The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-12
CHARTER.

the construction OF the SAID TatlIo"uc, $3.50.
company shall restore the same to It's lorMol
state. or to such state that its usefulness anu
CONVENIENCE to the public shall not pc unneces-
sarly impaired or injured, and the SAID company
shall not be required to construct draw ~ any
bridge over and across any stream OF payo ~
eycent streams navigable by enrolled and IL
censed vessels, and when required by law.
Seyenth-To obtain, by grant or otherWlse'
from any parish, city or village WITHIN this otates
auv rights, privileges or franchises mat any "
said parishes. cities or villages, may choose to
Grant in reference to the construction, mamie.
ooance management and use 1.-THE railroads OF
said company, i 8 depots, cars, locomotives ano
it's business, within the limits OF such or any Oh
said parishes. cities and villages. ous;,,, 10
Eehth-To appropriate property according 10
Ninth-To cross. intercept, join and unite Its
railwavs and prorate with any other railroad
heretofore or hereafter constructed IN llie oesse
of Louisiana, or any other State, at any PONY
mon its route and upon the ground OF such
other railroad, with the necessary turn-outs,
sidings. switches and other conveyances, III
furtherance of the objects OF it's connexions.
Tenth-To purchase or lease from any fall ls1"
com oany or corporation, at any authorized SAFE
any railroad. and the charter, franchises, prop
erty aud appurtenances thereof, and MAINTAIN
and use the same as a part OF the properly Oh
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 or
establishing continuous and connecting lines as
hereinbefore provided and as evidence OF the ln-
debtedness OF said company for such loans, OF
the purchase or lease OF such property, to issue
its corporate bonds or promissory notes, pea ing
interest at such rate per annum as the directory
NAV elect, and made payable in gold or the law,
full money of the United States at such tunes ana
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 its railroads, its capital stock, It's corpor
ate franchises and any of its real or personal
property, or any portion OF the same.
ARTIcLE ".
BOARD OF DIRECTORS.
SEC /. The corporate powers OF this Oompa'
nv 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 (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 irectors 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 it's officers, the management and
dlsposiio of it's business property and effects,
the powers and conduct of it's 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
to one vote in person or by proxyfor each share
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
interests at any regular meeting, provided the num-
Der shall not be less than seven nor more than
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
FEC 1. Stockholders meetings may be cslled
at any time by the Board of Directors, and on the
reauisition of the holders OF one-fifth 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
majority Of the stock there present and voting.
SEC g. 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 al general
meeting convened for that purpose with the az
sent of three-fou1ths of the stock of the com
pany and two thirds Of the stock represented at
such meeting, and in case OF such dissolution
the foundation 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
commissioners, to be in the same way elected at
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. i. BAYLEY,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEIS
HUI. KENNEDY,
DAVID WALLACE,
i. B. WHEELOCK,
E. L. RANLETT,
JOHN Fl. KENNARD,
CYRUS BUSoEY,
JOHN PHELPS fsE 2; q a'''
w. SCHMIDT,
SAML Fl. KENNEDY,
A. J. ARMSTRONG,
JOHN w. HUNTER,
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 &c. GIT, 62S, 629, $50, 631 and
632.
New Orleans, June 20, 1875.
Original signed.) @. DARCANTEL,
Deputy Recorder.
I certify the above and foregoi to be true
and correct copy of the original charter and GER
tifcate of recordation thereof, now extant in my
current register
In faith, whereof grant these presents nnder
my hand and the impress Of my official seal, this
Sd day of July, A. D. 1875.
j. G.. EUSTIS, Notary Public.
i've I'm So Carondeet street.
Mrs. III. 4. Elliott,
AETI3T-