The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-16
CHARTER.
STATE OF LOUISIANA,


| 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
ninety ninth.
lie, 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:
1E PSrSfna VIE eRRsA H1aa
JOHN PHELPS, JOHN q. k I77 G1K iI1
BUSSEY, GEORGE JONAS, W: B. SCHMIDT,
JAMES A. GIRDNER, JULIUS WElS, Z. l..
RANLETT and DAVID WALLACE, an 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
thi State, they do, by these presents, form,
organize, constitute and found q 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 ana con-
stitute and do, by these presents, form ana con-
stitute themselves, and all such other persons as
NAV hereafter become associated with them,
whether by subscription, purchase, transfer,
succession or otherwise, into a BODY Cor,
porate," and Hereunder bind themselves, ana
all who NAV hereafter become associated with
them to be governed by the following stlpu-
latons, obligations and regulations as articles OF
the charter OF said Corporation.
ARTICLE l.
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 tence for ana during tne
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,
| ~ md or
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
| company may exerciseits corporate powers WITHIN
any other State OF the United states tnat snail
| authorize the same.
ARTICLE II.
| CAPITAL STOCK.
| SEC. l. The capital stock Of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
| (s3. OOO, OOO) represented by THIRTY THOU
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
| shall constitute the Board of Directors and shall
hold their Office, together with the following
named gentlemen, who shall be the ofhcers OF
the Company until the second Wednesday in
January, 1877: Officers, B. WHEELOCk,
President; HUGH KENNEDY, Vice President;
s. II. KENNEDY, Treasurer. When one hum
bred and fifty thousand dollars $3.50, OO0) 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 thiU 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. g. 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 (lO
| oh, nlnrn - lnnn
| DAYS must elapse before another call can be
SEC. 3. No stakeholder shau be held liable or re-
sponsbe for the contracts and faults OF the COM
pany in any further sum than the unpaid Dslance
| or balances due the company on shares owned by
him. nor shall any informalities in The organlza-
tion have the effect of annulling this Charter or
of exposing stakeholder to any liability beyond
tie amount of his stock subscription unpaid,
Sec T. The domicile 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 Vice-President.
SEC 5. The s4ock 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.
subscriber to pay the instaments on his stock as
required, the Board of Directors shall have the
option, after thir days written nouce to the
delinouent of forfeiting his stock or the amounts
| previously paid thereon; and no stockholder
shail 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
Board of Directors, but said rules and bylaws
shall be subject to repeal, change or modltca-
ton by the holders Of a majority OF the stock OF
the Company at their meeting.
ARTICLE III.
GENERAL. POWERS.
The said company is empowered and author
| lied:
First-To locate, construct, lease, own and use
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 Nils
| sissippi River at New Orleans or between New
Orleans and the parish of Ibervile. on the right
bank of the Mississippi, and Baton Rouge on the
left left bank; or from New Orleans or Berwick's
Bay, via vermillionville, in the parish OF 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, andrunning thence
towards and to the city of Shreveport, or the
city of Marshall Dallas in the State OF Texas IN
such direc ion and route or routes as SAID company
shall fix, and with such connecting branches In
the State of Louisiana as may be deemed
proper.
| Second-To locate, construct, lease, own, main
tain and use such branch railroads and tracks as
a 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 their 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 right to establish and maintain in the
CITY of New Orleans proper freight and passen-
ger depots, and to connect them by tracks 5 a! and
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
RES may acquire property by appropriation.
Third To construct, establish, or purchase IN
this State, and thereafter to own, lease, main
tain and use suitable wharves, piers, warehous s
yards, steamboats,, harbors, depots, stations, and
other works and appurtenances con ected with
and incidental to said railway and its 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-
ration.
| Fourth-To take, transport, carry and convey