The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-07-31
CHARTER.
STATE OF LOUISIANA.
CITY OF NEW ORLEANS

RE1T KNOWN. THAT oNTHIs TENTH DAY
- OF July, 1877. before me. Antoine Abat n
| notary public. duly commissioned and sworn
| in and for tho parish of Orleans, personally
came and appeared the subscribers hereto.
who declared that they formed themselves into
| AMI constituted them.ev n corporation, in
accordance with the laws OF this State. relative
to the organization OF corporations for WI ks
| charter of incorporation. to wit
US apf "a f G 81 s
The city OF New Orleans is chosen as the place
2. The purpose for which IL Is established is
operating railroads within the limits of the
city Of New Orleans. for the transpor-
ton and all other articles ofireight or commerce
from one part Ct tho city to another: the ao-
CURING and holding, by grants from the State
Legislature, or tho municipal authorities. or by
purchase, Lease. contract, or otherwise, from
grantees all franchises, rights, privileges and
hs " ha nave SS' % 4
sary for that end; and the nature Of It's bust
ness will be tho etfeeting of such transportation
dent and Vice President are designated, w. the
officers on whom citation may be served.
:, 2. The amount of capital stock is fixed ut ten
shal es of one hundred dollars each to be full
paid ut the time Of subscribing.
m , Inc corporate powers OF the COMPANY shal
reetors, to consist of five stockhold rs. Of whom
three shall constitute quorum. and who shall
designate a president and vice president out of
ballot on the second Tuesday Of April of each
year ut he domicie OF the company, aud each
stakeholder shall be entitled to ono vote for
each share of full paid stock he may hold. pro-
yided. that q failure from tny cause to elect
directors on the day fixed shall not dissolve the
corporation that the directors and other officers
shall hold over till their Successors are duly
elected, The annual meeting of the stockhold-
as tho election of directors, Special meetings
of the stockholders shall be hold whenever
ordered by the President or called for by request
OF five stockholders after days notice.
r. This corporation shall have and enjoy sue
cessiOn by their corporate name for the period
of twenty-five years. and ut tho termination OF
this char ter. or MT any time whom tho liquidation
of the affairs Of the company shall have been
decided upon ny a majority OF the stock
said majority of stockholders shall elect three
Of their own number, who shall be styled ligui
dating commiss toner's, and whose duty 1t shall
be to sell and dispose of oil the, property
and assets of the company. collect all debts duo
TO the same. and. after payment of the debts and
liabilities of the company, divide the net pro-
their respective shares.
g. The following named persons shall consti- |
Office until the second Tuesday of April 1878. |
w anr APoIrR sGHFEiP 91Sn + H5dbX
iLEXANDER GORDON. Thev shall al II their cir
first meeting elect President and Vice Presi-
inrs of tho company s and IF the b"ard Of 0Gi
roctors. and shall conduct the business of the /
company generally undor the supervision of |
scnco. or inability to serve. his duties shall de-
vnlve upon the Vice President. he President |
shall have, powcr to name all officers or ON
ploycs of The association he shall sign all con
tracts aud other papers. The board of di-
rectors shall have power to fill oil vacancies
hat may occur in their number majority OF |
bpDrI q directors shall II "A
rum for the transaction Of business. and any
decision of such majority shall constitute u
In case of tie vote the President shall have
the casting vote. The board Of directors shall
FIX tho amount Of compensation. or SALARY. of all
persons employed in the service of the company.
They are hereby Gmpowed to make. frame and
adopt such bylaws, rules aud regulations rs
they may deem requisite for the interests of tho
They are authorized and empowered. in tho
namo of this corporation. to contract and be-
with. to sue and be sued. to hold. re-
,eiye. purchase mortgage and convey property,
real and personal. ana ell rights. franchises,
powers and privileges for building, maintaining
and operating n 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 Now Orleans,
md whether the same be conferred on CORPORA
ions or individuals. and they are specially a,t-
hot lied 10 borrow money Tor the purchase of
,hises as may he requisite for the purposes of
his corporation and for the construction and
equipment OF their raj road, and secure the |
punctual repayment of the same by hypotheca-
ion and mortgage of any or all the property,
racks railroads built, or 10 be constructed. and
franchises.
T. No stakeholder shall ever be made liable or
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 informaIty
N organizing have the effect of rendering this
charter null or of exposing any stakeholder to
any liability beyond the amount of his stock
s. The stockholders Of this company Mt q
genera meeting to be convened for that pur-
pose shall have full power to make any mOdih-
'atiOnS, additions. or changes in this act of in
corporation. or to dissolve it with the assent of
hree- fourths of the stockholders in amount of
stock represented at such meetings. Any such |
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.
n the presence Of Messrs. Oscar J. Forsta and
Alcee FOrtier, witnesses Of lawful age and DOM
ciliated in this city, who hereunto sign their
names, together with the said appcarers and
ne. the said notary after the reading hereof.
Three words interlIned.
Original signed:
ADOLPHE SCHREIBER,
Per pro. Ernest L. Forstall
WILLIAM II. OSBORN.
p, Per pro, W ". Alex Gordon.
Per pro. W. Alex. Gordon.
STUYNESANT FISH,
Per pro. W. Alex. Gordon.
G. F. CONRAD,
JAMES C. CLARKE,
W. ALEX. GORDON,
OSCAR j. FORsTALL.