The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-22
CHARTER.

company shall restore the same TO It's FORMER
state or to such state that Its usefulness anu
CONVENIENCE to the public shall not be unneces-
sarilv impaired or injured, and the sald company
shall not be required to construct a draw IN any
bridge over and across any stream or bayou,
except streams navigable by enrolled ana IL
censed vessels, and when required by law.
Seventh-To obtain. by. grant or otherwise
from any parish city or village Wlenin ais n,ato
anv rights, privileges or franchises that any OF
said parishes, cities or villages, may choose 10
grant in reference to the construction, malite
nance management and use tine rallroads vi
said company, lis depots, cars, locomotives am
its business, within the limits OF such OF any u
said parishes, cities and villages
Eiahth-To appropriate property according 10
existing laws. -.
railways and prorate with any other rallroau
heretofore or hereafter constructed in the State
of Louisiana, or any other State, at any polnt
upon its route and upon the ground OF such
other railroad, with the necessary turn-outs,
sidings, switches and other conVeyances' Ii
Tenth-To purchase or lease from any railroad
com oanv or corporation, at any authorized sale,
anv railroad and the charter, franchises, prop
erty and appurtenances thereon, and maintain
and use the same as part OF the properly VI
this company.
kleyenIh-To borrow money or to purchase or
lease property on its own edit, fer the purpose
of constructing and maintaining said rallroaos or
establishing continuous and connecting Ines as
hereinbefOre provided and as evidence or the H.
debtedpess of said company for such loans, or
the purchase or lease OF such property, to Issue
it's corporate bonds or promlssory notes, pea Ing
interest at such rate per annum as the directory
NAV elect and made payable in gold or the law
fnI 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 ana
pledge its railroads, its capital stock, Its corpoi
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'
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 tlne 10
time be appointed by such board. NO person
shall be director who is not the actual owner OF
At least ten (1O) shares of the capital stock OF
| said Company. Directors shall be elected an
nuallv. and continue in office until others are
elected to fill their place, and shall have power TO
| fill vacancies in their number caused by deatn,
resignation or otherwise The di, ectors shall
| elect one Of their plumber as President or 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 fit touching the govern
ment of said Company, the transfer OF Its stock
the election of its officers, the management and
disposition of it's business, property and effects,
the powers and conduct of it's officers and agents.
anu all other matters which shall IN any way per-
| tam to the concern Of the Company.
SEC O. All election for directors shall be by
| ballot, and every stakeholder shall be emit led
| to one vote in person or by proxy for each share
of stock held by him tor ninety Gays prior 10
| 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 bv majority vote Of stockholders in
| interest at any regular ting provided the num-
Der shall not be less than seven nor more than
| fifteen.
ARTICLE V.
| STOCKHOLDERS MEETINGS.
| Sec l. Stockholders meetings may be He'd
| at any time by The Board OF Directors, and on the
requisition of the holders Of one-ifth 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
| a majority of the stock there present and voting.
| SEC z 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
missioners elected by ballot at such meet ng. At
the termination of this Charter, the liquidation
shall be conducted by a 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 such,
together with the said appearers and me, said
notary, on the day, month and year herein first
written, after reading the whole
| Original signedl G. w. r. BAYLEY,
ia. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HU. KENNEDY,
DAVID WALLACE,
j.. B. WHEELOCK,
Z. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSsEY
JOHN PHELPS Fl P; w.
w. B. SCHMIDT,
SAM'L H. KENNEDY,
A. J. ARMSTRONG,
JOHN W. HUNTER,
| J. G. FUSTIS. Notary Public.
| l. the undersigned Deputy Recorder OF Mort
cages IN ana LOT tne paIlsH VI OrledIs, cIly VI
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 626, 627, 628, 629, $50, 631 and
632.
New Orleans, June 49, 1875.
Original signed.) G. DARCANTEL,
Deputy Recorder.
certify the above and foregoi g to be true
and correct copy of the original charter and Ger
tilicate of recordation thereof, now extant in my
current register.
In faith, whereof, grant these presents under
my hand and the impress of my official seal, this
Sd day OF july A. D. 1873:
J. G. EUSTIS, Notary Public.
| iv6 I'm 35 Carondelet street.
Mrs. III. Z. Elliott,