The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-06
CHARTER.
STATE OFInUIafANA

| PARISH OF ORLEANS, CITf OF NEW ORLEANS,
BE TT KNOWN, That on this twenty-nint
day OF the month of June, in the year of OF
Lord one thousand eight hundred and eevent,
ninety-ninsh. 'A'
Before me, JOHN G. EUs1Is, Notary Pull
lie, in and for this citv, and parish Of Orlean
State OF Louisiana, duly commissioned and quail
fed, and ia the presence of the witnesses here
matter named and undersigned:
Personally came and appeared, G. w. Z. BAY
LEY, L. b. WHEELOCK, HUGH KENNEDY
JOHN PHELPS, JOHN Fl. KENNARD, CYRU
BUSSEY, GEORGE JONAS, ": B: SCHMIDT
JAMES A. GIRDNER. JULIUS WEIS, E. L
| RANLETT and DAVID WALLACE, all resi-
dents Of this city, who eeveraly declared
That, availing themselves OF the powers
rights and privileges conferred by the sta
tutes OF the State of Louisiana, relativ
to the Organization of Corporations" il
thi5 State, they do, by these presents, form
organize, constitute and found a 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 81
may hereafter become associated with them
whether by subscription, purchase. transfer
succession or otherwise, into eBody Cor
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 as 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 name shall have succession,
and have corporate existeDce 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,
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 exercise its corporate powers within
any other State of the United States that shall
authorize the same.
ARTICLE H.
CAPITAL STOCK.
SEC. /. The capital stock of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
100000, 000), represented BY THIRTY THOU
SAND SHARES Of ONE HUNDRED DOLLARS
($lOO) EACH, with the right to increase said
capital stock to TWELVE MILLION DOLLARS,
provided that said corporation shall be organized
uuder the incorporators herein named, who
shall constitute the Board OF Direct rs and shall
hold their Office, together with the following
named gentlemen, who shall be the officers Of
the Company until the second Wednesday in
January, 1877 Officers, E. B. WHEELOCK,
President; HUGH KENNEDY, Vice President;
s. II. KENNEDY, Treasurer. When one hum
dred and Fifty thousand dollars ($l50, 000) 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
cal 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. - e
Sec. 8. No stockholder shall be held liable or re-
sponsible for the contracts and faults OF the COM
pany in any further sum than the unpaid balance
Or balances due the company on shares owned by
aim, nor shall any informalties in the organize
ion have the effect of annulling this Charter or
of exposing stakeholder to any liability beyond
he amount Of his stock subscription unpaid.
{ SEC. A.. The domiciie of the company shall be |
he city OF New Orleans, and citation shall be |
'erved there on the President Of the company, or
u his absence, on the Vice-President.
Sec. 5. The stock books shall be kept at the |
,fice OF tie Company, whence certificates Of stock
hall be issued to che subscribers, but no trans
er Of stock shall be binding upon the Company |
Until made upon it's stock books, and no stock |
certificate shall be issued except for full paid |
took. IA
SEQ. 6. In the case of failure on the part of any
ubscriber to pay the installments on his stock as
equired, the Board Of Directors shall have the
ption, afser thir y days written notice to the
of FORGETTING his stock or the amounts
reviously paid thereon; and no stakeholder
ball have the right to vote while in default.
SEC. Z. ALI rules relative to the declaration of
ividends; or divisions of profits, as well as the
y-laws OF the Company, shall be made by the
card Of Directors, but said rules and bylaws
hall be subject to repeal, change or modiica-
on by the holders # a majority OF the stock of
le Company at their meeting.
ARTICLE III.
GENERAL POWERS.
The said companyis empowered and author
ed:
First-To locate, construct, lease, own and use
railroad with one or more tracks and suitable
Irnouts, of such guage and construction and
pom such course or route as may be deemed
&majsrity of the Directors of said company
ost expedien', beginning at point on the Mis-
asippi River at New Orleans, or between New
INK Of the Mississippi and Baton Rouge on the
It bank; or from New Orleans or Berwick's
~, via VermiiOnvile, in the parish Of Lafay-
te, and Opelousas, in the parish of St. Landry,
from any OF said points, or from any point
thin the limits OF this State and running thence
wards and to the city Of Shreveport. or the
y Of Marshall or Dallas in the State Of Texas, in
ch direction and route or routes as said company
all fix, and with such connecting branches in
9 State Of Louisiana as may be deemed
oper.
locate, construct, lease, own, main
IN and use such branch railroads and tracks as (
majority of the Directors Of said company may y
I'M time to time deem proper and expedient =
d for the interest OF said company to own and =
use and lease, and they shall not be restricted u
the exercise Of this privilege to the State of g.
uisiana, but may connect their main line with o
y other line or lines in other States which
all authorize the exercise of said privilege
thin their limits, and the said company shall
We right to establish and maintain in the :,
Y Of New Orleans proper freight and passen- Il
depots, and TO connect them by tracks and ~ ~
res with the left bank Of the Mississippi River
such point or points as may be deemed most =,
lvenient for the public interest, and to use in o.
h &rries steamboats, and other vessels, and ~
the purposes of such depots, tracks ana fer
}, may acquire property by appropriation. "
'hird-To construct, establish, or purchase in
State, and thereafter, to own, lease, main P.
and use suitable wharves, piers, warehouses
ds, steamboats,, harbors, depots, stations, and !.
or works and appurtenances connected with OF
incidental to said railway and its connec- on
49, and to run and manage the same as the a.