The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-25
CHARTER.

CHARTER.
pike or canal which its said railways may 30 pas
upon, along or intersect touch or cross so q
essarily; or il temporarily impaired in and durin
: the construction OF the said railroads, the sail
: company shall restore the same to its forme
state, or to such state that its usefulness ant
CONVENIENCE to the public shall not be unneces
sarily impaired or injured, and the said compan,
? 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, maiIte.
nance, management and use Of the railroads of
said company, IL 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.
Nint6-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 its route and upon the ground Of such
| other railroad, with the necessary turn-ou IT,
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 rallrOaQ, anu tn6 cnafJ6r, 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 and connecting lines as
hereinbefo1e 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 promiasOry notes, bearing
Of at RAT nar tbp
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 paw
ment of said bonds or notes, to mortgage and
pledge it's railroads, it's 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. !. Tho 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 (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
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 see fit touching the govern
ment of said Company, the transfer of its stock
The election of its officers, the management and
disposition OF it's business, property and effects,
he powers and conduct offs officers and agents, {
.nu all other matters which shall in any Vay per-
am to the concern of the Company.
Sec. 2. All election for directors shall be by I
ballot, and every stakeholder shall be entitled
o one vote in person or by proxy for each share G
# stock held by him for ninety days prior to
uch election. Ia
SEC 8. Seven Of the directors shall constitute
quorum for the transaction of business, and
he number of directors may be increased or t
by majority vote Of stockholders in b
interest at any regular meeting, provided the num- n
er shall not be less than seven nor more than il
fteen. V
ARTICLE n
STOCKHOLDERS MEETINGS.
Sec. l. Stockholders meetings may be called a
any time by the Board of Directors, and on the n
equisition Of the holders of one-ffth of the
apital stock issued it shall be their duty to call
UGH meetings for the purpose of amending this 81
harter and consideration of and action upon all a
Their business OF the company, and all questions fl
rising at such meetings shall b3 determined by T
majority Of the stock there present and voting n
SEC. 2. The annual meeting of the stockholders b
n the election of directors and transaction of
le regular business shall be held on the second W
'ednesday in January of each year. te
ARTICLE VI. ell
LIQUIDATION.
This corporation may be dissolved at general 81
Getting convened for that purpose with the as d
mt of three-fourths of the stock of the COM ps
my and two thirds of the stock represented at IL
ch meeting, and in case of such dissolution er
e liquidation shall be conducted by three COM bt
issioners elected by ballot at such meet n.y. At ae
e termination of this Charter, the liquidation
all be conducted by a similar board of three pc
to be in the same way elected at OF
general meeting Of stockholders convened for co
e purpose er
Thus done and passed, at my Office, in the
essence Of Andrew J. Armstrong and John w. en-
inter, lawful witnesses residing in this CITY tn
10 have hereunto signed their names as such
yether with the said appearers and me, said
tary, on the day, month and year herein first CO.
itten, after reading the whole Be
Original Signed) G. W. r. BAYLEY, un
]. A. GIRDNER, Ar
GEO. JONAS, o.
JULIUS WEIS TIE
HUI. KENNEDY. R.
DAVID WALLACE, A.
j.. d. WHEELOCK, G.
E. L. RANLETT, J.
JOHN H. KENNARD, H.
CYRUS BUS,EY, A.
(ByL.& G,) NJ.
JOHN PHELPS, S
W. B. SCHMIDT, Pre-
sAM'L H. KENNEDY, one
A. J. ARMSTRONG, 30,
JOHN W. HUNTER, her
:. q. EUSTIS. Notary Public. Ger
the undersigned Deputy Recorder Of Mort
es in and for the parish of Orleans, city of s
Orleans, 40 herepy cerIily mat me above her
foregoing act of incorporation of the ''New no
cans Pacific Railway Company was this day san
recorded in my Office, according to law, in 9s1l
k 11S, foios 626, 627, 62S, 629, $50, 631 and VI
-, an ,or- five
ew orieans, June ~ 1o1o. the
'rishai siSneo.) y. DAhOANIEL, and
Deputy Recorder. r
certify the above and foregoing to be true tain
correct copy Of the original charter and GER to
aIe Vi retoroation taereoi' no" extant In my Dire
e ~ ~! register amo
ial!n, whereoI, grant these presents under subs
aand &c. ana .ne impress Oh my omcia SEAL this 81