The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-14
CHARTER.


pike or canal which its said railways NAV go pas
upon, along or intersect, touch or cross so a
not to impair its usefulness TO the public unnec
essarlly; or II temporarily impaired In and durin,
the construction OF the SAID railroads, the saIC
company shall restore the same to its former
state, or to such state that its usefulness anC
CONVENIENCE to the public shall not be unneces
sarily impaired or injured, and the said company
> shall not be required to construct draw IN ally
bridge over aud scroas snv strean, or bsyor
except STRAINS navigable ty enrolled aud H.
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 OF
; said parishes, cities or villages. may choose ia
grant Ia reference to the Construction, mainte-
nance, management and Use OF the railroads Of
said company, ! depots, cars, locomotives aad
iis business, within the limits Of such OF any oil
said parishes, cities and villsges.
EIghth-To appropriate Property according TO
existing laws.
hinth-To cross, intercept, join and unite its
| railways, and prorate withs 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 euch
other railroad, with the necessary turn-outs,
sidings, switches and other conveyances, in
| furtherance OF the objects OF it's connections
| Tenth-To purchase or lea sc from any railroad
| company or corporation at amy autholiz-d 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 it's own credit, for the purpose
| Of constructing and maintaining said railroads or
| establishing continuous and connecting lines a 8
hereinbefole provided, and IS evidence of the in
| debtedness of said company for such loans, or
| the purchase or lease of such property to issue
it's ,rporate bonds or promissory notes, bearing
intere st at such rate per anrum 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 fox securing the pay
ment of said bonds notes, to mortgage and
pledge it's railroads, it's capital stock, its corpo-
rate franchises and any ofiits real or personal
property, or any portion OF .he same.
ARTICLE ".
BOARD OF DIR CToRs.
Sec. l. 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
fill vacancies in their number caused by death
resignation or otherwise. The di 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,
and from time to time alter, amend ana revoke |
the same they shall see fit touching the govern
ment of said Company, the transfer of its stock |
the election of its officers, the management and
dlsposl Ion OF its business, property and effects
the powers and conduct of it's officers and agents
AMI 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 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. 3. Seven OF the directors shall constitute
a quorum for the transaction of business and
the number of directors may be increa sed or
diminished by majority vote of stockholders in
at any regular meeting, provided the mum
Der shall not be less than seven nor more than
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
SEC. l. Stockholders meetings may be cl He'd
at any time by the Board of Directors and on the
of the holders of one-ifth 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
iTlslng at such meetings snail 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 y
|
ARTICLE VI. L
LIQUIDATION.
This corporation may be dissolved at general
Meeting convened for that purpose with the as {
ent of three-fouIths 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 az such meet n.y. At
be termination of this Charter, the liquidation
hall be conducted by similar board of three +
hni, ~
general meeting Of stockholders convened for c
be purpose. 9
Thus done and passed, at my office, in the
resence of Andrew j. Armstrong and John W. e
lunter, lawful witnesses residing in this city,
no have hereunto signed their names as SUCH
)gether with the said appearers and me- said
otary, on the day, month and year herein first c
rtten, after reading the whole. B
Original Signed) G. W. r. BAYLEY, u
J. A. GIRDNER, A
GEO. JONAS,
JULIUS WEII IT
HU. KENNEDY, r
IiAVID WALLACE, A
Il. B. WHEELOCK, IC
E. L. RANLETT, J.
JOHN HI. KENNARD, H
CYRUS BUSoEY, A
JOHN pAE e 2: q Co. M
W. B. SCHMIDT, p
SAM'L H. KENNEDY, OF
A. J. ARMSTRONG, B.
JOHN w. HUNTER, he
J. G. EUSTIS, Notary Public. ce
I, the undersigned Deputy Recorder of Mort
ges in and for the parish of Orleans, city of
Nv Orleans, do hereby certify that the above he
d foregoing act OF incorporation of the s'New D1
leans Pacific Railway Company" was this day sa
ly recorded in my Office, according to law in IA
ok 49, folios 626, 627, 62S, 629, $50, 63l and "
New Orleans, June 20, 1875. TN
Original signed.) G. DARCANTEL. an
Deputy Recorder.
certify the above and foregoing to be true tai
correct copy of the original charter and GER to
cate OF recordation thereof, now extant in my Di
rent register. on
n faith, whereof, grant these presents under snI
hand and the impress of my official seal, this So
day of July, A. D. 1875 mn
j. G. EUSTIS, Notary Public 49,
rs I'm IS Carondelet street | 7
STATE OF LOUISIANA, shs
RTsH OF ORLEANS, CITY OF New ORLEANS zee
Re 1T KNOWN, that, on this Eighteenth day ira
he month Of June, in the year OF our Lord, the
thousand eight hundred and seventy-fiye, or
of the Independence of the United States of exc
erica the ninety. ninth one