The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-14
CHARTER.

I. company shall restore the same to its forme
70 state, or to such state that ito Usefulness an
!, 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 navigabie by enrolled and Ii
censed vessels, and when required by law. ~
, Seventh-To obtain, by grant or otherwise
I from any parish, city village within this State
:, any rights privileges or franchises that any O
> said parishes, cities or villages may choose to
!. grant in reference to the construction, mainte
nance management and use Of the railroads o
said company, depots, ears, locomotives ans
> it's business, within the limits of such or any O
said parishes, cities and villages.
Eehth-To appropriate property according II
existing laws. 80
. 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 euch
other railroad, with the necessary turn-outs
sidings, switches and other conveyances in
Ifurtherance OF the objects Of its connections.
4 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 . part OF the property of
! this company. .s..es ~ +.5a'l- y =. T..
Eleventh-To borrow money or to purchase or
lease property on it's own credit, for the purpose
Of constructing and maintaining said railroads or
establishing continuous and connecting lines as
hereinbefole 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
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 its railroads, its capital stock, its corpo-
rate franchises and any OF its real or personal
property, or any portion OF the same. ~ ii
ARTICLE ~. t1l..r. III
BOARD OF DIRECTORS. b.i
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 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
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 anotherll
Treasurer, and shall have power to make and |
prescribe such bylaws and rules and regulations,
and from time to time alter, amend ano 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 its officers and agents,
ana 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 stockholder 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. IL tsfrrp = ~ ~
SEC. 3. Seven Of the directors shall constitute
. quorum for the transaction of business, and
the number of directors may be incressedor
diminished by majority vote Of stockholders in
interests at any regular meeting, provided the num-
Der shall not be less than &c ven nor more than
fifteen. = " to+ l.
ARTICLE V. - /
STOCKHOLDERS MEETINGS.
SEC. L. Stockholders meetings NAV be called
1t any time by the Board Of Directors and on the
'equisition OF the holders Of one-ffth of the
,apital 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
rising at such meetings shall ba 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. 1t
ARTICLE vi. e
LIQUIDATION.
This corporation may be dissolved at q general g
Meeting convened for that purpose with the as q
ent OF three-fourths of the stock of the com I
ANY ana TWO tnTdS OF Inc st0ck represented at L
uch meeting, and in case of such dissolution g
he liquidation shall be conducted by three COM 3
elected by ballot at such meeting. At
DO termination Of this Charter, the liquidation
hall be conducted by q similar board of three P
to be in the same way elected at o
general meeting Of stockholders convened for G
ne purpose. =rL 53 rtr,r-s a g
Thus done and passed. at my office, in the
resence of Andrew j. Armstrong and John W. e
[unter, lawful Witnesses residing in this CITY, Il
no have hereunto signed their names a. such,
,gether with the said appearers and me, said
otary, on the day, month and year herein first G.
ritten, after reading the whole. ~-l 4 B
Original signedl g. W. r. BAYLEY, u
]. A. GIRDNER, A
,.. Tvs q t-rcf III GEO. JONAS, ~ 10
...-.i. JULIUS WEIS, IL
HU. KENNEDY. R
DAVID WALLACE, A
...F.-. j.. B. WHEELOCK, G.
E. L. RANLETT, III.
A9 JOHN Fl. KENNARD, H
CYRUS BUSSEY, "a
r- by L. & Co. NJ
JOHN PHELPS,
'sl s:=Et 1T w. B. SCHMIDT, Pl
t SAML FL. KENNEDY, or
A. J. ARMSTRONG, b
- Il JOHN w. HUNTER, he
J. G. EUSTIS. Notary Public. ce
|, the undersigned Deputy Recorder Of Mort -
ges in and for the parish Of Orleans, city of q