New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-06-01
...CHARTER.
CHARTER. .............o.....Ct CHARTER.
CHARTER OF THE SIXTH DISTRICT AND CAB.
ROLLTON RAILROAD COMPANY.
STATE OF LOUISIANA.
PARISH Or ORLEANS CITY OF NEW ORLEANS.
NHARTER......

Before me, Pierre Charles Cuvellier, notary pub
lie in and for the city and parish and state
duly commissioned and sworn, and in the presence
of the witnesses hereinafter named and undersign-
ed personally came and appeared the persons whose
names are hereunto subscribed VINO severaiiy de-
cared that. availing themselves of the provisions
of the laws of the State of louisiana relative to
the organization Of corporations for works OF
public improvements, and for other purposes they
have covenanted and agreed, and by these presents
do covenant and agree. and bind themselves, and
those whom they represent, or who may hereafter
into and constitute corporation for the objects
and purposes, and under the stipulatiOns. yeguls-
tons, and obligations following. to wit:
ARTIcLEL.
The corporate name and title OF this corporation
shall be the sixth DISTRICT AND CARROLLTON
RAILROAD COMPANY The place of business and
legal domicile thereof shall be the city Of New
Orleans in the parish OF Orleans, and the 81 ate Of
Louisiana.
The object and purpose tor which this corpora.
ton is established declared to be the construct
ing maintaining and operating. of city railroad
for carrying passengers from and through the city
of New Orleans to or through the city OF
Carrollton,. and vice versa and for that purpose
to acquire by purchase from the present owners
thereof the rights. titles interests. privileges,
franchises, property, real and personal. live and
Magazine Street Railroad Company of Jefferson
City, including the privileges granted to said
ries adopted April %, 1873 by the Board of Admin
strators Of the city of New Orleans, and to have,
possess enjoy and exercise such other incidental
powers and privileges as are now or may hereafter
be conferred upOn said corporation by general or
special laws OF the State of Louisiana, Ordi
nauces of the city Of New Orleans or CarrolltOn;
and to own use, dispose OF. and even ALLEVIATE said
propertv if they deem proper to do so.
Provided, however, that the purchase price to
be paid to the said owners of the Magazine Street
Railroad Company of Jefferson City shall not ex.
coed the SUN OF one hundred and ten thousand
dollars.
ARTICLE III.
The President of the company silaii be the proper
officer upon whom citation and all other legal pro-
cess OF notice may be served.
ARTICLE ".
The corporate powers Of this company shall be
vested in q Board of Directors composed OF seven
No De rson shall be eligible to or hold the office of
director unless he shall own. at the time o! his
election and during his term of Office, at least hf.
teen shares of the capital stock of the company.
No two members OF the same firm shall at the
same time hold seats in the board; but the owning
BY any firm Of the requisite number of at least tf'
teen shares shall render any one uember thereof
eligible to q seat in the board.
ARTICLE V.
The capita. stock Of this company Is hereby
fixed for the present at one hundred and ten thou.
sand dollars, represented by twenty-five hundred
shares of fifty dollars each, all fully paid, which,
in conformity with the previous agreement be-
tween the parties hereto is distributed aS follows: