The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-15
CHARTER.

upon, along or intersect, touch or cross, so
, not to impair its usefulness to the public unnec
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 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 this State
any rights, privileges or franchises that any o
said parishes, cities or villages, may choose tc
grant in reference to the construction. mainte
nance, management and use of the railroads O
said company, depots, cars, locomotives anC
its business, within the limits OF such or any o
said parishes, cities and villages.
Ella hth-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, any other State, at any point
upon its route and upon the ground of suct
other railroad, with the necessary turn-outs
sdngs, switches and other conveyances, il
furtherance OF the objects OF its connections
| Tenth-Io purchase or lea Sc 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 OF
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 CT
| establishing continuous and connecting lines as
hereinbefoIe 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 promissory notes, bearing
lnteTe st at such rate per annum the directory
may elect and made payable in gold or the law
| full money of the United States at such times and
1Nal fl,o
| Of the corporations, and for securing the pay
ment OF said bonds or notes, to mortgage and
pledge its 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. /. 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 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 they shall fit touching the govern
ment OF said Company, the transfer of its stock
the election OF its officers, the management and
dispose ion of its business, property and effects
the powers and conduct OF its officers and agents.
anu all other matters which shall in any way per-
tain to the concern OF the Company.
SEC 2. ALI election for directors shall be by
ballot, and every stakeholder shall be emit led
to one vote in person or by proxyf for each share
of stock held by him for ninety days prior to
such election.
Sec. g. 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 ".
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 |
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 a general |
meeting convened for that purpose with the as
sent of three-fouI tbs 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
nissoners elected by ballot at such meet ng. At
,he termination of this Charter, the liquidation
shall 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.
Hunter lawful witnesses residing in this CITY.
Who have hereunto signed their names as such,
ogether with the said appearers and me- said
notary, on the day, month and year herein first
written, after reading the whole.
Original Signed). G. w. r. BAYLEY,
]. A. GIRDNER,
GEO. JONAS
JULIUS WEIS,
HU. KENNEDY,
DAVID WALLACE,
i. B. WHEELOCK,
Z. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSsEY,
JOHN pBELP P: '''
W.B. SCHMIDT,
SAML H. KENNEDY, {
A. J. ARMSTRONG,
JOHN W. HUNTER, /
]. G. EUSTIS, Notary Public. {
|, the undersigned Deputy Recorder of Mort
ages in and for the parish of Orleans, CITY of
ew Orleans, do hereby certify that the above ;
I'D foregoing act of incorporation of the New I
rleans Pacific Railway Company" was this day :
My recorded in my office, according to law in Z
ook 11S, foios 626, 627, 62s, 629, $50, 631 and
g. G
New Orleans, June 20, 1875. :
Original signed.) C. DARCANTFI.
Deputy Recorder.
certify the above and foregoing to be true r
i'd correct copy of the original charter and Ger
icate OF recordation thereof, now extant in nv T
lrrent register.
In faith, whereof, grant these presents under q
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 30 Carondelet street.
STATE OF LOUISIANA, q
ARIsH OF ORLEANS, CITY OF New ORLEANS ( i
BE 1T KNOWN, that on this Eighteenth day t,
the month of june in the year OF our Lord. ii
Re thousand eight hundred and seventy-tiye. OF
d OF the Independence of the United States of e,
merca the ninety ninth, OF
Before me. JOHN G. EUSTIS, a Notary Pub
, in and for this City and Parish of Orleans.