The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-13
CHARTER.
STATE OF LOUISIANA.

| fARIsH OF ORLEANS, CITY OF NEW ORLEANS,
BE 1T KNOWN, That on this twenty-nnt
day OF the month of June, in the year of on
Lord one thousand eight hundred and seventy
five, and OF the United States of America tn
ninety-ninth.
Before me, JOHN G. EUS1Is, Notary Pub
lic in and for this cts, 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 appeared, &: "; Z; BAY
LEY, E. B. WHEELOCK, HUGH KENNEDY
JOHN PHELPS, JOHN 81. KENNARD, CYRU
BUssEY, GEORGE JONAS, ". B. SCHMIDT
JAMES A. GIRDNER, JULIUS WEIS, Z. /
RANLETT and DAVID WALLACE, all resi-
dents of this city, who seyeraly declared
That, ayailing. themselves of the powers
rights and privileges conferred by the sta
tutes Of the State Of Louisiana, relativ
to the Organization of Corporations" il
thi State, they do, by these presents, fern
organize, constitute and found Corporation TO
the objects and purposes as shall hereafter bt
enumerated and set forth; and to that end they
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, transfe
succession or otherwise, into q Body Cor
porate," and hereunder bind themselves, anG
all who may hereafter become associated with
them, TO be governed by the following stipu
ations, obligations and regulations as articles Of
|
ARTICLE l.
| NAME.
The name and title of said corporation shall be
| the NEW ORLEANS PACIFIC RAILWAY COM
| PANY, and by that Dame shall have Succession,
and have corporate ext tence for and during the
| full term and period of twenty-five 90 years
from the date of the execution OF these presents,
unless sooner dissolved in the manner herelnafttr
provided for; may sue and be sued, may hold
may receive grants of land or personal property,
aud 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
SO, 000, OO0), represented by THIRTY THOU
SAND SHARES of ONE HUNDRED DOLLARS
(S100) EACH, with the right to increase said
capital stock to TWELVE MILLION DOLLARS
provided that said corporation shall be organized
under the lncOrporatOrs 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. II. KENNEDY, Treasurer. When one hun
bred and fifty thousand dollars ($150,000) 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
call 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.
SEC. 8. No stakeholder shat be held liable or re-
sponsible for the contracts aud 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 nformalities in the organiza
ton have the effect of annulling this Charter or
of exposing a stakeholder to any liability beyond
the amount of his stock subscription unpaid.
SEC. t. The domicile of the company shall be
the city of New Ofleans, and citation shall be
served there on the President OF the company, or
in his absence, on the Vice-Presdent.
SEC 5. 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
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
required, the Board of Directors shall have the
option, after thir days written notice to the
delinquent of forfeting his stock or the amounts
previously paid thereon and no stakeholder
shall have the right to vote while in default.
SEC. 7. All rules relative to the declaration of
dividends or divisions Of profits, well 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 moditica-
ton by the holders f majority of the stock of
the Company at their meeting.
ARTICLE III.
GENERAL POWERS.
The said company is empowered and author
lied:
First-To locate, construct lease, own and use
a railroad with one or more tracks and suitable
turnouts, of such guage and construction and
upon such course or route as may be deemed |
by majority of the Directors of said company
most expedient, beginning at point on the Mis- |
sissippi River at New Orleans, or between New |
Orleans and the parish OF Iberville on the right
bank of the Mississippi, and Baton Rouge on the |
left bank; or from New Orleans or Berwck's |
Bay, via Vermillionville, in the parish OF Lafay-
cite, and Opelousas, in the parish of st. Landry,
or from any of said points, or from any point
within the limits ofths State, and running thence
city of Marshall Dallas, in the State of Texas in
such direction and route or routes as said company
shall fix, and with such connecting branches in
the State of Louisiana as may be deemed
proper.
Second--To locate, construct lease, own, main
tain and use such branch railroads and tracks as
a majority of the Directors of said company may
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
n the exercise Of this privilege to the State of
louisiana, but may connect their main line with
INV other line or lines in other States which
shall authorize the exercise of said privilege
within their limits, and the said company shall
rave a right to establish and maintain in the
.ity of New Orleans proper freight and passen-
,er depots, and to connect them by tracks and
erries with the left bank of the Mississippi River
It such point or points as may be deemed most
for the public interest, and to use in
UGH ferries steamboats, and other vessels, and
or the purposes of such depots, tracks ana fer
les, may acquire property by appropriation.
Third To construct, establish, or purchase in
his State, and thereafter, to own, lease, main
ain and use suitable wharves, piers, warehous' g
ards, steamboats,, harbors, depots, stations. and
ther works and appurtenances con- ected with
nd incidental to said railway and its connec-
ions, and to run and manage the same as the
directors of the said Company may deem to be
lost expediont and to the welfare Of said corpo-
alton.
Fourth-To take, transport, carry and convey
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