The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-15
CHARTER.

state, or to such state that its usefulness ana
CONVENIENCE to the public shall not be unneces-
sarily impaired or injured, and the ssiu conlpany
shall not be required to construct draw IN any
bridge over and across any stream or bayou,
except streams navigabe 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, ma1ate-
nance. management and use the railroads OF
said company, is depots, cars, locomotives and
it's business, within the limits OF such or any OF
said parishes, cities and villages.
Eishth-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 its route and upon the ground of such
other railroad, with the necessary turn-outs,
sidings, switches and other conyeyances, III
furtherance OF the objects of its connections
Tenth-To purchase or lease IRON any railroad
company or corporation, at any authorized sale,
any railroad, and the charter, franchises, prop
erty and appurtenances thereof, aud maintain
and use the same as parsof the property OF
this company.
EleYenth-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 nnes as
hereinbefore provided; and as evidence OF the IN
debtedness of said company for srch loans, OF
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
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 corpor-
ate 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.
nv 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, snd 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
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
lnent 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 it's officers and agents,
and 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 proxyfor each share
of stock held by him for ninety days prior to
such election.
SEC. 8. Seven of the directors shall constitute |
q quorum for the transaction of business, and
the number Of directors may b increased or |
by majority vote OF stockholders ID |
interest II any regular meeting, provided the num- |
Der shall not be less than sever nor more than |
fifteen.
STOCKHOLDERS MEETINGS..
SEC l. Stockholders meetings may be called |
at any time by She Board of Directors, and on the |
reduisition of the holders OF one-ffth of the |
capital stock issued it shall b. their duty to call
such meetings for the purpose OF amending this
Charter and consideration OF md action upon all
other business of the COMPANY, and all questions
arising at such meetings shal be determined by
D majority of the stock therepresent and voting.
Sec. q The annual meetirg of the stockholders
'or the election of directos and transaction of
The regular business shall h held on the second
Wednesday in January of ech year.
ARTICLE VI.
LIQUIDATION.
This corporation may be dissolved at general
meeting convened for tina purpose with the as
sent of three-fourths OF he stock Of the COM
oany and two thirds of to stock represented at
such meeting, and in csc of such dissolution
,he liquidation shall be Onducted by three COM
nissioners elected by bslot at such meet g. At
he termination of this Jharter, the liquidation
shall be conducted by similar board of three
to be ir the same way elected at
general meeting OF stockholders convened for
The purpose.
Thus done and pdsed at my Office, in the
presence of Andrew Armstrong and John W.
Hunter, lawful witnesses residing in this city,
Who have hereunto gned their names as such, |
together with the sd appearers and me- said
notary on the day, yonth and year herein first ,
written after readin the whole.
Original Signed) G. W. X. BAYLEY,
]. A. GIRDNER, q
GEO. JONAS,
JULIUS WEBS,
HU. KENNEDY,
DAVID WALLACE, s
j.. B. WHEELOCK, q
E. L. RANLETT
JOHN H. KENNARD,
CYRUS BUSoEY,
JOHN PH 4Ei ?: . '''' =
W. B. SCHMIDT,
SAM'L Fl. KENNEDY,
A. J. ARMSTRONG, r
JOHN ". HUNTER, p
]. G. EUSTISNotarv Public.
l, the undersned Deputy Recorder Of Mort +
ages in and the parish of Orleans, city of
lew Orleans, dhereby certify that the above a.
nd foregoing of incorporation of the 'New y
orleans Pacific .ailway Company was this day "
uly recorded my Office, according to law. in 81
ook 11o, foio626, 627, 62S, 629, $50, 6S1 and b
50. =,
New Orleans une 20, 1875. q
Original sigd.) G. DARCANTEL, p
Deputy Recorder.
certify the'o and foregoing to be true
nd correct CO OF the original charter and GER
fcate OF recitation thereof, now extant in my
urrent regist. p'
In faith, wheof, grant these presents under
~ hand and impress of my official seal, this =,
day of JULIA. D. 1875. Oh
e. EUSTIS, Notary Public. 81
jy6 I'm 35 Carondeet street, fo
III. III. 4. Elliott.
ARTIST Ia