The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-15
CHARTER.

essarily: 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 injured, and the said company
shall not be required to construct draw IN any
| bridge over and across any stream or bayou,
except streams navigabe by enrolled and 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 construction, mainte-
nance management and use o 1.-THE railroads OF
| said company, depots, cars, locomotives and
its business, within the limits of such or any of
said parishes, cities and villages. :.
Eishth-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 stat
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 autnollzed SAFE,
| apy railroad and the charter, franchises, prop
ertv 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
|
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
it's corporate bonds or promissory notes, bea ing
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
| Of the corpora ions, and for securing the pay
- I-,, Il, nrr n nnTfn md
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.
| SEQ. 1. The corporate powers of this Compa.
nv shall be vested IN q 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,
the same they shall see fit touching the govern
ment of said Company, the transfer OF its stock
the election of it's officers, the management and
disposition 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 Dne 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
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-
Der shall not be less than seven nor more than
| fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
Sec. 1. Stockholders meetings may be cslled
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
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
| 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 az 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,
ia. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HU. KENNEDY,
DAVID WALLACE,
j.. B. WHEELOCK,
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSsEY,
JOHN PHELPS fEf Z: q CD
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
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, $50, 631 and
632.
New Orleans, June 80, 1875.
Original signed.) G. DARCANTEL,
Deputy Recorder.
certify the above and foregoi g to be a true
and correct copy of the original charter and GER
tificate 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.
J. G. EUSTIS, Notary Public.
i've I'm IS Carondelet street.
Mrs. I'll. 4. Elliott,