The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-22
CHARTER.
STATE OF LOUISIANA,

BE 1T KNOWN, That on tnls tWeHty-uiAt
dsy OF the month of June, in the year OF our
r ord one thousand eight hundred and seventy
five, and of the United States OF America the
Def Before me, JOHN G. EUs1Is, a Notary Pub
lie. in and for this citz, and parish OF orleans,
state of Louisiana duly commissioned and quail
fed, and in the presence OF the witnesses mere
matter named and undersigned:
Personally came ana appeared, 6; "; 4, B I,A4y
LEY, E. B. WHEELOCK, HUGH h NE NED;
BUssEY, GEORGE JONAS, W. B: SCHMIDT,
JAMES A. GIRDNER, JULIUS WEIS, L. L!
RANLETT and DAVID WALLACE, all resl-
dents of this city, who severally declared
That, availing. themselves OF In Inc . powers
tutes of the State of Louisiana. relative
to the Reorganization of Corporations, In
thi State, they do, by these presents, form,
organize, constitute and found 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 hereaf become associated with them,
whether by subscription, purchase, transfer,
succession or otherwise, into 'Body Cor
porate." and Hereunder bind themselves, and
an who NAV hereafter become associated with
them. to be governed by the following stpu-
lations obligations and regulations as ARTICLES OF
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 exirtence 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,
NAV receive grants OF land or personal property,
and shall possess all the powers and privileges
which corporations are or may be by any genera
law of this State authorized to possess, and SAID
com pany NAV 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
(s3, 900, 0O0), represented by IHiRI1 THoU.
$1,000 EACH, with the right to increase said
capital stock to TWELVE MILLION DOLLARS.
provided that said corporation shall be organized
nnder the incorporators herein named, who
shall constitute the Board OF Directors ana 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, d. b. WHEELOCk,
President; HUGH KENNEDY, Vice President.
s. Fl. KENNEDY, Treasurer. When one hun
bred and fifty Thousand dollars (Sl5O,OOO) 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 40
Ibis 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 40
per cent? on each share at any time, and thirty
DAYS must elapse before another call can be
made
SEC. g. No stakeholder shal be held liable ORE
sponsible for the contracts and 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-
tion have the effect of annulling this Charter, or
of exposing stakeholder to any liability beyond
the amount of his stock subscription unpaid.
! Sec T. The domicle 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 Vlce-Presldent.
SEC s The ock 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
certificate shall be issued except for full paid
stock.
SEC. g. In the case of failure on the part of any
subscriber to pay the intallments on his stock as
| required, the Board of Directors shall have the
| option. after thir days written notice to the
delipnuent of forfeitng his stock, or the amounts
previously paid thereon; and no stakeholder
Shall have the right to vote while in default.
SEC. 7. All rules relative to the declaration OF
dividends or divisions Of profits, as well as the
| bylaws of the Company, shall be MADE by the
shall be subject to repeal, change or modlt1ca-
ton by the holders f a majority OF the stock OF
the Company at their meeting.
ARTICLE III.
| GENERAL POWERS.
The said company Is empowered ana author-
lied:
| a railroad with one or more tracks and suitable
turnouts of such guage and construction and
| upon such course or route as may be deemed
| by majority of the Directors OF said company
| most expedient beginning at point on the Mis-
sissippi River at New Orleans, or between New
Orleans and the parish OF Ibervllle, on the right
bank of the Mississippi, and Baton Rouge on the
| left bank; or from New Orleans or berW'ck
Bay via Vermillonville in the parish oil Lafay-
cite. and Opelousas, in the parish OF st. Landry,
or from any of said points, or from any, point
within the limits of this State, and running thence
towards and to the city of Shreveport. or the
CITY of Marshall or Dallas, in the State OF Texas, IN
such direction and route or routes as SAID company
shall fix, and with such connecting branches in
| fine State of Louisiana as may be deemed
! pj oper.
Second-To locate, cons truct lease, own, main
tain and use such branch railroads and tracks as
majority of the Directors of said company may
from time to time deem proper and expedient
and for the interest of said company to own and
to use and lease and they shall not be restricted
in the exercise Of this privilege to the State of
Louisiana, but may connect tner main line with
any other line or lines in other States which
shall authorize the exercise of said privilege
within their limits, and the said company shall
have a right to establish and maintain in the
city of New Orleans proper freight and passen,
ger depots, and to connect them by tracks and
ferries with the left bank of the Mississippi River
at such point or points as may be deemed most
convenient for the public interest and to use in
such ferries steamboats, and other vessels and
for the purposes of such depots, tracks ana fer
ries, may acquire property by appropriation.
| Third To construct, establish, or purchase In
this State and thereafter, to own, lease, main
tain and use suita bic wharves, piers, warehous
wards, steamboats,, harbors, depots, stations. and
other works and appurtenances cor. ected with
and incidental to said railway and it's connec-
| tions. and to run and manage the same as the
Directors of the said Company may deem to be
| most expedient and to the welfare OF said corpo-