The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-13
CHARTER.
STATE OF LOUISIANA,

Before me, JOHN G. EUs1Is, 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 and appeared, G. ". r. BAY
LEY, E. B. WHEELOCK, HUGH KENNEDY
JOHN PHELPS, JOHN II. KENNARD, CyRU.
BUSSEY, GEORGE JONAS, W. B. SCHMIDT
JAMES A. GIRDNER, JULIUS Wells, E. L
RANLETT and DAVID WALLACE, all resi-
dents Of this city, who severally declared
That, awaiting themselves of the powers
rights and privileges conferred by the sta
tutes of the State Of Louisiana, relative
to the Reorganization of Corporations" ir
thi State, they do, by these presents, form
organize, constitute and found a 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-
laiions 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 ext tence 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 she same.
ARTICLE II.
CAPITAL STOCK.
Sec. /. The capital stock of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
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 incorporators herein named, who
shall constitute the Board of Direct RS and shall
named gentlemen, who shall be the officers of
the Company until the second Wednesday in
January, 1877: Officers, z 3. WHEELO K,
President; HUGH KENNEDY, Vice President
bred and fifty thousand dollars (s15O,OC Of the
capital stock shall have been subscribed, the
Board of Directors are authorized 10 CONNIE nee
the construction of the road and to carry cut the
provisions OF thlJ 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
per cent? on each share at any time, and thirty
days must elapse before another call can be
made.
SEC 8. No stockholder shall be held liable or re-
sponsbe 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 iuformalities in the organize
ton have the effect Of annulling this Charter, or
o. exposing stakeholder to any liability beyond
the amount OF his stock subscription unpaid.
SEC. 4. The domcile 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
fer Of stock shall be binding upon he 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
subscriber to pay the inrtallments on his stock as
the Board of Directors shall have the
option, after thir days written notice to the
of FORGETTING his stock, or the amounts
previously paid thereon; and no stakeholder
hall nave the Slt 10 vote Wu1lo III QeIauL.
SEC Z. 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
Board of Directors, but said rules and bylaws
shall be subject to repeal, change or nodfca-
ton by the holders f majority of the stock OF
,he Company at their meeting.
ARTICLE III.
GENERAL POWERS.
The said company is empowered and author
zed:
First-To locate, construct lease, own and use
railroad with one or more tracks and suitable
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-
,issippi River at New Orleans, or between New
orleans and the parish OF Iberville on the right
,ank Of the Mississippi, and Baton Rouge on the
Bay, via yermillionville, in the parish OF Lafsy-
,tte, and Opelousas, in the parish Of st. Landry,
)r from any of said points, or from any point |
within the limits ofths State, and running thence |
owards aud to the city of Shreveport, or the |
,itv of Marshall or Dallas, in the State of Texas, in
uch direc ion an6 route or routes said company
shall fix, and with such connecting branches in |
he State Of Louisiana as may be deemed |
roper.
Second--To locate, construct, lease, Owl, 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 |
md for the interest Of said company to own and
o use and lease, and they shall not be restricted
d the exercise Of this privilege to the State Of
Iouisiana, but may connect ther man line with
nv other line or Ines IN other States which
hall authorize the exercise of said privilege
within their limits, and the said company shall
ave right to establish and maintain in the
lily OF New Orleans proper freight and passen-
,er depots, and to connect them by tracks and
erres with the left bank of the Mississippi River
t such point or points as may be deemed most
for the public interest, and to use in
UGH ferries steamboats, and other vessels, and
Dr. the purposes of such depots, tracks and fer
ies, may acquire property by appropriation.
Third-To construct, establish or purchase in
his State, and thereafter, to own, lease, MAIN
ain and use suitable wharves, piers, warehouse g.
ards, steamboats,. harbors, depots, stations. and
ther works and appurtenances connected with
nd incidental to said railway and its connec-
ons, and to run and manage the same as the
directors of the said Company may deem to be
lost expedient and to the welfare of said corpo-
ltion.
Fourth-To take, transport, carry and convey
ersons and property upon its said railway and