The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-31
CHARTER.


upon, along or intersect, touch or cross, so q
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 its forme
state, or to such state that it's usefulness an
tconvienence to the public shall not be unnecei
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 village within this State
any rights, privileges or franchises that any o
said parishes, cities or villages, may choose tt
grant in reference to the construction, mainte
nance management and use of the railroads o
said company, depots, cars, locomotives ant
| its business, within the limits of such or any 0
said parishes. cities and villages.
Eiphth-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 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 lease from any railroad
company or corporation, at any authorized sale,
any railroad, and the charter. franchises prop.
erty and appurtenances thereof, and maintain
III
this company.
Eleventh-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
hereinbefJle 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 c :rporate bonds or promissOry notes, bearing
intere st at such rate per annum as the directory
may elect, and made payable in gold or the law
I'll TT,,;Ap Jta4ao
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 it's 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. /. 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 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
at leas. ten (1O) 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
bill 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,
Ind from time to time alter, amend ana revoke |
he same they shall see fit touching the govern
nent of said Company, the transfer of it's stock |
he election of its officers, the management and |
disposition Of it's business, property and effects
he powers and conduct of its officers and agents. |
M all other matters which shall in any way per-
an to the concern of the Company.
SEC 2. All election for directors shall be by |
'allot, and every stakeholder shall be emit led |
0 one vote in person or by proxy for each share
# stock held by him for ninety days prior to
UGH election.
SEC. 8. Seven of the directors shall constituted
quorum for the transaction OF business, and
he number OF directors may be increased or
Unfinished by a majority vote of stockholders in |
,terestat any regular meeting, provided the num-
er shall not be less than seven nor more than
fteen.
ARTICLE Y.
STOCKHOLDERS MEETINGS.
SEC. 1. Stockholders meetings may be CO He'd
any time by the Board of Directors, and on the
equisition 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 upon all
Their business of the company, and all questions
rising at such meetings shall b9 determined by
majority OF the stock there present and voting
Sec 2 The annual meeting of the stockholders
n the election of directors and transaction of
ednesday in January of each year.
ARTICLE vi. L
LIQUIDATION.
This corporation may be dissolved at general
Getting convened for that purpose with the as
mt OF three-fourths of the stock of the COM
my and two thirds Of the stock represented at 1
ch meeting, and in case of such dissolution E
e liquidation shall be conducted by three COM |
elected by ballot at such meet ng. At a
Q termination of this Charter, the liquidation
all be conducted by similar board of three I
to be in the same way elected at @
general meeting of stockholders convened for c
e 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.
gether with the said appearers and me, said
tary, on the day, month and year herein first c.
itten, after reading the whole. B
Original Signedl G. W. R. BAYLEY, u
J. A. GIRDNER, A
GEO. JONAS o
JULIUS WEIS, r
HUI. KENNEDY. r
DAVID WALLACE, A
E. B. WHEELOCK, C
E. l.. RaNLETT, J.
JOHN Fl. KENNARD, Fl
CYRUS BUSoEY, A
JOHN pBE e 2: q G'0 M
w. B. SCHMIDT, p
SAML ID. hENNEDY, OF
A. J. ARMSTRONG, B.
JOHN w. HUNTER he
G. EUSTIS, Notary Public. ce
, the undersigned Deputy Recorder of Mort
res in and for the parish of Orleans, city of
" Orleans. do hereby certify that the above he
foregoing act of incorporation of the s.New m
cans Pacific Railway Company" was this dav 40
Y recorded in my Office according to law. in "a
k 11S, folios GIG, 627, 62S, 629, $50, 63l and :"
ew Orleans, June 20, 1875. tb
Original signed.) G. DARCANTFL, an
Deputy Recorder.
certify the above and foregoing to be true tai
correct copy of the original charter and GER To-
ate Of recordation thereof, now extant in my hi
rent register. az
/ faith whereof, grant these presents under sn
hand and the impress of my official seal, this
lay of July, a. D. 1875. nm
J. G. EUSTIS, Notary Public. 80
6 I'm So Carondelet street !
STATE OF LOUISIANA, sh'
ISL OF ORLEANS, CITY OF New ORLEANS. { zee
E 1T KNOWN, that, on this Eighteenth dav "a
le month of June, in the year of our Lord. the
thousand eight hundred and seyenty-fve. or
of the Independence Of the United s ates of exc
RIGA the ninety ninth, onf
afore me- JOHN q FTTSTTS a Not.rr p,,b