The herald., 1914-05-21
CHARTER


'''AI'ANh-
United States If Arerr,. State .f Louisiana.
Parish q Orleans. City Of New Orleans.
BE % known, that or This sixteenth day nj
the month ut April. ODD the year If ou- Lord
owe thousand nine hundred and fourteen,
before NE. JOSEPH kcu'Du Bailey. notary
and for the parish of Orleans, state OF Lou
I~iauI, and ~ the presence oi the witnesses
hereinafter named and undersigned. person
ally came and appeared the several persons
who's, names are hcrcuuto subscribed, who
~cvcrIllv declared that, avaIlug themselves
Of the provisions Of the laws o.; the state Of
Louisiana relative 20 corporations, especially
act No. l5+ OF the General Assembly of this
state, session OF l'.2, they have coveuartcd
and agreed and by these presents covenant
and agree and bind themselves, as well as
all such other persons as may hereafter be-
come associated with them 70 form and con-
stItu'c a corporation and body polite in law
for the objects and purposes and under the
articles and stipuiatious. following, to-wit.
Article The name OF this corporation
shall be the Riverside Southern Railway Com
pduy, and under its corporate name II shall
have and ENJOY corporate existence Tor a
period OF nluety-nlDc years from date here
Of and II shall have the power and authority
20 contract; sue and be sued; 10 make and
use a corporate seal and the same to alter
and break at pleasure: 10 receive, lease, pur-
chase, hold. buy and otherwise acquire, prop
crty both real and personal, and 10 mortgage
and hypothCCatc same, % name and appoint
such managers, agents, directors and officers
its business, interests and convenience
NAV require: 20 make and establish as well
as alter and amend, such bylaws, rules and
regulations for the proper conduct and man
agcwCnt OF ITS affairs as may be necessary
and proper; and IN general 10 exercise all
the rights and powers granted by law to
corporations OF this character.
Article 1.-THE domICIe Of this corpora
ton shall be IN the city OF New Orleans.
may be served upon its president, or in his
absence upon one of the vICe-presdeuts, or
IN the absence Of all such officers upon the
secretary Of this corporation.
Article lII-lhe objects and purposes for
which this corporation IS organized and the
nature II the business TO be carried on by It
are declared TO be to purchase, build, lease,
own and operate railroads, railways and
tramToads operated by electricity or any mo-
tor power other than steam, within the cor
poratc limits OF towns and cities, as well
IuteruTbau railroads, railways and tram
ways throughout the state Of Louisiana, and
carry freight passengers, pdrcel-post and mail
thereon.
Article IV-The capital stock Of this cor
poration is hereby fixed at one hundred
thousand (Sl0OG0OO dollars, divided into and
represented by ten thousand 10000 shares
OF the par value Of ten $1,000 dollars each,
and which shares shall be paid for in cash,
property received, or services actually rend
cred, at such times and such conditions
the board OF directors may determine.
This corporation shall be a going concern as
soon as 500 shares OF stock shall have been
subscribed.
Article V-All the corporate powers of this
corporation shall be vested in and exercised
by a board Of not less than five or more than
nine directors, majority OF whom shall
constitute 4 quorum.
The members OF the board shall be elected
annually at a meeting Of the stockholders
to be held on the second Tuesday of June OF
each year at the office OF this corporation.
This election shall be conducted by three
commits sioners, stockholders TO be appointed
by the board OF directors.
Any vacancy occurring in the board Of di-
rectors shall be filled bv the remaining di-
rectors for the uneXpired term. The officers
and directors when elected shall remain in
office until their successors arc elected and
indicted into office.
The first board of directors Of this corpor-
alton shall be elected at a meeting to be
held on the third Tuesday OF April, 1914,
and they shall serve until their successors
are elected. At the first meeting of directors
after their election each year shall elect
from among their own number a president, a
first and second vice-president a secretary
and a treasurer.
Article VI-Notice Of all elections and
meetings of the stockholders Except as pro-
vided otherwise by law shall be given by
written notice mailed to each stakeholder at
his last known address, and by publication
in a daily newspaper published in the city
Of New Orleans for ten days prior TO each
meeting.
AT all meetings of the stockholders ten
stockholders shall constitute quorum for
Of stock shall entitle its owner TO one vote,
which may be cast in person by proxy.
Article NII.-This act Of corporation may
be modified, changed or altered or the cor
poration dissolved with the assent Of two
thirds Of the capital represented at the meet
ing called for that purpose; and in the event
of liquidation the affairs of the corporation
shall be managed by three commissioners
elected at the meeting at which the dssolu-
ton is voted, oil at meeting held for that
purpose, said commissioners shall remain in
office until the affairs of the corporation shall
have been fully liqudated
In case OF the inability of any commits
sioner to act, the vacancy may be filed by
the remaining commissioners.
Article VIII.-No stakeholder shall be held
liable or responsible for the contracts or
faults Of this corporation in any further sum
than the unpaid balance due the shares
Of stock owned by him; shall any in.
formality in organization have the effect OF
rendering this charter null or of exposing
any stockholder to any liability beyond the
amount due on his stock.
Thus done and passed before me in my Of
fee at the city Of New Orleans on the day,