The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-02
CHARTER.


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
bridge over and across any stream or bayou.
except streams navigable by enrolled and IL
censed vessels, and when required by law.
Seventh-To obtain. by grant or otherw1ee.
from any parish city or village within this State,
any rights privileges or franchises that any or
said parishes, cities or villages, may choose to
grant in reference to the construction, malnte-
nance management and use 0 1.-THE railroads OF
said company, 8 depots, cars, locomotives and
its business, within the limits OF such or any OF
said parishes, cities and villages.
Eighth-To appropriate property according 70
existing laws.
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-Outs,
sdngs, 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 part OF the property OF
this COMPANY.
Eleventh-To borrow money or to purchase or
of constructing and maintaining said railroacs OF
establishing continuous and connecting lines as
herenbefore 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, beatlng
interest at such rate per anhum as the directory
may elect, and made payable in geld or the law
full money of the United States at such times and
places as may be deemed most to the advantage
Of the corpoI a ions, and for securing the pay
ment of said bonds or notes, to mortgage and
pledge it's 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.
SEC. 1. The corporate powers Of this Compa.
ny shall be vested III a Board of Directors COM
posed Of fifteen stockholders to be elected in
and such officers and agents as may from time to
time be appointed by such board. No person.
shall be Q director whOfs 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 otherwise. The directors shall
Company, another Vice President, and another
and shall have power to make and
prescribe such bylaws and rules and regulations,
and from time to time alter, amend ana revoke
Cno same az Cney snail see NJ COucnlDg tno 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 its officers and agents,
ana all other matters which shall in any way per-
tam to the concern of tie Company.
SEC. q All election for directors shall be by
ballot, and every stakeholder shall be entitled
TO one vote in person or by proxy for 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
by majority vote Of stockholders in
interest at any regular meeting, provided the nam-
Der shall not be less than seven nor more than
fifteen.
ARTICLE v.
STOCKHOLDERS MEETINGS.
SEQ. l. Stockholders meetings may be called
1t 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 questions
lrising 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
he regular business shall be held on the second
Wednesday in January of each year.
ARTICLE VI.
This corporation may be dissolved at q general
Meeting convened for that purpose with the as
,ent of three-fourths of the stock of the COM
oany and two thirds of the stock represented at
uch meeting, and in case OF such dissolution
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
to be in the same way elected at
general meeting of stockholders convened fo1
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 az such,
ogether with the said appearers and me, said
rotary, on the day, month and year herein firsa
written, after reading the whole.
(Originsl Signedl G.. w. Il. BAYLEY
ia. GIRDNER,
GEO. JONAS,
JULIUS WEBS,
HU. KENNEDY,
DAVID WALLACE,
Z. B. WHEELOCK,
E. L. RANLETT,
JOHN h. KENNARD,
CYRUS BUSoEY,
JOHN ra asX +; 0''>
W.B. SCHMIDT,
SAM'L q. 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 o.
lew Orleans, do hereby certify that the above
nd foregoing act Of incorporation Of the "New
'rleans Pacific Railway Company1 was this day
uly recorded in my Office, according to law, in
ook 11S. foios 626, 627, 62S, 500, $50, 631 and
81.
New Orleans, June 20, 1875.
Original signed.) G. DARCANTEIa
Deputy Recorder.
certify the above and foregoicg to be true
M correct copy OF the original charter and GER
lrrent register.
ln 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.
Jyo IS Carondeet street.
Mrs. III. T. Elliott.