The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-30
CHARTER.

essarly or if temporarily impaired III anu oui
the construction OF the SAID raliroads, 1ne sSau
connnany shall restore the same to its former
state or to such state that Its usefulness anu
CONVENIENCE to the public shall not be uhheces-
sarily impaired or INJURED, and the SAID COMPANY
shall not be required to construct ara" IN any
bridge over and across any stream or pSyo H.
except streams navigable by enrolled ana IL
censed vessels, and when required by law.
| Seyenth-To obtain, by grant or otherwise,
from any parish, city or village Wlthn thls otale:
any rights, privileges or franchises that any OF
said parishes, cities or villages, may choose TO
Grant in reference to the construction, mamie,
nance management and use o 1.-THE railroads OF
said company, is depots, cars, locomotives ana
| it's business within the limits OF such OF any ol
| said parishes, cities and villages
Eighth-To appropriate property according TO
| existing laws. -.
Ninth-To cross, intercept, join and unlTe 1ts
railways, and prorate with any other faliroa ~
heretofore or hereafter constructed IN the ota1e
of Louisiana, or any other state DIV any pU unh
upon its route and upon the ground OF sucn
other railroad, with the necessary tufn-outs,
sidngs switches and other conveyances, III
furtherance OF the objects of its connections
Tenth-To purchase or lease from any rallroao
mpany or corporation, at any authorized sale,
anv railroad. and the charter, franchises, prop
erty and appurtenances thereof, and MAINTAIN
and use the same as part OF the properly VI
this company.
Eleyenth-To borrow money or to purchase OF
of constructing and maintaining said railroads OF
| establishing continuous and connecting nes as
hereinbefore provided; and as evidence or the III
| debtedness Of said company for such loans, OF
the purchase or lease OF such property, 10 issue
,ts corporate bonds or promlssOry notes, bea Ing
interest at such rate per annum as the directory
NAV elect and made payable IN gold or tue 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 Tor securing lhe pay,
Dis or
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. 1. The corporate powers of this Compa.
nv 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 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 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
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 it's officers and agents
ana all other matters which shall IN any way per-
tan to the concern of the Company.
SEC. 2. ALI 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. 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 a majority vote OF stockholders IL
interest at any regular Getting, provided the mum
Der shall not be less than seven nor more than
fifteen.
STOCKHOLDERS MEETINGS.
SEC. 1. Stockholders meetings may be called
at any time by the Board Of Directors and on the
requisition of the holders Of one-tfth 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
majority of the stock there present and voting.
SEC. 2. 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 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 at 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 al
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 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,
/ +. B. WHEELOCK,
Z. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSoEY,
JOHN rH III 7; q CD
W. B. SCHMIDT,
SAN'L H. 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 118, foios 626, 627, 628, 500, $50, 631 and
632.
New Orleans, June 20, 1875.
Original signed.) @. DARCANTFL
Deputy Recorder.
certify the above and foregoing to be true
and correct copy of the original charter and GER
hfcate 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.
jy6 I'm 35 Carondelet street.
Mrs. III. 4. Elliott.