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

thi State, they do, by these presents, form
organize, constitute and found Corporation TO
the objects and purposes as shall hereafter b
enumerated and set forth; and to that end the
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
may hereafter become associated with them
whether by subscription, purchase; transfer
succession or otherwise, into "Body Cor
porate." and Hereunder bind themselves, ant
| all who may hereafter become associated will
them, to be governed by the following stipu
lations obligations and regulations as articles o
| the charter OF said Corporation.
ARTICLE I.
| NAME
The name and title of said corporation shall bt
the NEW ORLEANS PACIFIC RAILWAY COM
PANY, and by that pane shall have succession
and have corporate ext tence for and during the
| full term and period of twenty-five (25) year.
| from the date Of the execution OF these presents
unless sooner dissolved in the manner hereinafter
provided for; may sue and be sued, may hole
real and personal property, may make contracts
may receive grants of land or personal property
and shall possess all the powers and privileges
which corporal atoms are or may be by any genera
law of this State authorized to posses SO, and said
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 MILLION DOLLARS
(s3, DOC, OOO), represented by THIRTY THOU
SAND SHARES of ONE HUNDRED DOLLARS
(sl0O) EACH, with the right to increase said
capital stock to TWELVE MILLION DOLLARS,
provided that said corporation shall be organized
uoder the incorporators herein named, who
shall constitute the Board of Direct rs 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. WHEELO *,
President; HUGH KENNEDY, Vice President;
S. H. KENNEDY, Treasurer. When one hun
bred and fifty thousand dollars ($l50,O00) 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 thiU 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 40
per cent? on each share at any time, and thirty
days must elapse before another call can be
made.
SEC 8. No stakeholder shau be held liable or re-
sponsible for the contracts aud 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 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 e-President.
SEC 5. The ock books shall be 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
subscriber to pay the in-talments on his stock as
required, the Board Of Directors shall have the
option, after thir y days written notice to the
delinquent, of FORGETTING his stock or the amounts
paid thereon; and no stakeholder
: hall have the right to vote while in default
SEC. z. 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 modifca-
ton by the holders a majority Of the stock OF
the 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 |
Upon such course or route as may be deemed |
" majority of the Directors of said company |
most expedienr, 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 Berwick's |
Say, via Vermilionville, in the parish OF Lafay-
tte, and Opelousas, in the parish of st. Landry,
n from any of said points, or from any point
within the limits of this State and running thence
pyorla and N the rty Of SbraVepOrt the |
ty of Marshall Dallas in the State of Texas, in
UGH direc ion ana route or routes as said company
hall tx, and with such connecting branches in
he State of Louisiana as may be deemed
,rcper.
Second-To locate, construct, lease own, main
ain and use such branch railroads and tracks as
majority of the Directors of said company may
rom time to time deem proper and expedent
nd for the interest Of said company to Own and
o use aud lease, and they shall not be restricted
n the exercise of this privilege to the State Of
: Iuisiana, but may connect taeir man line with
ny other line or lines in other States which
hall authorize the exercise Of said privilege
yithin their limits, and the said company shall
ave a right to establish and maintain in the ,
ity OF New Orleans proper freight and passen-
er depots and to connect them by tracks and {
cries with the left bank of the Mississippi River
t such point or points as may be deemed most
onvenient for the public interest, and to use in
UGH ferries steamboats, and other vessels, and
,r the purposes of such depots, tracks ana fer
les, may acquire property by appropriation.
Third To construct esta Dlish, or purchase in
MS State, and thereafter, to own, lease, main ]
lin and use suitable wharves, piers, warehous s,
ards, steamboats,, harbors, depots, stations, and
Their works and appurtenances con ected with +,
nd incidental to said railway and its connec-
ons, and to run and manage the same as the
irectors of the said Company may deem to be
lost expedient and to the welfare of said corpo- ,
ltion.
Fourth-To take, transport, csrry and convey |.
arsons aud property upon its said railway and
8 boats, by power OF steam or any other power,
I'd to receive for safekeeping and to store mer-
landise and property in its yards warehouses, /,
I'D to receive for such transportation, safekeep-
g or storage such tolls and charges as may {
ON time to time be established or authorized to !
, established by Directors of said railroad COM
my.
To make advances of money or credits upon !,
erchandise or property, for changes made by \
her ira. sporation lines to be u ansported upon
railways, steamboats, or vessels, or to be I
ored in its yards or warehouses to such extent, .
ID upon such terms and conditions as the Direc- u
RS Of said Company msy from time to time es- q
blish or authorize to be established. u
Fifth-To obtain and receive by purchase,
1t Stata 4la,x,-