The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-07-20
CHARTER.
STATE OF LOUISIANA,
CITY OF NEW ORLEANS

Oh July,, lSI before me-. Antoine Abat, a
| notary public, duly commissioned and sworn,
| In ana Tor the parish OF Orleans, personally
came cam ae and appeared the subseribers hereto
and constituted themselves corporation. in
accordance with the laws of this State. relative
70 the Organization OF CORPORATIONS fol, works
charter of incorporation. to wit
hans sna Hs4Ns n shall
tae It,, clty OF New Orleans is chosen as the place
=, 2. The, purpose for which it is established is
the building, constructing, maintaining and
operating railroads within the limits of the
city Of New Orleans, for the transpor-
ton and ali other articles ofireght or commerce
from one part Ct the city to another: the ac-
quir,in,g, and holding, by grants from the State
purchase. lease. contract, or otherwise, from
grantees all franchises, rights, privileges and
nave be 2r bsre a
| sary for that end; and the nature of its bust
ness will be the effecting of such transportation
dent and Vice President are designated, as the
officers on whom citation may be- served;
shal es of ono hundred dollars each. to be full
paid Mt the time of subscribing.
be vested in. and exercised by. q board of di-
rectors, to consist of five stockhold 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
year, at he domieile of the, company, and each
each share of full paid stock he may hold; pro-
ysided, that q failure from any cause TO elect
corporation: that the directors and other officers
shall hold over till their Successors are duly
| elected The annual meeting OF the stockhold-
ers shall take place ct the same time and place
| as the election of directors. Special meetings
OF the stoekh9 9. shall be held whenever
ordered by the President or called for by request
| a avg mot
s. This corporation shall have and enjoy sue
cession by their corporate name for the period
this charter, or ut 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
81 their own number, who shall be styled liqui..
dating com5missioners. and whose duty it shall
| be to sell and dispose of all the property
and assets of the company, collect all debts due
70 t6G same and, after payment Of the debts and
| eeeds among the stockholders in proportion to
| their respective shares.
8, The following named persons shall eonsti,
office until the second Tuesday Of April, 1878,
and until their suee sf gre duly ELECTED %
JAMES {, CLARKE R, {, I. CONRAD. WILLIAM
first meeting elect q President and Vice Presi-
| dent The President shall preside ut all meet
ings of the company and Of the board Of d.
| rectors and sha1! conduct the business of the
company generally under the supervision of
the board OF directors; and in case of his alb
sence, or inability to serve, his duties shall de-
volye upon the Vice President; The President
shall hasyee, power to name all officers Or en-
ployes of the association he shall sign all con-
tracts and other papers, The board of di-
| rectors shall have, power to fill oil vacancies
that may occur in their number. A majority of
the board of directors shall constitute q quo
rum for the transaction of business, and any
decision OF such majority shall constitute
valid corporate act.
In case of a tic vote the President shall have
the casting vote. The board of directors shall
fix the amount Of compensation, or salary, of all
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 authorized and empowered. in the
name of this corporation, to contract and be
contracted with, TO sue and be sued, to hold, re-
ceiye, purchase, mortgage and convey property.
real and personal. and ell rights. franchises,
powers and privileges for building maintaining
and 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
tions or individuals. and they are specially au-
such real estate. personal property and fran
chises MS may be requisite for the purposes Of
this, corporation and for tho construction and
equipment Of their raj road, and secure the
pnnctual repayment of the same by hypotheea-
ton and mortgage of any or all the property,
tracks. railroads built, or to be constructed and
I. No stockholder shall ever be made liable or
responsible for the contracts or faults Of this
balances due to tho. 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.
8. The stockholders of this company, at a
pose, shall have full power to make any modif-
cations. additions or changes in this act Of In
corporation, or to dissolve 1t with the assent Of
stock represented at such meetings. Any such
notifications additions, changes or dissolution
shPl be recorded as required by sw
Orleans. on the day and year first above written.
in the presence Of Messrs: Oscar J. Forstall and
iciiated in this city, who hereunto sign their
names. together with the said appearers and
me. the said notary, after the reading hereof
Three words interlined.
ADOLPHE sCHREIBER.
T. Per H Pr2i Ernest L. Forstall.
" WI Il; fiMP i. OSBORN,
JAMES Rsr IRM G96; Y; Alex Gordon
srU9 We ssza2Ni VI Fiji A}fE. Gordon
r. Pr eGI PFC. ". Alex. Gordon.
3 u. AEE2 {: GGd6A hD6S.
1 2TGhE + fd hHhiTAhL'
A. ABAT Notary Public.
], the undersigned Recorder of Mortgages In
and for the parish OF Orleans, State 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 152, folio
142.
New Orleans. July 10. 1877.
J. G. RICHARDSON,
Deputy Recorders%
do hereby certify the fore going 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. d. 1871
Jy11 At law A. ABAT, Notary Public.
COPARTNERSHIPS
F1HE COMPREHENSIVE HERETOFORE EX- |
Il listing between the II under q |