The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-08
CHARTER.

pike or canal which its said railways may so PAL
upon, along or intersect, touch or cross SO
not to impair its usefulness to the public unne
essarily or il 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 its usefulness an
CONVENIENCE 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 o., bayor
except streams navigable by enrolled Ind /
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, mainte
nance, management and use of the railroads O
said company, depots, cars, locomotives AM
its business within the limits Of such or any o
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 poin
upon its route and upon the ground Of suct
other railroad, with the necessary turn-outs
| sidings, switches and other conveyances, il
furtherance Of the objects of it's 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 OF
lease property on its own credit, for the purpose
Of constructing and maintaining said railroads OF
establishing continuous and connecting lines as
hereinbefoie 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 c.rporate bonds or promissory notes, bearing
intert st 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 corporations, and for securing the pay
ment of said bonds or notes, to mortgage and
rate franchises and any OF its real or personal
property, or any portion OF the same.
ARTICLE ~.
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 NAV 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
fill vacancies in their number caused by death,
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
the same as they shall see fit touching the govern
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,
anu all other matters which shall in any way per-
tain to the concern of the Company
SEC 2. ALI election for directors shall be by
ballot and every stakeholder shall be emit led
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
! quorum for the transaction OF business, and
The number of directors may be increase or |
diminished by majOrlty 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. /. Stockholders meetings may be called |
It any time by the Board of Directors and on the |
equisition Of the holders OF one-ffth of the |
apita stock issued it shall be their duty to call
uch meetings for the purpose OF amending this
Charter and consideration of and action upon all |
,ther business Of the company, and ali questions
rising at such meetings shall be determined by
ma jority 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
netting convened for that purpose with the as
emit Of three-fourths of the stock of the COM
any and two thirds of the stock represented at
UGH meeting, and in case of such dissolution
ne liquidation shall be conducted by three COM
lissioners elected by ballot at such meet ng. At
ne termination Of this Charter, the liquidation
nall be conducted by a similar board of three
to be in the same way elected at
general meeting OF stockholders convened for
re 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
otsry, on the day, mouth and year herein first {
ritten, after reading the whole
Original Signedl G. W. X. BAYLEY, l
J. A. GIRDNER, /
GEO. JONAS, {
JULIUS WEIS, IL
HU. KENNEDY,
DAVID WALLACE, 4
i. b. WHEELOCK,
E. L. R sNLETT,
JOHN Fl. KENNARD, I
CYRUS BUSsEY, A
JOHN PHE Fl P: ~ ''''
w. B. SCHMIDT,
SAME Fl. KENNEDY, o
A. J. ARMSTRONG, E
JOHN W. HUNTER, l,h
J. G. EUSTIS. Notary Public. c.
|, the undersigned Deputy Recorder of Mort
ges in and for the parish of Orleans, city of
w Orleans, do hereby certify that the above h
d foregoing act of incorporation of the ''New =
leans Pacific Railway Company" was this day :,
ly recorded in my Office, according to law, in a
ok 11S. folios 626, 627, 62S, 629, $50, 631 and
lew Orleans, June 20, 1875 Il
Original signed.) G. DARCANTEL, AZ
Deputy Recorder.
certify the above and foregoi g to be true ia
correct copy of the original charter and Ger to
cate of recordation thereof, now extant in my D
rent register. AZ
II faith, whereof, grant these presents under AZ
hand and the impress of my official seal, this
day of July, A. D. 1873. III
J. G. EUSTIS, Notary Public.
y6 I'm 80 Carondelet street.
STATE OF LOUISIANA, IT,
RIsH OF ORLEANS, City OF New ORLEANS. I be
'E 1T KNOWN, that, on this Eighteenth day ~
he month of June, in the year of our Lord IN
thousand eight hundred and seventy-fve or
Of the Independence of the United S ates of ex