The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-21
CHARTER.

CHATTER.
y
pike or canal which its said railways may go pas
upon, along or lntersect, touch or cross, SO
lot to impair its usefulness to the public unne,
essarily; or If temporarily impaired in and durin
l 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 in blurred, 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
said parishes, cities or villages, may choose te
grant in reference to the construction, mainte
nance, management and use of the railroads O
said company, depots, cars, locomotives ant
its business, within the limits of such or any O
said parishes, cities and villages.
El2hth-To appropriate property according te
existing laws.
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. in
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 of
this company.
Eleventh-To borrow money or to purchase or
lease property on i ts credit, for the purpose
OF constructing and maintaining said railroads or
establishing continuous and connecting lines al
hereinbefJre provided, and as evidence of the in
debtedness OF said company for such loans, or
the purchase or lease of such property to issue
lts Corporate bonds or promissory notes, bearing
interest at such rate per annum as the directory
may elect, and made payable in gold or the law
tul 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, 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 III 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
ill vacancies in their number caused by death,
resignation or otherwise. The dir ctors shall
elect one OF their number as President of said
company, another Vice President and another
treasurer, ana snail have power to make and
prescribe such bylaws and rules and regulations.
md from time to time alter, amend ana revoke
he same as they shall fit touching the govern.
nent OF said Company, the transfer of it's stock,
he election OF its officers, the management and
disposition OF it's business property and effects |
he powers and conduct of it's officers and agents
M all other matters which shall in any way per.
an to the concern of the Company
SEC. 2 ALI election for directors shall be by
allot, and every stakeholder shall be entitled |
one vote IN person or by proxy for each share {
t stock held by him for ninety days prior to
UGH election. c
SEC. 3. Seven Of the directors shall constitute
quorum for the transaction of business, and
1e number OF directors may be increa sed or | +
unfinished by majority vote of stockholders in /
lterest at any regular meeting, provided the num-
or shall not be less than seven nor more than il
fteen. :,
ARTICLE V. n
STOCKHOLDERS MEETINGS.
SEC. l. Stockholders meetings NAV be G, He'd a
any time by the Board of Directors, and on the r.
QUESTION OF the holders Of one-ffth of the
pltal stock issued it shall be their duty to call
lch meetings for the purpose of amending this 81
aarter and consideration of and action upon all a
her business OF the company, and all questions f,
lslng at such meetings shall be determined nv r
majority OF the stock there present and voting. n
SEC. z. The annual meeting of the stockholders b
r the election of directors and transaction of
regular business shall be held ON the second W
ednesday IN January OF each year. tr
ARTICLE VI. ell
LIQUIDATION.
Ihls corporation may be dissolved at general 81
7eting convened for that purpose with the as fdt
Mt OF three-fourths of the stock of the COM ps
ny and two thirds of the stock represented at fl
Gu meeting, and III case of such dissolution er
9 liquidation shall be conducted by three COM be
ssloners elected by ballot at such meet NO. At az
termination OF this Charter, the liquidation
all be conducted by similar board of three pc
to be in the same way elected at of
General meeting of stockholders convened for co
purpose. en-
Thus done and passed, at my office, in the
'sence OF Andrew j. Armstrong and John w. en-
inter, lawful witnesses residing in this CITY. tn
Q have hereunto signed their names As such
ether with the said appearers and me. said
AIRY, on the day, month and year herein first CO..
item, after reading the whole. Be-
Original Signedl. G. W. \. BAYLEY, un
j. A. GIRDNER, Ar
GEO. JONAS, O.
JULIUS WEII, TIE
HU. KENNEDY r
DAVID WALLACE, A.
E. b. WHEELOCK. G.
E. L. RANLETT, J.
JOHN II. KENNARD, H.
CYRUS BUSsEY, A.
JOHN PBE Fl P: W. NJ w.;
w. b. SCHM Pre-
SAM'L H. KENNEDY, one
A. J. ARMSTRONG, Bof
JOHN W. HUNTER, her
G. EUSTIS. Notary Public GER
the undersigned Deputy Recorder of Mort
es in and for the parish of Orleans, CITY of G
Orleans, do hereby certify that the above ho %
foregoing act Of incorporation of the "New m NJ,
ans Pacific Railway Company" was this dav ~ ~
recorded in my Office according to law. in ssip
11S, folios 626, 627 62S, 629, $50, 63l and VI,
wv Or,oons I,ro 90 ,o-s five
r;oinoI S;on odo 80 Aot'' D.Dox,rr, the
Deputy Recorder. N
Gritty the above and foregoing to be a true ,o;n
correct copy of the original charter and Ger "a
tie OF recordation thereof, now extant in NV n;rs
INT register. DIre
and md tbo inroaa ~ 81 Hliuer subs
y OF July, A. D. 1875 rn 81
]. G.. EUSTIS, Notary Public. un'i
I'm IS Carondeet street. D.
STATE OF LOUISIANA, shall
sH OF ORLEANS, CITY OF New ORLEANS, lect
-, ,~>- be m
1T KNOWN, that on this Eighteenth day tran,
month of June in the wear 0f our or6 az 7