The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-14
CHARTER.


+ company shall restore the same to Its forme
!. state or to such state that its usefulness an
e CONVENIENCE to the public shall not be unnecet
sarily impaired or III ured, and the said compan
}. shall not be required to construct draw IN an
!, bridge over and across any stream or bayot
: except streams navigab!e by enrolled and Il
: censed vessels, and when required by law.
Seventh-Io obtain, by grant or otherwise
from any parish, city village within this State
any rights, privileges or franchises that any @
! said parishes cities or villages may choose t.
grant in reference to the construction, malute
nance management and use the railroads o
said company, i depots, cars, locomotives am
its business, within the limits OF such or any o
said parishes cities and villages.
Eiehth-To expropriate property according II
? existing laws.
Ninth-To cross, intercept, Join and unite it
railways, and prorate with any other railroad
heretofore or hereafter constructed in the Sta t.
Of Louisiana, or any other State, at any poin
upon its route and upon the ground of eucl
other railroad, with the necessary turn-outs
| sidings, switches and other conyeyances, II
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 o.
this company.
Eleventh-To borrow money or to purchase OF
ease property GA its own credit, fer the purpose
of constructing and maintaining said railroads OF
establishing continuous and connecting ilnes as
hereinbefore provided; and as evidence OF the H.
debtedness OF said company for sach loans, OF
the purchase or lease OF such property, to issue
its corporate bonds or promlssory notes, bea ing
interest at such rate per aunum as the directory
may eject, and made payable III 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. l. The corporate powers of this Conpa.
| ny 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 to
| time be appointed by such board. No person
shall be director who is not the actual owner OF
1T least ten (l0) shares of the capital stock of
| said CompSny. 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 aud regulations,
and from time to time alter, amend ana revoke
The same MS they shall see lit 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 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 entitled
to Dne vote in person or by proxy fer each share
of stock held by him for ninety days prior to
such election.
SEC. 3. Seven Of the directors shall constitute
quoiem 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 thar seven nor more than
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS,
SEC. 1. Stockholders meetings may be cslled
at any time by the Board of Directors, and OF the
requistion of the holders CT one-ffth of the
capital stock issued it shall be their duty to call
such meetings for the purpose Ct amending this
Charter and consideration OF and action upon all
other business Of the company, and al 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
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.
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 at |
such meeting, and in case of such dissolution |
the liquidation shall be conducted by three com
elected by ballot at such meet ng. at |
the termination of this Charter, the liquidation |
shall be conducted by similar board of three |
to be in the same way elected at |
a general meeting OF stockholders convened for |
the purpose.
Thus done and passed, at nay 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,
f. B. WHEELOCK,
e. l.. RANLETT
JOHN H. KENNARD,
CYRUS BUS-EY,
JOHN PHELPs, N'''
W. B. SCHMIDT
SAM'L II. KENNEDY,
A. J. ARMSTRONG,
JOHN W. HUNTER
J. G.. EUSTIs. Notary Public.
l. the undersigned Deputy Recorder OF Mort
cages in and for the parish Of Orleans city of
Sew Orleans, do hereby certify that the above
nd foregoing act of incorporation of the '.New
orleans Pacific Railway Company" was this day
uy recorded in my office, according to law, in
ook 11S, foios 626, 627, 628, 629, $50, 631 and
80.
New Orleans June 20, 1875.
Original signed) G. DARCANTFL,
Deputy Recorder.
I certify the above and foregoir to be true
nd correct copy of the original charter and GER
fcate of recordation thereof, now extant in my
urrent register.
In faith, whereof, I grant these presents under
~ hand and the impress of my official seal, this
d day Of July, A. d. 1875.
J. G. EUSTIS, Notary Public {
jy6 I'm 35 Caropdelet street.
Mrs. III. 4. Elliott,
ARTIST