The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-14
CHARTER.

CHARTER.
pike or canal which its said railways may 80 pas
upon, along or intersect touch or cross. 80 a
not to impair its usefulness to the public unnec
essarily or if temporarily impaired in and during
the construction Of the said railroads, the sait
company shall restore the same to its former
state, or to such state that its usefulness ant
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 Ii
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 Of
| said parishes, cities or villages may choose to
grant in reference to the construction, mainte
nance, management and use of the railroads Of
said company, iIs depots, cars, locomotives and
its business, within the limits Of such or any Of
said parishes. cities and villages.
ElRhth-To appropriate property according to
| existing laws.
Ninth-To cross, intercept, join and unite it's
| railways, and prorate with any other railroad
heretofore or hereafter constructed in the State
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 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 aud appurtenances thereof, and maintain
and use the same as part OF the property Of
this company.
Eleventh-To borrow money or to purchase or
lease property on its own credit, for the purpose
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
its 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
ment OF said bonds or notes. to mortgage and
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.
ARTICLE ".
BOARD OF DIRECTORS.
SEC. 1. The corporate powers of this Compa-
ny shall be vested III 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 tins 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,
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 same as they shall fit touching the govern
ment OF said Company, the transfer Of it's stock
the election Of it's officers, the management and
disposition of its business, property and effects,
The powers and conduct of it's officers and agents.
anu all other matters which shall in any way per-
10 ho nff
Sec. 2. ALI election for directors shall be by |
ballot, and every stakeholder shall be entitled |
10 one vote in person or by proxy for each share
If stock held by him for ninety days prior to |
such election.
SEC. g. Seven of the directors shall constitute |
quorum for the transaction OF business, and |
he 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. /. Stockholders meetings may be called |
It any time by the Board Of Directors, and on the
equisition of the holders Of one-ffth of the
apital stock issued it shall be their duty to call
uch meetings for the purpose Of amending this
Jharter and consideration OF and action upon all
ther business OF the company, and all questions
rising at such meetings shall be determined by
majority Of the stock there present and voting.
q.
or the election of directors and transaction of
he regular business shall be held on the second
Wednesday in January of each year.
ARTICLE vi.
LIQUIDATION.
This corporation may be dissolved at general
Meeting convened for that purpose with the as
ent of three-fourths of the stock of the COM
any and two thirds Of the stock represented at
UGH meeting, and in case Of such dissolution
be liquidation shall be conducted by three COM
lissioners elected by ballot at such meeting. At
be termination Of this Charter, the liquidation
hall be conducted by a similar board of three
to be in the same way elected at
general meeting of stockholders convened for
he purpose.
THUS done and passed, at my office, in the
resence of Andrew J. Armstrong and John W.
[unter, lawful witnesses residing in this city,
no have hereunto signed their names as such,
,gether with the said appearers and me, said
otary, on the day, month and year herein first {
ritten. after reading the whole.
Original Signedl G. W. r. BAYLEY, IL
J. A. GIRDNER,
GEO. JONAS, II
JULIUS WEIS, q
HU. KENNEDY,
DAVID WALLACE,
+. B. WHEELOCK, {
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSSEY,
JOHN pH iRf ?; ~
W.. SCHMIDT,
SAML H. KENNEDY, o
A. J. ARMSTRONG,
JOHN W. HUNTER, b
J. G. EUSTIs, Notary Public. c
l, the undersigned Deputy Recorder of Mort
ges in and for the parish of Orleans, city Of
Nv Orleans do hereby certify that the above b
d foregoing act OF incorporation Of the s'New i
leans Pacific Railway Company" was this day n
ly recorded in my Office, according to law, in I;
Ok 118. folios 626, 627, 62s, 629, $50, 631 and
}. Fl
New Orleans, June 20, 1875. Il
Original signed.) G. DARCANTEL, al
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