The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-22
CHARTER.

y
company shall restore the same to Its former
state, or to such state that its usefulness anu
CONVENIENCE to the public shall not be unneces-
sariy impaired or injured, and the SAID company
shall not be required to construct draw IN any
bridge over and across any stream or bayou,
except streams navigable by enrolled and Il
censed vessels, and when required by law
Seventh-To obtain. by grant or otherwise,
from any parish city or village within TINS stare
any rights privileges or franchises that any OF
said parishes, cities or villages, may choose to
grant. in reference to the construction, malnte-
nance management and use 1.-THE railroads OF
said company, i depots, cars, locomotives and
it's business, within the limits OF such or any OF
said parishes, cities and villages.
Elqhth-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 III 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, ID
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 AZ part OF tho property OF
this company.
tIeyepth-To borrow money or to purchase or
lease property on its own credit, for the purpose
establishing continuous and connecting ilnes as
hereinbefore provided; and as evidence OF the III
debtedness OF said company for such loans, OF
the purchase or lease OF such property, to issue
Its corporate bonds or promlssory notes, pea ing
interest at such rate per annum as the directory
may elect, and made payable III gold or the law"
ful money of the United States at such times ana
places as may be deemed most to the advantage
Of the corpora lons 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
SEC. l. The corporate powers of this Compa-
ny shall be vested IN a 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 dl 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
such bylaws and rules and regulations,
and from time to time alter, amend ana revoke
the same they shall see tit touching the govern
ment of said Company, the transfer OF its stock.
the election of its officers, the management and
the powers and conduct of its officers and agents,
ana all other matters which shall IN any way per-
tam to the concern OF the Company.
SEC 2. All election for directors shall be by |
ballot and every stakeholder shall be entitled |
to Dne vote in person or by proxy for each share
Of stock held by him for ninety days prior to |
such election.
SEC 3. Seven of the directors shall constitute |
a quorum for the transaction OF business, and |
the number of directors may be increased or |
diminished by majority vote Of stockholders in |
interest at any regular meeting, provided the num-
Der shall not be lees 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
-equsiton 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
other business OF the company, and all questions
arising at such meetings. shall be determined by |
majority 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-foufths Of the stock of the COM
)any and two thirds of the stock represented at
uch meeting, and IN case OF such dissolution
he liquidation shall be conducted by three COM
nissioners elected by ballot a. such meet pg. 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 nay 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,
ogether with the said appearers and me, said
rotary, on the day, month and year herein first
written, after reading the whole.
Original Signed) G. W. r. BAYLEY,
"A. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HU. KENNEDY,
DAVID WALLACE,
i. B. WHEELOCK,
j. l.. RANLETT,
JOHN H. KENNARD,
CYRUS BUSoEY,
JOHN PHELP p: '''
w. B. SCHMIDT,
SAM'L II. KENNEDY
A. J. ARMSTRONG,
JOHN w. HUNTER,
j. G. EUSTIS Notary Public.
l, the undersigned Deputy Recorder of Mort
ages in and for the parish of Orleans city of
lew Orleans, do hereby certify. that the above
nd foregoing act of incorporation of the ''New
'rleans Pacific Railway Company" was this day
uly recorded in my Office, according to law, in
ook 11S. fohos &c. 627 628, 629, $50, 631 and
81.
New Orleans, June 20, 1875.
Original signed.) G. DARCANTEL,
Deputy Recorder.
I certify the above and forego to be true
nd correct copy of the original charter and Ger
ficate of recordation thereof, now extant in my
lrrent register.
In faith, whereof, I grant these presents under
" hand and the impress of my official seal, this
/ day Of July, A. D. 1875.
j. G. EUSTIS, Notary Public.
jy6 IS Carondelet street.
Mrs. I'll. I. Elliott,