The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-19
CHARTER.
STATE OF LOUISIANA,

| BE IL hNONN, mat On tnls tWenty-nlnt
| day 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 tn
ninety NINTH
Before me, JOHN G. EUsTIs, Notary Pub
Lie, in and for this city, and parish of Orleans
| fed, and in the presence of the witnesses here
matter named and undersigned:
Personally came ana I appeared, G: "; r; BAY
LEY, E. B. WHEELOCK, HUGH KENNEDY
JOHN PHELPS, JOHN 3. KIE5NNARD, CYRU:
| BUsSEY, GEORGE JONAS, ". 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
to the Organization of Corporations" in
thi State, they do, by these presents, form
organize, constitute and found Corporation fo1
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-
sttute, and do, by these presents, form and con-
stitute themselves, and all such other persons
may hereafter become associated with them,
whether by subscription, purchase. transfer,
succession or otherwise. into q ''Body Cor
porate," and hereunder bind themselves, and
all who may hereafter become associated with
them, to be governed by the following stipu-
lations, obligations and regulations 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 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
provided for; may sue and be sued, may hold
real and personal property, may make contracts,
TO -
and 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 exercise its corporate powers within
any other State of the United States that shall
authorize the same.
ARTICLE II.
CAPITAL STOCK.
Sec. /. The capital stock of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
$50, O00,00O), represented by THIRTY THOU
SAND SHARES of ONE HUNDRED DOLLARS
($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
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, p B. WHEEL0oK,
s. Fl. KENNEDY, Treasurer. When one hun
dred and fifty thousand dollars (s150,000) 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 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 payment for
stock shall be such as may be determined by the
Board of Directors, provided, however, that no
,al1 aha III ha mada of than ten r,ar
Der cent? on each share at any time, and thirty
lays must elapse before another call can be
made.
Sec. 8. No stakeholder shall be held liable or re-
,ponsible for the contracts and faults of the COM
oany in any further sum than the unpaid balance
n balances due the company on shares owned by
lin, nor shall any informalities in the organiza
ion have the effect Of annulling this Charter, or
If exposing stakeholder to any liability 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 OH the President of the company, or |
q his absence, on the Vice-President.
Sec. 5. The stock 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 it's stock books, and no stock |
ertifcate shall be issued except for full paid |
took.
SEC. 6. In the case of failure on the part of any
equired, the Board of Directors shall have the |
ption, after thir y 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. T. 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 modiica-
on by the holders IF majority of the stock of
of their noaotjnp
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
rnouts, of such guage and construction and
BON such course or route as may be deemed |
a majority of the Directors of said company
ost expedient, beginning at 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
~, via vermillionville, 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 ofthis State, and running thence |
wards and to the city Of Shreveport, or the
~ of Marshall or Dallas, in the State of Texas, in
oh direction and route or routes as said company
all fix, and with such connecting branches in
g State Of Louisiana as may be deemed
oper.
Second--To locate, construct, lease, own, main
in and use such branch railroads and tracks as
majority Of the Directors of said company may {
om time to time deem proper and expedient
d for the interest OF said company to own and 3
use and lease, and they shall not be restricted I
the exercise of this privilege to the State of {
but may connect tseir main line with !
Y other line or lines in other States which q
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
ries with the left bank of the Mississippi River
such point or points may De deemed most C
nvenient for the public interest, and to use in
ch ferries steamboats, and other vessels, and n
the purposes of such depots, tracks ana fer .
8, may acquire property by appropriation.
Third To construct, establish, or purchase in
8 State, and thereafter, to own, lease main
n and use suitable wharves, piers, warehouses
Ids, 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
'ectors of the said Company may deem to be
st expedient and to the welfare Of said corpo-
ion.
'ourth-To take transport, carry and convey
.1,r-1.. / I