The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-02
CHARTER.
STATE OF LOUISIANA,

Tor
five. and of the United States OF America the
nlP Psfor pn me-. JOHN G. EUs1Is, Notary Pub
lie. in and for this CITY. and parish OF orlean?'
state of Louisiana, duly commissioned alo
fed. and in the presence OF the Witnesses neio-
matter named and undersigned: nav
Personally came and appeared, G. ": Z; BAY
LEY, E. B. wHEELOCK, HUGH h hE SI121a
JOHN PHELPS, JOHN b. KENNAKD, G1 InT
5 HIsfsi' A. GIRDNER, JULIUS WEIs,, E. L.
RANI,ETT and DAVID WALLACE, all resi-
dents of this city, who severally declared
That, availing themselves OF the powers
rights and privileges conferred py Inc 49,, sv
tnfes of the State Of Louisiana, relative
to the Reorganization Of Corporations, IN
thi State. they do, by these presents, form,
organize, constitute and found Corporaueo.n loa
the objects and purposes as shall herealtel oe
enumerated and set forth; ana 10 tnsS Gnu d cnn
do hereby covenant and agree to form ana con
stitute, and do, by these presents, form anu COLI
stitute themselves, and all such other persons as
NAV hereafter become associated with them'
whether by subscription purcaaseRi o tISns Cor,
succession or otherwise, into BODY Cor
porate," and Hereunder bind themselves, ana
ali who NAV hereafter become associated Win
them. to be governed by the following shpu,.
lations obligations and regulations as articles OF
the charter OF said Corporation.
ARTICLE 1.
NAME.
THE
the NEW ORLEANS PACIFIC RAILWAY COM
PANY. and by that name shall have succession,
and have corporate existence for and during the
full term and period of twenty-five (251 years
from the date of the execution OF these presents,
nnless 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 properly,
and shall POSSESS all the powers ana privileges
which corporations are or may be by any general
Toto mt
com pany may exerciseits corporate powers within
anv other State of the United States that shall
authorize the same
ARTICLE II.
| CAPITAL STOCK.
SIC. I. The capital stock of this corpora ton is
hereby fixed at THREE MILLION DOLLAKS
SAND SsHDV ssHaREs Of ONE HUNDRED DOLLARS
| (s1Oo) EACH, with the right to increase sala
CAPITAL stock to TWELVE MILLION DOLLARS,
provided that said corporation shall be organized
under the incorporators herein nameo, VINO VINO
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 Medn,esday ol IN
January, 1877 Officers, .. 3. Wh $3.50
| President: HUGH KENNEDY, Vice President;
s. H. KENNEDY, Treasurer. When one nun
dred and fifty thousand dollars (sl500tG) OF the
| apital 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 THU 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 shal be made of more than ten per cent Slu
per cent? on each share at any time, and thirty
DAYS must elapse before another call can be
made.
SEC. 8. No stakeholder shal be held liable or re-
snonsibIe for the contracts AID faults OF the com
| pany in any further sum than the unpaid balance
or balances due the company on shares owned ny
him, nor shall any informalities in the organza-
ton have the effect of annulling this Charter, OF
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, OF
in his absence, on the Vice-Presdent.
| 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 me COMPANY o
certificate shall be issued except for full paid
stock.
subscriber to pay the installments on his stock al
required the Board of Directors shall have the
option. after thir days written notice to the
deinauent, of forfeiting his stock, or the amounts
previously paid thereon; and no stoekholdel
thall have the right to vote while IN default
| SEC T. All rules relative to the declaration OF
dividends or divisions of profits, as well as the
bylaws of the Company, shall be made by the
Board of Directors, but said rules and bylaw:
shall be subject to repeal, change or modlhca
ton by the holders IF a majority OF the stock o
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 ant
upon such course or route as may be deemed
bv 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 lberville, on the RICH
bank Of the Mississippi, and Baton Rouge on th'
Raw. via Y ermillionville in the parish Of Lafay
cite, 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 thence
towards and to the city of Shreveport, or the
CITY of Marshall or Dallas, IN the State OF Texas, II
such direction and route or routes as SAID compan!
shall fix, and with such connecting branches IL
the State Of Louisiana as may be deemed
| Second-To locate, construct lease, own, main
| tain and use such branch railroads and tracks q!
a majority of the Directors OF said company may
from time to time deem proper and eXpedien
|
to use and lease, and they shall not be restricted
in the exercise Of this privilege to the State o
Louisiana, but may connect their main line will
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 an(
ferries with the left bank of the Mississippi Rive
at such point or points as may De deemed mos
convenient for the public interest, and to use il
for the purposes of such depots, tracks ana fer
fies may acquire property by appropriation
Third To construct, establish, purchase il
this State, and thereafter, to own, lease, main
tain and use suitable wharves, piers, warehoust $
yards, steamboats,, harbors, depots, stations, ant
other works and appurtenances com 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 b.
most expedient and to the welfare of said corpo
ration.
Fourth-To take, transport, carry and conve!
persons and property upon its said railway ant
its boats, by power of steam any other power
| and to receive for safekeeping and to store mer