New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-09-14
CORPORATIONS.
QUARTER OF THE NEW ORLEANS,
DALLAS AND GREAT WESTERN RAILROAD
COMPANY.
STATE OF LOUISIANA.

COMPANY.
STATE OF LOUISIANA
sARfsY OF ORLEANS-CrTY OF NEW ORLEANS
Be it known. that on this third day of septem
ber in the year one thousand eight hundred
and eeventy thlee, before me- John Bendernagel, a
notary public in and for the parish of Orleans,
State aforesaid, duly commissioned and qualified,
and in the presence of the witnesses hereinafter
named and undersigned, personally came and ap-
pear-d Charles T. Howard, William P. Harper,
william H. Roberts. Samuel L. James, Harmon r.
Rpper and Fitzviam Lonsdale, all Of this city,
who s-vtrally declared that awaiting themselves
of the rights and privileges BY the laws of
this State relative to the organization OF corpora
tons, they have formed and organized, and do by
these presents form and organize into and constI-
tnte a corporation for the objects and purposes,
under the stipulations, regu atoms and obi cations
following, to wit
ARTICLET 7.
The corporate and title of this corporation
shall he THE NEW ORLEANS, DALLAS AND GREAT
WESTERN RAIL- DAD COMPANY. It's domicile is
hereby declared to be In the city OF New Orleans,
State OF Louisiana.
ARTICLE T..
SECTION l. The object and purpose of the
pany il locate, construct, maintain and operate
a railroad, beginning at point on the Mississippi
river at the town of Donaldsonviils in this
State thence running in a westerly direction to
point to 10 hereafter determined, III the parishes
of Lafayette, St Landry and Calcasieu. to a point
on the Sabine river opposite or near the town of
Salem in the county of newton, IN the State OF
Texas; thence through the counties of Newton,
Jasper, Tyler, Angelica, Cherokee, Anderson Hen
derson Kaufman and Dallas, to some point at or
near the town of Dallas, IN the State Of Texas.
SEc 2. And for SAID purpose il shall have power
and authority to have and enjoy succession by its
corporate name. for the period of twenty five "
from the date Of this ac; to construct sue and be
sued in its corporate lame to make and use a cor
porate seal. to hold receive, purchase, lease and
convey, under its corporate name property, both
ayers and directors and officers its interest and
convenience may require; TO make and establish
such bylaws for the proper management and regu-
ai0n of its affairs as may be necessary and proper
and to have and enjoy and possess such other Incl
dental powers ana privileges now, or may
thereafter be conferred upon it corporation by
the general or by the special laws Of the State of
Louisiana Or of the State OF Texas Of the United
States OF America or bv ordinances of any of the
towns cities or parishes of the States OF LOUISIANA
oind Texas.
ARTICLE III.
The president of tie company OF IN his absence
The vice president, in the absence of both the
secretary, s all be the proper officer upon whom
citations and all other legal process Oh pouce
may be served
The capital stock of this company shah be five
snion dollars, represented by fifty Thousand
iege of increasing it TO seven millions, If the ma
jority of the stockholders at any time so elect.
This corporation shall go into operation as soon
as one hundred thousand dollars shall have been
subscribed, and seven days after such subscyip-
tiontve per centum thereof shall be paid ins
ARTICLEv.
SECTION l. The corporate powers of this company
shall be vested in Board of Directors, composed of
seven stockholders, TO be increased to nine if
deemed necessary.
SEC 2. No person shall be eligible to or hold The
Office OF director unless he shall own at the time of
his election and during his term OF Office at least
live shares Of the capital stock of the company.
SEC. 3. No two members OF the same firm shall
slold at the same time seats in the board but the
owning by any firm of the requisite number of
at least five shares shall lender any one member
thereof eligible to a seat in the board
ARTICLE VI
SECTION L. On the first Monday of November, 1873.
aid thereafter the third Monday in November
in each year, there shall be an election for seven
directors by he stockholders, nine if the num-
Der shall have been increased as provided for in
section one of article five of this charter such
cleo ion shall be held at the Office of the company.
SEC 2. At all elections or general meetings OF the
stockholders each stockholder shall be entitled to
vote for every share OF stock owned by him,
and to cast said vote in person or by proxy and
except when otherwise required by law, majority
OF the votes cast shall decide all Elections or ques-
tons
SEC ,. In elections the vote shall be by ballot.
and under the huperntendence of two stockholders
appointed by the board or II the persons thus ap-
pointed. either of them should refuse or fail to
attend. the president shall appoint others in their
stead il the president is absent omts to
make such appointments they may be made by a
ma iority OF such Of the stockholders who may be
present at the hour and place appointed for the
election.
SEC. 4. II from any cause election should fail
on the day appointed the president or in his alb
other meeting for the seventh day following, for
the purpose OF etfecring said election, and con 4
of the number of directors shall be had. The
other directors shall be elected byeSi4 majesty
Grovided 500 ;lecase Of sacancs.
aST9CIE gS9o
erCetoy p plo BosrS Of EEece@ee ~ az snos9 OF
Che next sIouday folio ding sheir election. ana
oha proceed to ill uIo sticir numbeS be election
should the iul nunbeS got sSce teen aasted b.
9hal elect one of 1heiS number as president and
another vice president, who shall DE Srssidens
Gnd wee president OF the companye
SEC. 3. A majority OF the board, counting the
SresdeDt as one, shall constitute a quorum and
the vote of the majority OF such quorum shall col-
otitute a valid corporate act
SEC. 4. The board shall supply by election any
eacauey, permanent or temporars IL ahs office Of
SSe Sse5ldeis oS vice president !
ARTICLE viz
,sEcr:oe 2! Tie Roard % Directors saals Nave |
Gower to hl by election any vacancy that may |
occur i'll their own number between the annual |
elections; they shall elect all officers, define their
salaries and the amount of their bouds enact such
by laws rules and regulations and ordinances as
they NAV deem necessary tor the good govern |
ment welfare and support OF the company and !.
delegate TO the president or to the committees
of their own body, or to officers agents or attor-
neys in OF out Of. the State, such powers they
may deem expedient, ard not Inconsistent wi, |
the corporate powers of the company.
company shall be removable at will, except the J
president and vice president. !!
SEC. }. In case of failure on the part of any sub
ecrber to pay the instalmen's on his stock as re-
eIuired, the Board of Directors shall have the OPP
tion, alter thirty days written notice to the den
queLt of forfeitng the stock and selling 1t for the
the payment OF sNch instaliments, and no stock |
holder shall be permitted 10 vote while in default.
SEQ. All rules relative to the declaring of divi-
ienus or DIVISIONS 81 profits, as well as al other
by laws as aforesaid shall be made by the Board of
directors, but they snail be subject to repeal,
change anne ndment or modification by ale STOCK
"a
SEC. 5. The Board of Dneceors sssfs fslsIeq asve
oDower and authority .
Frst-To issue bonds for fscf an amount of euc9l Y
denomination as they may by resolution deter
mine, and secure the paymene thereof by III gage
ON tue property.
Second-To contract for the construction o. ehe
road with any other railroad company that is now,
or may hereafter be chartered by authority of this
State or OF any other state in the Union, to
meet sodate with such other company.
Thrd-To ACCEPT in behalf OF the company sny !
and all grants, powers, privileges. franchises (
. xtens0n OF charter, which nay be hereafter con.
serred upon the corporation by sensSa ee sSeeisi ,
eaws.
Fourth-To acquire by purchase, lease, se il. sly
other manner they may think proper any other |
road or franchise which may have been, or may I
hereafter be constructed or acquired by any other
company in the viciGity on the line of or d. |
verging from the line of the road which this COM
tJaAy hereIu couteA plates constructing. !
ARTICLE TX
SECTION l. A stated annual meeting of the stock |.
holdris shall be Leld at the office OF the company
on the teeth day preceding the annual election OF
directors To receive the report of the last years
operations AID business, and tor examination into
tne con4luon of the company at which meeting
lul statement or tie financial and otner affairs OF
the company shall be laid be- fore the stockhu ders
by the president and directors then in office.
SEC z; The Board OF Directors may at any other
time Mnth thtN think proper, or whenever re-
oN si"c holders representing threefourths
OF the stock cal meeting of tockholders to take
mo constellation and act upon any matters
affecting the interests of the company.
SIC 3. At such meetings stock ho ders NAV alter,
amend or modify the charter. increase or diminish
provided TIN ee. iourths of the stock
be present or represented; and on any propostitn