The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-02
CHARTER.
STATE OF LOUISIANA,

lie. in and for this CITY, and parish OF OrleaIs,
State Of Louisiana, duly commissioned ana
fed. and in the presence OF the Witnesses n0io-
matter named and undersigned: NV
Personally came and appeared, G. W: \; BAY
LEY, E. B. WHEELOCK, HUGH hE = G1n14S
JOHN PHELPS, JOHN b. KENNAR Ny n ,iIlT
I PUIf A. GIRDNER, JULIUS WEIs, E. L.
RANLETT and DAVID WALLACE, all resi-
dents Of this city, who severally declared
That, availing themselves Of the pc powers,
rights and privileges conferred ps 'n re,af;ve
To the Organization of Corporations, In
~; State. thew do, by these presents, form,
organize constitute and found Corporalteon iol
the objects and purposes as shall herealte u oe
enumerated and set forth; and to that end they
do barebv covenant and agree to form and con-
stitute. and do, by these presents, form anu con-
stitnte themselves, and all such other persons as
NAV hereafter become associated with men,
whether by subscription, purcnasei da ror'
porate." and Hereunder bind themselves, ana
Eli who NAV hereafter become associated Win
them 10 be governed by the following stlpu-
lations obligations and regulations as artcies Oh
the charter oil said Corporation.
ARTICLE I.
NAME.
The name and title of said corporation snail DC
the NEW ORLEANS PACIFIC k k-d aao Uum-
PANY. and by that name shall have succession,
and have corporate exi-tence for and during the
fnll term and period Of twenty-five (2o) years
from the date of the execution Of these presents,
unless sooner dissolved IN the manner herehaite5
nroyided for: may sue and be sued, may hoio
real and personal property, may make contracts,
NAV receive grants OF land or personal properly,
and shall possess all the powers and privileges
which CORPORATIONS are or may be by any genera,
law of this State authorized to possess, ana SAID
omnorvm NAV exerciseits corporate powers within
any other State of the United States tnaV snaii
authorize The same.
ARTICLE II.
CAPITAL STOCK.
SEC. 1. The capital stock Of this corpora non is
hereby fixed at THREE MILLION DoLLAho
(s3. DOC. OOO), represented by IH!hIY Tdu ~,
SAND SHARES of ONE HUNDhEO DOLLAh .s
fs1O0 EACH. with the right to increase sad
capital stock to TWELVE MILLION DOLLARS;
provided that said corporation shall be organized
Under the incorporators herein nalneo,, wno
shall constitute the Board Of Directors and shall
hold their office, together Win tlle Isiomin e
named gentlemen, who shall be the ofhcers OF
the Company until the second "Wednesday IN
January. 1877: Officers, E. b. WHEELO N,
President: HUGH KENNEDY, Vice President;
| s. II. KENNEDY, Treasurer. when one nun
dred and ffty Thousand dollars (s15O, OO0) OF the
canitai stock shall have been subscribed, the
Board of Directors are authorized TO commence
the construction Of the road, and TO carry OUT te
provisions of this charter; to enable them 10 90
this, subscriptions to the capital STOCK shal De
|
| this amount has been subscribed.
| SEC D The time and manner OF payment Ior
stock shall be such as may be determined by the
| Board of Directors, provided, however, that no
cali shall be made OF more .nah + isn per nd tbrtv
DAYS must elapse before another Call can DC
made. ,o,a Eob,o Nv ra.
sponsible for the contracts aud faults OF tne com
| many in apy further sum than the unpaid balance
| nr balances due Che company on shares owned by
him. nor shall any informalltles III the or8aniza-
ton have The effect Of annulling this Charter, OF
of exposing stakeholder to any LIABILITY p.yoho
the amount of his stock SUBSCRIPTION unpaiu, !, !,
Sac. A. The domicile of the company snail pe
the CITY of New Orleans, and citation shall DC
served there on the President Of the company, OF
in his absence, on the Vice President; A.,
SEC. 5. The 8 ock books shall be Kept al ths
ofic of the Company, whence certificates OF stocl
shall be issued to the subscribers, but no trans
fer OF stock shall be binding upon he COMPANY
until made upon its stock books. ana no stocl
certificate shall be issued except for full palt
stock. 49,, o,.. ~ an,
Subscriber to pay the lu~tailments on his stock a.
| reonred. the Board of Directors shall nave th
option. after thir days written notice TO TN
delinnuent. of forfeiting his stock or the amount
previously paid thereon anu no d sS1h0i''
SEQ. 7. All rules relative to the declaration o
dividends or divisions of profits, as well as ia
bylaws of the Company, shall be made by TN
Board OF Directors, but said rules ana bylaw
shall be subject to repeal, change or modlhca
tion by the holders f majority OF the STOCK q
the Company at their meeting.
ARTICLE III.
GENERAL POWERS.
The said companyls empowered anu au'iloi
ICED: ,,o
a railroad with one or more tracks ana suisapi
l nl
mon such a course or route as may be deeme
NV a majority of the Directors OF SAID compan
| most expedient, beginning at point on the ME
sissippi River at New Orleans, or between NeN
Orleans and the parish of Iberviile. on the r1gh
hank of the Mississippi, and Baton Rouge on tn
left bank; or from New Orleans or Berwick
{ Paw. via Vermilonville, in the parish or Lafay
cite, and Opelousas, in the parish OF st. Landry
or from any OF said points, or rom any poLn
within the limits of this State, and running theme
towards and to the city Of Shreveport. or tn
citv of Marshall or Dallas in the State OF Texas,
such direction and route or routes as SAID copan
/, | shall fix and with such connecting Dranches
} the State of Louisiana as may 10 oeeine
proper. ,o., o, ,,,o;r
Second-To locate, construct, lease, own, man
, tain and use such branch railroads and tracks O
a majority of the Directors OF said company ma
from time to time deem proper and expealel
and for the interest Of said company to own an
to nse and lease, and they shall not be restrlcte
} in fine exercise Of this privilege to the State {
. Louisiana. but may connect their nam hne VII
o any other line or lines in other States wnlc
shall authorize the exercise OF said prlviieg
within their limits, and the said company sha
: have a right to establish and maintain In tn
! city of New Orleans proper freight and passel
f Ger depots. and to connect them by tracks an
Ferries with the left bank of the Mississippi Rive
at such point or points as may be deemed moi
! convenient for the public interest, and to use
snch ferries steamboats, and other vessels, an
for the purposes Of such depots, tracks ana fe
RES. may acquire property by appropriation.
I TbirdLTo construct, establish, or purchase
y this state. and thereafter, to own, lease, man
tain and use suitable wharves, piers, ware nous
t Yards steamboats,, harbors, depots, stations al
h other works and appurtenances connected WI
! and incidental to said railway and its come
tions. and to run and manage the same as u
> Directors of the said Company may deem TO
most expedient and to the welfare OF said corp
Fourth-To take, transport, carry and COW
/ persons and property upon its said railway al
its boats. by power of steam or any other powt
and to receive for safekeeping and to store me
n chandise and property in its yards or warehouse
r aud to receive for such transportation, safekee
4 ing or storage such tolls and charges as m
= from time to time be established or authorized