The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-30
CHARTER.

CONVENIENCE to the public shall not De 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 tins state,
any rights, privileges or franchises that any OF
said parishes, cities or villages, may choose To
grant in reference to the construction, malnte-
nance management and use the railroads OF
said company, depots, cars, locomotives ana
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 III 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,
| siGings, switches and other c0nveyances, III
| 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 thereof, and MAINTAIN
| and use the same as part OF the property Oh
| this company.
| ElevepIh-T0 borrow money or 10 purchase or
lease property on its own credit, fer the purpose
OF constructing and maintaining said railroads or
| establishing continuous and connecting ilnes as
herenbefOre provided; and as evidence or the III
| debtedness OF said company for such loans, or
| the purchase or lease OF such property, TO issue
Its corporate bonds or promissory notes, bea ing
| interest a such rate per annUm as the directory
| may elect and made payable in gold or the law
| ful 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 OF 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 i'll office until others are
elected to fill their place, ana shall have power to
fill vacancies in their number caused by death,
resignation or otherwise. The directors shall
elect one of their number 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 It's stock.
the election of its officers, the management and
disposition of its business, property and effects,
the powers ana cOICuct OF lJE OInceES anu agents,
ana all other matters which shall IN any way per-
tam to the concern of the Company
SEC. q All election Tor directors shall be by
ballot, and every stakeholder shall be entitled
to one vote in person or by prOXyfor each share
of stock held by him Tor 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
int bp
Der shall not be less than seven nor more than
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
SEC. l. Stockholders meetings may be cslled
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
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 n.y. At
the termination of this Charter, the liquidation
shall be conducted by a 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 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.R BAYLEY,
j. A. GIRDNER,
GEO JONAS,
JULIUS WEIS,
HU. KENNEDY,
DAVID WALLACE,
+. B. WHEELOCK,
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSoEY,
by L. & Gu
W. B. SCHMIDT,
SAM'L H. KENNEDY |
A. J. ARMSTRONG,
JOHN W. HUNTER,
]. 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
luly recorded in my Office, according to law in |
book 118, folios 626 627, CPS, G29, $50, G31 and |
1872.
New Orleans, June 30, 1875.
Original sgned.) c. DARCANTEL,
Deputy Recorder.
certify the above and foregoing to be true
md correct copy Of the original charter and GER
ifcate Of recordation thereof, now extant in nv
current register.
In faith, whereof I grant these presents under
ny hand and the impress of my official seal, tits
ID day OF July, A. D. 1873.
J. G. EUSTIS Notary Public.
jy6 I'm 35 Carondelet street.
Mrs. IL. Z. Elliott,