The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-30
CHARTER.

| CHARTER.
not to impair its usefulness to the public unnec
essarly; or il temporarily 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,
any rights, privileges or franchises that any of
said parishes, cities or villages, may choose to
grant in reference to the construction, mainte.
nance, management and use OF the railroads OF
| said company, is depots, cars, locomotives and
| its business, within the limits of such or any of
| said parishes, cities and villages.
Ei0hth-To appropriate property according to
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,
sdngs, 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
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 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
it's corporate bonds or promissory notes, bea ing
interest at such rate per annum as the directory
may elect, and made payable in gold or the law
f,1I IF he init tat at nd
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 it's railroads, its 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 /. 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 (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 |
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 it's officers, the management and
disposition of it's business, property and effects,
the powers and conduct of its officers and agents.
and 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 stakeholder shall be entitled
10 one vote in person or by proxy for each share
Of stock held by him for ninety days prior to
such election.
SEC. g. Seven of the directors shall constitute
quorum for the transaction Of business, and
he 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
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-fifth of the
apital stock issued it shall be their duty to call
UGH meetings for the purpose OF amending this
Jharter and consideration of and action upon all
ther business Of the company, and all questions
rising at such meetings shall be determined by
ma jority Of the stock there present and voting.
Sec 2. The annual meeting of the stockholders
or the election of directors and transaction of
Wednesday in January of each year. [
ARTICLE vi.
LIQUIDATION. Is
This corporation may be dissolved at general {
netting 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
he liquidation shall be conducted by three COM q
lissioners elected by ballot at such meet ng At
nf rto no Lotto 7
hall be conducted by similar board of three {
to be in the same way elected at c
general meeting of stockholders convened for e
ne purpose.
resence of Andrew J. Armstrong and John W. t
[unter, lawful witnesses residing in this city,
no have hereunto signed their names as such,
,gether with the said appearers and me, said c
otary, on the day, month and year herein first T
ritten. after reading the whole u
Original Signedl G. W. R. BAYLEY,
j. A. GIRDNER, {
GEO. JONAS, I
JULIUS WEIS n
HUI. KENNEDY,
DAVID WALLACE, G
j.. B. WHEELOCK, 7
E. L. RANLETT,
JOHN Fl. KENNARD,
CYRUS BUSSEY,
JOHN PH Ell P; . 0'''
w. B. SCHMIDT n
SAM'L H. KENNEDY, r
A. J. ARMSTRONG, b
JOHN W. HUNTER, e,
J. G.. EUSTIS. Notary Public.
l, the undersigned Deputy Recorder Of Mort
ges in and for the parish of Orleans city of
wv Orleans, do hereby certify that the above n
d foregoing act Of incorporation of the "New u
leans Pacific Railway Company was this day So
ly recorded in my Office, according to law, in q
ok 118, folios 626, 627, 62S, 629, $50, 631 and
II,