The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-07-19
CHARTER.
STATE OF LOUISIANA,
CITY OF NEW ORLEANS
REIT KNOWN. THAT ON THIS TENTH DAl

| RE IL KNOWN THAT ONTHIS TENTH DAY
notary. public. duly commissioned and sworn.
in and for the parish of Orleans, personally
e bey h ored sss n
and constituted them: elves u corporation ia
accordance with the laws of this State. relative
Of public Improvement. under the following
| charter OF incorporat ion to wit .
Pas qna f S 81 h and
tn, t city Of New Orleans is chosen as the place
q. The purpose for which it is established is
operating railroads within the limits OF the
city Of IF aey ,s Orleans for the traInspor-
| ton and all other articles ofireight or commerce
from one part ,of the, city to another; the ao-
LEGISLATURE or the municipal authorities or by
purchase. lease, contract, or. otherwise from
grantees. all FRANCHISES En- rights privileges and
| be conferred, that may be desirable or nnces-
sary for that end: and the nature of It's bust
| by steam power or otherwise: and the Pres-
dent and vice President are designated, as the
officers on whom citation may be served;
.. The amount of capital stock is liked at ten
| thousand dollars, divided Into one hundred
shal es OF one hundred dollars each, to be full
| paid at the time of subscribing.
4. The corporate powers Of the company shall
be vested in. and exerci- ed by. Q board OF di-
rectors, to consist of five stoekhod re- Of whom
| three shall constitute a quorum. and who shall
| designate a president and vice president out OF
| their own number. They shall be elected by
ballot on the second Tuesday of April of each
| stakeholder shall be entitled to one vote for
each share of full paid stock he may hold; pro-
directors on the day fixed shall not dissolve the
corporation: that the directors and other officers
shall hoa over TIL their &C p are day
ers shall take place ct the same time and place
as the election Of DIRECTORS Special meetings
| of the Stockholders shall be. held whenever
ordered by the President or called for by request
of FIVE stockholders, after ten days, notice.
s. This corporation shall have and enjoy sue,
of twenty 1--we years, and at the termination OF
this charter, or at any time when the liquidation
decided upon by G aRorty s Of the ss stock
holders in number and amount Of stock, the
| said majority Of stockholders shall elect three
OF their own number who shall be styled liqui,
| dating coInmissi oners, and whose duty it shall
be to sell and dispose of al the, properly
the 81 and aerp des and
liabilities of the company. divide the net pro-
eeeds among the stockholders in proportion to
g. The following named persons shall eonsti;-
tute the first board Of directors and shall hold
office until the second Tuesday, Of April, 1878
VT r <; APoIFH SGHFEiBER G HIdB7
lamps GhARK na6aE CONRAD i WILLIAM !, 4, II
first meeting elect q President and Vice Presi-
dent. The President shall preside at all meet
ngs Of the company and q sh h board Of a.
company generally under the SUPERVISION Of
the board Of direftos and in case Of bis ab
vove the Vice Presden o1S 5a
shall have power to name all officers or en-
ployes of the association he shall sign al con-
tracts and other papers. The board of d.
rectors shall have power to fill oil vacancies
that may occur in their number. majority Of
the board boa Of directors sh e constitute quo
decision OF such majority shall constitute q
valid corporate act
the casting vote. The board of directors shall
fix the amount OF compensation. or salary. OF oil
persons employed in the service of the company;
They are hereby empowed to make, frame and
adopt such bylaws. rules and reg alations as
they may deem requisite for the interests Of tho
| company and the transaction OF its business.
They are authorized and empowered, in the
name of this corporation, to contract and be
Ceiye, purchase, mortgage and convey property,
real and personal, and oil rights, franchises,
powers and privileges for building. maintaining
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.
tons or individuals. and they are specially au.
tbotized 10 borrow money for the purchase OF
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 repay ment of the same by hypotheca-
ton and mortgage of any Or all the property,
tracks. railroads built, or to be constructed. and
franchises,
| 7No stakeholder shall ever be made liable or
responsible for the contracts or faults of this
association in any further sum than the unpaid
tstlances due to the company ON the shares
owned by him; nor shall any more informally
in organizing have the effect of rendering this
liability beyond the amount Of his soek
g. The stockholders Of this company ut O
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 it with the assent Of
three fourths Of the stockholders in amount Of
stock represented at such meetings. Any such
| mod fcations, 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,
| in the presence Of Messrs. Oscar J. Forstall and
Alcee Fortierr, witnesses of lawful age and dom
names. together with the said appearers and
me. the said notary. after the reading hereof.
Three words Dteriined.
| ADOLPHE SCHREIBER,
Per 1 PRO Ernest L. Forstail.
| WILLIAM II. OSBORN,
JAME Rsr E gI9 Y. Alex Gordon.
Per pro W. Alex. Gordon.
| G. F. CONRAD,
JAMES G. CLARKE,
W. ALEX. GORDON,
oscAR j. FoRsTALL.
ALCEE FOkTIER.
A. ABAT. Notary Public.
| J., the undersigned Recorder of Mortgages in
| and for the parish of Orleans, Stae Of Louisi-
| ana do hereby certi y that the within and fore
| going is 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 for' going 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.
lyl1 At law A. ABAT Notary Public
COPARTNERSHIPS.
T1HE COMPREHENSIVE HERETOFORE EX-
II wa nlorc nI tho