The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-03
CHARTER.

q
not to impair its usefulness to the public unnet
essarily; or if temporarily impaired in and durin
II the construction OF the said railroads, the sal
2 company shall restore the same to it's forme
9 state, or to such state that its usefulness an
CONVENIENCE to the public shall not be unneces
J. sariy impaired or injured, and the said compan
!, shall not be required to construct draw In an
/ bridge over and across any stream or bayou
j. except streams nayigable by enrolled and Ii
censed vessels, and when required by law.
: Seventh-To obtain, by grant or otherwise
, from any parish, city or village within this State
2 any rights, privileges or franchises that any o
, said parishes, cities or villages, may choose t.
: grant in reference to the construction, maiGte
nance, management and use of the railroads o
said company, depots, cars, locomotives ant
; its business, within the limits of such or any
said parishes, cities and Villages.
Eli hth-Io appropriate property according t.
, Ninth-To cross, intercept, joinan unite iii
railways, and prorate with any other railroad
heretofore or hereafter constructed in the State
OF Louisiana, or any other State, at any poin
upon its route and upon the ground Of suct
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 appurtenances thereof and maintain
and use the same as a 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 aud 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
its rporate bonds or promissory notes, bearing
inteTt st 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 corpo-
| rate franchises and any OF its real or personal
property, or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS.
SEC. l. The corporate powers of this Compa.
ny shall be vested in Board of Directors com.
posed of fifteen stockholders to be elected in
accordance with the bylaws of the COMPANY
and such officers and agents as may from time to
time be appointed by such board. No person
shall be director who is not the actual owner of
at least ten (10) 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
fill vacancies in their number caused by death,
resignation or otherwise. The directors shall
elect one OF their number as President of said
Company, another Vice Precedent, 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 same 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 it's officers and agents.
anu all other matters which shall in any way per-
tain to the concern of the Company.
Sec. 2. ALI election for directors shall be by
ballot, and every stakeholder shall be emit led
to one vote in person or by proxyfor each share
of stock held by him for ninety days prior to
such election.
SEC 8. Seven of the directors shall constitute
quorum for the transaction of business and
the number Of directors may be increa sed 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. Has
ARTICLE V.
STOCKHOLDERS MEETINGS. |
SEC. 1. Stockholders meetings may be CT lied |
at any time by the Board Of Directors, and on the
reqHisitfon Of the holders Of one-ffth of the |
capital stock issued it shall be their duty to call |
such meetings for the purpose Of amending this |
Charter and consideration of and action upon all |
other business Of the company, and all questions |
arising at such meetings shall be determined by |
a majority OF the stock there present and voting.
SEC. 2. The annual meeting of the stockholders |
for the election OF directors and transaction Of |
the regular business shall be held on the second |
Wednesday in January of each year.
ARTICLE vi.
LIQUIDATION.
This corporation may be dissolved at a general |
meeting convened for that purpose with the as
sent Of three-fourths of the stock Of the COM
pany and two thirds of the stock represented at |
such meeting, and in case OF such dissolution
The liquidation shall be conducted by three COM
missioners elected by ballot at such meetn g. At
the termination Of this Charter the liquidation
shall be conducted by q similar board of three
to be in the same way elected at
general meeting of stockholders convened for
,he purpose.
Thus done and passed, at my office, in the
presence of Andrew J. Armstrong and John w.
Hunter, lawful witnesses residing in this CITY
Who have hereunto signed their names as such,
ogether with the said appearers and me, said
notary, on the day, month and year herein first
written, after reading the whole.
Original Signedl q. W. r. BAYLEY, |,
J. A. GIRDNER, |!
GEO. JONAS, II
JULIUS WEI5, II
HU. KENNEDY,
DAVID WALLACE,
F.B. WHEELOCK, L
Z. L. RANLETT,
JOHN II. KENNARD,
CYRUS BUSsEY,
JOHN p4 ssE Z: q g.
W.B. SCHMIDT, /
SAM'L II. KENNEDY, O
A. J. ARMSTRONG.
l--s JOHN W. HUNTER, b
]. G. EUSTIS, Notary Public. c
1, the undersigned Deputy Recorder OF Mort
ages in and for the parish of Orleans, city of
ew Orleans. do hereby certify that the above h
nd foregoing act of incorporation of the s.New r
rleans Pacific Railway Company" was this day a
lly recorded in my Office, according to law, in d
BOX 118, foios 626, 627, 628, 500, $50, 631 and
q. a
New Orleans, June 90, 1875. Il
Original signed.) G. DARCANTFL, Al
Deputy Recorder.
certify the above and foregoing to be a true r.
ID correct copy of the original charter and GER &c
icate of recordation thereof, now extant in my D
trent register. a,
In faith, whereof, grant these presents under 81
y hand and the impress of my official seal, this
day of July, A. D. 1875. n,
J. G. EUSTIS, Notary Public.
i've I'm IS Carondelet street.
STATE OF LOUISIANA, I 81
IRISH OF ORLEANS, CRY OF New ORLEANS. r.
BE IT KNOWN, that, on this Eighteenth day tr
the month of June, in the year OF our Lord, | tn
e thousand eight hundred and seventy-five, or
d of the Independence of the United States of ex
nerica the ninety-ninth, on
Before me, JOHN G. EUSTIS, Notary Pub
, in and for this City and Parish of Orleans