The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-28
CHARTER.

NOT N impair its usefulness to the public unnec-
essarily: or if temporarily impaired in anu uufls
| the construction of the said railroads, the saiu
comnany slsfl restore the same TO It's iorme,
! state or to such q state that ITS usefulness a.u
con yienence TO the public shall not be unneces-
EARLY impaired or ia urcd and the sara couIlouy
an ali not be required to construct draw IN aily
Lr;doe over and across any stream or bayou,
| except streams navigable by enrolled anu IL
censed vessels, and when required by law.
! Fsyafttsi-ro 0ctassl, y ST7i.s or 49,
from any parish, city or village within ths slA'e,
| .aid marshes cities or villages, may choose 70
rant in reference to the construction, mantle,
99snce management and use the railroads oil
said company, i depots, cars, locomotives ana
| its business within the limits OF such OF any Vi
said parishes cities and villages ,.
FishthLTo appropriate property according TO
| existing laws. . IT,: a ,,r;,o a.
RAILWAYS and prorate with any o.nei III St"t
beretnfore or hereafter constructed III the otate
of louisiana. or any other State, at any pony
mon it's route and upon the GROUND oI such
Cher railroad. with the necessary turn-outs,
sidines, switches and other conVeyances' IL
| furtherance Of the objects OF It's cohnectionS3
| Tenth-To purchase or lease from any raiiroao
| com many or CORPORATION, at any authorized sale'
| any railroad, and the charter, franchises, prop,
| erty aud appurtenances thereof, ana nlaiu.alr ~
and use the same as pare oi tne P'opoA'' -
this company. oso or
| Eleyenth-To borrow money or to purchase OF
lease property on its own credit for the purpose
of constructing and maintaining SAID ralifoaos VI
establishing continuous and connecting iines as
hereinbefore provided; and evidence or the IN
| debtedness OF said company for such loans, OF
the purchase or lease OF such property, 10 ISSUE
It's corporate bonds or promlssory notes, pea my
interest at such rate per annum as Tue ulrec.,h!
may elect, and made payable IN goid OF Tue Jaw sd
ful 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 or notes, to mortgage aho
pledge its railroads, Its capltal s1och It's COZ
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
n0sed of fifteen stockholders to be elected III
accordance with the bylaws OF the Company
and such officers and agents as may from tune to
time be appointed by such board. NO person
shall be director who is not the actual owner o.
. at least ten Q0) shares OF the capital STOCK O
said Compsuv Directors shall be elected an
nuallv, and continue in Office until others are
elected to fill their place. and shall have power tt
resignation or otherwise. The dir ectors shall
elect one of their number as President OF sac
Company, another Vice President, and another
Treasurer and shall have power to make anf
, 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
J ment of said Company, the transfer OF its stock
the election of its officers, the management ant
? DISPOSE ion of its business property and effects
the mowers and conduct of its officers and agents
ana all other matters which shall in any way per
, tam to the concern of the Company.
] SEC. O. Ali election for directors shall be b.
ballot and every stakeholder shall be entl lei
r to one vote in person or by proxyfor each shai
2 of stock held by him Tor ninety Gays prior v
D SEC, 3. Seven of the directors shall constitute
? a quorum for the transaction OF business, AM
Q the number of directors may be increased
diminished by a majority vote OF stockholders II
interest at any ocular meeting, provided the mum
: Der shall not be less than seven nor more thai
G fifteen.
STOCKHOLDERS MEETINGS.
i SEC, l. Stockholders meetings may be calle'
at any time by the Board of Directors, and on tn
g reauisition of the holders OF one-tifth OF tn
capital stock issued it shall be their duty to cal
r such meetings for the purpose OF amending Thu
Charter and consideration Of and action upon a.
e other business of the company, and all question
k arising at such meetings shall be determined
= majority Of the stock there present ana Young
y SEC. q The annual meeting of the stakeholder
k for the election of directors and transaction O
d the regular business shall be held on the secon
Wednesday in January of each year.
) ARTICLE vi.
e LIQUIDATION.
G This CORPORATION may be dissolved at generf
g meeting convened for that purpose with the az
r sent of three fourths Of the stock OF the CON
pany and two thirds of the stock represented q
II such meeting. and in case of such dlssolut1o
e the liquidation shall be conducted by three CON
e missioners elected by ballot at such meet ng. a
s the termination Of this Charter, the liquidatio
;. shall be conducted by a similar board OF thre
1pi fhn nyNoyy ar {
a general meeting of stockholders conVened IL
| the purpose. ,
Thus done and passed. at my Office, in Ii
> presence of Andrew j. Armstrong and John
Hunter lawful witnesses residing IN this CIT,
10 who have hereunto signed their names as sucl
10 together with the said appearers and me, sal
i notary, on the day, month and year herein fri
4 written, after reading the whole.
Original Signed) G. w. X. BAYLEY,
y ia. GIRDNER,
= GEO. JONAS,
'. JULIUS WEII,
!. HU. KENNEDY,
e DAVID WALLACE,
f. B. WHEELOCK,
:, E. L. RANLETT,
Z JOHN H. KENNARD,
y. ~ CYRUS BUSoEY,
: JOHN r4 4R{ Z; 4 Co.
L W. B. SCHMIDT,
J SAML Fl. KENNEDY,
y ! A. J. ARMSTRONG,
JOHN W. HUNTER,
:. JIG. EUSTIs. Notary Public.
- l. the undersigned Deputy Recorder OF Nor
70 cages in and for the parish of Orleans, city
= New Orleans, do hereby certify that the abo'
4 and foregoing act of incorporation of the me
a Orleans Pacific Railway Company" was this ds
# duly recorded in my office, according to law,
n book 11S, foios GIG, GIT, 62S, 629, $50, 631 al
h 632.
=, ~ New Orleans, June 20, 1875.
Il Original signed.) c. DARCANTEL,
a. a. Deputy Recorder.
70 certify the above and foregoi g to be a tr,
a and correct copy of the original charter and ce
~ tficate of recordation thereof now extant IN n
At current register
,, - In faith whereof grant these presents und
a my hand and the impress Of my official seal, tn
r. Sd day of July, A. D. 1875.
]. G. EUSTIS, Notary Public.
, i've I'm So Carondeet street.
8 Mrs. III. I. EtIiOtt,