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

State of Louisiana, duly commissioned and quail
fed, and in the presence of the witnesses her,
matter named and undersigned:
LEY B. %aEE sna eRs. HIGH KiSNEb Ed
4 JOHN PHELPS, JOHN 81. KENNARD, CYRU
BUsSEY, GEORGE JONAS, W. B. SCHMIDT
JAMES A. GIRDNER, JULIUS WEIs, E.
RANLETT and DAVID WALLACE, all res
dents of this city, who severally declared
That, availing themselves of the powers
rights and privileges conferred by the sta
tutes of the State Of Louisiana, relativ
2 to the Organization Of Corporations" ii
thil State, they do, by those presents, form
organize, constitute and found Corporation TO
the objects and purposes as shall hereafter b.
enumerated and set forth; and to that end the.
1do hereby covenant and agree to form and con
stitute themselves, and al such other persons al
| may hereafter become associated with them
whether by subscription, purchase, transfer
succession or otherwise, into a "Body Cor
porate," and Hereunder bind themselves, ant
all who may hereafter become associated witt
them, to be governed by the following stipu
latons, obligations and regulations as articles o.
the charter oil said Corporation.
ARTICLE 1.
Il NAME.
The name and title of said corporation she'll be
the NEW ORLEANS PACIFIC RAILWAY COM
PANY, and by that rame shall have succession,
and have corporate eNrtence 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,
| aud shall possess all tie powers and privileges
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.
Sec. 1. The capital stock of this corpora ton is
hereby fixed at THREE MILL ION DOLLARS
| (s3, 000,0O0), represented by THIRTY THOU
SAND SHARES of ONE HUNDRED DOLLARS
| (s1OG) 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
the Company until the second Wednesday in
January, 1877: Officers, e. B. WHEELOCK,
President: HUGH KENNEDY, Vice President;
s. II. KENNEDY, Treasurer. When one hum
dred and fifty thousand dollars ($150, 000) Of the
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 thi1 charter; to enable them to do
this, subscriptions to the capital stock shall be
due and payable as herein provided for when
this amount has been subscribed.
SEC. 2. 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 10
per cent? on each share at any time, and thirty
days must elapse before another call can be
made.
Sec. 8. No stakeholder shall be held liable ORE
sponsible for the contracts aud 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
Sec. 4. The domicile. of the company shall be
the city of New Orleans, and citation shall be
in his absence, on the Vice President.
Sec. 5. The stock books shall be kept at the |
Office of the Company, whence certificates Of stock
shall be issued to the subscribers, but no trans
fer of stock shall be binding upon The Company |
until made upon its stock books, and no stock |
certificate shall be issued except for full paid |
stock.
Sec. g. In the case of failure on the part of any
to pay the installments Ills stock as
required, the Board of Directors shall have the |
option, after thir days written notice to the |
of FORGETTING his stock, or the amounts
paid thereon and no stakeholder |
Shall have the right to vote while in default
SEC. 7. All rules relative to the declaration of
dividends or divisions of profits, as well as the |
bylaws OF the Company, shall be made by the |
shall be subiect to repeal, change. or modifca-
lion by the holders If majority OF the stock of |
The Company at their meeting.
ARTICLE III.
GENERAL POWERS.
Tho said company is empowered and author
First locate, construct, lease, own and use
railroad with one or more tracks and suitable
urnouts, Of such guage and construction and
lpon such course or route as may be deemed
~ majority of the Directors Of said company
most expedient, beginning at point on the Mis-
orleans and the parish OF Iberville, on the right
'ank of the Mississippi, and Baton Rouge on the
eft bank; or from New Orleans or Berwick's
Say, via Vermillionville, in the parish OF Lafay-
r from any Of said points, or from any point
7ithn the limits this State, and running thence
owards and to the city Of Shreveport. or the
ity Of Marshall or Dallas, in the State of Texas in
UGH direction and route or routes as said company
hall fix, and with such connecting branches in
he State of Louisiana as may be deemed
roper.
Second-To locate, construct, lease, own, main
ain and use such branch railroads and tracks as
majority of the Directors of said company NAV
rom time to time deem proper and expedient
nd for the interest Of said company to own and q
use and lease, and they shall not be restricted
q the exercise Of this privilege to the State of
Iouisiana, but may connect their main line with /
ny other line or lines in other States which G
hall authorize the exercise of said privilege
'ithin their limits, and the said company shall
ave right to establish and maintain in the
ity of New Orleans proper freight and passen-
or depots, and to connect them by tracks and q
srries with the left bank Of the Mississippi River
t such point or points as may be deemed most c
onvenient for the public interest, and to use in
lch ferries steamboats, and other vessels, and | q
n the purposes Of such depots, tracks and fer.
es may acquire property by appropriation
Third-To construct, establish, or purchase in
lis State, and thereafter, to own, lease, main :
lin and use suitab BILE wharves, piers, warehouses.
ards, steamboats,, harbors, depots, stations, and
Their works and appurtenances connected with
nd incidental to said railway and it's connec-
ons, and to run and manage the same as the
irectors Of the said Company may deem to be
ost expedient and to the welfare Of said corpo-
tion.
Fourth-To take, transport, carry and convey