The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-27
CHARTER.


company shall restore the same to Its former
state. or to such a state that its usefulness and
CONVENIENCE to the public shall not pc unneces-
sarily impaired or injured, and the SAID company
bridge over and across any stream or bayou,
except streams navigable by enrolled and L.
censed vessels, and when required by law.
Seventh-To obtain, by grant or otherwise
from any parish, city or village within TINS STATE
apv rights, privileges or franchises that any OF
said parishes, cities or villages, may choose TO
grant in reference to the construction, mantle
nance management and use 1.-THE railroads OF
said company, iis depots, cars, locomotives ana !
its business, within the limits OF SUCH or any OF
said parishes, cities and villages.
Eiehth-To appropriate property according to
existing laws.
Ninth-To cross, intercept, join and unite its
railways and prorate with any o1ner rsai Hs :.
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,
sidings, switches and other conVeyances, IN
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
aud use the same as part OF the property OF
this company.
Eleventh-To borrow money or to purchase or
lease property ON its own credit, for the purpose
of constructing and maintaining said railroads or
establishing continuous and connecting lines as
hereinbeHore 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 corporate bonds or promissory 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
ment of said bonds or notes, to mortgage and
pledge its railroads. it's capital stock, its corpor-
ste 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.
nv 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 Q0) shares of the capital stock OF
said Company Directors shall be elected an
nuallv. 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 Wee 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 it's officers, the management and
disposition of its business, property and effects,
the powers and conduct OF its 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
to one vote in person or by proxy for each share
of stock held by him for ninety days prior to
such election.
SEC. g. Seven of the directors shall constitute
q 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.
STOCKHOLDERS MEETINGS.
SEC. 1. Stockholders meetings may be called
at any time by the Board of Directors, and on the
requsiton Of the holders OF one-fifth 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
a majority of the stock there present and voting.
SEC. O. 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.
n,,:. ox.,;o, r,.r ho a;s.o,vod 81 O oenar.,
inns corPora.lon may W ssuts s ai
meeting convened lor eRaI al WIZ. H. .e
Sent Oh M ;r5 - ~ ,b ue st"c at
pany anu .Mo 'us =, Ine w. s,,ch S;ssoiut;on
such mee.Hg, aiI - oase VI sui thrso oo1oA
the sna Nv % sncb
I nssloneas eieo'ea 70 az Hbar H. flow
tne IeI "a ts si1';a I o,rd ~ to-
to he IN the same Wav eleced at
conl .lsi w 80 a+oaIboIdnrs convonad sor
a general naee'ins u s'o0hnoiueiS 'on'onoo ioi
'hs puspd Geaa o,,5 ,oeeod a. INV oesco in the
anans " of n dhr@ p'' Arus my and John w
,ntar iavfnI r,;treseas ras;d;n9 in this CITY
ahn ha,o h"renntn SIGNED their names a. snch
n law .i,e so;a oIraarars anS ,na sid
pfor,, -, AZ Iay month and vear herein first
no!aly, Oh .no raaan the whoia
WHEEL, at,o CO., NC M pAvrrv
GEO: JONAS, =.
.Ha ET, RANIETT 49,