The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-04
CHARTER.

essarlv. or If tomporarilv impaired in and during
the construction of the said railroads, the salo
company shall restore the same to Its former
state, or to such state that its usefulness ana
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 IL
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 or villages, may choose to
grant in reference to the construction, mantle
| nance management and use 1.-THE railroads OF
said company, is depots, cars, locomotives and
its business, within the limits of such or any of
said parishes, cities and villages.
Eighth-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,
| sidings 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 authoilAed SAFE,
any railroad, and the charter, franchises, prop
| erty and appurtenances thereof, and MAINTAIN
and use the same as a part of the property OF
| this company.
| ElevenIh-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
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
| its corporate bonds or promlssory notes, bea ing
interest at such rate per annum as the directory
| may elect, and made payable in gold or the law
| fil 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
- hon mot tn al1fi
pledge its railroads. it's 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 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 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 its stock.
the election of its 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 entitled
to one vote in person or by proxy for each shsre
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 majority vote of stockholders In
interest at any regular meeting, provided the num-
| Der shall not be less than seven nor more than
fifteen.
ARTICLE V.
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-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
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
panv 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 al such meeting. 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
L
the purpose.
THUS done and passed, 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. X. BAYLEY,
]. A. GIRDNER,
GEO. JONAS,
JULIUS WEII,
HU. KENNEDY,
DAVID WALLACE,
E.. B. WHEELOCK,
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSsEY,
JOHN PHELPS ARf Ill.,
W.B. SCHMIDT,
SAML II. KENNEDY,
A. J. ARMSTRONG,
JOHN w. HUNTER,
j. G. 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 CPS, 629, $50, 63i and
632.
New Orleans, June %, 1875.
Original signed.) 9. DARCANTEL,
Deputy Recorder.
certify the above and foregoi to be a true
and correct copy of the original charter and GER
tiicate 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. 1875.
J. G. EUSTIS, Notary Public.
i've I'm IS Carondeet street.
Mrs. Ell. 4. Elliott,