The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-24
CHARTER.

pike or canal which its said railways may SO pas
upon, along or lntersect, touch or cross, so a
not to impair its usefulness to the public unnec
u essarly; if temporarily impaired IN and durin;
r the construction of the said railroads, the sail
company shall restore the same to its forme
state or to such state that Its usefulness ant
CONVENIENCE to the public shall not be unneces
= sarily impaired or injured, and the said compan!
, shall not be required to construct draw In an,
: bridge over and across any stream or bayou
: except streams navigabe by enrolled and Ii
censed vessels, and when required by law.
: Seventh-To obtain, by grant or otherwise
from any parish city village within this State
any rights, privileges or franchises that any o.
said parishes cities or villages, may choose to
grant in reference to the construction, maiGte
nance, management and use OF the railroads OF
said company, i depots, cars, locomotives anC
its business, within the limits of such or any Of
said parishes. cities and villages.
Eilhth-To appropriate property according to
existing laws.
Ninth-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 conveyances in
furtherance of the objects of it's 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
WV
this company.
Eleventh-To borrow money or to purchase or
lease property on its own credit for the purpose
Of constructing md maintaining said railroads or
establishing continuous AID connecting lines as
hereinbefoIe 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 rporate bonds or promissory notes, bearing
lntere st at such rate per annum as the directory
may elect, and made payable in gold or the law
tul 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 a 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
nuaIly, 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 otherwise. The d 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 |
the same as they shall see tit touching the govern
ment of said Company, the transfer of it's stock |
the election of its officers, the management and
dlsposi ion of its business, property and effects |
the powers and conduct of its officers and agents.
anu all other matters which shall in any way per-
tam 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 proxy for each share
of stock held by him for ninety days prior to
such election.
SEC. 3. Seven of the directors shall constitute
a quorum for the transaction of business, and
the number of directors may be increa sed or
diminished by ma jority vote of stockholders in
interest at any regular meeting, provided the num-
Der shall not be less than seven nor more than
fifteen.
ARTICLE
STOCKHOLDERS MEETINGS.
Sec. /. Stockholders meetings NAV be ca He'd |
at any time by the Board of Directors and on the
requistlon 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 VI.
LIQUIDATION.
This corporation may be dissolved at general
meeting convened for that purpose with the as
tent of three-fourths of the stock of the COM
)any and two thirds of the stock represented at
uch meeting and IN case of such dissolution
he liquidation shall be conducted by three COM
nissioners elected by ballot at such meet ng At {
he termination of this Charter, the liquidation
hall be conducted by a similar board of three |
to be in the same way elected at {
general meeting Of stockholders convened for {
he purpose. {
Thus done and passed, at my Office in the
resence of Andrew J. Armstrong and John w. {
iunter, lawful witnesses residing in this CITY. t
Tho have hereunto signed their names as such,
ogether with the said appearers and me- said
otary, on the day, month and year herein first C
ritten, after reading the whole.
Original Signedl. G. w. X. BAYLEY, u
J. A. GIRDNER, A
GEO. JONAS c
JULIUS WEIS, II
HUI. KENNEDY,
DAVID WALLACE, A
=. B. WHEELOCK, c
E. L. RANLETT j
JOHN H. KENNARD, &
CYRUS BUSoEY, A
JOHN PHELPS. 0'''
W.B SCHMIDT P
SAAi'L H. KENNEDY OF
A. J. ARMSTRONG, B
JOHN w. HUNTER, h.
J. G. EUSTIS. Notary Public. &C
l, the undersigned Deputy Recorder of Mort
lges in and for the parish Of Orleans, city of
ew Orleans, do hereby certify that the above h,
I'd foregoing act of Incorporation of the s.New d
rleans Pacific Railway Company" was this dav 40
lily recorded in my Office, according to law, in Z;
ok 118. foos 626, 627, 628, 629, $50, 631 and v
2. G.
New Orleans, June 20, 1875. t II
Original signed.) c. DARCANTFL, w
Deputy Recorder.
certify the above and foregoing to be true 70
d correct copy of the original charter and Ger tn
lea te of recordaton thereof, now extant in my d
trent register. 80
In faith whereof grant these presents under sn
: hand and the impress of my official seal, this
day of July, A. D. 1875. -,
J. G. EUSTIS Notary Public. -
y6 I'm IS Carondelet street.
STATE OF LOUISIANA sh
IRISH OF ORLEANS, CITY OF New ORLEANS ( let
49, - - be
BE 1T KNOWN, that on this Eighteenth day RS
the month of June, in the year of our Lord tn
g thousand eight hundred and seventy-fve. or
Of the Independence Of the United S ates of ex
nerica the ninety-ninth on