The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-23
CHARTER.
STATE OF LOUISIANA,

five, and Of the United States of America the
ninety ninth.
lie, in and for this citv, and parish OF Orleans,
| State of Louisiana duly commissioned ana quall-
| fed. and in the presence Of the witnesses here
matter named and undersigned:
Personally came ana appeared, e; W 4; Bh1
JOHN PHELPS, JOHN d. KENNARD, CYRUS
RITSsEY. GEORGE JONAS, W. B. SCHMIDT,
lanes A. GIRDNER, JULIUS WEIS, E. l..
RANLETT and DAVID WALLACE, all resi-
dents of this city, who seyeraiy declared
riohts and privileges conferred by the sta
tnfes OF the State of Louisiana, relative
10 The Organization of Corporations in
thi State, they do, by these presents. form,
organize, constitute and found Corporatieoh LOT
| 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 anu 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,
porate," and Hereunder bind themselves, ana
all who may hereafter become associated Win
them, to be governed by the following di u
lations obligations and regulations dc artc1es Vi
the charter OF said Corporation.
ARTICLE /.
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 exl~tence Tor ana during the
full term ana period OF twenty-five (2ol 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 property,
aud shall possess all tie 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 MILL ion DOLLARS
| So 000,0 OO), represented by THIRTY TaOU-
| SAND SHARES of ONE HUNDRED DOLLARS
| $1,000 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. WHEELOCK,
President; HUGH KENNEDY, Vice President
S. II. KENNEDY, Treasurer. When one hun
dred and fifty thousand dollars (S150, 0C0) OF the
capital stock shall have been subscribed, the
Board of Directors are authorized 10 CONNIE nee
| 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 sha Il be made of more than ten per cent 90
| per cent? on each share at any time, and thirty
| days must elapse before another call can be
| made.
SEC. g. No stockholder sball be held liable ORE
spousibIe 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 ipformahties IN the organlza-
ton have the effect of annuling this Charter, or
of exposing stakeholder to any liza b1lty 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, Oh the ice-President.
SEC 5. The stock books shall be kept at the
Office of the Company, whence certltcates OF stock
shall be issued to the subscribers, but no trans
fer OF stock shall be binding upon The Company
until made upon its 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 indictments on his stock
required, the Board of Directors shall have the
option, after thir Y days written notice to the
delinquent of FORGETTING his stock, or the amounts
previously paid thereon; aud 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, as 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 bv the holders Il a majority of the stock of
the Company at their meeting.
ARTICLE III.
GENERAL POWERS.
The said company is empowered and author
ized
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 Ibervile, on the right
bank of the Mississippi, and Baton Rouge on the
left bank; or from New Orleans or Berwlck's
Bav, via Vermilionville, 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 this State, and running thence
towards and to the city of Shreveport. or the
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
to use and lease, and they shall not be restricted
in the exercise of this privilege to the State of
Louisiana, but may connect taelr main line with |
any other line or lines in other States which |
shall authorize the exercise Of said privilege
within their limits, and the said company shall |
have a 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 as may be 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
ries may acquire property by appropriation.
Third-To construct, establish, or purchase in |
this State and thereafter, to own, lease, main
tain and use suitable wharves, PIERS warehouses
yards, steamboats,, harbors, depots, stations, and
other works and appurtenances COM ected with |
and incidental to said railway and its connec-
lions, and to run and manage the same as the
Directors of the said Company may deem to be
most expedient and to the welfare Of said corpo
ration.
Fourth-To take, transport, carry and convey
persons and property upon its said railway and
its boats, by power of steam or any other power,
cd 70 for safek and To store NOR.