New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-09
CORPORATIONS.
CHATTER, .- CHARTER
CITY OF NEW ORLEANS, STATE OF LOUISIANA

Be il 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 awaiting themselves rights and privileges
granted by and contained in the provisions of the
statutes ofthe State of Louisiana relative to the
ganizati0n 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 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 its
domicile shall be and is hereby fixed and estab-
hshed in the city of New Orleans. 1t shall exist
for the term OF TWENTY-FIVE years from this date
unless sooner dissolved by vote Of tLree-fourths
of the stockholders thereof.
ARTICLE II.
The president, or in his absence the secretary
of the company shall he the proper person on
whom to serve citations or all other legal docu-
menIs writs in all suits against the company.
-. ARTICLE III.
The objects and purposes of said association are
hereby declared to he 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 may be designated by the Board
of Directors.
The capital stock of the said associatonis fxed
at the sum of one hundred thousand dollars, dvid-
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 vote of two thirds of the stockholders there
Of Payments on the capital stock of said CON-
pany shall be made as follows viz: ten per cent
subscription and the balance in such installments
as the directors, from time u 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 be declared forfeited by a vote of
the Board of Directors.
ARTICLE V.
The association NAV 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 or
lease swhatever grounds and buildings may be
deemed necessary.
There shall be elected annually, on the second
NCflay OF Nav a Board of Directors consisting
of twentv-oue members who shall be chosen by
the stockholders from their plumber, at such place
in the city of New Orleans as may be selected,
papers pub ished in this city, and shall hold Office
until their successors are elected and qualified.
The board thus elected shall lat their first meeting,
elect such officers as they may think proper, aud
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
election OF the board each share being entitled
to one vote.
The stockholders shall not be responsible for
or incurred
vond the amount of capital stock held and owned
by him or them respectively
ARTICLE TX.
All the powers of the said association shall be
vested 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 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. y. nixon,
c. H. Slocomb, K. VI. Montgomery,
c. T. Howard. Z. Solomon,
L. L. Lemarie, II. b. Foley,
= l. James, John A. Morris,
c. 4. Weed, ]. Z. Glenny,
Robert W. simmons, T. Hellman,
E. 4. YOrke. Edward Barnett
u. Wallace, q. g. Garner,
?. Q. Hebert, James I. Pace,
AhllCLE Al.
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 mort gage, take, receive, hold and in any man
ner acquire real and personal property; it shall be
capable cite and be cited, TO sue and be sued
il shall be and is hereby empowered and author.
ized to make rules, bylaws, ordinances, and to 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-
poratlon. - -
The said association shall have 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
by three co nmissiOners, 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 manner
in which they may be removed or their term OF
ARTICLE XIV.
The stockholders of the company, at general
meeting to be convened for the purpose, after ten
davs' notice in two of the newspapers published in
the city shall have the power to make any changes,
additions notifications in this act of incOrpOra-
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 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, and 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. H. SLOCOMB
GUS. A. BREAUX, and others,
NJ. T. DUCROS,
J. W. JONES
EDWARD BARNETT, Notary Public.
certify the foregoing to be q true copy of the
original act eXtant in my current records.
In faith whereof | grant these presents under
TIM. irannon sntn