The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-04
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 unnet
essarily; or If temporarily impaired In and durin
the construction of the said railroads, the sal
company shall restore the same to It's forme
state, or to such state that its usefulness an
CONVENIENCE to the public shall not be unneces
sarily 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 0
| said parishes, cities or villages, may choose te
| grant in reference to the construction, maiute
nance, management and use of the railroads O
said company, depots, ears, locomotives ant
| its business, within the limits of such or any @
| said parishes, cities and villages.
| EighUh-To appropriate property according tt
existing laws.
Ninth-To cross, intercept, join and unite it,
| railways, and prorate with any other railroad
heretofore or hereafter constructed in the.Statt
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 railroad
company or corporation, at any autho IL sale,
erty and appurtenances thereof, and maintain
and use the same as a part of the property OF
this company.
Eleyenth-To, borrow money or to purchase or
lease property on It's own credit, for the purpose
Of constructing and maintaining said railroads or
establishing continuous and connecting lines as
hereinbefo1e provided, and as evidence of the in
debtedness of said company fer such loans or
the purchase or lease Of such property, to issue
its frporate bonds or promissory notes, bearing
ut
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 corDo.
rate franchises and any of its real or personal
property, or any portion OF the same.
ARTICLE Nv.
BOARD OF DIRECTORS,
Sec. !. 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 tho 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
I'LL vacancies in their number caused by death
resignation or otherwise. The di 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
md from time to time alter, amend ana revoke
he same as they shall fit touching the govern
nent of said Company, the transfer of its stock
he election OF its officers, the management and
1sposl ION OF its business, property and effects
he powers and conduct OF its officers and agents,
nd all other matters which shall in any way per-
am to the concern of the Company.
SEC 2. ALI election for directors shall be by |
'allot and every stakeholder shall be emit led |
Q one vote in person or by proxy for each sha, |
4 stock held by him for ninety days prior to |
UGH election.
SEC. 3. Seven of the directors shall constitute |
quorum for the transaction of business and |
he number Of directors may be ipcrea sed or
Unfinished by majority vote of stockholders in
1terest at any ular meeting, provided the num-
er shall not be lees than seven ncr more than
fteen.
ARTICLE V.
STOCKHOLDERS MEETINGS,
SEC. l. Stockholders meetings may be Co He'd
any time by the Board of Directors, and on the
squisition OF the holders Of one-ffth of the
apital stock issued it shall be their duty to call
UGH meetings for the purpose of amending this
harter and consideration of and action uponall
ther business OF the company, and all questions
Using at such meetings shall be determined by
majority OF the stock there present and voting.
cEC. De ac duuudl ue0Ulug OF LD6 Stockholders |
r the elC ction of directors and transaction of
e regular business shall be held on the second
ednesday IN January of each year.
ARTICLE VI. L
LIQUIDATION.
This corporation may be dissolved at a general
Getting convened for that purpose with the as {
mt of three-fourths of the stock of the com
ny and two thirds of the stock represented at f
ch meeting, and in case of such dissolution 6
Q liquidation shall be conducted by three COM
lssioners elected by ballot at such meet pg. At a
g termination Of this Charter. the liquidation
all be conducted by similar board of three
to be in the same way elected at @
general meeting Of stockholders convened for C
purpose g
Thus done and passed, at my Office, in the
essence Of Andrew J. Armstrong and John W. e
inter, lawful witnesses residing in this city, T.
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 O.
ltten, after reading the whole. B
Original signedl G. W. R. BAYLEY, u
J. A. GIRDNER, A
GEO. JONAS, o
JULIUS WEII T
HUI. KENNEDY. r
DAVID WALLACE, A
F. b. WHEELOCK, G.
E. L. RANLETT, J.
JOHN H. KENNARD, H
CYRUS BUs,EY, A.
JOHN pB sRE ?: q e. M
W. B SCHMIDT, Pl
SAM'L Fl. KENNEDY, or
A. J. ARMSTRONG. b
JOHN w. HUNTER, he
G. EUSTIS, Notary Public. ce
the undersigned Deputy Recorder Of Mort
es in and for the parish of Orleans, CITY Of
' Orleans, do hereby certify that The above bo
foregoing act of incorporation of the New M
cans Pacific Railway Company" was this dav s DS
recorded in my Office, according to law. in 30
11S, folios 626, 627, 628, 629, $50, 631 and 70
ew Orleans, June 20, 1875. ~,
original signed.) c. DARCANTFL, s sn
Deputy Recorder. az
certify the above and foregoing to be true -;
correct copy of the original charter and Ger toi
ate OF recordation thereof, now extant in my n,
ent register. ~
faith, whereof grant these presents under s an
hand and the impress of my official SEAL this 'u
ay OF July, A. d. 1875. -
]. G. EUSTIS, Notary Public. un
J I'm 35 Carondelet street. Z
STATE OF LOUISIANA, sha
ISL OF ORLEANS, City OF New ORLEANS llec'
1T KNOWN, that, on this Eighteenth day ira,
e month Of June, in the year OF our Lord. the
thousand eight hundred and seventy-tive or {
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