The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-18
CHARTER.
STATE OF LOUISIANA,
PARISH OF ORLEANS CRY OF NV ORIEANg

70 | PARISH OF ORLEANS, CITY OF NEW ORIEAN6,
BE 1T KNOWN, That on this twenty min
day OF the month Of June, in the year Of o.
Lord one thousand eight hundred and sevent
ninety-ninth.
Before me, JOHN G. EUSTIs, Notary Pul
lic in and for this CITY, and parish Of Orlean
State Of Louisiana, duly commissioned and qual
ned and in the presence Of the witnesses her
: Personally came and appeared, G. v; Z; BAl
: JOHN PHELPS, JOHN Fl. KENNARD, CYRU
BUssEY, GEORGE JONAS, ": B. SCHMIDT
JAMES A. GIRDNER, JULIUS Wells, E.
RANLETT and DAVID WALLACE, all res
} dents of this city, who severally declared
, That, availing themselves of the powers
rights and privileges conferred by the sta
tutes of the State of Louisiana, relativ
thi State, they do, by these presents, form
organize, constitute and found 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 al
| may hereafter become associated with them
whether by subscription, purchase, transfer
succession or otherwise. into "Body Cor
| poraie," and hereunder bind themselves, anG
| 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 existence 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 exerciseits 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 corpora ton is
hereby fixed at THREE MILLION DOLLARS
ts3,000,OOO), represented by THIRTY THOU
SAND SHARES of ONE HUNDRED DOLLARS
(Sl00) 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 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. WHEELOOK,
President; HUGH KENNEDY, Vice President;
s. H. KENNEDY, Treasurer. When one hun
bred and fifty thousand dollars $3.50, 000) of the
capital stock shall have been subscribed, the
Board of Directors are author szed 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
call shall be made of more than ten per cent no
per cent? on each share at any time, and thirty
days must elapse before another call can be
made.
Sec g. No stakeholder 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 |
him. nor shall any informalities in the organiza-
ton have the effect Of annulling this Charter,
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 be |
served there on the President OF the company, or |
N his absence, on the Vice-PresidenI
SEC. 5. The s ock 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 Company
until made upon it's stock books, and no stock |
certificate shall be issued except for full paid
stock.
". u
to pay the installments on his stock az
equired, the Board of Directors shall have the
option, after thir days written notice to the
of forfeiting his stock, or the amounts
previously paid thereon; and no stakeholder
hall have the right to vote while in default.
SEC 7. All rules relative to the declaration of
dividends or divisions of profits, as well as the
,y-laws of the Company, shall be made by the
Board of Directors, but said rules and bylaws
hall be subject to repeal, change or modifca-
btyf ba hnI5ors nfo oio nv of -
he Company at their meeting.
ARTICLE III.
GENERAL POWERS.
The said company is empowered and author
zed:
First-To locate, construct, lease, own and use
railroad with one or more tracks and suitable
of such guage and construction and
pom such course or route as may be deemed
majority of the Directors Of said company
lost expedient, beginning at point on the Mis-
ssippi River at New Orleans, or between New
rleans and the parish Of Iberville, on the right
ank of the Mississippi, and Baton Rouge on the
1T bank; or from New Orleans or Berwick's
ay, via Vermillionville, in the parish of Lafay-
tie, and Opelousas, in the parish Of st. Landry,
thin the limits ofthis State, and running thence
wards and to the city Of Shreveport, or the
ty of Marshall Dallas, in the State of Texas in
lch direction and route or routes as said company
lall fix, and with such connecting branches In
le State of Louisiana as may be deemed
'oper.
Second-To locate, construct, lease, own, MAIN &
in and use such branch railroads and tracks as n
majority of the Directors of said company may a.
ON time to time deem proper and expedient Q
I'd for the interest of said company to own and d
use and lease, and they shall not be restricted b.
the exercise of this privilege to the State of 6;
ouisiana, but may connect their main line with
~ other line or lines in other States which
all authorize the exercise of said privilege
thin their limits, and the said company shall
I'VE right to establish and maintain in the al
~ of New Orleans proper freight and passen- ii
r depots, and to connect them by tracks and CT
rres with the left bank of the Mississippi River
such point or points as may be deemed most m
nvenent for the public interest, and to use in 81
CHI ferries steamboats, and other vessels, and
the purposes of such depots, tracks and fer
g, may acquire property by appropriation. =
Third To construct, establish, or purchase in
Is State, and thereafter, to own, lease, MAIN P.
n and use suitable wharves, piers, warehouses.
rds, steamboats,, harbors, depots, stations, and :,
her works and appurtenances connected with Oh
d incidental to said railway and its connec- ol
ms, and to run and manage the same as the a. -.
rectors Of the said Company may deem to be a
at exnadient and N the Welfa re Of said cOrpo. |