The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-11
CHARTER.

| not to impair it's usefulness to the public unnec-
essarily; or if temporarily impaired IN ana duflns
/ the construction of the said railroads, the SAID
| company shall restore the same to its former
| state, or to such state that its usefulness ana
CONVENIENCE to the public shall not DC 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 navigable by enrolled and IL
censed vessels, and when required by law.
Seyenth-To obtain. by grant or otherwise
from any parish, city village within TINS state
rights privileges or franchises 1ns ho any ia
grant in reference to the construction, maihte
| nance management and use o 1.-THE rallroaos y,
said company, is depots, cars, locomotives ailss
| its business, within the limits OF such OF any VI
| said parishes, cities and villages.
Eighth-To appropriate property according W
| existing laws. a.
Ninth-To cross, intercept, join and unite It's
railways and prorate with any other fallroao
heretofore or hereafter constructed 10 1ne qua.
| 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-onts,
| sidings, switches and other conveyances, III
| furtherance of the objects OF its connections :,
Tenth-To purchase or lease from any fallroau
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 properly OF
| this company.
Eleyenth-To borrow money or to purchase or
lease property on its credit, for the purpose
of constructing and maintaining SAID RAILROADS. of
establishing continuous and connecting ilnes as
hereinbefore provided; and as evidence OF the III
debtedness OF said company for such loans, OF
the purchase or lease OF such property, to Issue
it's corporate bonds or promissory notes, bea ing
| interest at such rate per annum ss the directory
may elect, and made payable III gold or the law
ful money of the United States at such times ma
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 anu
pledge its railroads. it's capital stock Its corpor-
ate franchises and any of its real or personal
property, or any portion OF the same ..l
ARTICLE ".
BOARD OF DIRECTORS.
SEC. 1. 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 Q0) 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
the they shall see tit touching the govern
ment Of said Company, the transfer of it's stock.
the election of its officers, the management and
disposition 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-
tam to the concern of the Company.
SEC. 2. ALI election for directors shall be by
ballot, and every stakeholder shall be entitled
to one vote in person or by proxy for 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
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 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 W.
LIQUIDATION.
This corporation may be dissolved at 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 q. such meeting. 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
| a general meeting OF stockholders convened for
the purpose.
| Thus done and passed, at nay 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 Signed) G. w. X. BAYLEY,
"A. GIRDNER,
GEO. JONAS,
JULIUS WEIs,
HU. KENNEDY,
DAVID WALLACE,
b. WHEELOCK,
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSoEY,
by L. & Co.
JOHN PHELPS,
W. b. SCHMIDT,
SAM'L II. KENNEDY,
Al. ARMSTRONG,
r. JOHN W. HUNTER,
JIG. 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 11S, foios GIG, GIT, 62S, 629, $50, 63l and
$50.
New Orleans, June %, 1875
Original signed.) @. DAkCANTEL,
Deputy Recorder.
I certify the above and foregoi to be true
and correct copy of the original charter and GER
tiicate of recordation thereof now extant in my
current register.
In faith, whereof, grant these presents under
nv hand and the impress of my official seal, this
Sd day of July, A. D. 1875.
J. G. EUSTIS, Notary Public.
Tvs I'm 50 Carondeet street.
Hrs. II. Z. Elliott,
~TY EArYr