The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-18
CHARTER.

essarily; il temporarily impaired IN ana curing
the construction of the said railroads, the sale
company shall restore the same to Its former
state, or to such state that its usefulness ano
CONVENIENCE to the public shall not be unneces
sarily impaired or injured, and the said company
shall not be required to construct draw III any
bridge over and across any stream or bayou
except streams navigable by enrolled and IL
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, malnte
nance management and use the railroads OF
said company, i depots, cars, locomotives ano
its business, within the limits of such any Of
said parishes. cities and villages.
Eiehth-To appropriate property according &c
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
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 author lZed 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.
Elevanth-To borrow money or to purchase OF
lease property GA its own edit fer the purpose
OF constructing and maintaining said railroads OF
establishing continuous and connecting ines as
hereinbefore provided; and as evidence of the In
debtedness OF said company for such loans, OF
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.
ful money of the United States at such times ano
places as may be deemed most to the advantage
4In nd
ment of said bonds or notes, to mortgage ano
pledge its railroads. Its 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 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 tc
time be appointed by such board. No person
shall be director who is not the actual owner OF
1T 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 c
fill vacancies in their number caused by death
resignation or otherwise. The di 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 anu revoke
the same as they shall see tit touching the govern
ment Of said Company, the transfer OF its stock
the election of its officers, the management and
DISPOSE ion of its business, property and effects,
the powers and conduct of its officers and agents
anu all other matters which shall III any way per.
ia n 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 TIC
such election.
SEC 8. Seven of the directors shall constitute
a quorum for the transaction Of business, and
the number of directors may be increased OF
diminished by majority vote OF stockholders IL
interest at any regular meeting, provided the mum
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
SEC. l. Stockholders meetings may be called
st any time by The Board of Directors, and on the
reauisition of the holders OF one-fifth 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
a majority Of the stock there present and voting
SEC Q. The annual meeting of the stockholders
for the election of directors and transaction oil
the 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
sent of three fourths of the stock OF the COM
pany and two thirds of the stock represented al
such meeting, and In case OF such dissolution
the liquidation shall be conducted by three COM
nissioners elected by ballot a. such meet ng. al
the termination of this Charter, the liquidation
shall be conducted by similar board of three
commissioners, to be in the same way elected al
a general meeting of stockholders convened FOL
the purpose.
Thus done and passed, at my office, in the
presence of Andrew J. Armstrong and John W
Hunter, lawful witnesses residing in this city
who have hereunto signed their names such
together with the said appearers and me, said
notary, on the day, month and year herein tirs,
written after reading the whole.
Original signeD CIV. r. BAYLEY,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HUI. KENNEDY,
DAVID WALLACE,
F.B. WHEELOCK,
E. L. RANLETT.
JOHN Fl. KENNARD,
CYRUS BUS>EY.
JOHN paELP p "
W.. SCHMIDT,
SAMII ID. kENNtD1,
A. J. ARMSTRONG;,
JOHN W. HUNTER,
JIG. EUSTIS. Notary Public.
l the undersigned Deputy Recorder OF Mort
cages in and for the parish Of Orleans city o.
New Orleans, do hereby certify that The above
and foregoing act of incorporation OF the New
Orleans Pacific Railway Company" was this day
dnv recorded in my office, according to law IL
book 11s. folos 626, 627, 62S, 629, $50, 63l and
632
New Orleans, June 20, 1875.
Original signed.) c. DARCANTEL,
Deputy Recorder.
certify the shove and foregoi & to be true
and correct copy Of tho original charter and Ger
tificate of rec0rdation thereof, now extant in ny
current register.
In faith, whereof, grant these presents nndel
my hand and the impress of my official seal, thin
Sd day of July, A. d. 1873.
J. 6. EUSTIS, Notary Public.
i've I'm 81 Carondelet street.
Mrs. III. 4. Elliott.