The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-11
CHARTER.
STATE OF LOUISIANA,

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| STATE OF LOUISIANA, I
PARISH OF ORLEANS, CRY OF NEW ORLEANS,
| BE IT KNOWN, That on this twenty ninth
day Of the month Of June, in the year Of oul
| Lord one thousand eight hundred and seventy
five, and Of the United States OF America thu
ninety-ninth.
Before me, JOHN G. EUsTIs, 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
matter named and undersigned:
LEY, E. B. WHEELodK, HUGH KENNEDY
JOHN PHELPS, JOHN 81. KENNARD, CYRUS
| BUSSEY, GEORGE JONAS, W. B. SCHMIDT.
JAMES A. GIRDNER, JULIUS WEISS E. L.
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
to the Reorganization OF Corporations, in
State they 49, 5 these iorm
| 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 as
may hereafter become associated with them,
whether by subscription, purchase. transfer,
succession or otherwise, into q "BOdy Cor
porate," and Hereunder bind themselves, and
all who may hereafter become associated with
them, to be governed by the following. stipu..
the charter OF said Corporation.
ARTICLE !.
NAME.
The name and title of said corporation shall be
the NEW ORLEANS PACIFIC RAILWAY COM
PANY and BY that pane shall have succession,
and have corporate exietence 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,
and 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 same.
ARTICLE II.
CAPITAL STOCK.
SEC. 1. The capital stock of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
ts3, 100000, represented .by THiRTY THOU,
SAND SHARES of ONE HUNDRED DOLLARS
($1OO) 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
January, 1877: Officers, 9. B. WHEELOOK,
President: HUGH KENNEDY, Vice President;
s. II. KENNEDY, Treasurer. When one hum
dred and fifty Thousand dollars $3.50 O00) of the
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 a. 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 (1O
per cent? on each share at any time, and thirty
days must elapse before another call can be
SECS No stockholder shall be held liable ORE
sponsible for the contracts and faults OF the COM
pany in anWurther sum than the unpaid balance
him, nor shall any informalities in the erganiza-
ton have the effect Of annulhng this Charter, or
of exposing stakeholder to any liability beyond
the amount OF his stock subscription unpaid.
Sec 4. The domicile of the company 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. 6. In the case Of failure on the part Of any
subscriber to pay the installments on his stock
required, the Board of Directors shall have the
option, after thir days written notice to the
delinquent of FORGETTING his stock, or the amounts
previously paid thereon; and no stakeholder
shall have the right to vote while in default.
SEC. T. All rules relative to the declaration of
dividends or divisions of profits, as well as the
bylaws of the Company, shall be made by the
Board of Directors, but said rules and bylaws
shall be eubject to repeal, change or modifica-
ton BY the holders # majority OF the stock OF
the Company at their meeting.
ARTICLE III.
GENERAL. POWERS.
The said company is empowered and author
lied:
First-To locate, construct, lease, own and use
q railroad with one or more tracks and suitable
turnouts, of such guage and construction and
upon such q course or route as may be deemed
by majority of the Directors OF said company
most expedienf, beginning at point on the Mis-
sissippi River at New Orleans or between New
Orleans and the parish OF Iberville, on the right
bank of the Mississippi, and Baton Rouge on the
left bank; or from New Orleans or Berwick's
Bay, via Vermillionville, in the parish OF Lafay-
cite, and Opelousas, in the parish Of st. Landry,
or from any of said points, or from any point
within the limits Of this State, and running thence
towards and to the city Of Shreveport. or the