The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-16
CHARTER.

essarly or if 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 niured, and the said company
shall not be required to construct draw IN any
bridge over and across any stream or bayou
except streams navigabie by enrolled ana IL
censed vessels, and when required by law.
| Seyenth-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
| grant in reference to the constructor, malnter
nance management and use the railroads oi
| said company, is depots, cars locomotives ahI
its business. within the limits OF such or any Oh
| said parishes, cities and villages.
EiShth-To appropriate property according 10
existing laws. ;4
Ninth-ro 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 polliv
upon its route and upon the ground OF such
other railroad, with the necessary tnrn-ou's,
-idings, switches and other conVeyances, IL
furtherance of the objects of its connections.
Tenth-To purchase or lease from any railroad
com pany or corporation, at any au1hollzeo SAT-,
any railroad, and the charter Franchises, prop
ertv and appUrtenances thereof, aud maintain
and use the same a part OF the property Oh
this company.
Eleyenth-To borrow money or to purchase or
OF constructing and maintaining said ralroaus or
establishing continuous and connecting nnes as
hereinbe fore provided; and as evidence or the III
debtedness Of said company for such loans, or
the purchase or lease OF such property, to issue
its corporate bonds or prOmissory notes, bea ing
interest at such rate per aunum as the directory
may elect, and made payable III gold or the law
full money of the United States at such times ana
places as may be deemed most to the advantage
of the corporations, and for securing the pay
do y1ntnS fn n1t ora
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. 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 sdch 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 It's 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,
anu all other matters which shall in any way per-
tain to the concern OF the Company.
Sec 2. Ali election for directors shall be by
ballot and every atockhOlder shall be entitled
to one vote IN person or by proxy for each snare
of stock held by him for ninety days prior to
such election.
SEC. 8. Seven of the directors shall constitute
a quorum for the transaction OF business, and
the number of directors may be increased or
diminished by majority vote of stockholders In
interest at any re guar meeting, provided the num-
Der shall not be less than seven nor more than
fifteen.
ARTICLE v
STOCKHOLDERS MEETINGS.
SEC /. Stockholders meetings may be ctlled
st any time by the Board of Directors, and Oh the
requisition of the holders OF one-tfth OF the
capital stock issued it shall he 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. q The annual meeting OF the stockholders
for the election of directors and transaction Of
the regular business ehal be held on the second
Wednesday IN January OF each year.
ARTICLE VI.
LIQUIDATION.
This corporation may be dissolved at Sgeneral
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 at such meeting. At
the termination of this Charter, the liquidation
shall be conducted by a similar board of three
commissioners, to be in the same way elected at
general meeting OF stockholders convened for
the purpose.
THUS done and passed, at nay 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. X. BAYLEY,
J. A. GIRDNEI,
GEO. JONAS,
JULIUS WEIs,
HUI. KENNEDY,
DAVID WALLACE,
j.. B. WHEELOCK,
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSoEY,
JOHN pBR Fl ?: q 0'''
W. B. SCHMIDT,
SAh'L H. KENNEDY,
A. ]. ARMSTRONG,
JOHN W. HUNTER, e
J. G. EUSTIS. Notary Public.
/, 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 118. foios 626, 627, 628, 629, 63O, 631 and
632.
New Orleans, June 20, 1875.
Original signed.) G. DARCANTEL,
Deputy Recorder.
certify the above and foregoing to be true
and correct copy Of the original charter and GER
tfcate 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.
]. G. EUSTIS, Notary Public
jy6 I'm 35 Carondelet street
Mrs. III. 4. Elliott,