The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-24
CHARTER.

essarily; or il temporarily impaired in and durin
y the construction Of the said railroads, the sal
u company shall restore the same to its forme
. state, or to such state that its usefulness an
. CONVENIENCE to the public shall not be unnecet
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 or village within this State
any rights, privileges or franchises that any o
said parishes, cities or villages, may choose t.
grant in reference to the construction, malnte
L nance, management and use of the railroads o
said company, l. depots, cars, locomotives anC
its business, within the limits of such or any o
> said parishes, cities and Villages.
EiRhth-To appropriate property according t.
, existing laws.
Ninth-To cross, intercept, join and unite i'll
, 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, its capital stock, its corpor
ate franchises and any of its real or personal
property, or any portion OF the same.
ARTICLE ~.
BOARD OF DIRECTORS.
SEQ 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 time 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
fill vacancies in their number caused by death,
resignation or otherwise. The directors 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,
and from time to time alter, amend ana revoke
ment Of said Company, the transfer of its stock.
the election of its officers, the management and
disposition of its business, property and effects,
the powers and conduct Of its officers and agents.
ana all other matters which shall in any way per-
tain to the concern of the Company.
Sec. 2. All election for directors shall be by
ballot, and every stakeholder shall be entitled |
to one vote in person or by proxy for each share
Of stock held by him for ninety days prior to |
such election.
SEC. 8. Seven of the directors shall constitute |
a quorum for the transaction of business, and |
the number of directors msy be increa sed or
diminished by majority vote Of stockholders in |
interest at any regular meeting, provided the num-
Der shall not be less than seven nor more than |
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
SEC. 1. Stockholders meetings may be called
1t any time by the Board Of Directors, and on the
'equisition of the holders Of one-ffth 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
,ther business OF the company, and all questions
lrising at such meetings shall be determined by
ajority OF the stock there present and voting.
Sec. 2. The annual meeting of the stockholders
or the election OF directors and transaction of |
he regular business shall be held on the second
Wednesday in January of each year.
ARTICLE VI.
LIQUIDATION.
This corporation may be dissolved at general
Meeting convened for that purpose with the as
ent of three-fourths of the stock of the COM
amy and two thirds Of the stock represented at
he liquidation shall be conducted by three COM
nissioners elected by ballot at such meeting. At
he termination Of this Charter, the liquidation
hall be conducted by similar board of three
to be in the same way elected at
general meeting of stockholders convened for
he 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, |
tho have hereunto signed their names as such,
ogether with the said appearers and me, said
otary, on the day, month and year herein first {
ritten, after reading the whole.
Original Signedl G. W. r. BAYLEY, l
J. "A. GIRDNER,
GEO. JONAS, I(
JULIUS WEIS,
HUI. KENNEDY,
DAVID WALLACE,
+. B. WHEELOCK,
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSSEY.
JOHN PHELPS 4Ef P; /" 0'''
w. B. SCHMIDT,
SAM'L H. KENNEDY, o
A. J. ARMSTRONG, 3
JOHN W. HUNTER, b
J. G. EUSTIS. Notary Public. c.
l, the undersigned Deputy Recorder Of Mort
ges in and for the parish of Orleans, city of
wv Orleans do hereby certify that the above h
d foregoing act of incorporation Of the "New n
leans Pacific Railway Company was this day .,
ly recorded in my Office, according to law, in II
ok 11S. folios 626, 627, 628, 629, $50, 631 and y
.. G
New Orleans June 90, 1875. u y
Original signed) @. DARCANTEL, a. .,
Deputy Recorder. "'
certify the above and foregoin to be a true 70
correct copy of the original charter and to
cate of recordation thereof, now extant in my n
trent register. q,
In faith, whereof grant these presents under a.
hand and the impress of my official seal, this %
day of July, A. D. 1875. -,
J. G. EUSTIS, Notary Public. IL
y6 I'm IS Carondelet street.
STATE OF LOUISIANA, sh
RIsH OF ORLEANS, CITY OF New ORLEANS. { le
BE 1T KNOWN, that, on this Eighteenth day tr
the month of June, in the year Of our Lord, tn
9 thousand eight hundred and seventy five, or
of the Independence of the United States OF ex
lerica the ninety-ninth, on
Before me, JOHN G. EUSTIS, Notary Pub
in and for this City and Parish of Orleans,
lte Of Louisiana, duly commissioned and quail
n