The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-13
CHARTER.

CHARTER.
pike or canal which its said railways may so pas
upon, along or intersect, touch or cross, so a
not to impair its usefulness to the public unnec
essarily; or If temporarily impailed In and durin,
the construction Of the said railroads, the sal,
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 navigabIe by enrolled and Ii
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 construction, mainte
nance, management and use of the railroads Of
| said company, 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.
| kinth-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 it's route and upon the ground of such
other railroad, with the necessary turn-ou ts
| 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
and use the same as part OF the property Of
this company.
Eleventh-To borrow money or to purchase or
lease property on it's own credit, for the purpose
Of constructing and maintaining said railroads or
establishing continuous and connecting lines as
hereinbefo1e provided, and as evidence of the in
debtedness OF said company for such loans, or
the purchase or lease of such property, to issue
it's c,rporate bonds or promissory notes, bearing
intere st 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 corpor atoms, 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 Nv.
BOARD OF DIRECTORS.
SEC. !. The corporate powers of this Compa.
ny 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 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 di 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 fit touching the govern
ment OF said Company, the transfer of it's stock |
the election of its officers, the management and
disposition of it's 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 bv |
ballot, and every stakeholder shall be emit led !
10 one vote in person or by proxy for each share
If stock held by him for ninety days prior to
,uch election.
Sec. 8. Seven of the directors shall constitute
. quorum for the transaction OF business and
he number of directors may be increased or
diminished by majority 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. 1. Stockholders meetings may be CT He'd
It any time by the Board of Directors, and on the
equisition of the holders of one-ffth of the
apital stock issued it shall be their duty to call
UGH meetings for the purpose Of amending this
,harter and consideration of and action upon all
ther business of the company, and all questions
rising at such meetings shall be determined by
majority OF the stock there present and voting.
q.
Dr. the election of directors and transaction of
he regular business shall be held on the second b
Wednesday in January of each year. II
ARTICLE VI. I
LIQUIDATION.
This corporation may be dissolved at general
leeting convened for that purpose with the as- |
ent OF three-fourths of the stock of the com
any and two thirds Of the stock represented at
lch meeting, and in case of such dissolution {
,e liquidation shall be conducted by three COM
lissioners elected by ballot at such meet ng. At
le termination of this Charter, the liauidation
nall be conducted by similar board of three |
to be in the same way elected at
general meeting Of stockholders convened for
le purpose. {
Thus done and passed, at my Office. in the
resence OF Andrew j. Armstrong and John w. e
unter, lawful witnesses residing in this CITY. !
no have hereunto signed their names as such,
gether with the said appearers and me, said
,tary, on the day, month and year herein first c
ritten, after reading the WHOLE
Original Signed), G. W. r. BAYLEY, U
]. A. GIRDNER, A
GEO. JONAS, C
JULIUS WEI1 II
HUI KENNEDY, f
DAVID WALLACE, la
E. B. WHEELOCK, 1C
E. L. RANLETT, J
JOHN H.KENNARD, E
CYRUS BUS,EY, A
JOHN pa ss{ 7; q Co. n
w. b. SCHMIDT,
SAM,L H. KENNEDY, Of
A. J. ARMSTRONG, B
JOHN w. HUNTER, b.
J. G. EUSTIS, Notary Public. ct
|, the undersigned Deputy Recorder of Mort
ges in and for the parish of Orleans, city of
w Orleans, do hereby certify that The above h,
d foregoing act Of incorporation of the sNew d
leans Pacific Railway Company" was this day "a
ly recorded in my Office, according to law, in n
ok 11S, folios 626, 627, 62S 629, $50, 631 and v
}. q,
New Orleans, June 20, 1875. ~
Original signed.) G. DARCANTEL, ar
Deputy Recorder.
certify the above and foregoing to be true 70
correct copy Of the original charter and GER To
tie Of recordation thereof, now extant in my ii