The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-30
CHARTER.
STATE OF LOUISIANA

6 Before me, JOHN G. EUsTIs, Notary Pull
lie. in and for this CITY, and parish of Orlean
, State of Louisiana, duly commissioned and quail
fed, and in the presence of the witnesses here
matter named and undersigned:
Il Personally came and appeared, G. W. r. BAY
: LEY, E. B. WHEELoCK, HUGH KENNEDY
JOHN PHELPS, JOHN Fl. KENNARD, CYRU
BUSSEY, GEORGE JONAS, W. B. SCHMIDT
, JAMES A. GIRDNER, JULIUS WEIS, E. L
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
tutes of the State Of Louisiana, relative
to the Organization Of Corporations. Il
organize, constitute and found Corporation fol
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 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 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 exi-tence 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,
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
| Ty~s4. l~,k cl~l
authorize The same.
ARTICLE II.
CAPITAL STOCK.
SEC T. The capitsJ stock of this corpora ton is
hereby fixed at THREE MILL ION DOLLARS
($3, 600, 000), 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 incorporators herein named, who
shall constitute the Board of Direct RS 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. FL. KENNEDY, Treasurer. When one hun
bred and fifty thousand dollars (S150,000) 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 thig 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 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 nformalities 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 |
served there on the President OF the company, or |
IN his absence, on the Vice-Presidenr
Sec. 5. The 8 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 he Company
until made upon its stock books, and stock
certificate shall be issued except for full paid
stock.
SEC. 6. In the case Of failure on the part of any
to pay the ins tallments on his stock
equired, the Board Of Directors shall have the
,ption, after thir y days written notice to the
of FORGETTING his stock, or the amounts
previously paid thereon; and no stakeholder
hall have the right to vote while in default.
u
ividends 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 eubject to repeal, change. or modiica-
ion by the holders # a majority OF the stock of
he Company at their meeting.
ARTICLE III.
GENERAL POWERS.
The said company ls empowered and author
,ed:
First-To locate, construct, lease, own and use
railroad with one or more tracks and suitable
urnouts, of such guage and construction and
pom such a course or route as may be deemed
y a majority of the Directors of said company
lost expedient, beginning at point on the Mis-
issippi River at New Orleans, or between New
rleans aud the parish OF Iberville, on the right
1T bank; or from New Orleans or Berwicks
ay, via Vermlonville, in the parish OF Lafay-
tie, and Opelousas, in the parish Of st. Landry,
r from any of said points, or from any point
,wards and to the city of Shreveport. or the
y of Marshall or Dallas, in the State of Texas, in
lch direction and route or routes as said company
hall fix, and with such connecting branches in
le State OF Louisiana as may be deemed
roper.
Second-To locate, construct, lease, own, MAIN
lin and use such branch railroads and tracks as
majority Of the Directors OF said company may &
ON time to time deem proper and expedient \
nd for the interest of said company to own and q
|
the exercise of this privilege to the State of d
ouisiana, but may connect taeir main line with b
~ other line or lines in other States which g.
lall authorize the exercise of said privilege
thin their limits, and the said company shall
ave a right to establish and maintain in the
ty of New Orleans proper freight and passen-
er depots, and to connect them by tracks and a.
rries with the left bank of the Mississippi River
such point or points as may be deemed most CT
'nvenient for the public interest, and to use in
lch ferries steamboats, and other vessels, and m
r the purposes of such depots, tracks and fer 81
es, may acquire property by appropriation.
Third TO construct, establish, or purchase in
lis State, and thereafter, to own, lease, main =
in and use suitable wharves, PIERS warehouses
rds steamboats,, harbors, depots, stations, and P
her works and appurtenances connected with
id incidental to said railway and its connec-
,ns and to run and manage the same as the OF
rectors of the said Company may deem to be o.
ost expedient and to the welfare Of said corpo- 81
ton. a
Fourth-To take, transport, carry and convey :,
rsons and property upon its said railway and ~
boats, by power of steam or any other power, o
d to receive for safekeeping and to store mer- n
andise and property in its yards or warehouses, ID
d to receive for such transportation, safekeep-
2 or storage such tolls aud charges as may ',