The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-08
CHARTER.
STATE OF LOUISIANA,

dsv or the month of June, in the year OF oul
| Lord one thousand eight hundred auu az
| five, and of the United States OF Am0iio"
niP Before me-. JOHN G. EUsTIs, Notary PUB
lie. in and for this CITY, and parish OF oreaI;
State of Louisiana, duly commissioned anu tsra
| fad and in the presence OF the Wltnessoe noAo
matter named and undersigned; w D RAW.
Personally came and appeared r. WWIiN m
LEY, E. B; WHE Ia i R REEHNARD. CYRUS
BUSsEY, GEORGE JONAS "; W, b ISL, SGH MI Z
IsMFS A. GIRDNER. JULIUS WEISS 4. L.
RANLETT and DAVID WALLACE, an resi-
| dents of this city, who severaly aeciareu ors
That, ayailing themselves anesrre cd by the sta.
tutes of the State Of LOUISIANA, re reis'ii IN =
to the Denomination OF Corporations, ~, -
thi; State, they do, by these presen ~ W. for
organize, constitute and found COrpora.eo.n 10 ha
the objects and purposes as s 81 .hat end thew
do hereby covenant and agree to .or1h anu oon-
stitute and do, by these PRESENTS 1orin anu ooli,
stitnte themselves and all such other persons DIS
nav hereafter become assoclateo VIII 49, s'
whether by subscrlpuon' ; pt,oa q "sRody Cor.
porate." and Hereunder bind themselves auu
ali who NAV hereafter become associated wlth
them. to be governed by the following stiPu u
ations obligations and regulations DID @i'i0toe Va
the charter OF said Corporation.
ARTICLE l.
NAME.
The name and title of said corporation sh an Ue
the NEW ORLEANS PACIFIC RAILWAY COM
PANY and by that name shall have succession,
and have corporate xi-tence for ana during tne
full term and period of twenty-five (2o) years
from the date of the execution OF these presents,
unless sooner dissolved in the manner hereihalce5
provided for; may sue and be sued, may hold
real and personal property, may make contracts
NAV receive grants of land or personal properly,
and shall possess all tie powers and privileges
which corpora tions are or may be by any general
law of this State authorized to possess, anu sa!u
company may exerciseits corporate powers Within
anv other State of the United States that shall
authorize The same.
ARTICLE II.
CAPITAL STOCK.
Sec, 1, The capital stock of this corporation is
hereby fixed at THREE MILLION DOLLARS
($3, GOO, 000), represented by Thirty IHOO-
SAND SHARES of ONE HUNDRED DOLLARS
(s10O) EACH, with the right to increase s san
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
January, 1877: Officers, 2. B. WHEELOCK,
President; HUGH KENNEDY, Vice President;
s. H. KENNEDY, Treasurer. When one hum
bred aud fifty thousand dollars (S150, OCO) 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
this subscriptions to the capital stock shall be
due and payable as herein provided Tor 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 8. No stakeholder shall be held liable or re-
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 shall any informalities in the organiza-
ton have the effect of annuling this Charter, or
of exposing stakeholder to any liability beyond
the amount OF his stock subscription unpaid.
Sec. 4. The domiciie 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 stock books shall be kept at the
office of the Company whence certificates of stock
shall be issued to the subscribers, but 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.
SEC. 6. In the case of failure on the part Of any
to pay the in-tallments his stock as
L
option, after thir days written notice to the
of forfeiting his stock, the amounts
paid thereon; and no stakeholder |
shall 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
flaws of the Company shah be made by the |
Board of Directors, but said rules and bylaws |
hall be subject to repeal, change or modfca- |
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 |
urnouts, Of such guage and construction and |
pOn such course or route as may be deemed |
y majority of the Directors of said company
most expedent, beginning at point on the Mis-.
issippi River at New Orleans, or between New
orleans and the parish OF Iberville on the right
ank Of the Mississippi, and Baton Rouge on the
eft bank; or from New Orleans or Berwck's
Say, via Vermillionville, in the parish OF Lafay-
tie, and Opeloueas, in the parish of ST. LANDRY
r from any of said points, Or from any point
7ithin the limits of this State, and running thence
owards and to the city of Shreveport, or the
ity of Marshall or Dallas, in the State of Texas, in
UGH 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
lin and use such branch railroads and tracks as
majority of the Directors of said company may
ON 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 Of this privilege to the State of
ouisiana, but may connect their main line with
ny other line or lines in other States which {
1all 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-
ar depots, and to connect them by tracks and q
rries with the left bank of the Mississippi River
such point or points as may be deemed most c
nvenient for the public interest, and to use in
ch ferries steamboats, and other vessels. and | 4
r the purposes of such depots, tracks and fer. 3
IS, may acquire property by appropriation
Third-To construct establish, or purchase in
Is State, and thereafter, to own, lease. main.
in and use suitable wharves, piers, warehouses
rds, steamboats,, harbors, depots, stations, and
her works and appurtenances connected with
d incidental to said railway and it's copnec-
MS, and to run and manage the same as the
rectors of the said Company may deem to he
ost expedient and to the welfare of said corpo.
ton.