The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-17
CHARTER.

pike or canal which its said railways may 80 pass
upon, along or intersect, touch or cross, SO al
not to impair its usefulness to the public unnec
essarly; or if temporarily impaired in and during
| the construction of the said railroads, the sale
company shall restore the same to its former
state, or to such state that its usefulness anG
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,
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, i 8 depOts, cars, locomotives and
its business, within the limits of such or any of
said parishes, cities and villages.
Eighth-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 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 as 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 as evidence of the in
debtedness OF said company for such loans, or
the purchase or lease OF such property, to issue
it's 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, it's capital stock its corpor
ate franchises and any Of its real or personal
or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS.
SEC. 1. 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
nually, and continue in Office until others are
elected to fill their place, and shall have power to
ill vacancies in their number caused by death,
designation 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,
md from time to time alter, amend ana revoke |
he same as they shall see fit touching the govern
nent Of said Company, the transfer of its stock |
he election of its officers, the management and |
disposition of it's business, property and Effects
he powers and conduct of it's officers and agents.
nj all other matters which shall in any way per
ain to the concern of the Company.
n Il D.. Il.
,allot, and every stakeholder shall be emit, led |
o one vote in person or by proxyfor each share
# stock held by him for ninety days prior to
UGH election.
SEC 3. Seven of the directors shall constitute
quorum for the transaction of business and
he number of directors may be increased or
by majority vote of stockholders in
interest at any regular meeting, provided the num-
er shall not be less than seven nor more than
fteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
SEC. 1. Stockholders meetings may be called
t any time by the Board of Directors, and on the
equisition of the holders Of one-ffth of the
aptal 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.
SEC. 2. The annual meeting of the stockholders
,r the election of directors and transaction of
ne regular business shall be held on the second
in January of each year.
ARTICLE vi.
LIQUIDATION.
This corporation may be dissolved at a general
eeting convened for that purpose with the as
INT 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
le liquidation shall be conducted by three COM
issioners elected by ballot at such meet n.y. At
lie termination Of this Charter, the liquidation
lall be conducted by similar board of three
to be in the same way elected at :
general meeting of stockholders convened for {
e purpose
Thus done and passed, at my office, in the 8
essence Of Andrew j. Armstrong and John W. /
unter, lawful witnesses residing in this city,
DO have hereunto signed their names as such,
gether with the said appearers and me, said
,tsry, on the day, month and year herein first
'itten. after reading the whole
Original Signed) G. w. X. BAYLEY,
ia. GIRDNER,
GEO. JONAS,
JULIUS WEI1
HUI. KENNEDY,
DAVID WALLACE, =
+. D. WHEELOCK, :
E. L. RANLETT, :
JOHN H. KENNARD, I
CYRUS BUSSEY,
JOHN PHELPS iEE ?; q Gu
w. B. SCHMIDT,
SAM'L Fl. KENNEDY, y
A. J. ARMSTRONG, =
JOHN w. HUNTER,
!. G. EUSTIS. Notary Public. q
!, the undersigned Deputy Recorder Of Mort
yes in and for the parish of Orleans, city of
W Orleans, do hereby certify that the above b
foregoing act Of incorporation of the "New D
cans Pacific Railway Company was this day So
y recorded in my office, according to law, in &:
X 11s, folios 626, 627, 62S, 629, $50, 6s1 and
lew Orleans, June 20, 1875. tI
Original signed.) G. DARCANTEL, al
Deputy Recorder.
certify the above and foregoi to be true ia
correct copy of the original charter and GER to
cate of recordation thereof, now extant in my D
rent register. an
n faith, whereof grant these presents under su