The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-05
CHARTER.

L
essarly; or if temporarily impaired in and durlng
| the construction Of the said railroads, the SAID
company shall restore the same to It's FORMER
state, or to such state that its usefulness ana
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 Ii
censed vessels, and when required by law.
Seventh-To obtain, by grant or otherwise,
any rights, privileges or franchises that any OF
! said parishes, cities or villages, may choose to
grant in reference to the construction, mantle
nance management and use 1.-THE railroads OF
| said company, is depots, cars, locomotives and
its business, within the limits Of such or any Of
| said parishes, cities and villages.
| Eiehth-To appropriate property according to
| existing laws. :,
Ninth-To cross, intercept, join and unite its
| railways, and prorate with any other rallroad
heretofore or hereafter constructed in the State
of Louisiana, or any other State, at any polnt
upon it's route and upon the ground OF such
other railroad, with the necessary turn-outs,
sidings, switches and other conyeyanoes' IN
| 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 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 lines as
hereinbefore provided; and 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 promissory notes, bea ing
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 corpora ions, and for securing the pay
ment of said bonds or 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. 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
ssid 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 directors 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,
the same as they shall see fit touching the govern
ment of said Company, the transfer OF its stock.
the election of its 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 entitled
| to one vote in person or by proxyfor each share
| of stock held by him for ninety days prior to
| such election.
SEC. g. Seven Of the directors shall constitute
| quorum for the transaction of business, and
| the number of directors may be increased or
diminished by majority vote of stockholders in
interest at anv regular meeting provided the num-
| Der shall not be less than seven nor more than
| fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
| SEC. 1. Stockholders meetings may be called
at any time by the Board of Directors, and on the
| reqlsition of the holders Of one-ffth 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 W.
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
missioners elected by ballot at 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
hold
| 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 Signed) Nv. R. BAYLEY,
| J. A. GIRDNER,
| GEO. JONAS,
| JULIUS WEIS,
HUI. KENNEDY,
DAVID WALLACE,
+. B. WHEELOCK,
E. L. RANLETT,
JOHN Fl. KENNARD,
CYRUS BUSsEY,
JOHN PHELPS. ="
W.B. SCHMIDT,
| SAhTL Fl. KENNEDY,
A. J. ARMSTRONG;,
JOHN W. HUNTER,
! JIG. EUsT1S. Notary Public
| /, 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 11S, foios 626, 627, 62S, 629, $50, GIL and
632.
New Orleans, June 20, 1875
Original signed.) G. DAkCANTEL,
Deputy Recorder.
1 certify the above and foregoing to be true
and correct copy of the original charter and GER
tifcate of recordation thereof, now e1tant in my
current register.
In faith, whereof, grant these presents under
nv hand and the impress of my official seal, this
Sd day OF July, A. D. 1875.
J. G. EUSTIS, Notary Public
i've I'm IS Carondelet street.
Mrs. III. L. Elliott,
ARTIST