New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-06-25
CORPORATIONS.
CHARTER.

|
| " NSE ts- "a 49, II g .aA $50 fFsss
CITY OF NEW ORLEANS, STATE OF LOUISIANA
| ~ - -t34 8Hf
| A.. Be ii 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 in ana for the parish of Orleans
city of New Orleans and State of Louisiana afore,
said, duly commissioned on 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 themselves of the rights and riyileres
| granted by and contained in the provisions of the
statutes ofthe State of Louisiana relative to the or.
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-
for the objects and purposes and under the stipll
lations,, agreements and regulations hereinafter
set FORTH to wit:
ARTICLE l. -
This corporation shall be known and designated
as the LOUISIANA, JOCKEY CLUB" and its
donlicie shall be and is hereby fixed and estab-
for the term of twel ty five years from this date
unless sooner dissolved by a vote of three fourths
OF the stockholders thereof
ARTICLE II. +
The president, or, in his,absenee, the secretary
OF the company, shall be tpe proper person on
whom to serve citations or all other legal doeu-
ments or writs in all suits against the company.
ARTICLE III.
The objects and purposes of said association are
hereby declared to he the establishment of race
course for the advancement of racing and 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 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 amount not
to exceed two hundred and fifty thousand dollars,
by vote OF two thirds of the stock holders there
Of Payments the capital stock of said com
pany shall be made as follows viz: ten per cent on
subscription and the balance i'll such insrallments
the directors, from time t tine may call in,
giving at least fifteen days notice thereof in two
newspapers published in the city of New Orleans,
same within fifteen days after becoming due, rs
aforesaid, the stock and any payments made
thereon may he declared forfeited by a vote of
the Board OF Directors
ARTICLE V. -
The association may go into operation as soon
fifty thousand dollars OF the stock shall have been
subscribed. If Hsff .e+Ete
ARTICLE W.
For the purpose of carrying out its objects the
association shall have the right to purchase
Lease swhatever grounds and buildings may be
deemed necessary. -
There shall be elected annually on the second
Monday of May, 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 i'll two of the news
papers published in this city and shall hold office
until their successors 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
an 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.
yond the amount of capital stock held and owned
by him or them respectively.
ARTICLE TX.
AL the powers of the said association shall be
vested in the Board of Directors thereof who shall
in the board or otherwise. The said board shan be
authorized to receive further subscriptions until
the amount subscribed shall have reached the
aforesaid sum of One Hundred Thousand Dollars.
@ ARTIoLEx
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:
Q. H. Slocomb, Z. ~ Montgomery,
{. T. Howard. +. Solomon
L. L. Lemarie, III. B. Foley,
s. L. James, John A. Morris,
----- &. A. Weed, l. L. Glenny,
Robert W; Simmons T. Hellman,
d. Wallace, G. G. Garner,
P. o. H-bert, James T. Pace,
sr b "A. lorke.t o. 80 Ell
ARTICLE N.
The failure for any cause to elect directors on
the day when such election should have been
held shall not dissolve the association, bnt the
directors then in office shall hold over until their
successors are elected and qualified
ARTICLE XII.
This corporation shall be capable in law to buy
sell, mort gage 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
il 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
OF the United States and of
the State OF Louisiana, and of this act of incor-
l'0r@''oH - 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- |
ARTICLE XIV.
The affairs of the association shall be liGudated
by three co "missiorers, 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 |
directors all necessary powers shall be conferred
On them, their compensation and term of office |
shall be fixed their duties defined. aud the manner
u which they may be removed or their term of |
'' = ARTICLE XIV.
The stockholders of the company, at general |
meeting 10 De convened Tor the purpose after ten
lays notice in two of the newspapers published in
The city, shall have the power to make any changes,
additions notifications in this act of incorpOra
ion, 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-
,uired by law.
Thus done and passed in my office, at the city of
Sew orleans aforesaid, the day, month and /
year first above written, and in presenceof 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. JONkS,
EDWARD BARNETT, Notary Public.
l certify the foregoing to be a true copy of the
original act extant in my current records. i
In faith whereof grant these presents under
ny signature and the impress of my seal of office,