The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-10
CHARTER.

the construction of the said railroads. 1ne s@lu
company shall restore the same 10 IT'S loi nie5 5
state. or to such state that its usefulness ana
CONVENIENCE to the public shall not be unneces-
sarily impaired or H. ured, and the said company
shall not be required to construct a draw IN any
bridge over and across any stream or bayou,
except streams navigable by enrolled ana IL
censed vessels, and when required by law.
Seyenth-To obtain. by grant or otheT"lse,
from any parish city or village within this State.
any rights, privileges or franchises lnat amy VI
said parishes, cities or villages, may choose 10
rant in reference to the construction, mantle
9anca n?anapement and use the railroads OF
said company g depots, cars, locomotives anu
it's business. within the limits of such or any OF
said parishes, cities and villages.
Eishth-To appropriate property according TO
existing laws. =.
RAILWAYS. and prorate with any other railroad
heretofore or hereafter constructed III the State
OF Louisiana, or any other state, al any pony pony
upon it's route and upon the ground OF such
other railroad with the necessary turn-Outs,
eidipcs. switches and other conveyances, ID
fnrtherance OF the objects OF its connexions
Tenth-To purchase or lease from any lallroad
com pany or corporation, at any autno. iZso saic'
any railroad, and the charter. franchises, prop
eriy aud appurtenances thereof, and MAINTAIN
aud use the same as part OF the properly Vi
this company.
lease property on its own credit, Tor the purpose
n
establishing continuous and connecting mes as
hereinbefore provided; and as evidence OF the IN
debtedness of said company for such loans, OF
the purchase or lease or such property, 10 issue
It's corporate bonds or promlssory notes, pea ing
intaresT at such rate per annum as the directory
NAV elect. and made payable III gold or the law
FIJI money of the United States at such times ana
Dlaces as may be deemed most TO the advantage
Of the corpora ions. and for securing the pay,
ment of said bonds or notes., 10 mortgage anu
a, Itl aTlitA
ate franchises and any OF its real or personal
property or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS.
SEC. /. The corporate powers of this Compa'
nv shall be vested III Board of Directors com
nosed of fifteen stockholders to be elected III
accordance with the bylaws OF the Company,
and such officers and agents as may from tlmo TO
time be appointed by such board. NO person
shall be director who is not the actual owner OF
at Least ten l0) shares OF the capital stock OF
said CompSuy Directors shall be elected an
nuallv and continue IN ONCE untli otheTs are
elected to fill their place. and shall have power to
fill vacancies in their NUMBER caused oy oealL II
resignation or otherwise. The di ectors shall
elect one of their number as President OF said
Company, another Vice President, and aEother
Treasurer, and shall have power to make ana
prescribe such bylaws and rules and regU latlons,
and from time to time alter, amend ana revoke
the same as they shall see tit touching the govern
ment of said Company, the transfer OF It's stock;
the election Of its officers, the management ana
disposition of its business, properly ana ehects,
the powers and conduct OF its oihcefs and agents,
an, all other matters which shall In any way per-
tam to the concern OF the Company.
SEC q ali election for directors shall be by
ballot. and every stakeholder shall be emit led
to pne vote in person or by proxyfor each share
of stock held by him for ninety days prloI to
such election. 80
SEC. 3. Seven of the directors shall constitute
p quorum for the transaction OF business, and
the number Of directors may be increased or
diminished by a ma orlty vote OF stoekhoidefs III
interest at any regular meeting, provided the num-
Der shall not be less than seven nor more than
fifteen.
sTocKHoLDERs' MEETINGS.
src. 1, Stockholders meetings may be called
at a,ly time by the Board OF Directors, and on the
reauisition of the holders OF one-hfth 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 shah be determined by
a 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 NAV be dissolved at general
meeting convened for that purpose with the as
sent of three-foul tbs 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 such meet pg. st
the Termination of this Charter, the liquidation
shall be conducted by similar board OF three
commissioners, to be in the same way elected al
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. X. BAILEY,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEIl,
HU. KENNEDY,
DAVID WALLACE,
F.B. WHEELOCK,
Z. L. RaNLETT,
JOHN Fl. KENNARD,
CYRUS BUS,EY.
JOHN PHELPS E ?: q ''''
W.. SCHMIDT,
SAM'L H. KENNEDY,
A. J. ARMSTRONG,
JOHN W. HUNTER,
J. G. EUSTIS, Notary Public.
/. the undersigned Deputy Recorder Of Mort
cages in and for the parish of Orleans, city O.
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, il
book u.s. foiios 626, 627, 62o, 629, 63O, G31 ant
632.
New Orleans, June 20, 1875.
Original signed.) c. DARCANTEL,
Deputy Recorder.
certify the above and foregoif G to be true
and correct copy of the original charter and GER
tifcate of recordation thereof, now extant in M!
current register.
In faith, Whereof l grant these presents undel
my hand and the impress of my official seal, thi.
Sd day Of July, A. d. 1875.
J. &. EUSTIS, Notary Public.
i've I'm IS Carondelet street.
Mrs. II. r. Elliott,
AETl5T