The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-07-13
CHARTER.
STATE OF LOUISIANA.
CITY OF NEW ORLEANS


REIT 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
and constituted themselves u corporation. In
acoqfdanee with the laws ct this. State, relative
to the organization OF corporations for, works
Of public Improvement. under the following
charter of incorporation, to wit
be as ha M 2 NJ h
the city OF New Orleans is chosen as the place
OF its domieile
the building, constructing, maintaining and
operating railroads within the limits OF tho
t Fly 81 Of . hey Orleans. for the transpor-
Ton ahd all other articles ofireight or commerce
IRON one part 9i the city to another the ae-
Legislature, or the municipal authorities, or by
purchase. lease. contract, or otherwise, from
grantees u, OIL franchises, rights privileges and
be conferred, that may be desirable or nsces-
sary f9h that end and the nature Of its bust
ness VIII % the Erecting OF such transportation
dent and Vice President are desigpatsd, rs the
officers on whom citation may be served
thousand dollars, divided into one hundred
shales Of ono hundred dollars each, to be- full
paid ct the time of subscribing.
4. The corporate powers Of the company shall
be vested in, and exercised by. o board Of di-
rectorsl to consist Of five stoekhod rig. Of whom
cLtthi 1tHSbtut6 u una VINO SHHII
designate president and vice president out Of
their own number. They shafi be elected by
ballot On the second Tuesday Of April Of each
year, at the domieie OF the company. and each
each share of full paid stock he may hold pro-
directors on the day f1yed 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 STOCKHOLM
ers shall take place at The same time ana place
as the eecti9n Of directors. Special meetings.
Of the to ts shell be BED whenever
of fiys stockholders. after ten days notice
8. This corporation shall have and enjoy sue
cessiou by their corporate name for the period
Of twenty-five years. and .at the termination Of
this charter or ct any time when tho Liquidation
Of the affairs OF the company shall Have been
holders In number and amount Of stock, tho
said majority of stockholders shall elect three
Ct their own number who shell be- styled qui
be to sell and dispose Of oil the property
and assets OF tho company. collect all debts duo
liabilities Of the company, divide the net pre-
eseds among the stockholders In proportion TO
their. respective shares.
tute the first board Of directors, and shall hold
Office until the second Tuesday. Of April, 1878.
a Rbohf f HEE sse day sf ms
JAMES {, CLARKE, 9, Z, CONRAD, WILLIAM
ALEXANDER GORDON. They small at their
dent The President shall preside at ali meet
ings OF the company and Of the board Of d.
rectors+ and shall conduct the business OF tho
the board Of directors: and in case of his alb
senee or in 90, to fsfyg hs duties shall do
shall baye power to name all officers or em-
ployes Of the association no shall sign nil con-
tracts and other papers. The board OF d.
that may occur ia their number. majority of
the board OF directors shall constitute q quo
rum for the transaction of business. and any
TJf huI Itfrte
valid corporate act
In case Of q tic vote the President shalI have
the ca ting vote. The board Of directors shall
fix the amount Of com pensation or salary, oil ali
persons employed in the service OF the company,
They are hereby empowed to make frame md
adopt such bylaws. rules and regulations as
they may deem requisite for the interests Of the
company and the transaction Of It's business.
They are authorized and empowered. In tho
name Of this corporation; to contract and be
contrae ed with TO sue and be sued, TO hold, re-
ceiye, purchase. mortgage and agoyey property.
powers and privileges for building, maintaining
and operating railroad Or railroads for trans-
portation OF freight through the streets Of New
Orleans, whe her the sane be conferred by the
State OF Louisiana or the city OF New Orleans,
and whether tho same be conferred on corpora
lions or individuals, and they are specially atl-
thOtized 20 borrow money for the purchase OF
chises as may be requisite for the purposes Of
equipment OF their rai road, and secure the
punctual repayment Of the same by hyDoheca~
ton and mortgage OF any or oil the property.
tracks. railroads built Or to be constructed. and
franchises,
7. No stockholder shall ever be made liable or
association in any further sum than the 1npai3
balances due to the company ON the shares
owned by him nor shall any mere informaiity
charter null or OF exposing any stakeholder to
any Liability beyond the amount OF his stock.
g. The stockholders Of this company, ct q
general meeting to be convened for that pur-
pose shall have full power TO make any modffi-
cations. additions, or changes In this act Of In
oaps 90 Of g the e assen
stock represented at such meetings. Any such
notifications, additions. changes or dissolution
Thus done and Passed ct the said city OF View
n the presence q Messrs;; Oscar J. Forstall and
iciiiatsd In this city, who hereunto sign their
names. together with the said appearers and
Three words interined.
Original signed:
Per pro. Ernest l.. ForstaIl.
II kI I Lha4aaBHH 4. OSBORN,
JAMES isf HRM ne; Y, Alex Gordon.
srU1 ksE gsS; u fi A5fE' Gordon.
r. r P EGIpg Pre-. ~ ". Alex. Gordon.
viii i. + af sS Z: S S5ap5s.
OSCAR J. FORSTALL,
ALCEE FORTIER.
A. ABATs Notary Public.
], the undersigned Recorder Of Mortgages In
and for the parish OF Orleans. Stae 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 49, folio
142.
New Orleans. July 10. 1877.
J. q. RICHARDSON,
Deputy Recorder.
| do hereby certify the fore going to be a 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.
iy11 t1aw A. ABAT. Notary Public.