The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-07-25
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CHARTER.
-
STATE OF LOUISIANA.
CITY OF NEW ORLEANS

| REIT KNOWN. THAT ON THIS TENTH DAY
notary public. duly commissioned and sworn,
In and for the parish of Orleans, personally
d tsav the ss1
and constituted thems elves D corporation, in
accordance with the laws of this State. relative
| to the organization OF corporations for works
charter Of incorporation to wit
TIE nae t and title Ct the eorp9rahl2p sha
the city OF New Orleans is chosen as the place
Q. The purpose for which IL is established Is
| the building, constructing, maintaining and
operating railroads within the limits of the
city Of, hew Orleans, for the transpor
| ton and oil other articles ofireight or commerce
from one part ct the, city to another;, the ac-
curing and holding, by grants from the State
grantees ali franchises, rights privileges and
hs ass be ss IF %
sary for that end and the nature OF Its busi-
ness will be the effecting of such transportation
| dent and Vice President are designated, as the
officers on whom citation may be served;
The Of Ga4l stock Is zed at ten
| shares of one hundred dollars each, to be full
paid ct the time Of subscribing.
be vested In. and exercised by. board of d.
rectors, to consist of five stoekhold rs, OF whom
three shall constitute o quorum, and, who shall
| their own number. They shalt be elected by
ballot on the second Tuesday of April Of each
year ct the domieile of the company. and each
| each share of full paid stock he may hold; pro-
yided, that = failure from sny cause to elect
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 ana place
as the election of directors. Special meetings
OF the ,stoekholders shall be held whenever
ordered by the President called for by request
| of five stockholders, after q en-days' notice.
| g. This corporation shall have and enjoy sue
cession by their corporate name for the period
this charter. or ut any time when the liquidation
OF the affairs of the company shall have been
oders p2 nn H and Of Sock he
said majority of stockholders shall elect three
of their own number, who shall DO styled liqui..
be to sell md dispose OF all the properly
| and assets Of the company. collect all debts due
t2 th9 same and after payment Of the debts and
eeeds among the stockholders in proportion to
their respective shares
6. The following named persons shall eonsti-
tute the first board Of directors and shall hold
office until the second Tuesday, Of April, 1878,
and until their suee,essors gre duly cleo 70
JAMES 9; CLARKE. q 4 GoNRAD,' WiLIlAM
ALEXANDER GORDON. ,Thev shall at their
dent. The President shall preside ut all meet
fngs Of the company and Of the board of d.
rectors and shall conduct the business of the
company generally under the supervision Of
the board Of directors; and in case Of his ab-
sence, or inability to serve. his duties shall de-
volye uponth Vice President. The President
shall have power to name all officers Or en-
ployes Of the association he shall sign oil con-
tracts and s other papers. Tns ne board OF d.
that may occur in their number. A majority Of
the board of directors shall constitute @ quo
rum for the transaction of business, and any
decision of such majority shall constitute q
valid corporate act.
=, In case OF tie vote the President shall have
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
they may deem requisite for the interests of the
company and the transaction OF its business.
They are authorized and empowered. in, tho
name of this corporation. to contract and be
acted with, to sue and be sued, to hold, re-
ceiye. purchase. mortgage and convey property.
real and personal. and gill 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 be conferred on corpora
tons or Individuals and they are specially au-
thor lied 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 repayment of the same by hyDotheca-
ton and mortgage OF any or all the property,
franchises.
mo 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 |
charter null or of exposing any stakeholder to |
any Liability beyond the AMOUNT OF his stock:
general a1 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
three fourths of the stockholders in amount of |
stock represented at such meetings. Any 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
Alcee Fortier, witnesses of lawful age and dom
iciiated in this city, who hereunto sign their
names. together with the said appearers and |
Three words interlined.
Original signed:
Per pro. Ernest l.. Forstall.
HI 1; hlSi 4 OSBORN,
JAMES RsF I ne, Y, Alex. Gordon
srU{ IF RzS; u Fi h!fE' Gordon
n Per Pro. ". Alex. Gordon.
VINES Il. AEhG {: G G6hB6E,
OSCAR j. FoRsTALL,
ALCEE FORTIER.
A. ABAT, Notary Publie.l
J., the undersigned Recorder of Mortgages in
and for the parish of Orleans, State of Louisi
ana, do hereby certify 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 152, folio
l42.
~" - '-'''7' . 'i' j. J. G.. RICHARDSON.
Deputy Recorder.
do hereby certify the foregoing to be true
and faithful copy of the original act Of record
a M a in INV |