The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-28
CHARTER.

the construction OF the said railroads, the sal
company shall restore the same to its formt
state, or to such state that its usefulness an
CONVENIENCE to the public shall not be unnece
sarily impaired or injured, and the said compan
shall not be required to construct draw in an
bridge over and across any stream or bayou
except streams navigable by enrolled and
censed vessels, and when required by law.
Seventh-To obtain, by grant or otherwise
from any parish, city or village within this STATE
any rights, privileges or franchises that any
said parishes, cities or villages, may choose t.
grant in reference to the construction, mainte
| nance, management and use OF the railroads {
said company, 8 depots, cars, locomotives an
| its business, within the limits Of such or any c
said parishes, cities and villages.
Eiehth-To appropriate property according t
| existing laws.
Ninth-To cross, intercept, join and unite it
railways, and prorate with any other railroa,
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 sucl
other railroad, with the necessary turnout s
sidings, switches and other conveyances, il
furtherance OF the objects Of it's connections
Tenth-To purchase or lease from any railroad
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 a part Of the property o
this company.
Eleventh-To borrow money or to purchase OF
~
of constructing and maintaining said railroads Of
establishing continuous and connecting lines az
hereinbefoIe provided and as evidence of the in
debtedness OF said company for shch 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 and
places as may be deemed most to the advantage
OF the corporations, and for securing the pay
ment of said bonds or notes, to mortgage and
pledge it's railroads, its capital stock its corpo-
rate franchises and any OF its real or personal
or any portion OF the same.
a ARTICLE ".
BOARD OF DIRECTORS.
SEC. 1. 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
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
nuafly, and continue in Office until others are
elected to fill their place, and shall have power to
ill 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,
md from time to time alter, amend ana revoke
he same they shall see fit touching the govern
nent Of said Company, the transfer of its stock.
he election OF its officers, the management and
disposition OF its business, property and effects
he powers and conduct of it's officers and agents,
nd all other matters which shall in any way per-
an to the concern of the Company.
SEC. 2. All election for directors shall be by
'alot, and every stakeholder shall be emit led
o one vote in person or by proxy for each share
II stock held by him for ninety days prior to
UGH election.
Sec 8. Seven Of the directors shall constitute
quorum for the transaction of business, and
he number of directors may be increased or
by majority vote Of stockholders in
interest at any regular meeting, provided the num-
er shall not be less than seven nor more than
fteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
Sec. !. Stockholders meetings may be called
any time by the Board Of Directors, and on the
squisition of the holders OF one-ffth of the
apial stock issued it shall be their duty to call
UGH meetings for the purpose of amending this
harter and consideration of and action upon all
Their business Of accompany, and all questions
rising at such meetings shall be determined bv
majority OF the stock there present and voting |
Sec. 2. The annual meeting of the stockholders |
n the election OF directors and transaction of |
le regular BUSINESS shall be held on the second |
'ednesday In January of each year.
ARTICLE VI.
LIQUIDATION.
This corporation may be dissolved at general |
Getting convened for that purpose with the as
mt of three-fOurths of the stock of the COM
my and two thirds of the stock represented at |
ch meeting, and in case of such dissolution
e liquidation shall be conducted by three COM
elected by ballot at such meet pg, At
q termination of this Charter, the liquidation
all be conducted by similar board of three
to be in the same way elected at
general meeting of stockholders convened for
e purpose.
Thus done and passed, at my Office. If the
essence of Andrew j. Armstrong and John W. |.
inter, lawful Witnesses residing in this CITY.
10 have hereunto signed their names as such.
gether with the said appearers and me, said
tary, on the day, month and year herein first
itten, after reading the whole.
Original Signedl G. W. R. BAYLEY,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEIS, l.
HU. KENNEDY,
DAVID WALLACE,
E. B. WHEELOCK, Il
E. L. RANI.ETT, ,
JOHN Fl. KENNARD,
CYRUS BUSSEY,
by L.&G.,)
JOHN PHELPS,
W. B. SCHMIDT,
SAM'L Il. KENNEDY, c
A. J. ARMSTRONG, /
JOHN W. HUNTER, b
:. G. EUSTIS. Notary Public. c
, the undersigned Deputy Recorder of Mort
res and for the r,a ris h ~ Orlaopo o;4,- ofI