New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-07
CORPORATIONS,
QUARTER. - =. - ......-..- CHATTER.
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.
bred 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
and those whom they represent, who declared
that avang themselves of the rights and privileges
ststntes ofthe state Of Louisiana relative to the or
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 repre- sent, to form themselves into
stitute and establish corporation or body polite,
for the objects and purposes and under the stipu-
lations. agreements and regulations hereinafter
set forth, TO wit: -
This corporation shall be known and designated
as the LOUISIANA JOCKEY CLUB" and it's
domicile shall be and is hereby fixed and estab-
lished in the city of New Orleans. 1t shall exist
fol. the term OF Twenty-Five years from this date,
unless sooner dissolved by vote OF three forIrths
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.
81. The objects and purposes of said association are
hereby declared TO he the esta Adjustment 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 cOnnee
ton Herewith as may be designated by the Board
OF Directors. y
The capital stock of the said association is fixed
AT the sum of one hundred thousand dollars, divd
ed into shares of one hundred dollars each, which
capita stock NAV be increased to an amount not
to exceed two hundred and fifty Thousand dollars
BY vote of two thirds of the stockholders there
OF Payments the capital stock OF said COM
PAW shall be made as follows viz: ten per cent on
subscription and the balance in such installments
as the directors, from time t. 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 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.
For the purpose of carrying out its objects, the
association shall have the right TO purchase
lease lwhatever 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 Eho shall De chosen s by
in the city of New orleans as may be selected,
after ten DAYS advertisemenTin two of the news
papers published in this city, and shall hold Office
sOItll their successors are elected and qualified
Tie board thus elected shallat their first meeting,
elect such officers as they may think proper and
shall make such bylaws. rules and regulations for
tie government of the association and the election
of members they may deem necessary II shall
require majority of the stock voting TO constitute
an election OF the board each share being entitled
to one vote. . r.W rt-u
ARTICLE VIII ....
The stockholders shall rot be responsible for
losses damage incurred by said association be.
yond the amount OF capital STOCK held and owned
by him or them respectively.
3 ARTICLE X.
~ 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 subscriptions until
the amount subscribed shall have reached the
Aforesaid sum OF One Hundred Thousand Dollars.
ARTICLE X. t.
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:
G.. A Breaux, J. o. Nixon,
c. H. Slocomb, r. NJ. Montgomery,
c. T. Howard, T. Solomon,
L. f. Lemarie, H. B. Foley,
) l. James, John A. Morris,
c. A. Weed, (. Glenny,
Robert W. simmons, T. Hellman,
E. !. Yorke. Edward Barnett,
u. Wallace, o. Il. Garner,
P O. HebeIt James T. Pace,
ARTICLE II.
The failure for any cause TO elect directors on
the day when such election should have been
ditec1ors then in office shall hold until their
Successors are elected and qualified.
ARTICLE XII.
This CORPORATION shall be capable in law to buy
sell oTigage TAKE Iees6He held sn9 An q any nla
capable 10 cite and be cited, to sue and be sued
il shall be and is hereby empowered and author
ICED 10 make rules bylaws, ordinances, and to do
and perform any and everything needed for its
government and support not repugnant TO the
constitution aud laws of the United states, and of
poration.
The said association shall have a seal with such
device upon the a, the Board of Directors
NAV adopt and the name OF the association en-
ARTICLE XIV.
The affairs of the association shall be liquidated
bv 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
directors all necessary powers shall be conferred
on them, their compensation and term OF Office
shall be fixed their duties defined and the manner
in which they may be removed or their term OF
0-i-~e Wv ARTICLE XIV.
The stockholders of the company, at general
meeting TO be convened for the purpose, after ten
DAYS notice in two of the newspapers published in
tile city. shall have the power make any changes,
additions notifications in this act OF ncorpora-
ton provided that three-feurths of the stock re.
presented al such meeting shall vote in favor OF
such proposed measures, and any of such change,
addition or modification shall be recorded as re-
quired by law.
Thus done and passed in my office, at the city of
New orleans aforesaid, on the day, month and
year first above written aud in presence of Messrs
Marcel T. DucrOs and Joseph W. Jones, competent
witnesses, who hereunto sign their names with
said parties and me, notary.
Original signed:
C. II. SLOCOMB,
GUS. A. BREAUX, and others,
NJ. T. DUCROS,
J. W. JONES,
EDWARD BARNETT, Notary Public.
certify the foregoing to be a true copy of the
Original act eStant in my current records
In faith whereof l grant these presents under
my signature and the impress OF my seal of office
at the city of New Orleans, on the fifth day OF