The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-19
CHARTER.

not to impair its usefulness to the public unne
"a essarly; or if temporarily impaired in and durr
]. company shall restore the same to it's form,
. state, or to such state that its usefulness an
CONVENIENCE to the public shall not be unnece
!, sarily impaired or injured, and the said compan
= shall not be required to construct draw in an
bridge over and across any stream or bayol
except streams navigable by enrolled and
censed vessels, and when required by law.
: Seventh-TO obtain, by grant or otherwise
I from any parish, city or village within this Stat,
= any rights, privileges or franchises that any
|. grant in reference to the construction, maintt
: nance, management and use of the railroads {
said company, depots, ears, locomotives an
its business, within the limits OF such or any {
said parishes, cities and villages.
: Eifhth-To appropriate property according t
existing laws.
, Ninth-To cross, intercept, join and unite it
. railways, and prorate with any other railroa
of Louisiana, or any other State, at any poin
upon it's route and upon the ground Of sucl
other railroad, with the necessary turn-outs
sidings, switches and other conveyances, il
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
J erty and appurtenances thereof, and maintain
and use the same as part Of the property o
this company.
Eleventh-To borrow money or to purchase Of
lease property on it's own credit, for the purpose
of constructing and maintaining said railroads o.
establishing continuous aud connecting lines al
hereinbefore provided, and as evidence of the in
debtedness OF said company for such loans, OF
the purchase or lease of such property, to issue
it's Corporate bonds or prOmissory notes, bearing
intere st 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
Of the corporations, and for securing the pay.
| ment of said bonds or notes, to mortgage and
pledge its railroads. its capital stock, its corpo-
rate franchises and any OF its real or personal
property, or any portion OF the same.
| ARTICLE ~.
BOARD OF DIRECTORS.
| &c. 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 tins 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 regulators
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 it's stock
the election Of it's officers, the management and
DISPOSE ion OF it's business, property and effects,
the powers and conduct of it's officers and agents
ana 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 entitled
to one vote in person or by proxy for 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
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. 1. Stockholders meetings may be c&lled
at any time by the Board of Directors and on the
requisition of the holders OF one-ffth 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 meet n.y. At |
the termination of this Charter, the liquidation |
shall be conducted by similar board of three |
a 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 Signedl G. W. r. BAYLEY,
ia. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HUI. KENNEDY,
DAVID WALLACE,
+. B. WHEELOCK,
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSSEY,
JOHN PHELPS f p N'
w. B. SCHMIDT, II
SAML FL. KENNEDY, Il
A. J. ARMSTRONG,
JOHN w. HUNTER, l
J. G. EUSTIs, Notary Public.
L, 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 s'New 7
rleans Pacific Railway Company" was this day !
uly recorded in my Office, according to law, in :
ook 118, foios 626, 627, 62S, 629, $50, 631 and
g. &
New Orleans, June 20, 1875. !
Original signed.) G. DARCANTEL, q
Deputy Recorder.
I certify the above and foregoing to be true Il
I'd correct copy of the original charter and GER
ficate of recordation thereof, now extant in my +
lrrent register. a
In faith, whereof grant these presents under .,
y hand and the impress of my official seal, this
day of July, A. D. 1875. n
j. G. EUSTIS, Notary Public.
jy6 I'm 35 Carondelet street.
STATE OF LOUISIANA, ia
ARIsH OF ORLEANS, CRY OF New ORLEANS h,
BE 1T KNOWN, that, on this Eighteenth day II
the month Of June, in the year of our Lord, tt
lie thousand eight hundred and seventy-tive, OF
ID of the Independence of the United States of 81
merca the ninety-ninth, OF
Before me, JOHN G. EUSTIS, a Notary Pub
. in and for this City and Parish of Orleans,