The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-28
CHARTER.
STATE OF LOUISIANA,

dav OF the month of June, in the year Oh our
Lord one thousand eight hundred and seveni!.
Ave, and Of the United States oil Aniefi0a 'N'
Bef1re me, JOHN @. EUSJIS, Notary Pub
lie IN and for this city, and parish OF orleans
State of Louisiana, duly commissioned and quAn-
a=i 81 II tha presence or tne Witnesses heie-
mater named and undersigned:
Personally came ana appeared, @: "; X; BAY
LEY, r. y. wHEELOCK, HUGH kENNEDl,
T0HS PHELPS, JOHN H. KENNARD, ClKgS
BUSsEY, GEORGE JONAS, ": b; SGHhipI'
LANES A. GIRDNER, JULIUS MEls, L. l..
RANIFTT and DAVID WALLACE, all resi-
dents of this city, who severally declared
That. availing themselves of the powers
rights and privileges conferred by the sIa-
tutes Of the State Of Louisiana, relative
to the Generalization of Corporations, IN
thi State. they do, by these presents, form,
organize. constitute and found a Corporation ior
the objects and purposes as snail hereafter y, DC
enumerated and set forth; and TO that eno 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 Win Ihein'
whether by subscription, purchase; transfer ser
succession or otherwise, into BODY Cor,
porate." and Hereunder bind themselves, ana
ali who may hereafter become associated with
them. TO be governed by the following stlpu,.
lations obligations and regulations as articles OF
the charter of said Corporation.
ARTICLE 1.
NAME.
The name and title Of said corporation shall pc
the NEW ORLEANS PACIFIC RAlLWA1 Ooa-
PANY and by that pame shall have succession,
and have corporate exirtence for and during the
full term and period OF twenty-five (Zo) years
from the date of the execution OF these presents
unless sooner dissolved III the manner hereinafter
nroyided for; may sue and be sued, may hold
real and personal property, may make contracts,
NAV receive grants OF land or personal properly,
and shall possess all the powers and privileges
which corpora tons are or may be by any genera,
law of this State authorized to possess, and SAID
comnany NAV eXercseits corporate powers Wltiun
anv other State of the United States that snail
authorize The same.
ARTICLE II.
| CAPITAL STOCK. .' ...
SEC. l. The capital stock OF this corpora ton ID
| hereby fixed at THREE MILLION DOLLAno
! $50 900 OOO), represented by Thirty IhOO-
SAND SHARES Of ONE HUNDhED poLhA aa;s
| (s1OO) EACH with the right to increase sald
capital stock to TWELVE MILLION DOLLAhS
provided that said corporation shall be organized
under the incorporators herein named, VINO VINO
| 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, B. WHEEtoIk,
President; HUGH KENNEDY, Vice President
S. H. KENNEDY, Treasurer. When oo one 81 nun m
canital stock shall have been subscribed, the
| Board of Directors are authorized to CONNIE nee
the construction of the road, and to carry out the
provisions of thi0 charter; to enable them TO 40
This subscriptions to the capital stock shall be
| 1na and payable as herein provided for when
| this amount has been subscribed.
| SEC. 2. The time and manner OF payment tor
stock shall be such as may be determined by the
Board of Directors, provided, however, tnat 1S
| call shall be made Of more than ten per cent az
per cent? on each share at any time, and thirty
DAYS must elapse before another call can be
made. ,,,
snonsible for the contracts aud faults OF the com
| many in any further sum than the unpaid balance
or balances due the company on shares owned by
him. nor shall any informaities in the organlza-
tion have the effect of annullng this Charter, OF
of exposing stockholder to any Liability o1yonc
the amount of his stock subscription unpaid
SEC. 4. The domiciie of the company shall De
the CITY of New Orleans, and citation shall be
served there on the President of the company, OF
in his absence, on the ce-President.:
| SEC. s. The ock books shall be Kept at the
Office of the Company, whence certificates OF stocl
shali be issued to the subscribers but no trans
fer Of stock shall be binding upon The Company
until made upon it's stock books, and no stocl
certificate shall be issued except for 1uii palo
SIC. 6. In the case Of failure on the part OF any
subscriber to pay the in-tallments on his stock al
REQUIRED. the Board of Directors shall have the
option, after thir days written nouce 10 tne
| "
previously paid thereon and no stockholdel
Shall have the right to vote while in default.
SIC. 7. All rules relative to the declaration o
dividends or divisions of profits, as well as TIT
bylaws Of the Company, shall be made by the
Board of Directors, but said rules and bylaw
shall be subject to repeal, change or moolhca
ton by the holders # a majority of the stock o
the Company at their meeting.
ARTICLE III.
GENERAL POWERS.
The said company is empowered ana author
lied:
First-To locate, construct, lease, own and us
railroad with one or more tracks and suitable
turnouts of such guage and construction ant
upon such a course or route as may De deemed
by majority of the Directors OF said compan
| most expedient, beginning at point on the Mis-
sissippi River at New Orleans or between New
Orleans and the parish OF Ibervie, on the RICH
bank of the Mississippi, and Baton Rouge on tn
left bank; or from New Orleans or Berwick
Bay, via Vermillionville, IN the parish Oh Lalay
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 tn
CITY of Marshall or Dallas in the State OF Texas, Il
such direction 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
I
from time to time deem proper and expeden
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 9
louisiana, but may connect tseir 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
, have a right to establish and maintain in til
civ of New Orleans proper freight and passen
ger depots, and to connect them by tracks 8 an
ferries with the left bank of the Mississippi Rive
at such point or points as may DE deemed mos
convenient for the public interest, and to use il
such ferries steamboats, and other vessels an
for the purposes of such depots, tracks ana feI
ries. may acquire property by appropriation.
Third To construct, establish, or purchase i
this State, and thereafter, to own, lease, main
tain and use suitable wharves, piers, warehouse
yards, steamboats,, barbors, depots, stations, an
other works and appurtenances connected wit
and incidental to said railway and its connee
tions, and to run and manage the same as tn
Directors Of the said Company may deem to b
most expedient and to the welfare of said corpc
ration.
Fourth-To take, transport, carry and conve
; | opd nropertV upOn its said railway an