The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-07
CHARTER.

company shall restore the same to It's former
state, or to such state that its usefulness ana
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 bayon,
except streams navigable by enrolled and IL
censed vessels, and when required by law.
Seyenth-To obtain, by grant or otherWlse,
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, mantle
nance management and use tine railroads OF
said company, 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 rallroao
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-outs,
sidings, switches and other conveyanoes' 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 CT
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
its corporate bonds or promlssory notes, bea ing
interest at such rate per annum as the directory
may elect, and made payable In gold or tue 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 its railroads, its capital stock, its corpor
ate franchises and any of its real or personal
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 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
elect one of their number as President OF said
Company, another Vice President, and another
Treasurer and shall have power to make and
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 it's business, property and effects,
the powers and conduct of its officers and agents,
ana all other matters which shall in any way per-
tain to the concern of the Company
SEC. 2. ALI election for directors shall be by
ballot, and every stakeholder shall be entitled
to one vote in person or by proxyfor each share
Of stock held by him for ninety days prior to
such election.
SEC. 8. Seven of the directors shall constitute
! quorum for the transaction OF business, and
The number of directors may be increased or
diminished by majority vote OF stockholders In
at any regular meeting, provided the num-
Der shall not be less than seven nor more than
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
SEC. 1. Stockholders meetings may be called
1t any time by the Board Of Directors, and on the
acquisition 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 ali questions
arising at such meetings shall be determined by
majority Of the stock there present and voting.
SEC. 2. The annual meeting of the stockholders
or the election of directors and transaction Of
The regular business shall be held on the second
Wednesday in January of each year.
ARTICLE W.
Ll9UlDAIlON.
This corporation may be dissolved at general
meeting convened for that purpose with the as
sent of three-fourths Ct the stock of the COM
oany and two thirds of the stock represented at
such meeting, and in case OF such dissolution
jhe liquidation shall be conducted by three COM
nissOners elected by ballot at such meet ng. At
he 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
jhe 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,
ogether with the said appearers and me, said
notary, on the day, month and year herein first
yritten after reading the whole.
Original Signedl G. W. r. BAYLEY,
j. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HUI. KENNEDY,
DAVID WALLACE,
E. B. WHEELOCK,
e. L. RANLETT,
JOHN II. KENNARD,
CYRUS BUSsEY,
JOHN PHELPS iRT 2: q e'''
W.B SCHMIDT.
SAINT Fl. KENNEDY,
A. J. ARMSTRONG,
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
orleans Pacific Railway Company" WAS this day
July recorded in my Office according to law, in
ook 118. folios 626, 627, 628, 629, $50, 631 and
49,
New Orleans, June 20, 1875.
Original signed.) G. DARCANTEL,
Deputy Recorder.
/ certify the above and foregoi to be true
nd correct copy of the original charter and GER
ifcate of recordation thereof, now extant in my
ufrent register.
In faith, whereof, grant these presents under
ny hand and the impress of my official seal, this
d day of July A. D. 1875.
J. G. EUSTIS, Notary Public.
i've I'm IS Carondelet street.
STATE OF LOUISIANA, |
'AR1sH OF ORLEANS, CITY OF New ORLEANS. |
BE IT KNOWN, that, on this Eighteenth day
# the month of June, in the year Of our Lord,
me thousand eight hundred and seventy-fve,
I'D of the Independence of the United s ates of |