The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-07-11
CHARTER.
STATE OF LOUISIANA.
CITY OF NEW ORLEANS

| VII NGW OItLEAN6
| pEITKNOWN, THAT ON THIS TENTH DAY
| ID OF July, 1877, before me. Antoine Abat. q
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
accordance with the laws Of this State. relative
| to the organization of corp rations for works
Of public improv, ment. under the following
6i Ta2N 81 a and
the city Of New Orleans is chosen as the place
q. The. purpose for which 1t issestablished is
the building, constructing, maintaining and
city of New Orleans, for the transport
tation OF goods. wares, merchandise, grain. cot
ton and all other articles ofireght or commerce
curing and holding. by grants from the State
LEGISLATURE. or the municipal authorities. or by
pranaes 1eage contract Or otherwise from
powers. that may have been, or hereafter may
be conferred, that may be desirable or neces-
ness will be the effecting Of such transportation
9y steam na T IGwer or otherwise and the Prssi
| officers on whom citation may be served S''o
3 The amount OF capital stock Is fixed at ten
thousand dollars. divided into one hundred
paid ut the time Of subscribing.
T. inc corporate powers OF the company shall
q ~ bard Of d.
1 I.
three shall constitute a quorum. and who shall
designate president and vice president out OF
ballot on the second Tuesday Of April OF each
year. at The domicile of the company. and each
stoehkho,der sh b. be entitled to one vote for
yided. that a. failure from any cause to elect
directors on the day fixed shall not dissolve the
shall hold over till their SUCCESSORS are duly
elected, The annual meeting of the stockhold-
ers snail AXE place ct the same time and place
OF tho stockholders shall be held whenever
ordered by the President or called for by request
N.Y. Ths sba bavd notice
cession by their corporate name for the period
Of Twenty-Five years, and ii. the termination OF
of the affairs Of the company shall 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 liqui-
dating commissioners, and whose duty it shall
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-
eeeds among tue stockholders in proportion to
| their respective shares.
s. The following named persons shall eonsti-
Office until The Csc second Tuesday Of A n iy7s
and until their successors are duly elected. to
Y,M APo d11Rk sGHREIB a1kpI H1qBy
ALEXANDER ooaboN Thes shall i at their
dent. The President shall preside at ali meet
1ngs 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 bis alb
voIye upon the Vice President. The President
shall have, power to name all officers or em-
ployeS OF the association he shall sign all con-
tracts and other papers, the board of d.
rectors shall have, power TO fill all vacancies
the board of directors shall constitute a quo
rum for the transaction of business and any
DECISION OF such majority shall constitute
valid corporate act.
| In case of q tic 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 tle service of the COMPANY,
| They are hereby empowed to make, frame and
| adopt such bylaws, rules and regulations as
they may deem requisite fof the interests Of the
| They are authorized and empowered in the
name of this corporation, to contract and DO
| conrac ed with. to sue and be sued, to hold re-
ceive, purchase. mortgages and ponvey property
real and personal, anu hll rights, franchises
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 same be conferred by the
State Of kouisana or the city Of New Orleans.
tions or individuals. and they specially a,t-
tho, lied o borrow money Tor the purchase of
sgeh real estate, PERSONAL property and fran
chises as may be requisite for the purposes Of
| this corporation and for the construction aud
equipment OF their raj road, aud secure the
punctual repay ment OF the same by hypoheca-
ton and mortgage OF any or Ill the property.
tracks, railroads built. or to be constructed and
Z. No stakeholder 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
charter null or Of exposing any stoekho to
any liability beyof d the amount OF his stock,
| 8. The stockholders Of this company, at a.
general meeting to be convened for that pur-
| hui huy.. I'm 1 fn a
| cations. additions, or changes In this act of In
corporation, or to dissolve 1t with the assent of
stock represented at such meetings. Amy such
notifications additions, changes or dissolution
shall be recorded, as required by law.
| Thus done and passed at the said city OF New
Orl, ans 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
1cll1at. In this city who hereunto sign their
names. together with the said appearers and
me the said notary. after the reading hereof.
Three words iDterlined.
| Original signed
| ADOLPHE SCHNEIDER,
| Per pro; ~ Ernest l.. ForstalI
william Il. OSBORN,
| JAMES Rs1 E re- VI Alex. Gordon.
sruf III gzS; VI ti Air. Gordon.
Per pro. W. Alex. Gordon
SHa Alex <. GORDON GokDos.
| OSCAR j. FORSTALL.
| ALCEE FORTIER.
| A. ABAT. Notary Public.
i, the undersigned Recorder of Mortgages In
and for the parish OF Orleans. Sta Q Of Louisi-
/ ana, do hereby certi that the within and fore
| going Is true and correct CODY OF the original
act OF incorporation this day duly accorded in
my office according to law, In book 1872, folio
142.
New Orleans, July 10, 1877.
| J. G.. RICHARDSON,
Deputy Recorder.
do hereby certify the foregoing to be q 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. ID. 1877.
| iy11 At law A. ABAT, Notary Public
| co n s u M P TON
l DnoSfSa,oIas