The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-26
CHARTER.
STATE OF LOUISIANA.

LOrQ one Thousand elSut HuIluleu auu seventy
five, and of the United States of America thu
Before me. JOHN G. EUsTIS, Notary Pub
lc in and for this citv, and parish OF Orleans
State of Louisiana, duly commissioned and quah
fed, and in the presence or the witnesses mere
matter named and undersigned:.
Personally came ana appeared, G: W; X; BAY
LEY, E. B. WHEELOCK, HUGH KENNEDY
JOHN PHELPS, JOHN d. KENNARD, CYRUS
BUssEY, GEORGE JONAS. ": B: SCHMIDT
RANLETT and DAVID WALLACE, all resi-
dents of this city, who severally declared
That, awaiting themselves of the powers
rights and privileges conferred by the, sta
tutes of the State OF Louisiana, relative
to the Organization of Corporations" in
Thu 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 hereafter 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 l.
| 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 (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 tie powers and privileges
which corporations are or may be by any general
law Of this State authorized to possess, and said
company may eXerciselts corporate powers within
any other State of the United States that shall
authorize she same.
ARTICLE II.
CAPITAL STOCK.
Sec l. The capital stock Of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
(S3, 600, 000), represented by THIRTY THOU
SAND SHARES Of ONE HUNDRED DOLLARS
($100) EACH, with the right to increase said
provided that said corporation shall be organized
uuder the lncorporators herein named, who
shall constitute the Board of Directors and shall
hold their Office, together with the following
the Company until the second Wednesday in
January 1877 Officers, E. B. WHEELOCK,
President: HUGH KENNEDY, Vice President,
s. H. 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 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 s. No stakeholder shau be held liable orr
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 infOrmalities in the organiza.
ton have the effect Of annulling this Charter, or
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
in his absence, on the Nice-President.
Sec. s. The stock books shall be kept at the
Office of the Company, whence certificates 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 iu-tallments on his stock as
required, the Board of Directors shall have the
option, after thir days written notice to the
delinquent of FORGETTING his stock the amounts
shall have the right to vote while in default.
Sec. z. Ali rules relative to the declaration of
dividends or divisions OF profits, as well 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 modifica-
ton by the holders # 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 may be deemed |
by a ma erity 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 1berville on the right
bank Of the Mississippi, and Baton Rouge on the |
left bank or from New Orleans or Berwck's |
Bay, via Vermlonville, 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 Tune W JlIue uGeLl proper anu t8peQlGGt
and for the interest Of said company to own and
to use and lease, and they shall not be restricted
in the exercise Of this privilege to the State of
Louisiana, but may connect taeir 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
;itv Of New Orleans proper freight and passen
ger depots and to connect them by tracks and
erries with the left bank of the Mississippi River
1T such point or points as may DE deemed most
convenient for the public interest, and to use in
uch 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, warehousa s
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
most expedient and to the welfare of said corpo-
alton.
Fourth-To take, transport, carry and convey
ersons and property upon Its said railway and
e boats, by power Of steam or any other power
nd to receive for safekeeping and to store mer-