The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-22
CHARTER.
ertifcate shall be issued except for full paid

certificate shall be issued except for full paid
stock.
subscriber to pay the inatalments on his stock as
required the Board of Directors shall have the
option, after thir days written notice to the
delinquent of forfeiting his stock, or the amounts
previously paid thereon; and no stockhoider
| 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 bylaws
shall be subject to repeal, change or modltca,
the Company at their meeting.
| ARTICLE III.
| GENERAL POWERS.
The said company is empowered and author
First-To locate, construct lease, own and use
| railroad with one or more tracks and suitable
turnouts, of such guage and construction and
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 Iberville, on the right
Of the and orsaon op
Bay, via vermillonville, 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 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
sncb 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
| a majority of the Directors OF said company may
| from time to time deem proper and expedlent
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 main 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
such ferries steamboats, and other vessels, and
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, maln-
tain and use abe wharves, piers, warehous 8,
Yards steamboats,, harbors depots, stations, and
other works and appurtenances connected with
and incidental to said railway and its connec-
tions, 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, carry and convey
persons and property upon Its sad railway ana
it's boats by power Of steam or any other power,
and to receive for safekeeping and to store mer-
chandise and property in it's yards or warehouses,
and to receive for such transportation, safekeep-
ing or storage such tolls and charges as may
be established by Directors OF said railroad COM
pany.
| TO make advances of money or credits upon
merchandise or property, for changes made by
other trar sportaton lines to be transported upon
| its railways, steamboats, or vessels, or to be
stored in its yards or warehouses to such extent,
and upon such terms and conditions as the Direc-
| tors of said Company may from time to time es-
tablish or authorize to be established.
Fifth-To obtain and receive by purchase,
grant from United States or otherwise, grant, gift,
devise and bequest, both real and personal prop
erty, to have and to hold such real and personal
poses. interests and business Of such Company.
| Sixth-To construct and maintain its said rail-
| roads or any part of the same, and to have the
right Of way therefor, across or along, or
upon any waters, water courses, river
| or canal within the State Of Louisiana, which
the course of said railways may lntersect, touch
or cross, provided the said company shall pre-
serve any water course, street. highway, turn
pike or canal which its said railways may 30 pass
| upon. along or intersect, touch or cross, 80 as
| not to impair its usefulness to the public unnec-
essarily; or if temporarily impairedin and during
the construction of the said railroads, the said
company shall restore the same to ITS former
lc,
| CONVENIENCE to the public shall not be unneces-
sarily impaired or injured, and the said company
| shall not be required to construct draw IN any
bridge over and across any stream or bayou,
except streams navigable by enrolled and IL
censed vessels, and when required by law.
Seyenth-To obtain, by grant or otherwise,
from any parish, city or village within this State.
any rights, privileges or franchises that any OF
said parishes, cities or villages, may choose to
grant in reference to the construction, mainte.
nance, management and use Of the railroads OF
said company, lis depots, cars, locomotives and
it's business, within the limits OF such or any OF
said parishes, cities and villages.
Eiehth-To appropriate property according to
existing laws.
Ninth-To cross, intercept, join and unite its
railways and prorate with any other ralroad
heretofore or hereafter constructed IN the State
of Louisiana, or any other State, at any point
upon it's route and upon the ground Of such
other railroad, with the necessary turn-outs
sidings, switches and other conveyances, In
furtherance OF the objects OF its connections,
Tenth-To purchase or lease from any railroad
company or corporation, at any authorized sale,
any railroad. and the charter, franchises, prop
erty aud appurtenances thereof, and MAINTAIN
and use the same as part OF the property OF
this company.
Fleventh-To borrow money or to purchase or
lease property on its own credit, for the purpose
of constructing and maintaining said railroads or
establishing continuous and connecting lines as
hereinbefore provided; and as evidence OF the in
the purchase or lease of such property, to issue
it's corporate bonds or promissory notes. bea ing
interest at such rate per annum as the directory
may elect, and made payable in gold or the law
full money of the United States at such times and
Of the corpora ions, and for securing the pay
ment of said bonds or notes, to mortgage and
pledge its railroads, its capital stock Its corpor
ate franchises and any of its real orPersonal
property, or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS.
SEC. 1. The corporate powers of this Compa-
nv shall be vested IN Board of Directors COM
posed of fifteen stockholders to be elected in
accordance with the bylaws of the Company,
and such officers and agents as may from time to
time be appointed by such board No person
shall be director who is not the actual owner OF
at least ten (10) shares of the capital stock OF
said Company. Directors shall be elected an
nually, and continue in Office until others are
elected to fill their place, and shall have power to
fill vacancies in their number caused by death,
resignation or otherwise. The directors shall
elect one of their number as President OF said
Comnapv another Vice President. and another