The New Orleans bulletin., 1876-02-23
CHARTER.
STATE OF LOUISIANA,

l KANlxEII anu OAVU VA1AAOGI, o4A AO6A
dents Of this city, who severally declared
That, availing themselves Of the powers
rights and privileges conferred by the sta
tufes of the State Of Louisiana, relative
to the "Organization Of Corporations," in
thi, State, they do, by these presents, form,
organize, constitute and found Corporation foI
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 I.
NAME.
The name and title of said corporation shall be
the NEW ORLEANS PACIFIC RAILWAY CON-
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
unless sooner dissolved in the manner hereinafter
provided for; may sue end be sued, may hold
real and personal property, may make contracts,
may receive grants OF land or personal property,
and 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.
SEQ. 1. The capital stock Of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
($3, 900 ,C0O), represented by THIRTY ThOU-
SAND SHARES of ONE HUNDRED DOLLARS
($1OO) 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
the Company until the second Wednesday in
January, 1877: Officers, 2. B. WHEELOoK,
President: HUGH KENNEDY, Vice President;
8. H. 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 10 commence
the construction Of the road and to carry out the
provisions Of thi0 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 Q0
days must elapse before another call can be
made.
SEC. 8. No stockholder shxu be held liable or re-
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 organiza-
ton have the effect of annulling this Charter, or
OF exposing q stockholder to any liability beyond
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. S. The stock books shall be kept at the
Office Of the Company, whence certificates Of stock
fer Of stock shall be binding upon ,he Company
until made upon its 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 installments on his stock as
required, the Board of Directors shall have the
option, after thir y days written notice to the
delinquent of forfeiting his stock or the amounts
previously paid thereon; and no stockholder
shall have the right to vote while in default.
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 eubject to repeal, change or modiica-
ton by the holders Gf q majority of the stock OF
the Company at their meeting.
ARTICLE III.
GENERAL POWERS.
The said company is empowered and author
First-To locate, construct, lease, own and use
q railroad with one or more tracks and suitable
turnouts, OF such guage and construction and
upon such course or route as may be deemed
by majority of the Directors Of said company
most expedient, beginning at point on the Mis-
sissippi River at New Orleans, or between New
Orleans and the parish OF Iberville, on the right
bank of the Mississippi, and Baton Rouge on the
left bank; or from New Orleans or Berwick's
$1o ~f
cite, and Opelousas, in the parish Of st. Landry,
or from any of said points, or from any point
within the limits OF this State, and running thence
towards and to the city Of Shreveport, or the
city Of Marshall or Dallas in the State Of Texas in
such direction and route or routes as said company
shall fix, and with such connecting branches in |
The State Of Louisiana as may be deemed |
proper.
Second-To locate, construct, lease, own, main. |
tain and use such branch railroads and tracks as
q majority Of the Directors Of said company NAV
from time to time deem proper and expodient |
and for the interest Of said company to own and |
10 use and lease, and they shall not be restricted
in the exercise Of this privilege to the State Of
any other line or lines in other States which |
shall authorize the exercise of said privilege |
within their limits, and the said company shall |
have q right to establish and maintain in the |
city Of New Orleans proper freight and passen-
yer depots, and to connect them by tracks and
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1t such point or points as may be deemed most |
for the public interest, and to use in
,uch ferries steamboats, and other vessels, and |
or the purposes Of such depots, tracks ana fer
les, 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, warehouses,
7ards, steamboats,, harbors, depots, stations, and
,ther works and appurtenances connected with
md incidental to said railway and it's connec-
ions, and to run and manage the same as the
Directors of the said Company may deem to be
most expedient and to the welfare Of said corpo.
alton.
Fourth-To take, transport, carry and convey
,ersons and property upon its said railway and
is boats, by power of steam or any other power.
nd to receive for safekeeping and to store mer
handise and property in its yards or warehouses,
nd to receive for such transportation, safekeep.
ng or storage such tolls and charges as NAV
rom time to time be established or authorized to
70 established by Directors Of said railroad COM
any.
To make advances Of money OF credits upon
1erchsndise or property, for changes made by
ther transportation lines to be transported upon
IS railways, steamboats, or vessels, or to be