The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-08-04
CHARTER.
STATE OF LOUISIANA.
CITY OF NEW ORLEANS

REITKNowN. THALoN THIS TENTH DAY
- of july. 1877, befote me-, Antoine, Abat, u
| in and for the paris h of Orleans, personally
came, and appeared the SUBSCRIBERS hereto,
who declared that they formed themselves into
| and constituted them elves a corporation, in
accordance with the laws of this State, relative
to the organization OF corporations for, works
| of public improve ment. under the following
| charter of incorporation. to wit
hs Sa TR2N 81 S66R3h
the city of New Orleans is chosen as the place
| of Its domicile.
2. The purpose for which it is established is
operating railroads within the limits - Of the
city of New Orleans, for the transpor-
tation Of goods. wares, merchand Sc. grain, cot
| from one part Ct the. city to another the &C.
curing and holding, by grants from the State
Legislature. or the municipal authorities. or by
| grantees all franchises, rights, privileges and
powers, that may. have been. or hereafter may
sary for that end and the nature OF its bust
ness will be the effectng of such transportation
| by steam rover, or otherwise; and the Presi-
dent and Vice President are designated, as the
officers on whom citation may be served
3. The amount of capital stock Is fixed at ten
M dohr dyd edar eo e oes ~ me
paid at the time of subscribing.
A. The corporate powers OF the company shall
rectors to consist of five stockhold rs. of whom
| three shall constitute a quorum. and who shall
designate president and vice president out of
ballot on the second Tuesday of April of each
year. at The domicile of the company and each
each share of full paid stock he may hold pro
vided. that h failure from any cause to elect
directors on the day fixed shall not dissolve the
shall hold over till their successors are duly
| elected. The annual meeting of the stockhold-
shall TAKE place # the time Place
of the stockholders shall be held whenever
ordered by the President OF called for by request
of five stockholders after ten days notice.
s. This corporation shall have and enjoy sue,
eession by their corporate name for the period
Of twenty-five years. and at the Termination OF
of the affairs of the company shall have been
decided upon by majority Of the stock
IN number ahd amount II sosk the
of their own number, who shall be styled liqui
dating commissioners, and whose duty itshal
and assets of the company. collect all debts due
TO thesame. and, after payment of the debts and
liabilities of the company. divide the net pro-
ceeds among the stockholders in proportion to
their respective shares.
6. The following named persons shall consti-
tute the first board of directors. and shall hold
office until the second Tuesday Of April, 1878.
% OR 3nff ssSfffl2ff sRe sffea
a Il x GORDON Thes shall i at their
first meeting elect President and Vice Presl-
dent The President shall p preside at all meet
rectors. and shall conduct the business of the
company generally under the SUPERVISION Of
volye upon the Vice President. The President
shall have, power to name all officers or en-
ployes of the association; he shall sign all con-
rectors shall have, power to fill gil vacancies
the board of directors shall constitute a quo
rum for the transaction of business. and any
decision of such majority shall constitute
In case of tie vote the President shall have
the casting vote. The board of directors shall
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
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-
ceive, purchase. mortgage and convey property, |
real and personal. ana all rights. franchises,
and privileges for f
portation of freight through the streets of New
Orleans whether the same be conferred by the
and whether the same be conferred on corpora
tons or individuals. and they are specially au..
tho5ized 10 borrow money for the purchase OF
such real estate, personal property and fran,
chses as may be requisite for the purposes of |
this. corporation and for the construction and
equipment of their railroad, and secure the
punctual repayment of the same by hypotheca-
ton and mortgage of any or all the property, |
tracks. railroads built, or to be constructed. and
7. No stockholder shall ever be made liable or
responsible for the contracts or faults OF this
association in any further sum than the unpaid
balances due to the company on the shares |
owned by him; nor shall any mere informally |
in organizing have the effect of rendering this
any liability beyond the amount Of his stock
8. The stockholders OF this company at a
general meeting to be convened for that pur-
hnxrn To In
cations. additions or changes in this act of In.
corporation. or to dissolve it with the assent Of
stock represented at such meetings. Amy such
notifications, 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.
A!eee Fortier, witnesses of lawful age and dom
iciliated in this city, who hereunto sign their !
names. together with the said appearers and
me, the said notary, after the reading hereof.
Three words interlined.
ADOLPHE sCHRBIBER,
Per 1 Pro Ernest L. Forstall.
WILLIAM Il. OSBORN,
1,,,1 Per n RTo " Alex. Gordon.
sTUY EsE sAS i fI k;ft' o0fa0h'
Per pro W. Alex. Gordon.
JAMES G. CLARKE
W. ALEX. GORDON.
Witnesses:
OSCAR j. FORSTALL,
ALCEE FORTIER.
A. ABAT, Notary Public.l
], the undersigned Recorder of Mortgages in
and for the parish of Orleans. Stafe of Louisi-
ana, do hereby certi that the within and fore |
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
and faithful copy of the original act OF record |
and on file in my office.
Witness my hand and SEAL at New Orleans |
this tenth day of July A. d. 1877. !
jy11 At law a. ABAT Notary Public. |
JAMES L1NGAN'
ATTORNEY AND COUNSELLOR AT LAW,