New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-04
CORPORATIONS. viz
CHARTER, ..-r~,:::; . CHARTER
CITY OF NEW ORLEANS, STATE OF LOUISIANA.
CHARTER.

known
in the year of our Lord one thousand eight hun
dred and seventy-one, before me, Edward Barnett.
a notary public i'll and for the parish of Orleans,
city of New Orleans and State of Louisiana afore-
said duly commissioned and sworn, personally
came and appeared the parties whose names are
berennto subscribed STIMULATING for themselves
Ia those whom thew represent who declared
that avaling themselves of the rights and privileges
granted by and contained in the provisions of the
stattes Of 1.-THE State of Louisiana relative to the
oanizafOn of corporations in this State they have
covenanted and agreed, and do by these presents
covenant. agree and bind themselves, and those
whom they represent to form themselves into con-
stitte and establish corporation or body polite,
for the objects and purposes ana under the stlpu-
latons agreements and regulations hereinafter
set forth, to wit:
This corporation shall be known and designated
as the LOUISIANA JOCKEY CLUB" and its
domicile shall be and is hereby fixed and estab-
lished i'll the city of New Orleans. 1t shall exist
unless sooner dissolved by vote OF threefourths
of the stockholders thereof
ARTICLE H.
The president Or in his absence, the secretary
of the company, shall be the proper person
whom to serve citations or ali other legal doea
ments or writs in all suits against the company.
ARTICLE Ill
The objects and purposes of said association are
hereby declared TO be the establishment of
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 maybe designated by the Board
of Directors. r.-
The capital stock of the said association is fixed
at the sum of one hundred thousand dollars divid-
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 stockholders there
of. Payments the capital stock OF SAID COM
pany shall be made as follows viz: ten per cent on
Subscription and the balance in such installments
as the directors from time l. time, may call i'll,
giving at least fifteen DAYS notice thereof in two
newspapers published in the city of New Orleans,
and on the failure of any subscriber to pay the
same within fifteen days after becoming due, as
aforesaid, the stock and any payments made
thereon may be declared forreltcd Dy vote OF
the Board of Directors
ARTICLE V.
The association may go into operation as soon
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 kwhatever grounds and buildings may be
u'e-i-'u ARTICLE VII.
| There shall be elected annually, on the second
| Monday of Nav, a Board of Directors, consisting
| of twenty-one members, who shall be chosen by
| the stockholders from their number, at such place
| in the city of New Orleans as may be ted
after ten DAYS advertisement in two of the news.
papers published in this city, and shall hold office
| until their successors are elected aud qualified.
| The board thus elected shall at their first meeting
elect such officers as they may think proper, and
shall make such bylaws, rules and regulations for
the government of the association and the election
| of members as they may deem necessary. 1t shall
require majority of the stock voting 10 constitute
an election of the board each share being entitled
| to one vote.
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.
ARTICLEIx
All the powers of the said association shall be
vested III the Board OF Directors thereof, who shall
have power to supply any vacancy that may occur
in the board or otherwise The said board shai! oe
| the amount subscribed shall have reached the
aforesaid of One Hundred Thousand Dollars
ARTICLE X
The following named stockholders elected on
the eighth instant are hereby constituted the hrsi
Board of Directors and invested with all the rights
aud powers herein specified, VIZ:
e.. Breaux, J. y NIXON,
c. H. SlOcOmb, r. NJ Montgomery
G. T. Howard, r. Salomon,
| L. + Lemarie H. B. Foley,
| 5. L. James, Jonn A. MOTIFS
| C. A. Weed l. Z. Glenny,
Robert W. simmons, T. Hellman,
+. A. YOrke. Edward Barnett,
D. Wallace, y. u. Garner,
l. P. o. Hebert, James I. Pace,
ARTICLE XI.
The failure for any cause to elect directors OF
the day when such election should nave peer
directors then in Office shall hold over until thei
successors elected and qualified.
ARTICLE XII.
This corporation shall be capable in law to buy
sell mort gage take, receive, held and in any man
ner acquire real and personal property; 1t shall be
capable to cite and be cited, 10 sue and be sued
it shall be and is hereby empowered and author
lied to make rules, bylaws, ordinances, and TO dc
and perform any and everything needed Tor II
government and support not repugnant 10 IN
constitution and laws of the United states, and o
the state of Louisiana and of this act of incor
pOration.
The said association shall have seal with sucl
device upon the same a, the Board of Director
may adopt, and the name OF the association Gil
''''''''' ARTICLE XIV.
The affairs of the association shall be liquidate'
| nv three co nmissioners, appointed by the stock
| holders from among themselves, at general meet
ing convened for that purpose after the delay AM
in the manner pointed out Tor the eleclon
| directors all necessary powers shall be confeTre'
on them, their compensation and term OF ono
shall be fixed their duties defined, and the manne
in which they may be removed or their term
'i--'' ~ ARTICLE XIV.
The stockholders of the company, at genera
meeting to be convened for the purpose, after tel
days notice in two Of the newspapers puonssneu
additions notifications in this act OF incorpora
tiOn, provided that three-fourths of the stock re
presented at such meeting shall vote IN favor Q
such proposed measures, and any of such change
addition or modification shall be recorded as IT
quired by law.
Thus done and passed in my Office, at the city 9
New orleans aforesaid, on the day, month an
year first above written, and in presence OF Messr
Marcel T. Ducros and Joseph W. Jones, competen
witnesses who hereunto sign their names wit
said parties and me, notary.
Original signed:
GUS. A. BREAUX, and Others,
NJ. #. DUCROS,
J. W. JONES,
EDWARD BARNETT, Notary Pubic.
certify the foregoing to be true copy OF III
original act extant in my current records.
In faith whereof l grant these presents und'
| Att and he irlrrp seal Ollie