The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-22
CHARTER.
STATE OF LOUISIANA,


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STATE OF LOUISIANA,
PARISH OF ORLEANS, CRY OF NEW ORLEANs,
RE TT KNOWN. That on this twenty ninth
day OF the month of June, in the year OF our
Lord one thousand eight hundred and seventy
five, and Of the United States OF America the
Before me, JOHN G. EUS1Is, Notary Pub
lie. in and for this city, and parish OF Orleans,
State of Louisiana, duly commissioned and quail
fed and in the presence OF the witnesses here
Personally came and appeared, g. ": r: BAY
JOHN PHELPS, JOHN d. KENNARD, CYRUS
BUSSEY, GEORGE JONAS, W: B. SCHMIDT,
RANLETT and DAVID WALLACE, all resi-
dents of this city, who severally declared
That, availing themselves OF the powers,
rights and privileges conferred by the sta
tutes Of the State of Louisiana, relative
thi. State, they do, by these presents, form.
organize constitute and found Corporation Tor
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 -
may here after become associated with them,
whether by subscription, purchase. transfer,
succession or otherwise, into BODY Cor,
all who may hereafter become associated with
them. 10 be governed by the following stipu-
lations, obligations and regulations as articles Of
the charter OF said Corporation.
ARTICLE I.
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
fnll 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,
and shall possess all the powers and privileges
which corporations are or may be by any general
law OK this State authorized to possess, ana said
any other State of the United States that shall
authorize the same.
ARTICLE II.
CAPITAL STOCK.
Sec /. The capital stock of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
(S3, O0O, OOO), 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
named gentlemen, who shall be the officers Of
the Company until the second Wednesday in
January, 1877: Officers, E. B. WHEELOCK,
HUGH KENNEDY, Vice President;
s. Il. KENNEDY, Treasurer. When one hum
capital 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 az 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
,all shall be made Of more than ten per cent 40
Der cent? on each share at any time, and thirty
lays must elapse before another call can be
made.
SEC. 8. No stakeholder shau be held liable ORE
,ponsible for the contracts and faults of the conn
,any in any further sum than the unpaid balance
,r balances due the company on shares owned by
him, nor shall any informalties in the erganizs-
ion have the effect of annuling this Charter, or
he amount OF his stock subscription unpaid.
SEC. 4. The domicile of the company shall be
he city of New Orleans, and citation shall be
erved there on the President OF the company, or
n his absence, on the Vice-President.
Sec 5. The stock books shall be kept at the
,fice OF the Company, whence certificates Of stock
hall be issued to the subscribers, but no trans
er Of stock shall be binding upon The Company
Until made upon it's stock books, and no stock
erti6cat6 shall be issued except for full paid
took.
SEC. 6. In the case of failure on the part Of any
ubscriber to pay the installments on bis stock -
equired, the Board Of Directors shall have the
ption, after thir y days written notice to the
of FORGETTING his stock, or the amounts
paid thereon; and no stockholder
hall have the right to vote while in default.
SEC. 7. All rules relative to the declaration Of
y-laws Of the Company, shall be made by the
board of Directors, but said rules and bylaws
hall be eubiect to repeal, change or modifica-
ION by the holders If q majority Of the stock Of
be Company at their meeting.
ARTICLE III.
GENERAL POWERS.
The said company is empowered and anthor-
First-To locate, construct, lease, own and use
railroad with one or more tracks and suitable
1rnouts of such guage and construction and
majority of the Directors of said company.
lost expedient, beginning at point on the Mis-
ssppi River at New Orleans, or between New
rleans and the parish OF Ibervile, on the right
ank of the Mississippi, and Baton Rouge on the
1T bank; or from New Orleans or Berwick's
ay, via vermi!lionville, in the parish OF Lafay-
tie, and Opelousas, in the parish Of st. Landry.
r from any Of said points, or from any point
thin the limits Of this State, and running thence
snS to 1 D, city Of OF Or the
1ch direction and route or routes rs said company
nall fix, and with such connecting branches in
le State OF Louisiana. as may be deemed
roper.
second-To locate, construct, lease. own. MAIN
lin and use such branch railroads and tracks e
majority Of the Directors Of said company may
ON time to time deem proper and expedient
nd for the interest OF said company to own and
| the exercise Of this privilege to the State Of
ouisiana, but may connect tseir main line with
ny other line or lines in other States which
ALL authorize the exercise Of said privilege
ave right to establish and maintain in the
ty OF New Orleans proper freight and passen-
er depots, and to connect them by tracks and
rries with the left bank OF the Mississippi River
such point or points as may be deemed most
'nvenient for the public interest, and to use in
lch ferries steamboats, and other vessels, and
n the purposes of such depots, tracks ana fer
es, may acquire property by appropriation
Third-To construct, establish, or purchase in
us State, and thereafter, to own, lease, MAIN
in and use suitable wharves, piers, warehouses.