The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-25
CHARTER.


not to impair its usefulness to the public unnec-
essarly; or if temporarily impaired IN ana curing
the construction of the said railroads, the SAID
company shall restore the same to It's FORMER
state, or to such state that its usefulness ana
CONVENIENCE to the public shall not be unneces-
sarily 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-To obtain, by grant or o ctr rsa
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, malnte-
nance management and use 1.-THE railroads OF
said company, is depots, cars, locomotives ano
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
upon its route and upon the ground OF such
other railroad, with the necessary turn-outs,
sidipgs, switches and other conveyances, IN
furtherance Of the objects of it's 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 part OF the properly VI
this company.
Eieventh-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
lte corporate bonds or promlssory notes, pea ing
interest at such rate per annum as the directory
may elect, and made payable III gold or tue law
- @1,oT Cd Toto of
places as 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
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 (1O) shares of the capital stock OF
said Company. Directors shall be elected an
nualy, 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,
and from time to time alter, amend ana revoke |
the same they shall see fit touching the govern
ment of said Company the transfer Of it's 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,
and all other matters which shall in any way per-
tam to the concern of the Company.
Sec. 2. All election for directors shall be by |
ballot and every stakeholder shall be entitled |
to one vote in person or by proxy for each share
Of stock held by him for ninety days prior to |
such election.
SEC. 3. Seven of the directors shall constitute |
a quorum for the transaction of business, and |
the number of directors may be increased or |
diminished by ma jority vote of stockholders in
interest at any regular meeting, provided the num-
Der shall not be less than seven nor more than
fifteen.
STOCKHOLDERS MEETINGS.
SEQ. 1. Stockholders meetings may be called
at any time by the Board of Directors, and on the
requsitlon of the holders Of one-tifth 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 |
arising at such meetings shall be determined by
majority of the stock there present and voting.
SEC. 2. The annual meeting of the stockholders
or the election of directors and transaction of
Jh6 regular business snail De lelQ on the second
Wednesday in January OF each year.
ARTICLE VI.
LIQUIDATION.
This corporation may be dissolved at general |
meeting convened for that purpose with the as
sent of three-fOurths OF the stock of the COM
oany and two thirds of the stock represented at
such meeting, and in OF such dissolution
,he liquidation shall be conducted by three COM
nissioners elected by ballot at such meeting. At
;he termination Of this Charter, the liquidation
shall be conducted by 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 nay 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,
together with the said appearers and me, said |
notary, on the day, month and year herein first
written, after reading the whole.
Original Slgned) G. w. X. BAYLEY,
]. A. GIRDNER,
GEO. JONAS,
JULIUS WEI1
HU. KENNEDY,
DAVID WALLACE,
F.. B. WHEELOCK,
Ell. RANLETT,
JOHN H. KENNARD,
CYRUS BUSoEY.
JOHN PHELPS 4ET T: y Co.,
w. B. SCHMIDT,
SAM'L H. KENNEDY,
A. J. ARMSTRONG,
JOHN W. HUNTER,
J. G. EUSTIS. Notary Public.
l, the undersigned Deputy Recorder Of Mort
,ages in and for the parish of Orleans, city Of
Jew Orleans, do hereby certify that the above
nd foregoing act of incorporation of the New
orleans Pacific Railway Company" was this day
July recorded in my office, according to law, in
'ook 11S, folios GIG, 627, 628, 629, $50, 631 and
49,
New Orleans, June 20, 1875.
Original signed.) G. DARCANTEL,
Deputy Recorder.
I certify the above and foregoi g to be true
nd correct copy of the original charter and GER
ifcate of recordation thereof, now extant in my
urrent register.
In faith, whereof, grant these presents under
ny hand and the impress of my official seal, this
d day of July, A. d. 1873.
J. G. EUSTIS, Notary Public.
i've IS Carondelet street.
Mrs. III. I. Elliott,