The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-04
CHARTER.

l
essarly: or if Temporarily impaired in and during
| the construction of the said railroads. the salo
| company shall restore the same to It's FORMER
state, or to such state that its usefulness anu
CONVENIENCE to the public shall not De unpeces-
sariy impaired or in ured, and the said company
shall not be required to construct draw IN any
| 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.
anv rights, privileges or franchises that any or
said parishes, cities or villages, may choose to
| grant in reference to the construction, mamie.
| nance management and use the railroads o5
| said company, is depots, cars, locomotives and
| its business, within the limits OF such or any CT
said parishes, cities and Villages.
Eiehth-To appropriate property according 10
| existing laws.
Ninth-To cross, intercept, JON ana unite us
| RAILWAYS and prOrate with any other rallroao
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 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 aud appurtenances thereof, and MAINTAIN
and use the same as a 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 !lnes as
herenbefore 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
NAV 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 corpora ions, and for securing the pay
ment of said bonds or notes, to mortgage and
pledge its railroads. its capital stock, its corpor-
| ate franchises and any of its real or personal
property, OF 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 (l0) shares of the capital stock OF
| said CompSny. 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 dl fectors 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 tit touching the govern
ment of said Company, the transfer OF its stock.
| the election of its officers, the management and
disposition of it's business property and effects,
the powers and conduct Off officers and agents,
ana all other matters which shall in any way per
| ia n to the concern of the Company.
| SEC 2. All election for directors shall be by
| ballot and every stakeholder shall be entit led
| to one vote in person or by proxy for each share
of stock held by him for ninety days prioi to
| such election.
| SEC. 3. Seven of the directors shall constitute
q quorum for the transaction OF business, and
| the number of directors may be increa sed or
diminished by majority vote OF stockholders IL
interest at any regular meeting, provided the mum
| 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
| reauistion 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
| 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 NAV be dissolved al 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 a. such meet ng. At
| the termination of this Charter, the liquidation
shall be conducted by q similar board of three
| commissioners, to be in the same way elected at
general meeting Of stockholders convened fol
| the purpose.
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 a, 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. J.. RANLETT,
JOHN Fl. KENNARD,
CYRUS BUSsEY,
JOHN PHELPS, N'''
w. B. SCHMIDT,
SAML H. KENNEDY,
A. J. ARMSTRONG,
JOHN w. HUNTER,
JIG. 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
| and foregoing act Of incorporation Of the "New
Orleans Pacific Railway Company" was this day
duly recorded in my office according to law, in
book 119, foios 626, 627, 62S, 629, $50, 631 and
632.
New Orleans, June 30, 1875.
Original signed.) G. DARCANTEI,
Deputy Recorder.
certify the above and foregoing to be true
and correct copy of the original charter and GER
tiicate of recordation thereof now extant in my
current register.
In faith, whereof, ] grant these presents under
my hand and the impress of my official seal, this
Sd day of July, A. D. 1875.
J. G. EUSTIS, Notary Public.
i've I'm IS Carondelet street.
Mrs. III. Z. Elliott,