The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-03
CHARTER.
STATE OF LOUISIANA,
PARISH or ORLEANS. CRY OF NEW ORLE.

STATE OF LOUISIANA, I
PARISH OF ORLEANS, CRY OF NEW ORLEANS, J
BE IT KNOWN, That on this twenty-nintl
day Of the month Of June, in the year of ou
Lord one thousand eight hundred and seventy
five, and OF the United States OF America tn
ninety ninth.
Before me, JOHN G. EUsTIs, Notary Pub
lie, in and for this city, and parish Of Orleans
State of Louisiana, duly commissioned and quail
fed, and in the presence OF the witnesses here
matter named and undersigned:
Personally came and appeared, G.. W. R. BAY
LEY, E. b. WHEELOCK, HUGH KENNEDY
JOHN PHELPS, JOHN Fl. KENNARD, CYRUS
BUSSEY, GEORGE JONAS, w. B. SCHMIDT
JAMES A. GIRDNER, JULIUS WEIS, E. L.
RANLETT and DAVID WALLACE, all resi-
dents of this city, who severaly 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, 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 parsons as
! may hereafter become associated with them,
whether by subscription, purchase. transfer
| succession or otherwise, into a BODY Cor,
pora,e," and hereunder bind Themselves, and
all who may hereafter become associated with
them, to be governed by the following stipu-
lations, 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 pane 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,
and 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 exercise it's 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
ts3, OOO,0OO), represented by THIRTY THOU
SAND SHARES Of ONE HUNDRED DOLLARS
(s1O0) EACH, with the right to increase said
capital stock to TWELVE MILLION DOLLARS,
provided that said corporation shall be organized
uuder 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 1871 c 9 offiee @I =; B. WHEEL09K
8. H. KENNEDY, Treasurer. When one hun
dred and fifty Thousand dollars $3.50, 0G0) of the
capital stock shall have been subscribed, the |
Board of Directors are authorized to commence
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 |
his 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
,al shall be made of more than ten per cent no
Der cent? on each share at any time, and thirty
lays must elapse before another call can be
made.
SEC. g. No stakeholder shall be held liable or re-
ponsible for the contracts aud faults of the COM
,any in any further sum than the unpaid balance
u balances due the company on shares owned by
him, nor shall any informalities in the organize
ion have the effect of annuling this Charter, or
# exposing stakeholder to any liability beyond
he amount of his stock subscription unpaid.
SEQ. 4. The domice of the company shall be
he city of New Orleans, and citation shall be
erved there on the President of the company, or
q his absence, on the Vice President. l.
SEC. 5. The ock books shall be kept at the
flee of the Company, whence certificates of stock
hall be issued to the subscribers, but no trans
or Of stock shall be binding upon The Company
ntil made upon it's stock books, and no stock
took.
SEC. 6. In the case Of failure on the part of any
ubscriber to pay the installments on his stock as
equired, the Board OF Directors shall have the
OF forfeiting his stock, or the amounts
reviously paid thereon; and no stakeholder
hall have the right to vote while in default.
SEC. z. All rules relative to the declaration Of
ividends or divisions of profits, as well as the
y-laws Of the Company, shall be made by the 7
GARD of Directors hut said rulea and hy-laws I