The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-09
CHARTER.

the construction of the said railroads, Jig e"u
company shall restore the same 10 l,s ~ ,sd
state. or to such state that it's usefulness anu
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
hridpe over and across any stream or bayou,
except streams navlgable by enIoneu anu
censed vessels, and when required by law.
Seventh-To obtain, by. grant or otherwise
from anv parish city or village within this state.
any rights, privileges or franchises that any OF
said parishes, cities or villages, may cnoose w
Grant in reference to the construction, mantle
nance management and use the railroads OF
said company, i 8 depots, cars, Locomotives anu
its business. within the limits OF such or any OF
said parishes, cities and villages
Eiehth-To appropriate property according 10
existing laws. -.
Ninth-To cross, intercept, join and unite Its
RAILWAYS. and prorate with any other railroad
heretofore or hereafter constructed IN the oIa te
of louisiana or any other State, at any point
upon it's route and upon the grouna Oh su sa
other railroad with the necessary turn-outs,
sidings, switches and other conveyances, In
fnrtherance of the objects of its connections
Tenth-To purchase or lease from any railroad
com sny or corporation, at any authorized SAFE,
anv railroad. and the charter. franchises, prop
erfv and appurtenances thereof, and MAINTAIN
and use the same as part of the property OF
this company. -
Fleventh-To borrow money or to purchase or
lease property on its own credit, Tor the purpose
establishing continuous and connecting INES as
hereinbefore provided; and as evidence OF the IN
debtedness Of said company for such loans, OF
fine purchase or lease of such property to issue
it's corporate bonds or promissory notes, bea Ing
interest at such rate per annum as the directory
NAV elect, and made payable IN gold or the law,
fuI money of the United States at such times and
I 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
.fo
| ate franchises and any of it's 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 IL
accordance with the bylaws of the Company
and such officers and agents as may from time tt
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 o.
said Company. Directors shall be elected an
nually, and continue in Office until others are
elected to fill their place, and shall have power tt
| fill vacancies in their number caused by death
resignation or otherwise. The directors shall
elect one of their number as President OF sale
| Company, another Vice President, and another
| Treasurer, and shall have power to make ant
prescribe such bylaws and rules and regulations
| and from time to time alter, amend ana revoke
/
ment of said Company, the transfer OF its stock
| the election of its officers, the management ant
disposition of its business, property ana eHects
the powers and conduct of its officers and agents
| ana all other matters which shall IN any way per
| tain to the concern of the Company.
| SEC, 2. ALI election for directors shall be o!
| ballot, and every stakeholder shall be entli lee
to Dne vote in person or by proxy for each shsft
Of stock held by him for ninety days prior tt
such election. -
SEC. 8. Seven of the directors shall constitute
a quorum for the transaction OF business, ant
the number of directors may be essed OF
diminished by majority vote OF stockholders Il
interest at any regular meeting, provided the mum
Der shall not be less than seven nor more thai
fifteen.
STOCKHOLDERS MEETINGS.
sEo. 1. Stockholders meetings may be tllet
at anv time by the Board Of Directors, and on tn
reouisiton Of the holders Of one-hfth OF tn
cantal stock issued it shall be their duty to cal
such meetings for the purpose OF amending thl
Charter and consideration OF and action upon a.
other business of the company, and all question
arising at such meetings shall be determined b
a majority of the stock there present and voting
SEC O. The annual meeting OF the stockholder
for the election of directors and transaction 9
| the regular business shall be held on the secon
Wednesday in January of each year.
ARTICLE VI.
81 LIQUIDATION.
This CORPORATION may be dissolved at gener;
J meeting convened for that purpose with the al
: sent of three-fourths Of the stock OF the con
papv and two thirds of the stock represented {
snch meeting, and in case Of such dlssoluuo
, the liquidation shall be conducted by three con
, missi0ners elected by ballot at such meet ng. 4
3 The termination of this Charter, the llquidatio
shall be conducted by similar board OF thrt
I commissioners to be in the same way elected I
a general meeting of stockholders convened
the purpose. :, =,
presence of Andrew j. Armstrong and John v
Hunter, lawful witnesses residing IN thls clt
. | who have hereunto signed their names a, suc
J together with the said appearers and me, sa
! notary, on the day, month and year herein fir
! written after reading the whole
: mripinal Siened) G. w. r. BAYLEY,
J. A. GIRDNER,
; GEO. JONAS,
JULIUS WEIS,
HUI. KENNEDY,
DAVID WALLACE,
E.B. WHEELOCK,
E. L. RANLETT,
/ JOHN Fl. KENNARD,
= CYRUS BUSoEY.
; JOHN PHELPS FL ?; q ''''
W.. SCHMIDT,
SAM'L e. KENNEDY,
! A. ]. ARMSTRONG,
JOHN W. HUNTER,
J.G. EUSTIS. Notary Public.
. |. the undersigned Deputy Recorder OF Nor
: cages in and for the parish of Orleans, city
New Orleans do hereby certify that The abo'
! and foregoing act OF Incorporation OF the NE
! Orleans Pacific Railway Company" was this d'
z duly recorded in my Office, according to law,
1 book 118, folios 626, 627, 62S, 629, 630 631 al
4 &c.,
q New Orleans, June 20, 1875.
i Original signed.) g. DAKoANIEL.
= certify the above and foregoi g to be a tr'
4 and correct copy Of the original charter and &C
r tificate of recordation thereof now extant in n
4 current register.
n In faith, whereof, grant these presents urnd
4 nv hand and the impress Of my official seal, I'll
:. Sd day of July, A. D. 1875.
J. G. EUSTIS, Notary Public.
iv61m 35 Carondeet street.
J. STATE OF LOUISIANA,
d PARISH OF ORLEANS, CRY OF NEW ORLEANS,
BE 1T KNOWN, that, on this Eighteenth d
= of the month of June, in the year OF our Lor
y one thousand eight hundred and seventy-fiv
,e ard of the Independence of the United States
America the ninety-ninth,
Before me. JOHN G. EUSTIS, a Notary Pu
y liz in and for this City and Parish Of Orlear