The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-16
CHARTER.
STATE OF LOUISIANA,

CHARTER.
STATE OF LOUISIANA,
PARISH OF ORLEANS, CRY OF NEW ORLEANS,
| BE IT KNOWN, That on this twenty ninth
| dav of the month of June, in the year OF our
Lord one thousand eight hundred and seventy
| five, and of the United States OF America the
| ninety-ninth.
Before me, JOHN G. EUS1IS, 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, e. v; 4; PhY
BUssEY, GEOBGE JONAS, W. B. SCHMIDT,
LANES 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 Reorganization of Corporations, IN
thi State, they do, by these presents, form,
organize, constitute and found a corporation Ior
the objects and purposes as shall hereafter De
| 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-
sttute 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..
aions, 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 exl-tence for and during the
| fnll term and period of twenty-five (25l years
from the date Of the execution of these presents
unless sooner dissolved in the manner hereinafter
provided for; may sue and be sueda may hoid
real and personal property, may make contracts,
grants Of lana OF md npryeess
which corporations are or may be by any general
law of this State authorized to possess, and said
| company may exerciseits corporate powers Wlth1n
any other State Of the United States that shall
authorize the same.
ARTICLE II.
CAPITAL STOCK.
Sec. l. The capital stock Of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
$4,000, OOO), represented by THIRTY THo ~,
SAND SHARES of ONE HUNDRED DOLLARS
(slOO) EACH, with the right to increase SAID
capital stock to TWELVE MILLION DOlLAIo
provided that said corporation shall be organized
under the incorporators herein named, VINO
shall constitute the Board of Direct rs and shall
hold their Office, together with the following
named gentlemen, who shall be the oncers O.; OF
l
January, 1877: Officers, E B. WHEELOck,
President; HUGH KENNEDY, Vice President;
s. f. KENNEDY, Treasurer. When one hun
bred and fifty thousand dollars (Sl5O, OOO) OF the
canital stock stall have been subscribed, the
| Rnard 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 Tor when
this amount has been subscribed.
! SEC g. The time and manner OF payment Ior
| stock shall be such as may be determined by the
Board of Directors, provided, however, that No
call shall be made OF more than zen per CENT w
per cent) on each share at any time, and thirty
L DAYS must elapse before another Call can De
Src. 2 No stakeholder shau be held liable or re-
sponsible for the contracts aid faults OF me 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 orgamza-
tion have the effect of annuling this Charter, OF
of exposing 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, OF
in his absence, on the Vice-President; ~
SEC. s. The ock books shall be kept at ting
office of the Company, whence certificates OF stocE
shall he issued to the subscribers, but no trans
e fer of stock shall be binding upon The Company
until made upon it's stock books, and no stoch
certificate shall be issued except for full palc
stock
SEC. 6. In the case of failure on the part OF any
subscriber to pay the installments on hls STOCK al
required. the Board of Directors shall have tht
option, after thir days written nouce TO the
deiinouent of forfeitng his stock, or the amounts
= previously paid thereon and no stockholde
hall have the right to vote while in default.
SIC. 7. All rules relative to the declaration o
dividends or divisions Of profits, as wen as TN
by-laws of the Company, shall be made by tht
Board of Directors, but said rules and bylaw
shsIl be subject to repeal, change or modlhca
ton by the holders f majority of the stock Q
i the Company at their meeting.
ARTICLE Ill.
GENERAL POWERS.
, The said company is empowered and author
lied:
First-To locate, construct lease, own and us
a railroad with one or more tracks and su1taDl
Q turnouts, of such guage and construction ant
upon such course or route as may De oeeme'
nv a majority of the Directors OF said compan
most expedient beginning at point on the Mis-
, sissippi River at New Orleans, or between New
Orleans and the parish OF lbervllle on the ngh
bank of the Mississippi, and Baton Rouge on IN
left bank: or from New Orleans or Berwick
Raw. via Vermilionvle, in the parish OF Lafay
ette' and Opelousas, in the parish OF st. Landry
; or from any of said points, or from any pom
within the limits Of this State and running theme
towards and to the city OF Shreveport, or tn
civ of Iarshall or Dallas, in the State of Texas, il
such direction and route or routes as said compan
shall fix, and with such connecting branches L
. the State Of Louisiana as may be deeme
Second-To locate, construct, lease, own, main
tain and use such branch railroads and tracks a
L a majority of the Directors OF said company ma
: from time to time deem proper and expedlen
and for the interest Of said company to Owl an
- in the exercise of this privilege to the State {
Louisiana, but may connect tseir main line wit
any other line or lines in other States whlc
J. sharl authorize the exercise of said privileg
within their limits, and the said company sha
ls have right to establish and maintain IN tn
- civ of New Orleans proper freight and passer
ger depots, and to connect them by tracks :, an
H. ferries with the left bank of the Mississippi Rive
al such point or points as may be deemed mos
o convenient for the public interest, and to use l
ferries nah an epo 9shfr tracks,
or inc p ocauire pronertv bY expropration
Third TO construct, establish, or purchase /
this State, and thereafter, to own, lease, man
tain and use suitable wharves, piers, warehouse
e wards. steamboats, harbors, depots, stations, an
other works and appurtenances connected wit
and incidental to said railway and its conne(
: tions- and to run and manage the same as tn