New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-09-07
CORPORATIONS.
CHARTER OF THE NEW ORLEANS,
DALLAS AND GREAT WESTERN RAILROAD
COMPANY,

STATE OF LOUISIANA.

PARISH OF oRLEANS-CITY OF NEW ORLEANS.
Be il known, that on this third day of Septem-
Ger, in the year one thousand eight hundred
and seventy thIee, 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 APP
peared Charles T. Howard William P. Harper.
William H. Roberts. Samuel L. James Harmon Il
Eppler, and FitZwllam Lonsdale, all of this city
who severaliy declared that availing themselves
fthe rights aud privileges conferred by the laws OF
This State relative TO the organization .of corpora
tons, they have formed and organized, and do by
tnte a corporation for the objects and purposes,
under the stipulations, regulations and Obligations
SpIlow!ng, to wit
ARTICLEL
The corporate name and title of this corporation
shall be THE NEW ORLEANS, DALLAS AMI GREAT
WESTERN RAIL DAD COMPANY. Its domieiie is
hereby declared to be in the city OF New Orleans,
State of Louisiana.
ARTICLE II.
SECTION ]. The object aud purpose of the com
pany is to locate, construct, maintan and operate
d railroad, beginning at point on the Mississippi
river at or the town OF Dopaldsonv-, in this
State thence running in westerly direction TO some
point, TO be hereafter determined, in the parishes
of Lafayette, ST. Landry and Calcasieu, to point
on the Sabine river opposite, or near the town of
Salem, in the county Of rewton, IN the State OF
Texas thence through the counties of Newton,
casper, Tyler, Angelica, Cherokee, Anderson, Hen
cerson, Kaufman and Dallas to some point at or
near the town of Dallas in the State of Texas
SKC. 2. And for said purpose il shall have power
aad authority to have and enjoy succession by it's
corporate name. for the period of twenty five years
from the date OF this act; to construct, and be
sued in its corporate name; to make and Use a cor
porate seal. to hold, receive, purchase, lease and
convey, under its corporate name, property, both
real and PERSONAL to name and appoint such man
ayers and directors and officers its interest and
convenience may require; to make and establish
such by laws for the proper mana cement and regu-
laion of its affairs may be necessary and proper,
dental powers and privileges as are now or may
hereafter be conferred upon 1t as corporation by
ihe general the special laws of the STATE Of
States OF America. or bv ordinances of any of the
towns cities or parishes of the States of Louisiana
and Texas.
The president of the company, or in his absence
the vice president, or in the absence of both the
citations and all other legal process or notice
may be served.
The capital stock of this company shall be five
million dollars, represented by fifty Thousand
shares of hundred dollars each with the privi-
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 subscrlp-
tioutive per centuIn thereof shall be paid III.
ARTICLE v.
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
SEC. 2. No person shall be eligible to or hold the
Office OF director unless lie shall own at the time of
his election and during his of office at least
five Snares of the capital stock of the company.
SEC. 3. No two members of the same firm shall
hold at the same time seats in the board, but the
owning by any firm of the requisite number OF
at least five shares shall render any one membe6
thereof eligible to seat in the board.
ARTICLE VI
SECTION !. On the first Monday of November 1873,
and thereafter on the third Monday in November
III each year, there shall be election for seven
directors by The stockholders, nine if the num-
Der shall have been increased as provided for in
Jiection shall be held at the Office of the CON pany
SEC z. At all elections or general meetings OF the
stockholders each stakeholder 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 qu-
tons. y.
SEC. g. In elections the vote shall be by ballot.
and under the superintendent OF Two stockholders
appointed by the board or il the persons thus APP
pointed, either of them should refuse or fail to
attend the president shall appoint others i'll their
stead; il the president is absent or omits to
make such appointments they may be made by a
majority of such of the stockholders who may be
present at the hour and place appointed for the
election.
SIC. 4. If from any cause al election should fail
on the day appointed the President in his alb
sence the vice president eaall forthwith call an
other meeting for the seventh day following for
tie purpose of eftecting said election, and con
tinue TO do until valid election of majority
OF the number of directors shall be had. The
other directors shall be elected by said majority as
ARTICLE VII.
SECTION l. The Board of Directors shall meet on
the next Monday following their election and
shall proceed to fill up their number by election
should the iull number not have been elected bv
the stockholders.
SEC O. At the first meeting of the board they
shall elect one of their number as president and
another as vice president, who shall be president
and president of the COMPANY
SIC. 3. majority OF the board, counting the
president as one, shall constitute q qucru and
GIa1l
stItute a valid COZ porate act.
SEC. 4 The board shall supply by election , ion any
the president or vice president.
ARTICLE VIII.
SECTION l. The Board of Directors shall have
power to fill by election any vacancy that may
occur in their own Lumber between the annual
el.ctions. they shall elect all officers detne their
salaries and the amount OF their bonds enact such
bv. laws. rules and regulations and ordinances as
they may deem necessary for the good govern,
ment welfare and support OF the company, and
may delegate to the pref to the committees
OF their body to officers, agents, or after
news i'll out of the State, such powers as tney
may deem expedient, and not Inconsistent with
the corporate powers OF the company.
SEC. 2 All officers, employees or servants of the
company shall be removable at VIII, except Inc
presiden Mt and vice president
SEC. g. In of failure on the part of any sub
scriber to the installmens on his stock as re-
CURED, the Board of Directors shall have the OPP
ton, after thirty DAYS written notice to the deiln
quent, of forfetiDg the stock and selling ii for the
benefit of the company, or OF compelling by suit
the payment of snch installmenIs. and no stock
holder shall be permitted to vote while i'll default.
SEC. 4 All rules relative TO the declaring of iii o.
bends divisions of pr.tts well all other
bylaws aforesaid, shall be mace by the Board of
Directors, but they shall he subject to repeal,
change, amendment or Modification by the stock
holders, at their meetings.
SIC. s. The Board Of Directors shall further have
power and authority
First-To issue bonds for such an amount of such
denomination as they may BY resolution deter
NINE and secure the pay lnent Thereon by mortgage
Oh the property ,
road with any other railroad company that is now,
or may hereate be chartered by authority of this
State, OF other State in the Union or to con
meet or co solidate with such other company.
Third-To accept in behalf of the company any
and all grants, powers privileges, franchises or
extension of charter which may be hereafter con.
1erred upon the corporation 10y general OF specMl
laws.
Fourth-To acquire by purchase lease, or in any
other manner they may think proper any other
road or franchise which NAV have been, or may
hereafter be constructed or acquired by Any other
company in the vicinity on the line OF or Ill
verging from the line of the road which this COM
parry herein conten plates constructing
ARTICLE TX.
SECTION J. A stated annual meeting of the stock
holders shall be Geld at the Office OF the company
on the tenth day preceding the annual election OF
directors to receive the report OF the last yeal
operations and business, ana tor EXAMINATION INTO
the condition OF the company, at which meeting
tu statement of u e financial and other affairs OF
the compar shall be laid before the stockholders
by the president and dlr hen in Office.
SEC :. The Board OF Directors may at any other
time when they think aloper, or whenever re-
quested by stock holders representing threetourhs
OF the stock, call MEETING OF stockholders TO take
into consideration and act upon any matters
affecting the interests OF the company
SEC 3. At such meetings etockho ders NAV alter,
amend or modify the charter. increase or dimirish
tine capital stock of the company, or dissoveSthe
CORPORATION: provided three tourths OF the stock
be present OF represented and any proposit liz IL
10 amend the charter TO increase or diminish the
capital stock or TO dissolve the cooperation: the