New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-12
CORPORATIONS.
CHARTERss... .......... - CHARTER.
CITY OF NEW ORLEANS, STATE OF LOUISIANA.


| Be it known that on the fifteenth day of Nav
| in the year of our Lord one thousand eight hun
dred and seventy one, before me, Edward Barnett
notary public I'm 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
and those whom they represent, who declared
that avaing themselves offhe rights and privileges
granted by and contained In the provisions Of the
statutes ofthe State of Louisiana relative to the
ganization 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-
stitute and establish corporation body polite,
| lations, agreements and regulations hereinafter
set forth, to wit:
| This corporation shah be known and designated
domicile shall be and is hereby fixed and estab-
| hshed in the city of New Orleans 1t shall exist
OT tine ., by yoe Of
| of the stockholders thereof.
ARTICLE, II.
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 iii.
The objects and purposes of said association
hereby declared to be the establishment of race
course for the advancement of racing and the i'm
1nent of 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 of one hundred thousand dollars, divid-
ed into shares of one hundred dollars each which
capital stock may be increased to amount not
to exceed two hundred and fifty thousand dollars,
by vote of twot thirds of the stockholders there
OF. Payments on the capital sock 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 tn time, may call in,
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 forfeited by vote OF
the Board of Directors
ARTICLE
The association may go into operation 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 twhatever grounds and buildings may be
ARTICLE VII.
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 may be selected,
after ten days advertisementfin 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 re galations for
the government of the association and the election
of members as they may deem necessary. It shall
require majority of the stock voting to constitute
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.
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 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
Board of Directors and invested with althe rights
and powers herein specified viz:
G.. Breaux, J. O. Nixon,
Z. n. SlocOmb, f. NJ. Montgomery,
G. 4. Howard. Z. Solomon,
L. &. Lemarie, II. B. Foley,
3 L. James, John A. Morris,
c. A. Weed, l. E. Glenny,
E. A. Yorke. Edward Barnett
D. Wallace, G. G. Garner,
p. Q. Hebert, James T. Pace
ARTICLE XI.
The failure for any cause to elect directors or
the day when such election should have been
held shall not dissolve the association, but the
directors then in office shall hold until their
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 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 ineor-
pOratiOn.
ARTICLE XIII.
The said association shall have seal with such
device upon the same the Board of Directors
may adopt, and the name of the association en-
circling the same
The affairs of the association shall be Hquidated
by three commissioners appointed by the stock
holders from among themselves at general meet
ing convened for that purpose after the DELAY and
IN the manner pointed out for the election OF
all necessary powers shall be conferred
on them their compensation and term of Office
shall be fixed, their duties defined and the manner
n o., 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
lays notice in two of the newspapers published in
he city, shall have the power to make any changes
additions or notifications in this act of incorpora-
ion, provided that three fourtbs of tbe stocE re-
presented at such meeting shall vote in favor of
'ucn 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
View Orleans aforesaid on the day, month and
ear first above written, and in presence of Messrs
larcel T. Dueros and Joseph w. Jones' competent
who hereunto sign their names with
aid parties and me- notary.
Original signed:
G. H! sLoCOMB,
GUS. A. BREAUX, and others.
NJ T. DUCROS,
j. w. JONES'
EDWARD BARNETT, Notary Public
! certify the foregoing to be true copy of the
1lSnal act eXtant rea
In faith whereof grant these presents under
ny signature and the impress of my seal of Office
t the city of New Orleaus on the fifth dav Of
une, eighteen hundred and seventv.oue
;oo,s. EDWARD BARNETT. Notary Public