The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-19
CHARTER.
STATE OF LOUISIANA,


Lord one thousand eight hundred and seventy
five, and of the United States of America the
Before me, JOHN G. EUs1Is, Notary Pub
lic 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, 6: ": R: BAY
LEY, 9. B: WHEELOCK, HUGH KENNEDY,
BUSsEY, GEORGE JONAS, W. B. SCHMIDT,
JAMES A. GIRDNER, JULIUS WEIS, E. L.
RANLETT and DAVID WALLACE, all resi-
dents of this city, who severally declared
That, availing. themselves of the powers,
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 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, and do, by these presents, form and con-
sttute themselves, and all such other persons as
NAV 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 stpu-
lations, 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 ext rtence 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,
Il oh oil cat! hn md IIy nyas
which corporations are or may be by any general
law of this State authorized to possess, and said
company may exerciseits 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
($3, 600, 000), represented by THIRTY TdOU-
SAND SHARES of ONE HUNDRED DOLLARS
(s1OO) 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
hold their Office, together with the following
named gentlemen who shall be the officers of
the Company until the second Wednesday in
1877: Officers, r. B. WHEELoCK,
President; HUGH KENNEDY, Vice President;
s. FL. KENNEDY, Treasurer. When one hum
bred and fifty thousand dollars $780, 00O) 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 40
per cent? on each share at any. time, and thirty
lays must elapse before another call can be
made.
SEC. 8. No stockholder shall be held liable ORE
,ponsible for the contracts and faults OF the com
oany in any further sum than the unpaid balance |
,r balances due the company on shares owned by |
him. nor shall any informalities in the organiza-
ion have the effect of annulling this Charter, or
If exposing stakeholder to any liza bility beyond |
he amount of his stock subscription unpaid.
SEC. 4. The domicile Of the company shall be |
he city of New Orleans, and citation shall be
erved there on the President of the company, or
n his absence, on the Vice-President.
SEC. 5. The ock books shall be kept at the
flee of the Company whence certificates of stock |
hall be issued to the subscribers, but no trans
or of stock shall be binding upon The Company
ntil made upon its stock books, and no stock
ertificate shall be issued except for full paid
took.
SEC. 6. In the case of failure on the part of any
ubscriber to pay the installments on his stock as
equired, the Board of Directors shall have the
ption, after thir days written notice to the
of forfeting his stock, or the amounts
reviousy paid thereon; and no stakeholder
hall have the right to vote while in default.
Sec. z. All rules relative to the declaration of
ividends or divisions Of profits, as well as the
y-laws of the Company, shall be made by the
GARD of Directors, but said rules and bylaws
lall be subject to repeal, change or modifca-
on by the holders # majority of the stock of
le Company at their meeting.
ARTICLE III.
GENERAL POWERS.
The said company is empowered and author
ed:
First-To locate, construct. lease, own and use
railroad with one or more tracks and suitable
of such guage and construction and
pom such a course or route as may be deemed
majority of the Directors of said company
ost expedenr, beginning at a point on the Mis-
ssippi River at New Orleans, or between New
rleans and the parish OF Iberville. on the right
INK of the Mississippi, and Baton Rouge on the
# bank or from New Orleans or Berwicks
ay, via VermiIionville, in the parish OF Lafay-
tie, 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
ty Of Marshall or Dallas, in the State of Texas, in
lch direc ion and route or routes as said company
lall fix, and with such connecting branches in
e State Of Louisiana as may be deemed
'oper.
S6cODu-lO lOCate, COuStTucl, ledse, OWL UalU-
in and use such branch railroads and tracks as
majority of the Directors of said company may E
ON time to time deem proper and expedient !
ID for the interest of said company to own and q
use and lease, and they shall not be restricted I
the exercise Of this privilege to the State of d
1uisiana, but may connect tneir main line with b
" other line or lines in other States which +
all authorize the exercise of said privilege
thin their limits, and the said company shall
we right to establish and maintain in the
y of New Orleans proper freight and passen-
r depots, and to connect them by tracks and a
rres with the left bank of the Mississippi River
such point or points as may DE deemed most CT
nvenent for the public interest, and to use in
ch ferries steamboats, and other vessels, and n
the purposes of such depots, tracks ana fer 81
IS, may acquire property by appropriation.
Third TO construct, establish, or purchase in
10 State and thereafter, to own lease main :
n and use suitable wharves, piers, warehouses
rds, steamboats,, harbors, depots stations, and
Ter works and appurtenances connected with
incidental to said railway and its connec-
rs, and to run and manage the same as the
rectors of the said Company may deem to be
,st expedient and to the welfare of said corpo-
ion.
Eourth-To take, transport, carry and convey
rsons and property upon its said railway and
boats, by power of steam or any other power,