The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-18
CHARTER.

CHARTER.
pike or canal which it's said railways may 80 pas
upon, along or intersect touch or cross. 30 3
not to impair it's usefulness to the public unne,
essarily; or if temporarily impaired in and durin
: the construction Of the said railroads. the sal
company shall restore the same to it's forme
state, or to such state that its usefulness an
CONVENIENCE to the public shall not be unnecef
sarily impaired or injured and the said compan
shall not be required to construct a 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.
l. Seventh-To obtain, by grant or otherwise
from any parish, city or village within this State
any rights, privileges or franchises that any O
said parishes, cities or villages, may choose te
grant in reference to the construction, mainte
nance, management and use of the railroads O.
said company, depots, cars, locomotives anG
its business, within the limits of such or any q
| said parishes, cities and villages.
Eiahth-To appropriate property according tc
| 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 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.
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
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
it's corporate bonds or promissory notes, bea ing
interest at such rate per annum as 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, it's capital stock, its corpor
ate franchises and any OF its real or personal
property, or any portion OF the same.
ARTICLE Nv.
BOARD OF DIRECTORS.
SEC. 1. 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 tins to
time be appointed by such board. No person
shall be director who is not the actual owner of
at least ten 10) 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
ill vacancies in their number caused by death,
r6BlSQdLlOQ OF OtQ6rWlS6. Inc directors snail
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 as 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,
md all other matters which shall in any way per-
ain to the concern of the Company.
Sec. 2. All election for directors shall be by |
,allot, and every stakeholder shall be entitled |
o 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 constitute
quorum for the transaction OF business, and
he number Of directors may be increased or
by majority vote of stockholders in
interest at any regular meeting, provided the num-
er shall not be less than seven nor more than
fteen.
ARTICLE v.
STOCKHOLDERS MEETINGS.
Sec. 1. Stockholders meetings may be called
any time by the Board of Directors, and on the
eqlisition of the holders OF one-fifth of the
aptal stock issued it shall be their duty to call
harter and consideration of and action upon all
ther business Of the company, and all questions
rising at such meetings shall be determined by
majority of the stock there present and voting.
Sec. 2. The annual meeting of the stockholders
)r the election of directors and transaction of
le regular business shall be held on the second
in January of each year.
ARTICLE vi.
LIQUIDATION.
This corporation may be dissolved at general
ieetng convened for that purpose with the as
INT Of three-fourths Of the stock of the COM
any and two thirds of the stock represented at
lch meeting, and in case of such dissolution
Humiliation Nhall he c0n6ncta6 nv fbraa
issioners elected by ballot at such meeting. At
le termination Of this Charter, the liquidation
lall be conducted by a similar board of three
to be in the same way elected at
general meeting OF stockholders convened for
le purpose.
Thus done and passed, at my Office, in the :
resence of Andrew J. Armstrong and John W.
unter, lawful witnesses residing in this city,
no have hereunto signed their names as such,
gether with the said appearers and me, said
)tary, on the day, month and year herein first !
ritten after reading the whole. /,
Original Signed) G. w. r. BAYLEY,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HUI. KENNEDY,
DAVID WALLACE,
+. B. WHEELOCK,
E. L. RANLETT,
JOHN Fl. KENNARD,
CYRUS BUSSEY. =
JOHN PHELPS Ell p: /" 0'''
w. B. SCHMIDT,
SAM'L II. KENNEDY,
A. J. ARMSTRONG, Z
JOHN W. HUNTER,
J. G. EUSTIS. Notary Public. u
, the undersigned Deputy Recorder Of Mort
ges in and for the parish of Orleans, city of
W Orleans, do hereby certify that the above b.
1 foregoing act of incorporation Of the "New d
leans Pacific Railway Company" was this day 81
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