The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-18
CHARTER.
STATE OF LOUISIANA,

PARISH OF ORLEANS, CITf OF NEW OhLEANc,)
BE 1T KNOWN, That on this twenty-ninth
dav OF the month of June, in the year OF our
Lord one thousand eight hundred and seventy
five, and of the United States of America the
n' Before me, JOHN G. EUs1Is, Notary Pub
lie, in and for this CITY, and parish OF Orleans,
State of Louisiana, duly commissioned aud quail
fed, and in the presence OF the witnesses here
matter named and undersigned:
Personally came ana aaPpeared, 6; " M1 T. BAY
LEY, E. B: WHEELOCK, hugh h hS M 1l91
JOHN PHELPS, JOHN B. KENN !, CYRUS 1l,S
JAMES A. GIRDNER, JULIUS WElS,, E. l..
RANLETT and DAVID WALLACE, all resi-
dents of this city, who severally declared
That, availing themselves of the powers,
tutes of the State Of Louisiana, relative
to the Organization of Corporatlons,' In
thi State. they do, by these presents, form,
organize, constitute and found q Corporation for
the objects and purposes as shall hereafter be
enumerated and set forth; and to that end they
do hereby covenant and agree to form aud con-
stitute, and do, by these presents, form and con-
stitute themselves, and all such other persons as
NAV hereafter become associated with them,
whether by subscription, purchase, transfer,
succession or otherwise, into BODY Cor,
norate." and Hereunder bind themselves, and
all who may hereafter become associated with
them. to be governed By the following stpu-
laticns. obligations and regulations as articles OF
the charter OF said Corporation.
ARTICLE l.
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 dullng the
full term and period OF twenty-five (25l 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 holo
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, and 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. 1. The capital stock of this corporation is
hereby fixed at THREE MILL ION DOLLARS
lS3. OOO, 0OO), represented by THIRTY THOU-
SAND SHARES of ONE HUNDRED DOLLARS
(s1O0) 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 aud 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 Il,
President. HUGH kENNEDl, Nlct
S. H. KENNEDY, Treasurer. When one hun
dred and fifty thousand dollars (S150,00 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 THU 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 q The time and manner Of payment for
stock shall be such as may be determined by the
s1oI hat M
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.
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
him nor shall any informalties in he organIza-
ton have the effect of annulling 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 OIesns, and citation shall be
served there on the President Of the company, or
in his absence, on the Vice-President.
SEC. S. 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 he Company
until made upon it's 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 nouce to the
DELINQUENT of FORGETTING his stock, or the amounts
previously paid thereon and no stockholder
sshall have the right to vote while in default.
SEC. T. All rules relative to the declaration OF
dividends or divisions of profits. as we'll 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 modific&-
h,,t bol1ara # a majority OF the stock OF
the Company at their meeting.
ARTICLE III.
GENERAL POWERS.
The said company is empowered and author
ICED:
First-To locate, construct, lease, own and use
a railroad with one or more tracks and suitable
turpouts of such guage and construction and
unon such course or route as may be deemed
by a. majority of the Directors OF said company
most expedien-, beginning at point on the Mis-
sissippi River at New Orleans, or between New
Orleans and the parish OF lbervlle on the night
bank of the Mississippi, and Baton Rouge on the
left bank: or from New Orleans or Berw g
Bay. via Vermillionville, in the parish OF Lafay-
cite. and Opelousas, in the parish OF st. Landry,
or frtm any of sad points, or from any point
within the limits OF this State, andrunnlnS thence
towards aud to the city of Shreveport. or the
CITY of Marshall Dallas in the State OF Iexas, III
such drec ion and route or routes az SAID company
shall fix and with such connecting branches II
the State of Louisiana as may ce deemed
proper. o:.
tain and use such branch railroads and tracks as
a majority of the Directors OF said company MAJ
from time to time deem proper and expedient
and for the interest Of said company to own and
to use and lease, and they shall not be restricted
in the exercise of this privilege to the State OF
Louisiana, but may connect ter nam line WITH
any other line or lines in other States which
shan authorize the exercise of said privilege
within their limits, and the said company shall
have right to establish and MAINTAIN IN the
CITY of New Orleans proper freight and passen
ger depots, and to connect them by tracks and
ferries with the left bank of the Mississippi River
at such point or points az may pe deemed most
convenient for the public interest, and to use IN
such ferries steamboats, and other vessels, and
for the purposes of such depots, tracks ana fer
RES. may acquire property by appropriation.
Third To construct, establish, or purchase i; IN
this State. and thereafter, to own, lease maln-
tain aud use suitable wharves, piers, warehous
yards, steamboats,, harbors depots, stations and
other works and appurtenances con ected with
and incidental to said railway and its connec-
tons, and to run and manage the same as the