The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-20
CHARTER.

not to impair its usefulness to the public unnec-
essarily; or if temporarily impaired IN ana oulinS
the construction of the said railroads, the salo
company shall restore the same to Its former
state, or to such a state that its usefulness ana
CONVENIENCE to the public shall not be unneces-
sarily impaired or injured, and the SAID company
shall not be required to construct g draw IN any
bridge over and across any stream or bayou,
excent streams navigable 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 TINS Statei
said parishes. cities or villages, may choose to
Grant in reference to the construction, malnte.
nance management and use tine railroads OF
said company, il depots, cars, locomotives ana
it's business, within the limits OF such OF any Oh
said parishes, cities and villages.
Eiahth-To appropriate property according to
Nintb-To cross, intercept, join and unite Its
RAILWAYS. and prorate with any other rdll Htn
heretofore or hereafter constructed III the otate
of Louisiana. or any other State, at any polnt
upon it's route and upon the ground OF sucn
other railroad. with the necessary tufh-ou0s,
-idings, switches and other conveyances' III
furtherance of the objects OF lts cohhections
Tenth-To purchase or lease from any rallroao
company or corporation, at any authorized sale'
anv railroad and the charter. franchises, prop
ertv and appurtenances thereof, and MAINTAIN
and use the same as part OF the properly VI
this company. ~
Eleyenth-To borrow money or to purchase or
lease property on its own credit for the purpose
of constructing and maintaining said rallroaos or
establishing continuous and connecting ines az
hereinbefore provided; and as evidence OF the III
debtedness of said company for sucn loans, OF
the purchase or lease of such property, to issue
It's corporate bonds or promIssory notes, pea ing
interest at such rate per annum as the directory
may elect, AID made payable IN gold orthe law
FIJI money of the United States at such times 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, tc mortgage and
pledge its 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 inc 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 or
at least ten (10) shares OF the capital stock OF
said Company. Directors shall be elected an
nuallv 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
1
prescribe such bylaws and rules and regulations,
| and from time to time alter, amend ana revoke
the same as they shall see tit touching thu govern
| ment of said Company, the transfer OF Its STOCK
the election of its officers, the management and
DISPOSE ion of it's business, property and effects,
tSe 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 entli led
| to Dne vote in person or by proxy for each share
of stock held by him for ninety days prlo1 to
such election.
| SEC. 8. Seven of the directors shall constitute
| A. uuo,um for the transaction of business, and
| the number of directors may be increased or
diminished by majority vote OF stockholders III
interest at any regular meeting, provided the num-
| Der shall not be less than seven nor more than
| fifteen.
| STOCKHOLDERS MEETINGS.
Sec 1. Stockholders meetings may be called
at any time by the Board of Directors, and on the
reauisition of the holders Of one-tifth 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 genera
meeting convened for that purpose with the as
sent of three-fomths of the stock of the com
pany and two thirds of the stock represented
| such meeting, and in OF such dissolution
the liquidation shall be conducted by three com
missioners elected by ballot at such meet ng. A
the termination of this Charter, the liquidation
shall be conducted by similar board OF three
commissioners to be in the same way elected a
general meeting OF stockholders convened fo
the purpose.
| Thus done and passed, at my Office, in tn,
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, salt
notary, on the day, month and year herein frs
written, after reading the whole.
0Jriginal Signed) G. W. h. BAYLEY,
J. A. GIRDNER,
GEO. JONAS,
| JULIUS WEN,
HU. KENNEDY,
DAVID WALLACE,
h. B. WHEELOCK,
f. L. RaNLETT,
| JOHN Fl. KENNARD,
CYRUS BUSoEY,
JOHN pa 4ET 7: q e'''
w SCHMIDT,
SAMI H. KENNEDY,
| A. J. ARMSTRONG,
JOHN w. HUNTER,
JIG. EUSTIS. Notary Public.
|. the undersigned Deputy Recorder OF Mort
cages in and for the parish of Orleans, city o
New Orleans, do hereby certify. that the abov
and foregoing act of incorporation OF the "Ne'
Orleans Pacific Railway Company" was this da
duly recorded in my office, according to law, il
book 11S, fohos $685. 627, 62S, 629, $50, 631 AM
632.
Now Or1aons Juna % 1879
Original signed.) G. DAKOANIEL,
Deputy Recorder.
I certify the shove and foregoi to be a tru
and correct copy of the original charter and Ger
tfoate of recordation thereof, now extant in M
current register.
In faith, whereof, grant these presents unde
nv hand and the impress of my official SEAL thi
3D. day of July, A. D. 1875.
J. G. EUSTIS, Notary Public.
i've I'm IS Carondelet street.
Mrs. III. T. Elliott,