The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-21
CHARTER.

pike or canal which its said railways NAV so pas
upon, along or intersect, touch or cross SO
not to impair its usefulness to the public unne,
essarily; or if temporarily impaired 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 an
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 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 O
said parishes, cities or villages, may choose te
grant in reference to the construction, mainte
nance, management and use of the railroads o
said company, depots, cars, locomotives ant
it's business, within the limits of such or any O
said parishes. cities and villages.
Eiehth-To appropriate property according te
existing laws.
Ninth-To cross, intercept, join and unite it,
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 it's own credit for the purpose
OF constructing and maintaining said railroads or
establishing continuous and connecting lines as
hereinbefule 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 Corporate bonds or promissory notes, bearing
lntert st at such rate per annum as the directory
may elect, and made payable in gold or the law
fr11r ha
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. i. 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 Q0) 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 dif 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 and revoke |
the same they shall see fit touching the govern
ment of said Company, the transfer of its stock
the election OF it's officers, the management and |
DISPOSE ion OF it's business, property and effects,
the powers and conduct Of it's officers and agents.
ana all other matters which shall in any way per-
tain to the concern of the Company.
Sec. g. All election for directors shall be by
ballot, and every stakeholder shall be emit, led
IL.
IF stock held by him for ninety days prior to
such 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.
STOCKHOLDERS MEETINGS. -
Sec. |. Stockholders meetings may be called
It any time by The Board of Directors, and on the
equisition Of the holders Of one fifth of the
apital stock issued it shall be theirsduty to call
uch 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 q The annual meeting of the stockholders |
or the election of directors and transaction of
he regular business shall be held on the second
i
ARTICLE vi. Il
LIQUIDATION.
This corporation may be dissolved at general
leeting convened for that purpose with the as
emit OF three-fourths of the stock of the COM |
any and two thirds Of the stock represented at +
UGH meeting, and in case OF such dissolution {
he liquidation shall be conducted by three COM |
lissioners elected by ballot at such meet ng At a
ne termination Of this Charter, the liquidation
hall be conducted by similar board Of three T
1o. IL
general meeting of stockholders convened for G
le purpose. re
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, T.
no have hereunto signed their names as such
,gether with the said appearers and me, said
otary, on the day, month and year herein first c
ritten, after reading the whole. Z
Original Signedl G. W. r. BAYLEY, u
ia. GIRDNER, A
GEO. JONAS, O
JULIUS WEIS, I
HUI. KENNEDY,
DAVID WALLACE A
j.. B. WHEELOCK,
E. L. RANLETT, J.
JOHN H. KENNARD, 3
CYRUS BUS5EY, A
JOHN PHELPS Ell p: !" w. "
w. B. SCHMIDT, P
SAM'L Fl. KENNEDY, OF
A. J. ARMSTRONG, B
JOHN W. HUNTER, ht
J. G. EUSTIS, Notary Public. &C
|, the undersigned Deputy Recorder of Mort
ges in and for the parish of Orleans, city of
w Orleans, do hereby certify that The above he
d foregoing act of incorporation of the s'New D
leans Pacific Railway Company" was this day 50
ly recorded in my Office, according to law, in "a
ok 11S. folios 626, 627, 62S, 629, $50, 631 and "
}. fx
New Orleans, June 20, 1875. tn
Original signed.) @. DARCANTEL, an
Deputy Recorder.
certify the above and foregoing to be true taj
correct copy of the original charter and Ger to
ate of recordation thereof, now extant in my Di
rent register. an
n faith, whereof, grant these presents under an
hand and the impress of my official seal, this
day of July, A. d. 1875. I'm
J. G. EUSTIS, Notary Public.
y6 I'm IS Carondelet street.
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STATE OF LOUISIANA, iec
RIsH OF ORLEANS, CRY OF NEW ORLEANS. be
'E 1T KNOWN, that on this Eighteenth day ara ara
he month of June, in the year of our Lord lne
thousand eight hundred and seventy-fve OF
Of the Independence of the United States of eAl
erica the ninety ninth, one
,efore me- JOHN G. FIJSTIS a Notary Puh- =