The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-19
CHARTER.

| eAO Souctl uCtlOu VI 5dlO IdlIOdos, tuO c"Ao
company shall restore the same to its former
state, or to such a state that its usefulness and
| convenience to the public shall not be unneces-
sarliy impaired or injured, and the said company
shall not be required to construct draw in any
| bridge over and across any stream or bayou,
| except streams navigable by enrolled and Ii
censed vessels, and when required by law.
| SeVenth-Io obtain. by grant or otherwise,
from any parish city or village within this State,
any rights, privileges or franchises that any of
said parishes, cities or villages, may choose to
grant in reference to the construction, mainte-
nance management and use o the railroads of
said company, lis depots, cars locomotives and
its business, within the limits of such OF any of
said parishes cities and villages.
Eiehth-To appropriate property according to
existing laws.
Ninth-To cross, intercept, join and unite its
railways, and prorate with any other railroad
heretofore or hereafter constructed IN the State
Of Louisiana, or any other State, at any point
upon its route and upon the ground of such
other railroad, with the necessary turn-outs,
sidings, switches and other conveyances, in
furtherance OF the objects of its connections.
Tenth-To purchase or lease from any railroad
company or corporation, at any authorized sale,
any railroad. and the charter, franchises, prop
erty and appurtenanoes thereof, and maintain
and use the same as part OF the property OF
this company.
Eleventh-To borrow money or to purchase or
lease property on its own credit, for the purpose
OF constructing and maintaining said railroads or
establishing continuous and connecting lines as
hereinbefore provided; and as evidence of the in
debtedness OF said company for such loans, or
the purchase or lease of such property to issue
It's corporate bonds or promlssOry notes, bea ing
interest at such rate per annum as the directory
may elect, and made payable in gold or the law
full money of the United States at such times and
places as may be deemed most to the advantage
Of the corporations, and for securing the pay
ment of said bonds or notes, to mortgage and
pledge its railroads, its capital stock, its corpor
ate franchises and any of its real or personal
property, or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS.
SEC. 1. The corporate powers of this Compa
ny shall be vested IN a Board of Directors COM
posed of fifteen stockholders to be elected in
accordance with the bylaws of the Company
time be appointed by such board. No person
shall be director who is not the actual owner of
at least ten l0) shares of the capital stock of
said Company. Directors shall be elected an
nually, and continue in office until others are
elected to fill their place. and shall have power to
I'LL vacancies in their number caused by death,
or otherwise. The dir ectors shall
elect one OF their number President of said
Company, another Vice President, and another
Treasurer, and shall have power to make and
prescribe such bylaws and rules and regulations,
and from time to time alter, amend ana revoke
the as they shall fit touching the govern
ment Of said Company, the transfer of its stock. |
the election of its officers, the management and
disposition of its business, property and effects,
the powers and conduct of its officers and agents
anJ all other matters which shall in any way per-
tain to the concern of the Company.
SEC. q ALI election for directors shall be by |
ballot, and every stakeholder shall be entitled |
% one vote in person or by proxy for each share
If stock held by him for ninety days prior to |
such election.
SEC. 3. Seven of the directors shall constitute |
quorum for the transaction of business, and |
he number of directors may be increased or
diminished by majority vote Of stockholders in |
interest at any regular meeting, provided the num-
Der shall not be less than seven nor more than
fifteen.
ARTICLE Y.
STOCKHOLDERS MEETINGS.
Sec. l. Stockholders meetings may be called
t any time by the Board Of Directors, and on the
equistion of the holders Of one-ffth of the
apital stock issued it shall be their duty to call
UGH meetings for the purpose Of amending this
>harter and consideration of and action upon all
ther business of the company, and all questions
rising at such meetings shall be determined by
majority of the stock there present and voting.
SEC. 2. The annual meeting of the stockholders
he regular business shall be held on the second
Wednesday in January OF each year.
ARTICLE VI.
LIQUIDATION.
This corporation may be dissolved ct general
leeting convened for that purpose with the as
emit of three-fourths of the stock of the COM
any and two thirds of the stock represented at
UGH meeting, and in case OF such dissolution
ne liquidation shall be conducted by three COM
llssioners elected by ballot at such meet ng. At
ne termination of this Charter, the liquidation
nall be conducted by similar board of three
to be in the same way elected at
general meeting of stockholders convened for
ne purpose.
THUS done and passed, at my Office. in the
unter, lawful witnesses residing in this city,
no have hereunto signed their names as such,
'gether with the said appearers and me, said [
otary, on the day, month and year herein first ,
ritten, after reading the whole.
Original Signedl G. W. r. BAYLEY,
J. A. GIRDNER, q
GEO. JONAS, |,
JULIUS WEIS,
HUI. KENNEDY,
DAVID WALLACE, 9
f. B. WHEELOCK, q
E. L. RANLETT, d.:
JOHN FL. KENNARD,
CYRUS BUssEY, I
JOHN pH III +; 4 Co.
W.B. SCHMIDT,
sAML e. KENNEDY,
A. J. ARMSTRONG, :
JOHN W. HUNTER, T
j. Il. EUSIlS, Notary PUBIC.
l, the undersigned Deputy Recorder OF Mort =
ges in and for the parish of Orleans, city Of
sw Orleans, do hereby certify that the above a
d foregoing act of incorporation of the "New =
leans Pacific Railway Company" was this day
y recorded in my Office, according to law, in a
ok 118, foios 626, 627, 620, 629, $50, 631 and b
2.
New Orleans, June 49, 1875.
Original signed.) c. DARCANTEL, p
Deputy Recorder.
certify the above and foregoi g to be true
d correct copy of the original charter and Ger
cate of recordation thereof, now extant in my
trent register.
In faith, whereof, 1 grant these presents under
hand and the impress of my official seal, this -.
day OF July, A. D. 1875. G.
J. G. EUSTIS, Notary Public g.
VI I'm IS Carondelet street n
Mrs. III. 4. Elliott,
ART15T- u