The New Orleans bulletin., 1875-09-03
CHARTER.


: the construction of the said railroads, the sa
a company shall restore the same to its form
state, or to such a state that its usefulness al
CONVENIENCE to the public shall not be unnece
sarily impaired or njured and the said compar
, shall not be required to construct draw In ar
bridge over and across any stream or bayol
except streams navigable by enrolled and /
censed vessels, and when required by law.
Seventh-To obtain, by grant or otherwis,
from any parish, city village within this Stat,
any rights, privileges or franchises that any
, said parishes, cities or villages, may choose t
grant in reference to the construction, mainte
nance, management and use OF the railroads {
said company, il g depots, cars, locomotives an
its business, within the limits of such or any
said parishes, cities and villages.
Eiehth-To appropriate property according t
existing laws.
Ninth-To cross, intercept, Join and unite it
railways, and prorate with any other railroa,
heretofore or hereafter constructed in the Stat
of Louisiana, or any other State, at any poin
| upon it's route and upon the ground Of sucl
other railroad, with the necessary turn-outs
sidings, switches and other conveyances, il
| furtherance OF the objects OF its 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 a part OF the property O
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 ol
establishing continuous and connecting lines as
hereinbefore provided, and as evidence of the in
debtedness Of said company for such loans, OF
the purchase or lease Of such property, to issue
| its 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
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, 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 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 d, ectors shall
Company, another Vice President, and another
Treasurer, and ehall have power to make and
prescribe such bylaws and rules and regulations,
and from time to time alter, amend ana revoke
Iu6 ShLu0 DIS tuey eudu st0 UQS govern
ment Of said Company, the transfer of its stock
the election of its officers, the management and
d1sposiion of its business, property and effects
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. All election for directors shall be by
ballot, and every stockholder shall be enti led
20 one vote in person or by proxy for each share
If stock held by him for ninety days prior to
such election.
Spc q Sorar or 4ba d;ro,+or, ,bou oo,.4:I.4o
! quorum for the transaction Of business, and |
he number of directors may be increa sed or |
diminished by maiority vote of stockholders in |
interest at any regular meeting, provided the num-
,er shall not be less than seven nor more than !
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
SEC. 1. Stockholders meetings may be called |
t any time by the Board of Directors, and ON the
equisition of the holders OF one-ffth of the
apital stock issued it shall be their duty to call
uch meetings for the purpose of amending this
jharter and consideration of and action upon all
ther business of the company and all questions
rising at such meetings shall be determined by
majority of the stock there present and voting
SEC. 2. The annual meeting of the stockholders
1e regular business shall be held on the second
1ednesday in January of each year.
ARTICLE vi.
LIQUIDATION.
This corporation may be dissolved at general
eeting convened for that purpose with the as
INT OF three-fourths OF the stock of the COM
any and two thirds Of the stock represented at
lch meeting, and in case Of such dissolution
le liquidation shall be conducted by three COM
issoners elected by ballot a such meet ng At I
e termination Of this Charter, the liquidation
lall be conducted by similar board of three !
to be in the same way elected at | {
general meeting OF stockholders convened for
e purpose.
Thus done and passed, at my Office, in the
essence of Andrew J. Armstrong and John W.
unter, lawful Witnesses residing in this city, !
40 have hereunto signed their names a. such,
gether with the said appearers and me, said
tary, on the day, month and year herein first C
itten, after reading the whole.
Original Signedl G. W. X. BAYLEY, u
J. A. GIRDNER, A
GEO. JONAS,
JULIUS WEIS, I
HU. KENNEDY, r
DAVID WALLACE, A
+. B. WHEELOCK, G
E. L. RANLETT, J.
JOHN Ell. KENNARD, q
CYRUS BUSsEY, A
JOHN PHELPS, 4Ei p: . 0''' -
w. B. SCHMIDT, P
SAM'L Fl. KENNEDY, Oh
A. J. ARMSTRONG, B
JOHN W. HUNTER, ht
. G. EUSTIs. Notary Public. ce
the undersigned Deputy Recorder of Mort
,es in and for the parish of Orleans, city of
Y Orleans, do hereby certify that the above he
foregoing act of incorporation of the 'New d,
cans Pacific Railway Company" was this day "a
y recorded in my Office, according to law, in a
k 11s, folios GIG, 627, 62s, &c., $50, 631 and "
ew Orleans, June 29, 1875. tn
Original signed.) c. DARCANTEL, an
Deputy Recorder.
certify the above and foregoi' g to be a true tai
correct copy of the original charter and Ger to
ate of recordation thereof, now extant in my Di
'ent register. am
faith, whereof grant these presents under S,,l