The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-10
CHARTER.

pike or canal which its said railways may so pas
upon, along or intersect, touch or cross, 80 q
not to impair it's usefulness to the public unnet
essarily; or if temporarily impaired in and durin
the construction of the said railroads, the sal
company shall restore the same to its forme
state, or to such state that its usefulness an
CONVENIENCE to the public shall not be unneces
sarily impaired or injured, and the said compan
shall not be required to construct draw in an
bridge over and across any stream or bayou
except streams navigabe 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 Q
said parishes, cities or villages, may choose t.
grant in reference to the construction, malnte
nance, management and use of the railroads o
| said company, g depots, cars, locomotives ant
| its business, within the limits of such or any o
said parishes, cities and Villages.
| EiQhth-To appropriate property according t.
existing laws.
Ninth-To cross, intercept, join and unite it
| railways, and prorate with any other railroad
heretofore or hereafter constructed in the STATE
| Of Louisiana, or any other State, at any poin
| upon its route and upon the ground Of suct
other railroad, with the necessary turn-outs
sidings switches and other conveyances, il
furtherance of the objects Of its connections
Tenth-To purchase or lease from any railroad
company or corporation, at any authorized sale
any railroad. and the charter, franchises, prop
erty aud appurtenances thereof, and maintain
| and use the same part of the property o.
this company.
Eleventh-To borrow money or to purchase OF
lease property on it's own credit, for the purpose
Of constructing and maintaining said railroads OF
establishing continuous and connecting lines as
hereinbefue provided, and as evidence of the in
debtedness OF said company for such loans, OF
the purchase or lease OF such property, to issue
it's Corporate bonds or promissOry notes, bearing
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 as may be deemed most to the advantage
of the corporations, and for securing the pay
ment of said bonds or notes. to mortgage and
pledge its railroads. its capital stock, it's corpo-
rate franchises and any of its real or personal
property, or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS.
SEC. /. The corporate powers OF this Compa.
ny shall be vested III Board OF Directors COM
posed of fifteen stockholders to be elected in
accordance with the bylaws Of the Company,
time be appointed by such board. No person
shall be director who is not the actual owner of
at least ten l0) 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 di ectors 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 as they shall Sc tit touching ths govern
ment of said Company the transfer Of it's stock,
the election of its officers, the management and
dlsposi ion OF its business, property and effects,
the powers and conduct Of its officers and 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 be by
ballot, and every stakeholder shall be emit led
to vote in person or by proxyfor each share
of stock held by him for ninety days prior 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 in
interest at any regular meeting, provided the num-
Der shall not be less than seven nor more than
fifteen.
STOCKHOLDERS MEETINGS.
Sec. /. 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 and action upon all
other business Of the company, and all questions
arising at such meetings shall be determined by
a jority 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
,any and two thirds Of the stock represented at
uch meeting, and in case Of such dissolution
he liquidation shall be conducted by three COM
nissioners elected by ballot at such meet pg. At
he termination of this Charter, the liquidation
hall 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 my office, in the
presence Of Andrew J. Armstrong and John W.
funter, lawful witnesses residing in this city, |
Who have hereunto signed their names a. such. |
ogether with the said appearers and me, said |
otary, on the day, month and year herein first |
'ritten, after reading the whole. |
Original Signedl G. w. r. BAYLEY,
IA. GIRDNER,
GEO. JONAS,
JULIUS WEIS
HU. KENNEDY,
DAVID WALLACE,
j. B. WHEELOCK,
e. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSsEY.
JOHN PBR Fl ?: q 0''
W. B SCHMIDT,
SAM'L Fl. KENNEDY,
A. J. ARMSTRONG,
JOHN W. HUNTER,
J. G. EUSTIS. Notary Public.
l, the undersigned Deputy Recorder CT Mort
ages in and for the parish Of Orleans, city of
ew Orleans, do hereby certify that The above
Id foregoing act Of incorporation of the "New
rleans Pacific Railway Company" was this day
lily recorded in my Office, according to law, in
,ok 11S, folios 626, 627, 62S, 629, $50, 631 and
2. l
New Orleans, June 49, 1875.
Original signed.) G. DARCANTEL,
Deputy Recorder.
1 certify the above and foregoi to be true
ID correct copy of the original charter and GER
icate of recordation thereof, now extant in my
TRENT register.
In faith, whereof, grant these presents under !
y hand and the impress of my official seal, this
day of July, A. d. 1875. II
J. G. EUSTIS, Notary Public.
jy6 I'm 80 Carondelet street.
STATE OF LOUISIANA, ! II
ARIsH OF ORLEANS, CITY OF New ORLEANS I K
BE 1T KNOWN, that, on this Eighteenth day ,,
the month of June, in the year of our Lord, |
e thousand eight hundred and seventy five Q
d of the Independence of the United S ates of e
nerica the ninety ninth,