The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-28
CHARTER.

essarlv. or IL temporarily impaired IN anc ourlnS
tba construction of the said railroads, the salo
company shall restore the same w lis w. ar,d
state or to such state that its usefulness anu
.convienence to the public shall not pc unneces-
sarily impaired or injured, and the said COMPANY
boi not he required to construct draw III any
bridoe over and across any stream or oayou'
except streams navigable by enfole4 ah" II
censed vessels, and when required py ia".
Seventh-To obtain. by grant or otnerwlse'
fron any parish, city or village within TINS state,
anv rights. privileges or franchises that any oi
said parishes, cities or villages, may cnoo?1 w
Grant in reference to the CONSTRUCTORS n'l-'o e
00aS1ca management and use the ra1lfoads VI
ga COMPANY us depots, cars, locomotives ana
its business, within the limits OF such oi Any "a
said parishes, cities and villages. H.. 20
Tishth-To appropriate property according u
existing laws. o,,5 ,,,,t4a ;4s
railways, and prorate with any o1hef [al Ltn
heYefofore or hereafter constructed IN the STATE
of Toris;ana. or any other State, at any point
nnon its route and upon the ground OF such
other railroad with the necessary 'ufn-ouVs,
.dings switches and other cOnVeyancts, Ia
fI1rtherance Of the objects of its connections,
Tenth-To purchase or lease from any ra!iroao
company or corporation, at any autho.lzeo SAT-
sny railroad, and the charter, franchises, prop
arfy aud appurtenances thereof, ana maintain
and use the same as d paw VI VIC ptoP0-'' -
this company. 80 -,
FIeventh-rTo borrow money or to purchase or
lease property on its own credit, for the purpose
Of constructing and maintaining SAID ralfcauS "
establishing continuous and connecting Ii;es a'
bereinhe fore provided; and evidence OF the HI
1ahtedness of said company for such loans, OF
the purchase or lease of such property, to Issue
its corporate bonds or promlssory notes, pea ing
interest at such rate per annum as the ulrect'Il
NAV elect, and made payable III gold or tne Ill"
frI money of the United States at such times and
nIaces as NAV be deemed most to the advantage
of the corporations, and tor securing the pay,
ment of said bonds or notes, 10 mortgage ana
nedge its railroads, its capital stock, It's 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 thls Compa'
nv shall be vested in a Board OF Directors com
posed of fifteen stockholders to be elected III
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 o.
said Company Directors shall be elected an
nualk. and continue in Office until others are
elected to ill their place. and shall have power tc
| fill vacancies in their number caused by death
RESIGNATION or otherwise. The directors sinai
| elect one of Their number as PRESIDENT OF sac
| Company, another Wee President, ana another
Treasurer and shall have power TO make anC
nrescribe such bylaws aud rules and regulator
| and from time to time alter, amend ana revoke
the same as they shall see tit touching the govern
| ment Of said Company, the transfer OF us STOCK
fine election of its officers, the management ant
disposition of its business, property and effects
| the powers and conduct Of its officers aud agents
| ana all other matters which shall IN any way per
| tam to the concern Of the Company.
| SEC 2. All election for directors shall De o.
ballot, and every stockholder shall De enti,lel
to one vote in person or by proxy for each share
of stock held by him for ninety days prior tt
| such election. m
SEC. 3. Seven Of the directors shall constitute
| a. quorum fer the transaction OF business, anC
| the number of directors may be increa sed o.
diminished by a majority vote Of stockholders il
interest at any irregular meeting, provided the mum
Der shall not be less than seven nor more thai
| fifteen.
ARTICLE V.
| STOCKHOLDERS MEETINGS.
SEC. l. Stockholders meetings may be cSlleC
at any time by the Board of Directors and on tn
| reauisition of the holders OF one-ttth OF tn
CAPITAL stock issued it shall be their duty to cal
such meetings for the purpose OF amending thu
| Charter and consideration OF and action upon al
other business of the company, and all ques Ion
arising at such meetings shall be determined b
a majority of the stock there present and voting
| SEC g. The annual meeting OF the stOckholder
for the election of directors and transaction 0
the regular business shall be held on the secon
Wednesday in January OF each year.
| ,,r,c,rv
| Ah1lCLh w.
LIQUIDATION.
This corporation may be dissolved at geners
meeting convened for that purpose with the as
sent Of three-fourths Of the stock Of the CON
pany and two thirds of the stock represented! a
| such meeting, and IN case OF such dlssoluuo
the iiouidation shall be conducted by three CON
missidners elected by ballot at such ting. q
the termination of this Charter, the liquidatio
shall be conducted by similar board of tire
commissioners, to be in the same way elected 6
= General meeting of stockholders convened fc
the purpose.
Thus done and passed, at NY Office, in tn
presence of Andrew J. Armstrong and John v
Hunter. lawful witnesses residing in this cit,
who have hereunto signed their names ae sucl
together with the said appearers and me, sal
notary, on the day, month and year herein frs
written. after reading the whole
Original Signedl G. W. Il. BAYLEY,
III 1iE IN Ms ~,