The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-13
CHARTER.
STATE OF LOUISIANA,

| CHARTER.
STATE OF LOUISIANA, !
PARISH OF ORLEANS, CITY OF New ORLEANS
BE TT KNOWN, That on this twenty-nintl
day Of the month Of June, in the year of ou
Lord one thousand eight hundred and seventy
five, and Of the United States Of America thu
ninety-ninth.
Before me, JOHN G. EUsTIs, Notary Pub
Lie, in and for this citg. and parish Of Orleans
State Of Louisiana, duly commissioned and quail
fed, and in the presence of the witnesses here
matter named and undersigned:
LEY, E. B. WHEELookK, HUGH KENNEDY
JOHN PHELPS, JOHN 81. KENNARD, CYRUS
BUSSEY, GEORGE JONAS, W. B. SCHMIDT
JAMES A. GIRDNER, JULIUS Wells, E. L.
RANLETT and DAVID WALLACE, all resi-
dents of this city, who severaly declared
| That availing themselves Of the powers,
rights and privileges conferred by the sta
tutes Of the State of Louisiana, relative
to the Organization Of Corporations" in
thi State, they do, by these presents, form,
organize, constitute and found Corporation for
| the objects and purposes as shall hereafter be
| enumerated and set forth; and to that end they
do hereby covenant and agree to form and con-
stitute themselves, and all such other persons as
may hereafter become associated with them
whether by subscription, purchase, transfer,
succession or otherwise, into "Body Cor
porate," and hereunder bind themselves, and
all who may hereafter become associated with
them, to be governed by the following stipu-
latons, obligations and regulations as articles of
the charter oil said Corporation.
ARTICLE l.
NAME.
The name and title of said corporation shall be
the NEW ORLEANS PACIFIC RAILWAY CON-
PANY, and by that name shall have succession,
and have corporate existence for and during the
Fill ,kxxG
from the date Of the execution OF these presents,
unless sooner dissolved in the manner hereinafter
provided for; may sue and be sued, may hold
real and personal property, raay make contracts,
may receive grants OF land or personal property,
and shall possess all the powers and privileges
which corporations are or may be by any general
law Of this State authorized to posse SO, and said
company may exercise its corporate powers within
any other State Of the United States that shall
authorize the same.
ARTICLE II.
CAPITAL STOCK.
SEC. 1. The capital stock Of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
t$3, 000, 0O0), represented by THIRTY THOU
$1,000 EACH, with the right to increase said
capital stock to TWELVE MILLION DOLLARS, |
provided that said corporation shall be organized
under the incorporators herein named, who |
shall constitute the Board Of Direct rs and shall |
named gentlemen, who shall be the officers Of
the Company until the second Wednesday in |
January, 1877 Officers, e. B. WHEELOCK,
President; HUGH KENNEDY, Vice President;
g. Fl. KENNEDY, Treasurer, When one hun
bred and fifty thousand dollars ($l5O O0O) of the
capital stock shall have been subscribed, the
Board of Directors are authorized to commence
The construction of the road and to carry out the
provisions OF this charter; to enable them to do
his, subscriptions to the capital stock shall be
me nd dad fOr vrh |
his amount has been subscribed.
SEC. 2. The time and manner OF payment for
Itock shall be such as may be determined by the
3oard of Directors provided, however, that no
yer cent? on each share at any time, and thirty
lays must elapse before another call can be
made.
Sec 8. No stakeholder shall be held liable or re-
ponsble for the contracts aud faults Of the COM
ANY in any further sum than the unpaid balance
r balances due the company on shares owned by /,
m nor shall any infOrmalities in the organiza-
ion have the effect of annulling this Charter, or
I exposing stakeholder to any liability beyond
he amount OF his stock subscription unpaid
Sec. 4. The domicile of the company shall be I,
he city OF New Orleans, and citation shall be
erved there on the President of the company or
, his absence, on the Vice-President. n
Sec. 5. The sock books shall be kept at the :
flee of the Company, whence certificates of stock
hall be issued to the subscribers, but no trans
,r Of stock shall be binding upon The Company
ntil made upon it's stock books, and no stock .
ertifcate shall be issued except for full paid !
;ock.
Sec. 6. In the case of failure on the part of any
lbscrber to pay the installments on his stock as
'quired, the Board of Directors shall have the
,tion, after thir days written notice to the
slinquent, Of FORGETTING his stock or the amounts
'eviously paid thereon and no stakeholder 8
lall have the right to vote while in default. p
SEC. z. All rules relative to the declaration of g
vidends or divisions of profits, as well as the1 q
Laws of the Company, shall be made by the a
BARD OF Directors, but said rules and bylaws q
all be subject to repeal, change or modifica-
IN by the holders # 8 majority of the stock of G.
Q Company at their meeting.
ARTICLE III.
GENERAL. POWERS. p
The said company is empowered and author "
ID: i.
First-To locate, construct, lease, own and use NJ
railroad with one or more tracks and suitable "
rnouts, of such guage and construction and
ION such q course or route as may be deemed
majority OF the Directors Of said company
ost expedient, beginning at point on the Mis-
Isippi River at New Orleans, or between New
leans and the parish OF Iberville, on the right
nix Of the Mississippi, and Baton Rouge on the
t bank; or from New Orleans or Berwick's
y, via Vermillionville, in the parish OF Lafay-
e, and Opelousas, in the parish Of st. Landry,
from any of said points, or from any point
thin the limits OF this State and running thence
wards and to the city Of Shreveport, or the