The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-06
CHARTER.
STATE OF LOUISIANA,

STATE OF LOUISIANA,
PARISH OF ORLEANS, City OF New ORLEANS,
BE 1T KNOWN, That on this twenty-ninth
dsy OF the month of June, in the year Oh our
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
State of Louisiana, duly commissioned and quail
fed, and in the presence OF the witnesses here
matter named and undersigned; WI p,v
LEY, e. B. WHEELOCK, HUGH KENNEDY
JOHN PHELPS, JOHN d. KENNARD, CYRUS
BUSSEY, GEORGE JONAS, W. B. SCHMIDT,
JAMES A. GIRDNER, JULIUS WEIS, E. L.
RANLETT and DAVID WALLACE Aeas, az resi-
That, availing themselves OF the powers,
rights and privileges conferred by the sta
tutes Of the State OF louisiana, relative
to the Organization Of Corporations, In
organize, constitute and found a Corporation for
the objects and purposes as shall hereafter De
enumerated and set forth; and to that end they
do hereby covenant and agree to form ana 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 a "Body Cor,
porate." and Hereunder bind themselves, ana
all who may hereafter become associated WIN
laions. 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 ext tence for ana during the
full term and period OF twenty-five (Zo) 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,
NAV receive grants OF land or personal properly,
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 exerciseits corporate powers within
sny other State of the United States that shall
authorize the same.
ARTICLE II.
~ CAPITAL STOCK.
src /. The capital stock of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
00o) represented Py IaIhI1 hUH
(slOO) 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 ana snail
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 Hn oc one hun II
bred and fifty thousand dollars $3.50 O0O) 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 90
this, subscriptions to the capital stock snail oe
due and payable as herein provided Tor when
this amount has been subscribed.
SEC. Q. The time and manner OF payment fo1
stock shall be such as may be determined by the
Board of Directors, provided, however, that nc
call shall be made OF more than ten per cent II
| per cent? on each share at any time, and thirty
| DAYS must elapse before another Call can DC
made.
SEC. 3. No stakeholder shau be held liable or re-
sponsible for the contracts aud faults or the com
pany in any further sum than the unpaid balance
pr balances due the company on shares owned by
| him nor shall any informalities in the organlza
ton have the effect of annulling this Charter, OF
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 Orleans. and citation shall bt
served there on the President OF the company, OF
| in his absence on the Vice-Presldent.
SEC. S. The ock books shall be kept at the
Office of the Company, whence cerlhcates OF stoci
| shalj he issued to the subscribers, but no trans
fer of stock shall be binding upon the Compan,
until made upon it's stock books, and no stocl
certificate shall be issued except for full palt
stock.
subscriber to pay the installments on his stock a
reouired. the Board of Directors shall have tn
option after thir days written notice to thu
delinouent. of forfeiting his stock, or the amounts
previously paid thereon; and no stockholoe
shall have the right to vote while IN default.
| SEC. 7. All rules relative to the declaration 0
dividends or divisions of profits, as well as tn
bylaws Of the Company, shall be made by thu
Board Of Directors, but said rules and bylaw
shall be subject to repeal, change or modlhca
ton by the holders IT majority OF the STOCK 0
the Company at their meeting.
ARTICLE III.
| GENERAL POWERS.
The said company is empowered and author
First-To locate, construct, lease, own and us
| a railroad with one or more tracks ana sultapl
turnouts of such guage and construction an
upon such course or route as may be deeme'
nv majority of the Directors Of said compan
most expedient, beginning at point on the N Mis-
| sissippi River at New Orleans, or between New
Orleans and the parish OF Iberville. on the RICH
bank of the Mississippi, and Baton Rouge on tn
bank Or from New orleans the nsr or Of 1efM aay
cite. and Opelousas, in the parish OF ST. Landry
| or from anv of said points, or from any pom
within the limits ofthis State, and running theme
| towards and to the city OF Shreveport, or IN
cty of Marshall or Dallas, in the State OF Texas, II
shall fix, and with such connecting branches Il
the State of Louisiana as may be deeme'
proper. ,o,,o o,,,, ,,o;r
tain and use such branch railroads and tracks
a majority of the Directors of said company ma
from time to time deem proper and expedlen
and for the interest Of said company to own AM
to use and lease, and they shall not be restricts
in the exercise Of this privilege to the State 2
Louisiana, but may connect their main line wit
any other line or lines in other States whic
shall authorize the exercise of said privileg
within their limits, and the said company sha
have a right to establish and MAINTAIN In tn
CITY of New Orleans proper freight and passen
ger depots, and to connect them by tracks an
ferries with the left bank of the Mississippi Rive
at such point or points as may be deemed mos
convenient for the public interest, and to use
such ferries steamboats, and other vessels. an
for the purposes of such depots, tracks ana fel
ries. may acquire property by appropriation.
Third-To construct, establish, or purchase |
this State, and thereafter, to own, lease, malI
tain and use suitable wharves, piers, warehous-
Yards. steamboats,, harbors, depots, stations. an
other works and appurtenances connected Wit
and incidental to said railway and Its conne'
tons. and to run and manage the same as tn
| 40 said rop,panv NAV deem to L