The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-11
CHARTER.
STATE OF LOUISIANA,


five, and of the United States of America tn
ninety-ninth.
Before me, JOHN G. EUsT1s, 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 ana appeared G. W. R. BAY
LEY, Z. B. WHEELOCK, HUGH KENNEDY
JOHN PHELPS, JOHN b. KENNARD, CYRUS
BUSSEY, GEORGE JONAS, W. 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 Reorganization of Corporations in
| thi State, they do, By these presents, form
| organize, constitute and found Corporation fol
| 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 stipu-
lations, obligations and regulations as articles of
the charter OF said Corporation.
ARTICLE /.
NAME.
The name and title of said corporation shall be
the NEW ORLEANS PACIFIC RAILWAY COM
PAN1, and by that name shall have succession,
and have corporate exiztence for and during the
full term and period Of twenty-five (25l 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,
aud shall possess all tie powers and privileges
which lions ha nv al
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 came.
ARTICLE II.
CAPITAL STOCK.
Sec 1. The capital stock Of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
SAND SHARES Of ONE HUNDRED DOLLARS
(sl0O) 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
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, e. B. WHEELO Tx,
President: HUGH KENNEDY, Vice President;
lred and fifty thousand dollars $3.50, 00O of the
capital stock shall have been subscribed, the !
Board of Directors are authorized to commence
,he construction OF the road and to carry out the
provisions Of THU charter; to enable them to do
his, subscriptions to the capital stock shall be |
lue and payable as herein provided for when
his amount has been subscribed.
SEC. 2. The time and manner OF payment for
took shall be such as may be determined by the
5oard OF Directors, provided, however, that no
all shall be made of more than ten per cent 40
yer cent? on each share at any time, and thirty
80 niue' o'"p0o 0oioio "no'ne' oA4i 'an oe
SEC 2. No stakeholder shsu be held liable or re-
,'o,,otI 81 ~ ant,et a. - IT. &c ., ~ To-
~ nv, in orv frrtbar s,,n, N az ,,nno;d he -
= h,lancaS dua Tho comnonv an Sbara. cn'ana h,,
inn nor shall snv informaiii;es in The oraanizo
An bava Tho effact ~ onnnlEno +bis rhaot, ~ |
axnos;nc q stooLhol1or ~ ~ IIa h;1it VI
ID apoonn} ~ lie stool anhscr;y,ion ,,nyvo;J oo
Src Tha do,,iciio of IL po,,,,>o,lp I'LL -;
- ~ of Nv n aons 80 o;tni;a,' al 10 10
arved there on the President IF iha nan NC
his ahsence on the Wee. Presidenr -
S LIE III t H .i 800 LII h
ao sSpun poohs sna Gs hep' az ane
hal; he issned t1 the suhscribers Int no trsnsA
- - $50 soIi h bd;1, go ~. ~ sians-
nth made mon its stock 6onrs ond No ltani.
,r,ifat shai no ;soI,ad 1850 g. I'm n.o;h
.ocl, ava -"- p'A"
SIC Tn the case IF failure IN tho mort If or,,
,hscrhar to nav Tho ;n.tallments nv h;s 500 a
$3.50 ~ 80 - 80 n:. 's i W ,iin ssoon as
't;nn aftar thir Sava rtts sra nate .he
,l;ponnn+ of g,rfai +;,1, bic s+ool- on IL o,,o4
.a1;dd,,ei,' ~ to'ne .s " .no I
20 hans r;obt ~ ,n+. a ~ 80.
Sc al rnas ralot; :" the a danIanot;. 80 :
sJor5s AZ d;ta;ans ~ 1891 o @ a.oh VI
io ~ ~ thn ronnsnr pham a. meh DIS .he
,ord If D;ractora ~ sod L. n.'J ~ si.o Il
81 10 % Iaot - oooi 1"iJ audes anu os:ia"S
1 a. h no ~ HI5o W. onas VI nounca
ro,,a NJ ~ tho;r VI 'no S'ocA VI
COMPANY "' 'nen meo.ns. a
ARTICLE LII. t
GENERAL POWERS.
The said company is empowered and author p
ID: +
locate, construct, lease, own and use "
abroad with one or more tracks and suitable t,
rnouts, Of such guage and construction and n
on such course or route as may be deemed W
a ma erity of the Directors Of said company
'st expedienr, beginning at point on the Mis-
sippi River at New Orleans, or between New
leans and the parish OF lberville, on the right
nix Of the Mississippi, and Baton Rouge on the
t bank; or from New Orleans or Berwck's
y, via Vermilonvile, in the parish OF Lafay-
e, and Opelousas, in the parish of St. Landry.
from any of said points, or from any point
thin the limits Ofthls State and running thence
Yards and to the city of Shreveport. or the