New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-06-09
CORPORATIONS.
CHARTER. ..ChAhInhs
CITY OF NEW ORLEANS, STATE OF LOUISIANA.


Be it known that on the fifteenth day of May,
in the wear of our Lord one Thousand eight hun
dred and seventy-0ne, before me, Edward Barnett.
a notary public in and for the parish OF orleans
city of New Orleans and Stats Of Louisiana afore-
said duly commissioned and sworn personally
came and appeared the parties whose names are
hereunto subscribed, stipuating for themseives
and those whom they represent, who declared
that avaing themselves Of the rights and privileges
granted by and contained in the provisions OF tne
statutes ofthe state OF Louisiana ,hsv have
covenanted and agreed, and do by THESE presents
covenant. agree and bind themselves, and those
whom they represent, to form themselves 1nto con
stitute and establish corporation or body polite,
for the objects and purposes and under t he stipu-
lations, agreements and regulations hereinafter
This corpor alton shall be known and designated
as the LOUISIANA JOCKEY CLUB" and its
lished in the city of New Orleans. 1t shall exist
for the term OF twenty-five years from this date,
unless sooner dissolved by vote Of three-fourths
of the stockholders thereof
ARTICLE II.
The president, or, in hisiabsence, the secretary
of the company shall be the proper person on
whom to serve citations or all other legal docu-
ments or writs in all suits against the company.
ARTICLE III.
The objects and purposes of said association are
hereby declared to be the establishment OF a race
course for the advancement of racing and the i'm
provement of the breed of horses; the establish
ment of a clubhouse for the social enjoyment OF
its members, and such other purposes in connec,
ton Herewith as may be designated by the Board
ARTICLE ".
The capital stock of the said association is ti1ed
at the of one hundred thousand dollars. dlvid-
ed into shares of one hundred dollars each, which
capital stock may be increased to an amount not
to exceed two hundred and fifty Thousand dollars
by a vote of two thirds of the stock holders there
of. Payments on the capital stock OF SAID com
pany shall be made as follows, viz ten per cent on
~ l.1n mat llnlA
as the directors, from time t." time may cal IN
giving at least fifteen DAYS notice thereof in two
newspapers published in the city Of New Orleans
and on the failure sf any subscriber to pay the
same within fifteen days after becoming due, as
aforesaid the stock and any payments made
thereon may be declared forfeited by a vote Of
the Board of Directors.
ARTICLE v.
The association may go into operat ion as soon as
fifty thousand dollars OF the stock shall have been
subscribed.
For the purpose of carrying out its objects, the
association shall have the right to purchase or
lease lwhatever grounds and buildings may be
deemed necessary ARTICLE VII
There shall be elected annually on the second
Monday of May, Board of Directors, consisting
of twenty,one members who shall De chosen mos n, Oy
in the city of New Orleans as may be selected,
after ten days advertisement in two Of the news
papers published in this city, and shall hold office
until their successors are elected and qualified
The board thus elected shall at their first meeting
elect such officers as they may think proper and
the government of the association and the election
of members as they may deem necessary. 1t shall
require majority of the stock voting to constitute
an election of the board, each share being entitled
to one vote.
ARTICLE VIII
The stockholders shall not be responsible for
losses or damage incurred by said association be-
yond the amount of capital stock held and owned
by him or them respectively.
ARTICLE TX.
All the powers of the said association shall be
vested in the Board of Directors thereof, who shall
have power to supply any vacancy that may occur
in the board or otherwise. The said board shall be
authorized to receive further subscriptions until
the amount subscribed shall have reached the
aforesaid sum of One Hundred Thousand Dollars.
ARTICLE X.
The following named stockholders elected on
the eighth instant, hereby constituted the first
Board of Directors and invested with all the rights
and powers herein specified, viz:
G.. A BreauX, J. u. Nixon,
G. H. Slocomb, R. NJ. Montgomery,
C. T. Howard. (. Solomon,
L. Z. Lemarie, II. B. Foley,
=. L. James, John A. Morris,
c. A. Weed E. Glenny,
Robert w. Simmons, T. Hellman,
A. H. Peale Edward Barnett,
D. Wallace, G. g. Garner,
P. o. Hebert, James T. Pace,
ARTICLE XI.
The failure for any cause to elect directors on
the day when such election should have been
held, shall not dissolve the association, but the
directors then in office shall hold until their
successors are elected and qualified.
ARTICLE XII
This corporation shall be capable in law to buy,
SELL mortgage, take, receive, hold and in any
ner acquire real and personal property it shall be
capable to cite and be cited, to sue and be sued !;
it shall be and is hereby empowered and author
lied to make rules bylaws, ordinances, and to do
and perform any and everything needed for its
government and support not rePugnant to the
the State of Louisiana, and of this act of incor-
poratiOn.
ARTICLE KILL
The said association shall have seal with such
device upon the same a, the Board of Directors
may adopt and the name of the association en-
circling the same.
ARTICLE XIV.
The affairs of the association shall be iquidated
by three co "missioners, appointed by the stock.
holders from among themselves, at general meet
ing convened for that purpose after the delay and
in the manner pointed out for the election of
directors all necessary powers shall be conferred
on them, their compensation and term of office
shall be fixed their duties defined, and the manner
in which they may be removed their term of
office renewed.
ARTICLE XIV.
The stockholders of the company at a general
meeting to be convened for the purpose after ten
davs' notice in two of the newspapers published in
the city, shall have the power to make any changes
additions or notifications in this act of incorpora
ton, provided that three fourths of the stock
presented at such meeting shall vote in favor of
such proposed measures, and any of such change,
addition or modification shall be recorded re-
quired by law.
Thus done and passed in my office, at the city of
New Orleans aforesaid, the day, month and
year first above written and in presence of Messrs
Marcel 7. Ducros and Joseph W. Jones, competent
witnesses, who hereunto sign their names with
said parties and me, notary.
Original signed:
C. Fl. SLOCOMB.
GUS. A BREAuX and Others
NJ. T. DUCROS,
J. W. JONES
EDWARD BARNETT, Notary Public
certify the foregoing TO be true copy of the
original act extant in my current records.
In faith whereof grant these presents under
my signature andthe impress of my seal of office
at the city of New Orleans, on the fifth day of
June eighteen hundred and seventy-one.