The herald. [volume] (New Orleans, La.) 1905-1953, 1914-05-07
CHARTER



. E.,-d States 81 America. Stat, af Louisiana.
Parish # Orleans. City 81 New Orleans.
, Ec n known, that ou this sixteenth day %;
! the month of April IN the yca- Of our Lord
one thousand nine bundled and fourteen,
before me. Joseph krutuU Bailey, q notary
public duly commissioned and qualified. IN
and Tor the parish OF Orleans. state ot Lon
lsiaua. and ln the presence oi 'Ic Witnesses
hereinafter named and UNDERSIGNED, person
ally came and appeared the several persons
whose names are hcrcuu'o subscribed. VINO
scycraliy declared that, aydiIug themselves
Of the provisions Of the laws Of the state Il
Louisiana relative 10 corporations, especially
act No. ia OF the General Assembly Of this
state, session Of 1902, they have COvcuauted
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 to form and con-
StItute u corporation and body polite IN law
Tor the objects and purposes and under the
articles and stpuatIous, following, to-wIt:
Article 1.-The name Of this corporation
shall be the Riverside Southern Railway Com
pany, and under its corporate name It shall
have and enjoy corporate existence Tor
period OF nInety-nlne years from date here
Of and il shall have the power and authority
10 contract; sue and bc sued; to 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
erty both real and personal, and 10 mortgage
and hypothecate same, to name and appoint
such managers. agents, directors and officers
as Its business, interests and convenience
may require; 10 make and establish as well
a. alter and amend, such bylaws, rules and
regulations for the proper conduct and man
agement Of its affairs as may be necessary
and proper; and in general to exercise all
the rights and powers granted by law TO
corporations OF this character.
Article 1.-THE donicIe Of this corpora
ton shall be in the city Of New Orleans
state OF Louisiana, and all legal processes
may be served upon its president, in his
absence upon one of the vice-presidents, or
IN the absence Of all such officers upon the
secretary OF this corporation.
Article lll.-Ihe objects and purposes for
nature Of the business to be carried on BY u
are declared TO be to purchase, build, lease
own and operate railroads, railways and
tramroadS operated by electricity or any mo-
tor power other than steam, within the cor
porate limits OF towns and cities, as we'll
as interurban railroads, railways and tram
ways throughout the state of louisiana and
carry freight, passengers, parcel-post and mail
Article IV-The capital stock of this cor
poratIon Is hereby fixed at one hundred
thousand (SlOOOOOOO) 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 on such conditions
as the board OF directors may determine.
This corporation shall be going concern .as
soon as 800 shares Of stock shall have been
subscribed
Article V.-All the corporate powers of this
corporation shall be vested in and exercised
by board Of not less than five more than
nine directors, a majority Of whom shall
constitute quorum.
The members Of the board snail 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
commissioners, stockholders to be appointed
by the board Of directors.
Any vacancy occurring in the board of di-
ha1 he l,r 8sv,,., IL
rcctors for the unexpired term. The officers
and directors when elected shall remain in
ONCE until their successors are elected and
indicted into office.
The hrst 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 4 president, a
first and second vice-president, secretary
Article VI.-Notioe of all elections and
meetings of the stockholders Except as pro-
vded otherwise by law shall be given by
written notice mailed to each stakeholder at
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 a quorum for
the transaction of business and each share
OF stock shall entitle its owner to one vote,
WHICH may Dt cast IN person OF Dy proxy.
Article Widths 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 dissolu-
tion is voted, or at a meeting held for that
purpose, said commissioners shall remain in
Office until the affairs OF the corporation shall
have been fully liquidatcd.
In case of the inability Of any commits
sioner to act, the vacancy may be filled by
the remaining commissioners.
Article VIII.-No stakeholder shall be held
liable 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; nor shall any in
formality in organization have the effect OF
rendering this charter null or of exposing
any stakeholder 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,