New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-16
CORPORATIONS.
!HARTER. ......................CH CHARTER.
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 seventy-one, before me- Edward Barnett
| notary public in and for the parish of Orleans
city OF New Orleans and State of Louisiana afore
| said duly commissioned and sworn PERSONAL
| came and appeared the parties whose names are
hereunto subscribed, STIMULATING 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
ganizatiOn of corporations in this State thew 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 a corporation body polite
for the objects and purposes and under the stipu
lations, agreements and regulations hereinaft
ARTICLE I.
This corporation shall be known and designa ed
as the LOUISIANA JOCKEY CLUB" and its
domcile shall be and is hereby fixed and estab
lshed 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 three fourths
of the stockholders thereof.
ARTICLE H.
The president or in his absence the secretary
of the company, shall be the proper person
whom to serve citations all other legal doeu-
ments or writs in all suits against the company.
ARTICLE III.
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
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 OF one hundred thousand dollars, dvid-
ed into shares Of one hundred dollars each, which
capital stock may be increased to amount not
to exceed two hundred and fifty thousand dollars,
by vote of wOth!rds 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 i'll such nstallments
as the directors from time to time, 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 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
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 swhatever grounds and buildings may be
deemed necessary.
There shall be elected annually on the second
Monday of May, a Board of Directors consisting
of twentyOne 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 advertisementfn two of the news
papers published in this city, and shall hold office
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 government of the association and the election
of members as they may deem necessary. II shall
require majority of the stock voting to constitute
an election OF the BOARD each share being entitled
ARTICLE VIII
The stockholders shall not he responsible for
losses or damage incurred by said association be
yOnd 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 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
The following named stockholders elected on
the eighth instant, hereby constituted the first
Board of Directors, and invested with all the ghts
and powers herein specified, viz:
G. H. Slocomb, r. NJ Montgomery,
c. T. Howard. +. Solomon,
L. Z. Lemarie, H. B. Foley
S. L. James, John A. Morris,
c. A. Weed, |. Z. Glenny
Robert " Simmons, T. HelInan
Z. A. Iorke. Edward Barnett
D. Wallace, G. G. Garner
P. o. Hebert, James T. 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 over until their
successors are elected and qualified
ARTICLE XII
This corporation shall be capable in law to buy,
sell, mortgage, take, receive hold and i'll any
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
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'
pOration.
The said association shall have a seal with such
device upon the the Board of Directors
may adopt, and the name of the association en-
ARTICLE XIV.
The affairs of the association shall be liquidated
by 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
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
the city, shall have the power to make any changes,
additions notifications in this act of ncorpora-
ton, provided that three fourths of the stock
presented at such meeting shall vote i'll 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
wear 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
G. 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
OrSnal act eXtanT current records
In faith whereof 1 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
June, eighteen hundred and seventy-one.
EDWARD BARNETT, Notary Public.