The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-16
CHARTER.

CHARTER.
not to impair its usefulness to the public unnec-
essarily; or if temporarily impaired IN ana uulS
the construction of the said railroads, the salo
company shall restore the same to Its FORMER
state. or to such a state that its usefulness ana
CONVENIENCE to the public shall not be unneces-
sarily impaired or injured, and the saio co!npan
shall not be required to construct uraw - any
bridge over and across any stream or bayou,
except streams nayigable by enrolled ana IL
censed vessels, and when required by law.
Seventh-To obtain, by grant or otherwise
from any parish, city or village within THIS otase
any rights, privileges or franchises that any OF
said parishes, cities or villages, may choose TO
Grant in reference to the construction, mamie.
nance management and use 1.-THE railroads OF
said company. depots, cars locomotives ana
it business, within the lmts Oh SUCH Ut ANY u
said parishes, cities and villages.
Eiehth-To appropriate property according 70
Ninth-To cross, intercept, join and unite its
RAILWAYS, and prorate with any other railroao
heretofore or hereafter Ia v ,ont
upon it's route and upon the ground OF sucn
other railroad, with the necessary turn-outs,
sidings, switches and other conveyances' IN
furtherance Of the objects OF Its connexions
Tenth-To purchase or lease from any rallroao
company or corporation, at any authorized SAFE
any railroad and the charter, franchises, PIop,
erty and appurtenances thereof, and MAINTAIN
and use the same as a part OF the property OF
this company.
lease property on its own credit, for the purpose
of constructing and maintaining said rallroaos or
establishing continuous and connecting nnes DIS
hereinbefore provided and as evidence OF the III
debtedness Of said company for such loans, or
the purchase or lease OF such property to issue
it's corporate bonds or promssory notes, pea ing
interest at such rate per annum as the directory
NAV elect, and made payable IN gold or the law,
full money of the United States at such tunes anu
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 ana
pledge it's railroads it's capital stock, its corpor-
ate franchises and any OF its real or personal
property, or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS.
SEC. 1. The corporate powers OF this Compa'
| nv 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 QO) shares OF the cap'tal STOCK OF
aaid 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 ana revoke
the same as they shall see fit touching the govern
ment of said Company, the transfer OF its stock:
| the election of its officers, the management and
disposition 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 2. Ali election for directors shall pc Dy
ballot, and every stakeholder shall be entitled
| to one vote in person or by proxyfor each snare
of stock held by him for ninety days prior to
| such election. ~
| a quorum for the transaction OF business, and
| the number of directors may be increased or
diminished by majority vote Of stockholders in
interest at any regular meeting, provided the mum
Der shall not be less than seven nor more than
| fifteen.
STOCKHOLDERS MEETINGS.
SEC. 1. Stockholders meetings may be called
at any time by the Board Of Directors, and on the
reouisition of the holders Of one-ffth OF the
capital stock issued it shall be their duty to cal!
such meetings for the purpose OF amending this
Charter and consideration OF and action upon all
other business of the company, and all questions
arising at such meetings shall be determined by
majority of the stock there present and voting
SEC. g. The annual meeting OF the stockholders
for the election of directors and transaction Of
AASAN> 80 N~~~
Wednesday in January OF each year.
ARTICLE vi.
i LIQUIDATION.
This corporation may be dissolved at genera
meeting convened for that purpose with the as
: sent of three-fourths of the stock OF the com
pany and two thirds of the stock represented
such meeting, and in case OF such dissolution
} the liquidation shall be conducted by three com
mssioners elected by ballot az such meet Dg.
| 49, Of Charter
shall be conducted by similar board OF three
commissioners, to be in the same way elected a
a general meeting OF stockholders convened To-
the purpose.
presence of Andrew J. Armstrong and John w
Hunter, lawful witnesses residing In this city
, who have hereunto signed their names as such
together with the said appearers and me, SAT-
notary, on the day. month and year herein frs
written, after reading the whole
(Original Signed) G. W. r. BAYLEY,
ia. GIRDNER,
!, GEO. JONAS,
JULIUS WEIS,
HU. KENNEDY,
DAVID WALLACE,
+. B. WHEELOCK,
E. L. RANLETT,
!, JOHN 81. KENNARD,
CYRUS BUS,EY.
! (By L. & G.,)
JOHN PHELPS,
!, WI SCHMIDT,
SAM'L FL. KENNEDY,
! A. J. ARMSTRONG;,
JOHN w. HUNTER,
JIG. EUSTIS. Notary Public.
: / the undersigned Deputy Recorder OF Mort
. cages in and for the parish OF Orleans, city
New Orleans, do hereby certify that The abov
, and foregoing act of incorporation OF the Ne
! Orleans Pacific Railway Company" was this da
T duly recorded in my Office, according to law, i
, book 11S, foios 626, 627, 62S, 629, 63O, 631 an
, 632.
. New Orleans, June 20, 1875
i Original signed.) e. DAkoANIEL,
q Deputy Recorder.
I certify the above and foregoi to be tru
! and correct copy of the original charter and Gel
; tfcate of recordation thereof, now extant in m
I current register.
> In faith, whereof, I grant these presents unde
! nv hand and the impress Of my official seal, til
. Sd day of July, A. D.. 1875.
J. G.. EUSTIS, Notary Public.
iy6 I'm 35 Carondelet street.
! Mrs. III. T. Elliott.