The New Orleans daily Democrat., 1877-07-12
CHARTER.
STATE OF LOUISIANA,
CITY OF NEW ORLEANS

DE 1T KNOWN. THAT ON THIS TENTH DAY
- OF July. 1877, before me-. Antoine Abat. d
notary public duly commissioned and sworn.
in and for the parish Of Orleans, personally
came and appeared the subscribers hereto.
who declared that they formed themselves into
aea W be ws o
to the organization Of corporations Tor WJrkS
Of public improve ment. under the following
eharter OF incorporaii0n to wit
1. The name and title Of tue corporation shall
be COMMERCIAL TRANSIT COMPANY and
tae a 81, city OF New Orleans is chosen as the place
:, 2. The purpose for which 1t is established is
the building, constructing maintaining and
oReratlPe Fsroaas within the limits Of the
tatlon Of goods. wares, merchandise, grain cot
ton and oil other articles ofireight or commerce
quiring and holding. by grants from the state
Legislature, or the municipal authorities, or by
purchase ls lease e2ntraet or otherwise, from
powers. that may have been, or hereaftermay
be conferred, that may be desirable or neces-
ness will be the etfecting OF such transportation
by steam newer or otherwise: and the Presi-
dent and Vice President are designated, as the
officers on whom citation may be served.
8. The amount of capital stock Is fixed ut ten
thousand dollars. divided into one hundred
shai es Of one hundred dollars each. to be full
paid ut the time of subscribing.
4. The corporate powers OF the company sha,1
be vested in and exercised by. u board of df-
three shall constitute quorum, and who shall
designate a president and vice president out of
their. own number. They shall be elected by
year. at the domicile of the company and each
stoekhoider shall be entitled to one vote for
each share of full paid stock he may hold pro-
vided, that q failure from any cause to elect
directors on the day fixed shall not dissolve the
corporation that the directors and other officers
sha hod & over tn their successors =. are duly
ers shall take place at the same time ana place
az 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 q ten-days notice.
5. This corporation shall have and enjoy sue,
eession by their corporate name for the period
OF twenty-five years, and at the termination of
this charter or at any time when the liquidation
Of the affairs OF the company shall have been
decided upon by q majority of the stock
holders in number and amount of stock, the
said majority of stockholders shall elect three
dating commissioners, and whose duty it shall
be to sell and dispose Of all the properly
and assets of the company, collect all debts due
to the same, and. after payment Of the debts and
liabilities Of the company. divide the net pro-
aeeds among the stockholders in proportion to
their Tra Respective Pc in,, shares aa ous aau .
tute the first board OF directors and shall hold
office until the second Tuesday of April, 1878.
wit: ADOLPH sCHREiBER, l.. j. HIGBY.
JAMES 6, tlb GhARKE Rla16aE GF CONRAD, a WILLIAM
dent The President shall preside at all meet
ings of the company and Of the board of di-
rectors. and shall conduct the business of the
company generally under the supervision Of
the board OF directors; and in case of his ab
senee, or inability to serve his duties shall de-
shall have power to name all officers or en-
ployes Of the association; he shall sign all con-
tracts and other papers. The board of di-
rectors shall have power to fill all vacancies
that may occur in their number. majority Of
the board OF directors shall constitute quo
rum for the transaction of business, and any
decision OF such majority shall constitute a
In case Of a tie vote the President shall have
the ca, ting 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 rs
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-
ceive, purchase, mortgage and convey property.
real and personal. ana Gil rights, franchises,
powers and privileges for building. maintaining
and operating q 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
tions 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 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 informality
in organizing have the effect of rendering this
any any liability beyond the amount int Of bis stock.
s. The stockholders of this company, at a
general meeting to be convened for that pur-
pose, shall have fuil power to make any modif-
cations, additions or changes in this act of in
corporation, or to dissolve it with the assent Of
thres-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,
in the presence of Messrs. Oscar J. Forstall and
Alcee Fortier, witnesses of lawful age and dom
iciliated in this city, who helreunto sign their
names, together with the said appearers and
me the said notary, after the reading hereof.
Three words interIined.
~ ADoLPHE sCHRE1BER.
Poi, pro, Ernest l.. Forstall.
Il My}15Aa I; HlGBH. 4. OSBORN.
JAMES EsI ENSoTT,' RES Il Alex o0ra0n'
sru4SEszSr RfE RlSS Y tisa: ST. Gordon
c. F. CONRAD, -
7Ahfi Il. AfE2 {: G5AfESS G6kp6S,
Witnesses:
OSCAR J. FORSTALL,
ALCEE FOkTIER.
A. ABAT, Notary Public.
], the undersigned Recorder of Mortgages in
and for the parish of Orleans Sta e Of Louisi-
ana. do hereby cert 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 152, folio
142.
New Orleans. July 10. 1877. -
J. G. RICHARDSON,
Deputy Recorder.
] do hereby certify the foregoing to be true
and faithful cony 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. ID. 1877.
jy1l At law A. ABAT, Notary Public.