The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-24
CHARTER.

not to impair its usefulness to the public unnec-
essarily: or if temporarily impaired in and during
the construction of the said railroads, the said
company shall restore the same to its former
! state or to such state that its usefulness and
| CONVENIENCE to the public shall not be unneces-
sarily impaired or injured and the said company
shall not be required to construct a draw IN any
| bridge over and across any stream or bayou,
except streams nayigabe by enrolled and IL
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 OF
said parishes, cities or villages, may choose to
grant in reference to the constructlon, malute.
| nance management and use 1.-THE railroads OF
said company, i 8 depots cars, locomotives and
its business within the limits OF such or any OF
said parishes. cities and villages.
Elahth-To appropriate property ACCORDING 10
existing laws.
hinth-To cross, intercept, join and unite its
railways and prorate with any other railroad
heretofore or hereafter constructed IN the state
Of Louisiana, or any other State, at any point
upon its route and upon the ground OF such
other railroad, with the necessary turn-outs,
sidings, switches and other conyeyances, IN
furtherance of the objects of its connections
Tenth-To purchase or lease from any railroad
company or corporation, at any author lzed sale,
any railroad, and the charter, franchises, prop
erty and appurtenances thereof, ana MAINTAIN
and use the same as a part of the property OF
this company.
Eleventh-To borrow money or to purchase or
lease property on its own credit, for the purpose
OF constructing and maintaining said railroads or
establishing continuous and connecting .lnes as
hereinbefore 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 prOml5sory notes, bea ing
interest at such rate per annum as the directory
may elect, and made payable in gold or the law
ful money of the United States at such times and
places may be deemed most to the advantage
Of the corpora ions, and for securing the pay
ment OF said bonds notes. to mortgage and
pledge its railroads. its capital stock, its corpor-
ate 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.
uy 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 III Office until others are
elected to ill 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 Sucl DN-l3WS ana rules ana TeSUlaCOnS,
and from time to time alter, amend ana revoke
the same as they shall tit touching the govern
ment of said Company, the transfer of it's stock
the election of it's officers, the management and
disposition 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 stakeholder shall be emit led
to one vote i'll person or by proxy for each share
IF
such election.
SEC. 3. 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
interests at any regular meeting, provided the num-
Der shall MOI be less than seven nor more than
fifteen.
ARTICLE V.
STOCKHOLDERS. MEETINGS.
SEC. l. Stockholders meetings may be ca He'd
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 ouch meetings shall be determined by
majority of the stock there present and voting.
SEC. q 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 the 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
missoners elected by ballot al such meet ng. At
the termination Of this Charter the liquidation
shall be conducted by similar board of three
commissioners 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 a. SUCH
together with the said appearers and me, said
notary, on the day, month and year herein first
written after reading the whole
Original sisnedl G. W. R. BAYLEY,
J. A. GIRDNER,
GEO JONAS,
JULIUS WEIS,
HUI. KENNEDY,
DAVID WALLACE,
j.. B. WHEELOCK,
E. L. RANLETT,
JOHN H. kENNARD,
CYRUS BUSoEY,
(By L. & Co.
JOHN PHELPS,
W. B. SCHMIDT,
SAM'A II. KENNEDY,
A. J. ARMSTRONG,
JOHN W. HUNTER,
J. G. EUSTIS. Notary Public.
l. the undersigned Deputy Recorder of Mort |
cages in and for the parish of Orleans city of |
New Orleans do hereby certify that the above |
and foregoing act of incorporation of the New |
Orleans Pacific Railway Company" was this day |
duly recorded in my office, according to law, in |
book 118. folios CPS, 627, 628, 629, $50, 631 and
532.
New Orleans, June 30, 1875.
Original signed.) c. DARCANTFL,
Deputy Recorder.
I certify the above and foregoi to be a true |
and correct copy of the original charter and GER
ifcate Of recordation thereof, now extant in my |
current register.
In faith whereof, grant these presents under
ny hand and the impress of my official seal, this
Sd day of July, A. D. 1875
j. G. EUSTIS, Notary Public.
Jy6 I'm 80 Carondelet street.