The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-03

|
tutes of the State of Louisiana, relativ
!. to the Determination of Corporations" il
thi State, they do, by these presents, form
organize, constitute and found a 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 81
may here after 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 will
them, to be governed by the following stipu
lations, obligations and regulations as articles o
the charter oil said Corporation.
| ARTICLE l.
| NAME.
The name and title Of said corporation shall b.
| the NEW ORLEANS PACIFIC RAILWAY COM
| PANY, and by that name 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 hereinaftel
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 corpora lions are or may be by any genera
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. srocx
Sec l. The capital stock of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
ls3,00O,OOo), represented BY THIRTY THOU
| (s10O) EACH, with the right to increase said
| capital stock to TWELVE MILLION DOLLARS,
plovuou lnaI saiu col polaion snaAi 70 VI sanzeu
uhuer tne iIcoippIators noreln naneo, mn ~
slaii c1ns.ituts INC u D LIT. - anu sla
holo Ihelr oince' tosetneI WIN tne borrowing
naine0 gentieneh, WIG snan " Gale olncels VI
1ne ooAPa ai. uu o e1Son1 mrTI u w ~
January, 1871 Ofhcers, - .. WHEELO, 4,
fres,d H nUJH nENSE-DA' wee flesaenI;
.. d. hENNhU1, treasurer. wien one nun
dred and nifty thonsand collars tSl2O,N0) OF the
6oaro 0! DirecN aLe autnoi1eu W coLn me nee
the constructor OF the road, ana 70 carry out the
provisions OF thlu cnaI,er; 10 enable ihem 70 40
1his' su1scrip.oihs W Tue sapi.aa stoca s.an %
que ana payaole ~ ne,eh ProVloeo ior when
TINS amount mas oeen SUBSCRIBER.
SEC. =. Inc trie anu hlannel oi paymeuut loI
STOCK snail DC SUCH a. may De uetelmneu ~ 'ne
bosrd o, DIRECTORS, Provldea, however, that ne
cal W w aa" shsre at smn +;me and thrt
davs mnst alAnse before another call can be
made.
SEC g. No stockholder shau be held liable or re-
sponsbe for the contracts and faults of the com.
pany in aUy further sum than the unpaid balance
or balances due the mpany on shares owned by
him. nor shall any lnfor1nalities IN the organize
ton have the effect OF annulhng TINS Charter, or
the amount of his stock subscription unpaid
SEC. 4. The domiclie OF the company snail be
the city OF New % leans, and citation shall be
served there on the frsslaent OF the company, or
III Ills absence, on the vice. Presldent;
SEC. 5. The stock books shall De kept at the
ONCE OF the company, whence certlncates OF STOCK
shall be issued to the subscribers, out no trans
until made upon its stock books. and no stock
certificate shall Do Issued except Tor fuli paid
stock.
Pee. O. IN 1he case Oh laiu.e On .ae Pafs OF any
subscriber TO pay Inc in-taAmen's on nls STOCK as
required, the Board OF directors shall nave the
option, after tnir Gays wrltten nouce 70 the
oeHnquenC' " iofl1i.ns nis e'oIA, VI wy al..s
previously pald thereon ana no stockholder
snail nave the rlght 70 vote WINE III delauIe.
SEC Z; An lules relaaive 70 .ae aeclara.'oh OF
alVloends or DIVISIONS VI pIents; as wen as tle
bylaws OF inc OohpauS, snsA pe Hauo Wy the
Board OF directors, DuJ salu rules anu Dy-laWs