New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-06-30
CORPORATIONS.
QUARTER
CITY OF NEW ORLEANS, STATE OF LOUISIANA.

Be it known that on the fifteenth day of May,
in the year OF our Lord one thousand eight hun
dred and seveuty-Oue, before me, Edward Barnett,
a notary public IA and for the parish of Orleans,
city OF New Orleans and state of Louisiana atOre.
said duly commissioned and sworn, personally
came and appeared the parties whose NAMES are
hcrcunto subscribed, stipulatlng for themselves
and those whom they represent, who declared
granted by and contained in the provisions OF the
statutes ofthe State of Louisiana relative TO the or
gauHatIun Of corporations in this state, they have
uuvruauted and agreed, and do by these presents
covenant, agree and bind themselves, AMI those
whom they represent to form themselves into, con
stitute and establish a corporation or body polite,
for the objects and purposes and under the stlpu-
lations, agreements aud regulations hereinafter
''' ''''"' ~ ARTICLE I.
This corporation shall be known and designated
az the LOUISIANA JOCKEY CLUB and its
domiCile shalt be and is hereby hxPd and estab-
hshed in the city Of New Orleans. 1t shall exist
for the term OF twenty-five years from TINS date,
unless dissolved by vote OF tl'ree-fourths
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 H.
The objects and purposes Of said association are
hereby declared TO be the establishment of a race
course for the advancement of racing and the i'm
pruvrment OF the breed OF horses; the establish
mtnt of clubhouse for the social enjoyment Of
its members and such other purposes in cOnnec.
ton Herewith may be designated by the Board
ARTICLE w.
The capital stock Of the said association is fixed
at The .Ilin of one hundred thousand dollars dvid.
cd into shates of one hundred dollars each, which
capital stock may lie increased to an ahonnt not
TO exceed two hundred aud nifty thousaad dollars,
by vote of two-thrds of the stock hAders there
OF. Payments on the capital stock OF said com
pany shall be made follows, viz ten per cent on
as the directors, from time t. time, may call in
giving at least fifteen days nOtCe 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 tue, as
aforesaid, the stock and any payments made
thereon may he declared forfeited by vote of
the Board of Directors.
ABrIOLE '.
The association may 80 into operation as soon as
fifty thousand dollars Of the stock shall have been
ssubscribed .sr,c,vv r
For the purpose Of carrying out its objects, the
! association shall have the right TO purchase or
| lease Iwhatevs1 grounds and buildings may be
u'''ii'' nc ARTICLE VII
There sLall be elected annually, on the second
| Monday 81 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 adveTtBement.in two of the news
papesn published in this city, aud shall hold Office
| untd 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 by-laWs, rules aud regula for
the government of tine association aud 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 damage incurred by said association be-
| yOnd the amount of capital stock held aud owned
| by him or them respectively
ARTICLE TX
All the powers of the said association shall be
vested in fhe 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 subscriptions until
the amount subscribed shall have reached the
Aforesaid sum of One Hundred Thousand Dollars.
ARTICLE x.
The following named stocllhOlders elected on
the eighth instant. are hereby constituted the first
Board OF Directors and invested with ali the rights
aud powers herein specified, VIZ:
G.. BreauXt !. " Nixon
C. H. slocOmh, K, NJ Montgomery,
g. T. Howard y. Solomon,
L. y. Lemare, II, b. FOLEY,
T. L. James, Joan A. Norris
Robert ". Simmons, 7. Helllnan,
B.A. Yorke. Edward Barnett,
| D. Wallace, @. g, Garner,
ARTICLE XII
The failure for any cause to elect directors on
| the day when sneh election should have been
held, shall not dissolve the association, but the
directors then in Office ahall hold until their
| successors are elected and qualified
ARTICLE XII.
This corporation shah Do CAPABLE in law to buy
sell, mortgage, take receive, hola ami ia any man.
ner acquire real and personal property; Il shall be
capable 70 cite aud be cited 10 sne ana 81 sued =,
| IL shall be and In hereby empowered ana author.
| lied to make rules bylaws, C1dinances and to DO
aud perform any and everything needed for its
| government and support not repuEnant 10 the
| constitution and laws Of the United states and OF
The state Of Louisiana, aud OF this act d ine0r-
P''@' ARTICLE XIII
The aaid association shall have a seal with such
I device upon the same a. the Board Of Directors
may adopt, and the name OF the association sn
s'''""s 'A9 ARTICLE xiv.
The affairs Of the association shall be liauidatei
by three co imHsi0nera appointed by the stock
holders from among themselves, at general uleet
ing convened for that purpose, after the delay ani
| in the manner pointed out for the election q
direetorsi al necessary powers shall be eonfeTre'
l on them, their compensation and term Of ONE
shall be liked. their dHties defined. and the nanne
N which theg mas be removed OF them term
S'-'' ARTICLE XIV.
= stockholders Of the company, at genera
TO BE- convened Tor the purpose, after TEL
ee r two g s ne se ~,sapsfs paeaisaeS Y
adihcati0us IN this act Of iue0rp0ra
a three-fourths Of the stock r.
aeetiDg shall vote in favor o
e aud any o. such change
shall be reeordsd ~ rs
~.Qaee. at the sigy O
N.Y. month AM
nee Of Mesert
esmaetsss