The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-28
CHARTER.

y
pike or canal which its said railways may so pas
upon, along or intersect, touch or CROSS 80
, not to impair its usefulness to the public unne'
essarily or If temporarily impaired in and durin
the construction Of the said railroads, the sal
, company shall restore the same to its forme
state, or to such state that it's usefulness an
CONVENIENCE to the public shall not be unnecei
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 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 @
; said parishes, cities or villages, may choose tt
grant in reference to the construction, mainte
nance, management and use of the railroads o
said company, j g depots, ears, locomotives an,
its business, within the limits Of such or any o
said parishes, cities and villages.
Eiehth-To appropriate property according II
existing laws.
Ninth-To cross, intercept, join and unite it,
railways, and prorate with any other railroad
heretofore or hereafter constructed in the State
Of Louisiana, or any other State, at any poin
upon its route and upon the ground of suct
other railroad, with the necessary turn-outs
sidings, switches and other conveyances, il
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 q part of the property oil
| this company.
| Eleventh-To borrow money or to purchase OF
lease property on it's own credit, for the purpose
of constructing and maintaining said railroads OF
establishing continuous and connecting lines az
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 corporate bonds or promissory notes, bearing
interest at such rate per annum as the directory
II. j., l1n
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, its capital stock, its corpo
rate franchises and any OF it's real or personal
property, or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS.
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
eaid 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 ana revoke
the same as they shall see fit touching the govern
ment of said Company, the transfer Of its stock
the election of its officers, the management and
disposition OF its 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. ALI 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. 8. 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-
Der shall not be less than seven nor more than |
fifteen.
ARTICLE
STOCKHOLDERS MEETINGS.
Sec. l. Stockholders meetings may be called |
It any time by the Board of Directors and on the |
'equisition of the holders Of one-ffth of the
capital stock issued it shall be their duty to call
'uch meetings for the purpose of amending this
Charter and consideration OF and action upon all |
,ther business OF the company, and all questions
rising at such meetings shall 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
Wednesday in January Of each year.
ARTICLE vi.
LIQUIDATION.
This corporation may be dissolved at general
Meeting convened for that purpose with the as
ent Of three-fourths of the stock of the COM
any and two thirds of the stock represented at
UGH meeting, and in case OF such dissolution
be liquidation shall be conducted by three COM
lissioners elected by ballot at such meeting. at
nPt .lol,z |
hall be conducted by similar board of three
to be in the same way elected at
general meeting Of stockholders convened for
he purpose.
Thus done and passed, at my office, in the
resence of Andrew ]. Armstrong and John w.
[unter, 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
ritten, after reading the whole.
Original Signedl G.. w. r. BAYLEY,
J.A. GIRDNER,
GEO. JONAS, {
JULIUS WEIS,
HUI. KENNEDY,
DAVID WALLACE,
E. B. WHEELOCK, (
E. L. RANLETT, J
JOHN 81. KENNARD,
CYRUS BUSsEY,
JOHN PHELPS,
w. B. SCHMIDT,
SAML II. KENNEDY, 0
A. J. ARMSTRONG,
JOHN W. HUNTER, b
J. G. EUSTIS, Notary Public. C
l, the undersigned Deputy Recorder Of Mort
gees in and for the parish of Orleans, city of
Nv Orleans, do hereby certify that the above b
d foregoing act OF incorporation of the "New i
leans Pacific Railway Company" was this day 8
ly recorded in my Office, according to law, in 4
ok 11s, foios 626, 627, 62S, 629, $780, 631 and
3. ii
New Orleans, June 20, 1875. b
Original signed.) @. DARCANTEL, a
Deputy Recorder.
certify the above and foregoirg to be true is
correct copy of the original charter and Ger t.
cate Of recordation thereof, now extant in my D
trent register. al
In faith, whereof, grant these presents under 81
hand and the impress of my official seal, this
day of July, A. d. 1875. III
J. G. EUSTIS, Notary Public.
y6 I'm IS Carondelet street. |
STATE OF LOUISIANA, I lie
RIsH OF ORLEANS, CITY OF NEW ORLEANS. lbt
BE 1T KNOWN, that, on this Eighteenth day y. "
the month of June, in the year of our Lord, u
e thousand eight hundred and seventy-fve, VI