The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-28
CHARTER.

essarlly; or Ii temporarily III palreQ III ana during
the construction of the said railroads, the said
company shall restore the game to its former
state, or to such state that its usefulness and
CONVENIENCE to the public shall not be uineces.
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.
from any parish, city or village within this State,
4 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
it's business, within the limits OF such OF 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 it's route and upon the ground OF such
other railroad, with the necessary turn-outs,
| aidings 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 credit, fer the purpose
of constructing and maintaining said rairoaos 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 promlssory notes, bea ing
interest at such rate per annum as the directory
may elect, and made payable IN gold or the law
ful money of the United States at such times and
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. l. 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
ment Of said Company, the transfer of its stock.
the election of its officers, the management and
DISPOSE ion 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-
tam to the concern of the Company.
SEC. q 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. g. Seven of the directors shall constitute
q 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 M etng provided the num-
Der shall not be less than seven Nor more than
fifteen.
ARTICLE v.
STOCKHOLDERS MEETINGS.
Sec. 1. Stockholders meetings may be c&lled |
at any time by the Board of Directors, and on the
requisition Of the holders Of one-ifth 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 general
ee'nS iol epI ~ III ~ .ie %s
senS =, ~ .b;r5s - 40 $50 ~
pas anu tMo d i, S.,e ~ s,,nb d;ssno;o
e ~ I'LL 10 nanan+ad Nv thpoa oo,,a
e iaotaG ~ ot s7c,
~ a..ti,, - H. 1ii1ort, H.
lhe IN al ' Nv s,a hoor5 Of throa
~ he N tba same wav electaJ az
W - ~ wy ~
general alaee'iii5 u s'ooAnoiieis oonS0neu ioi
~ Th,,s 9oeaa o5 nossod A. NV ofica in tho
,rasa anS o ~ an5rew A,mstrona and iohn w
b Snrf,I 1to.,as rosidi,'o in Ais n;+v
herentn ssnsd tber ss scb
J it AZ sai o,aarars nd no soii
~, ~ dav n,on+hp pnd reor harar frst
Iotaiy, On .l,e uas, ,n4 4 Iu soai neio nis'
" 1870: Ailo 60 VIC w ID pAyTrv
GEO. JONAS.
JULIUS WEIs,
nv ,-I hE ~
D = W MAnL nGT'
T. p n tN4 E1JH
r. n ~ n n EE5NH',pD
WINS WIN N 6I re ~
C1hOD DOoSEls