The herald. [volume] (New Orleans, La.) 1905-1953, 1914-05-14
CHARTER
OF RINERIDE SOUTHERN RAILW
COMPANY

COMPANY.
United States OF America. State Of Louisiana.
Parish Of Orleans. City OF New Orleans.
BE II known, that on this sixteenth day Of
the month Of April, IN the year Of our Lord
one thousand nine hundred and fourteen,
before me. Joseph kcutuu Bailey, notary
public duly commissioned and qualified, IN
and for the parish OF Orleans. state o.: Lou
lSiaua. and IN the presence OF the witnesses
hereinafter named and undersigned, person
ally came and appeared the several persons
whose names arc hCreuuto subscribed, who
scvcrally declared that avaIiIug themselves
Of the provisions Of the laws Of the state OF
Louisiana relative 10 corporations, especially
act Nc. lS4 OF the General Assembly OF this
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
stitutc a corporation and body polite in law
for the objects and purposes and under the
articles and Stlpulatlous, following, tO.wIt:
Article 1.-The name Of this corporation
shall be the Riverside Southern Railway Com
pauy, and under its corporate name it shall
have and enjoy corporate existence for
period Of nIucty-nIue years from date here
Of and II shall have the power and authority
to contract; sue and be sued; to make and
use a corporate seal and the same TO alter
and break al pleasure: 20 receive, lease, pur-
chase, hold, buy and otherwise acquire, prop
erty both real and personal, and 10 mortgage
and hypo;hccate 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
as alter and amend, such bylaws, rules and
regulations for the proper conduct and man
agemeut Of its affairs as may be necessary
and proper; and in general 20 exercise all
the rights and powers granted by law TO
corporations OF this character.
Article 1.-THE dOmIClle 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, or in his
absence upon one of the vI-e-presdents, or
in the absence Of all such officers upon the
secretary Of this corporation.
Article lll.-The objects and purposes for
which this corporation IS organized and the
nature Of the business to be carried on by II
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, well
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 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 a going concern as
soon 800 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 more than
nine directors, majority OF whom shall
constitute a quorum
The members of the board shall be elected
annually at 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 10 be appointed
by the board of directors.
Any vacancy occurring in the board of di-
rectors shall be filled by the remaining d-
rectors for the unexpired term. The officers
and directors when elected shall remain in
office until their successors are 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 serv" until their successors
are elected. At the first meeting of directors
after their election each year shall elect
first and second vice-president, secretary
Article VT.-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 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
the transaction OF business, ana edCn snare
of stock shall entitle its owner to one vote,
which may be cast in person or by 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-
| ton is voted, or at meeting held for that
purpose said commissioners shall remain in
office until the affairs Of the corporation shall
have been fully liquidated.
! 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 or responsible for the contracts or
| faults of this corporation in any further sum
| than the unpaid balance due on 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