The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-07
CHARTER.
STATE OF LOUISIANA.

CHATTER.
4 -~S~~~~re~~~s--)-~-t -ooS~~o>->->-7-~~ro-
j III STATE OF LOUISIANA,
PARISH OF ORLEANS, Cry OF NEW ORLEANS,
BE TT KNOWN, That on this twenty-nint
day Of the month of June, in the year of GU
Lord one Thousand eight hundred and seventy
five, and OF the United States of America tn
lninety-ninth.
Before me, JOHN G. EUs1Is, Notary Pub
lie. in and for this citv. 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; v; r BAY
JOHN PHELPS, JOHN 81. KENNARD, CYRU
JAMES A. GIRDNER, JULIUS Wells, z. L
RANLETT and DAVID WALLACE, all resi-
dents of this city, who seyeralIy declared
That, availing themselves OF the powers
tutes Of the State Of Louisiana, relatiy,
to the Reorganization OF Corporations" il
| thi State, they do, by these presents, form
organize, constitute, and found q Corporation fo
| the objects and purposes as shall hereafter bt
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 81
may hereafter become associated with them
whether by subscription, purchase. transfer
6uCCcSblUui VI OtucKWl66, lnUO DOuy OOr,
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 /.
NAME. =
The name and title of said corporation shall be
the NEW ORLEANS PACIFIC RAILWAY COM
PANY, and by that pane shall have succession
md hov ia nyi ,{a for nd y.ivy he
full term and period Of twenty-five (25) years
from the date Of the execution or 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
which corporations are or may be by any general
law OF this State authorized to possess, and said
company may exerclseits corporate powers within
any other Sta te of the United States that shall
authorize che same.
ARTICLE II.
p CAPITAL STOCK.
Sec. i. The capital stock of this corpora ion is
hereby fixed at THREE MILLION DOLLARS
tsso0, 900 o. ,oo0), represented By THIRTY THoU,
$500 EACH, with the right to increase said
capital stock to TWELVE MILLION DOLLARS,
provided that said corporation shall be organized
under tho incorporates herein named, who
shall constitute the Board Of Directcrs 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, e. B. WHEELOCK,
President; HUGH KENNEDY, Vice President;
s. Il. KENNEDY, Treasurer. When one hum
dred aud fifty thousand dollars ($15O, O0O) 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
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. t-
SEC s. No stakeholder shall be held liable or re-
sponsible FOR the contracts and faults OF the COM
psny In any further sum than the unpaid balance
or balances due the company on shares owned by
him, nor shall any informalities in the organizar
ton have the effect of annulling this Charter or
Of exposing stakeholder to any liability beyond
the amount OF his stock subscription unpaid.
Sec. 4. 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. ~ SiyJ
SEC. 5. The stock books shall ba 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
to pay the installments on his stock as
required, the Board of Directors shall have the
option, after thir y days written notice to the
of FORGETTING his stock, the amounts
previously paid thereon and no stockholder
hall have the right to vote while in default.
SEC. Z. All rules relative to the declaration of
lividends or divisions of profits, as well as the
y laws Of the Company, shall be made by the |
Board OF Directors, but said rules and bylaws |
hall be subject to repeal, change or modifca-
ion by the holders Of q majority Of the stock of
he Company at their meeting.
ARTICLE III.
GENERAL POWERS.
The ssid company is empowered and anthor-
zed: ylI1 s 4r r ME-
First--To locate, construct, lease, own and use |
railroad with one or more tracks and suitable |
urnouts, OF such guage and construction and |
pom such course or route as may be deemed /
y q majority of the Directors Of said company
lOst expedient, beginning at point on the Mis-
issippi River at New Orleans, or between New
'rleans and the parish Of Iberville, on the right
ank Of the Mississippi, and Baton Rouge on the
1T bank; or from New Orleans or Berwieks
lay, 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
ithin the limits of this State, and running thence
owards and to the city Of Shreveport. or the
ity Of Marshall Dallas, in the State OF Texas in
ueh direction ana route or routes as said company
hall fix, and with such connecting branches in
be State Of Louisiana as may be deemed
roper,
SeooDd-To locate, construct, lease, own, main
lin and use such branch railroads and tracks as
majority Of the Directors OF said company may
om time to time deem proper and expedient
nd for the interest Of said company to own and
use and lease, and they shall not be restricted
the exercise CT this privilege to the State Of
ouisiana, but may connect tneir main line with
ny other line or lines in other States which
nall authorize the exercise Of said privilege
thin their limits, and the said company shall
ave right TO establish and maintain in the
ty of New Orleans proper freight and passen-
Or depots, and to connect them by tracks and
rries with the left bank of the Mississippi River
such point or points as may be deemed most
,nvenient for the public interest, and to use in
lch ferries STEAMBOATS, and other vessels, and
r the purposes of such depots, tracks and fer
es, may acquire property by appropriation.
Third TO construct, establish, or purchase in
IN l. - l.