The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-21
CHARTER.
STATE OF LOUISIANA,

five, and OF the United states OF AInerlca 'ne
ninety-ninth.
Before me, JOHN G. EUSIIs, a 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; ,.y
Personally came and appeared, g. ". r. BAY
LEY, E. B. WHEELOCk, HUGH kENNED1,
JOHN PHELPS, JOHN II. KENNARD, CYRUS
BUSSEY, GEORGE JONAS, W. b. SCHM!DI,
JAMES A. GIRDNER, JULIUS MEls, E. !.
dents of this city, who severally declared
That. ayailing themselves OF the powers,
rights and privileges conferred by the sta
t,ltes of the State Of Louisiana, relative
to the Reorganization OF Corporations IN
thi State, they do, by these presents, form,
organize, constitute 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 con-
stitute, and do, by these presents, form ana con
sttute themselves, and all such other persons as
may hereafter become associated with them,
whether by subscription, purchase. transfer,
succession or otherwise. into body Cor,
porate," and Hereunder bind themselves, and
all who may hereafter become associated with
them, to be governed by the following stipu-.
ations, obligations and regulations as articles OF
the charter OF said Corporation.
ARTICLE I.
NAME.
The name and title of said corporation shall be
the NEW CRLEhNS PACIFIC RAILWAY COM
pANY and by that pame shall have succession,
and have corporate ext. tence for and during the
full term and period of twenty-five (25) year,
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,
NAV receive grants of land or personal property,
aud shall possess all tie powers ana privileges
which corporations are or may be by any general
law CT this State authorized to possess, and said
company NAV exerciseits corporate powers within
any other State of the United States that shall
authorize .he same.
ARTICLE IT,
-
r,, ,';tnl l4a.t ~ this cornors tion ia
SEC 1. 1na cal m11p etHSA , M RnTJAPS
he1eoy nAea al Ahht-i1 llH TI91n,,V trnoTT
(s3O0oo0v), rePIes oNE NIX ~ npEn moi IARS
SAND ShAhEo OF OSH ~ ;Da.a - aa;d
(Sloo) EAIH, NM 9Yrf IVY w nyiI 70 n0ITARS
capital stock TO lMEheE .naL IN -, orran;zai
plohlaet .liS Observation-Disclosures sou herein named. who
uuder the lncorpoTatofs .erena na'o ord s,an
shaii constitute the Doa ~ VI III ~ samaw;nn
hold Their ONCE tpee.,oi %..n ~ o oe;oor. nf
| named gentlemen, MY snan W Nv, Woa"aN5ar in
1he ooihp AL un Ea;oars n p WHEEL OK
Presidents: HUGH hENNhD1' VICE iiesu i',,'
5. ii. hENNED1, ifeas uiGI. m oc my - a.
dred and My thouSanu aohaas NI,b'or;bo1 the
capital stock shaA nave peen r.o
Board OF directors aLe 5 - ~ wv n ~
the construction OF the roao ana 70 carry ou. 'ile
provisions OF tniu c.la,iei' y. s.ocI sh.u he
tins, suDscrlptiohs 70 tiie sapi.ai ;3" f 49,,
due ana pa{apie as nui'.nr;,inad
this amount nag reen .,,no, ~ ,o,ron+ for
SEC z Inc t'nie anu hlanhei % 20; Nv th o
stock shall be such as may % ue.eanet NY y; 'no
Board OF directors No., ta,, nn, cent 10
can snn pe n.y. oh s y, at snv time and thirty
| lava n,nst elapse before another call can be
made.
SEC. g. No stakeholder shau be held liable or re-
snonsible for the contracts and faults of the COM
pany in auv further sum than the unpaid balance
| rr balances due the company on shares owned by
him nor shall any informalities in the organlZa-
ton have the effect of annuling this Charter, or
Of exposing stakeholder to any liability Beyond
the amount OF his stock subscription unpaid,
| SIC. 4. The domicile OF the company shall be
the city of New Orleans, and citation snail be
| served there on the President OF the company, or
in his absence, on the Vice-President.
| SEC. 81 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 its stock books. and no stock
certificate shall be issued except Tor full PAID
stock.
SEC 6. In the case OF failure on the part OF any
subscriber to pay the lnstaliaents on MS STOCK az
REQUIRED, the Board of Directors shall have the
| option. after thir days writton notice to the
delinuuent of forfeting his stock or the amounts
| previously paid thereon; and no stakeholder
l
SEC. 7. All rules relative to the declaration OF
dividends or divisions of profits, as we'll as the
| bylaws of the Company shall be made by the
| Board of Directors, but said rules and bylaws
shall be subject to repeal, change or mOdltca-
ton by the holders # a majority OF the stock OF
the Company at their meeting.
| ARTICLE III.
arxrp,I powrps.
| .1o,1'.i. an,mn.,o.ol o,d or+bor-
Ahe saio ooAnp"n' 40 '--0,
lze ~. ro ,oco+a oonstrrc+ ,esse own and nse
ris~ IN o,,s ~ rnore trs cLs md suitsLje
nrnnuts of such suage and construction and
urnou .h =, conrae or route as NAV be deemed
uPon So Of +be DIRECTORS of aid comnanv
=. nsJndnt bao;nnino at noint On the Mis-
LIS ;s;1i Pi1ar 81 Now Orlaans or hetween New
ar,aapnps nd tho narisb Ut Ibervile On the risht
tarl nf tha Missssnn and ration Ronoe on The
af h q, i0 or from ew orleans or Rerwick's
Rav via yermiilionylle in the parish Of Lafay.
cue. anu oPeiHt "A. ~ g. ~ ~ -