New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-06
CORPORATIONS.
CHARTER --',.'.::-::;.''''''' CHARTER
CITY OF NEW ORLEANS, STATE OF LOUISIANA.
CHARTER.

Re If known that on the fifteenth day of May
in the year of our Lord one thousand eight hun
dred and seventyone, before me, Edward Barnett.
notary public in 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
hereunto subscribed, STIMULATING for themselves
and those whom they represent, who declared
that awaiting themselve ofthe fghtsand privileges
granted by and contained in the provisions of the
Statutes fthe State of Louisiana relative to the
ganizaton of corporations in this state, they have
cOyeuanted and agreed and do by these presents
Covenant agree and bind themselves, and those
whom they represent to form themselves into,
stitute and establish corporation or body polite,
for the objects and purposes and under the stipu-
latons, agreements and regulations hereinafter
set forth, to wit:
This corporation shall be known and designated
as the LOUISIANA JOCKEY CLUB" and its
domice shall be and is hereby fixed and estab-
lshed in the city of New Orleans. 1t shall exist
for the term OF twenty-five wears from this date,
unless sooner dissolved by vote OF tlree-fOurths
of the stockholders thereof.
ARTICLE H.
The president, or, in his absence, the secretary
of the company, shall be the proper person on
whom to serve citations or all other legal docu-
ments writs i'll all suits against the company.
ARTICLE III.
The objects and purposes of said association are
hereby declared to he 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
of Directors.
The capital stock of the said association is fixed
at the sum of one hundred Thousand dollars, dvid
ed into shares of one hundred dollars each, which
| capital stock may he increased to an amount not
TO exceed two hundred and fifty Thousand dollars
by a vote of two-thrds of the stockholders there
Of Payments the capital stock OF said com
pany shall be made as follows viz: ten per cent on
in Inat llpln 70
| as the directors, from time tine, may call in
giving at least fifteen DAYS notice thereof i'll 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 he declared forfeited by vote Oi
| the Board of Directors.
ARTICLE V.
The association may 90 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 OF
| lease twhatever grounds and br&idings may be
| deemed necessary.
| There shall be elected annually on the second
Monday of May, Board OF Directors, consisting
the stockholders from their number, at such place
| 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 tlieir successors are elected aud qualified
The board thus elected shall at their first meeting
elect such officers they may think proper, ant
| shall make such bylaws rules and regulations fol-
the government of the association and the election
| of members as they may deem necessary. 1t shall
require majority of the stock voting to consttut,
an election OF the board, each share being entitled
| to vote
| ARTICLE VIII.
| The stockholders shall not be responsible TO
losses or damage incurred by said association be
| yond the amount of capital stock held and owne,
| by him or them respectively.
| ARTICLE TX.
| All the powers of the said association shall b
vested in the Board of Directors thereof, who shall
| have power To supply any vacancy that may Occu
in the board otherwise. The said board shall b
| authorized to receive further subscriptions unit
| the amount subscribed shall have reached tn
| aforesaid sum of One Hundred Thousand Dollars
| ARTICLE X.
The following named stockholders, elected Oh
the eighth instant, are hereby constituted the frs
Board of Directors, and invested with all the right
| and powers herein specified, viz:
G.. BreauX, J. y. Nixon,