The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-26
CHARTER.


pike or canal which its said railways may 80 pas
upon, along or intersect, touch or Cross so 9
, not to impair its usefulness to the public unne
essarily; or il 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 its 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 L
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 Q
said parishes, cities or villages, may choose t.
grant in reference to the construction, mainte
nance, management and use Of the railroads O
said company, i depots, cars, locomotives an,
it's business within the limits of such or any O
said parishes, cities and villages.
Eiehth-To appropriate property according t.
| 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 it's route and upon the ground Of suct
| other railroad, with the necessary turn-outs
sidings, 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
and use the same as part Of the property Of
this company.
Eleventh-To borrow money or to purchase OF
lease property on its own credit, for the purpose
Of constructing and maintaining said railroads OF
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, bearing
interest at such rate per annum as the directory
o1a md do 40 inn f1,ola
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 its real or personal
property, or any portion of the same.
ARTICLE ".
BOARD OF DIRECTORS.
SEC. l. The corporate powers Of this Oompa.
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 ill their place, and shall have power to
fill vacancies in their number caused by death,
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 and 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 stakeholder shall be entitled
10 one vote in person or by proxy for each share
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 lees than seven nor more than !
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS. |
Sec. 1. Stockholders meetings may be called |
It any time by the Board of Directors, and on the
equisition of the holders of one-ftth of the |
apital 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
leeting 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
ne liquidation shall be conducted by three COM
lissioners elected by ballot at such meeting At
ne termination Of this Charter. the liquidation
nall be conducted by similar board of three
to be in the same way elected at |
general meeting OF stockholders convened for
Re purpose.
resence of Andrew J. Armstrong and John w.
unter, lawful witnesses residing in this city,
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
ritten, after reading the whole.
Original Signedl G.. W. r. BAYLEY, |,
J. "A. GIRDNER,
GEO. JONAS, II
JULIUS WEIS, |.
HU. KENNEDY,
DAVID WALLACE, /
f. b. WHEELOCK,
E. L. RANLETT, J
JOHN Fl. KENNARD,
CYRUS BUSsEY,
JOHN pB SsE Z; Co.
w. B. SCHMIDT, I
SAM'L Fl. KENNEDY, Q
A. J. ARMSTRONG, I
JOHN W. HUNTER, b
]. G. EUSTIS Notary Public. C
|, the undersigned Deputy Recorder of Mort
ges in and for the parish of Orleans, city of
w Orleans, do hereby certify that the above h
d foregoing act of incorporation of the "New T
leans Pacific Railway Company was this day =
ly recorded in my Office, according to law, in Z
Ok 49, foios 626 627, 62S, 629, $50, 631 and
}. g
New Orleans, June 20, 1875. Il
Original signed.) G. DARCANTEL, a
Deputy Recorder.
certify the above and foregoio to be a true IS
correct copy of the original charter and GER IL
cate Of recordation thereof now extant in my b
rent register. a,
n faith, whereof, grant these presents under a.
hand and the impress of my official seal, this
day Of July, A. D. 1875. II,
j. G. EUSTIS, Notary Public
y6 I'm IS Carondelet street.
STATE OF LOUISIANA, ie
RIsH OF ORLEANS, CRY OF New ORLEANS bf
Re IT KNOWN, that, on this Eighteenth day sr
he month of June, in the year Of our Lord, th
, thousand eight hundred and seventy five, or
of the Independence of the United States of ez