The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-08
CHARTER.
STATE OF LOUISIANA,

dav of the month OF June, IN the year OF Oul
Lord one thousand eight hundred and seventy
Before me, JOHN G. EUSIIS, Notary Pub
| lie, in and for this citI. and parish OF Orleans
! State of Louisiana, duly commissioned and qusI
fed, and in the presence OF the witnesses here
matter named and undersigned:
Personally came and appeared, G: "; r. by
LEY, L. B. WHEELOCK, HUGH KENNEDY,
JOHN PHELPS, JOHN H. KENNARD, CYRUS
BUssEY, GEORGE JONAS, ": B: SCH MIDT
RANLETr and DAVID WALLACE, all resi-
dents Of this city, who severally declared
| That, availing themselves OF the powers,
rights and privileges conferred by the eta
| tutes of the State OF Louisiana. relative
| to the Reorganization of Corporations, in
| thi State, they do, by these presents, form.
| organize, constitute and found Corporation for
| tho 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 a "Body Cor
porate," and, Hereunder bind themselves and
all who may hereafter become associated with
them, to be governed by the following stipu-
lations, obligations and regulations articles OF
the charter OF said Corporation.
ARTICLE l.
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 fol- 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,
md otoH q a Gtrc
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.
SEQ. 1. The capitol stock Of this corporation is
hereby fixed at THREE MILLION DOLLARS
(s3, ,000), represented by THIRTY THOU
SAND SHARES of ONE HUNDRED DOLLARS
(S100) EACH, with the right to increase said
capital stock to TWELVE MILLION DOLLARS,
provided that said corporation shall be organized
under the incorpora.ors 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, 4. B. WHEELOCK,
S. H. KENNEDY, Treasurer. When one hun
dred and fifty thousand dollars (S150, OG0 of the
capital stock shall have been subscribed, the
the construction Of the road. and to carrv ont tbe
f III, ~ s ns W ouI 'e
fFh;s Observation-Disclosures to tha canitsI stocI shall ho
Jna' snd nsvable az herain nrov;ded f., -
this amount has been subscribed.
SEC. 2. The time and manner OF payment for
stoc, shall be such as rnsv be determine Nv :he
Rosrd nf nirectnrs nTovi3ed bowevar Ibst M
cali shs he made If more than ten ner cent 10
per cent? on each share at any time, aud thirty
DAYS must elapse before another Call can be
mace.
SEC: 8. No stockholder shau be held liable ORE
sponslble for the contracts and faults OF the com
pany IN any 1ufthef sum IMAM the unpaid balance
or balances due the company on shares owned by
aim: nor snaI any lniofnlal1tes IN me orgaDlza-
ton nave the erect OF annnlhng TINS Charter, or
OF exposing stockholder to any liability beyond
=, DEC. 4. me domlcile Oh the company snail be
the city OF Ne" ORGANS. ana citation Shall be
served there on the ffesiaens Oh the company, or
IN ms absence g1 on me vice-rresdent;
once Oh the company whence cer'ihcatee OF stock
shali DC issued 70 1he suDsefloers, put no trans
Ter OF STOCK shaii pc piiidihg upon me company
anui MADE upon lts STOCK DOCKS, ana no stock |
'ertihca1e shau NC ISSUED eAcePt Ior luii pald |
'tock.
pee. .. In the case Q, failure on the part OF any
'upscrlDer 10 pay tne llstdnishts on ms stock as
'equired, the Board OF Directors shall have the |
,ptioh' ater tnH Gays "fit1eu hotlce TO inc |
ielnquent, OF forleiung MS stock, or the amounts
previously pala thereon ana no stockholder
man nave the Tlght 70 vote WINE IN default.
SEC. Z Ali rules relative TO the declaration OF
hvldends or DIVISIONS OF profits, as well as the
OF the company, snal 90 MADE by the
3oard OF DIRECTORS but SAID rules and bylaws
hall be eubJect to repeal, change or modlhca.
ION oy the holders ol a majority OF the stock OF
ne Company at their meeting.
ARTICLE III:
GENERAL, POWERS.
The said company is empowered snd author
First-To locate. construct. lease. own and mao
railroad with one or more tracks and suitable
1rnouts. Of such euage and construction and
non snch course or route as NAV he deemed
y a majority If the Directors of asiS comnanu
lost expedient. beginning at point on the Mis-,
ssinni River at Rev Orleans or between n1 N sa
rleans and the parish Of Iberyille on the rioht
ank of the Mississippi and Baton Ronee on The
,ft bank: or from New Orleans or Rerwick,s
ay. via Vermllionyi1le. in the parish Of Tsfsv.
TEL and Opelousas. in the parish Of ST Iandry
: from any Of said points. or from anv noini