The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-16
CHARTER.

1
essarily; or if temporarily impaired In and durins
the construction Of the said railroads, the sail
| company shall restore the same to its forme
state or to such state that its usefulness ant
CONVENIENCE to the public shall not be unneces
| sarily impaired or injured, and the said compan,
| shall not be required to construct a draw In an,
bridge over and across any stream or bayou
except streams navigable by enrolled and Ii
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 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.
Eiehth-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,
sidings, switches and other conveyances, in
furtherance Of the objects of its 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
and use the same as part Of the property of
this company
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
its corporate bonds or promissory notes, bearing
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 times and
places as may be deemed most to the advantage
~ fhn yotIn md fN thn
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 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 time to
time be appointed by such board. No person
shall be director who is not the actual owner of
at least ten QO) 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,
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 fit touching the govern
ment OF said Company, the transfer of its stock.
the election of its officers, the management and
disposition of it's business, property and effects,
The powers and conduct of its officers and agents.
anl all other matters which shall in any way per.
,ain to the concern of the Company.
Sec. q ALI election for directors shall be by
ballot, and every stakeholder shall be entitled
q one vote in person or by proxy for each share
IF stock held by him for ninety days prior to
'uch election.
SEC. 3. Seven Of the directors shall constitute
! quorum for the transaction of business, and
he number OF directors may be increased or |
diminished by ma jority vote of stockholders in
interest at any regular meeting, provided the num-
Der shall not be less than seven nor more than
fifteen. y"
ARTICLE v. ",.. ~s
STOCKHOLDERS MEETINGS. ' 1
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 |
yharter 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 III January OF each year. e..
An vi.
LIQUIDATION.
This corporation may be dissolved at general
leetlng 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
1e liquidation shall be conducted by three COM
lissioners elected by ballot at such meeting At
re 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.
Thus done and passed, at my Office in the
resence of Andrew ]. 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 Signed): G. W. X. BAYLEY,
]. A. GIRDNER,
GEO. JONAS,
JULIUS WEIs,
HUI. KENNEDY,
DAVID WALLACE,
E.B WHEELOCK,
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSsEY,
by L. & Co.
JOHN PHELPS,
W. SCHMIDT,
SAML H. KENNEDY, {
A. J. ARMSTRONG,
JOHN W. HUNTER,
J. G. EUSTIS, Notary Public.
|, the undersigned Deputy Recorder of Mort
ges in and for the parish of Orleans, city of
Nv Orleans, do hereby certify that the above :
d foregoing act of incorporation of the s'New I
leans Pacific Railway Company" was this day :
ly recorded in my Office, according to law, in
ok lis. foios GIG, 627, 62S, 629, $50, 631 and
}. G
New Orleans, June 20, 1875. =
Original signed.) c. DARCANTFI,
Deputy Recorder.
certify the above and foregoing to be a true r
d correct copy of the original charter and Ger =
cate of recordation thereof, now extant in my T
rent register. q
n faith, whereof, grant these presents under q,
hand and the impress Of my official seal, this
day of July, A. D. 1875. n
J. G. EUSTIS, Notary Public.
y6 I'm 35 Carondeet street. |
STATE OF LOUISIANA, 81
RIsH OF ORLEANS, CITY OF New ORLEANS. { L
BE 1T KNOWN, that, on this Eighteenth dav II
the month of june, in the year of our Lord, IL
) thousand eight hundred and seventy-tive, O,
of the Independence of the United States of e,
lerica the ninetv-ninth, OF
Before me. JOHN G. EUSTIS, Notary Pub
in and for this City and Parish of Orleans,
tie OF Louisiana, duly commissioned and quail be