New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-09-05
CHARTER.
limited STATES OF AMERICA
STATE OF 1ou1sIANA-c1rY OF NEW ORLEANS

~
STATE OF 1ou1sIANA-C1rY OF NEW ORLEANS
BE 1T KNOWN that on this ihrteth day of August in
tn Of Lord Thousand eight hundred and sixty
Before me. WILLIAM SHANNON, notary PUBLIC in and
duly and qualified AID in presence of the wit
nesses hereinafter named and Undersigned, w.. .,.
Personally and appeared the persons hereinafter
named and undersigned who seyeraly declared that ayang
fs e E his
presents covenant and agree and bind themselves and those
whom they represent TO form themselves into and constitute
iations and obligations following, to-wit;
ARTICLE FIRST.
The corporation name this association shall be known as
the CRESCENT CITY RAILROAD COMPANY,
The place os9nsness and Legal d0me of this corporation
Il ..F.- ARTICLE THIRD z54ys7
The object ofths association maintain
city railroads with suitable and branches the pu
incidental powers privileges hereby may
after be conferred upon them TOR building and working city
ARTICLE FOURTH
h sgs @ ss eIEfSR s5SS S
by SIX THOUSAND SHARES eff ONE HUNpRED DOL
Pae signing ss Sisa
tie Board Of Directors may order provided that not more than
per 40 per ofeat subscription shall be called
Should any subscriber Fese or Neglect to pay puOtaly
bis nstament or nsamepts as the same may mature and
shall be thereto from maturity till payment and ii any
] dsy 10 Ry h s pee @
payment the Board Of Directors reserve to themselves the
right of causing share shares which
may due be sold public auction otherwise
after ten days previous notice to such delinquent sab
ARTICLE FIFTH
The said corporation hereby obligations of Da
vd AcCoarG principal, and Patrick Irwin John Arm
strong securities in and to the contract of purchase
Of New Orleans and JEFFERSON City as per four acts
Ss h 9TH and becsm6e h y ana ne sG
ras With the City g @ By sct before Thomas
gates itself to construct said city railroads according to the
e Sh IN sed Which, ae e @3 r
ferred to and made part hereof
ARTICLE
This corporation shall go operation from and after the
ARTICLE SEVENTH.
Thsassnciaton shall have corporate seal the dayce NJ
which shall be within circle with stars and the
of the corporation traced thsoeon.
EIGHTH.
These articles Of association may be modified or altered
and the capital stock may be increased to any not ex
with the consent Of wothrds in amount Of al the stocbel
ers obtained in general meeting convened after thirty days
Whenever any capital shall be duly authorised
papers pqblis he'd in the city Of New Orleans within which
s DC shs a. ns pfgs
shares nor taken at Of that time be disposed
4RT1cLE NINTH.
ALI powers of tn Corporation shall invested in Board
Directors consisting Of Eve persons each Of whom shall
own in his right at least twenty five hundred dollars
the capitastoek of said association. = % n -
ARTICLR TENTH
The following named Stockholders, yiz;David McCoard
and are hereby Constituted the Frst Roar5
Directors who shall at their FIRST meeting elect Of their
their successors who shall be elected provided article
ARTICLE ELEVENTH ,asl.-z
On the third Monday April eighteen hundred sixty
he eR led Ss 1t Eve R
Corporation of which election preveusnotc at least ten
ARTICLE twelfth 4 -s IA .,-.-.
TO SF SnR hars
shall at heiE first meeting atsr their election choose
elected By majority Of the whole Board and upon ali
1t sGa be the Of the President preside at all meet
ings ef the Board andin case Of hi absence inability to
the Board shall elect their members President
tenn who shall for the time being the full powers Of
All elections shall be ballet the superineadence
Of two Inspectors appointed BY the Board one week
ARTICLE THIRTEENTH.
majority of the Board of Directors shall be necessary to
form quorum, ana decision eft such majority shall be
ire Board Of Directors shall have full power and are
peEty as may be required for the Of the Company
t ARTICLE FoURTRRETH. .
Any Director being about 70 absent himself for period of
provided said substitute shall his own tight not Ies
pany provided also that substitute be elected by
the Board Of Directors for the time being.
ARTICLE FIFTEENTH.
The Board of Directors shall appoint Secretary and all
IA Sa snd ay The same at pleasure and
amount .! security that shall be required any Of said
Said may delegate such power in the
inc ordinary business 3f she Company tocommittees of
expedeD andmay appoint agents within and itont the
State under such conditions stothep shall proper
And they shall have make bylaws rules mad
lations and to amend alter the same whenever lie inter
est u the corporation require IT, shall the power
supply vacancies That
vacancies maybe declared of DEATH resignation
without leave for three successive months "a
ARTICLE SIXTEENTH. s--=
Books for the registry and transfer shares of the
stock shall be and kept subject to the rescties
a'E Eli .rab oy the p 6yS SSrss so,, Ne
by the shareholder o. hs and which
may require but noorA longer period than days
Should subscriber to the stock desire to transfer the
PgSyi0Hs n having been made he
5sT S9pcb sing prSvie tst fe % Ses The
satisfactory to the Board of Directors. |
ARTICLE SEVENTEENTH ~
failure from cause to elect Directors the day
lamed for that purpose shall not ssoTe this Association
~ IN @ heR a she NOD oyer until another
in Article Twelve and continued until election
ARTICLE EIGHTEENrH
Each Sharehoder at a. meetings fo the election Of Direct
one yote on each share stock held by him provided that
10 Stoekhoe shall vote in his name FIVE hundred
It least three months prior t. he day ofvong 9
s='55 a.ti ARTICLE MEerEESrH. Fu14a6 I
No two partners whose subscription in the name of the
1t the same time Directors of this Association
ARTICLE TWENTIETH,
Minutes of all the proceedings the Board of Directors
ha be kept by the Secretary and verified by the President
md the President and Secretary shall sign notes drafts
hecks certhcates Of stock contracts evidences
If debt Of this Corporation. |
:. 80 100 ARTICLE TBEETY7FTBsT. 5z u srs Il
The Board of Drecoe may accept professionally any power
privilege conferred this Association by any aendent
i the ag under which the sae Formed BY the adoption
any new act ordinance of the Legislature Civ Conn
but the final acceptance Of such power or privilege
nah Pc determined by vote of majority in AMOUNT of he
AREIdLE EwEETY-sEGOND.
The liquidation of the affairs of the Association shall a