The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-09
CHARTER.
STATE OF LOUISIANA.

STATE OF LOUISIANA,
+ PARISH OF ORLEANS, CRY OF NEW ORLEANS,
= BE 1T KNOWN, That on this twenty mint
dsy OF the month of June, in the year of on
= Lord one thousand eight hundred and seventy
five, and of the United States Of America th
ninety-ninth.
y Before me, JOHN G. EUsIIs, Notary Pull
lie, In and for this city, and parish of Orlean
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. W. R. BAY
% LEY, E. B. WHEELOCK, HUGH KENNEDY
: JOHN PHELPS, JOHN II. KENNARD, CYRU
BUssEY, GEORGE JONAS, ". B. SCHMIDT
RANLETT and DAVID WALLACE, all resi-
: dents of this city, who severally declared
That, availing themselves OF the powers
e rights and privileges conferred by the sta
tutes OF the State of Louisiana, relatiy,
to the Organization Of Corporations" il
thi State, they do, by these presents, form
organize, constitute and found Corporation fol
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 s.Body Cor.
porate," and hereunder bind themselves, and
all who may hereafter become associated with
them, to be governed by the following s.ipu-
lations obligations and regulations as articles of
the charter OF said Corporation
ARTICLE /.
| 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 existence 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
| haI
real and personal property, may 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 anv general
law Of this State authorized to posse ST., 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 corporal ton is
hereby fixed at THREE MILLION DOLLARS
hEs pr 9Ns by THRTY THoU
($100) 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 |
January, 1877; Officers, p B. WHEEL6oK,
s. II. KENNEDY, Treasurer. When one hun.
dred and fifty Thousand dollars $3.50 OOO) of the
capital stock shall have been subscribed. the
Board OF Directors are authorized to commence
provisions Of this 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 paymeut 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 I
per cent? on each share at any time, aud thirty
days must elapse before another call can be {
made.
Sec. g. No stakeholder sha u be held liable or re-
,ponsible for the contracts aud faults of the com.
oany in any further sum than the unpaid balance
)r balances due the company on shares owned by t
aim, nor shall any infOrmalties in the OrganiZa- |
ion have the effect Of annulling this Charter, or
II exposing stakeholder to any liability beyond
he amount Of his stock subscription unpaid. q
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 ce-President. lS
SEC. 5. The stock books shall be kept at the =
fhce OF the Company, whence certificates of stock
hall be issued to the subscribers but no trans "
err Of stock shall be binding upon The Company
ntil made upon its stock books, and no stock f.
ertlficate shall be issued except for full paid II
took.
Sec. g. In the case of failure on the part of anv
ubscriber to pay the installments on his stock SIS
equired, the Board of Directors shall have the
ption after thir days written notice to the
of FORGETTING his stock, or the amounts n
reviously paid thereon and no stakeholder y
hall have the right to vote while in default. y
SEC. Z. All rules relative to the declaration of 9,
vidends or divisions of profits, as well as the u
y-laws OF the Company, shall be made by the pa
GARD OF Directors, but said rules and bylaws u
lall be subject to repeal, change or modifica. 81
on by the holders f majority of the stock Of &C
le Company at their meeting. a
ARTICLE iii.
GENERAL POWERS. pr
The said company is empowered and author n
ed: vi
First-To locate, construct, lease own and use W.
railroad with one or more tracks and suitable =.
rnouts. Of such guage and construction and WI
ION such a course or route may be deemed
a majority of the Directors Of said company
ost expedien', beginning at point on the Mis-
'sippi 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 Vermionville, in the parish of Lafay-
10, 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
of Marshall or Dallas, in the State Of Texas, in
ch direct ton and route or routes as said company
al fix, and with such connecting branches in
, State OF Louisiana as may be deemed !
per.
locate, construct lease, own, main -
n and use such branch railroads and tracks as Sat
majority Of the Directors of said company may Ne
m time to time deem proper and expedient O 0nI
for the interest Of said company to own and al
and lease and they shall not be restricted hul
he exercise Of this privilege to the State of GOO
lisiana, but may connect taer main line with N
other line or lines in other States which =,
IL authorize the exercise of said privilege Y
hin their limits and the said company shall
9 a right to establish and maintain in the -
Of New Orleans proper freight and passen- s aIu
depots, and to connect them by tracks and lily
les with the left bank of the Mississippi River curl
UGH point or points as may be deemed most -. -
venient for the public interest, and to use in "a
ferries steamboats, and other vessels, and Oh
the purposes Of such depots, tracks ana fer T..
may acquire property by appropriation. -N
hird To construct, establish, or purchase in
State, and thereafter, to own, lease, main- PAR
and use suitable wharves, piers, warehouse :.
Is, steamboats,, harbors, depots, stations and 81
r works and appurtenances connected with OF ID
incidental to said railway and its connec- one
), and to run and manage the same as the ard
ctors of the said Company may deem to be Anne
expedient and to the welfare Of said corpo. BE
n. lic il