The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-07
CHARTER.

| not to impair its usefulness to the pubic unne
essarily: or if temporarily impaired IN and durin
the construction Of the said railroads, the sal
/ company shall restore fine same to its formt
state, or to such state thatits usefulness an
CONVENIENCE to the public shall not be unnece
sarily impaired or injured, and the said compap
shall not be required to construct draw in an
bridge over and across any stream or bayo,
| except streams nayisable by enrolled and |
censed vessels and when required by law. Z.
| Seventh-TO obtain, by grant or otherwise
from any parish, city or village within this State
any rights, privileges or franchises that any,o
| said parishes, cities or villages, may choose t
grant in reference to the construction, mainte
| nance, management and use of the railroads Q
| said company, depots, cars, locomotives an
| its business, within the limits Of such or any
said parishes. cities and villages.
Eiehth-To appropriate property according +
existing laws.
NinS-To Cross, intercept, join and unite it
heretofore or hereafter constructed in the Stat
Of Louisiana, or any other State at any poin
upon it's route and upon the ground OF sucI
other railroad, with the necessary turn-outs
sidings, switches and other conveyances. il
furtherance OF the objects of its connections.
Tenth-To purchase or lease from any railroa,
com pany 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 o
Eleventh-To- borrow money or to purchase OF
lease property on its own credit, for the purpos,
Of constructing and maintaining said railroads OF
establishing continuous and connecting lines 81
hereinbefore provided, and as evidence Of the in
debtedness OF said company for such loans, OF
the purchase or lease of such property, to issue
it's Corporate bonds or promissory notes. bearing
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 anl
Lax L. IL l.
Of the corporations, and for securing the pay
ment of said bonds or notes, to mortgage and
pledge its railroads. its capital stock, its corpo.
rate franchises and any OF its real or personal
property, or any portion OF the same.
f@ ARTICLE ". ea.
BOARD OF DIRECTORS.
SEC. l.. The corporate powers of this Compa.
ny 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 % President of said
Company, another Vice President, and another
prescribe uehby-laws and rules and regulators,
and from time 10 time alter, amend and revoke
the same as they 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. q. All election for directors shall be BY
ballot, and every stakeholder shall be entitled
IL. - L. -
of stock held by him for ninety days prior to
such election. '-st.sa,4. -. q.
SEC. 3. 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
Der shall not be less than seven Nor more than
fifteen. ~
ARTICLE V. Is.
- STOCKHOLDERS MEETINGS.
Sec. 1. Stockholders meetings may be called
1T any time by the Board Of Directors, and on the
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 ques tons
arising at such meetings shall be determined by
\ majority OF the stock there present and voting
or the election Of directors and transaction of
The regular business shall be held on the second
in January of each year.
ARTICLE vi.
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
,any and two thirds OF the stock represented at
uch meeting, and in case OF such dissolution
he liquidation shall be conducted by three COM
nissioners elected by ballot at such meeting. At
he termination Of this Charter the liquidation
hal be conducted by similar board of three
to be in the same way elected at
general meeting OF stockholders convened for
he purpose. 49, q.
Thus done and passed, at my Office, in the
presence Of Andrew J. Armstrong and John W.
Iunter, lawful witnesses residing in this city,
rho have hereunto signed their names as such,
ogether with the said appearers and me, said
otary, on the day, month and year herein first
7ritten, after reading the whole.
Original Signed) G. w. X. BAYLEY,
]. A. GIRDNER,
s..t8. ...s.. GEO. JONAS,
JULIUS WEIS, -
Ii