The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-29
CHARTER.
STATE OF LOUISIANA,

STATE OF LOUISIANA,
p.RIsH OF ORLEANS, CITY 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
Pefore me. JOHN G. EUsTIs, Notary Pub
lie in and for this CITY, and parish OF Orleans,
State of Louisiana, duly commissloned and quail
fed and in the presence OF the Witnesses here-
matter named and undersigned:
Personally came and appeared, G.. W. r. BAY
LEY. q. b. WHEELOCK, HUGH KENNEDY,
John PHELPS, JOHN 81. KENNARD, CYRUS
BUSSEY, GEORGE JONAS, "; B. SCHMIDT,
JaWES A. GIRDNER, JULIUS WEIS, Z. l..
RANTFTT and DAVID WALLACE, all resi-
dents of this city, who severally declared
That, ayailing themselves OF the powers,
rights and privileges conferred Dy tne sIa-
| tries of the State OF Louisiana, relative
| to the Reorganization of Corporations, In
| tbi, State, they do, by these presents, form,
| organize, constitute and found a corporation Tor
| the objects and purposes as shall hereafter be
enumerated and set forth; and 70 that emu tney
| 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
NAV hereafter become associated with them,
whether by subscription, purchase; transfer,
| succession or otherwise, into q BODY Cor
norate.n and Hereunder bind themselves, and
| all who NAV hereafter become associated with
| them. to be governed by the following stlpu-
Iations obligations and regulations as articles OF
the charter of said Corporation.
ARTICLE I.
| 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. tepce for and during the
| full term and period OF twenty-five (2o) years
from the date of the execution of these presents,
unless sooner dissolved In the manner hereinafter
4 Id fOy.T ou
| real and personal property, may make contracts,
| NAV 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
comoapy NAV exerciseits corporate powers within
| any other State of the United States that snail
| authorize The same.
ARTICLE II.
| CAPITAL STOCK.
SEC I. The CAPITAL stock of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
ts3OO000o), represented by I 1Ii o IHuo
| islOOl EACH, with the right to increase said
canital stock to TWELVE MILLION DOLLARS,
provided that said corporation shall be organized
under the incorporators herein named, who
shall constitute the Board OF Directors ara snall
hold their Office, together with the following
named gentlemen, who shall be the officers OF
the Company until the second Wednesday ID
January, 1877: Officers, p. b. WHEELO3h,
President; HUGH KENNEDY. Vice President
| S. II. KENNEDY, Treasurer. When one hum
dred and fifty thousand dollars $3.50 OOO) OF the
canital stock shall have been subscribed the
Board of Directors are authorizedfo CONNIE nee
the construction Of the road and to carry out the
provisions of this charter; to enable them to DC
Ibis, subscriptions to the capital stock shall be
due and payable as herein provided for when
this amount has been subscribed.
SEC. q The time and manner of payment fol
stock shall be such as may be determined by lhe
| cd
call shal be made of more than ten per cent III
per cent? on each share at any tlme and thirty
DAYS must elapse before another call can bt
made.
snonsible for the contracts and faults OF the com
pany in any further sum than the unpaid Dalanct
or balances due the company on shares owned b!
him nor shall any informalities in the organize
ton have the effect OF annulling TINS ChaTter o.
of exposing stakeholder to any liability beyond
the amount OF his stock subscription unpaid.
SEC T. The domicile of the company shall DC
the CITY of New Orleans, and citation shall bt
served there on the President OF the company, o.
in his absence, on the Vice-President.
SEC. s. The ock books shall be kept at the
Office of the Company, whence certificates OF stool
shall be issued to the subscribers, but no trans
fer of stock shall be binding upon The Compan,
until made upon it's stock books. and no stool
certificate shall be issued except for full pait
stock.
subscriber to pay the in-tallments on his stock a
reouired. the Board of Directors shall have thu
onion after thir days written notice to tht
DELINQUENT of forfeiting his stock, or the amount
previously paid thereon and no stockholde
tball have the right to vote while in default
SEC 7. All rules relative to the declaration o
dividends or divisions of profits. as well as tn
bylaws Of the Company, shall be made by thu
BOARD of Directors, but said rules and bylaw
shall Se subject to repeal, change or modlhca
ton bv the holders f majority OF the stock O
! the Company at their meeting.
ARTICLE III.
GENERAL POWERS.
The said company is empowered and author
ICED:
First-To locate construct, lease, own and us
a railroad with one OF more tracks ana slutapi
turnouts, of such guage and construction an
upon such course or route as may pc aeene
by q majority of the Directors OF said compan
most expedient, beginning at point on the Mis-
. sissippi River at New Orleans, or between Ney
Orleans and the parish OF Iberville, ON the RICH
bank of the Mississippi, and Baton Rouge on tn
/ left bank; Or from New Orleans or Berwick
: Bav. via Vermillonville, in the parish OF Lafay
cite. and Opelousas, in the parish OF st. Landry
or from any of said points, or from any pom
within the limits of this State, and running theme
towards and to the city OF Shreveport or ID
CITY of Marshall or Dallas, in the State OF Texas, Il
such direc lion and route or routes as said compan
shall fix, and with such connecting branches il
the State of Louisiana as may be deeme
proper.
Second-To locate, construct, lease, own, main
tain and use such branch railroads and tracks 8
majority Of the Directors of said company :, ma ma
from time to time deem proper and expedlen
and for the interest of said company to own AM
to use and lease and they shall not be restricte
in the exercise Of this privilege to the State e,
Louisiana, but may connect their main line WIT
any other line or lines in other States whic
;. shall authorize the exercise of said privileg
within their limits, and the said company sha
l., 1,Rl> avA ton in h
CITY of New Orleans proper freight and passen
ger depots, and to connect them by tracks :, an
ferries with the left bank of the Mississippi Rive
at such point or points az may be deemed mos
convenient for the public interest, and to use i
. such ferries steamboats, and other vessels, an
for the purposes of such depots, tracks ana fer
ries. may acquire property by appropriation.
Third To construct establish, or purchase Il
this State and thereafter, to own, lease, man
tain and use suitable wharves, piers, Warehousr
Yards. steamboats,, harbors, depots, stations, an
other works and sppurtenances connected wit
and incidental to said railway and its connec
4 4ha. au n