The New Orleans bulletin., 1875-12-23
CHARTER.
STATE OF LOUISIANA,

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| STATE OF LOUISIANA,
| PARISH OF ORLEANS, CITY OF NEW ORLEANS,
| BE IT KNOWN, That on this twenty y-nintf
dsy of the month of June, in the year of oul
| Lord one thousand eight hundred and seventy
five, and Of the United States of America the
ninety-ninth.
Before me, JOHN G. EUSTIS, Notary Pub
| lie, in and for this CITY, and parish Of Orleans
i State of Louisiana, duly commissioned and quail
| fed and in the presence of the witnesses here.
matter named and undersigned
LEY, E. B. WHEELOCK, HUGH KENNEDY
| JOHN PHELPS, JOHN H. KENNARD, CYRUS
| BUSSEY, GEORGE JONAS, ". B. SCHMIDT
JAMES A. GIRDNER, JULIUS WELS Z. L,
RANLETT and DAVID WALLACE, all resi-
dents of ehis 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 'sOrganization of Corporations" in
thi State. they do, By these presents, form,
organize, constitute and found a Corporation for
the objects and purposes as shall hereafter be
enumerated ana set forth; and to that end they
do hereby covenant anu agree to form ala con-
stitute, and do, by these presents form and con-
stitute themselves, and all such other persons as
may hereafter become associated with them,
whether by subscription, purchase, transfer,
succession or otherwise, into Body Cor
porate,n 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 ss,d Corporation.
ARTICLE l.
NAAIE.
The name and title of said corporation shall be
the NEW ORLEANS PACIFIC RAILWAY COM
PANY, and by that name shall have succession,
and have corporate eXl-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 genera
law of this State authorized to possess, aud said
company may exercise its corporate powers within
any other State of the United States that shall
authorize the same.
ARTICLE II.
CAPITAL STOCK.
SEC /. The capital stock Of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
$4,000 ,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
under the incorporators herein named, who
shall constitute the Board of Directors and shall
hold their Office, together with the following
the Company until the second Wednesday in
January, 1877 Officers, E. B. WHEELOGK,
President; HUGH KENNEDY, Vice President;
s. II. KENNEDY, Treasurer. When one hun
dred and fifty thousand dollars (Sl50,oc0) 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.
SEC. 8. No stockholder 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.
tipn haze me euect OF annuling this Charter, on
Of exposing d stakeholder to any liability beyond
the amount of his stock subscription unpaid
SEC. 4 The dornicile OF the company shall be
..le city OF New Orleans, and citation shall De
served there on the President of the company, OF
in his absence, on the Fice-Presdent.
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 no trans
fer of stock shall be binding upon The Company |
stil made upon its stock books, and 10 stock |
certificate shall be issued except for full paid |
jtoCk.
SEC. g. In the case of failure on the part of any
to pAy the instalments on his stock as
,eQured the Board of Directors shall have the [
option, after thir days written notice to the /
of forfeting his stock, or the amounts
previously paid thereon; and no stockholder |
hall 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 |
bylaws of the Company, shall be made by the |
3oard of Directors but said rules and bylaws |
hail be subject to repeal, change or modifca-
ion by the holders If a ma jority OF the stock OF
he Company at their meeting.
ARTICLE III.
GENERAL POWERS.
The said company ls empowered and author
Led:
First-To locate, construct, lease, own and use
railroad with one or more tracks and suitable
of such guage and construction and
pOn such course or route as may be deemed
" a majority of the Directors of said company
aost expedient, 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 Berwlck's
iay, via VermiiliOnvile, in the parish OF Lafay-
tie and OpelOusas, in the parish of st. Landry
T from any of said points, or from any point
'ithn the limits of this State, and running thence
0wards and to the city of Shreveport, or the
ltV OF MafSnail or Dd]ldS, III rue oaUe OF leSdS IN
uch direction and route orroutes as said company
hall fix, and with such connecting branches III
be State Of Louisiana as may be deemed
roper.
Second--To locate, construct, lease, own, main
ain and use such branch railroads and trScks 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 Of this privilege to the State of {
ouisiana, but may connect their main line with /
nv o4bar limo Sr IOnG i'm Otber States which &