The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-17
CHARTER.

| CHARTER.
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not to impair its usefulness to the public unnec-
essarily or if temporarily impaired in and during
the construction of the said railroads, the SAID
company shall restore the same to Its former
| state or to such state that its usefulness and
CONVENIENCE to the public shall not be unneces-
sarly impaired or injured, 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 and Ii
censed vessels and when required by law.
| Seventh-To obtain. by grant or otherwise,
from any parish, city village within this State,
any rights, privileges or franchises that any of
said parishes, cities or villages, may choose to
grant in reference to the construction, mantle
| nance management and use 1.-THE railroads of
said COMPANY i 8 depots, cars, locomotives and
it's 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 c0nveyances, in
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
erty and appurtenances thereof, and maintain
and use the same as part of the property of
this company.
Eleyenth-To borrow money or to purchase or
lease property on its own credit, for the purpose
of constructing and maintaining said RAILROADS. or
establishing continuous and connecting lines as |
hereipbefore provided; and as evidence Of the in
debtedness OF said company for such loans, or |
the purchase or lease of such property, to issue |
Its corporate bonds or promissory notes. bea ing
interest at such rate per annum Is 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 corpora ions, and for securing the pay
ment OF said bonds or notes, to mortgage and
pledge its railroads, its capital stock its corpor
ate franchises and any OF its real or personal
or any portion OF the came.
ARTICLE ".
BOARD OF DIRECTORS.
SEC, I. The corporate powers of this Compa
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 tme to
time be appointed by such board. No person
shall be director who is not the actual owner of
at least ten Q0) 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
ell vacancies in their number caused by DEATH.
resignation or otherwise. The directors shall q
elect one OF their number as President of said :
Company, another Vice President and another :
Treasurer, and ehall have power to make and &
prescribe such bylaws and rules and regulations Il
ind from time to time alter, amend ana revoke .
he same as they shall see tit touching the govern
nent OF said Company, the transfer of its stock y
he election OF its officers, the management and r
disposition OF its business, property and effects n
he powers and conduct of its officers and agents,
nj all other matters which shall in any way per-
an to the concern OF the Company. O
Sec. 2 All election for directors shall be by d
'allot, and every stakeholder shall be entitled i,
one vote IN person or by proxy for each share r
# stock held by him for ninety days prior to IL
UGH election. "
Sec. 8. Seven of the directors shall constitute a,
quorum for the transaction of business, and "
he number of directors may be increased or u
Unfinished by majority vote of stockholders in p
lterest at any regular meeting provided the num-
or shall not be less than seven nor more than -
fteen. ~
ARTICIEv th
STOCKHOLDERS MEETINGS., Pe
Sec. 1. Stockholders meetings may be c. He'd
any time by the Board of Directors, and on the n
equisition Of the holders OF one-ffth OF the 10
spltal stock issued it shall be their duty to call
Ich meetings for the purpose of amending this
harter and consideration of and action upon all
her business OF the company, and all questions fr
Using at such meetings shall be determined by oe
majority OF the stock there present and voting =,
SEC. 2. The annual meeting of the stockhOlders VI
r the election of directors and transaction of
e regular business shall be held on the second
ednesday IN January OF each year.
ARTICLE VI. all
LIQUIDATION clr
This corporation may be dissolved at general pc
Getting convened for that purpose with the as adj
MT of three-fourths of the stock of the COM
ny and two thirds Of the stock represented at
Oh meeting, and III case OF such dissolution ,
g liquidation shall be conducted by three COM
ssioners elected by ballot at such meet n.y. At ar,
e termination of this Charter the liquidation lic
all be conducted by a similar board of three tio
to be III the same way elected at ~
general meeting of stock holders convened for sui
e purpose. oh,
Thus done and passed. at my office. in the an,
essence of Andrew j. Armstrong and John W. '..
inter- lawful witnesses residing in this city, OH
10 have hereunto signed their names as such les
sether with the said appearers and me- said the
tary, on the day, month and year herein first 10
itten, after reading the whole. 10
Original Signedl G. W. R. BAYLEY, ent
J. A. GIRDNER, am
GEO. JONAS, nc,
JULIUS WEIS,
HU. KENNEDY, 8
DAVID WALLACE, ary
r. B. WHEELOCK, and
E. L. RANLETT, 49,
JOHN Fl. KENNARD, ing
CYRUS BUSoEY, pai
JOHN pH Ell: Co. s asg
W. B. SCHMIDT, %"
SAML H. KENNEDY, the
A. J. ARMSTRONG;, ran
JOHN W. HUNTER, Pos
G. EUSTIs. Notary Public. 1oe
the undersigned Deputy Recorder Of Mort pro
reg in and for the parish of Orleans, city of 81
Orleans, do hereby certify that the above sctr
foregoing act Of incorporation of the sNew ~,
cans Pacific Railway Company" was this day vic
y recorded in my Office, according to law, in and
11S. folios GIG, CIT, 628, 629, $50, 631 and bat
ew Orleans, June 20, 1875. 0"fi
Original signed.) G. DARCANTFL, posi-
Deputy Recorder.
certify the above and foregoi to be true
correct copy Of the original charter and GER A,
ate of recordation thereof, now extant in my a,
rent register. PAID
/ faith, whereof, grant these presents under NJ
hand and the impress of my official seal, this a.
lay Of July, A. D. 1875. cias
J. G. EUSTIS, Notary Public. exec
6 I'm 81 Carondelet street. four
scr;l
Mrs. H. 4. Elliott. O,
sien