New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-14
CORPORATIONS.
QUARTER.
CHARTER,
CITY OF NEW ORLEANS, STATE OF LOUISIANA

CITY OF NEW ORLEANS, STATE OF LOUISIANA.
Be it known that on the fifteenth day of May,
in the wear of our Lord one thousand eight hun
dred and seventy-one before me, Edward Barnett
stv af NEW Orleans and State Of Louisiana afors
said duly Commissioned and sworn, persona.y
came and appeared the parties whose names are
and those whom they represent, VINO declared
that availing themselves ofthe rights and privileges
granted by and contained IN the o. tne
ganizaton of corporations in this state, they nave
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 or body poitc,
for the objects and purposes ana under the stIpu
latons, agreements and regulations hereinaft
ARTICLE I.
This corporation shall be known and designs ed
as the LOUISIANA JOCKEY CLUB" and its
domicie 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 a vote OF tlree-fourths
of the stockholders thereof
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 are
hereby declared TO be the establishment OF race
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 enjoyment OF
its members, and such other purposes IN eonnec.
ton there with may be designated by tbs. Board
of Directors.
The capital stock of the said association is fixed
at the sum of one hundred thousand dollars, dIvid-
ed into shares of hundred dollars each, which
capital stock may be increased to all amount not
to exceed two hundred and fifty thousand dollars
Of txlyc-t snfft he IN
OF. Payments on the capital stock OF salu COM
pany shall be made follows, viz ten per cent on
subscription and the balance in such insrallments
the directors, from time tin e, may can In,
giving least fifteen DAYS notice thereof III 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 que, as
aforesaid, the stock and any payments maze
thereon may be declared forfeited by Vole Oh
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
-'0--'' ~ 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
the stockholders from their number, at such place
after ten days advertisementiin 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 they may think proper, and
shall make such bylaws. rules and regulations for
the 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
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.
ARTICLEIX
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, hereby constituted the first
Board of Directors, and invested with all the rights
and powers herein specified, viz:
Ga Breaux, J. Q: Nixon,
c. H. Slocomb X. NJ. Montgomery,
c. I. Howard. 4. Solomon,
L. E. Lemarie, H. B. Foley,
5. L. James, John A. Morris,
G. A. Weed, l. Z. Glenny.
Z. A. Yorke. Edward Barnett,
b. Wallace, 6. G. Garner.
p. o. Hebert, James T. Pace,
ARTICLE XI.
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
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 mortgage, take receive hold and in any man
ner acquire real and personal property; it shall be
capable to cite and be cited, to sue and be sued;
it shall be and is hereby empowered and author,
md tn 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.
ARTICLE XIII.
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 en-
ARTICLE XIV.
The affairs of the association shall be liouidated
by three commissioners, appointed by the stock
holders from among themselves, at a general meet
ing convened for that purpose after the DELAY and
directors; all necessary powers shall be conferred
on them, their compensation and term of ot4ica
shall be fixed, their duties defined and the manner
In which they may be removed 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 newspapers published in
the city, shall have the power to make anv chances
additions or notifications in this act of iDcornSra
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 chance
addition or modification shall be recorded as re,
quired by law. ~
Thus done and passed in nv office at the CITY of
New Orleans aforesaid, on the day, month and
year first above written and in presence of Messrs.
Marcel I. Ducros and Joseph W. Jones' Competent
who hereunto sign their names Will
said parties and me, notary. WIN
Original signed:
c. H. SLOCoMB.
GUS. A. BREAUX, and others.
NJ 7. DUCROS,
J. w. JONES
EDWARD BARNETT, Notary Public.
certify the foregoing to be a true conv ~ a.
or1gnai act extant in my current records 'Ho
In ialth whereof grant these presents under
ny signature and The impress of my seal of Office
It the city of New Orleans, on the fifth daW Of
une eighteen hundred and seventy-one ' Vi
ie9 law5t A'o'@iy ruonc.