The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-04
CHARTER.
STATE OF LOUISIANA

CHARTER.
| STATE OF LOUISIANA,
PARISH OF ORLEANS, CRY OF New ORLEANS,
BE 1T 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 the
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:
Personally came and appeared, G. W. R. BAY
LEY, E. B. WHEELOCK, HUGH KENNEDY,
JOHN PHELPS, JOHN 81. KENNARD, CYRUS
BUssEY, GEORGE JONAS, ": B: SCHMIDT,
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
to the Organization of Corporations" in
Thu State, they do, by these presents, form,
organize, constitute and found 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 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 sBody Cor
porate," and Hereunder bind themselves, and
ell who may hereafter become associated with
them, to be governed by the following stlpu-
lations, obligations and regulations 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 pame shall have succession,
and have corporate existence for and during the
full term aud 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 lard or personal property,
and shall possess all the powers and privileges
which corporations ere or may be by any genera!
law OF this State authorized to possess, and said
comp any may exerciseits corporate powers within
any other State of the United States that shall
authorize the same.
ARTICLE II.
CAPITAL STOCK.
SEQ /. The capital stock of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
($3, coo. 000), represented by THIRTY THOU
SAND SHARES of ONE HUNDRED DOLLARS
(s1OU EACH, with the right to increase said
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 |
naeu ges,een, WY ~ sa aon 10 Weaud
Tue OohpaIy uno .ne sGcoIo Wggnesq GoH ~
January, 1911; c Umcers, ~ .. WI Mh p:,
E iG Gs WHNNnUV ra,1s ~ aesios
8. u. ~. 1leasHl mH9u ocni e LUZ
oaeu anu at my oI h1 haar h - t e
Board Of Directors are authorized to commence |
.me oonsu. ~ ~; Sau snu " oas 'de
,, =, .D 40 'o;.oi s4i ~ ~
S Su' suISo P .,Dn W I Gap~a s;S5 "i W
te anu patao1 ao n,,haar;,p aS'iuoo ioi "nen
'n 60 TY,a at 49, 80 - ,,,. .o
stoai. ,., o s1ah 90 a -. ~ ~
R".rd 30 n;reoto % bowana tho
=" shs II 10 ;"aSa ID W. than te, NO, cant IN
per cent? on each share at any time. and thirty
days must elapse before another call can be
made.
Sec. g. No stakeholder shau be held liable ORE
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 lnfOrmalitles IN the 0rganlza-
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
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 3. The stock books shall be kept at the
office OF the Company, whence certlflcates OF stock
shall be Issued to the subscribers, but no trans
fer OF stockshau be binding upon 'he Company
until made upon its stock books. and no stock
STOCK.
SEC. =. lnthe case OF failure on the part OF any
subscriber uPay the instaliments on ms stock as
required, theBoard OF directors shall have the
option, after Fhlr days written NOTICE to the
ouorleltng his STOCK, or the amounts ,