New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-06-27
CORPORATIONS,
CITY OF NEW ORLEANS, STATE OF LOUISIANA

- SO
Be it known that on the fifteenth day of May
| 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 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
that avang themselves of the rights and privileges
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 presents
| covenant. agree and bind themselves, and those
whom they represent, to form themselves into con
stitute and establish corporation or body polite
| for he objects and purposes and under the stipu
| latiOns, agreements aud regulations hereinafter
ARTICLE I.
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
unless sooner dissolved by vote of tiIree-fourths
of the stockholders thereof.
ARTICLE H.
The president or in hishbsence, the secretary
of the company, shall be the proper person on
whom TO serve citations all other legal docu-
ments or writs in all suits against the company.
ARTTCLE1II.
The objects and purposes of said association are
hereby declared to be the esta blishment 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 c0nnec-
ton Herewith as may be designated by the Board
of Directors
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
by a vote of two thirds of the stockholders there
of. Payments on the capital stock of said COM
pany shall be made follows, viz: ten per cent on
subscription and the balance in such insrallments
as the directors, from time = time, may call 1n
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,
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 soon
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 kwhatever 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
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 pub ished in this city, and shall hold office
until their successors elected and qualified.
The board thus elected shall at their first meeting
elect such ofic RS 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
to one vote.
ARTICLE VII.
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 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 or otherwise The said board shall be
authorized to receive further subscription 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.. A BreauX, j. o. Nixon,
c. H. SlOcomb, r. NJ. Montgomery,
c. T. Howard. f. Solomon,
L. E. Lemarie, H. B. Foley
=. L. James, John A. Morris,
Robert W simmons, 7. Heiima6l'
A. H. Peale, Edward Barnett,
D. Wallace G. G. Garner.
P. o. Hebert James T. Pace,
f. A. Yorke.
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 until their
successors are elected and qualified.
ARTICLE XII.
This corporation shall be capable in law to buv
sell, mortgage, take, receive hold and in any man
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.
lied to make rules bylaws, ordinances and to do
and perform any and everything needed for its
constitution and laws of the United States, and of
the State OF Louisiana, and Of this act of incor-
poratlon. .
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 Hquidated
by three CO.. mlssloners, appointed by the stock.
holders from among themselves at a 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. and the
in which they may be removed or their term of
Office renewed
ARTICLE XIV.
The stockholders of the company, at a general
meeting to be convened Tor the purpose, after ten
days notice in two of the wspapers published in
the city shall have the power to make any changes
additions or notifications in this act of incOrpora
ton, provided that three fOurths of the stock re-
presented at such meeting shall vote favor of
such proposed measures, and any of such change
addition or modification shall be recorded re-
quired by law
Thus done and passed in my office, at the city of
New orleans aforesaid, the day, month and
year first above written aud in presence of Messrs
Marcel 7. DucrOs and Joseph w. Jones, competent
witnesses, who hereunto sign their names with
said parties and me, notary.
Original signed
c. H. SLOCOMB,
GUS. A. BREAUX, and others,
NJ T. DUCR0S,
j. W. JONES
EDWARD BARNETT, Notary Public.