The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-18
CHARTER.

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 it's 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 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, e depots, ears, locomotives and
| 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 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
| 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 its 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 Corporate bonds or promissory notes, bearing
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 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. l. The corporate powers Of this Compa.
ny shall be vested Ill a Board of Directors COM
posed of fifteen stockholders to be elected in
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 (1O) 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 ana revoke
the same as they shal see fit touching the govern
ment Of said Company, the transfer of its stock
the election of it's 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. ALI election for directors shall be by
ballot, and every stakeholder shall be emit led
to one vote in person or by proxy for each share
of stock held by him for ninety days prior to
such election.
SEC g. Seven of the directors shall constitute
a quorum for the transaction OF business, and
the number of directors may be increa sed 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 called |
at any time by the Board of Directors, and ON the
requisition of the holders Of one-tifth of the |
capital stock issued it shall be their duty to call
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. 2. The annual meeting of the stockholders
or the election of directors and transaction of |
he regular business shall be held on the second |
Wednesday in January Of each year.
ARTICLE VI.
LIQUIDATION.
This corporation may be dissolved at general |
meeting 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 |
uch meeting, and in case OF such dissolution
he liquidation shall be conducted by three COM
nissioners elected by ballot at such meet ng. At
he termination of this Charter, the liquidation
hall be conducted by similar board of three
to be in the same way elected at
general meeting Of stockholders convened for
he purpose.
Thus done and passed, at my Office, in the
resence of Andrew J. Armstrong and John W.
1unter, lawful witnesses residing in this city,
rho have hereunto signed their names a, such, |
ogether with the said appearers and me, said
otary, on the day, month and year herein first
,ritten, after reading the whole.
Original Signedl G. W. r. BAYLEY,
j. A. GIRDNER,
GEO. JONAS,
JULIUS WEN,
HU. KENNEDY,
DAVID WALLACE,
F.B. WHEELOCK.
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSoEY,
JOHN PHELPS 4Rf p: '''
w. B. SCHMIDT,
SAM'L H. KENNEDY, {
A. J. ARMSTRONG,
JOHN W. HUNTER,
J. G. EUSTIS, Notary Public. {
L, the undersigned Deputy Recorder OF Mort
ages in and for the parish of Orleans, city of
ew Orleans, do hereby certify that the above l
I'd foregoing act of incorporation of the "New I
rleans Pacific Railway Company" was this day !
lily recorded in my Office, according to law, in
,ok 118, foios GIG, 627, 62S, 629, $50, 631 and
2. f
New Orleans, June 20, 1875.
Original signed.) G. DARCANTEL, a
Deputy Recorder.
I certify the above and foregoing to be true &
ID correct copy of the original charter and GER &
icate of recordation thereof now extant in my I
trent register. a
In faith, whereof, grant these presents under q
y hand and the impress of my official seal, this
day Of July, A. D. 1875. u
J. G. EUSTIS, Notary Public
i've I'm IS Carondelet street.
STATE OF LOUISIANA, il
IRISH OF ORLEANS, CRY OF New ORLEANS. b
BE 1T KNOWN, that, on this Eighteenth day !,
the month of June, in the year of our Lord, u
e thousand eight hundred and seventy-iye o.
d of the Independence of the United States of e.
nerica the ninety-ninth, OF
Before me. JOHN G. EUSTIS, Notary Pub
, in and for this City and Parish of Orleans,