New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-07-22
CORPORATIONS.
CHARTER. ACKNOWLEDGEMENT AHTEh'
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 Lord, thousand eight hundred
States Of America the ninety fifth before me
William Henry PascOe, notary public IN and f0i
the parish OF Jefferson, State OF LOUISIANA, auis
commissioned and qualified, and in the presence @
the witnesses hereinafter named and undersigned
personally came and appeared the parties whose
names are hereuntO subscribed, who declared that
avaling themselves Of the provisions of the statutes
of Louisiana relative to the organization OF corpO
rations in this State they covenant, agree ana pio
themselves and those whom they represent, tC
form themselves into and constitute corporation
for the objects and purposes and under the stlpua
tons following tO-wit:
| The name and title of this corporation shall be
the .CARONDELET STREET AND CARROLLTON
| CITY RAILROAD COMPANY" The domici of this
company shall be located in the city of New Or
| leans. The association shall have the right to
| make contracts to and be sued, to own, pur-
chase, receive by donation or sell property, NOV
| able immovable, and to use seal containing
! device.
The object of this corporation is the construction,
| equipment, working, running and maintenance OF "a
city railroad, for the purpose OF carrying passel-
gers and to exercise such powers and privileges as
are hereby, may hereafter be- conferred upon
| them for such purposes.
ARTICLE ILL.,
The capital stock of this corporation is hereby
/
represented by three thousand shares 3OOO) OF one
hundred dollars each. Five per cent Of each share
| shall be payable OH demand, and the balance snail
| paid at such times and in such amounts install
| ments the Board Of Directors may order. pro-
vided that not more than ten per cent OF said sub
scrptiOn shall be called for 0ftener than once with
in thirty days Should any subscriber refuse OF ne
slect to pay punctually his instalment, or Install
ments, within thirty days after the specified time
OF payment the Board of Directors reserve to them
selves the right OF causing any share, or shares
| upon which any nstallment may be due, to be sold
a ut ner
ten days previous notice to such delinquent stock
| holder.
ARTICLE w.
As ten per cent of the stock is subscribed
meeting OF the stockholders shall be held, after
ten days notice published in at least two OF the
city newspapers for the purpose of electing seven
directors and such other officers may be deemed
necessary and proper to manage and administer the
anmo 81 H.. UNI, . Inc cIiSsioher $40 10
jOrty of the stockholders present at the meeting
All elections shall be by ballot and shall be con-
Quoted under the superintendent OF three COM
mlssiOners appointed by the Board OF Directors for
this purpose.
ARTICLE v
A majority of votes Counting one vote for each
share of stock voted UPON shall be sufficient to
elect Directors who shall at their first meeting after
their lection choose one of their number for Presi
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 or inability to act the
tenn, who shall for the time exercise the full power
of President.
ARTICLE VI
All administrative powers of this CORPORATION
shall be vested in Board of directors consisting
OF seven persons, each of whom shall own in his
own name and right at least twenty-five hundred
dollars of the capital stock of said association who
shall at their first meeting elect one of their num-
Der as President, and said board shall serve 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
which election shall be given at least ten DAYS in
two newspapers published in the city OF New Or
leans
ARTICLE VII.
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 as
may be deemed necessary and requisite for the uses
of the company. The Board of Directors shall an
point secretary, and as many clerks and agents
the business OF the company may require and may |
remove the same; and shall fix and define the |
salaries of all officers and employees of the company
and also TX the amount of security that shall be re-
CURED from any OF said officers employees.
ARTICLE VIII
The Board of Directors shall have full power to |
make bylaws rules and regulations. and to amend |
and alter the same, whenever the interests
OF the company may require demand it, and |
shali also have the power to supply any vacancies
that may occur i'll their board from any cause what
soever
ARTICLE TX
Books for the registry and transfer of shares
OF the capital stock shall he opened and
Kept subject to the restrictions directed by the by
laws All transfers of shares shall be made on |.
SAID books and signed by the shareholder or his at
torney. The books of this corporation may be
closed at the option OF the Board of Directors as
often as convenience or expedency may require
but not for a longer period OF time than ten DAYS
Should any stakeholder desire TO transfer the same
previous to full payment having been made, he
shall be permitted to do so, provided the Board OF
Directors are satisfied with the substitute offered
oJ the party wishing to make the transfer.
ARTICLE Y.
These articles of incorporation NAV be modified
)r altered. II required and the capital stock OF this
company may be increased to six hundred thou
'and dollars S60o00O) i'll the manner provided for
,y law, with the consent of twO-thirds of all the
stockholders in general meeting assembled, after
Increase of capital shall be duly authorized sixty
lays notice of the shall be given in two news
'apers published III the city of New Orleans.
ARTICLE XII
Minutes of all proceedings of the Board of d. |
ectors shall be kept by the Secretary and approved
y the President, and the President and Secretary
hall sign all notes. drafts. checks certificates OF
took contracts and all other evidence of indebted
less OF this corporation.
ARTICLE XII
The company, whenever dissolved either bv !
ernnation of charter, from any other cause
;hatever shall be liguidated by three commits
toner's, to be appointed by said Board of Directors
mo shall remain i'll office until the final liquidation
the cOmpany's affairs.
Thus done and passed in my Office at the CITY of
arrolit0n on the day. month and year first men
oned in the presence of Louis c. Peret and Jacol,
erner Jr. competent witnesses, who hereto sub
rribe their names with the parties and me- the
aid notary.
Original signed
LOUIS {. PERRET. T.. NJ. BAKER
JACOB hERNER, JR., +. FULTON,
S. II. ABLY,
j. s. CLARK,
NJ. A. BAKER
J. B. WELLER
n. COMMANDEUR.
WILLIAM H. PASCOE, Notary Public.
A true copy of the original. July 49, 1870 | +
WILLIAM II. PASCOE, Notary Public
L. the undersigned Recorder of Mortgages for the
ty OF New Orleans. and parish of Orleans State of
olsIana, do hereby certify that the foregoing ar
Gle has been this day duly recorded in Book s. 8
lilo IA. according to law