The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-01
CHARTER.


essarily: or if temporarily impaired in and during
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-
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 otherwise,
from any parish, city or village within this State
any rights, privileges or franchises that any OF
| said parishes, cities villages, may choose to
| grant in reference to the construction, mamie.
nance, management and use of the railroads OF
said company, i 8 depots, cars, 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 ana unite It's
RAILWAYS, and prorate with any other railroad
heretofore or hereafter constructed in the State
| of Louisiana, or any other State, at any point
upon it's route and upon the ground OF such
| other railroad, with the necessary turn-outs,
| sidings switches and other conyeyances, 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 thereon, and MAINTAIN
| and use the same as part OF the properly OF
| this company.
| Eleyenth-To borrow money or to purchase or
lease property its own credit, fer the purpose
OF constructing and maintaining said railroads or
establishing continuous and connecting 'lnes 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
it's corporate bonds or promissory notes, bea ing
interest at such rate per annum as the directory
NAV 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 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. 1. The corporate powers of this Compa'
nv shall be vested in Board of Directors COM
oosed 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 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 as they shall see fit touching the govern
ment Of said Company, the transfer of its stock
the election Of it's officers, the management and
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 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 priol to
such election.
SEC, 8. Seven of the directors shall constitute
a quorum for the transaction of business, and
the number of directors may be increased or
diminished by majority vote OF stockholders III
interest at any regular meeting, provided the num-
Der shall not be less than seven nor more than
fifteen.
STOCKHOLDERS MEETINGS.
SEC. 1. Stockholders meetings may be called
at any time by the Board of Directors, and on the
requisition 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 aid 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 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 meet ng At
the termination Of this Charter, the liquidation
shall be conducted by similar board of three
commissioners, to be in the same way elected at
a general meeting of stockholders convened for
the purpose.
Thus done and pnssed, 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,
together with the said appearers and me, said
notary, on the day, month and year herein first
written, after reading the whole.
Original Signedl G.. W. II. BAYLEY,
ia. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HU. KENNEDY,
DAVID WALLACE,
l.. B. WHEELOCK,
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSsEY,
JOHN PHELPS,
W.B. SCHMIDT,
SAM'I Fl. KENNEDY,
Al. ARMSTRONG,
JOHN w. HUNTER,
JIG. EUSTIS Notary Public.
l, the undersigned Deputy Recorder OF Mort
cages in and for the parish of Orleans, city OF
New Orleans, do hereby certify that the above
and foregoing act of incorporation of the ''New
Orleans Pacific Railway Company" was this day
duly recorded in my Office, according to law, in
book 11S, foios 626 627, 628, 629, $50, 631 and
632.
New Orleans, June 20, 1875.
Original signed.) q. DARCANIEL,
Deputy Recorder.
certify the above and foregoi G to be true
and correct copy of the original charter and GER
tificate Of recordation thereof, now extant in my
current register.
In faith, Whereof grant these presents under
my hand and the impress Of my official seal, this
Sd day OF July, A. D. 1873:
j. G.. EUSTIS, Notary Public.
i've I'm IS Carondeet street.
STATE OF LOUISIANA, I
PARISH OF ORLEANs CITY OF NEW ORLEANS
BE IT KNOWN, that, on this Eighteenth day
of the month of June, in the year of our Lord,
one thousand eight hundred and seventy-fve,