The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-07
CHARTER.

O
company shall restore the same to Its FORMER
state or to such state that its usefulness ana
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
eyceDt streams navigabe by enrolled and IL
censed vessels, and when required by law.
Seventb-To obtain. by grant or otherwise,
from any parish, city or village WITHIN ths State
any rights, privileges or franchises thst any OF
said parishes, cities or villages, may cnuoSe W
Grant in reference to the construction, mamie.
nance management and use the railroads OF
said company. i depots cars, locomotives and
it's business. within the limits of such or any OF
said parishes, cities and villages.
Elqhth-To appropriate property according 10
existing laws. -.
Ninth-To cross, intercept, join and unite Its
RAILWAYS and prorate with any other rallroau
heretofore or hereafter constructed III tue otate
of Louisiana, or any other State, at any point
upon its route and upon the ground OF sucn
other railroad, with the necessary turn-outs,
sidings, switches and other conyeyances, In
furtherance OF the objects of its connections.
Tenth-To purchase or lease from any railroad
company or corporation, at any authorized SAFE,
any railroad and the charter, franchises, prop
erty aud appurtenances thereof, and maintain
and use the same as part OF the property OF
this company.
Eleyenth-To borrow money or to purchase or
lease property on its own credit fer the purpose
establishing continuous and connecting lnes as
hereinbefore provided; and as evidence OF the III
debtedness of said company for such loans, or
the purchase or lease OF such property, to issue
It's corporate bonds or prom1ssory notes, bea ing
interest at such rate per annum az the directory
NAV 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 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 Compa.
nv shall be vested III 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
the same as they shall see tit touching the govern
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-
tain to the concern OF the Company.
SEC g All election for directors shall be by
ballot, and every stakeholder shall be emu led
to Dpe vote in person or by proxy for each share
of stock held by him Tor ninety DAYS prior 10
such election.
SEC. B. Seven of the directors shall constitute
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 auv time by the Board OF Directors, and on the
requisitior of the holders of one-tifth 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 q 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.
This corporation may be dissolved at general
meeting convened for that purpose with the as
sent of three-foufths of the stock of the COM
pany and two thirds of the stock represented at
such meeting, and i'll case OF such dissolution
the liquidation shall be conducted by three COM
missioners elected by ballot a. such meeting. 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 ray 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 Signed) G. W. r. BAYLEY,
j. A. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HU. KENNEDY,
DAVID WALLACE,
y. 3. WHEELOCK,
E. L. RaNLETT,
JOHN H. KENNARD,
CYRUS BUSoEY,
JOHN PHELPS,
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
New Orleans, do hereby certify that The above
and foregoing act of incorporation of the 'New
Orleans Pacific Railway Company" was this day
duly recorded in my Office, according to.law, in
book 11S. folios GIG, 627, 628, 629, $50, 631 and
632.
New Orleans June 20, 1875.
Original signed.) G. DARCANTEL,
Deputy Recorder.
certify the above and foregoi to be a true
and correct copy of the original charter and GER
tfcate of recordation thereof, now extant in my
current register.
In faith whereof, grant these presents under
my hand and the impress of my official seal, this
Sd day of July, A. D. 1875.
J. G. EUSTIS, Notary Public.
i've I'm IS Carondelet street.
Mrs. III. L. Elliott,