The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-15
CHARTER.
STATE OF LOUISIANA,

STATE OF LOUISIANA, !
PARISH OF ORLEANS, CITY OF New ORLEANS, I
BE 1T KNOWN, That on this twenty-nintl
day of the month of June, in the year of oul
Lord one thousand eight hundred and seventy
five, and Of the United States of America the
ninety ninth.
Before me, JOHN G. EUSIIS, Notary Pub
lie, in and for this CITY, and parish of Orleans
State of Louisiana, duly commissioned and quail.
matter named and undersigned:
Personally came and appeared, G. W. R. BAY
LEY, Z. B. WHEELOCK, HUGH KENNEDY,
JOHN PHELPS, JOHN H. KENNARD, CYRUS
BUSsEY, GEORGE JONAS, W. B. SCHMIDT,
RANLETT and DAVID WALLACE, all resi-
dents of this city, who severally declared
| That, availing themselves of the powers,
rights and privileges conferred by the sta
to the Organization of Corporations" in
thi State, they do, by these presents, form,
organize, constitute and found Corporation for
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-
stitute, and do, by these presents, form and con-
stitute themselves, and all such other persons as
may here after become associated with them,
whether by subscription, purchase transfer,
succession or otherwise. into Body Cor
porate," and hereunder bind themselves, and
all who may hereafter become associated with
them, to be governed by the following stipu-
ations, obligations and regulations as articles OF
the charter OF said Corporation.
ARTICLE 1.
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 and during the
full term and period of twenty-five (25l years
from the date of the execution of these presents,
unless 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, |
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 exercised it's corporate powers within
any other State of the United States that shall
authorize the same.
ARTICLE II.
CAPITAL STOCK.
Sec. 1; The captsl stock Of this corpora ton is
hereby fixed at THREE MILL ION DOLLARS
S3,000,000), represented by THIRTY THOU-
SAND SHARES of ONE HUNDRED DOLLARS
sl00) EACH, with the right to increase said
apital stock to TWELVE MILLION DOLLARS,
provided that said corporation shall be organized
lnder the incorporates herein named, who
ball constitute the Board of Direct rs and shall
lold their Office, together with the following
famed gentlemen who shall be the officers of {
he Company until the second Wednesday in
~,
HUGH KENNEDY, Vice President; I
!. H. KENNEDY, Treasurer. When one hun 4
red and fifty Thousand dollars $3.50 OC0) of the
apital stock shall have been subscribed, the T
'oard OF Directors are authorized TO commence I
he construction of the road, and to carry out the
rovisions Of THU charter; to enable them to do t
lis, subscriptions to the capital stock shall be a
ne and payable as herein provided for when u
liz amount has been subscribed.
SEC. 2. The time and manner of payment for o
,ock shall be such may be determined by the Il
GARD of Directors, provided, however, that NJ o
vi shall be made of more than tan per cent 40 81
ar cent? on each share at any time and thirty
iys must elapse before another call can be a
ade. u
SEC. g. No stockhoder shall be held liable or re- d
'onsible for the contracts aud faults of the COM 10
my in any further sum than the unpaid balance D.
balances due the company on shares owned by III
m, nor shall any informslties in the 0rgsnza-
IN have the effect of annnlling this Charter, or
exposing a stockholier 10 any liability beyond
e amount Of his stock subscription unpaid at
SEC. 4. The domiciie Of the company shall be re
6 city of New leans and citation shall be ca
-ved there on the President Of the company, or su
his absence, on the Vice-President. lCl
SEC. 5. The ock books shall be kept at the OF