The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-10
CHARTER.

upon, along or intersect, touch or cross 80 az
not to impair its usefulness to the public unnec
essarily; or it temporarily impaired IN and during
the construction Of the said railroads, the said
company shall restore the came to its former
state, or to such state that its usefulness and
CONVENIENCE to the public shall not be unneces.
sarily impaired or injured, and the said company
shall not be required to construct draw In any
bridge over and across any stream or bayou,
except streams navigable by enrolled and Ii
censed vessels, and when required by law.
Seyenth-Io obtain, by grant or otherwise,
from any parish, city village within this State
any rights, privileges or franchises that any Of
said parishes, cities or villages, may cheese to
grant in reference to the construction mainte-
nance, management and use of the railroads of
said company, depots, cars, locomotives and
said parishes, cities and villages.
Ella hth-Io appropriate property according to
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 its route and upon the ground of such
other railroad, with the necessary turn-outs,
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 main taining said railroads or
establishing continuous and connecting lines as
hereinbefole provided and as evidence of the in
debtedness of said company for such loans, or
the purchase or lease of such property, to issue
| its Corporate bonds or promissory notes, bearing
intere at 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 corpoI atoms, and for securing the pay
ment of said bonds or notes, to mortgage and
pledge it's railroads, its capital stock, its corpo-
rate franchises and any OF its real or personal
property, or any portion OF the same.
ARTICLE Nv.
BOARD OF DIRECTORS.
SEC. l. The corporate powers of this Compa.
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 Q0) 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 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 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 manag ement and
disposition of its business, property and effects
the powers and conduct Of its officers and agents
anu all other matters which shall in any way per-
tam to the concern of the Company.
Sec. q ALI election for directors shall be bv
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. 3. Seven of the directors shall constitute |
a quorum for the transaction OF business, and |
the number of directors may be incres 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. /. Stockholders meetings may be ca lied |
at any time by the Board of Directors, and on the
requisition of the holders Of one-ffth 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 bs determined by
a majority Of the stock there present and voting.
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-fourths OF the stock of the COM
oany and two thirds Of the stock represented at
such meeting, and in case of such dissolution
he liquidation shall be conducted by three COM
nissioners elected by ballot at such meet n.y. 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
presence of Andrew J. Armstrong and John W.
Hunter, lawful witnesses residing in this city
Who have hereunto signed their names as such,
ogether with the said appearers and me, said
rotary, on the day. month and year herein first
written, after reading the whole.
Original Signed) g. w. X. BAYLEY II
j. A. GIRDNER,
GEO. JONAS, IL
JULIUS WEII r
HUI. KENNEDY, ]
DAVID WALLACE, 1
+. B. WHEELOCK, {
E. L. RANLETT, ]
JOHN FL. KENNARD,
CYRUS BUSoEY,
by L. & Co. IN
JOHN PHELPS,
b SCHMIDT,
SAM'L H. KENNEDY, O
A. ]. ARMSTRONG, I
JOHN w. HUNTER, b
J. G. EUSTIS, Notary Public. C
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 h
nd foregoing act of Incorporation of the "New T
rleans Pacific Railway Company" was this day .
uly recorded in my Office, according to law in Z
ook 11S, folios 626, 627, 62S, 629, $50, 631 and
p. q
New Orleans, June 20, 1875. Il
Original sgned.) C. DARCANTFL, a
Deputy Recorder.
I certify the above and foregoing to be true :.
I'd correct copy Of the original charter and Ger te
icate of recordation thereof now extant in my d
lrrent register. a,
In faith, whereof, Lgrant these presents under a.
y hand and the impress Of my official seal, this
day of July, A. D. 1875. II,
]. G. EUSTIS, Notary Public.
jy6 I'm 35 Carondelet street.
STATE OF LOUISIANA, ! 81
ARIsH OF ORLEANS, CITY OF New ORLEANS ( le
BE 1T KNOWN, that, on this Eighteenth day tr
the month Of June, in the year OF our Lord, til
e thousand eight hundred and seventy-fve, or
d Of the Independence of the United States of ez
nerica the ninety ninth, or
Before me, JOHN G. EUSTIS, a Notary Pub
|, in and for this CITY and Parish of Orleans