The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-06
CHARTER.

upon, along or intersect, touch or cross so a.
not to impair it's usefulness to the public unnec
essarily; or if 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 ant
CONVENIENCE to the public shall not be unneces
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 Ii
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 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, cars, locomotives ant
its business, within the limits of such or any o.
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 it's route and upon the ground of euch
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
| erty and appurtenances thereof, and maintain
| and use the same as part of the property OF
| 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 aud 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 rporate bonds or promissory notes, bearing
lntere 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
ha m tta
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.
ARTICLE ".
BOARD OF DIRECTORS.
Sec. 1. The corporate powers of this Compa.
ny shall be vested IN a 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 l0) 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 di ectors 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 they shall see fit touching the govern
ment Of said Company the transfer of its stock
the election of its officers, the management and
dlsposi ion of it's 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 emit led
to one vote in person or by proxyfor each share
of stock held by him for ninety days prior to
such election.
Sec. s. 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 regular meeting, provided the num-
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS..
SEC. 1. Stockholders meetings may be called
at any time by the Board of Directors and on the
requisition of the holders of one-ffth of the
capital 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
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. 2. The annual meeting of the stockholders
for the election of directors and transaction of
the regular business shall be held on the second
Wednesday in January of each year.
ARTICLE vi.
LIQUIDATION.
This corporation may be dissolved at a general
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 meet ng at
the termination of this Charter. the liquidation
shall be conducted by similar board of three |
to be in the same way elected al
, general meeting of stockholders convened for
the purpose. |
Thus done and passed. at my office, in the |
presence of Andrew J. Armstrong and John W. |
Hunter, lawful witnesses residing in this city |
who have hereunto signed their names as 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. r. BAYLEY,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HUI. KENNEDY,
DAVID WALLACE,
f. B. WHEELOCK,
E. l.. RANLETT,
JOHN Fl. KENNARD,
CYRUS BUS,EY,
JOHN PRE Fl P: i" '''
W. b. SCHMIDT
SAM'L H. KENNEDY,
A. J. ARMSTRONG,
JOHN W. HUNTER,
J. G. EUSTIS, Notary Public.
l, the undersigned Deputy Recorder of Mort
ages in and for the parish of Orleans, city of
lew Orleans, do hereby certify that the above
nd foregoing act of incorporation of the sNew
orleans Pacific Railway Company" was this day
uly recorded in my office, according to law, in
ook 118, folios 626, 627, 628, 629, $50, 631 and
80.
New Orleans June 20, 1875.
Original signed) G. DARCANTEL,
Deputy Recorder.
1 certify the above and foregoing to be true
nd correct copy of the original charter and GER
fcate of recordation thereof, now extant in my
urrent register.
In faith, whereof grant these presents under
~ hand and the impress Of my official seal, this
day of July, A. D. 1875.
J. G. EUSTIS, Notary Public.
i've I'm 35 Carondeet street.
STATE OF LOUISIANA, Ii
ARIsH OF ORLEANS, CITY OF New ORLEANS. II
BE 1T KNOWN, that, on this Eighteenth day ,
the month of June, in the year of our Lord, |
ne thousand eight hundred and seventy-five,
I'd Of the Independence of the United States of
merca the ninety-ninth,
Before me. JOHN G. EUSTIS, Notary Pub