The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-02
r ,rw ORLEANS Bu1LEr1N TUESDAY, NOVEMBER 2, 1875:
CHARTER.

not to impair it's usefulness to the pupIlc 9nneo
essarily: or if temporarily impaired III anu uu
the construction Of the said rallroads VIZ saa
company shall restore the same 10 lis ~ LII
| state or to such state that its usefulness anu
conyiepence to the public shall not De uhneces-
ssrily impaired or injured, and the SAID company
| shajl not be required to construct a draw III any
bridge over and across any stream OF oayo ''
except streams nayigable by en en- hE Isw anu
censed vessels, and when required by law.
Seventh-To obtain. by grant or otnerWlse'
from, any parish city or village within TINS state
anv rights, privileges or franchises that any =.
said PARISHES cities or villages, may choose 70
Grant in reference to the construction, mail'e o.
S4snce management and use the railroads OF
said company, l. g depots, cars, locomotives ailu
its business. within the limits OF such or any OF
said parishes, cities and villages
Eiahth-To expropriate property according 10
Nint6-To cross, intercept, join and unite lts
RAILWAYS. and prorate with any other ralroau
heretofore or hereafter constructed IN the otate
of Louisiana, or any other State, at any pom.
other railroad with the necessary turn-ous :,
! sidinps switches and other conveyances, IL
furtherance OF the objects of its connections.
Tenth-To purchase or lease from any rallroau
company or corporation at any au.alasu nron
erty and appurtenances thereof, and malntan Z
and use the same as q part OF the properly Oh
| this company. ~
l EleyeDIh-IO DOrrOW 1uOuoy VI W PuieAiAsN =
lease property on its own credit, for the purpose
of constructing and maintaining said railroads or
| establishing continuous and connecting Ines as
hereinbefore provided; and as evidence OF tue IL
debtedness OF said company for sucn loans, VI
the purchase or lease of such properly, 10 ISSUE
| it's corporate bonds or promissory notes, pea I'M
interest at such rate per annum as the directory
NAV elect, and made payable IN gold or tue INV
ful money of the United States at such times ana
nlaces as NAV be deemed most to the advantage
| Ia
ment of said bonds or notes, to mortgage ana
pledge its railroads, it's 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 Oompa-
nv shall be vested III 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 Tune 70
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
uuallv, and continue i'll Office until others are
elected to fill their place, and shall have power 10
fill vacancies in their number caused by dea1n;
resignation or otherwise. The directors shall
elect one of their number as President OF SAID
Company, another Vice President, and another
Treasurer, and shall have power to make and
prescribe such bylaws and rules and regulatlons
and from time to time alter, amend ana revoke
the same as they shall see mt touching tne govern
} ment of said Company, the transfer OF its stock
} the election of it's officers, the management ano
disposition of it's business, property and effects,
the powers and conduct Of its officers and agents
ana all other matters which shall IN any way per
tain to the concern of the Company.
SEC. 2. All election for directors shall pc by
ballot and every stakeholder shall be entlle
to Dne vote in person or by proxy for each share
} of stock held by him for ninety days prior te
} such election. m
SEC. 3. Seven of the directors shall constitute
a quorum for the transaction OF business, anC
, the number of directors may be increased OF
diminished by majority vote Of stockholders II
interestat any regular meeting, PROVIDED the mum
Der shall not be less than seven nor more thar
fifteen.
STOCKHOLDERS MEETINGS.
/ Sec. 1. Stockholders meetings may be cslled
at anv time by the Board Of Directors and on the
requisition of the holders OF one-tifth OF thu
capital stock issued it shall be their duty to cal
such meetings for the purpose OF amending this
Charter and consideration of and action upon al
other business Of the company, and all questions
< arising at such meetings shall be determined b..
a majority of the stock there present and voting
= SEC. 2. The annual meeting OF the stockholder
for the election of directors and transaction
the regular business shal be held on the secont
Wednesday in January OF each year.
ARTICLE VI.
e LIQUIDATION.
. This corporation may be dissolved at genera
8 meeting convened for that purpose with the as
I sent of three-fourths of the stock of the com
= pany and two thirds of the stock represented a
i such meeting, and in case of such dissolution
Z the liquidation shall be conducted by three com
Q missioners elected by ballot at such meeting. A
the termination of this Charter, the liquidation
: shall be conducted by similar board of tire
II commissioners, to be in the same way elected a
- str,a 1DlI1 ,,aI g.
the purpose.
Thus done and passed, at my Office, in tn
: presence of Andrew ]. Armstrong and John W
Hunter, lawful witnesses residing in this city
who have hereunto signed their names such
. together with the said appearers and me, sal
4 notary on the day, month and year herein frs
4 written, after reading the whole
v Original signedl G. W. R. BAYLEY,
!. ia. GIRDNER,
: GEO. JONAS,
! JULIUS WEIS,
o HUI. KENNEDY,
DAVID WALLACE,
: +. B. WHEELOCK,
E. l.. RANLETT,
/ JOHN H. ,KENNARD,
q CYRUS BtSsEY,
e JOHN PHELPS iRE 2; q ''''
v w. B. SCHMIDT,
\ SAM'L H. KENNEDY,
4 A. J. ARMSTRONG;,
JOHN W. HUNTER,
= J. G. EUSTIS. Notary Public.
8 l, the undersigned Deputy Recorder of Mort
' cages in and for the parish of Orleans, city
( New Orleans, do hereby certify that the abov
i and FOREGOING act of incorporation Of the 'Ne'
d Orleans Pacific Railway Company" was this da
# duly recorded in my Office according to law, i
d book 11S. foios 626 627, 628 629, $50, 6S1 an
i 632.
e New Orleans, June 20, 1875
L Original signed.) @. DARCANTEL
e Deputy Recorder.
l. certify the above and foregoiog to be tru
d and correct copy Of the original charter and Gel
r tifcate of recordation thereof, now extant in N
4 current register.
a In faith, whereof, I grant these presents unde
my hand and the impress of my official seal, thi
: Sd day Of July, A. D. 1875.
J. G. EUSTIS, Notary Public.
a jy6 I'm 81 Carondeet street.
! Mrs. III. L. Elliott.