The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-05
CHARTER.

essarlly; or II temporarily impaired III anu Jul
the construction Of the said railroads, the sale
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 draw IN an.
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
any rights, privileges or franchises Inat any % "
grant in reference to the construction, mamie,
nance. management and use OF the railroads OF
| said company, depots, cars, locomotives and
its business, within the limits OF such or any OF
said parishes, cities and villages. :, !,
Eiehth-To appropriate property according "
existing laws.
Ninth-To cross, intercept, join and unite its
railways and prorate with any other rallroao
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, ID
! furtherance Of the objects OF Its connections
Tenth-To purchase or lease from any faliroao
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 properly OF
| this company.
lease property on its own credit, for the purpose
of constructing and maintaining said railroads. or
establishing continuous and connecting ines as
hereinbefore provided; and as evidence or the IN
debtedness OF said company for such loans, or
the purchase or lease OF such property, 10 Issue
Its corporate bonds or promissory notes, bea ing
interest at such rate per annum as the directory
NAV elect, and made payable III Sold or the law,
full money of the United States at such times ana
places as may be deemed most to the aavantage
of the corpora ions, and for securing the pay
ment of said bonds or notes, to mortgage ana
pledge its railroads it's 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 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
fill vacancies in their number caused by death,
resignation or otherwise. The iiectors shall
elect one of their number as President OF SAID
Cornpanv. another Vice President, and another
Treasurer, and shall have power 10 MAKE ana
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
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-
tain to the concern OF the Company.
SEC. g. All election for directors shall be by
ballot. and every stakeholder shall be emit led
Of stock held by him for ninety days prior to
such election. 49,
SEC. 3. 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 Getting, provided the num-
Der shall not be less than seven nor more than
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
Sec. 1. Stockholders meetings may be ca lied
at any time by the Board of Directors, and on the
reouisiton 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 g. 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.
This corporation may be dissolved at a general
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
missioners elected by ballot a. such meet ng. At
the termination of this Charter, the liquidation
shall be conducted by a similar board OF three
commissioners, to be in the same way elected at
81 general meeting OF stockholders convened for
the 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 az 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. r. BAYLEY,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HUI. KENNEDY,
DAVID WALLACE,
F.. B. WHEELOCK,
E. J.. RANLETT,
JOHN H. KENNARD,
CYRUS BUScEY.
by L. & Co.
JOHN PHELPS,
W. B. SCHMIDT,
SAMl II. KENNEDY,
A J. ARMSTRONG,
JOHN W. HUNTER,
J. G.. EUSTIS Notary Public.
l, the undersigned Deputy Recorder Of Mort
cages in and Tor the parish OF Orleans, city Of
New Orleans, do hereby certify that The above
and foregoing act of incorporation of the sNew
Orleans Pacific Railway Company" was this day
duly recorded in my Office, according to law, in
book 49, folios GIG, 627, 62S, 629, 630, 631 and
$50,
New Orleans, June 20, 1875.
Original signed.) G. DARCANTEL,
Deputy Recorder.
certify the above and foregoing to be true
and correct copy of the original charter and GER
tificate 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 35 Carondeet street.
STATE OF LOUISIANA,
PARISH OF ORLEANS, CITY OF New ORLEANS.
BE 1T KNOWN, that, on this Eighteenth day
of the month of June, in the year of our Lord,
one thousand eight hundred and seventy-fve,
and of the Independence of the United States of
America the ninety ninth,
Before me- JOHN G. EUSTIS, Notary Pub
lie, in and for this City and Parish of Orleans,
Sta To of o1iSlana dulv commissioned and enc IL