The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-10
CHARTER.

upon, along or intersect touch or cross, 80 a
!, not to impair its usefulness to the public unnec
essarily; or if temporarily impaired in and durn
i the construction Of the said railroads, the sal
!. company shall restore the same to it's forme
state, or to such q state that its usefulness an
CONVENIENCE to the public shall not be unneces
: sarily impaired or injured, and the said compan
> shall not be required to construct draw in an
: bridge over and across any stream or bayou
: except streams navigable by enrolled and Ii
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 te
grant in reference to the construction, mainte
nance, management and use of the railroads o
said company, depots, cars, locomotives ant
> its business, within the limits of such or any
said parishes, cities and villages.
Eiehth-To appropriate property according tt
| existing laws.
|, Ninth-To cross, intercept, join and unite its
railways, and prorate with 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 such
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 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 a part of the property Of
this company.
Eleventh-To borrow money or to purchase OF
lease property on its credit, for the purpose
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
its G. rporate bonds or promissOry notes, bearing
intere 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
pledge it's railroads, it's capital stock, its corpo
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 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
Is.
and from time to time alter, amend ano revoke
the same 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
the powers and conduct of it's officers and agents.
ana 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
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
quorum for the transaction of business, and
the number of directors may be increa sed 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 NAV 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
a majority of the stock there present and voting
SEC. 2. 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 a 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
missioners elected by ballot at such meet ng. At |
the termination of this Charter. the liquidation |
to be in the same way elected at |
a general meeting of stockholders convened for |
the purptee.
Thus done and passed. at my Office in the |
presence of Andrew J. 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 Signed) G. w. r. BAYLEY,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HUI. KENNEDY,
DAVID WALLACE,
+. B. WHEELOCK,
E. L. RANLETT,
JOHN Fl. KENNARD,
CYRUS BUSsEY,
JOHN ra {sE Z; Co.
w. B. SCHMIDT,
SAM'L FL. KENNEDY,
A. J. ARMSTRONG,
JOHN W. HUNTER,
y. ". EUSIlS, Notary PuDllc.
|, the undersigned Deputy Recorder Of Mort
ages in and for the parish of Orleans, city of
Jew Orleans, do hereby certify that the above
nd foregoing act OF incorporation of the ''New
orleans Pacific Railway Company" was this day
uly recorded in my office, according to law, in
ook 118. foios 626, 627, $685. 629, $50, 631 and
80. 8
New Orleans, June 20, 1875 !
Original signed.) G. DARCANTEL, >
Deputy Recorder.
I certify the above and foregoing to be true I
nd correct copy of the original charter and GER
fcate of recordation thereof, now extant in my 7
lrrent register. a
In faith, whereof, grant these presents under q
" hand and the impress Of my official seal, this
! day of July, A. D. 1875. u
J. G. EUSTIS, Notary Public.
jy6 I'm IS Carondelet street.
STATE OF LOUISIANA, Ii.
ARIsH OF ORLEANS, CRY OF New ORLEANS, h
BE IT KNOWN, that, on this Eighteenth day u
the month of June, in the year OF our Lord, Il
ne thousand eight hundred and seventy five, O
id of the Independence of the United States of e.
merica the ninety ninth, Of
Before me, JOHN G. EUSTIS, Notary Pub
), in and for this City and Parish of Orleans,
ate of Louisiana, duly commissioned and quail b.
a,,I ;,af I,a IF | q