen hundred sixty
rectos y the stok9oders shall be held the oes Of The
Corporation of which election previous notice Of at least
shall be given in two newspapers published in the city
plurality of Counting vote for each share
stock upon shall be ucient to elect directors Who
tasr number FOR PRESIDENT Of lie Who shall be
elected By msoTty o hs wh0s BosE4 and agon whom all
shall be ths duty IF the President to preside At al meet
the Board shat eeos one q thar enbsTs President pro
tenn who shall for the time being the full powers
elections shall be by ballot under the superintendent
INSPECTORS appointed By the Beard at least week
ARTICLE TH1REEESrn:
Amaiory Of the Board Of Directors shall be necessary
form Quorqn and decision OF such majority shall be
The Bond Of Directors shall have full power and are
hereby authorized buy and sell such personal pro
pety may be required for the use Of the Company
Ii ARTICLE FOURTEENTH.
ANY Director being himself for period of
ninety days Or less must nominate substitute N stead
provided said substitute sss haze n his on right not less
pany and provided also shat said substitute be elected by
The Board of Directors for the time being.
ARTICLE FIFTEENTH.
The Board of Directors shall appoint Secretary and ali
and Agent and nay he same At and
amount security that shall be required from Of said
Said Board may also delegate such power in the transaction
Of the ordinary business Of the Company to committees
expeden may appoint agents within and without The
hS sfn @aRs f s
and Or ssg the d The inter
70 supply any 9at may occur II their board such
requisite shares Insolvency. or absence
without leave for three successive months.
ARTICLE SIXTEENTH.
Books for the registry and transfer of shares of the capital
stock shall be opened ana kept subject to the restrictions
AItransers Of shares shall be made said books and
signed by the stakeholder his aorn " and which said
dency require but notor longer period than ten days
Should any subscriber the desire to transfer the
same previous full payment having been made he shall
party sing PROVIDED that the substitute SUBSCRIPTION
Satisfactory to the Board OF Directors.
ARTICLE SEVENTEENTH.
Ataure from any cause to elect Directors the day
Bsa @ shall o oTer
election Is held q which notice shall forthwith be given
Be had = = ''S's "i sO'' NV VI ''sS'VD
Each Shareholder az III mssBE F E. election o
GE Or other shall be entitled directly or BY
Stakeholder shall Yoe his own name over i've bundled
and also that he shall have owned Bis stock
ARTICLE NIEErEESrH.
No two partners whose subscription in the IF The
at the same time as Directors OF this Association.
ARTICLE TWENTIETH.
shall kept by Secretary and verified BY the President
and the President and Secretary shall sign notes drafts
checks certificates contracts and all other evidences
of debt of this Corporation.
ARTICLE TRENTY.rrBsr.
or privilege conferred on bis BY amen9ms9
any ordinance Of the Legislature or City Gonn
eli but the final acceptance Of such privilege
stockholders fts 81
The liquidation of the affairs Of the Association shall
made by three commissioners appointed by the stockholders
@saS 9 eas fE .w z
said shall be solvent residents Of this
shall be assigned and all necessary conferred upon
The period of liquidation shall be fixed well their
in such manner as the stockholders may, by
resolutions in general meeting convened, determine.
ARTICLE rwESTY-THIRp.
s and of the parties this
David &icCoard W. VI sa4i iss1