The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-23
CHARTER.

not to impair lGS usefulness W VuC PuSAAS AoAoC-
essarily: or if temporarily impaired in and during
the construction Of the said railroads, the SAFE
company shall restore the same to It's former
state. or to such state that its usefulness and
CONVENIENCE to the public shall not De unneces-
sarilv 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.
Seventh-To obtain. by grant or otnerWlsess
from any parish, city 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, mamie.
nance management and use o 1.-THE railroads OF
said company, i depots, cars, locomotives and
its business within the limits OF such or any OF
said parishes. cities and villages
Eighth-To appropriate property according 10
existing laws :. .
Ninth-To cross intercept, join and unite fss
RAILWAYS, and prorate with any other railroad
heretofore or hereafter constructed IN the state
of Louisiana, or any other state, at any POM
upon it's route and upon the ground OF such
other railroad, with the necessary turn-oRtss
sidings switches and other conyeyances, N
furtherance of the objects of its connections
Tenth-To purchase or lease from any rallfoaGN
company or corporation, at any authorized saisr
any railroad. and the charter, franchises, prop
erty and appurtenances thereof, and maintain
and use the same as part of the property Of
this company.
EleyenthlTo borrow money or to purchase ofs
lease property on its credit, for the purposs8
of constructing and maintaining said railroads Or
establishing continuous and connecting lines a.
hereinbefore provided; and as evidence OF the in8
debtedness OF said company for such loans, u
the purchase or lease of such property, to issuA i
it's corporate bonds or promlssory notes, bea ing n
interest at such rate per annum as the dlrecfory
NAV elect, and made payable in gold or the avs
fu money of the United States at SUCH tunes and
places as may be deemed most to the advantage
of the corpora; ions, and for securing tho p3F
ment Of said bonds or notes, to mortgage ans
pledge its railroads, its capital stock, its corpof-
ate franchises and any OF its real or PERSONA
property, or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS.
SEC. 1, The corporate powers Of this Compap
ny shall be vested in Board of Directors CON-
posed of fifteen stockholders to be elected IN
accordance with the bylaws OF the Company
and euch 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 aret
elected to fill their place, and shall have power to-
fill vacancies in their number caused by de afh
resignation or otherwise. The directors shSH
elect one of their number as President OF sal Il
Company, another Vice President, and aHoshef1
Treasurer and shall have power to make and Z
prescribe such bylaws and rules and regulatloDA
and from time to time alter, amend ana reyokss \
the same as they shall see fit touching the govern
ment of said Company, the transfer of it's s.ock,
the election Of its officers, the management and
disposition of its business, property and ettects,
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 Q. All election for directors shall be by
ballot, and every stakeholder shall be entii LED
to one vote in person or by proxy for each shays,
of stock held by him for ninety days prior to-
such election.
SEC 8. Seven of the directors shall constitnts4
quorum for the transaction OF business, and
the number of directors may be increased or
diminished by majority vote of stockholders ~
interest at any regular meeting, provided the NUM-,
Der shall not be less than seven nor more thar
fifteen.
STOCKHOLDERS MEETINGS.
Sec l. Stockholders meetings may be cklle1f
at any time by the Board of Directors, and On ths.
requisition Of the holders OF one-ffth Of tbs
capital stock issued it shall be their duty to cslG
such meetings for the purpose OF amending thiss
Charter and consideration of and action upon al
arising at such meetings shall be determined .
majority of the stock there present and vot
SEC. 2. The annual meeting of the stockholS -
for the election OF directors and transaction a.
the regular business shall be held on the sec0ns
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-fourths of the stock of the com-
pany and two thirds of the stock represented al
such meeting, and in case OF such dissolntiOks
the liquidation shall be conducted by three cora
missioners elected by ballot at such meet Dg. AZ
the termination of this Charter, the liquidstiocs
shall be conducted by similar board of three,
commissioners, to be in the same way elected at
a general meeting OF stockholders convened Ea1s
the purpose.
Tins dome and D0sSeI at NV office in ths
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- saiSsj
notary, on the day, month and year herein frs.t
written, after reading the whole.
Original Signed) G. W. r. BAYLEY,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEIS, n
HUI. KENNEDY. EI
DAVID WALLACE. RI
E. B. WHEELOCK, 81
E. L. RANLETT, ~
JOHN H. KENNARrs
. .anv 5 M: o.,42
JOHN PHELPS.
". B. SCHMIDT,
SAM'L H. KENNEDTy
4. J. ARMSTRONG,
JOHN W. HUNTER, IL
J. G. EUSTIs. Notary Public. y
l, the undersigned Deputy Recorder of Mora
cages in and for the parish Of Orleans ciiy q
New Orleans, do hereby certify that the aboTp
and foregoing act Of incorporation of the s'Ney
Orleans Pacific Railway Company" was this IA
duly recorded IN my office, according to law, d
book 11S. foios 626, 627, 62s, 629, $50, ca am
632
New Orleans, June 20, 1875.
(Orlglnal slgned.) G. DARCANTEL.
80. Deputy Recorder.
Icertify the above and foregoi g to DO srn
and correct copy of the original charter ana car
tificate OF recordation thereof, now extant IN M
current register.
In faith whereof, grant these presents nnds]
my hand and the impress Of my official seal, tbs
3D. day of July, A. D. 1875.
j. G. EUSTIs, Notary Public.
Jyo I'm 35 Carondeet street
Mrs. III. 4. Elliott, ri