New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-06-06
CORPORATIONS,
CHARTER OF The SIXTH DISTRICT AND CAR-
BOLTON RAILROAD COMPANY.
STATE OF LOUISIANA
PARISH OF ORLEANS CITY OF NEW ORLEANS.

PARISH OF ORLEANS, CITY OF NEW ORLEANS.
Before me Pierre Charles Cuvell;er 8 notary pun
&c N and for the ard parish and Suite aforesaid
duly commissioned aud sworn. and n tie presence
Of the witIe sses hereinafter Lame1 and undersisn-
ed, personally CANE and appeared tho persons whose
clared that awaiting themselves of the provisions
Of the laws OF tie State OF louisiana. relative 70
the organization % corporations 10! works ef
public improvements, and 'oT other PURPOSES they
have cC7enanted and agreed, and by inese presents
co covenant and agree, and bind themselves, and
those whom they represent, or who may hereafter
become associated with them, TO form themselves
:nto and cors'.tute CORPORATION ioI the DIRECTS
Irons, and Obligations Following, 10 W.T.:
AaTICLEI
shall he The ''SIXTE DISTRICT and CAERcLLTCN
RAILROAD COMPANY" Tie place OF business and
Orleans N tie parish of Orleans, aDftle State OF
Louisiana.
ARTICLE II.
Tie object ard purpose Tor which this corpora
ton IS established declared 10 he the construct
ing, maintaining and operating CT city railroad
for Carrying passengers from and through the city
CarIol;ton, and vice versa and for that purpose
20 acquire by purchase from The present owners
thereof the rights. titles, interests privileges,
rolling stock, elects and claims Whatsoever OF the
Magazine Street Railroad Company of Jefferson
owners by ordinance No. 1908 Administration Sc
ries adopted April &c. 1873, by the Beard of Admin
is!atoTs of the city of New Orleans, and to have.
possess, enjoy and exerc sc such other incidental
powers and privileges as are now OF may hereafter
De conferred upon said corpora ton by general or
special laws OF the State of Louisiana. ord.
nances of the city Of New Orleans Carrollton:
and 10 own, use, dispose OF. and even ALLEVIATE said
property If they deem proper TO do so.
Provided, however, that the purchase price TO
he paid to -he said OwneIs of Tie Magazine Street
Railroad Company Of Jefferson City shall not
cetd tie sum OF ole hundred and ten thousand
dollars.
ARTICLE III.
The Preside nj of the company shall De the proper
off Ger upon whom eta: oI. and al other legal pro
cess CT notice may be served
ARTICLE ".
The corporate powers OF tbs company shall be
vested III a Board Of Directors, composed of seven
stock holders.
No person shall be eligible to OF rod the Office of
director unless he shall own at the tine OF his
election and during lbs term of office, a: least III
teen shares of the capital stock OF the con- pary.
No two men bers OF the same firm shall st the
same time ho.d eeats in the board; but the owning
by any firm of the requisite number Of at least IF
teen shares shall render any one member thereof
eligible TO seat in tie board.
ARTICLE V.
The capital stock of this company IS hereby
fixed for the present at one hundred and ten thou
sand dollars represented by twenty two hundred
shares OF fifty dollars each. all fully paid. which,
tween the parties Hereto is distributed follows: