The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-17
CHATTER.
sTATE OF LOUISIANA.

| tutes of the State Of Louisiana, relative
| to the Reorganization OF Corporations" in
thi, State. they do, By these presents, form m
| 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 . "BOdy Cor
porate," and Hereunder bind themselves, and
all who may hereafter become associated with
them, to be governed by the following stipn-
laions, 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 ORLEANS PACIFIC RAILWAY COM
PANY, and by that name shall have succession,
and have corporate existence 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
Flaw CT 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
ooo represented o%s b THIRTY Ta0H
(s1O0) 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
lo1l Al,o;, %nno t1opv fOI Ovufoo
named gentlemen, who shall be the officers Of
the Company until the second Wednesday in
January, 1877: Officers, E. B. WHEELOcK,
President: HUGH KENNEDY, Vice President;
s. H. KENNEDY, Treasurer. When one hun
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 O. herein provided for when
this amount has been subscribed.
SEC. g. 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 no
per cent? on each share at any time, and thirty
days must elapse before another call can be
made.
SEC. 8. No stakeholder shsl be held liable or re-
sponsible for hecontracts 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 stakeholder to any liability beyond
the amount OF his stock subscription unpaid.
SEC: +. Inc Inc ooono u .n9 ;tat;ory haM Io
served there on the President Of the company, or
in his absence, on the vice-President.
Sec. S. The stock books shall be kept at the
Office Of the Company, whence certificates OF stock
snal Dc ~ eaG ds. ,,o1 Th hs Goo,nsnv
Ier OF stoch snaai nc 10 oto ND ND uo sPocf
until mace upon tts s1cA oooAs "1u ~ III s.; n
certificate snail DO issued except 1of iun paio
To- ~. ..so ~ % ;,nre m the mart IF .nv
PEG. =. 'no v4 tbe on bs stncI 90
o',iraJ tho Rosrd of Directora shall have the
option, ater tr uays cI .VIoo w VIZ
dennquent' OF is " ~. sthIdar
previously Paid sne ~ o nhH ~ dofsu1t
shan nave Ine risnI - .uSo ~ doiarot;c,, ~
SEC. Al lules leao W 0 LA, ~, v
dlVoenos OF ois r " paM 10 ,noda hv ~ o
bylaws OF the Company, snan 4e mace Dy sne
Board OF directors, pot saau Iules ano oy:laws
shall be eublect 10 repeal, cnanee ., Mooaca.
ton by the holders q ma!orlsy OF Inc s'ocA Oh
the Company AZ tneH meetine.
ARTICLE LII.
Tbe ssia COMPANY is empowered and author
;vad.
First-To locate. construct. lease, own and use
a ro;lroad with one or more tracks and suitable
Ammonia NJ snCh QuAp0 and construction and
mon T' sncb conrse or route "a NAV be deemed
bv a majority of the Directors OF said company
most expedient. beginning at q point on the Mis-
sissinni River at New Orleans, or between New
Orieans and the parish OF Iberville, on the right
hank Of the Mississippi, and Baton Rouge on the
left bank: or from New Orleans or Berwick's
Raw. 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
city of Marshall or Dallas, in the State OF Texas in
snch direction and route or routes as said company
shsll fix. and with such connecting branches in
the State of Louisiana "a may be deemed
proper.
Second-To locate, construct, lease, own, main
tain and use such branch railroads and tracks as
a maiority Of the Directors Of said company may
from time to time deem proper and expedient
and for the interest Of said company to own and
to use and lease, and they shall not be restricted
in the exercise Of this privilege to the State of
Louisiana, but may connect their main line with
any other line or lines in other States which
shall authorize the exercise Of said privilege
ry;th;n their limits and the said COMPANY shall