The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-07-27
CHARTER.
STATE OF LOUISIANA.
CITY OF NEW ORLEANS

in and for the parish of Orleans, personals
came and appeared the subscribers hereto
who declared that they formed themselves int
| and constituted thems elves n corporation, -
accordance with the laws of this State, reaass
to the organization of corporations for works
| OF public Improvement under the following
charter Of incorporation. to wit
l.. The name and title Of the c2rgoration shall
the city Of New Orleans is chosen as the place
of its domicile.
2. The purpose for which 1t is established is
operating railroads within the limits of the
city of New Orleans, for the transpor-
tatlon OF goods. wares, merchandise, grain, cot
ton and all other articles offreight or commerce
IRON one part Of the city to another; the ac-
curing and holding. by grants from the State
magls5lanre or the municipal authorities. or by
grantees. all franchises, rights privileges and
powers. that may have been or hereafter may
sary for that end; and the nature of Its BUSH
ness will be the effeeting Of such transportation
and Trs or and tue Pres
officers on whom citation may be served.
=, g. The amount OF capital stock is fixed at ten
thousand dollars, divided into one hundred
shal es of one hundred dollars EACH to be full
paid ct the time Of subscribing.
4. The eorperate powers OF the company shall
be vested in, and exercised by, q boardof d-
rectors, to consist of five stockhold RS, of whom
three shall constitute a quorum. and who shall
e own hey Ga Be esee e 9
ballot on the second Tuesday OF April of each
year. at The domicile of the company. and each
each share of full paid stock he may hold pro-
yided that failure from any cause to elect
dreoi on the day Ted shall not dssoge the
shall hold over till their SUCCESSORS are duly
elected, The annual meeting OF the stockhold-
as the election of directors. Special meetings
Of the stockholders shall be held whenever
ordered by the President or called for by request
of i've stockholders, after a ten-days' notice.
s. This corporation shall have and enjoy sue
cession by their corporate name for the period
OF twenty five years, and at the termination of
this chatter. or ct any time when the liquidation
Of the affairs OF the company shall have been
decided upon by majority Of the stock
said majority Of stockholders shall elect three
of their own number, who shall be styled liqui-
dating commissioners, and whose duty it shall
be to sell and dispose of oil the, property
and assets OF the company, collect all debts due
70 tee same and after payment Of the debts and
ceeds among the stockholders In PROPORTION to
their respective shares.
6. The following named persons shall consti-
office until the second Tuesday, of April. 1873,
and until their sueeessors are duly ELECTED, 70
y y AP 6 dfAnk sGHEFB 95SRAD wi HGs
ALEXANDER GORDON. They shall at their
first meeting elect O President and Vice Presi-
ings of the company and of the board of d.
rectors and shall conduct the business of the
company generally under the supervision of
yplye upon the Vice President. ahe President
ployes of the association he shall sign, all con-
tracts and other papers. Inc board of d.
rectors shall have power to fill all vacancies.
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 casting vote; The board of directors shall
persons employed in the service OF the company:
They are hereby empowed to make. frame and
adopt such bylaws. rules and regulations as
company and the transaction OF its business.
They are 4tsthefizea end empowered in the
name of this corporation, to contract and be-
with. to sue and be sued. to hold, re-
ceive, purchase mortgage and convey property,
real and persi2nlasl ana q eli rights franchise
md 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-
10 borrow money for the purchase Of
such real estate, personal property and franz
;hises as may be requisite for the purposes Of
punctual repayment Of the same by hypotheca-
ion and mortgage of any or all the property,
tracks railroads built, or to be constructed, and
T. 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 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.
g. The stockholders of this company, at
pose, shall have full power to make any modif-
cations, additions, or changes in this act Of In
Of the a Of
stock represented at such meetings. Any such
notifications, additions. changes or dissolution
Thus done and passed at the said city of New
Orleans, on the day and year first above written,
I, the presence Of Messrs: Oscar j. Forstall and
ciliated in this city, Who hereunto sign their
names. together with the said appearers and
Three words interined.
Original signed; ,,,, e,,r,nr,nrn
Per pro Ernest l.. Forstall.
Ml 1: h1Sh 4: OSBORN,
5AuF Per ERM a9; Y Alex Gordon.
srU4 RsE glS; VI FISH AIfE' Gordon
CT. f e6SpE E2. ", Alex Gordon
} y afES {. G Gdkb6E -
: 9 S$SAE i fd TeRfTAIL.
A. ABAT. Notary Public.l
I, the undersigned Recorder of Mortgages in
md for the parish of Orleans. stare of Louisi-
INA, do hereby certify that the within and fore
going is a true and correct copy of the original
let of incorporation this day duly recorded in
ny Office according to law, in book 1872, folio
AZ.
New Orleans, July 10, 1877.
J. G. RICHARDSON.
Deputy Recorder.
I do hereby certify the fore going to be true
md faithful copy OF the original act OF record
md on file in my office.
Witness my hand and SEAL at New Orleans
his tenth day Of July, A. D. 1877.
jyl1 At law A. ABAT Notary Public.
OFFICE ST. BERNARD COAL COMPANY,
% Carondelet street. New Orleans. :,