New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-06-23
CORPORATIONS.
4 HAhTEh.............. ChAhIEhs
CITY OF NEW ORLEANS, STATE OF LOUISIANA


| in the year of our Lord one Thousand eight hun
bred and seventy one, before me, Edward Barnett
notary public in ana for the parish OF Orleans
| said, duly commissioned and sworn, personally
| came and appeared the parties whose names are
and those whom they represent, who declared
that avang themselves of the rights and ivileges
granted by and contained in the provisions of the
statutes of the State of Louisiana relative to the
ganZatlOn of corporations i'll this State they have
| covenanted and agreed, and do by these presents
whom they represent, to form themselves into con-
stitute and establish corporation or body polite,
for the objects and purposes and under the stipu-
lations, agreements and regulations hereinafter
This corporation shall be known and designated
domicile shall be and is hereby fixed and estab-
| hshed in the city of New Orleans. 1t shall exist
for the term OF twenty-five years from this date,
of the stockholders thereof. -s
ARTICLE H.
The president or in his,absence, the secretary
of the company, shall be the proper person on
whom TO serve citations all otherlega docu-
ments or writs i'll all suits against the company.
.....-.- ARTICLE III. .
The objects and purposes of said ass ociation are
hereby declared to be the establishment of a
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 endowment of
its members, and such other purposes in connec-
ton Herewith as maybe designated by the Board
of Directors.
ARTICLE ".
The capital stock of the said association is fixed
AT the sum of one hundred thousand dollars, divd-
ed into shares of one hundred dollars each, which
capital stock may be increased to al 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 follows viz: ten per cent on
subscription and the balance in such installments
as the directors, from time Z. time may call in,
newspapers published in the city of New Orleans,
and on the failure OF any subscriber to pay the
sforesaid. the stock and any payments made
thereon may be declared forfeited by vote of
the Board of Directors.
ARTICLE
The association may go into operation soon as
fifty Thousand dollars the stock shall have been
subscribed
= ARTICLE vi.
For the purpose of carrying out its objects, the
association shall have the right to purchase
lease bwhatever grounds and buildings may be
deemed necessary.
There shall be elected annually on the second
Monday of May, Board of Directors consisting
of twentyone members, who shall be chosen by
the stockholders from their number, at such place
in the city of New Orleans as may be selected,
after ten days advertisementin 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
shall make such by laws rules and regulations for
the government of the association and the election
of members as they may deem neces sary. 1t shall
require majority of the stock voting to constitute
election of the board each share being entitled
to one vote 80 -rs 'Hta-t e. sssa--
.f.t..fB E. ARTICLE VIII. -..t
The stockholders shall not he 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 mowers of the said association shall he
vested in the Board of Directors thereof who shall
have power to supply any vacancy that may occur
authorized to receive further subscriptions until
the amount subscribed shall have reached the
aforesaid sum of One Hundred Thousand Dollars.
.r ARTICLE X
The following named stockholders elected on
the eighth instant, hereby constituted the first
Board of Directors and invested with all the rights
aud powers herein specified viz;
IT,. BreauX, J. o. Nixon,
c. H. Slocomb, K. NJ Montgomery,
c. T. Howard. E. Solomon,
L. E. Lemarie, II. B. Foley,
y. L. James, John A. Morris
c. A. Weed |. Z. Glenny
A. H. Peale Edward Barnett,
ID. Wallace, 6. g. Garner
P. 0. Hebert, James 7. Pace,
ARTICLE XII
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
successors are elected and qualified
ARTICLE XII.
This corporation shall be capable in law to buy
SELL mortgage take receive, hold and in anv man
ner acquire real and personal property it shall be
capable to cite and be cited, to cue 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 |
constitution and laws of the United states and of
the State of Louisiana and of this act of incor-
pOratiOn.
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 |
circlng the same.
ARTICLE XIV.
The affairs of the association shall be lquidated
by three commissioners appointed by the stock.
holders from among themselves at a general meet
ing convened for that purpose, after the delay and
in the manner pointed out for the election of |
directors; all ne cessary 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 or their term of
once renewed ARTICLE XIV
The stockholders of the company, at a general
meeting to be convened for the purpose, after ten
days 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 re-
presented at such meeting shall vote in favor of
'uch proposed measures, and any of such change, |
addition or modification shall be recorded as re-
Iuired by law.
Thus done and passed in my Office at the city of
New orleans aforesaid on the day, month and
year first above written and in presence of Messrs
Marcel T. Ducros and Joseph W. Jones competent
witnesses, who hereuntO sign their names with
'aid parties and me- notary.
Original signed: =.
C. H. SLOCOMB
GUS. A. BREAuX, and others
NJ. T. DUCROS,
J. W. JONES
EDWARD BARNETT, Notary Public.
| certify fQr9pODO n ha a rplpT Oft ha
rignal act eXtant in my current records.
In faith whereof grant these presents under
ny signature and the impress of my seal of office,
t the city of New Orleans on the fifth day of
une, eighteen hundred and seventy -one.