The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-06
CHARTER.

not to impair its usefulness to the public unnec-
e.sarily: 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
bridge over and across any stream or bayou,
except streams navigable by enrolled and IL
ceused vessels, and when required by law
Seventh-To obtain, by grant or otherwise,
from any parish, city or village within TINS state:
any rights, privileges or franchises that any OF
said parishes, cities or villages, may choose to
grant in reference to the construction, mantle
nance. management and use of the railroads of
said company, lis depots, cars, locomotives ana
its business, within the limits OF such or any OF
said parishes. cities and villages.
Eighth-To appropriate property according to
existing laws. ,
Nintf-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 sucn
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 part OF the property OF
this company.
Eleventh-To borrow money or to purchase or
lease property on its own credit, for 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 promlssory notes, bea ing
interest at such rate per annum as the directory
NAV elect and made payable In gold or the law
fuI 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 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. 1. The corporate powers Of this Compa.
nv 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 9oaao t,,o no person 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 shall fit touching the govern
ment of said Company, the transfer OF its stock
the election Of its officers, the management and
disposition of its business, property and effects,
the powers and conduct of its officers and agents,
ana all other matters which shall in any way per-
tan to the concern of the Company.
SEC. Q. All election for directors shall be by
ballot and every stakeholder shall be emit led
to one vote in person or by proxy for each share
l.. Gor min Hou TNrinr IN
such election.
SEC. 3. Seven of the directors shall constitute
a quorum for the transaction of business, and
the number of directors may be increased or
diminished by a majority vote OF stockholders IN
interest at any regular meeting, provided the num-
Der shall not be less than seven nor more than
fifteen.
STOCKHOLDERS MEETINGS.
| Sec. 1. Stockholders meetings may be allied
at any time by the Board of Directors, and on the
requisition of the holders Of one-ffth OF the
CAPITAL stocG 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 questions
arising at such meetings shall be determined by
majority of the stock there present and voting.
SEC. @ The annual meeting of the stockholders
| for the election of directors and transaction OF
| the regular business shall be held on the second
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
| PAW and two thirds Of the stock represented a.
such meeting, and in case OF such dissolution
the liquidation shall be conducted by three com
missioners elected by ballot at such meet ng. Al
the termination of this Charter, the liquidation
shall be conducted by a similar board OF three
| commissioners, to be in the same way elected a
a general meeting Of stockholders convened fol
| the purpose. =,
presence of Andrew J. Armstrong and John w
| Hunter, lawful witnesses residing III this city
who have hereunto signed their names as such
together with the said appearers and me, sale
notary, on the day, month and year herein hrs
written, after reading the whole.
| 0Oripinal Signed) G. W. r. BAYLEY,
| J.A. GIRDNER,
| GEO. JONAS,
| JULIUS WEIs,
| HUI. KENNEDY,
DAVID WALLACE,
| E. 3. WHEELOCK,
E. l.. r ANLETT,
| JOHN Fl. KENNARD,
CYRUS BUSsEY,
(By L. Co.
JOHN PHELPS,
W. B. SCHMIDT,
SAML Fl. KENNEDY,
| A. j. ARMSIfONG,
JOHN W. HUNTER,
JIG. EUSTIS. Notary Public
l. the undersigned Deputy Recorder OF Mort
cages in and for the parish of Orleans, city 0
New Orleans, do hereby certify that the allow
and foregoing act of incorporation OF the ''Nev
Orleans Pacific Railway Company" was this da,
duly recorded in my Office, according to law, IL
book 49, folios 626, 627, 62S, 629, $50, 63l ant
632.
New Orleans, June 20, 1875.
Deputy Recorder.
certify the above and foregoi 6 to be a tru
and correct copy OF the original charter and Ger
tiicate of recordation thereof, now extant in m.
current register
In faith, whereof, grant these presents unde
nv hand and the impress of my official seal, thi
Sd day of July, A. D. 1875.
J. G. EUSTIS, Notary Public.
| ive i'm IS Carondelet street.
STATE OF LOUISIANA,
PARISH OF ORLEANS, CITY OF New ORLEANS. I
BE 1T KNOWN, that, on this Eighteenth da,
of the month of June, in the year OF our Lord
one thousand eight hundred and seventy-hve
I'll IF tina TTnitad 81 al n