The New Orleans bulletin., 1876-02-22
CHARTER,
STATE OF LOUISIANA,

! CHARTER,
STATE OF LOUISIANA,
PAkiszt OF ORLEANS, CrTY OF NEW ORI&ANs,
/ BE TT KNOWN, That on this ewenty-nintl
day Of the month Of June, in the year of ou
Lord one thousand eight hundred and seventy
five, and Of the United States Of America tn
T Before me, JOHN g. EosrIs, 3 Notary Pub
lie, in and for this CITY. and parish Of Orleans
1 State Of Louisiana, duly commissioned and quail
fed, and in the presence of the witnesses here
matter named and undersigned:
Personally came and appeared, G. y. EBAY
LEY, E. B. WHEELOOK, HUGH KENNEDY
JOHN PHELPS, JOHN 81. KENNARp, CYRUS
I BUSSEY, GEORGE JONAS, W. B. SCHMIDT
RANLETT and DAVID WALLACE, all resi-
dents Of this city, who severlly. declared
That, availmg themselves of the powers,
rights and privileges conferred by the. sta
tutes of the State Of Louisiana. Sefative
thi. State, they do, BY these presents, form,
organize, constitpte and found q 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 cons
stitute themselves. and all such other persons as
may hereafter become associated with Them,
whether by subscription. purchase. transfer,
succession or otherwise, into "Body Cor
poraie." and hereunder bind themselves, and
all who may hereafter become associated with
them. TO be governed by the following stipu.
lations obligations Snd regulations a. articles of
the charter Of said Corporstione
ARTICLE I.
SAME.
:fhe name ana title Of said Corporation Shsif Be
the NEW ORLEANS PACIFIC RAILWAY COM.
PANY, and by that aame shall have succession,
and have corporate existence for and during the
v.>1 0F Ex,o
from the date of the execution OI these presents,
unless sooner dissolved ip the manner hereinafter
provided for: may sue and be eued. may hold
real and personal property may make coptsacts,
may receive grants OF iand or personal property,
and shall possess ait tho powers and privileges
Law OF shis State authorized eopossess. and said
company may exerciseits corporate powers within
any other State Of the United Statea THAI shall
authorize sha same.
ARTICLE II.
CAPITAL srocKs /
Sec I. The capital stock OF ehis corporation IL |
hereby fixed at THREE MILLION DOLLARS'I
SAND HAREs Of ONE HUNDRED DoEI.ARs
capital stock to TWELVE MILLION DOLLARS,
provided that said corporation shall be organized
inder the incorporators herein named, &ho
shall constitute the Board Of Directors and shall
lod their Office together with the following
named gentlemen, who shall be the officers of
he Company until the second Wednesday in
January, 1S77: Officers, g. B. WHEELOtK,
President; HUGH KENNEDY. Vice President;
lred aud fifty Thousand dollars ($150 O0O) of the
apital stock shall have been subscribed, the
Board Of Directors are authorized to commence
he construction of the road, and to carry out the
rovisions Of thip charter; to enable them to do
his, subscriptions to the capital stock shall be
ue and payable ss herein provided fog when
his amount has been subscribed.
Sec. 2. The time and manner OF paymeue for
tock shall be such as may be determined by the 1
'oard OF Directors, provided, however, that no |
all shall be made of more than ten per cent 40
or cent? on each share at any timee and thirty .
ays snust elapse before another call can be
Sec g. No stockholder shall be held liable or re-
for the contracts and faults of the COM
any in any further sum than the unpaid balance
: balances due the company on shares owned by
i'm, nor shall any informalities in the organiza-
on have The effect of annulling this Charter, or
exposing stockholder to any liability beyond
le amount Of his stock subscription unpaid. q
SEC. 4. The domicile Of the company shall be | +
le city Of New 0, leans, and citation shall be c
rived there on the President of the company. or a
his absence, on the Vice-President. C
Sec. 5. The stock books shah be kept At the O
all be issued to tie subscribers, but no eranse 3
r Of stock shall be binding upon The Company
It'll made upon it's stock books, and no stock f
rtifcate shall be issued except toy full paid Il
ocke
SEC. 6. IN the case Of failure on the part Of any
bscribef to pay the installments on his stock as
quired, the Board Of Directors shall have the3
tion, after thir y days. written notice to thef
linquent of forfeiting his stock, or the amounts m
eviously paid thereon; and 20 stockholder q.
all have the fight to vote while in default. ~ ~
SEC. 7. All rules relative to the declaration of :,
vidends or divisions of profits, as well as the Il
laws Of the Company, shall be made by the n n
ard Of Directors, but said rules and bylaws Il
all be.eubject to repeal, change or modifca- 81
n by the holders of majority Of the stock of ~
. Company at their meeting.
ARTICLE ILL., itl
GENERAL PowERss
che ssia company js empowered snd author p
d: II
1irst-To locate, construct Tease, own and use VI
abroad with one or more tracks and suitable to
nouts, of such guage and construction and ne
On such q course or route as may be deemed vi
q majority of the Directors of said company
st expedient, beginning at point on the Mis-
sippi River az New Orleans, or between New