The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-12
CHARTER.
STATE OF LOUISIANA,

| Lord one thousand eight nunueu anu 5o'oisy
| five, and of the United States of America the
Be Before me, JOHN G. EUs7Is, Notary Pub
lie, in and for this CITY, and parish OF Orleans,
State of Louisiana, duly commissioned and quail
fed and in the presence o. me witnesses mere
Personally came and appeared G. ". R. BAY
LEY. E. B. WHEELOCK, HUGH KENNEDY,
JOHN PHELPS, JOHN b. KENNARD. CYRUS
BUSsEY, GEORGE JONAS, ": b. GHMIDT,
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
| thi State, they do, by these presents, form,
organize, constitute and found a Corporation for
| the objects and purposes as shall hereafter be
enum Grated 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
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 with
them, to be governed by the following stlpu-
lations 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 (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,
NAV 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 its corporate powers within
any other State of the United States that shall
authorize The same.
ARTICLE II.
CAPITAL STOCK.
SEC /. The capital stock Of this corpora ton is
hereby fixed at THREE MILL ION DOLLARS
(S3 900 OO0), represented by THIRTY THOU
SAND SHARES of ONE HUNDRED DOLLARS
(s1OO) 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
President; HUGH KENNEDY, Vice President
s. Fl. KENNEDY, Treasurer. When one hun
bred and fifty thousand dollars ($150,OC0) of the
capital stock shall have been subscribed, the
Board
the construction Of the road, and to carry out the
provisions of thi0 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 Tor
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. 3. No stakeholder shau be held liable 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, Ior shall any informalities IN the organlza-
ton have the effect of afnulling this Charter, or
of exposing a stakeholder to any liability beyond
| the amount of his stock subscription unpaid.
SEC. T. 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 Vlce-President.
| SEC 5. The ock 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. g. In the case of failure on the part of any
subscriber to pay the tallments on bis stock as
option. after thir days written notice to the
delinquent, of FORGETTING his stock, or the amounts
previously paid thereon; and no stakeholder
shall have the right to vote while in default.
SEC T. All 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 modlhca-
ton by the holders # a majority OF the stock OF
| the Company at their meeting.
ARTICLE III.
GENERAL POWERS.
The said company is empowerea 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 as may be deemed
| by a 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 Iberville, on the right
| bank of the Mississippi, and Baton Rouge on the
| left bank: or from New Orleans or Berwicks
Bay, via Vermillionyile, 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 or 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
| SSSO'" -
from time to time deem proper and expedient
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 their man 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
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 suitab BILE wharves, PIERS warehouss
yards, steamboats,, harbors, depots, stations, and
other works and appurtenances con ected with
and incidental to said railway and its connec-
TONS 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, csrry and convey
persons and property upon its said railway and
its boats bv power of steam or any other power