The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-21
CHARTER.

a essary or if temporarily impaired in and durin
:. the construction of the said railroads, the sal
y company shall restore the same to it's forme
state, or to such a 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 bayol
except streams navigable by enrolled and
2 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 9
- said parishes, cities or villages, may choose t.
!. grant in reference to the construction, mainte
nance, management and use Of the railroads O
said company, i depots, cars, locomotives an
!, it's business, within the limits of such OF any o
e said parishes. cities and villages.
q Eishth-To appropriate property according t.
existing laws.
, Ninth-To cross, intercept, join and unite it
. railways, and prorate with any other railroad
heretofore or hereafter constructed in the STATE
of Louisiana, or any other State, at any poin
upon it's route and upon the ground OF suct
other railroad, with the necessary turn-outs
sidings, switches and other conveyances. in
furtherance OF the objects of its 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 Of
this company.
EIeventh-To borrow money or to purchase Or
lease property on its own credit fer 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
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 corpora ions. and for securing the pay
ment of said bonds or notes, to mortgage and
pledge it's railroads. its 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 /. 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 tins 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 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 sha see tit touching the govern
ment Of said Company, the transfer of its stock |
the election of its officers, the management and |
DISPOSE ion of it's business, property and effects,
the powers and conduct of its officers and agents,
AMI all other matters which shall in any way per-
tain to the concern of the Company.
SEC. 2. All 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
q quorum for the transaction of business and
the number of directors may be increased or
diminished by majority vote Of stockholders in
nterestat any regular meeting, provided the num-
Der shall not be lees than even nor more than
fifteen. II
ARTICLE v.
STOCKHOLDERS MEETINGS. II
Sec. l. Stockholders meetings may be called
It any time by the Board of Directors and on the
equistion of the holders Of one-fifth of the -,
apital 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
ther business of the company, and all questions r
rising at such meetings shall be determined by :
majority Of the stock there present and voting :
SEC. 2. The annual meeting of the stockholders
Dr. the election of directors and transaction Of
be regular business shall be held on the second
Yednesday in January of each year.
ARTICLE VI.
This corporation may be dissolved at general Vi
leeting convened for that purpose with the as
ent of three-fourths of the stock of the COM OF
any and two thirds of the stock represented at
lch meeting, and in case OF such dissolution
he liquidation shall be conducted by three COM
ssioners elected by ballot at such meet ng. Att
lie termination of this Charter, the liquidation n
lall be conducted by a similar board of three -
to be in the same way elected at Is
general meeting OF stockholders convened for
e purpose.
Thus done and passed. at my office. in the
essence of Andrew J. Armstrong and John W.
unter, lawful witnesses residing in this city, OF
40 have hereuntO signed their names as such, | IL
gether with the said appearers and me, said m
tary, on the day, month and year herein first r,
1tten. after reading the whole. -
Original signedl G. W. R. BAYLEY, Gil
J. A. GIRDNER, tn
GEO. JONAS, IN,
JULIUS WEII,
HUI. KENNEDY, IA
DAVID WALLACE, on
+. B. WHEELOCK, tn
E. l.. RANLETT, ho
JOHN FL. KENNARD, w
CYRUS BUS,EY, tn
JOHN pa 8Ef Z: q Co. ' un
w. B. SCHMIDT, ioe
SAM'L Fl. KENNEDY. an
A. J. ARMSTRONG, en-
JOHN W. HUNTER. die
G. EUsTIs. Notary Public. US
, the undersigned Deputy Recorder of Mort
res in and for the parish of Orleans city of gra
v Orleans, do hereby certify that the above I
foregoing act Of incorporation of the s.New o,o
cans Pacific Railway Company" was this day ga
: recorded in my Office, according to law, in I
k 11S. foios GIG, 627, 620, 629, $50, 631 and I
ew Orleans, June 90, 1875 WEI
Original signed.) G. DARCANTFL, +
Deputy Recorder. cha
certify the above and foregoi G to be true enu
correct copy OF the original charter and GER 90
ate of recordation thereof, now extant in nv eac
'ent register. F
!! faith, whereof, grant these presents under enc
hand and the impress of my official seal, this q
ay of July, A. d. 1875.
j. 6. EUSTIS, Notary Public. III
I'm 35 Carondelet street. req
pOrtant to Property Holders Tn;
and Tenants. witt
. r..u 800
New Orleans Sanitary and Excavating Compa