New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-06-22
CORPORATIONS,
" j
CITY OF NEW ORLEANS, STATE OF LOUISIANA.

in the of our Lord one thousand eight nun
bred and seventy-one, before me, Edward Barnett
notary public lin 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 availing themselves of the rights and privileges
granted by and contained in the provisions of the
statutes ofthe State of Louisiana relative the
ganzation of corporations in this State, they have
covenanted and agreed. and do by these presents
covenant. agree and bind themselves, and those
whom they repre- sent to form themselves into, con-
situte and establish corporation or body polite,
for the objects and purposes and under the stipu-
lations,, agreements and regulations hereinafter
set FORTH to wit; ARTICLE r > I
This corpora tion shall be known and designated
as the LOUISIANA JOCKEY CLUB" and its
domicile shall be and is hereby fixed and estab-
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 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 or writs in all suits against the company.
ARTICLE I'LL
The objects and purposes of said association are
hereby declared to be the esta blishment of race
course for the advancement of racing aud the i'm.
proyement of the breed of horses; the establish
ment of 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 fixed
at the sum of one hundred thousand dollars divid-
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
OF. Payments the capital stock of said COM
pany shall be made follows, viz ten per cent on
subscription and the balance in such instsllments
as the directors from time t. time, may call in.
ul n least fifteen notice w
newspapers published in the city of New Orleans,
and on the failure of any subscriber to pay the
aforesaid, the stock and any payments made
thereon may be declared forfeited by vote of
the Board OF Directors.
ARTICLE v.
The association may go into operation as soon as
fifty thousand dollars OF the stock shall have been
subscribed.
For the purpose of carrying out its objects, the
lease kwhatever grounds and buildings may be
ARTICLE VII
There shall be elected annually on the second
Monday of May 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 selected
after ten days advertisement in two of the news.
papers published in this city and shall hold office
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 to constitute
election of the board each share being entitled
- ARTICLE VIII
The stockholders shall not be responsible for
losses or damage INCURRED by said association be,
by him or them respectively. -fr
ARTICLE TX. os
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
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 are hereby constituted the first
Board of Directors and invested with all the rights
and powers herein specified, viz:
G.. Breaux j. o. Nixon,
G. H. Slocomh, r. NJ. Montgomery,
G. T. Howard. i. Solomon,
L. 4. Lemar:e, II. B. Foley
S. l.. James, John A. Morris,
G. A. Weed, /. L. Genny
Robert W. simmons, T. Hellman,
A. H. Peale, Edward Barnett,
ID. Wallace G. G. Garner
P. o. Hebert, James 7. Pace
E. A. Yorke.
ARTICLE XII
The failure for any cause to elect directors on
the day when such election should have been
directors then in Office shall hold over until their
successors are elected and qualified
ARTICLE XII
sell, mortgage take, receive, hold and in any man
ner acquire real and personal property it shall be
capable to cite and he 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 repuguant to the
and laws of the United states and of
the State of Louisiana, and of this act of incor
porati0n. 1
ARTICLE Kill
The said association shall have a 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 liqudated |
Dy three co ''missioners appointed by the stock.
holders from among themselves at general meet. |
ng convened for that purpose, after the delay and
N the manner pointed out for the election of |
all necessary powers shall be conferred
IN them, their compensation and term of Office |
shall be fixed their duties defined. and the manner |
n which they may be removed or their term of |
office renewed. 80
ARTICLE XIV.
The stockholders of the company, at a general |
meeting to be convened for the purpose after ten |
lays notice in two of the newspapers published in
he city, shall have the power to make anychanges
additions or notifications in this act of incorpOra-
ion, provided that three fOurths of the stock re-
at such meeting shall vote in favor of |
uch proposed measures, and any of such change,
addition or modification shall be recorded as re-
luired by law.
Thus done and passed in my Office at the city of
Sew orleans aforesaid the day. month and
ear first above written, aud in presence of Messrs
Marcel 7. Ducros and Joseph W. Jones' competent
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
I certify the foregoing to be true copy of the
rignal act extant in my current records.
In faith whereof grant these presents under
~ 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.
EDWARD BARNETT Notary Public.
je9 law5t