The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-05
CHARTER.

CHARTER.
pike or canal which its said railways NAV so pas
upon, along or intersect, touch or cross, SO a
not to impair its usefulness to the public unnee
essarily; or il temporarily impaired In and durin
the construction of the said railroads, the sal
company shall restore the same to its forme
state, or to such state that its usefulness an,
CONVENIENCE to the public shall not be unneces
sariy 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 anv o.
said parishes, cities Or villages, may choose to
grant in reference to the construction. mainte
nance, management and use of the railroads Of
| said company, depots, cars, locomotives anC
its business, within the limits of such or any OF
said parishes, cities and villages.
| Eighth-To appropriate property according to
| existing laws.
Ninth-To cross, intercept, join and unite its
| railways, and prorate with any other railroad
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. in
furtherance OF the objects of its connections
Tenth-To purchase or lea Sc from any railroad
any railroad, and the charter, franchises. prop.
erty and appurtenances thereof and maintain
and use the same as part of the property of
this company.
Eleventh-To borrow money or to purchase OF
lease property on its own credit, for the purpose
Of constructing and maintaining said railroads or
establishing continuous and connecting lines as
hereinbefore provided, and as evidence of the in
debtedness OF said company for such loans, or
the purchase or lease of such property to issue
e. bonds bonr
lntert st at such rate per annum as the directory
may elect, and made payable in gold or the law
ful 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 paw
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.
SEC. l. The corporate powers of this Comma.
ny shall be vested III 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
1t least ten 10) shares of the capital stock of
said Company Directors shall be elected an
lually, 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. |
eslgnatlon or otherwise. The di ectors shall |
lect 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 |
nd from time to time alter, amend ana revoke
he same as they hall see fit touching the govern
nent Oh SAID Company, the transfer of its stock
he election of its officers, the management and
lsposi ion OF it's business property and effects.
he powers and conduct of its officers and agents |
nj all other matters which shall in any way per.
am to the concern of the Company.
SEC. 2. All election for directors shall be by |
allot, and every stakeholder shall be emit, led
one vote IN person or by proxy for each shar e
stock held by him for ninety days prior to
lch election.
SEC. 8. Seven of the directors shall constitute
quorum Tor the transaction OF business and |
le number of directors may be increa sed or
unfinished by ma jority vote of stockholders in |
terestat any regular meeting, provided the num-
sr shall not be less than seven mr. more than
fteen. ,
ARTICLE V.
STOCKHOLDERS MEETINGS.
Sec. l. Stockholders meetings NAV be cs lied
any time by the Board of Directors and on the +
QUESTION of the holders Of one-ffth of the
pltal stock issued it shall be their duty to call
len meetings for the purpose of amending this $
larter and consideration OF and action upon all a
her business OF the company, and all questions f
lslng at such meetings shall bs determined bv I
majority OF the stock there present and voting. 4
SEC T. Inc annual meeting of the stockholders b
r the election of directors and transaction of |
g regular business shall be held on the second "
ednesday in January of each year. t.
ARTICLE VI. e
LIQUIDATION.
This corporation may be dissolved at a general s.
9eting convened for that purpose with the as d
at of three-fourths of the stock of the com | q
ny and two thirds of the stock represented at fl
;h meeting, and in case OF such dissolution | e
, liquidation shall be conducted by three COM b.
ssloners elected by ballot at such meet pg. at al
termination OF this Charter, the liquidation
I'll De conducted by similar board of three p'
nmissioners, to be in the same way elected at OF
eneral meeting of stockholders convened for &C
purpose Ell
Thus done and passed. at my office, in the
sence OF Andrew j. Armstrong and John w. eI
inter-, lawful witnesses residing in this CITY | til
Q have hereunto signed their names as such |
ether with the said appearers and me- said
airy, on the day, month and year herein first co
item, after reading the whole. Be
Original SignedI G. W. R. BAYLEY, I'll
]. A. GIRDNER, Al
GEO. JONAS, o.
JULIUS WEI1 I'll
HU. KENNEDY, R.
DAVID WALLACE, A.
+. B. WHEELOCK, c.
j. L. RANLETT, J.
JOHN H. KENNARD, II.
CYRUS BUSoEY, A.
by 49, NJ.
DEtN PHELPS, |
W. B SCHMIDT, Pr
SAM'L II. KENNEDY, on,
A. J. ARMSTRONG, Bo
JOHN W. HUNTER, hei
G. EUSTIS, Notary Public. Ger
the undersigned Deputy Recorder of Mort
IS in and for the parish of Orleans, CITY of g
Orleans, do hereby certify that The above be,
foregoing act of incorporation of the "New no M,
ans Pacific Railway Company" was this day san
recorded in my office, according to law, in 1s1
lis. folios 626, 627, 628, 629, $50, 631 and "Pi
-, ou,o.,, r. m ,o-- five
:; i I"H $3.50, otno N'' Aoco' the
Deputy Recorder. r
Gritty the above and foregoing to be true toir
correct copy OF the original charter and Ger TO
to of recordation thereof, now extant in nv D;r,
mt register. ~ 81
faith, Whereof grant these presents under smh
and and the impress of my official seal, this &,
y OF July, A. d. 1875. mt,
J. G. EUSTIS, Notary Public. N-''
I'm 35 Carondelet street p,
STATE OF LOUISIANA. shall
vi OF ORLEANS Cry or NEw Op,r,xs iect
be II
1T KNOWN, that, on this Eighteenth day ran
} month OF June, in the year of our Lord. the
and iuht |