The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-24
CHARTER.

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 a 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 1.-THE railroads Of
said company, is depots, cars, locomotives and
said parishes. cities and villages.
Eighth-To appropriate property accordingto'
existing laws.
Ninth-To cross, intercept, join and unite it's
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 spch
other railroad, with the necessary turn-outs,
furtherance of the objects of its connections
Tenth-To purchase or lease from any railroad
company or corporation, at any authoiized sale,
any railroad. and the charter, franchises prop
erty and appurtenances thereof and maintain
and use the same as q part of the property Of
this COMPANY.
Eleventh-To borrow money or to purchase OF
lease property on its own credit, for the purpose
of constructing and maintaining said railroads. OF
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 promissOry notes, bearing
interest at such rate per annum as the directory
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 corpor
ate franchises and any OF its real or personal
property, or any portion OF the same.
ARTICLE ~.
BOARD OF DIRECTORS.
SEQ. 1. 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
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
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 see tit touching the govern
ment Of said Company, the transfer of it's stock.
the election of it's officers, the management and
disposition Of it's business, property and effects,
the powers and conduct of it's officers and agents,
anu all other matters which shall in any way pers
tain to the concern Of the Company.
Sec. 2. All election for directors shall be by
ballot, and every stakeholder shall be entitled
Of stock held BY him for ninety days prior to
such election.
SEC g. Seven Of the directors shall constitute
\ quorum for the transaction Of business, and
The number OF directors may be increased or
frein CHI ID srrikV hold
interest at any regular meeting, provided the num-
Der shall not be less than seven nor more than
fifteen.
ARTICLE =.
sTocKHoLDERs' MEETINGS.
Sec. Z. Stockholders meetings may be cslle6
It any time by the Board of Directors, and on the
'equisition Of the holders Of one-ffth Of the
,uch meetings for the purpose Of amending this
Charter and consideration Of and action upon al
,ther business Of the company, apd all questions
rising at such meetings shall be determined By
majority Of the stock there present. and votingy
SEQ. 2. The annual meeting of the stockholders
or the election OF directors and transactiOn'of
he regular business shall be held on the SECOND
Wednesday in January Of each yeat.
ARTICLE VI.
This corporation may be dissolved &C general
Meeting convened for that purpose with the as
ent of three fourths Of the stock of the COM
amy and two thirds Of the stock represented at
he liquidation shall be conducted by three com
nissioners elected by ballot at such meeting. At
he termination Of this Charter. the liquidation
hall be conducted by . similar board of three
commissioners, to be in the same way elected af
general meeting Of stockholders sonvened fos
he purpose.
Thus done and passed, at my Office. in the,
resence Of Andrew J. Armstrong and John W..
iunter, lawful Witnesses residing in this city,
rho have hereunto signed their names AZ such.
ogether with the said appearers and me. said
otary, on the day, month and year herein FIRST
1ritten, after reading the whole.
(Originsl Sighedl G. w. r. BAYLEY
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEBS,
HU. KENNEDY
DAVID WALLACE,
E. B. WHEELOCK,
E. L. RANLETT,
JOHN b. KENNARD,
CYRUS. BUS,EY,.
JOHN ra zR{ 4 Co.
W.. B.:sCHMIDT.
EAML H. KENNEDY.
A. J. ARMSTRONG,
JOHN W. HUNTER,
J. G. EUHTIS. Notary Public.
l, the undersigned Deputy Recorder Of Mort
ages in and for the parish OF. Orleans. city or
ID foregoing act Of incorporation Of the 'New
rieans Pacific Railway Company" was this day
1ly recorded in my Office, according to law. in
,ok l18, foios 626, 627, 62S, 629, $50, 6S1 and
New Orleans, June %, 1875
Original signed.) @. DAROANTEL
Deputy Recorder.
l certify the above and foregoing to be- true
ID correct copy OF the original charter and GER
acate OF recordation thereof, now extant in my
TRENT register.
In faith, whereof, grant these presents under
hand and the impress of my official seal, thiss
day of July, A. D. 1875.
]. G. EUSTIS, Notary Public
)y6 IS Carondelet street,
Mrs. II. +. Elliott.
aAR4s15F'