The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-20
CHARTER.
STATE OF LOUISIANA,

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:
Personally came and appeared, q. w. Il. BAY
JOHN PHELPS, JOHN h. KENNARD, CYRUS
BUSsEY. GEORGE JONAS, W. B. SCHMIDT,
JAMES A. GIRDNER, JULIUS WEIS, E. l..
RANLETT and DAVID WALLACE, all resi-
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 Corporation Tor
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 body Cor
porate," and Hereunder bind themselves, and
all 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 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 exi-teDce 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,
aud shall possess all the powers and privileges
| a.. iar, mo Y 10
law of this State authorized to possess, and sald
company may exerciseits corporate powers within
any other State of the United States that shall
authorize the same.
ARTICLE II.
CAPITAL STOCK.
SEC. l. The capital stock Of this corpora ton is
hereby fixed at THREE MILL ION DOLLARS
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, Th1
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, D B. WHEELo "A,
S. H. KENNEDY, Treasurer. When one hun
bred and fifty thousand dollars $3.50, 0O0) OF the
capital stock shall have been subscribed, the
Board of Directors are authorized to CONNIE nee
the construction Of the road and to carry out the
nrovisions 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 g. The time and manner OF payment for
stock shall be such as may De determined py me
Board of Directors, provided, however, that no
call shall be made of more than ten per cent (lO
per cent? on each share at any time, and thirty
DAVIS must elapse before another call can be
made.
sponsibe 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 shall any informalltles in the organlza-
ton have the effect OF annulhng TINS Charter, OF
of exposing stakeholder to any liability beyond
the amount of his stock subscription unpaid.
| SEC a. The domcile 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 Vlce-President.
SEC. 5. The ock books shall be kept at the
office of the Company, whence certificates or 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.
subscriber to pay the iu-tallments on hs stock as
required, the Board of Directors shall have the
option. after thr days written notice to the
previously paid thereon; and no stockholdel
shali 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 modlhca
ton by the holders If majority OF the stock o.
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 anc
| upon such course or route as may pc deeneo
by majority of the Directors OF said company
most expedient, beginning at point on the Mis-
sissippi River at New Orleans, or between New
Orleans and the parish OF Iberville. on the right
bank of the Mississippi, and Baton Rouge on the
left bank or from New Orleans or Berwick
Bay, via Vermillionvile, in the parish OF 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 thence
towards and to the city OF Shreveport or the
city of Marshall Dallas, in the State OF Texas, IL
sucb direction and route or routes as said company
shall fix. and with such connecting branches IL
the State Of Louisiana as may be deemec
proper.
tain and use such branch railroads and tracks as
| U
from time to time deem proper and expedienl
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 O
Louisiana, but may connect their MAN line witt
anv other line or lines in other States which
shall authorize the exercise of said privilege
within their limits, and the said company shal
have a right to establish and maintain in the
civ of New Orleans proper freight and passen
ger depots, and to connect them by tracks san; ant
Ferries with the left bank of the Mississippi Rivel
at such point or points as may DE deemed mos
convenient for the public interest and to use II
for the purposes of such depots, tracks ana fer
ries, may acquire property by exproprlatlon. :.
ThirdLTo construct, establish, or purchase il
this State, and thereafter, to own, lease, main
tain and use suitable wharyes, piers, warehouse
wards, steamboats,, harbors, depots, stations, an6
other works and appurtenances connected witt
and incidental to said railway and its connec
tiops. and to run and manage the same as the
Directors of the said Company may deem to bf
most expedient and to the welfare OF said corpo
ration.
persons and property upon its said railway ant
it's boats by power of steam or any other power