The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-08-09
CHARTER.
STATE OF LOUISIANA.
CITY OF NEW ORLEANS

pEIT KNOWN, THATo NTHIs TENTHDAY
- Of July, 1877. before me. Antoine Abut. u
notary public duly commissioned and sworn
in and for the parish Of Orleans, personally
who declared that they formed themselves into
and constituted themselves " corporation, In
accordance with the laws Of this State relative
TO tine organization OF corporations for W Jrks
Of public improvement. under the following
charter Of incorporation, to Wit
be coMn la TRaN VI GoRMPhNY and
the city OF New ny. Orleans Is chosen us the place
q. The purpose for which IT Is established Is
the building. constructing, maintaining and
operating railroads within the limits Of the
talon d goods. wares merehandse, grain, cot
ton and oil other articles ofinght or com MERGE
from one part q the, city to another; the ac-
Legislature, or the municipal authorities. or by
purchase. lease contract. or otherwise, from
grantees a fg; Pfyegss and
BE- conferred, that may be desirable or neceg-
sary for that end; and the nature of its bust
ness will be the effecting Of such transportation
BY steam rower or otherwise; and the. Pres-
dent and Vice President are designated, rs the
officers on whom citation may be served;
Thousand dollars, divided into one hundred
shares Of one hundred dollars each. to DO full
paid r. HI THE = sttt5ferAtt II. -,
be vested In, and exercised by. u board Of di-
rectors, TO consist Of five stoekhold rs. Of whom
three shall constitute a quorum, and who shall
designate 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-
yided. that q failure from any cause use to elect
directors on the day nxcd shall not dissolve the
corporation that the directors and other officers
shall hold over till their successors arc duly
elected, The annual meeting OF the stoekh9,ld-
ers shall take place at the same time ana place
as the election of directors. Special meetings
Of the .atockhoders, shall be- held whenever
ordered by the President called for by request
OF Ave stockholders after o ten-days' notice.
S. This corporation shall have and enjoy snc,,
| cession by their corporate name for the period
Of twenty five years and at the termination OF
this chatter. or ut any time when the liquidation
Of the affairs OF the company snail have been
decided upon by majority Of the stock
| holders in number and amount Of stock, the
said majority Of stockholders shall elect three
| Of their own number, who shall be styled liqni,
be to sell and dispose OF all the, properly
and assets Of the company, collect oil debts due
| to the same, and. after payment Of the debts and
cecds among the stockholders in proportion to
| their respective shares.
9. The following named persons shall eonsti;
| tute the first board Of directors ana shall hold
office until the second Tuesday, OF April, 1878.
and until their suecessors are duly elee,e 60, y
JAMES &. cLARKE 6. i. CoNRAD, WfLLIAM
ALEXANDER GORDON. They shall at their
| first meeting elect q President and Vice Presl-
dent The President shall preside ut 81 meet
| ings of the company and of the board Of d.
| rectors, and shal conduct the business of the
company generally under the SUPERVISION of
| sence or inability to serve his duties shall de-
yolve upon the Vice President The President
ployes Of the association; he shall sign, all con
| tracts and other papers. The board OF d.
rectors shall have, power TO I'LL all vacancies
| the board Of directors shall constitute " quo
rum for the transaction Of business. and any
decision OF such majority shall constitute u
| In case OF q tic vote the President shall have
the ca. ting vote. The board Of directors shall
persons employed in the service Of the company;
They arc hereby cmDowed to make, frane ana
| adopt such bylaws, rules and regulations as
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. 70 contract ana DC
contracted with, TO and be sued, to hold. re-
ceive. purchase, mortgages and convey property
real and personal ana I'll rights: franchses
powers and privileges f9r BUILDING ama INT
Dortation Of freight through the streets Of New
Orleans, whether the same be conferred by the
State Of Louisiana or the city OF New Orleans
tions or individuals, and they are specially au-
thofized 10 borrow money for the purchase oi
chises as may be requisite for the purposes Of
this corporation and for the construction and
equipment of their railroad and secure the
punetua repayment of the same by hypoheca-
ton and mortgage OF any or Gil the property,
tracks, railroads built or to be constructed. and
franchises.
I. No stockholder shall ever be made liable or
responsible for the contracts or faults OF this
association iii any further sum than the unpaid
owned by him !; nor shall any mere informally
in organizing have the effect Of rendering this
charter mil or Of exposing any stockholder to
any liability beyond the amount OIL his stock.
g. The stockholders OF this company, at 9
general meeting to be convened for that p.ur.
pose, shall have fu power to make any mo ~
corporation, or to dissolve it with the assent o.
three fourths Of the stockholders in amount g
stock represented at such meetings. Any 5uct
notifications. additions. changes or dissolution
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 anc
Alcee Fortier, witnesses OF lawful age and dom
cated In this ety who hsreunto sign thel
me the said notary. after the reading hereof
Three words interltned:
| - '''''' ~ ADOLpHE sCHREIBER.
\ VII N,IL hiGB 4: OSBORN.
JAMES Fsr IRm dSo y; Alex Al Gordon
4 sru} Efi s1lssi y fi A;f!' Gordon GORDON
Il Per pro. W. Alex. Gordon.
| JAMES o. CLAIM w.
w. ALEX. GORDON,
" oscAR j. FoRsTALL.
| ALCEE FOkTIER.
A. ABAT. Notary Public.i
!, the undersigned Recorder Of Mortgages II
land 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 origina
act Of incorporation this day, duly recorded j
my Office according to law, in book 152. foil
lac.
| New Orleans, July 10. 1877. -
j. G.. RICHARDSON,
| Deputy Recorder.
I do hereby certify the fore going to be tru
J and faithful copy Of the original act Of recor
and on file in my office.
. Witness my hand and SEAL at New Orlean.
this tenth day OF July, A. D. 1877.
iy11 At law A. ABAT. Notary Public.
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