The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-09

the charter OF saiOCOrpOratlOn.
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 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
real and personal property, may make contracts,
may receive grants OF land or personal property,
aud shall possess all the powers and privileges
which corporations are or may be by any general
law Of this State authorized to possess, and said
company may exerciseits corporate powers within
any other State Of the United States that shall
authorize the came.
ARTICLE II.
CAPITAL STOCK.
Sec /. The capital stock Of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
($3 900 ,0OO), 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
the Company until the second Wednesday in
G II'> VENNEHY rraosnrar when ona hnn,
drad and fiftv Thousand dollars fSl5O OOOl of the
capital stock shall have been subscribed, the
Beard of Directors are authorized to commence
nrov;sons Of tha 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.
stock shall be such az NAV be determined by the
Rosrd Of DIRECTORS. provided. however. that no
cali shall be made Of more than ten per cent no
per cent? on each share at any time, and thirty
days must eiapse before announcer eau can Dc
MADE. .uh..,ar.h,o
sponsible for the contracts and faults OF the com
pany in any further sum than the unpaid balance
or balances due ING company on snales Owne! Wy
hlm, nor snaA any inIOrm4II!es u .no SIeanAa-
ton nave me enecI VI snnans GniS ,;t, u
Of exposing ssocxnoder 20 sly nSo nn.i pssono
Bee 4. Inc domlcne OF tns c9mPany Snan p pe
the city OF New orleans, ana ctta.ion snail Dc
served there on tne fresiuens oL sne company' Ut
In his absence, on tne vace-fIesident. :. =.
Sec 3, me stock DOCKS snan De hept ~ one
once OF the company, wnence cerInca'es VI sCooA
shall be issued 70 me sunscrloels, Dut no srans-
Ter OF stock shall De pind1ng upon me company
until made upon its sDock DOCKS, aau no sIoc5
certlf1cate shall De Issued except Ior IuA palo
stock. a.,
Sec o. In tne case Vi la1uIo ol VIC PEI VI 1uy
sups:Il1ot w BY ". - n;~antor. shon havo ~
required, the Board OF directors small nave the
option, AFTER tnr Gays wrno9n nouce w VIC
delinquent OF IorIelune MS socA, " tne aMo911s
shall have the right TO vote wnne IN oe1aul!. =.
SEC Z; All Iules Ielavs W tuo uec a.,on y, "
ulvldenos OF uiv1eions VI Piose % WI 90 70 ~ o
Dy-iaws VI !ne COMPANY, sHan 70 5 ~ sno
Board OF directors, put saiu Ines auu oy:aws
small Do eup}ecg 70 rePeal, cnanse Ut m atn =.
ton DIV the QOlQ0r6 Oh y mdJOI1ty VI tu0 btOCk VI
the company u tnelr meouns.
ARTICLE III.
GENERAL POWERS.
The saia company is empowered and author
Erst-To locate, construct, lease, owl and use
a railroad with one or more tracks and suitable
tnrnonts Of such puace and construction and
upon such course or route as may be deemed
by majority of the Directors of said company
most exnedicnt. beginning at q point on the Mis-
sissi S River at Rev Orleans, or between New
Orleans and the parish of Iberville, on the right
hank Of the Mississippi. and Baton Rouge on the
left bank or from New Orleans or Berwick's
Raw. via Vermillionville. in the parish of Lafay-
or from anv of said points, or from any point
within the limits OF this State, andrunning thence
towards and to the city of Shreveport. or the
city of Marshall or Dallas in the State of Texas in
such direction and route or routes as said company
shaIl fix. and with such connecting branches in
the State of Louisiana as may be deemed
nroper.
Second-To locate construct lease, own, MAIN
tain and nae snch branch railroads and tracks as
q majority Of the Directors of said company NAV
from time to time deem proper and expcdient
and for the interest of said COMPANY to own and
to use and lasse and thew shall not be restricted
in the exercise Of this privilege to the State of
T,nnisiana. Int NAV connect their main line with
anv other line or lines in other States which
shssu srthor;ze the exercise of said privilege
;th;n their limits and the said company shall
hava a r;oht To establish and maintain in the
city of New Orleans proper freight and passen-
10y eray danots and to CONNECT them bv tracks and
FAIRIES With the left bank of the mississippi River
at snch point or points as may be deemed most
Convenient for the public interest, and to use in
o,,nh f4rr;es staamboats and other vessels and
for t1e nnrposes Of such depots. tracks and fer
RES NAV acauire property bv appropriation.
Thi;rd.To construct. establish. or purchase in
tb,s IS State and thereafter. to own. lease. main
tain and nae suitable wharyes, piers, warehouses.
varda steamboats, harbors. depote. stations. and
other works and aupurtenances connected with
and incidental to said railway and its connec-
tions and tn RIM and manage the same as the
n;rantors ~ the aaid Comnanv NAV deem to he