The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-29
CHARTER.

not to impair its usefulness to the public unnec-
essarily; or if temporarly impaired in and during
the construction of the said railroads, the said
company shall restore the same to its former
state, or to such state that its usefulness and
CONVENIENCE to the public shall not be unneces-
sarily impaired or injured, 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 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 of
said parishes, cities or villages, may choose to
rant in reference to the construction, mante
nance management and use 1.-THE railroads OF
said company, is depots, cars, locomotives and
its business, within the limits OF such or any OF
said parishes, cities and yDlages
Eiehth-To appropriate property according to
existing laws. =.
Ninth-To cross, intercept, join and unite its
railways, and prorate with any otner raliroao
heretofore or hereafter constructed III .he oSeSo
of Louisiana or any other State, at any polnt
upon it's route and upon the ground OF sucn
other railroad, with the necessary turh-outs,
| sdngs, switches and other conveyances, III
| furtherance OF the objects of Its connexions
Tenth-To purchase or lease from any rallfoad
| company or corporation at any authorized sale,
any railroad, and the charter, franchises, prop
| ertv and appurtenances thereof, and MAINTAIN
and use the same as part OF the property Vi
| this company.
1
| lease property on its own credit, for the purpose
| of constructing and maintaining said railroads or
| establishing continuous and connecting ilnes AZ
hereinbefore provided; and as evidence OF the IN
debtedness OF said company for such loans, OF
the purchase or lease OF such property, to issue
It's corporate bonds or promlssory notes, pea 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 tunes ana
places as may be deemed most to the advantage
| Of the corporation and for securing the pay
ment of said bonds or notes, to mortgage ana
pledge it's railroads, it's capital stock, its corpor-
| ate 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'
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 oil
st least ten (1O) shares OF the capital STOCK OF
said Company. Directors shall be elected an
nually and continue in Office until others are
detected to fill their place, and shall have power tC
fill vacancies in their NUMBER caused by death
resignation or otherwise. The directors shal
elect one of their number as President OF salC
Company. another Vice President, and another
Treasurer, and shall have power to make anc
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 ant
disposition of its business, property andehects
the powers and conduct OF its officers and agents
ana all other matters which shall ID any way per
tam to the concern OF the Company
SEC. q All election for directors shall be D!
ballot, and every stakeholder shall be entitled
to one vote in person CT by proxyfor each shart
, of stock held by him for ninety days prior tt
such election.
SEC 3. Seven of the directors shall constitute
a ouorum for the transaction of business, ant
the number of directors may be increased OF
diminished by majority vote OF stockholders IL
interest at any regular meeting, provided the mum
Der shall not be less than seven nor more thai
fifteen.
STOCKHOLDERS MEETINGS.
| SEC. 1. Stockholders meetings may be called
at any time by the Board of Directors, and on thu
requisition of the holders OF one-hfth OF tn
CAPITAL stock issued it shall be their duty to cal
such meetings for the purpose OF amending th
Charter and consideration OF and action upon al
2 other business Of the company, and all question:
arising at such meetings shall be determined b.
a majority of the stock there present and voting
Y SEC. q The annual meeting of the stakeholder
for the election of directors and transaction Q
the regular business shall be held on the secOnt
Wednesday in January OF each year.
] ARTICLE VI.
e LIQUIDATION.
This corpora ton may be dissolved at genera
s meeting convened for that purpose with the az
r sent of three-fourths of the stock of the com
pany and two thirds of the stock represented a
i such meeting, and in case OF such dlssolutIo
the liquidation shall be conducted by thfee CON
2 missioners elected by ballot a. such meet ng a
s the termination of this Charter, the iquldatlo
: shall be conducted by similar board OF thre
i commissioners to be in the same way elected a
general meeting OF stockholders convened 10
the purpose. ,
Thss done and passed, at my Office, in tn
nresence of Andrew J. Armstrong and John.N
Hunter, lawful witnesses residing in this city
= who have hereunto signed their names as suct
. together with the said appearers and me- sal
! notary on the day, month and year herein hrs
! written, after reading the whole.
i Original Signed) G. W. X. BAYLEY,
"A. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HU. KENNEDY,
DAVID WALLACE,
F.B. WHEELOCK,
E. L. RANLETT.
:; JOHN 81. KENNARD,
CYRUS BUSoEY,
9 JOHN PHELPS Fl P: q ''''
. W. b SCHMIDT,
SAML Fl. KENNEDY,
Z A. J. ARMSTRONG,
JOHN W. HUNTER,
JIG. EUSTIS. Notary Public.
q |. the undersigned Deputy Recorder OF Nor
y cages in and for the parish OF Orleans, city
I New Orleans, do hereby certify that the a apo.
! and foregoing act of incorporation of the me
4 Orleans Pacific Railway Company" was this da
f duly recorded in my Office, according to law,
book 118, folios GIG, 627, 628, 629, $50, 65l an
h 632.
q New Orleans, June 20, 1875.
i Original signed.) &. DARCANIEl,
u Deputy Recorder.
:, certify the above and foregoi 6 to be a tru
4 and correct copy of the original charter and ce
: tifcate of recordation thereof, now extant III m
I current register.
y In faith, whereof, grant these presents undo
! nv hand and the impress Of my official seal, tn
:. Sd day of July, A. d. 1875.
j. G. EUSTIS, Notary Public.
, i've I'm 50 Carondelet street.
) Mrs. H. Z. Elliott,