The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-09
CHARTER.

Z company enau restore INC eakIo W ~ AoAuo
state, or to such state that its usefulness and
E CONVENIENCE to the public shall not be unneces-
sarHy impaired or injured, and the ssid company
shall not be required to construct draw IN any
, bridge over and across any stream or oayou,
: except streams navigable by enrolled and IL
censed vessels, and when required by law.
Seventh-To obtain, by grant or otherwise.
from any parrish, city or village WITHIN sEis ctase,
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 ttho railroads OF
said company, is depots, cars, locomotives and
its business, within the limits OF such or any OF
said parishes. cities and villages.
Eighth-To appropriate property according to
existing laws.
Ninth-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 it's route and upon the ground OF such
other railroad, with the necessary tnrn-outs,
sidngs, 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 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 or
lease property on its own credit, Tor the purpose
OF constructing and maintaining said railroads or
establishing continuous aud connecting lines 40
hereinbefore provided; and IS evidence Of the in-
debtedness CT 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 annunl 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 msy be deemed most to the advantage
| Of the corpoi atoms, and for securing the pay
ment OF eaid bonds or notes, to mortgage and
pledge its railroads, it's capital stock, its corp0r
ate franchises and any Of its real or personal
property, or any portion OF the same.
ARTICLE ~.
BOARD OF DIRECTORS.
! SEC. /. The corporate powers of this Corpa.
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 arc
elected to fill their place, and shall have power to
| fill vacancies in their number caused by death,
resignation or otherwise. Tho 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 they ehal see fit touching thu govern
ment Of said Company, the transfer of its stock,
the election Of it's officers, the management and
disposition OF its business, property and effects,
the powers and conduct of its officers and agents.
ami all other matters which shall in any way per-
! tain to the concern of the Company.
Sec. 2. All election for directors shall be by
ballot, and every etockholder 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. g. Seven Of the directors shall constitute
q quorum for the transaction OF business, and
the number Of directors may be increased or
diminished by nlajOrity vote of stockholders in
rtprcs far
Der shall not be less than seven nor more than
fifteen.
ARTICLE v.
STOCKHOLDERS MEETINGS.
Fec. 1. Stockholders meetings may be called
at any time by the Board Of Directors and on the
reGuisition 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
arising at such meetings shall be determined by
majority OF the stock there present and voting.
Sec. 2. 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 general
meeting convened for that purpose with the as
sent OF three-fourths of the ntock of the COM
pany and two thirds Of the stock represented at
such meeting, and in case OF such dissolution
the liquidation shall be conducted by three COM
missioners elected by ballot at such meeting. At
the termination OF this Charter, the liquidation
shall be conducted by similar board of three
commissioners, to be in the Same way elected at
q general meeting Of stockholders convened for
the purpose.
Thsss done and passed, at nay 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,
together with the said appearers and me, said
notary, on the day, month and year herein first
written. after reading the whole.
Original Sisned) G. W. K. BAYLET,
ia. GIRDNER,
GEO. JONAS,
JULIUS WEBS,
HUI. KENNEDY,
DAVID WALLACE.
z. B. WHEELOCK,
p. Z. RANLETT,
JOHN H. KENNARD,
CYRUS BUSsEY,
JOHN pA FL Z; 8 Co.,
W.B. SCHMIDT,
SAML Il. KENNEDY.
A. J. ARMSTRONG,
JOHN W. HUNTER,
J. G. EUSTIS. Notary Public.
l, the undersigned Deputy Recorder Of Mort
cages in and for the parish of Orleans, city OF
and foregoing act OF incorporation Of the s'New
Orleans Pacific Railway Company was this day
duly recorded in my Office, according to law, in
book 11S, foios 626, 627, 628, G29, go, 631 and
632.
New Orleans, June %, 1875.
Original signed.) c. DARCANTEL,
Deputy Recorder.
certify the above and foregoing to be true
ard correct copy of the original charter and Ger
tlficate OF recordation thereof, now extant in my
current register.
In faith, whereof, grant these presents under
my hand and the impress Of my official seal, this
3D. day Of July, A. D. 1875.
]. G. EUSTIS, Notary Public.
jy5 IS Carordelet street.
Mrs. FL. r.. Elliott,
ARTIST
NO. 6 CAMP STREET.