The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-17
CHARTER.

| upon, along or intersect, touch or cross, so as
not to impair its usefulness to the public unnec
essarily; or if temporarily impaired In and during
| the construction of the said railroads, the said
company shall restore the same to its former
| state, or to such state that its usefulness and
| 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
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.
Eighth-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 such
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 author lied 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.
Eleventh-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
hereinbefole 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 promlssory notes, bearing
intere st at such rate per annum as the directory
NAV elect and made payable in gold or the law
full money of the United States at such times and
places az 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. its capital stock, its corpo-
rate franchises and any of its real or personal
property, or any portion OF the same.
ARTICLE ~.
BOARD OF DIRECTORS.
Sec. l. 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
time be appointed by such board. No person
shall be director who is not the actual owner of
at least ten (lO) shares of the capital stock of
said Company. Directors shall be elected an
nualy, 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 di. ectors shall
elect one of their number as President of said
Company, another Vice President, and another
prescribe such bylaws and rules and regulations,
and from time to time alter amend ana revoke
the they shall see fit touching the govern
ment of said Company, the transfer of its stock
the election of Its officers, the management and
dlsposi ion OF its business, property and effects
the powers and conduct ofits officers and agents.
ana all other matters which shall in any way per-
tam to the concern of the Company.
Sec. 2. All election for directors shall be by
ballot, and every stakeholder shall be emit led
IN vote in nv for oh
of stock held by him for ninety days prior to
such election.
SEC. 3. Seven of the directors shall constitute
a quorum for the transaction OF business and
the number Of directors may be incres sed 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 Y.
STOCKHOLDERS MEETINGS.
SEC. /. Stockholders meetings may be CT He'd
at any time by the Board of Directors and on the
requisition of the holders Of one-ffth of the
capital stock issued it shall be their duty to call
such meetings for the purpose of amending this
Charter and consideration OF and action upon all
other business of the company and all ques tons
arising at such meetings shall be determined by
majority Of the stock there present and voting.
Sec. 2. The annual meeting of the stockholders
for the election of directors and transaction of
the regular business shall be held on the second
w OullCSNdI Ill odHudiy VI CdCH StdI.
ARTICLE VI.
LIQUIDATION.
This corporation may be dissolved at general |
meeting convened for that purpose with the as |
sent OF three-foufths of the stock of the COM |
pany and two thirds of the stock represented at
the liquidation shall be conducted by three COM
missioners elected by ballot at such meet ng At |
the termination of this Charter, the liquidation
shall be conducted by 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 |
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, said
notary, on the day, month and year herein first |
written, after reading the whole.
Original Signed) G. w. h. BAYLEY,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEI1,
HUI KENNEDY,
DAVID WALLACE,
j.. B. WHEELOCK,
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUS,EY,
JOHN rBR e ?: q ''''
W.. B. SCHMIDT,
SAM'L H. KENNEDY,
A. -
JOHN w. HUNTER,
j. G. EUSTIS, Notary Public.
l, the undersigned Deputy Recorder Of Mort
ages in and for the parish of Orleans, city of
lew Orleans, do hereby certify that The above
nd foregoing act of incorporation of the ''New
'rleans Pacific Railway Company" was this day
uly recorded in my Office, according to law, in
ook 118, foios $685. 627 62S, 500, $50, 631 and
81.
New Orleans, June 20, 1875.
Original signed.) G. DARCANTEL,
Deputy Recorder.
I certify the above and foregoing to be true
nd correct copy of the original charter and Ger
fcate Of recordation thereof now extant in my
lrrent register.
In faith, whereof, grant these presents under :
y hand and the impress Of my official seal, this
/ day Of July, A. D. 1875. :
j. G. EUSTIS, Notary Public
jy6 I'm IS Carondelet street
STATE OF LOUISIANA,
ARIsH OF ORLEANS, CITY OF New ORLEANS. ]
BE 1T KNOWN, that, on this Eighteenth day /.
the month of June, in the year of our Lord | t
ne thousand eight hundred and seventy five | @
I'd of the Independence of the United S ates of G
merica the ninety-ninth O
Before me. JOHN G. EUSTIS, a Notary Pub