The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-28
CHARTER.
STATE OF LOUISIANA,

| fed, and in the presence of the witnesses here
matter named and undersigned:
LEY, E. B. WIFE WHEELo6Rk, HUGH KENNEDY
JOHN PHELPS, JOHN d. KENNARD, CYRU
| BUSSEY, GEORGE JONAS, W. B. SCHMIDT
JAMES A. GIRDNER, JULIUS WEIS, E. L
RANLETT and DAVID WALLACE, all resi-
That, availing themselves of the powers
| rights and privileges conferred by the sta
| tutes of the State of Louisiana, relativ
| to the Organization Of Corporations" il
thiJ State, they do, by these presents, form
organize, constitute and found Corporation TO
the objects and purposes as shall hereafter b.
enumerated and set forth; and to that end the.
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 a.
may hereafter become associated with them
whether by subscription, purchase. transfer
succession or otherwise, into "Body Cor
porate," and hereunder bind themselves, ant
all who may hereafter become associated with
them, to be governed by the following stipu
lations, obligations and regulations rs articles
the charter OF said Corporation.
ARTICLE I.
NAME.
The name and title of said corporation shall b.
the NEW ORLEANS PACIFIC RAILWAY COM
and have corporate exirtence for and during tbs
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 genera
law OF this State authorized to pOssess, and said
company may exerciseits corporate powers within
any ether State OF the United States that shall
authorize the same.
ARTTCTE TT
CAPITAL STOCK.
SEQ. /. The capital stock of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
($3, 600, OO0), represented by THIRTY THOU.
SAND SHARES of ONE HUNDRED DOLLARS
(S100) EACH, with the right to increase said
capital stock to TWELVE MILLION DOLLARS,
provided that said corporation shall be organized
under the incorporates 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
January, 1877; Officers, =; B. WHEEL0CK,
s. Fl. KENNEDY, Treasurer. When one hum
bred and fifty thousand dollars ($15O, 000) Of the
capital stock shall have been subscribed, the
Board Of Directors are authorizedt0 commence
the construction 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 40
per cent? on each share at any time, and thirty
days must elapse before another call can be
made.
SEC g. No stakeholder shsu be held liable or re-
sponsible for the contracts and faults of the COM
pany in any further sum than the unpaid balance
or balances due the company on shares owned by
him. nor shall any informalities in the srganiza-
ton have the effect Of annuling this Charter, or
Of exposing q stakeholder to any liability beyond
the amount OF his stock subscription unpaid.
SEC. 4. The domicile Of the company shall be
the city of New Orleans, and citation shall be
served there on the President Of the company, or
in his absence, on the Vice President.
SEC. 5. The stock books shall be kept at the
Office Of the Company, whence certificates of stock
shall be issued to the subscribers, but no trans
fer Of stock shall be binding upon the Company
until made upon it's stock books, and no stock
certificate shall be issued except for full paid
stock.
SEC. g. In the case Of failure on the part Of any
to pay the inHtalments on his stock as
required, the Board of Directors shall have the
option, after thir days written notice to the
of forfeiting his stock, the amounts
previously paid thereon; and no stakeholder
shall have the right to vote while in default.
SEC. 7: All rules relative to the declaration OF
Dv-laws of the COMPANY. shall be made by the
Board of Directors, but said rules and bylaws
,haIl be subject to repeal. change or modifica
ion by the holders # majority of the stock OF
ApTICIE TT
A1D -
GENERAL POWERS.
The ssid company is empowered and author
zed:
First locate, construct, lease, own and use
! railroad with one or more tracks and suitable
urnouts, OF such guage and construction and
lpon such course or route as may pc deemed
most expedlenf, beginning at point on the Mis-
isslppi River at New orleans, or between New
orleans and the parish OF iDervllle, on the right
'ank OF the AisslsslpPi, ana patton rouge on the
cit bank OF from New orleans OF berwlck's
say, VIA termlihonvlne, IN the parish OF La1ay-
tie, and Opelousas IN me parish OF st. Landry,
r rom any OF saia POINTS or rom any point
within the limits OF tnls State, ana running thence
rdn and N n hn