The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-15
CHARTER.
STATE OF LOUISIANA,

BE 1T KNOWN, That on this twenty -nintl
day OF the month of June, in the year OF ou1
Lord one thousand eight hundred and seventy
five, and Of the United States of America thu
| ninety
Before me, JOHN G. EUsIIs, Notary Pub
lie, in and for this city. and parish OF Orleans
State of Louisiana, duly commissioned and quail
fed, aud in the presence of the witnesses here
matter named and undersigned:
LEY. ' E. B. W WIFE E HUGH KENNEDY
JOHN PHELPS, JOHN II. KENNARD, CYRUS
BUSSEY, GEORGE JONAS, W. B. SCHMIDT
JAMES A. GIRDNER, JULIUS WEIS, E. L.
RANLETT and DAVID WALLACE, all resi-
dents Of this city, who seversly declared
That, ayailing themselves OF the powers,
rights and privileges conferred by the sta
tutes of the State of Louisiana, relative
to the Reorganization of Corporations" in
thiJ State, they do, by these presents, form.
organize, constitute and found a 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-
stltute, and do, by these presents form and con-
stitute themselves, and all such other persons as
may hereafter 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-
lations, obligations and regulations as articles of
UuO CAdI tOA vi En.u wi wi
ARTICLE l.
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 existence 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
y.aa and narsnnal nrOnprtV make contra cts
may receive grants of land or personal property,
aud shall possess all the powers and privileges
which corporations are or may be by any genera!
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.
SEQ. 1. The capital stock of this corporation is
hereby fixed at THREE MILLION DOLLARS
(s3, OOO, 0O0), 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 Directors and shall
hold their Office, together with the following
named gentlemen, who shall be the officers of
President: HUGH KENNEDY, Vice President;
s. II. KENNEDY, Treasurer. When one hun
bred and fifty thousand dollars $3.50, 000) of the
ca pital 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 this 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 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 90
per cent? on each share at any time, and thirty
uass Ahu'' oi"p'o ooioio "n''AoA o"'' van We
SEC 3 No stakeholder shs Il be held liable or re-
unons;hia sor the contracts and fanlts Of the com
, ~ ,nu to- tha ,,nro;d h.1.
Pc ~ 1 -. 90. 49, ~ nnr,ronr On sbnras c,Jnad b,.
IL, ,ear sbau onr in rnrp lilies in The oroanzo
80 hoya tha affect of annulno This Chatter or
" "a ~ tonlhoiSa 70 M i,a h,,Ir haro,d
-he ap,n,pf Of his stoclT snbscrintion unnad
nc go nv n, ~. Io,o;oia ~ thn co,nanI sha,1 ho
:, ohG. NJ, n oan. "a ond o,tati",' Sill ~
.ne ci1y ~ ~" ~ psasaa any, TO naan oe
~, y, he Iu ohSance On the Wee. President VI
IL ms is 49, hoo,ls sham La io,,t .. tho
,fi g. tho Gnmnanv Whence car;f of stocf
III 10 ;ssno5 ~ the sni,scrihers Int no trans.
'nali u I'll. II W III ;5;'e ,,o Io ~
CT . ~ s.oIh snaai it e oton n5 NO Gtant
a..ie ialao iii I've ;o,,ad o,na,t for III, no;d
- 'A"-1 W eN-N
Sr T., tho .ose If 70 ,rre m tho mart of snv
,hscr;hor 70 NV the in.talments on his stock a.
ia Rosrd. of Directors sbaII have the
eluneo, ING a. 10 ,,,;.ta s, aro W th
aa.oi 80 ~ H. w
'enHquent' o. rie VI Wy. tn
'Le w "a ~ ,,n+a ~ ah IN dsfa,t
na nsSe Inc 'a 10 -, tho "A deolaaatc 90
go = Al l;Ies W tno la "ioh ~.
iaenus =. OF I uit ra VI ham % 80 as th
y 10y ~ n; eIo Pt ao;a -. IL ~ VIZ
, , Vi Hneo'ois uuS s"io auos anu oa;fo
nan DC supJeGe W iepeai, olIanss " noutnoa
ion ~ tpe noa,t. III; " 'no S'ooA u
ne company a' their nleeIihs.
ARTICLE III.
GENERAL POWERS.
The said company is empowered and author
zed:
First-To locate, construct, lease, own and use
railroad with one or more tracks and suitable |
urnouts of such guage and construction and |
pon such course or route as may be deemed |
y majority of the Directors of said company |
nost expedien-, beginning at point on the Mis- |
issippi River at New Orleans, or between New |
orleans and the parish OF Iberville. On the right |
ank of the Mississippi, and Baton Rouge on the |
eft bank; or from New Orleans or Berwick's |
Say, via Vermillionville, in the parish OF Lafay-
tie and Opelousas, in the parish of St. Landry, |