The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-09
CHARTER.

not to impair its usefulness to the pubic 9nnec
essarily; or if temporarily impaired IN ana auils
the construction Of the said railroads, the sac
company shall restore the same to It's Iormei
state or to such state that Its usefulness an.
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 navigable by enrolled and Il,
censed vessels, and when required by law.
| Seventh-To obtain. by grant or otneIWlse,
from any parish, city or village within this state
any rights, privileges or franchises that any o.
said parishes, cities or villages, may choose 70
grant in reference to the construction, MAMIE
nance management and use tine raliroaos "
said company, it's depots cars, locomotives anc
its business, within the limits OF such or any OF
said parishes. cities and villages.
Eiehth-To appropriate property according to
existing laws.
Nint6-To cross, intercept, join and unite its
| RAILWAYS. and prorate with any other fallfoao
heretofore or hereafter constructed IN the otate
| Of Louisiana, or any other State, at any pom.
| upon it's route and upon the ground OF sncn
| other railroad with the necessary turn-outs,
| sidings, switches and other conveyances' III
| furtherance Of the objects of its connexions,
| Tenth-To purchase or lease from any railro S0
| company or corporation, at any authorized SAFE
| any railroad, and the charter, franchises, prop
erty and appurtenances thereon, ana niailieaa ~
| and use the same as part OF the property u
this company.
Eleventh-To borrow money or to purchase OF
lease property on its own credit, for the purpose
of constructing and maintaining said railroads or
establishing continuous and connecting imes DIS
hereinbefore provided; and as evidence OF the III
debtedness of said company for such loans, or
the purchase or lease of such property, 10 Issue
it's corporate bonds or promissOry notes, pea ing
interest at such rate per annum as the oirecI1ly
may elect, and made payable III 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 anu
pledge it's 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 1. 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, and shall have power to
fill vacancies in their number caused by death,
resignation or otherwise. The dir 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
tho same they shall see tit touching the govern
ment 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 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 stoekholder shall be entitled
to one vote in person0r by proxy for each share
of stock held by him for ninety days prior to
such election.
SEC. 8. Seven of the directors shall constitute
a quorum for the transaction OF business, and
the number of directors may be lncress ed 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 V.
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-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
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 tho 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 ng, At
the termination of this Charter, the liquidation
shall be conducted by similar board of three
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. X. BAYLEY,
LA. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HU. KENNEDY,
DAVID WALLACE,
+. B. WHEELOCK,
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSsEY,
JOHN PHELPS, :"
W. B. SCHMIDT. |
SAML II. KENNEDY. |
A. J. ARMSTRONG,
JOHN w. HUNTER,
j. G. EUSTIS, Notary Public.
L, the undersigned Deputy Recorder Of Mort
sages in and for the parish of Orleans, CITY of |
Sew Orleans, do hereby certify that the above
nd foregoing act of incorporation of the "New
orleans Pacific Railway Company" was this day
July recorded in my Office, according to law, in
49, WA "Au
New Orleans, June 20, 1875.
(Ongmal slgned.) G. DARCANTEL.
Deputy Recorder.
certify the above and foregoio e to be a true
nd correct copy of the original charter and Ger.
feate of recordation thereof, now extant in nv
urrent register.
In faith, whereof, grant these presents under
y hand and the impress of nv official seal this
q day of July, A. D. 1875. ''-''
J. G. EUSTIS, Notary Public.
lyo I'm So Carondelet street
Mrs. III. Z. Elliott.