The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-24
CHARTER.
STATE OF LOUISIANA,

Lord one thousand eight hundred and seventy
five, and of the United States of America the
ninety-ninth.
Before me, JOHN G. EUSIIS, Notary Pub
lie in and for this citg, 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 ana appeared, G. w. X. BAY
LEY, E. b. WHEELOCK, HUGH KENNEDY,
JOHN PHELPS, JOHN b. KtNNARD, CYRUS
BUSSEY, GEORGE JONAS, ". B. SCHMIDT,
JAMES A. GIRDNER, JULIUS WEIS, E. L.
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
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 persons as
may reafter become associated with them,
whether by subscription, purchase. transfer,
| succession or otherwise, into a '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.
| The name ana title or SAD corporation SDall De
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 ana 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 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 genera
10 of Skata
| company may exerciseits 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 corporation is
hereby fixed at THREE MILLION DOLLARS
| (S3, O00, OO0), represented by THIRTY THOU-
| SAND SHARES of ONE HUNDRED DOLLAR
| (slOO) 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 Directors and shall
hold their Office, together with the following
named gentlemen, who shall be the officers of
the Company until the second Wednesday III
January, 1877 Officers, E. B. WHEELOGK.
President; HUGH KENNEDY, Vice President,
| s. III. KENNEDY, Treasurer. When one hun
dred and fifty thousand dollars $3.50, G00) of the
ca pta stock snail have been subscribed, the
Board of Directors are authorized to commence
provisions OF thiu 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 beer 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 40
per cent? on each share at any time, and thirty
days must elapse before another call can be
made.
SEC g. No stakeholder shau be held liable or re-
sponsbe 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 organlza-
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 O. leans, and citation shall be
served there on the President Of the company, or
in his absence on the Vlce-Presdent.
SEC. 5. The stock books shall be kept at the
Office of the Company whence certificates OF stock
shall be issued to the subscribers, but trans
fer of stock shall be binding upon he 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 in- tallments on his stock
required the Board of Directors shall have the
option after thlr days written notice to the
delinquent, of forfeitng his stock or the amounts
previously paid thereon; and no stockholder
SEC. T. All rules relative to the declaration OF
dividends or divisions of profits, 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 a 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 more tracks and suitable |
turnouts of such guage and construction and |
upon such course or route as may be deemed |
by 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 Ibervllle. on the right
bank of the Mississippi, and Baton Rouge Oh the
left bank; or from New Orleans or Berw:ck's
Bay, via Vermillionville in the parish oil Latay-
cite, and Opelousas, in the parish Of st. Landry |
or from any of said points, or from any point
within the limits OF 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 ana 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
tam and use such branch railroads and tracks as
majority of the Directors Of said company may
from time to time deem proper and expedient
and for the interest of said company to and
to use and lease, and they shall not be restricted
in the exercise of this privilege to the State of
L. ulsiana, 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 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 points may DE deemed most
convenient for the public interest, and to use in
such ferries steamboats, and other vessels, and
for the purposes of such depots, tracks ana fer
res, may acquire property by appropriation.
Third-To construct, esta blish, or purchase in
this State, and thcresfter to own, lease, main
tain and use suitable wharves, piers, warehous s
yards steamboats,, harbors, depots, stations. and
other works and arpurtenances 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, Gerry and convey
persons and property upon its said railway and
its boats, by power Of steam or any other power,