The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-06
CHARTER.


: sarily impaired or injured, and the said compar
shall not be required to construct draw in ar
bridge over and across any stream or bayol
except streams navigable by enrolled and
censed vessels, and when required by law.
Seyenth-To obtain, by grant or otherwise
from any parish, city or village within this Stat
any rights, privileges or franchises that any
said parishes, cities or villages, may choose t
grant in reference to the construction, maintt
nance, management and use Of the railroads
said company, i depots, cars, locomotives an
its business, within the limits of such or any
| said parishes, cities and vilages.
Els hth-To appropriate property according t
| existing laws. f
| Ninth-To cross, intercept, join and unite il
railways, and prorate with any other railroa
heretofore or hereafter constructed in the Stat
1 Of Louisiana, or any other State, at any poin
1 upon its route and upon the ground OF suc
| other railroad, with the necessary turn-ou ia
| sidings, switches and other conveyances il
| furtherance OF the objects OF its connections.
Tenth-TO purchase or lease from any railroal
com pany or corporation, at any authorized sale
any railroad. and the charter, franchises, prop
erty and appurtenances thereof, and maintain
and use the same as q part of the property o
this company. ha
lease property on its own credit, for the purpos
Of constructing and maintaining said railroads o.
establishing continuous and connecting lines al
hereinbefore provided, and as evidence Of the in
debtedness Of said company for such loans, Oh
the purchase or lease Of such property, to issue
its Corporate bonds or promissory notes, bearing
interest at such rate per annum as the director,
may elect, and made payable in gold or the law
full money Of the United States at such times ant
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, its capital stock, its corpo.
rate franchises and any OF it's real or personal
property, or any portion OF the same.
ARTICLE Nv.
BOARD OF DIRECTORS.
SEC. l. The corporate powers of this Compa
ny shall be vested IN Board Of Directors COM
poeed 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 and revoke
the same as they shall fit touching the govern
ment of said Company, the transfer Of its stock
the election OF its officers, the management and
dlsp os!uoa OF it's business property and effects,
the powers and conduct of it's officers and agents.
anu 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 proxyfor each share
such election
Sec. 3. Seven Of the directors shall constitute
. 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-
ber shall not be less than seven nor more than
fifteen. Sis
ARTICLE V.
5Ca STOCKHOLDERS MEETINGS.
Sec /. Stockholders meetings NAV be called
1t any time by the Board Of Directors and on the
requisition of the holders Of one-ffth 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
,ther business Of the company, and all questions
arising at such meetings shall bs determined by
majority OF the stock there present and voting
SEC. q The annual meeting of the stockholders
or the election of directors and transaction of
he regular business shall be held on the second
N ednesday In January of each year.
ARTICLE VI.
LIQUIDATION.
This corporation may be dissolved at q general
meeting convened for that purpose with the as
SAAo
amy and two thirds OF the stock represented at
UGH meeting, and in case OF such dissolution
he liquidation shall be conducted by three COM
aissioners elected by ballot at such meet ng. At
he termination Of this Charter, the liquidation
hall be conducted by q similar board of three
commissioners, to be in the came way elected ct
general meeting of stockholders convened for
he purpose.
Thus done and passed, at my office, in the
resenee of Andrew J. Armstrong and John w. |
[unter, lawful witnesses residing in this CITY, |
ho have hereunto signed their names a. such, |
'gether with the said appearers and me, said |
otary, on the day, month and year herein first |
ritten, after reading the whole.
Original Signed) G.. w. X. BAYLEY.
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEII, l.
HU. KENNEDY,
DAVID WALLACE,
j. B. WHEELOCK,
E. L. RANLETT,
JOHN FL. KENNARD, /
uY1 CYRUS BUSsEY,
JOHN PHELPS,
w. B. SCHMIDT,
SAM'L Fl. KENNEDY,
A. J. ARMSTRONG,
JOHN w. HUNTER,
]. G. EUSTIS, Notary Public IL
l, the undersigned Deputy Recorder Of Mort.
ges in and for the parish OF Orleans, city of