New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-09-04
CHARrER.
CHARTER.
limited STATES OF A3IERICA
STATE OF LoUIsIANA-GITY OF NEW ORLEANS

tIpi ari
sin and Of the independence Of The United States the nney
drst ' - - S''''N' ''''N' ''' ''''''
for the city Of New orleans State Of Louisiana aforesaid
duly commissioned and qualified ard in presence Of the wit
nesses hereinafter named and undersigned,
Personally came and appeared the persons hereinafter
themselves Of the provisions Of the statutes OF tie tate d
louisiana relative the organization Of corporations in this
presents covenant and agree and bind themselves AID Gee
vixen 3 G ooe ssm and ndF he t SRd
ations and obligations following, to-wt:
~ ,r-,-,,,s,,
-, '%tt."" tlist.
the CRGsCE CITY RAiLRoAD G0MPAEYo KNOWN as
ARTICLE SECOND.
The PLACE mes and II G Ss dc corporation
ARTICLE THIRD.
The object This association is 10 construct and maintain
railroads suitable and branches the
pose of carrying passengers and generally to exercise @
incidental and privileges as are hereby here
railroads
The csntal stock ofs corporation ia hereby sxed nj SIX
HUNDRED THOUSAND DOLLARS Cs66oOG0 represented
LARS EACH Foy per cont Of each subscription shall be
payable At the signing of these a5etS and the balance shall
lie Board Of Directors may order provided that not more bsn
per 10 per cent? of said subscription shall be called
Should any subscriber refuse neglect pay punctuay
fall due interest thereon at the Of pr per annum
shall be add ed thereto from matu y till pay nent any
suoscTloer hegeets o. refuses 70 pay nus nsalment or
paVment The Board Of Directors reserve 10 t U
right causing any share upon which aay Install
after ten days previous notice to such delinquent sub
TIL. said cornoyaon hereby assume all ,f na
strong as Securities in aud to the contract Of purchase
right IF way the city aroads in tie city
before Andrew Hero notary dated September 10th Noyem
10Th December 9th December 18th 1866 and the con
j. Beck notary on the 18th day Of February 1855 and I
an sn within he @ 4S nd Tie to @
fsrrsd o and made part hereof ' e eFehoeioe re-
SIXTH.
,sqrporaioa shall go into operation from and after
V ARTICLE szRExTH
esIGbt9h sna nave ooFpGFe Ses the device of
name fthe corporation traced theOeon.
ARTICLES EIGHTH.
capital may he Increased to any sum not
eesG4g one o OF 1 @ IN ne 4nnsr Provided by law
era obained in general meeting c9nyeuer afer
nS Whenever any increase Of capital shall be pv
ygShRed IN The city Of New 0ripoSe i o
time stockholders shall have the privilege king additional
shares IN Pt9PofSn 10 .ne a9n 81 t4e stock ad any
directors for the benefit Of he association but At
iss' '''' i'' ''-N'' ARTICLE NINTH.
Al powers Of This Corporation shall be invested in Board
OF DteGorS cos5 FEW Y tGio e2cm o. whom shall
| lie capital stock Of said association N''"'S u
| ARTICLE TENTH
Inc following named st2cknNlaerS y2-David MeCoard,
|
DrecoFS VINO s ~ t99iF lIst meeting elect one Of their
number President ana so BOARD ha serve until SUPERSEDED
by their successors, VINO shall be elected as provided in article
eleventh. .r,cr,, -, ,-r,
| ..,..,,r ,!+'L - '
On the llrh honIN5 r. All eishteen hundred and sixty
seven ana annually t4efealtef an eeetion OF Five D
recors by the SuGkhul sal be held at the Office Of the
PoratMi OF when erection previous h1%t o. ny least ten
~ sAa De gwen IN TWO newspapers punished III the city
| OF New Orleans -..-..
| NfSlt'ht "f'i'f ~
plurality OF Votes counting one vote Tor each share Of
stock voted upon small pc ucient to elect dect0r whC
snail ~ LHeiE tS1 tnGens @ Aelf eiecton choose one
their number Tor treseut OF the Association who shall bt
elected BY majority OF the whole Board and whom al
citations and other lesEt processes shall be served
1t 65R be the duty Of the President to preside at all
ingS Of the Board aud in case OF hi absence inability
act the Board saRl eject Que her members President
tenn WHO shall Tor the time being exercise the ul powers
Al al ciiops shall he hv ballot ,r1er tho l
~ 80 ~ l,,o;y al ~ a. LSnapi M zen ueh
nTi6r TO aty election ~ 's' OHe "ee'
PiA"i !" aNJ eisSEtVH
ARTICLE THIRTEENTH.
majority Of the BOARD of Directors shall ba
form Quorum and decision of such majority sban bo
valid corporate act ~ ~
Ten RGaTd ~ Dirertprs shall have Fuu ,orrar .r5 =,
barabv authorized To Inv and Sell surb vol a 81 ~
may he re0ursd for the sa ~ tIs PiN
F'' - ' - y ' Sf"N''
ARTICLE FOURTEENTH.
ANY director being about to absent himself for period
II ninety DAYS OF less must nominate substitute IN stead
provided said substitute shall have in his own right not les
the Board of Directors for the time being. E4A
I'M, D, &c ,,;at, Ili = s.,
!