The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-08
CHARTER.
STATE OF LOUISIANA.

Ininsty.nipth-
Before me. JOHN a. EUS1Is. Notary Pub
lie. in and for this citv. and parish Of Orleans
State Of Iouisiana dIIly fnmmissioned and DUAL
fed and in the presence of the witnessed here
matter named and undereiened;
y Personally came and appeared. G.. W, r. BAY
LEY. e. B.fWHEELOCK;a HUGH KENNEDY
JOHN PHELPS. JOHN ii. KENNARD. CYRUS
| BUSSEY. GEOKGE JONAS, W. b. SCHMIDT
lJAMESdA. iGIRDNER, JULIUS WELS, E. L
jIRANIETT and DAVID WALLACE. all real
dents Of this citv. who seyerally declared
| That availipo them selves OF the powers
rights and privileges conferred by the sta
/ tutes OF the State of Louisiana. relative
| TO the Organization Of Corporations" il
thi State. thew do. by these presents. form
forcapfze. constitute and found Corporation fol
1.-The objects and purposes as shall hereafter be
enumerated and set forth; and to that end they
do hereby covenant and agree to form and con.
stitnte. and 40 by these presents. form and con.
stitnte themseives and ali sr1ch other persons a,
NAV hereafter become associated with them
whether by subscription, purchase, transfer
succession or otherwise, into 'sBody Cor.
nora,en and thereunder bind themselves. and
Eli who NAV hereafter become Associated WITH
them. 10 be- Governed by the following stipu..
Ia t;ons obl;c.fons and reeulations as articles Of
the Charter Of ss;d CORPORATION. ''ee' =
'-,o prrcYrI
ARTICLE !.
a.a f4 tef.-sl NAME. tlr q5
The name and title of said corporation shall be
the NEW ORLEANS PACIFIC HALFWAY COM
PANY. and by that name shall have Succession.
and have CORPORATE exi. tence for and during the
fnll term and period of twenty-fye (25l Years
from the date OF the execution Of these presents.
unless sooner dissolved in the manner herenafte
nrovided for: NAV sue ana be sued. NAV hold
real and personal properly, may make contracts.
NAV receive grants OF land or personal property.
and shall possess al the powers and privileges
I.v ~ fhys Sts "a authorized II nossess and se;d
company may exerciseits corporate powers within
any other State of the United States that shall
authorize the same.
teaIsss4 =
m ,t AnAAOAe IL 44-
aE CAPITAL STOCK.
SEC. 1. The capitJ stock OF this CORPORA ton ia
hereby fixed at THREE MILLION DOLLARS
ga, oOo, ooo) represented By THIRTY TA0U;
F($lOO) EACH. with the ripht to increase said
capital stUck to TWELVE MILLION DOLLARS.
provided that said Corporation shall be oroanized
under the iucorporators herein named. who
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. H. KENNEDY, Treasurer. When one hun.
dred and fifty Thousand dollars $3.50 OoO) of the
CAPITAL stock snail 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 NAV be determined by The
Board Of Directors. provided. however that no
call shall be made OF more than ten Der cent 40
per cent on each share at any time. and thirty
DAYS must elapse before another call can be
made.
SEC. g. No stockholder shall be held liable or re-
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 shalI any informalities in the orpaniza
ton have the effect Of annuling this Chatter or
Of exposing stockholder 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 Vice. President.
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
Ter Of stock shall be binding upon The Conpany
until made upon it's stock books, and no stock |
certificate shall be issued except for full paid |