The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-23
CHARTER.

eesarly; or il temporarily impaired IN ana during
the construction Of the said railroads, the said
company shall restore the same to it's former
state, or to such state that its usefulness and
CONVENIENCE to the public shall not be unneces-
sarily impaired or injured, and the said company
shall not be required to construct draw IN any
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 this State
any rights privileges or franchises that any OF
said parishes, cities or villages, may choose to
grant in reference to the construction, mainte-
nance, management and use OF the railroads OF
| said company, its depots, cars, locomotives and
its business within the limits OF such or any OF
said parishes, cities and villages.
existing laws.
Ninth-To cross, intercept, join and unite it's
railways, and prorate with any other railroad
heretofore or hereafter constructed in the State
Of Louisiana, or any other State, at any point
upon it's route and upon the ground OF such
other railroad, with the necessary turn-outs,
sidinps. switches and other conveyances, in
furtherance Of the objects Of it's connections
Tenth-To purchase or lease from any railroad
com pany or corporation, at any authorized sale,
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
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 promlssOry 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 corporations, and for securing the pay
80 do Y,nfo m NM fCyQC Q md
pledge its railroads, its capital stock its corpor-
ate franchises aud 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.
nv 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 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 an0 revoke
the same as thew shall sec fit touching the govern
ment OF said Company, the transfer Of it's stock.
the election of it's officers, the management and
disposition of it's business, property and effects,
the powers and conduct of it's 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
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 may be increased 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
at any time by the Board Of Directors, and on the
requisition Of the holders OF one-tifth 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 q The annual meeting of the stockholders
for the election OF directors and transaction OF
the 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
sent of three-fOurths of the stock of the COM
pany and two thirds OF the stock represented at
such meeting, and in case OF such dissolution
the liquidation shall be conducted by three COM
missoners elected by ballot at such meeting. At
the termination of this Charter, the liquidation
shall be conducted by similar board of three
commissioners, to be in the same way elected at
q roaofipo of atnnk hnldnra c0nvanad for
the purpose.
Thus done and passed. at my Office, in the
presence of Andrew ]. Armstrong and John W.
Hunter, lawful witnesses residing in this city,
who have hereunto signed their names as such,
together with the said appearers and me, said
notary, on the day, month and year herein first
written, after reading the whole.
Original Signedl G. W. R. BAYLEY,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HU. KENNEDY,
DAVID WALLACE,
F.B. WHEELOCK,
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSSEY,
JOHN PHELPS 4Ef P: - 0''
WE SCHMIDT,
SAM'L Fl. KENNEDY,
A. J. ARMSTRONG,
JOHN W. HUNTER,
]. G.. EUSTIS, Notary Public.
l, the undersigned Deputy Recorder Of Mort
cages in and for the parish of Orleans, city of
New Orleans, do hereby certify that the above
md foregoing act Of incorporation of the ''New
Orleans Pacific Railway Company" was this day
luly recorded in my office, according to law, in
book 11S, folios 626, 627, 628, 629, $50, 631 and
1872.
New Orleans June 20, 1875.
Original signed.) G. DARCANTEL,
Deputy Recorder.
1 certify the above and foregoing to be a true
md correct copy of the original charter and GER
ificate Of recordation thereof, now extant in my
current register.
In faith, whereof, grant these presents under
ny hand and the impress of my official seal, this |
ID day of July, A. D. 1875.
y. G. EUSTIS, Notary Public.
i've I'm 35 Carondelet street.
STATE OF LOUISIANA, |
PARISH OF ORLEANS, CITY OF New ORLEANS, |
BE 1T KNOWN, that, on this Eighteenth day
II the month of June, in the year of our Lord,
me thousand eight hundred and seventy-fve
md of the Independence of the United States of
america the ninety ninth,
Before me- JOHN G. EUSTIS Notary Pub
ic in and for this CITY and Parish of Orleans,