The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-13
CHARER.

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pike or canal which rs SAID railways may 30 pas
upon, along or interseot touch or cross, 80 a
not to impair its usefulness to the pubic unnec
essarily; or if Temporarily impaired in and during
the construction Of the Said railroads, the sait
state, OF TO such q state that its usefulness ant
CONVENIENCE to the public shall not be unneces
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, i depots, cars, locomotives and
its business, within the limits of such or any OF
said parishes. cities and villages.
Eiehth-To appropriate property according to
existing laws.
Ninth-To cross, intercept, join and unite its
railways, and prorate with any other railroad
heretofore or hereafter constructed in the State
of louisiana or any other State, at any point
upon it's route and upon the ground of tuch
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 author lied SALE
erty and appurtenances thereof, and maintain
and use the same as q part Of the property of
this company. 4tgs sj ,-r
Elsventh-To borrow money or to purchase or
lease property on it's own credit, for the purpose
of constructing and maintaining said railroads or
establishing continuous aud 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, bearing
-
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 its railroads, it's capital stock, its corpo-
rate franchises and any Of its real or. personal
property, or any portion OF the same.
ARTICLE ~. $50.
BOARD OF DIRECTORS.
SEC. !. The corporate powers Of this Comps
ny shall be vested in a 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 dir ectors 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 and revoke |
he same as they shall see fit touching the govern
nent of said Company, the transfer Of its stock |
he election OF it's officers, the management and |
disposition OF it's business, property and effects
he powers and conduct of it's officers and agents. |
IND all other matters which shall in any way per.
am to the concern OF the Company.
Sec. 2. All election for directors shall be by |
ballot, and every stakeholder shall be entitled |
o one vote in person or by proxy for each share
If stock held by him for ninety days prior to |
uch election. 'af. -st# ..,''f -.
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
nterestat any regular meeting, provided the num-
,er shall not be less than seven nor more than
fifteen. It 81
'@y STOCKHOLDERS MEETINGS.
SEQ. l. Stockholders meetings may be called
& 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 cal
UGH meetings for the purpose Of amending this
harter and consideration OF and action upon all
Their business Of the company, and all questions
rising at such meetings shall bs determined by
majority of the stock there present and voting.
SEC. 2. The annual meeting of the stockholders
'r the election of directors and transaction of
ne regular business shall be held on the second
'ednesday in January of each year.
ARTICLE vi.
LIQUIDATION.
This corporation may be dissolved at general
leeting convened for that purpose with the as
INT of three-fourths of the stock of the com
any and two thirds Of the stock represented at
ich meeting, and in case OF such dissolution {
le liquidation shall be conducted by three COM |
issioners elected by ballot at such meeting. At g
he termination of this Charter, the liquidation
lall be conducted by similar board of three |
to be in the same way elected at c
general meeting OF stockholders convened for c
le purpose. a+ ga e1.s-p =fDti lie
Thus done and passed. at my Office, in the
essence OF Andrew j. Armstrong and John W. | e
unter, lawful Witnesses residing in this city t
no have hereunto- signed their names as such,
gether with the said appearers and me, said
'tary, on the day, month and year herein first c
.ltten, after reading the whole. 1 / {
Original Signedy q. W.R. BAYLEY, lu
FL h ia. GIRDNER, Ia
GEO. JONAS. IC
e.r.-L #f JULIUS WEIS, 7
-~ - - 1888 'HU. KENNEDY, r
DAVID WALLACE
+. B. WHEELOCK, G
'iFf It JOHN Fl. KENNARD, e
CYRUS BUSsEY,
.'".e1 JOHN p8 SRY Z: & g.
w. B. SCHMIDT, P
SAML Fl. KENNEDY, Oh
F. -.t .t-.s A. ARMSTRONG, B
JOHN W. HUNTER, h,
!. g. EUSTIS, Notary Public. efF &C
!, the undersigned Deputy Recorder of Mort
5es in and for the parish of Orleans, city of
W Orleans, do hereby certify that the above h.
foregoing act of incorporation of the "New d
cans Pacific Railway Company" was this day 40
y recorded in my Office, according to law, in "a
TX 11S. folios 626, 627, 62S, 623, $50, 631 and v
lew Orleans, June 20, 1875. IN
Original signed.) @. DARCANTEL, an
cr. Deputy Recorder.
certify the above and foregoing to be true la
correct copy of the original charter and GER To-
cate of recordation thereof now extart in my ID
rent register. an
n faith, whereof, I grant these presents under an
hand and the impress of my official seal, this ,