The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-08
CHARTER,

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not to impair it's usefulness to the r.-SF
essarily; or if temporarily impairedi1 r
the construction of the said railroa ds II
company shall restore the same TO n
state, or to such state that its useful
CONVENIENCE to the public shall not be n
sarily impaired or injured, and the said II
shall not be required to construct dral J
bridge over and across any stream al Y
except streams navigable by enrolled
censed vessels, and when required by Ia
Seventh-To obtain. by grant or Of =
from any parish, city or village within tn
any rights, privileges or franchises tha
said parishes, cities or villages, NAV ch
| GRANT in reference to the construction
rance management and use il the NIL, /.
sajd company, is depots, cars, locomot;1 .
its business, within the limits of such ", b
said parishes, cities and Villages.
Eiehth-To appropriate property acc,rt
| existing laws.
Ninth-To cross, intercept, join and j ~
| RAILWAYS, and prorate with any other ~"
heretofore or hereafter constructed N
of Louisiana, or any other State, at
upon it's route and upon the ground pd =
other railroad, with the necessary n s l
sidings. switches and other convert -.
fnrtherance OF the objects of it's connect| ma
Tenth-To purchase or lease from ami EN-
com pany or corporation, at any author Pity
any railroad, and the charter. franch,
ertv and appurtenances thereof, and d,
and use the same as part OF the ubf
this company. I'd
Eleyenth-To borrow money Or to pclrrat
lease property ON its own credit, for tbsld a
of constructing and maintaining said rao act
establishing continuous and connectinsale
hereinbefore provided; and as evidence gene
debtedness of said company for such anti,
the purchase or lease of such properties il
its corporate bonds or promissory notesoug
interest at such rate per annum as the tlonl
ful money of the United States at such t1re
places as may be deemed most to the adisps
of the corpora ions, and for securing peiu
ment of said bonds or notes, to morts II
pledge it's railroads, it's capital stock, itse \
ate franchises and any of it's real or.
property, or any portion of the same. gal.
nr,c1nu az
ARIltLh ~. da
BOARD OF DIRECTORS. ell
SEC. 1. The corporate powers Of thispata
nv shall be vested IN a Board OF Directs =
posed of fifteen stockholders to be elm
accordance with the bylaws of the Coy:
and such officers and agents as may fronooo;;
time be appointed by such board. No ?
shall be director who is not the actual ow
at least ten (10) shares OF the capital ST
said Company. Directors shall be electt
nually, and continue in office until othel
elected to fill their place, and shall have pc,
fill vacancies in their number caused by {
RESIGNATION or otherwise. The directors
elect one of their number as President Q
Company, another Vice President, and al
Treasurer, and shall have power to m,
prescribe such bylaws and rules and regn
and from time to time alter, amend and 4
the same as they shall see fit touching the gA
ment of said Company, the transfer OF its :,
the election of it's officers, the managemefss
disposition of it's business, property and e.
the powers and conduct of it's officers and a.
ana all other matters which shall in any ws.
tain to the concern of the Company.
SEC. 2. All election for directors shallA
ballot, and every stakeholder shall be en-
to one vote in person or by proxy for eachi
of stock held by him for ninety days pi
such election.
SEC. 8. Seven of the directors shall conG
quorum for the transaction of business
the number Of directors may be increas
diminished by a majority vote of stockholda
interest at any regular meeting, provided then
Der shall not be less than seven nor more:
fifteen.
ARTICLE
STOCKHOLDERS MEETINGS.
Sec. 1. Stockholders meetings may be 1
at any time by the Board of Directors, and q
requisition of the holders Of one-ffth OF
capital stock issued it shall be their duty T.
such meetings for the purpose of amending
Charter and consideration of and action up.
other business of the company, and all ques,
arising at such meetings shall be determine
f0rifvy of tho ofpo6 fharo
SEC. 2. The annual meeting of the stockho,
for the election Of directors and transact.
the regular business shall be held on the1
Wednesday in January of each year.
ARTICLE VI. W
LIQUIDATION.
This corporation may be dissolved at ages
meeting convened for that purpose with TIL
sent of three-fourths of the stock of the y
pany and two thirds Of the stock represente
such meeting, and in case OF such dissolS
the liquidation shall be conducted by three !
missioners elected by ballot at such needing.
The termination of this Charter. the liApidE
shall be conducted by a similar board MI
to be in the same e,ay. u Il!
J. general meeting Of stockholdcony nv
the purpose.
Thus done and passed nay Office, in Il
4. - low s1n6urOnS ana John y
Hunter, lawful Wits residing in this cit
who have hereuntsned their names as sne
together with taid appearers and me, sal
notary, on thu, month and year herein firE
written, atteling the whole.
sOrigSighedl G. W. r. BAYLEY, Il
j. A. GIRDNER, NJ
GEO. JONAS,
JULIUS WEIS,
HU. KENNEDY,
DAVID WALLACE, 4
+. B. WHEELOCK,
E. 1. RANLETT,
JOHN H. KENNARD,
CYRUS BUSoEY,
BY [. s G., III
JOHN PHELPS,
W. B. SCHMIDT. ~
SAM'L H. KENNEDY =
A. J. ARMSTRONG;
n Dr,e,,e, JOHN W. HUNTER,
J. g. EUST1S. ~ Public. ~
l, the undersieDeputy Recorder Of Nor
ages in and foi parish of Orleans. CITY.
lew Orleans, do be certify that the abo1
nd foregoing act OF poration Of the s.Na
'rleans Pacific Railw.mnanvn Wa '1 4I;s Ie
uly recorded in my. according to Law;
e ook 1lS, folios 626, Cos, 629, $50. 6si an
New Orleans, June 20,
Original signed.) nDARcaNTrs
I 49, r. Il.