The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-22
CHARTER.
STATE OF LOUISIANA,
I OF ORLEANS, CRY OF NEW Or

PARISH OF ORLEANS, CRY OF NEW ORLEANS,
BE 1T KNOWN, That on this twenty-ninth
day OF the month of June, in the year OF our
Lord one thousand eight hundred and seventy
five, and of the United States Of America the
Before me, JOHN G. EUsTIs, a Notary Pub
lie, in and for this CITY. and parish of Orleans,
State of Louisiana, duly commissioned and quail
fed, and in the presence of the witnesses here
matter named and undersigned:
Personally came and appeared, g; v; r. BAY
JOHN PHELPS, JOHN e. KENNARD, CYRUS
BUSSEY, GEORGE JONAS, W. B. SCHMIDT,
JAMES A. GIRDNER, JULIUS WEIS, E. L.
RANLETT and DAVID WALLACE, all resi-
dents of this, city, who severaly declared
rights and privileges conferred by the sta
tutes of the State of Louisiana, relative
to the Reorganization Of Corporations" in
thiJ State, they do, by these presents, form,
organize, constitute and found q Corporation Tor
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, and do, by these presents, 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.
pora,e," and Hereunder bind themselves, and
all who may hereafter become associated with
them, TO be governed by the following stipu-
the charter OF said Corporation.
ARTICLE 1.
NAME
The name and title of said corporation shall be
the NEW ORLEANS PACIFIC RAILWAY COM
PANY, and by that name shall have succession,
and have corporate exi-tence for and during the
full term and period of twenty-five (25) years
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, may make contracts,
may receive grants of land or personal property,
aud shall possess all the powers and privileges
which corporations are or may be by any general
law of this State authorized to possess, and said
company may exercised corporate powers within
any other State Of the United States that shall
authorize The same.
ARTICLE III.
CAPITAL STOCK.
SEC. l. The capital stock of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
SAND SHARES of ONE HUNDRED DOLLARS
(s100) EACH, with the right to increase said
capital stock to TWELVE MILLION DOLLARS.
provided that said corporation shall be organized
under the incorporstors herein named, who
shall constitute the Board of Directors and shall
hold their Office, together with the following
named gentlemen, who shall be the officers OF
the Company until the second Wednesday in
January, 1877 Officers, Z. B. WHEELOcK,
President; HUGH KENNEDY, Vice President;
S. H. KENNEDY, Treasurer. When one hun
bred and fifty thousand dollars $3.50, 000) 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 THU charter; to enable them to do
this, subscriptions to the capital stock shall be
due and payable as herein provided for when
this amount has been subscribed.
SEC. 2 The time and manner OF payment for
stock shall be such as may be determined by the
Board of Directors, provided, however, that no
call shall be made of more than ten per cent 90
per cent? on each share at any time, and thirty
DAYS must elapse before another call can be
made.
SEC. 8. No stockholder shall be held liable or re-
sponsible for the contracts aud faults of the COM
pany in any further sum than the unpaid balance
or balances due the company on shares owned by
him. nor shall any informalities in the organiza-
ton have the effect of annulling this Charter, or
Of exposing stakeholder to any liability beyond
the amount of his stock subscription unpaid.
SEC. 4. The domicile of the company shall be
the CITY of New Orleans, and citation shall be
served there on the President OF the company, or
in his absence on the Vice-President.
SEC 5. The sock books shall be kept at the
Office of the Company whence certificates OF stock
shall be issued to the subscribers, but no trans
fer of stock shall be binding upon 'he Company
until made upon its stock books, and no stock