The New Orleans bulletin., 1875-09-03
CHARTER.
STATE OF LOUISIANA,

STATE OF LOUISlANA,
BE 1T KNOWN, That on this twenty-nintl
day OF the month of June, in the year Of ou
Lord one Thousand eight hundred and seventy
five, and of the United States of America tn
ninety ninth.
Before me, JOHN G. EUs1Is, Notary Pub
lie, in and for this ctv. and parish of Orleans
fed, and in the presence of the witnesses here
matter named and undersigned:
Personally came mean and 4 daPpeared, G; " B. BAY
LEY, E B; WHEEL0GK, HUGH RENMEDY y
BUssEY, GEORGE JONAS, W. B. SCHMIDT
JAMES A. GIRDNER, JULIUS wEIS, Z. 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" in
thi State, they do, by these presents, form,
organize, constitute and found Corporation for
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 here after become associated with them,
whether by subscription, purchase; transfer,
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 Dame shall have succession,
and have corporate exi- tence 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
which corporations are or may be by any general
law of this State authorized to possess, and said
company may exerciseits corporate powers within
authorize the same.
ARTICLE II.
CAPITAL STOCK.
Sec. /. The capital stock of this corporation is |
hereby fixed at THREE MILL ION DOLLARS |
So, 600, ,000), represented by THIRTY THOU
SAND SHARES of ONE HUNDRED DOLLARS
s100) EACH, with the right to increase said |
capital stock to TWELVE MILLION DOLLARS,
provided that said corporation shall be organized
luder the incofporators herein named, who
hall constitute the Board of Direct re- and shall
lold their Office, together with the following
famed gentlemen, who shall be the officers Of
he Company until the second Wednesday in
duudTy, lot OUlC6Ts, d. W h,I
President; HUGH KENNEDY, Vice President;
. H. KENNEDY, Treasurer. When one hun
red and fifty thousand dollars ($150, ,000) of the
apital stock shall have been subscribed, the
,oard Of Directors are authorized to commence
be construction of the road and to carry out the
rovisions of thiu charter; to enable them to do
his, subscriptions to the capital stock shall be ,
ue and payable as herein provided for when
ais amount has been subscribed.
SEC. 2. The time and manner OF payment for
hall ha Nv,
oard of Directors, provided, however, that no +
all shall be made of more than ten per cent 40 !
or cent? on each share at any time, and thirty
ays must elapse before another call can be 8
lade. I
SEC 8. No stockholder shau be held liable or re-
)onsbe for the contracts and faults of the COM !
any in any further sum than the unpaid balance +
balances due the company on shares owned by {
i'm, nor shall any informalties in the organiza-
on have the effect of annulling this Charter, or
exposing stockholder to any liability beyond
10 amount of his stock subscription unpaid.
Sec. 4. The domicile of the company shall be q
e city of New Orleans, and citation shall be = !
rived there ON the President OF the company, or =
his absence, on the Vlce-President.
SEC. 5. The ock books shall be kept at the =
ice of the Company, whence certificates of stock
all be issued to the subscribers but no trans !"
r Of stock shall be binding upon he Company
It'll made upon it's stock books, and no stock r,
rtfcate shall be issued except for full paid - \
)ck. VI =.
SEC. G. In the case Of failure on the part of any
bscriber to pay the installments on his stock as
luired, the Board of Directors shall have the
ton. after thir y days written notice to the
nquent, of forfeiting his stock, or the amounts m
eviously paid thereon; and no stakeholder sc
Ill have the right to vote while in default pi
SEC 7. All rules relative to the declaration Of 81
idends or divisions of profits, as we'll as the th
laws of the Company, shall be made by the m
ard of Directors, but said rules and bylaws th
III be subject to repeal, change or modifca- sh
a by the holders f majority of the stock of co
Company at their meeting. a
th
ARTICLE TIT