New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-06-24
CORPORATIONS.
CHARTER. ......................C CHATTER.
CITY.OF NEW ORLEANS STATE OF LOUISIANA.

in the year of our Lord one thousand eight hun
dred and seventy -one, before me, Edward Barnett
| a notary public in and for the parish of Orleans
city of New Oreans- aud State of Louisiana afore
said duly commissioned and sworn, PERSONAL,
hereunto subscribed, stipulating for themselves
and those whom they represent, who declared
that awaiting themselves Of the rights aud privilege,
granted by and contained in the provisions of the
statutes ofthe State of Louisiana relative to the
ganzation of corporations in this State, they have
covenanted and agreed. and do by these present,
covenant. agree and bind themselves, aud those
whom they represent, TO form themselves into, con
stitute and establish corporation or body polite
| for the objects and purposes and under The stipu
latlons, agreements and regulations hereinafter
| set forth, to witt
ARTICLE T.
This corporation 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 tllree-fourths
| of the stockholders thereof
ARTICLE H.
| The president, or in hishbsence, the secretary
whom to serve citations or all other legal iocu.
ments or writs in all suits against the company
ARTICLE I'LL
| The objects and purposes of said ass ocatiOn are
| hereby declared to be the establishment of race
course for the advancement of racing and the i'm
ment of a clubhouse for the social enjoyment OF
| its members, and such other purposes in connec-
|
| of Directors
| ARTICLE ".
The capital stock of the said association is xed
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 vote of two-thrds 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
subscription and the balance in such nstallments
as the directors, from time t. time may call ill.,
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
| aforesaid the stock aud 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
association shall have the right TO purchase or
lease swhatever grounds and buildings may be
deemed necessary. d
There shall be elected annually on the second
Monday of May, Board OF Directors consisting
OF twenty-one members who shall be chosen by
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
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
to one vote.
ARTICLE VIII
The stockholders shalt not be responsible for
losses 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 OF 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
aud powers herein specified, viz:
C. II. Slocomb, X. NJ. Montgomery
G. T. Howard. +. Salomon
L. E. Lemarie, H. B. Foley
s. L. James, John A. Morris
&; A. W IS sinmoDs / I E He Genny'
A. H. Peale, Edward Barnett
d. Wallace G. G. Garner
P. o. Hebert James T. Pace
E. A. Yorke
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 any 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 ell
circling the same.
ARTICLE XIV
The affairs of the association shall he liquidated
holders from among themselves, at general meet
ing convened for that purpose, after the delay and
directors all movers o shall he
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 |
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 wspapers published i'm
the city, shall have the wer to make any changes
additions or notifications In this act of incorp0ra-
ton, provided that three fourths of the stock re-
presented at such meeting shall vote in favor of |
such proposed measures, and any of such change,
addition or modification shall be recorded as re-
qulIeu Dy law.
Thus done and passed in my office, at the city of
New orleans aforesaid, on the day, month and
year first above written aud in presence of Messrs.
Marcel I. Ducros and Joseph W. JONES' conn et+nt
who hereunto sign their names with
said parties and me, notary.
Original signed:
c.. II. SLOCOMB
GUS. A. BREAUX and Others
M. T. DUCROS
J. w. JOINS,
EDWARD BARNETT, Notary Public.
/ certify the foregoing to be true copy Of the
original act extant in my current records.
III faith whereof grant these presents under
my signature and the impress of my seal of office,
1t the city of New Orleans the fifth day of
Luna eighteen hundred and seventy. nne |