The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-09
CHARTER.
STATE OF LOUISIANA,

CHARTER. =.
STATE OF LOUISIANA,
pARrsH OF ORLEANS, CRY OF NEW ORLEANS,
RE TT KNOWN, That on this twenty ninth
day of the month of June, in the year OF our
Lord one thousand eight hundred ana seven1y.
five. and Of the United States OF America the
n'T Before me, JOHN G. EUsTIs, Notary, Pub
lie in and for this CITY, and parish OF orleans
State of Louisiana, duly commissioned ana quan-
fed and in the presence OF the witnesses nere-
matter named and undersigned: NV
Personally came and appeared, g: "; q; BhY-
LEY, E. B. WHEELOCK, HUGH h * NEIL;
JOHN PHELPS, JOHN II. KENNAHD, Cr Ifl1E
BUSSEY, GEORGE JONAS "; W.; b. 1u STaM Il =
RANLETT and DAVID WALLACE, al resi-
dents of this city, who severaLy declared
That. awaiting themselves Of the powers
rights and privileges conferred by Inc s si1ao
tnies Of the State Of Louisiana, relatlve
to the Organization of Corporations, In
thiy State, they do, by these presents, Iorll,
organize, constitute and found a Corporation Ior
the objects and purposes as snail herealteI 10
enumerated and set forth ana 10 tnas emu ooT
do hereby covenant and agree to form ana con-
stitute, and do, by these presents, form anu oo
stit1te themselves, and all such other persons as
NAV hereafter become associated with them'
whether by subscription, purchase; transfer ger
Succession or otherwise, into BODY Cor,
norate.n and Hereunder bind themselves, ana
ali who may hereafter become assoclated Will
them to be governed by the following stlpu..
iations obligations and regulations as articles Oh
the charter OF said Corporation.
ARTICLE 7.
NAME.
The name and title of said corporation small DC
the NEW ORLEANS PACIFIC k kId aoo SWm-
and have corporate existence for and during tne
full term and period of twenty-five (2ol years
from the date Of the execution OF these prese..s
unless sooner dissolved IN the manner nerelnaiC1l
nrovided for; may sue and be sued, may hoio
rreal and personal property, may make contracts,
NAV receive grants of land or personal properly,
| and shall possess all the powers and privileges
which CORPORATIONS are or may be by any genera,
law of this state authorized 70 noWers within
| any other State of the United states that shan
authorize the same.
ARTICLE II.
CAPITAL STOCK.
SEC. 1. The capital stock of this corpora 4on Is
hereby fixed at THREE MILLION DOMnAh AN
| ls3 600 0OO). represented by Thrifty THU,
SAND SHARES Of ONE HUNDRED DOLLA ad;S
(s1OO1 EACH, with the right to increase s 1alS
capital stock to TWELVE MILLION DOLLARS;
provided that said corporation shall be organized
nnder the incorporators herein named, VINO
shalI constitute the Board of Directors ana snail
hold their Office, together with tae I9i.ow Blow y
n I Ta1ensnv nnti the second Wednesday in
January, 1877 Officers, D. b. WHEEL0oh.
| President: HUGH KENNEDY, Vice PRESIDENT;
S. e. KENNEDY, Treasurer. When lei oc one nun III
bred and fifty Thousand dollars $3.50, OCO) OF the
| canitaI stock shall have been subscribed, the
BOARD of Directors are authorized to CONNIE nee
the construction of the road, and TO carry out tne
provisions Of thiD charter; to enable them 10 do
this, subscriptions to the capital stoc1 snai NC
| due and payable as herein PROVIDED Ior "hen
| tb;o on,ount has been subscribed.
| SEC. Q. The time and manner OF payment to1
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 ~
ner cent? on each share at any time, and thirty
DAYS must elapse before another Call can DC
SEC 2 No stakeholder shall be held liable or re-
sponsible for the contracts ana fauts OF 1ne CON
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 organlza
tion have the effect of annulng this Charter, OF
Of exposing stockholder to any liability beyone
the amount OF his stock subscription unpaid
SEc. 4. The domicile of the company shall be
the city Of New Orleans, and citation shall bt
served there on the President Of the company, OF
in his absence, on the Vice-President;
SEC. 5. The ock books shall be kept at I'M
Office of the Company, whence certificates OF stool
shall be issued to the subscribers, but no trans
fer of stock shall be binding upon 'he Compan!
until made upon it's stock books, and no stocl
certificate shall be issued except for fuli pal(
stock. 49,. ~ -,
subscriber to pay the installments on his stock a
required. the Board of Directors shall have tn
option. after thir days written notce to tn
DELINQUENT of forfeiting his stock, or the amount
previously paid thereon; and no stockholoe
shall have the right to vote while in default
SEC 7. All rules relative to the deciaratlon i
dividends or divisions of profits, as we'll as tn
bylaws of the Company, shall be made by tn
Board Of Directors, but said rules ana bylaw
shall be subject to repeal, change or modltca
ton by the holders Of a majority OF the stock Q
the Company at their meeting.
ARTICLE Ill.
| GENERAL POWERS.
Tue said company Is empowered ana au'hoi
lied: cd rs
a railroad with one or more tracks and st1tapl
tnrnonts. of such guage and construction an
upon such a course or route as may pc deeme
by a majority of the Directors OF said compan
most expedient, beginning at point on the mis-
sissippi River at New Orleans, or between Ne,
Orleans and the parish Of Iberville. on the righ
bank of the Mississippi, and Baton Rouge on tn
| left bank; or from New Orleans or Berwick
Bay. via VermillionviIle, in the parish OF Lafay
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 theme
towards and to the city OF Shreveport, or I'd
cityfof Marshall or Dallas, in the State OF Texas,
such direction and route or routes as SAID compan
shall fix, and with such connecting branches
the State of Louisiana as may be deeme
proper. ,o.,o o,r,, ,,,o;r
tain and use such branch railroads and tracks a
majority Of the Directors Of said leo company apsnsdes
md FOR the interest of said company to own an
to nae and lease and they shall not be restrlcte
in the exercise Of this privilege to the state
Louisiana, but may connect taelr main line Wit
any 1 other line or lines in other States whic
: shall authorize the exercise of said prlvlleg
within their limits, and the said company cha
have right to establish and maintain IN tn
city of New Orleans proper freight and passe1
ferries with the left bank Of the Mississippi, Rive
such point points as n may pe and to
Sunb e rries steamboats, and other vessels, an
the purposes Of such depos traeas ana e
RES may acquire property ~ yeh rrchsse
this State, and thereafter, to own, lease, mail
tain and use suitable wharves, piers, ware nous
wards steamboats,, harbors, depots, stations, an
other works and appurtensnces corrected VIII