New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-07-23
CORPORATIONS.
QUARTER. ...''.....-. CHAhTI"'
CARONDELET STREET AND CARROLLTON Clf1
RAILROAD COMPANY.



CHARTER ...................CH ARTEK'
CARoNDELET STREET AND CARROLLTON CITY
RAILROAD COMPANY
STATE OF LOUISIANA,
Parish of Jefferson. }
Be it known, that on this eighteenth day OF july
in the year of our Lord one thousand eight hunaIc
and seventy and OF the independence OF tne ohteu
States of America the. ninety-hfth, before me
the parish OF Jefferson, State Of Louisiana, duly
commissioned and qualified and in the presence %
the witnesses hereinafter named ana hos
names are hereuntO subscribed who declared that,
avang themselves of the provisions OF the statutes
rtions i'll this State, they covenant agree and bind
themselves, and those whom they represent 70
for the objects and purposes and under the stipu-
tons following, tO-wit:
ARTICLE l.
The name and title of this corporation shall be
the ''CARONDELET STREET AND CARROLLTON
CRY RAITROAD COMPANY" The dOmicil of this
company shall be located in the city of New Or
leans. The association shall have the right TO
make contracts, to sue and be sued 10 own Pur-
chase, receive by donation or sell property, NOV
able or immovable, and to use seal containing
device.
The object of this corporation is the construction
equipment working, running and maintenance OF
city railroad, for the purpose of carrying passen-
gers and to exercise such powers and privileges as
them Tor such purposes.
ARTICLE III.
The capital stock of this corporation is hereby
+ xed at three hundred thousand dollars $500 OO0)
represented by three Thousand shares (O0O) OF one
hundred dollars each. Five per cent of each share
shall be payable on demand, and the balance shall
paid al such times and in such amounts or Install
ments as the Board Of Directors may order, pro-
vded that not more than ten per cent OF said SUB
scriptop shall be called for Oftener than once with
in thirty days. Should any subscriber refuse or ne
.yr,Gtn
mentS, within thirty days after the specified time
of payment the Board of Directors reserve to them
upon which any installmenf NAV be due to be sold
at public auction, otherwise disposed of, after
ten days previous notice to such delinquent stock
holder.
As soon as ten per of the stock is subscribed
meeting of the stockholders shall be held. aster
ten days notice published in at least two OF the
city newspapers for the purpose OF eectlnS sevea
directors, and such other 0hcers as may De deemed
affairs Of this corporation. The commissioners TO
conduct the first election shall be selected by ma
iority of the STOCKHOLDERS present al the meeting
All elections shall be by ballot, and shall be COIL
Quoted under the superintendent of three COM
mssioners, appointed by the Board OF Directors Tor
this purpose.
A majority of votes Counting one vote for each
share of stock voted upOn) shall be sufficient 10
eject Directors who shall at their first meeting after
their election choose one of their number for Pres
dent of the association, who shall be elected by
majority OF the whole Board. All citations and
other legal processes shall be served upon the Pres
dent of this association. 1t shall be the duty of the
President to preside at all meetings of the Board
and in case of his absence inability to act the
Board shall elect one of their number President pro
tenn, who shall for the time exercise the fu power
OF President.
All administrative powers of this corporation
shall be vested in Board of directors consisting
OF seven persons, each of whom shall own i'll his
OWL name and right at least twenty-five hundred
dollars OF the capital stock of said association who
shall at their first meeting. elect of their num-
Der as President and said board shall until
superseded by their successors who shall be elected
on the first Monday of January, 1871, and annually
thereafter The election for directors shall be held
az the OIfce OF the company, previous notice of
which election shall be given at least ten days in
two new papers published in the city OF New Or
leans.
ARTICLE VII.
4 majority of the Board of Directors shall be
necessary TO form a quorum, and any decision of
such majority shall be considered valid and bind
ing The Board OF Directors shall have full power
to buy and sell such real and personal property
may be deemed necessary and requisite for the
of the company. The Board of Directors shall APP
point secretary and as many clerks and agents as
the business OF the company may require and may
remove the SANE; and shall fix and define the
salaries of all officers and employees of the company
and also nix the amount OF security thar shall be
CURED from any OF said officers or employees.
ARTICLE VIII.
The Board of Directors shall have full power to
make bylaws rules and regulations, and 20 amend
OF the company may require or demand it, and
shall also have the power to supply any vacancies
that may occur il their board from any cause what
Soever.
ARTICLE TX
Books for the registry and transfer of shares
or the capital stock shall be opened and
kept subject TO the restrictions directed by the by
laws. All transfers of shares shall be made
said books and signed by the shareholder or his al
torney. The books of this corporation may be
closed al the option of the Board OF Directors. as
pe
but not tor longer period of time than ten days.
Should any stakeholder desire TO transfer the
previous 20 full payment having been made. he
shall be permitted to do provided the Board of
Directors are satisfied with the substitute offered
by iAe party wishing TO make the transfer.
ARTICLE X.
These articles of incorporation may be modified
or altered if required and the capital stock OF this
company may be increased to six hundred thou
sand dollars (k600.o90l. i'll the provided
by law, with the consent OF two-tlfrds of all the
stockholders i'll general meeting assembled after
thirty days notice to that effect; and whenever any
increase OF capital shall be duly authorized sixty
davs notice OF the same shall be given in two news
papers published in the city of New Orleans.
ARTICLE XII
Minutes OF all proceedings OF tie Board of D
rectofs shall be kept by the Secretary and approved
shall sign all notes. drafts checks certificates of
stock contracts and all other evidence OF indebted
ness OF this corporation.
ARTICLE XII
The company. whenever dissolved. either by
termination OF charter. from any other cause
whatever Shall he iqnidated by three commits
sloners TO be appointed by said Board of Directors
VINO shall remain i'll office until the final liquidation
OF the compauy's affairs.
Thus done and passed in my Office at the city of
Carrollton on the day. month and year first men
toned ~ the presence OF Louis C. Peret and Jacob
herner Jr., competent witnesses. who hereto Sub
scribe their names with the parties and me- the
said notary.
Original signed
LOU {. PERRhV +. NJ. BAKER
JACOB hEhNER, JR., +. FULTON.
s. H. AB1.
j. $. CLARK.
NJ A. BAKER
j. B. WELLER
n. COMMANDECR
WILLIAM II. PASCOE Notary Public
A true COPY OF the original July 49, 1870
- WILLIAM H. PASCOE Notary Public