The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-28
CHARTER.
STATE OF LOUISIANA,
PARISH OF ORLEANS, CRY OF NEW ORLEANS, !

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:
Personally came and appeared G. w. q. BAY
LEY, E. B. WHEELOCK, HUGH KENNEDY
JOHN PHELPS, JOHN II. KENNARD, CYRU:
JAMES A. GIRDNER, JULIUS WEIS, i. 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" IL
thi State, they do, by these presents, form
organize, constitute and found q 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 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 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 tepce 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,
may receive grants OF land or personal property,
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 exerclselts corporate powers within
any other State of the United States that shall
authorize she same.
ARTICLE II.
CAPITAL STOCK.
SEC l. The capitJ stock Of this corporation is
hereby fixed at THREE MILLION DOLLARS
fs3. OO0. OO0), represented by THIRTY 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
shall constitute the Board Of Direct rs 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. WHEELO FIX,
President; HUGH KENNEDY, Vice President;
s. III. KENNEDY, Treasurer. When one hun
bred and fifty Thousand dollars (S150,0G 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
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 10
per cent? on each share at any time, and thirty
days must elapse before another call can be
made.
SEC. 3. No stakeholder shau be held liable ORE
sponsible for the contracts and faults OF the COM
pany in any further sum than the unpaid balance
or balances due the company on shares owned by
him, nor shallsny informalities IN the organiza-
ton have the effect of annuing this Charter, or
of exposing stakeholder to any liability beyond
the amount OF his stock subscription unpaid
SEC f. 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-Presidenr.
SEC 5. The ock 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 The Company
until made upon its stock books, and no stock
certificate shall be issued except for full paid
stock.
SEC 6. In the case of failure on the part Of any
subscriber to pay the in-tallments on his stock as
required, the Board of Directors shall have the |
option, after thir y days written notice to the
of orfeiting his stock, or the amounts
paid thereon and no stakeholder |
hall 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 |
hall be subject to repeal, change or moditica-
ion by the holders # majority Of the stock Of
he Company at their meeting.
ARTICLE III.
GENERAL POWERS.
The said company is empowered and author
zed:
First-To locate, construct, lease, own and use
railroad with one or more tracks and suitable
of such guage and construction and
pon such course or route as may be deemed
" majority of the Directors Of said company
nost expedient, beginning at point on the Mis-
issippi River at New Orleans, or between New
,reans and the parish OF Iberville. on the right
ank of the Mississippi, and Baton Rouge on the
eft bank or from New Orleans or Berwicks
say, via Vermillionville, in the parish OF Lafay
tie, and Opelousas, in the parish of st. Landry,
r from any of said points, or from any point
7ithn the limits Of this State, and running thence
owards and to the city Of Shreveport. or the
uch direction and route or routes as said company
hall fix, and with such connecting branches in
be State Of Louisiana as may be deemed
roper.
Second-To locate construct, lease, own, main
ain and use such branch railroads and tracks as
majority OF the Directors of said company may
rom time to time deem proper and expedient !
nd for the interest of said company to own and
use and lease, and they small not pc restricted
i the exercise of this privilege to the State Of
.ouisiana, but may connect their main line with
nv other line or lines in other States which
hail authorize the exercise Of said privilege
-thin their limits and the said company shall
ave right to establish and maintain in the
ity of New Orleans proper freight and passen- :
er depots, and to connect them by tracks and
,rries with the left bank of the Mississippi River
t such point or points az may DE deemed most
onvenient for the public interest and to use II
lch ferries steamboats, and other vessels, and .
" the purposes Of such depots, tracks ana fer
es. may acquire property by appropriation.
Third TO construct, establish, or purchase in
lIs State, and thereafter, to own, lease, main
lin and use suta BILE wharves, piers, warehous 4,
ards, steamboats,, harbors, depots, stations, and
Their works and appurtenances con ected with
I'D incidental to said railway and its connec-
ons, and to run and manage the same as the !
irectors Of the said Company may deem to be
ost expedient and to the welfare OF said corpo- :
Ition. 4,
Fourth-To take, transport, carry and convey I
arsons and property upon its said railway and !
5 boats, by power of steam or any other power, !
I'd to receive for safekeeping and to store mer-
landise and property in its yards or warehouses,
Id to receive for such transportation, satekeep .
q or storage such tolls and charges az may !