New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-08
CORPORATIONS.
CITY OF NEW ORLEANS, STATE OF LOUISIANA
CHARTER.

CITY OF NEW ORLEANS, STATE OF LOUISIANA
Be it 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 and for the parish of Orleans
city of New Orleans aud 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 awaiting themselves ofthe fights and privileges
granted by and contained in the provisions of the
statutes 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 represent, to form themselves into con-
stltute and establish corporation body polite,
for the objects and purposes and under the stipu-
lations, agreements and regulations hereinafter
set forth, to wit:
ARTICLE I.
This corporation shall be known and designated
as the LOUISIANA JOCKEY CLUB" and its
dOmieile 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,
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 all OTHER legal doeu-
mentsor WrIts IN all suits against the company.
ARTICLE Ill
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
provement OF the breed of horses; the establish
ment of a clubhouse for the social enjoyment of
its members. and such other purposes in connec-
ton Herewith as 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 diyid:
ed into shares of one hundred dollars each which
capital stock may be increased to an amount not
to exceed two hundred and fifty thousand dollars
by a vote of twO-thirds of the stOc holders 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 installments
the directors from time t. tin e. may call in,
giving at least fifteen days notice thereof i'll two
newspapers published in the city of New Orleans,
and on the failure of any subscriber to paw the
same within fifteen DAYS after becoming due as
aforesaid, the stock and any payments made
thereon may be declared forfeited by a vote of
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 ont its objects the
association shall have the right to purchase or
lease swhatever 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 may be selected
after ten days advertisement in two of the news
papers pub isbed in this city, and shall hold office
until their successors are 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 of the association and the election
of members as they may deem necessary. 1t shall
require majority of the stock voting to constitute
oil f1,ah -l,n
to one vote.
The stockholders shall not he responsible for
losses damage incurred by said association be-
vond the amount of capital stock held and owned
by him or them respectively.
ARTICLEIx
All the powers of the said association shall be
sed 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 10 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;
c. Breaux J. o. Nixon
C. H. SlocOmb, R. VI. Montgomery,
c. T. Howard L. Solomon,
L. E. Lemarie, H. B. Foley
5. L. James, John \. Morris,
C. A Weed |, E. :, Glenny
+. A. Yorke. Edward Barnett,
ID. Wallace G. G. Garner
P. o. Hebert James 7. 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 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
ler acquire real and personal property; it shall be
'apable TO cite and be cited, 10 sue and be sued;
t shall be and is hereby empowered and author
zed to make rules, bylaws, ordinances and to do
md perform any and everything needed for its
government and support not repugnant to the
constitution and laws of the United states and of
he State of Louisiana, and of this act of incor-
,oration.
The said association shall have a seal with such
leyice upon the same the Board of Directors |
nay adopt, and the name OF the association en- |
ARTICLE XIV.
The affairs of the association shall be liquidated
" three co umissiOners, appointed by the stock |
folders from among themselves, at general meet |
ns convened for that purpose, after the delay and
II the manner pointed out for the election of |
directors; all necessary powers shall be conferred |
n them, their compensation and term of office |
hall be fixed, their dutes defined and the manner
. which they may be removed or their term of |
flee renewed.
ARTICLE XIV
The stockholders of the company at a general |
Meeting to be convened Tor the purpose, after ten
avs notice i'll two of the newspapers published in
he city, shall have the power to make any changes
editions notifications in this act of incOrpOra-
ion, provided that three-fourths of the stock re-
resented at such meeting shall vote in favor of
UGH proposed measures, and any of such change
EDITION modification shall be recorded
uired by law.
Thus done and passed in nv office, at the city of
ew orleans aforesaid, the day, month and
ear first above written and in presence of Messrs
Iarcel T. DucrOs and Joseph W. Jones, competent
illnesses, 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. JONES,
EDWARD BARNETT Notary Public.
certify the foregoing to be true copy OF the
rlgnal act extant in my current records.
In faith whereof l grant these presents under
~ signature and he impress of my seal of office,
the city of New Orleans, on the fifth day OF
lne, eighteen hundred and seventy-one.
RARNETT Notarv Puhlic |