The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-09
CHARTER.


pike or canal which its said railways may so pas
upon, along or intersect touch or cross, so a
| not to impair its usefulness to the public unpet
I essarly; or if temporarily impaired IN and durin
the construction of the said railroads, the sal
= company shall restore the same to its forme
state, or to such state that its usefulness an
CONVENIENCE to the public shall not be unneces
: sariiy 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 of the railroads O
said company, i depots, cars, locomotives anC
it's business, within the limits of such or any
said parishes. cities and villages.
existing laws.
Ninth-To cross, intercept, join and unite It'll
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-out s,
| sidings, switches aud 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 credit for the purpose
OF constructing and maintaining said railroads or
establishing continuous aud connecting lines az
hereinbefore provided, and as evidence Of the in
debtedness OF said company for such loans, or
the purchase or lease of such property, to issue
it's Corporate bonds or promissory notes, bearing
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
ment OF said bonds or notes, to mortgage and
pledge its railroads, its capital stock its corpo-
rate franchises and any Of it's real or personal
property, or any portion OF the same.
ARTICLE ~.
BOARD OF DIRECTORS.
Sec. l. The corporate powers of this Comma.
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
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 dir 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 fit touching the govern
ment OF said Company, the transfer of it's stock |
The election OF it's officers, the management aud |
disposition OF its business property and effects,
IND all other matters which shall in any way per-
AIN to the concern Of the Company
SEC. 2. All election for directors shall be bv
ballot, and every stakeholder shall be entitled
n anrN hvyv. Co. u
II stock held by him for ninety days prior to
uch election.
SEC. 3. Seven of the directors shall constitute
. quorum for the transaction of business, and
ne number OF directors may be increased or
diminished by majority vote of stockholders in
interest at any regular meeting, provided the num-
'er shall not be less than seven NOR more than
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
t any time by the Board Of Directors and on the I
OF the holders OF one-tifth Of the
aptal stock issued it shall be their duty to call
UGH meetings for the purpose Of amending this s
harter and consideration of and action upon ali !
Their business Of the company and all questions f
rising at such meetings shall be determined by | ]
majority Of the stock there present and voting In
SEC. 2. The annual meeting of the ockholders h
II the election of directors and transaction of |
Re regular business shall be held on the second y
'ednesday in January of each year. t.
ARTICLE vi. e
LIQUIDATION.
This corporation may be dissolved at general g
Getting convened for that purpose with the as d
mt OF three-fourths of the stock of the COM p
my and two thirds Of the stock represented at fl
Ich meeting, and in case OF such dissolution e
70 liquidation shall be conducted by three com. b
issioners elected by ballot at such meet ng. At a.
q termination OF this Charter, the Liquidation
all be conducted by similar board of three p
hn al
general meeting Of stockholders convened for ct
e purpose. Ell
Thus done and passed. at my Office. in the
essence OF Andrew j. Armstrong and John W. el
inter, lawful witnesses residing in this CITY. tt
10 have hereunto signed their names as such
yether with the said appearers and me, said
tary, on the day, month and year herein first CO
ltten, after reading the whole. B,
Original Signed) G. W. r. BAYLEY, NJ
]. A. GIRDNER, Al
GEO. JONAS, 10.
JULIUS WEII. III
HUI. KENNEDY, R.
DAVID WALLACE, A.
4. B. WHEELOCK. G..
E. L. RANLETT, J.
JOHN H. KENNARD, II.
CYRUS BUSoEY, A.
JOHN pA FL 7: & Co. M;
W. b. SCHMIDT, Pr
SAM'L H. KENNEDY, on
A. J. ARMSTRONG, 30
JOHN W. HUNTER, hel
G. EUSTIS, Notary Public. Ger
the undersigned Deputy Recorder of Mort
es in and for the parish of Orleans CITY of G
' Orleans, do hereby certify that the above ha,
FOREGOING act of Incorporation of the s.New me-
cans Pacific Railway Company" was this dav ~ ~
recorded in my Office according to law. in 9 9si
1lS. foios 626, 627, 62S, 629, $50, 63l and VI
ew Orleans, June 20, 1875. I've I've
" n ni.oA nEL' and
certify the above and foregoing to be true ,o;r
correct copy of the original charter and Ger 20
ate OF recordation thereof now extant in nv III
ent register. LII
faith whereof, grant these presents under s am.
hand and the impress of my official seal, this g.
ay of July, A. d. 1875. ,,n .,
j. G. EUSTIs, Notary Public un''
} I'm 35 Carondelet street. d,
STATE OF LOUISIANA, shall
sH OF ORLEANS, CRY OF New ORLEANS ject
1T KNOWN, that, on this Eighteenth day tran
g month OF June, in the year Of our Lord. the
thousand eight hundred and seventy-fve. or e1
Of the Independence of the United States of exec
RIGA the ninety NINTH ONE
fore me. JOHN G. EUSTIS, Notary Pub
and for this City and Parish of Orleans NJ