The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-11
CHARTER.
STATE OF LOUISIANA,

| Before me, JOHN Ct. EUSTlS, Notary Pul
lie, in and for this city. and parish OF Orlean
lied. and in the presence of the witnesses her,
matter named and undersigned:
Personally came ana appeared, g. ". q: BA1
LEY, E. B. WHEELOCK, HUGH KENMEDl
JOHN PHELPS, JOHN 3; KE r. 3D., CY 7n5
JAMES A. GIRDNER, JULIUS WEIS, E. l
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
to the Reorganization Of Corporations" il
thi, State, they do, by these 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,
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 hereafter become associated with them
whether by subscription, purchase, transfer
succession or. otherwise, into "Body Cor
all who may hereafter become associated will
them, to be governed by the following stipu
lations, obligations and regulations as articles O.
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 name shall have succession
and have corporate existence 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,
may receive grants of land or personal property,
and shall possess all the 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 MILLION DOLLARS
($3, OOO,OOO), represented by THIRTY THOU
SAND SHARES of ONE HUNDRED DOLLARS
($10O) EACH, with the right to increase said
capital stock to TWELVE MILLION DOLLARS,
provided that said corporation shall be organized
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; o9 9 H@SSE p B. WI WHbEE1ock.
s. 81. KENNEDY, Treasurer. When one hum
dred and fifty thousand dollars ($150, O0O) 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
this, subscriptions to the capital stock shall be
due and payable ss herein provided for when
this amount has been subscribed.
Sec. 2. The time and manner OF payment for
Board of Directors, provided, however, that no
call shall be made Of more than ten per cent 40
per cent? on each share at any time, and thirty
days must elapse before another call can be
made.
SEC. 8. No stakeholder shal be held liable or re-
for and anil IF fho
pany in any further sum than the unpaid balance
or balances due the company on shares owned by
him, nor shall any nformalities in the organiza-
ton have the effect of annulling this Charter, or
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. 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
Ter Of stock shall be binding upon The Company |
until made upon it's stock books, and no stock |
certificate shall be issued except for full paid |
stock.
Sec. 6. In the case of failure on the part of any
to pay the instalments on his stock as
'equired, the Board Of Directors shall have the
option, after thir days written notice to the |
delinquent, of forfeiting his stock, or the amounts
paid thereon; and no stakeholder
hall have the right to vote while in default.
Sec z. All rules relative to the declaration of
lividends or divisions of profits, as well as the
'y-laws of the Company, shall be made by the
;oard of Directors, but said rules and bylaws
ion by the holders Of q majority Of the stock OF
he Company at their meeting.
ARTICLE III.
GENERAL POWERS.
The said company is empowered and author
Jed:
First To locate, construct, lease, own and use
railroad with one or more tracks and suitable
1rnouts, of such guage and construction and
pom such course or route as may be deemed
y majority Of the Directors Of said company
lost expedient, beginning at point on the Mis-
ssippi River at New Orleans, or between New
rleans and the parish OF Iberville, on the right
ank of the Mississippi, and Baton Rouge on the
IT bank; or from New Orleans or Berwicks
ay, via Vermillionville, in the parish OF Lafay-
tie, and Opelousas, in the parish Of st. Landry,
thin the limits Of this State, and running thence
wards and to the city of Shreveport, or the
ty of Marshall or Dallas, in the State of Texas, in
lch direction and route or routes as said company
lal1 fix, and with such connecting branches in
le State of Louisiana as may be deemed
.oper.
Second-To locate, construct, lease, own, main
in and use such branch railroads and tracks as
majority of the Directors of said company may
ON time to time deem proper and expedient \
III IOT Iu0 lutoT0bt VI edlU company TO own and =
use and lease, and they shall not be restricted Z
the exercise Of this privilege to the State of q
,uisiana, but may connect their main line with o
" other line or lines in other States which 3
all authorize the exercise Of said privilege
thin their limits, and the said company shall
we right to establish and maintain in the
y of New Orleans proper freight and passen-
r depots, and to connect them by tracks and q
rres with the left bank of the Mississippi River
such point or points as may be deemed most Ct
nvenient for the public interest, and to use in
Oh ferries steamboats, and other vessels. and n
the purposes of such depots, tracks ana fer "
Is, may acquire property by appropriation.
Third Ito construct, establish, or purchase in
Is State, and thereafter, to own, lease, main :
n and use suitable wharves, piers, warehouse g.
rds, steamboats,, harbors, depots, stations, and
her works and appurtenances connected with
incidental to said railway, and its connec-
ns and to run and manage the same as the
rectors Of the said Company may deem to be
,st expedient and to the welfare OF said corpo.
ion.
take, transport, carry and convey
.sons and property upon it's said railway and
boats, by power of steam or any other power,
tn for oofaL md 70 o%o