The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-08-10
CHARTER.
STATE OF LOUISIANA.
CITY OF NEW ORLEANS

came. and appeared the Subscribers hereto.
who declared that they Termed themselves into
accordance with the laws OF this State relative
to the organization OF corporations for fks
of public Improvement. under the following
charter of incorporation. to wit
he Ths naps and 9 # s tha shall
the city OF New Orleans Is chosen as the place
of its domiole
2. The, purpose for which 1t is established Is
operating railroads within the limits Of the
city OF New Orleans for the Transport
tation Of goods wares, merchandise grain, cot
from one part CT the city to another. the ae-
curing and holding. by grants from the State
Legislature. or the municipal authorities. or by
purchase. Lease. contract, or otherwise, from
grantees all franchises, rights, privileges and
powers, that MAJ, have been. or hereafter may
sary for that end; and the nature OF its Y bust
ness will be the effecting of such transportation
by steam rowe no5wer or otherwise; and the Presi-
officers on whom citation may be served.
=, 3. The amount Of capital stock is fixed at ten
THOUSAND dollars. divided, into one hundred
paid at the time OF subscribing.
4. The corporate powers OF the company shall
be vested IN End s1sreised BY board Of di
three shall constitute q quorum, and who shall
designate Il president and vice president out Of
ballot on the second Tuesday u Of AprJ Of eaek
year, ut the domcile Of the company, and each
stakeholder shall be entitled to one vote for
each share Of full paid stock he may hold: pro-
yided. that % failure from any cause TO elect
directors on the day fixed shall not dissolve tho
corporation that the directors and other officers
shall hold over till their successors are duly
elected. The annual meeting Of the stockhold-
ers shall take place at the same time and place
of the stockholders shall be held whenever
ordered by the President or called for by request
of FIVE stockholders, after ten days, notice.
g. This corporation shall have and enjoy sue
Of twenty-flv years and at the termination Of
this charter, or ct any time when the liquidation
Of the affairs Of the company shall have been
decided upon by majority OF the stock
holders In number and amount Of stock, the
Of their own number, who shall be styled Iiqui-.
ing commissioners, and whose duty 1t shall
be to sell and dispose of all the. property
and assets Of the company, collect all debts duo
to the same, and, after payment Of the debts and
liabilities of the company. divide the net pro-
ceeds among the stockholders in proportion to
6. The following named persons shall eonsti-
tute the first board Of directors, ana shall hold
office until the second Tuesday, Of April. 1873,
vii: -ADoLPH sCHREiBEE; i. j. HIGBY:
JAMES 9. CLARKE, G. T. CONRAD, WILLIAM
first meeting elect u President and Vice Presi-
dent. The President shall preside ut oil meet
ines of the, company and Of the board Of d.
company generally under the SUPERVISION Of
the board Of directors; and in case Of bis ab-
yoSe or the
shall have. power TO name all officers or em-
ployes of the association: he shall sign. all con-
rectors shall have power to fill all vacancies
that may occur in their number. majority of
the board Of directors shall constitute o quo
rum for the transaction OF business. and any
decision OF such majority shall constitute u
valid corporate act.
caane q vote The board fe Of dreetors
fix the amount of compensation, or salary, OF all
persons employed in the service Of the company.
They are hereby empowed to make, frame and
adopt such bylaws, rules and regulations as
they may deem requisite for the interests OF the
company and the transaction of its business.
They are authorized and empowered, in the
name of this corporation, to contract and be
contracted with to sue and be sued. to hold, re-
real and personal, ana eli rights. franchises,
powers and privileges for building, maintaining
and operating railroad or railroads for trans
portation of freight through the streets Of New
Orleans. whether the same be conferred by the
State of Louisiana or the city of New Orleans.
and whether the same DC conferred on corpora
lions or individuals. and they are specially au-
such real estate. personal property and fran
chises as may be requisite for the purposes of
this corporation and for the construction and
equipment Of their raj road, and secure the
punctual repayment OF the same BY hypofheca-
ton and mortgage Of any or all the property,
tracks. railroads built. or to be constructed. and
!. No stakeholder shall ever be made liable or
responsible for the contracts or faults OF this.
association n any further sum than the unpaid
balances d, to the. company on the shares
owned by him nor shall any mere infOrmality
in organizing have the effect Of rendering this
charter null or of exposing any stakeholder to
any liability beyond the amount OF his stock.
g. The stockholders OF this company, mt q
general meeting TO- be convened for that pur-
pose, shall have full power to make any modif-
cations. additions, or changes In this act OF in.
corporation, or to dissolve 1t with the assent Of
three fourths of the stockholders in amount Of
stock represented at such meetings. Any such
additions, changes or dissolution
shall be recorded, as required by law.
Thus done and passed at the said city Of New
Orleans. on the day and year first above written,
Alcee Fortier, witnesses Of lawful age and dom
iciliated In this city, who hereunto sign their
names. together with the sid apPearers and
me. the said notary. after the reading hereof.
Three words interlined.
'''''' ADoLPHE sCHREIBER.
Per pro, Ernest L. Forstall.
M II 1. hiSb Il OSBORN,
JAMES tsF E me; + Alex e0r'0n'
srU4yyEEseA lSi i f1 fIfE e0ra0n'
CT. CohnR R2. w. A'0A 'of""n'
J 4 r E 6. G GdkpHE
3 2TGhE + fd H2HfTAIL.
A. ABAT. Notary Publici
7, the undersigned Recorder Of Mortgages in
and for the parish Of Orleans, stare Of Louisi-
ana, do hereby eerti y that the within and fore,
going is a true and correct copy Of the original
act Of incorporation this day duly recorded in
my office according to law in book 1872, folio
142.
New Orleans, July 10, 1877.
J. G. RICHARDSON,
Deputy Recorder.
do hereby certify the foregoing to be true
RECORD
and on file in my office.
Witness my hand and seal at New Orleans
this tenth day Of July, A. d. 1877.
jy11 1T law A. ABAT Notary Public.
.Y4STS1EYsYSRs
e.