The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-25
CHARTER.

CHARTER.
upon, along or intersect, touch or cross, so al
not to impair its usefulness to the public unnec
essariy or If temporarily impaired in and during
the construction of the said railroads, the sai6
company shall restore the same to its former
state. or to such state that its usefulness anC
| CONVENIENCE to the public shall not be unneces
sarily impaired or injured, and the said company
shall not be required to construct a draw IN 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
anv rights, privileges or franchises that any OF
said parishes, cities or villages, may choose to
grant in reference to the construction, mainte-
nance management and use OF the railroads OF
said company, is depots, cara, locomotives and
its business, within the limits OF such or any OF
said parishes. cities and villages.
Eiehth-To appropriate property according to
existing laws.
NintR-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 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.
Eleventh-To borrow money or to purchase or
lease property on its own CT edit fer the purpose
of constructing and maintaining said railroads. or
establishing continuous and connecting lines as
hereinbefore provided; and as evidence OF the in
debte dness of said company for such loans, or
the purchase or lease OF such property, to issue
its corporate bonds or promlss0ry notes, bea ing
at sunb q the direct
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 nal or personal
property, or any portion OF the aS1he.
ARTICLE ~.
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 (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
Gil 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 shall see fit touching the govern
ment of said Company, the transfer of its stock
The election of its officers, the management and
1lsposiio 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-
tain 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 proxyfor each share
Of stock held by him for ninety days prior to
such election.
SEC. 8. Seven Of the directors shall constitute
quorum for the transaction of business, and
he number of directors may be increased or
diminished by ma ority vote OF stockholders III
interest at any regular meeting, provided the num-
Der shall not be less than seven nor more than
fifteen.
ARTICLE Y.
STOCKHOLDERS MEETINGS.
SEC. 1. Stockholders meetings may be called
It any time by the Board of Directors, and the
'equisiton of the holders OF one-hfth OF the
capital stock issued it shall be their duty to cal
such meetings for the purpose of amending this
Charter and consideration of and action upon all
,ther business of the company, and all questions
lrising 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
be 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, |
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 |
7ritten. after reading the whole
Original Signed) G. W. r. BAILEl,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HU. KENNEDY,
DAVID WALLACE,
j. B. WHEELOCK,
Z. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSoEY,
(By L.. Gu
JOHN PHELPS,
W. B SCHMIDT
SAM'L I'll. KENNEDY,
A. J. ARMSTRONG,
JOHN w. HUNTER,
J. G. EUSTIS. Notary Public.
/, the undersigned Deputy Recorder Of Mort
ages in and for the parish Of Orleans, city Of
ew Orleans, do hereby certify that the above
nd foregoing act of Incorporation of the New
rleans Pacific Railway Company" was this day
1ly recorded in my office, according to law, in
ook 11S, foIios 626, G27, 62S, 629, $50, 631 and
r.
New Orleans, June 20, 1875.
Original signed.) G. DARCANTEL,
Deputy Recorder
I certify the above and forego to be true
i'd correct copy Of the original charter and cer-
ficate of recordation thereof, now eXtant III my
TRENT register.
In faith, whereof, grant these presents under
V hand and the impress Of my official seal, this
day Of July, A. D. 1875.
j. G. EUsTIS, Notary Public.
jy6 I'm IS Carondelet street.
STATE OF LOUISIANA,
AR1sH OF ORLEANS, CITY OF New ORLEANS.
BE IT KNOWN, that OF this Eighteenth day