Louisiana capitolian., 1881-09-24
CHARTER
or THE
lil-LOlisiala Railroad CllD'I.

eors iOrm ourselves Into and copstitWte Co
pCratlon sr s for tho following purposes and wit
inc following powers. to-wit:
Section lst. The name. etyle and titla NJ mi
Corporation shall be- the mid. Lonisisna " Rs; s,i
road ComDany, under which title it can IA, n,
and be sued; buy, sell, lease, snb lease. an
loid real and personal estate Including raj
way ana other properties, under the Law =
I LOUISIANA, and shall have and eniov such otha
lsnts, ana follow such other pursuits as are st,
Ioitn In the following section. The do,nicila =
.ms sS Iompany Is nxed In thecitv Of Baton Rouge
me president OF the Board Of Directors. or Scf.
ing PresidentthereO is designated az The ofS
cet on whom citation may be .erved In an,
piegai proceedings against the Comnanv
oectlon "a. The object of this C0mDanv is Il
ouiid, own and maintain line OF railway from
point to be selected on the East bank of IN,
SABINE river. within two hundred miles Of th,
Gun OF Mexico, through or near the town 81
Opeiousas, to Baton Rouge, to point to ba ae
lected on the West bank on the Pearl Piver
south OF the Mississippi boundary line. and "a
connect with, either as owners, lessees, or upoI
Hahy other business basis, any line of raiiwavs
mat may be built outside the1imits Of the STAT,
So. Louisiana, west of the Sabine and east of the
lear River. TO also build, buy, lease or 9th.
erwase OBTAIN branches to any point within tht
r. ~ nnes OF the State OF Louisiana and buy OF
2'ease any complete or incomplete line Of rail.
1road that may subserye the purpose. and ;nco,.
2pOratB tho same in the main line Of the Con-,
2pany. - '"' ooui1
Section 3D.. The Capital Stock ofthis Gamma
nv shall consist of five million dollars. divided
,n.o n1ty thousand shares of one hundred dol
3 lats each within one week aft r the expiration|
IN the egaid lays incidental to same and pub
ication OF this Charter, subscription books mn .
|ne opened at Baton Rouge under direction ct1
.nfee commissioners. TO be appointed IS here.
8nafter directed, and said Commissioners shal
Hre4ulre at the time Of subscription. that eachI
subscriber pay the sum of one Der cent nnonI
tne amount subscribed by him, the balance to|
8oe paia upon calls made at intervals. not less
aInah ninety days apart. At the close of thre.
&days II at least one hundred Thousand doiIars
shall have been subscribed, the sa;d comna;s
sioners shall order an election to take place IN
she nlth day thereafter mot counting dies non /
ior seven Directors, who shall after their organ
lzatlon, deal directly with said subscribers 4,
3ene settlement OF their subscriptions. iss,linu
SScatt ny regular resolution. No stockholdar sbai
. 20 responsible for any debt or liability Of the
Aoompany to more than the extent of his sub
Sscfiption, this extent being limited by this nrn.
aylsO that in response to any call for bsiarcss
que, a subscriber may tender full relipauish
ment OF amount already paid by him. and snr.
Brehder an claims for Stock or he NAV tenda,
4sucn additional sum as the Board OF Director.
Imay agree to accept and to issue fully paid nn
4certlncafes OF Stock for amount of original M,
|cemtase on amount paid in response to any prior
caaS, an aaled to amount in addition rendered
ma accepted by the Board Of Directors Tn.
b9ard OF Directors upon receipt Of tender O,
Irehnquishment from any subscriber in respops,
|t0 Call. shall release said subscriber from ali
responsibility and at their option forfeit and
erase SAID subscription, or SELL after ten ,la,s
|notlce. said Stock at auction for what II iii
||or1ng entering the purchaser name in lien q,
|Ine Original subscriber, and issuing to said par
|cnaser certificates for full amount Of o,i1ipo
subscription, said purchaser to have and To i !,
said stock IN Its entirety without further pao.
|ment In case OF erasure and forfeiture. ~
>tocK SO declared erased and forfeited will h,
merged into the account of unsubsoribed nm,
unissued Stock. 1t is understood that STOCK
whetner PAID for In part or in full shall be Iiab).
20 tnis company f-r its pro rata of taxes maid
~ tne Gompany, and thai If after ten days no
,ice SAD per centage is not paid said Stock ma,
oe soid at auction without appraisement, tn SAT
lriy, IN part or whole. the pro rata due upon If
ne commissioners appointed TO open the snh
scrlption books. and supervise the first election
0 Oi directors, are w. u. Randolph NJ Wax and
ueorge Henaersen, or in drfanlt of any one o,
more NOT serving any subscriber or subscribeYs
70 ths Charter may fill the place or places mad,
Section 4th The number of Diractors oe .,;.
COMPANY shall be seven, ali of whom shall h. n
stockholders in the Company At their f;rs,V
meeting one OF their number sh be eIac,a, f.
PRESIDENT. who. with the Board will serve ur,t;i
.ne first Monday OF May, lssy. or mill tLa;,
successors ;, shall be elected. And annual.
hereafter after this days advertisement ~
1'eoi'r ':i snah Do held on the first Monday i'm
pm; ipr seven directors Any vacancy in th.
The Board of Directors, shall eject ali 9th ot.;
\ srs OF tne Company and fix their salaries, and
na,' ma 20 the general management and cnntro,
II the affairs OF the Company.
nco'ioh ON. Ihls Company shall exist nine
pine years, unless sooner placed in lionida
ation by its Stockholders who, is erder =.
race "a the Company i'll liquidation, shall NEE Il
- .set sairty Gays notice elect three Stockhold q
rs commissioners of Liquidation provided h
he vote OF twothirds of the Stock shall be cas-,
iavor OF iiquidati ~ and for the Commission Il b
rs, who shall have full power to Ieoallv an,
aultably liqridate the affairs Of the ComDany \,
ne aHairs OF the Company shall be liouidate, a
the same manner at the expiration of tn,
haIter provided in the case, no call is REQ uire
~ tne three commissioners may be elected h,
nalority OF the Stock voted upon the firs
ninth year from the date Of the record Of this
harter wv" " WIS
oection 9TH. The Board of Directors shal,
luse DOCKS OF subscription to be opened at One. u
Ilsas and other places on or near the line ,ro 81
'sed. at dates to be fixed by tho Board snh =
rlptions to the Capital Stock. donations rs
nd ana grants OF rights of way, and subscrin OF
1ns u the mortgage loan may be rrceiye5 4,
g commissioners appointed on these occs sions or
the Board Of directors. OCCASIONAL m
section Itn. The Board Of Directors are vested II u
th power to issue bonds to the extent of t,ran ~
Thousand dollars per mile at an annual intar u
not exceeding eight per cent, and fo mort so
&c the Company's railroads aud other assets di
real estate, to secure the same. pr
section 9Th. The Company can ,eceiva sinh or
rlptlons to Stock donations OF land bords pr
'hts OF way and privileges from any CITY. town
parish III this State. '' WV
9ecuon 9Th. This Charter may be amended q,
aitional sections added in the following mon
7: ANY amendment shall be first adontell nv l
Board OF Directors, after two weeks prejim; N
~ netice. 1t shall then, after two wcats f. nmh
ation, oe adopted BY the Stockholders by be'
, e OF tWothirds OF the Stock in its favor. HPr
,one and subscribed at Baton Rouge, Louisia- ev'
this, tenth day Of September, Anno Dom;ni on,
:, thousand ,na eight hundred and eighty.one. of
AM an Sk,OLFIELD, N. GRANARY. to:
tSlgnedl DC. NONTAN. Ser
T.J. BIRD. apI
:, ANDREW s. HEBRON. me
CHARLES WIECK. tia
J. W. BATES. q
LEON JASTREMSKL thi
ATE OF LOUISIANA,
City Of Baton Rouge. -
il 1T KNOWN TNot On a. Tn