The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-13
CHARTER.


h the construction of the said railroads, the sal
= company shall restore the same to its torme
. state or to such state that its usefulness AM
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 1.-THE railroads o
said company, depots, cars, locomotives ant
its business, within the limits OF such or any
said parishes, cities and villages.
Eighth-To appropriate property according tt
, existing laws.
hinth-To cross, intercept, join and unite it:
railways, and prorate with any other railroad
heretofore or hereafter constructed III the State
of Louisiana, or any other State, at any point
upon it's route and upon the ground Of eucE
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.
4 Eleyenth-To borrow money or to purchase OF
lease property on its own credit for the purpose
of constructing and maintaining said railroads or
| 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 or 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
| full money of the United States at such times and
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 and
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 Conpa.
| 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 {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 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
ment of said Company, the transfer of its stock
the election of its officers, the management and
disposition OF its business, property and effects,
the powers and conduct of its officers and agents,
ana all other matters which shall in any way per-
tam to the concern of the Company
SEC. 2. All election for directors shall be by
ballot, and every stakeholder shall be emit led
to one vote in person or by proxy for each shsre
of stock held by him for ninety days prior to
such election.
SEC 3 Seyen of the directors shall cons titu+a
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 num-
Der shall not be less than seven nor more than
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
Sec. l. Stockholders meetings may be called
at any time by the Board of Directors, and on the
requisition of the holders Of one-tfth 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. 2. The annual meeting of the stockholders
for the election of directors and transaction of
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-fou1ths of the stock of the COM
pany and two thirds of the stock represented at
such meeting, and IN case OF such dissolution
the liquidation shall be conducted by three COM
missioners elected by ballot at such meet pg. At
the termination of this Charter, the liquidation
shall be conducted by similar board of three
commissioners, to be in the same way elected at
general meeting Of stockholders convened for
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 as such, |
together with the said appearers and me, said
notary on the day, month and year herein first |
written, after reading the whole.
Original Signedl G. W. X. BAYLEY,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEIs,
HU. KENNEDY,
DAVID WALLACE,
+. B. WHEEL OCK,
E. L. RANLETT,
JOHN FL. KENNARD,
CYRUS BUSoEY
(By L. & Gu
JOHN PHELPS,
W.B. SCHMIDT,
SAM'L Fl. KENNEDY,
A. J. ARMSTRONG,
JOHN w. HUNTER,
]. G. EUSTIS. Notary Public.
l, the undersigned Deputy Recorder Of Mort
cages in and for the parish of Orleans, city of
New Orleans, do hereby certify that The above
and foregoing act OF incorporation OF the New
Orleans Pacific Railway Company" was this day
luly recorded in my Office, according to law, in
book 11S. folos 626, 627, 62S, 500, $50, 631 and
1872.
New Orleans, June 20, 1875
Original signed.) @. DARCANTEL,
Deputy Recorder.
I certify the above and foregoi q to be a true
md correct copy of the original charter and GER
ifcate of rec0rdation thereof, now extant in my
current register.
In faith, whereof, grant these presents under
ny hand and the impress of my official seal, this
ID day Of July, A. D. 1875.
J. G. EUSTIS, Notary Public.
i've I'm 35 Carondelet street.
Mrs. III. I. Elliott,