New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-09-21


fuaARTER - THE INV 0RIlkAND,
DALLAS isD aRaAr WESTERN iAiLsoxDi s
'l' '-'a-.i' e '-c COMPANY - q s1T's-h 70
D." @'-" STATE OF LOUISIANA ''@
PARISH OF ORLEAEs-CrTY OF NEW ORLEANS.
Be it known, that On this third day Of ssptem:
oegi IN the year one thousand eight hundred d,
oot.s9 S 1ssofe me- sonn ssnderpase
State aforesaid duly commissioned and qualified,
and IN the pressnee Of the witnesses hereinsfter
pssssa Charles T. Howard S' %sS s' a lar x
william h Roberta: Samuel I; James, Harne. R
and tSssd.s 4. q TIL: city
ofthe rights and privileges Conferred by he laws q
this State relative to the organsation oi corpora.
these presents i.Sm and Organize into and eos.
int corporation for the objects and purposes,
under the stipulations regulations and Obligations
The corporate name and title Of this corporation
shall he THE NEW ORLEANS DALLAS AND GREAT
WsSTkRN RAIL. DAD COMPANY. Its domiciie is
hereby declared to bs in the city of New Orlssns,
State OF Louisiana.
ARTICLE II. '-g--.-i 81
SECTION ]. The object and purpose Of the COM
pany to locate, construct, maintain and operate
. railroad, beginning at point on the Mississippi
river ct or near the town OF Donaldsonvills in this
State. thence running IN westerly direction to some
Of Lafayette st. Landry and Calcasieu, to point
on the sabine river Opposite. or near the town Of
salem iH the county q aswton, n the State Of
Jasper, Tyler, Angelica. Cherokee, Anderson Hen.
oerson, Kaufman and Dallas, to some point at or
SEC. .. And for said purpose IL shall have power
and authority to have and enjoy succession by its
fs Sase 1 the to
sued in its corporate name; to make and use cor.
porats SEAL to hold, receive, purchase, lease and
real and personal to name and sppolnt such man
ayers and directors and ofceD as it, interesr and
c COM may require; to make and establish t
lation Of its affairs a. may be necessary and proper
and to have and enjoy and possess such other Incl
hereafter, be conferred upon it as corporation By
the general or BY tie special lava Of ths State Of
States Of America or by ordinances Of any Of the
towns cities or parishes of the States of Louisiana
ARTICLE III.
The president Of the company, or in his absence
the vice president, or in the absence Of both the
secretary, snau be the proper officer upon whom
citations and all other legal process or notice |
The capital stock Of this company shall be i've
mi dollars 5eprsss,Ited By fifty thousand
joTity Of the stocfholdsrs at any time 50 elect.
a. one hundred thousand dollars shall have been
subscribed, and seven days after such subscrip- |
tionfive per centum thereof shall be paid in. !
ARTICLE
SKcrIoN 1. The corporate powers Of this company |
shall be vested In Board Of Directors. composed Of
seven stockholders, to be increased to nine if |
ssc. 2 No person shall be eligible to or hold the
Office Of director unless he shall own at the time Of
his election and during his term of office at least
five shares of the capital stock Of the company.
SEC. J. No two members of the same firm shall |
owning By any firm Of the requisite number Of |
at least five shares shall render any one member |
thereof eligible to seat in the board D 49, !
ARTICLR vi. tcG
SEcrIoN l. On the first Monday Of Novem bef 1879,
and thereafter on the third Monday In November |
in each year. there shau b. an election for seven
directors by the stockholders, nine if the mum.
Der shall have been increased as provided for in
section one Ct ARTICLE rye Of this charter such
SEC. .. At all elections general meetings Of the
each stockholder shall be entitled to
and to cast said vote in person or by proxy; and
except when otherwise required by law, a ajority
Of the votes cast shall decide all elections ques
tons.
SIC. 3. In elections the vote shall be by ballot.
and under the superintendence of two stockholders
pointed or either Of them should refuse OF fail to
attend the president shall appoint others in their
stead; or il the president is absent omits to
a
majority of such OF the stockholders who may be |
present at the hour and place appointed for the
ulectiOn. -r. .-.+Hf
SEC. 4. IF from any cause an election should fail I
on the day appointed the president, or in his alb
sence the vice president, shall forthwith call an
other meeting for the seventh day following for
the purpose OF etfecting said election, and con-
tinue to do 60 until valid election of a majority
of the number Of directors shall be had. The
provided fog in case of vacancy. .-'- =
ARTICLE VII.
SECTION I. The Board of Directors shall, meet on
the next Monday following their election, and
shall proceed to fill up their number bv election
should the full number not have been elected by
SEC. 2. At the first meeting of the board they
shall elect one Of their NUMB as president and
another as vice president, ho shall be president
and vice president Of the company.
SEC; 8. majority Of the board. counting the
president as one, shall constitute a quoIuul, and
the vote OF the majority of such quorum Aall con-
stitute a valid corporate act. s- -.,
SEC. A. The board shall supply by election any
vacancy, permanent OF temporary, in the office OF
the president or vice president.
ARTICLE VIII ID
SECTION I. The Board of Directors shall have
power to fill by election any vacancy that may
occur in their own number between the annual |
elections; they shall elect all ocers define their
salaries and the amount Of their bonds enact such
by laws, rules and regulations, and ordinances as |
ment, welfare and support Of the company. and
may delegate to the president or to the committees
Of their own body. or to officers agents or attOr-
neys in or out of the State, such powers they |
may deem expedient, and not inconsistent with |
the corporate powers OF the company,
sEc: 2. All Ghlcers, employees or servants OF the
president and vice president
SEC. 3. In case of failure on the part of any sub
scriber to pay the nstallments on his stock re- |
uured the Board of Directors shah have the op
ton, after thirty days written notice to the den
quent OF FORGETTING the stock and selling It for the
benefit OF the company. or of compelling by suit
the payment Of such installments, and no stock |
holder shall be permitted to vote while in default.
SEC. 4 All rules relative to the declaring of divi-
dents Or divisions Of profits, as well as all other
BY laws as aforesaid shall be made by the Board Of
Directors, but they shall be subject to repeal,
change, amendment or modification by the stock
holders at their meetings r. '-'-.' |
SIC. s. The Board OF Directors shall further have
First-To issue bonds for such an amount of such
denomination they may by resolution deter |
mine, and secure the payment thereof by mortgage
Second-ro contract for the construction OF the
road with any other railroad company that is now,
may hereafter be chartered by authority Of this
state, any other state the Union or to con-
meet or co.. solidate with such other company.
Third-To accept in behalf of the company any
exten sion of charter. which may be hereafter con-
TERED upon the corporation by general or special
avs. q % or
Fourth-To acquire by purchase. lease, o, in any
'ther manner they may think proper. any other
road or franchise which may have been, or may
hereafter be constructed or acquired by any other
company i'll the vicinity or on the line of or d.
Verging from the line of the road which this
,aAy herein contem plates constructing
...L ARTICLE TX
SECTION 1. A stated annual meeting of the stock
holders shah be held at the office of the company
IN the tenth day preceding the annual election of
directors to receive the report OF the last years
operations and business, and for examination into
he condition of the company, at which meeting a
u statement OF the financial and other affairs OF
he company shall be laid before the stockholders
BY the president and directors then in office.
SBC. y, The Board OF DreCtDIa other |