The New Orleans bulletin., 1876-02-17
CHARTER.
STATE OF LOUISIANA,

liz D in and for this citv, and parish Of Orleans
state of Louisiana, duly commissioned and quail
| fed. and in the presence OF the witnesses mere
matter named and undersigned: nav
1Ey FgrsGnA % b WHEEIOdk, WIFE HUGH Kennedy
JOHN PHELPS, JOHN q. KENNARD. CYRUs
BUSSEY. GEORGE JONAS, W. b. SCHM!DI
JAMES A. GIRDNER, JULIUS Wells, +.
RANLETT and DAVID WALLACE, al resi-
dents of this city, VINO seHeray tha novers
rights and privileges conferred by the sta.
tutes of the State Of Louisiana, relative
to the Reorganization OF Corporations, II
thi State, they do, by these presents, 1orm
organize, constitute and found C0IPorauson loa h
the objects and purposes as shall hereafter De
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 ana 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
pora,e," and Hereunder bind themselves, and
all who may hereafter become associated with
them, to be governed by the following stipu..
latiops obligations and regulations as 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 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,
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 tho United States that shall
authorize The same
ARTICLE II.
CAPITAL STOCK.
SEC. 1. The captsl stock Of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
($3 600, ,UO0), represented by THIRTY THOU
SAND SHARES of ONE HUNDRED DOLLARS
(s1OO) EACH, with the right to increase said
capital stock to TWELVE MILLION DOLLARS,
provided that said corporation shall be organized
under the lncOrporators herein named, who
shall constitute the Board OF Direct rs 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, 2 B. WHEELOcK,
President; HUGH KENNEDY, Vice President;
s. II. KENNEDY, Treasurer. When one hum
dred and fifty thousand dollars $3.50 000) Of the
capital stock shall have been subscribed, the
Board of Directors are authorized 10 commence
the construction of the road and to carry out the
provisions of THU 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 aud 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 40
per cent? on each share at any time, and thirty
days must elapse before another call can be
made.
SEC g. No stockholder shall be held liable ORE
sponsibie 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 organiza-
ton have the effect of annuling this Charter, or
Of exposing stockhclder to any liability beyond
the amount OF his stock subscription unpaid.
SEC. 4. The domicile of the company shall be
the city of New O,leans, 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 he Company
certificate shall be issued except fof full paid
stock.
Sec 6. In the case of failure on the part Of any
to pay the installments on his stock as
.equired, the Board of Directors shall have the
option, after thir days written notice to the
previously 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 we'll as the
)v-laWs of the Company, shall be made bv the |
Board of Directors, but said rules and bylaws |
hall be subject to repeal change or modifca- |
ion by the holders # majority of the stock of |
he Company at their meeting.
ARTICLE III.
GENERAL POWERS. |
The said company is empowered and author |
zed:
n;.s4 IT, looo&o co,.tr,,n& ,o..o oxr,, oxl -.
railroad with one or more tracks and suitable |
urnouts of such guage and construction and |
pOn such course or route as may be deemed |
y majority Of the Directors Of said company
most expedienr, beginning at point on the Mis-
issippi 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
eft bank; or from New Orleans or Berwick's
Say, via VermillionUlle, in the parish OF Lafay-
tie, and Opelousas, in the parish Of st. Landry,
r from any OF said points, or from any point
7ithn the limits OF 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
uch direction and route or routes as said company
hall fix, and with such connecting branches in
be 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 may
rom time to time deem proper and expedient
D use and lease and they shall not be restricted
, the exercise of this privilege to the State of
,ouisiana, but may connect their main line with
ny other line or lines in other States which
hall authorize the exercise of said privilege
ithin their limits, and the said company shall
ave a right to establish and maintain in the
ty OF New Orleans proper freight and passen-
er depots, and to connect them BY tracks and
,rries with the left bank Of the Mississippi River
such point or points as may be deemed most
onvenient for the public interest, and to use in
lch fl rries steamboats, and other vessels, and
'r the purposes Of such depots, tracks ana fer
es. may acquire property by appropriation.
Third TO construct, establish, or purchase in
lls State, and thereafter. to own, lease, main.
I'm and use suitable wharves, piers, warehouses
ards, steamboats,, harbors, depots, stations. and
her works and appurtenances connected with
I'D 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 he
ost expedient and to the welfare Of said corpo.
tion.