The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-08
CHARTER.

pike OF cduAl WHICH ltb b6IO fdilWdyb may 30 pas
upon, along or intersect, touch or cross, SO q
not to impair its usefulness to the public unnee
essarily; or il temporarily impaired IN and durn
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
sarily impaired or injured, and the said compan
shall not be required to construct Q draw in an
bridge over and across any stream or bayou
| except streams navigable by enrolled and
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 Il
grant in reference to the construction, mainte
nance, management and use Of the railroads O
its business, within the limits Of such or any o
said parishes, cities and villages.
EiRhth-To appropriate property according t.
existing laws. 5s ff4f r. s2
Ninsh-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 poin
upon it's route and upon the ground of kuct
other railroad, with the necessary turn-outs
sidings, switches and other conveyances, il
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 OF
lease property on its own credit, for the purpose
establishing continuous and connecting lines as
hereinbefJGe provided, and as evidence of the in
debtedness OF said company for such loans, OF
the purchase or lease OF such property, to issue
its Corporate bonds or promissory notes, bearing
intere st at such rate per annum as the directory
may elect, ard 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 rporations, and for securing the pay
ment Of said bonds or notes, to mortgage and
pledge its railroads. it's capital stock, its corpo-
rate franchises and any OF its real or personal
property, or any portion OF the same.
ARTICLE ".
BOARD or DIRECTORS. l, d.
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 leas: 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 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,
and from time to time alter, amend anu 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
deposition of its business, property and effects
he powers and conduct of its officers and agents,
ma all other matters which shall in any way per-
AIN to the concern of the Company.
SEC q All a1QctiOn for hall hi
,allot, and every stakeholder shall be emit led
o one vote in person or by proxy for each share
IT stock held by him fof 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 msy be increased or
diminished by ma jOrity vote of stockholders in
interest at any regular meeting, provided the num-
,er shall not be less than seven nor more than
fifteen.
ARTICLE v.
STOCKHOLDERS MEETINGS.
SEC. /. 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
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 ali 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
,r the election Of directors and transaction of
he regular business shall be held on the second
Fednesday in January of each year.
ARTICLE vi.
p LIQUIDATION.
This corporation may be dissolved at a 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 |
lch meeting, and in case OF such dissolution |
10 liquidation shall be conducted by three COM |
lissioners elected by ballot at such meet ng At |
le termination Of this Charter, the liquidation |
nall be conducted by q similar board of three
to be in the same way elected at /
general meeting OF stockholders convened for |
re purpose. .ggf3a. .ta
Thus done and passed, at my Office, in the |
resence Of Andrew J. Armstrong and John W.
unter, lawful witnesses residing in this city,
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 |
ritten, after reading the whole.
Original Signed) G. w. X. BAYLEY,
]. A GIRDNER,
GEO. JONAS,
JULIUS WEIl,
s HUI KENNEDY,
DAVID WALLACE,
E. B. WBEELOCK,
q e. L. RANLETT,
rfu JOHN H. KENNARD,
CYRUS BUSsEY,
JOHN PhELPS, |
W. B. SCHMIDT,
sAM'L Il. KENNEDY,
A. J. ARMSTRONG,
JOHN W. HUNTER,
J. G.. EUSTIS, Notary Public. |,
l, the undersigned Deputy Recorder of Mort
ges in and for the parish of Orleans, city OIL
w Orleans, do hersby certify that the above
d foregoing act OF incorporation of the s'New
leans Pacific Railway Company" was this day
ly recorded in my Office, according to law, in
ok 11S, folios 626, 627, 62S, 629, $50, 631 and
D. q
New Orleans, June 20, 1875 I
Original signed.) G. DARCANTEL, J
Deputy Recorder.
certify the above and foregoing to be true I
correct copy of the original charter and Ger /
cate Of recordation thereof, now extant in my |
trent register.
n faith, whereof, T grant these presents under .
hand and the impress Of my official seal, this
day Of July, A. D. 1875. Il
J. G. EUSTIS, Notary Public.
y6 I'm IS Carondelet street.
STATE OF LOUISIANA, e
RIsH OF ORLEANS, City OF New ORLEANS (
BE 1T KNOWN, that, on this Eighteenth day Il
he month Of June, in the year Of our Lord, Il
} thousand eight hundred and seventy-five, O
l<.R% - t. A. |