The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-30
CHARTER.

the construction OF the said railroads the sal
, company shall restore the same to its forme
state, or to such state that its usefulness an
CONVENIENCE to the public shall not be uDneces
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 tie
grant in reference to the construction, mainte
nance, management and use of the railroads O
| said company, depots, cars. locomotives anC
its business, within the limits of such or any o.
said parishes, cities and villages.
Eie hth-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 sucb
| other railroad, with the necessary turn-ou ts,
sldlngs, switches and other conveyances, in
furtherance OF the objects of it's connections
Tenth-To purchase or lease from any railroad
company or corporation, at any authol izsd 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 on
lease property on its own credit, for the purpose
Of constructing and maintaining said railroads or
establishing continuous and connecting lines as
herelnbefole 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
lntert st at such rate per annum as the directory
NAV elect, and made payable in gold or the law
tul money Of the United States at such times and
places as may be deemed most to the advantage
OF the corporations, and for securing the paw
ment OF said bonds or notes, to mortgage and
pledge its railroads. its capital stock, its corpo-
rate franchises and any OF it's real or personal
property, or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS
SEC. 1. The corporate powers of this Gonna.
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 |
nualy, and continue in Office until others are
elected to I'LL their place, and shall have power to
bill vacancies in their number caused by death |
resignation or otherwise. The dit 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
md from time to time alter, amend ana revoke
The same as they shall see fit touching the govern
nent OF said Company, the transfer of it's stock
he election OF it's officers, the management and |
ilsp oslloh OF us business, property and effects,
LAG pI"e,s anu conuucG OF IT'S omcers and agents,
am to the concern of the Company.
sec =. an election Tor directors shall be by
'alot and every stakeholder shall be entitled
Q one vote in person or by proxy for each share
;. STOCK held py him Tor ninety days prior to
Sec. 3. Seven of the directors shall constitute
quorum Ior the transaction OF business, and
no NUMBER OF directors may be increased or
ininlsneu py majority vote OF stockholders in
l.erest a. any regular meeting, provided the num-
er shall not De less than seven nor more than
i1een. '
ARTICLE V. II
STOCKHOLDERS MEETINGS.
Sec. 1. Stockholders meetings NAV be cs lied
any time by the Board of Directors and on the I
squisition 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 ali
Their business of the company and all Questions +
rising at such meetings shall ba determined by
The annual meeting Of the sd bhoeg
r the election of directors and transaction of
le regular business shal be held on the second v
'ednesday in January of each year. /
ARTICLE VT e
IIor1n.T1oN
This CORPORATION NAV be dissolved Of q oeroro, 8
eetino convened for that nnrnose MI SIneaa
mt Of three-fourths Of the stpc os H. We @o
nv and two thirds of the stocL ro,,ro.a,+oS
Cd meeting. and in case of such dis eniotio a.
lionidation shall he condncted NV threo
issioners elected bv ballot sncb ms stee con
ali he conducted I INV sn;Is Inc nquadatlon
mmission to be IN the a0n DU ar ol ll5ee
General meeting of stockbolders conuanaJ e :" ca
2 nnrnose oon'on0u ioi 81
Tfms done and nossed at NV ofs;oo =, n
essence of Andrew 7 Armstrong ond io In we wv e,
inter Lawful wtre.ses ras;d;,S anu ~ oonn W. H
10 have herenntn s;oned the;r on ~ snis city'
yether with the sai3 snnaa rers and % aoi3
tsry, on the day month and var rn heras' f eau
itten. after readino the whole Aoin nis' D D
Original Sienedl q w r PAyVFv
"A. GIRDNER, Al
GEO; jonas, O.
HUI. REMEDY. R.
DAVID WALLACE. A.
EB. WHEELOCK. La.
ELRaNLETT. u
JOHN H. KENNARD | II
CYRUS BUS.EY. A.
(ByL.&G M
JOHN PHELPS.
w r Schmidt Dr.