The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1890-07-30
CHARTER
State Of Louisiana-Payish Of Orleans
City Of New Orleans.

State OF LouasiaNd-Parish Of Orleans
| City Of New Orleans.
DE IT KNOWN, THAT ON THIS SEW
- enth day of July, in the year one
thousand eight hundred and ninety, before
me, john Bendernagel, notary public, in
and for the city and parish of New Or
leans, State of Louisiana, duly commits
stoned and qualified, and in tho presence
OF the witnesses hereinafter named and
undersigned, personally came and APP
pearcd the persons whose names are here
unto subscribed, who declared that, avail
ing themselves of tie provisions of Act
No. Sc of the Legislature of this State, ap-
proved June 20, 1888, as well as of those
of the general laws of this State relative
to the organization of corporations. they
have formed and organized, and by these
presents do form themselves and those
whom they represent, into and constitute
a corporation for the objects and purposes
and under the stipulations and agreements
hereinafter set forth, which they hereby
adopt as their charter, to-wit:
ARTICLE I.
The name and title of the said corpora
ton shall be the alexandria City Rail
way Company, Limited" and by that
name it shall have and enjoy succession
for a term of ninety-nine years from and
after the date hereof. 1t shall have power
and authority 10 sue and be sued, to make
and use corporate seal, and change the
same at pleasure, to hold, purchase, lease,
personal necessary and proper for their bus
mess, to make and issue bonds, to name,
elect ard appoint managers, directors and
agents, and to rake and establish such
bylaws, rules and regulations for the man
agement of the business and affairs of said
corporation as may be requisite and nee
essary.
ARTICLE II.
The doricile of said corporation shall
be the city of New Orleans, parish of Or
leans, Louisiana, where all citations and
other legal process may be served on the
president of the company, and citation
may also be served cn the vice-president
thereof, at Alexandria. in the parish OF
Rapides in said State.
ARTICLE III.
The objects and purposrs Of this corpo,
ration are hereby declared to be to cen
struct, maintain and operate street rail
way or street railways with all necessary
sidings and turn tables for the transporta-
ton of passen gers By horse or any other
motive power save that of steam, through
such streets within the corporate limits OF
the city of Alexandria, Louisiana, as may
be designated by the City Council Of said
city, and to extend the same beyond the
corporate limits Of said city to any place
or places adjacent thereto or it's suburbs,
that this corporation may desire.
ARTICLE ".
The capital stock of this company is
fixed at fifty thousand dollars, divided into
five hundred shares of one hundred dollars
each, and may be further increased on
compliance with existing laws.
The corporation may begin business and
be going concern when ten thousand
dollars of said capital stock shall have
been subscribed for; said shares of stock
may be issued for money paid or property
received or labor done; when issued fol
money fifty per centum shall be paid in
cash, at the time of subscription, and the
balance i'll such installments as the board
of directors may prescribe when issued
for property received OF labor done it shall
be paid for at such time, in such manner
and at such appraisement as the SAID
board may determine each share of stock
shall be entitled at all corporate meetings
to one vote, in person or of proxy.
| ARTICLE v.
All the powers of this corporation shall
be vested in and exercised by board o.
seven directors, who shall each own a
least five shares of the capital stock of Thu
q Of h,n
stitute quorum for the transaction of al
business. Edward B. Wheelock, Richard
Herrick, Charles NJ. Greene, Robt. Strong
Lilburn E. Bowman, Theus N. Miles ant
Robert w. Bringhurst, with the said Ed
ward B. Wheelock as president, Theus N
Miles as vice-pre sident, Charles NJ. Green,
as treasurer, and Robert w Bringhurst al
secretary, shall constitute the first boart
of directors, and they shall hold their of
fees until the second Tuesday in Decem
Der, 1891, or until their successors shall
have been duly elected and qualified.
On the second Tuesday in Decembe
1891, and annually thereafter an election
for directors shall be held at the office O.
the company; each board shall elect
president, vice-president, treasurer ant
secret ary, who shall hold Office until thei
successors are elected by the succeedin.
board.
At all elections which shall be conducte,
by ballot, a majority of the stakeholder
represented in person or by proxy, shall
elect said directors. Notice of all election
shall be given in one of the newspaper
published in the city of New Orleans AM
one newspaper published in the city o
Alexandria for fifteen days prior to tn
election. Any vacancy occurring in salt
board of directors, from any cahse whatso
ever, shall be filled by the remaining di
rectors.
ARTICLE vi.
No sale of stock shall be held valid ant
binding OH this corporation unless tn,
same shall have been transferred on tn
books of the company; nor shall an,
stOckholder vote at an election for direc
tors unless he has been the owner of tn
stock sixty days prior to said election; ant
no stakeholder shall ever be held liable TO
any contracts or faults of said corporation
in any further sum than the unpaid bal
!, ance due the company on the shares owne,
by him.
ARTICLE VII.
This charter may be modified, changed
or amended, or said corporation may b.
dissolved by vote of three fourths of tn
stock represented at general meeting o
the stockholders convened for those pur
poses, after thirty days previous notice o
such meeting shall have been given in on
of the newspapers published in New Or
leans and in one published in Alexandria
Whenever this corporation is dissolve,
by limitation or otherwise, its affairs shall
be liquidated by three commissioners to b.