The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-25

CHARTER.
STATE OF LOUISIANA,

PARISH OF ORLEANS Oiid " 1NA" O.-s.
BE IT KNOWN, That on this rs sw r n nun
Lord one thousand eight hundred and seventy
five, and Of the United States OF America the
n' BEFORE me. JOHN G. EUsTIs. . Notary Pub
Lie, in and for this city. and paIisn o. yraeaIss
State of Louisiana, duly commissioned ano quar-
fed, and in the presence OF the witnesses nere-
matter named and undersigned: NV
Personally came ana appeared, g; wnN n; PhY
LEY, e. B. WHEELOCK, HUGH hRN CvpI1s
BUSSEY, GEORGE JONAS, w: y. SUHMiDTs
JAMES A. GIRDNER, JULIUS WElS,. Z. L.
RANLETT and DAVID WALLACE, all resi-
dents of this city, who sevefdlly declared
rg ahs' an aSa prsieges Conferred by the sta
tntes of the State of Louisiana, relative
to the "Organization of Corporations, ID
thi State, they do, by these presents, forms
organize, constitute and found Corporatisom tpa
the objects and purposes az 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 and con-
stitute themselves, and all such otner persons as
msy hereafter become associated with tnems
whether by subscription, purchase, transfer,
succession or otherwise, into a*%body COR
porate." and Hereunder bind themselves, ana
all who may hereafter become associatea wlth
them. to be governed by the following st1Du.
lations obligations and regulations as articles OF
the charter OF said CorporanOn.
ARTICLE I.
NAME.
The name and title of said corporation shall De
the NEW ORLEANS PACIFIC RAlLWA1 COA1-
PANY. and by that name shall have succc sslon,
and have corporate existence Tor ana amI 1 .no
full term and period of twenty-five (25) years
from the date of the execution OF these presents,
unless sooner dissolved in the manner herelnaHer
provided for may sue and be sued, may hold
real and personal property, may make contracts,
soy,l Avr nrOnAYfV.
aud shall possess all the powers and privileges
which corporations are or may be by any general
law Of this State authorized to posse and saio
company may. exerciseits corporate powers within
any other State of the United States that shall
| ARTICLE H.
CAPITAL STOCK.
SEQ. 1. The capital stock.of this corpora ton is
hereby fixed at THREE MILLION DOLLARS
(s3. OO0, OO0), represented by THIRTY ThOU-
SAND SHARES OF ONE HUNDRED DOLlLAKS
(s100) EACH, with the right to increase sald
capital stock to TWELVE MILLION DOLLARS,
provided that said corporation shall be organized
upder 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, 9. B. WHEELOCK,
President; HUGH KENNEDY, Vice President;
s. H. KENNEDY, Treasurer. When one hun
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 thiD charter; to enable them to DO
due and. payable as herein provided for when
this amount has been subscribed.
SEC g. The time and manner OF payment Tor
stock shall be such as may be Determined by the
Board Of Directors, provided, however. tnat nc
per cent? on each share at any time, and thirty
days must elapse before another ca4 can be
made.
sponsibe 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 informalites in the srganiza-
ton have the effect of annuing this Charter, or
Of exposing stakeholder 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-Presideue.
SEC. s. The stock books shall b 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 it's stock books, and no stock
certificate shall be issued except fOr 1uu pal0
stock. ;,
subscriber to pay the instaments on his stock as
required, the Board Of Directors shall have the,
option, after thir days. written notice to the
delinquent of forfeiting his stock or the amounts
previously paid thereon and no stakeholder
shall have the right to vote while in default. !.
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 eubject to repeal, change or modifca.
ton by the holders Of 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
railroad with one OF more tracks and suitable
turnouts, of such guage and construction and
upon such a course or route as may be deemed
by q majority of the Directors of said company
most expedient, beginning at q point on the Mis-
sissippi River at New Orleans, or between New
Orleans and the parish OF Ibervile, on the right
na hs On om Esa osa1s
Bay, via Vermillionville, in the parish Of Lafay
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 Dallas, in the State Of Texas in
such direction and route routes 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 ae
majority of the Directors Of said company may
from time to time deem proper and expcdient
and for the interest of said company to own and
to use and lease and they shall not be restricted
in the exercise Of this privilege to the State Of
Louisiana, but may connect tbeir main line with
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 right to establish and maintain in the
city Of New Orleans proper freight and passen-
ger depots, and to connect them by tracks and
ferries with the left bank of the Mississippi River
at such point or points as may be deemed most
convenient for the public interest, and to use in
| such ferries steamboats, and other vessels, and
for tie purposes Of such depots, tracks ana fer
ries, may acquire property by appropriation.
Third To construct, establish, or purchase in
tins State, and thereafter, to own, lease main
tain and use suitable wharves, piers, warehouses.
yards, steamboats,, harbors, depots, stations, an0
other works and appurtenances connected Wild
and incidental to said railway and it's connec-
lions, and to run and manage the same az the