The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-20
CHARTER.

upon, along or 1ntersect touch or cross, so a.
not to impair its usefulness to the public unnec
essarily; or if temporarily impaired In and during
the construction OF the said railroads. the sail
company shall restore the same to its former
state, or to such state that its usefulness anl
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 navigabie 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
| said parishes, cities or villages, may choose to
grant in reference to the construction, mainte
nance, management and use of the railroads Of
said company, 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 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 it's route and upon the ground of such
other railroad, with the necessary turn-outs,
sidings, switches and other conveyances, ia
furtherance OF the objects Of its connections
Tenth-To purchase or lease from any railroad
company or corporation, at any autholiza sale,
any railroad, and the charter, franchises, prop
erty and appurtenances thereof, and maintain
and use the same as part of the property of
this company.
Eleventh-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
hereinbefole 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 promssory notes, bearing
intere st 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
ha dor tn
of the corporations, and for securing the pay
ment of said bonds or notes, to mortgage and
pledge it's railroads, its capital Stock its corpo-
rate 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
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 same as 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 its 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 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 increa sed or
by majority vote of stockholders in
at any regular meeting provided the num-
Der shall not be less than seven nor more than
fifteen.
ARTICLE
STOCKHOLDERS MEETINGS.
Sec l. 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 question |
arising at such meetings shall be determined bv
majority OF the stock there present and voting. |
SEC. 2. The annual meeting of the stockholders |
'or the election of directors and transaction of |
;he regular business shall be held on the second |
Wednesday in January of each year.
ARTICLE VI.
LIQUIDATION.
This corporation may be dissolved at a general |
Meeting convened for that purpose with the as |
ent 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 ng. 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.
1unter, lawful witnesses residing in this city,
7ho have hereunto signed their names as such,
ogether with the said appearers and me, said |
otary, on the day, month and year herein first
7ritten, after reading the whole.
Original Sgnedl G. W. X. BAYLEY
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEII,
HUI. KENNEDY,
DAVID WALLACE,
E. B. WHEELOCK.
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSoEY
JOHN PHELPS,
W. b. SCHMIDT,
SAML Fl. 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
ew Orleans do hereby certify that the above
Id foregoing act of incorporation of the s.New
rleans Pacific Railway Company" was this day
lily recorded in my Office, according to law, in
ook lis, folios 626, 627, 628, 629, $50, 631 and
q. 8
New Orleans, June 20, 1875. +
Original sgned) G. DARCANTEL, .
Deputy Recorder.
I certify the above and foregoing to be true +
ID correct copy of the original charter and GER +
icate of recordation thereof, now extant in my I
trent register. a
In faith, whereof, grant these presents under .
y hand and the impress of my official seal, this
day of July, A. D. 1875. Il
J. G. EUSTIS, Notary Public.
jy6 I'm IS Carondeet street
STATE OF LOUISIANA, ! 8
.RIsH OF ORLEANS, CITY OF New ORLEANS. { I
BE 1T KNOWN, that, on this Eighteenth day Il
the month of June, in the year of our Lord, Il
e thousand eight hundred and seventy-five, O.
d of the Independence of the United States of e.
nerica the ninety ninth, o.
Before me, JOHN G. EUSTIS, a Notary Pub