The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-11
ORLEANS BULLETIN, THURSDAY, NOVEMBER
CHARTER.

the construction of the said railroads, the said
company shall restore the same to its former
. state, or to such state that its usefulness and
CONVENIENCE to the public shall not be unneces.
sariy 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
cersed vessels and when required by law.
Seventh-To 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 nee o 1.-THE railroads of
said company, depots, eArs, locomotives and
its business; within the limits of such or 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
| other railroad, with the necessary turn-outs,
| -idings, 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 author lied sale,
any railroad, and the charter, franchises, prop
erty and appurtenances 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, fer the purpose
Of constructing and maintaining said railroads or
establishing continuous and connecting lines as
herenbefore 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 corporate bonds or promissory 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 may be deemed most to the advantage
OF the corpora ions, 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. 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 Comp&uy. 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 President, and another
Treasurer, and shall have power to make and
prescribe such bylaws and rules and regulations
md from time to time alter, amend ana revoke ,
he same as they shall fit touching the govern
he election OF its officers, the management and
disposition OF its business property and effects
he powers and conduct ofits officers and agents, :
ma all other matters which shall in any way per-
ain to the concern of the Company c
SEC 2. All election for directors shall be bv d
'auot, and every stakeholder shall be entitled ,
Q one vote in person or by proxy for each shsre =
# stock held by him for ninety days prior to Il
UGH election. v
SEC. g. Seven Of the directors shall constitute
quorum for the transaction of business, and
he number Of directors may be increased or y
Unfinished by majority vote Of stockholders in p
interest at any regular meeting, provided the num-
or shall not be less than seven nor more than ~
fteen. Y
ARTICLE V. tt
STOCKHOLDERS MEETINGS.
Sec 1. Stockholders meetings NAV be ca He'd
any time by the Board of Directors, and on the fr
'qulsltiOn of the holders of one-fifth of the 10
spital stock issued it shall be their duty to call y,
lch meetings for the purpose of amending this
harter and consideration OF and action upon all
ner business OF the company, and all questions fr
Using at such meetings shall be determined bv ce
majority OF the stock there present and voting ! -
SEC. 2. The annual meeting of the stockholders VI
r the election OF directors and transaction of
% regular business shall be held on the second
ednesday in January of each year.
ARTICLE vi. all
LIQUIDATION. eli
This corporation may be dissolved at general pc
Getting convened for that purpose with The as nd
Mt OF three-fourths of the stock of the com
ny and two thirds of the stock represented at
ch meeting, and in case of such dissolution
liquidation shall be conducted by three COM
ssloners elected by ballot such meet ng. at ar!
-, Ie IN o1 TINS Charer, the liquidation lic
all be conducted by similar board of three ~
to be in the same way elected at VIZ
general meeting Of stockholders convened for sui
purpose. oh,
Thus 6Ono and noeeoI a. ,,o,- oa...
esence OF Andrew j. Armstrong and John w.
inter, lawful witnesses residing in this city OH
o have hereunto signed their names as such. les
ether with the said appearers and me, said the
5ary on the day, month and year herein first -
ten. litter reading the whole. oe
Original Slgnedl G. W. r. BAYLEY, ent
]. A. GIRDNER, am
GEO. JONAS, n,
JULIUS WEIS wi
HU. KENNEDY, 8
DAVID WALLACE. airy
j. B. WHEELOCK, and
E. L. RANLETT,
JOHN Fl. KENNARD, lug
CYRUS BUSsEY, pail
by L. & Co. dev
JOHN PHELPS, .ro,
W. B. SCHMIDT, oral
SAM'L Il. KENNEDY, the
A. J. ARMSTRONG, ram
JOHN W. HUNTER, Dos
G. EUsTIs, Notary Public. fos
the undersigned Deputy Recorder of Mort pro-
es IN and for the parish of Orleans, city of 81
Orleans, do hereby certify. that The above actu
foregoing act Of incorporation of the "New ~, o
ans Pacific Railway Company" was this dav "ne
recorded in my office, according to law, in and
1lS, folios 626, 627, 62s, 629, G3O, 631 and but
Nv Orleans, June 20, 1875. carr
rlglnal slgned.) c. DARCANTEL, post
Deputy Recorder.
certify the above and foregoing to be true
correct copy OF the original charter and GER Ar
tie OF recordation thereof, now extant in nv a. a.
ent register. paid
faith, whereof, grant these presents under NJ
ana apd the impress OF my official seal, this 49,.
" Of July, A. d. 1875. class
j. G. EUSTIS, Notary Public exec
I'M 35 Carondelet street. tour
sc-;h
AIRS. III. L. Elliott, On
sient
hand
ARTIST lars,
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