The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-31
CHARTER,
STATE OF LOUISIANA,
PARISH OF ORLEANS, CRY OF NEW ORLEANS,

, Parish OF ORLEANS, CITY OF NEW ORLEANS,
BE 1T KNOWN, That on this twenty-nin
day Of the month Of June, in the year of o.
Lord one thousand eight hundred and sevent
five, and Of the United States of America Il
ninety-ninth.
Before me, JOHN G. EUSIIS, Notary Pul
lie, in and for this CITY, and parish of Orlean
State Of Louisiana, duly commissioned and qual
fed, and in the presence of the witnesses her
matter named and undersigned:
LEY, E. B. WHEELo5hK, HUGH KENNEL!
JOHN PHELPS, JOHN 81. KENNARD, CYRU
BUSSEY, GEORGE JONAS, w. B. SCHMIDT
JAMES A. GIRDNER, JULIUS WEIS, E.
RANLETT and DAVID WALLACE, all res
dents of this city, who severally declared
That, availing themselves of the power:
rights and privileges conferred by the sta
tutes Of the State Of Louisiana. relativ
to the Reorganization Of Corporations" il
| thi State. they do, by these presents, form
| 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 a.
may hereafter become associated with them
whether by subscription, purchase, transfer
succession or otherwise, into a Body Cor
porate," and hereunder bind themselves, ant
all who may hereafter become associated witt
them, to be governed by the following stpu
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 name shall have succession,
and have corporate ext 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
nx,jI a1 for and ha I'D 1olJ
real and personal property, may make contracts,
may receive grants of land or personal property,
and 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 exercised s corporate powers within
any other State of the United States that shall
authorize the same.
ARTICLE II.
CAPITAL STOCK.
Sec. 1. The capit.l stock Of this corporation is
hereby fixed at THREE MILLION DOLLARS
($3, GOO, 000), represented by THIRTY THOU
SAND SHARES of ONE HUNDRED DOLLARS
($100) 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 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, b. B. WHEEL0cK,
). II. KENNEDY, Treasurer. When one hun
ired aud fifty thousand dollars $3.50 000) of the
"a pital stock shall have been subscribed, the
Board Of Directors are authorized to commence
he construction OF the road, and to carry out the
provisions Of this charter; to enable them to do
his, subscriptions to the capital stock shall be
lue and payable as herein provided for when
his amount has been subscribed.
Sec. 2. The time and manner OF payment for
took shall be such as may be determined by the
5oard of Directors, provided, however that no |
all shall be made OF more than ten per cent 10
yer cent? on each share at any time, and thirty
lays must elapse before another call can be !
made.
SEC 8. No stakeholder shall be held liable or re-
ponsible for the contracts aud faults OF the COM
ANY in any further sum than the unpaid balance |
r balances due the company on shares owned by |
m nor shall any infOrmalities in the organiza- |
ion have the effect of annuling this Charter, or
I exposing stakeholder to any liability beyond |
he amount of his stock subscription unpaid
SEC. 4. The domicie of the company shall be
he city of New Orleans, and citation shall be
erved there on the President OF the company, or
! his absence, on the Vice-Presdent.
SEC. 5. The ock books shall be kept at the
flee of the Company, whence certificates Of stock
hall be issued to the subscribers, but no trans
n of stock shall be binding upon he Company
ntil made upon it's stock books, and no stock
artifcate shall be issued except for full paid
;ock.
SEC. 6. In the case of failure on the part of any
lbscrber to pay the iustallments on his stock as
quired, the Board Of Directors shall have the
,tion, after thir days written notice to the
,linquent, OF FORGETTING his stock, the amounts
'eviously paid thereon and no stakeholder
lall have the right to vote while in default.
Sec. 7. All rules relative to the declaration of /
vidends or divisions of profits as well as the
laws Of the Company, shall be made by the
lard Of Directors but said rules and bylaws
all be subject to repeal, change or modifca-
IN by the holders # a majority of the stock of
e Company at their meeting. a
ARTICLE III.
GENERAL POWERS. IL
The said company is empowered and author y
ID: /
First-To locate, construct lease own and use y
abroad with one or more tracks and suitable v
rnouts, of ouch guage and construction and
on such a course or route as may be deemed
a majority Of the Directors of said company
,st expedienf, beginning at point on the MIS-
sippi River at New Orleans, or between New
leans and the parish OF Ibervile on the right
ak of the Mississippi, and Baton Rouge on the
t bank or from New Orleans or Berwick's
y, via Vermonvile, in the parish of Lafay-
e, and Opelousas, in the parish of st. Landry
from any of said points, or from any point
hin the limits ofthis State, and running thence
Yards and to the city of Shreveport, or the
Y Oh MaTeuhu Or DdlidS, Dtdte VI 1eAaE,
III direction and route or routes said company
III fix, and with such connecting branches in
State of Louisiana as may be deemed
per.
locate, construct, lease, own, main ..
a and use such branch railroads and tracks as tNS
majority of the Directors of said company may a,
m time to time deem proper and expedient n
for the interest of said company to own and 4,
Use and lease and they shall not be restricted hf
he exercise Of this privilege to the State of "a
lisiana, but may connect their main line with "
other line or lines in other States which
IL authorize the exercise of said privilege
hin their limits and the said company shall
g right to establish and maintain in the an
of New Orleans proper freight and passen- Tiff
depots, and to connect them by tracks and on
les with the left bank of the Mississippi River -
UGH point or points as may be deemed most m,
venent for the public interest and to use in ri
b f. rres steamboats, and other vessels, and ~
the purposes Of such depots, tracks ana fer
may acquire property by appropriation =
bird TO construct, establish, or purchase in
State, and thereafter, to own, lease, main Pa
and use suitable wharves, PIERS warehous &.
Is, steamboats,, harbors depots, stations, and 80
or works and appurtenances COM ected with u
incidental to said railway and it's connec- on
8, and to run and manage the same as the a.
,ct0rc IF tho said Comnapv NAV daan1 tn ha | AL