New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-11
CORPORATIONS.
CITY OF NEW ORLEANS, STATE OF LOUISIANA.

CITY OF NEW ORLEANS, STATE OF LOUISIANA.
Be it known that the fifteenth day of May,
in he year of our Lord one thousand eight hun
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 Tor themselves
and those whom they represent, who declared
that availins themselvesofthe rights and privileges
granted by and contained in the provisions OF the
statutes the State OF Louisiana relative TO the
ganizaion of corporations in this State they have
covenanted and agreed, and do by these presents
covenant agree and bind themselves ana those
whom they to form themselves INTO, con
stitute and establish corporation or BODY poitc,
for the objects and purposes and under the stlpu-
lations, agreements and regulations hereinafter
set FORTH to wit:
as the LOUISIANA JOCKEY CLUB" and its
domice shall be and is hereby fixed and estab-
for the term OF twenty-five years from this date,
unless sooner dissolved by vote of tliree-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 writs in all suits against the company
ARTICLE III.
The objects and purposes of said assoriation are
hereby declared to be the establishment 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 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, divld
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 wo-thrd5 of the stock holders there
of. Payments the capital stock of said COM
pany shall be made follows, viz ten per cent or
subscription and the balance i'll such installments
as the directors, from time t. tine, may call III,
giving at least fifteen days notice thereof IN two
newspapers published in the city of New Orleans,
and the failure of any subscriber to pay the
within fifteen days after becoming due, as
aforesaid, tine 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 as
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.
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 as may be selected,
after ten DAYS advertisement in two of the news
papers published in this city and shall hold office
until their successors elected and qualified.
The hoard Tins elected shall AT their first meeting
elect such ohic RS as they may think proper, and
shall make such by laws, 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
70 one VOTE ARTICLE VIII -
The stockholders shall not be 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 *
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 otherwise. The said board shall be
the amount subscribed shall have reached the
aforesaid sum of One Hundred Thousand Dollars.
ARTICLEX
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. o. Nixon,
c. H. Slocomb R. NJ Montgomery,
c. T. Howard, Z. Solomon
L. E. Lemarie, H. B. Foley
:. L. James, John A. Morris
c. A Weed, l. I. Gienny
Robert W. simmons, 7. Heliman,
Z. A. Yorke. Edward Barnett
D. Wallace, G. G. Garner
P. o. Hebert, James 7. Pace,
ARTICLE II.
The failure for any cause to elect directors On
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
ner acquire real and personal property it shall be
capable to cite and be cited. to and be sued;
it shall be and is hereby empowered and author.
lied to make rules bylaws, ordinances and to DO
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 ineOr-
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 Ell
ARTICLE XIV.
The affairs of the association shall he Inundated
by three co umissioners, appointed by the stock.
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 tixed their duties defined and the manner
in which they may be removed their term of
ARTICLE XIV.
The stockholders of the company at general
meeting to be convened Tor the purpose after ten
days notice in two of the newspapers published in
the city, shall have the power to make any changes
additions or notifications in this act of incorpora.
ton, provided that threefourths OF the stock re-
presented s at such meeting shall vote in favorof
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 hrst above written aud in presence of Messrs
Marcel T. Dueros and Joseph W. Jones' competent
who hereuntO sign their names with
said parties and me, notary
Original signed:
C. H. SLOCOMB
GUS. A. BREAUX, and others
III. T. DUCROS,
J. W. JONES,
EDWARD BARNETT. Notary PuhIic
certify the foregoing to be true copy of the
original act extant in my current records
In faith whereof grant these presents under
my signature and the impress of my seal of office
AZ AZ the city OF New Orleans, on the fifth day of
'une eighteen hundred and seventy-one.
je9 law5t "''-''