The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-07
CHARTER.


: 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 he required to construct 8 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 or
J said parishes, cities villages. may choose to
grant III reference to the construction, malnte-
nance management and use the railroads OF
SAID company, i depots, ears, locomotives and
It's business within the limits OF such or any OF
sad parishes, cities and villages. .
EigEth-To appropriate property according 10
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 such
other railroad, with the necessary turn-outs,
sldlnSs, switches and other conyeyances, in
furtherance Of the objects of its connections
| Tenth-To purchase or lease from any railroad
company or corporation, at any autho ize d sale,
! any railroad. and the charter. franchises, prop
erty aud 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 fr the purpose
| OF constructing and maintaining said railroads or
| establishing continuous and connecting ines as
herelnbeiore 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, bea ing
| interest at such rate per annum the directory
may elect, and made payable III gold or tie law
full money OF the United States at such times and
places as may be deemed most to the advantage
OF the corpoIa ions, and for securing the pay
ment OF sald 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-
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
nualy, 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 di ectors 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 it's stock.
the election of it's officers, the management and
dlsposlf ION OF Its business, property and effects,
the powers and conduct OF it's officers and agents,
ana all other matters which shall in any way per-
tam to the concern of the Company.
Sec. 2. All election for directors shall be by
ballot, and every stakeholder shall be emit led
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
a quorum for the transaction of business, and
the number of directors may be increased or
diminished by majority vote of stockholders in
atota otisry cd
Der shall not be less than seven NOR more than
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
SEC. L. Stockholders meetings may be called
at any time by he Board of Directors and On the
requsition 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
or the election OF directors and transaction Of
he regular business shall be held on the second
" ednesday IN January OF each year.
ARTICLE vi.
LIQUIDATION.
This corpora ton may be dissolved at general
Meeting convened for that purpose with the as
ent OF three-fourths of the stock of the COM
)any 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 a. such meet ng. at
he termination Of this Charter, the Liquidation
hall be conducted by similar board of three
to be i'll the same way elected at
general meeting OF stockholders convened for
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
tho have hereunto signed their names a. such,
ogether With the said appearers and me- said
otsry, on the day, month and year herein first
rltten. after reading the whole
toriginSl signed1 G. W. X. BAYLEI,
J. A. GIRDNER,
GEO. JONAS
JULIUS WEIS,
HU. KENNEDY
DAVID WALLACE.
LIB. WHEEL OCK.
E. L. RtNLETT,
JOHN H. KENNARD,
CYRUS BUS,EY,
(By L. & Co.
JOHN PHELPS,
W. B. SCHMIDT,
SAM't. H. KENNEDY.
A. J. ARMSTRONG,
JOHN w. HUNTER.
J. G. EUSTIS. Notary Public. '''
l. the undersigned Deputy Recorder of Mort
ges in and for the parish of Orleans. city OF
sw Orleans, do hereby certify that The above
q foregoing act OF incorporation of the "New
leans IN Pacific hallway Company was this day
NY recorded In my Office, according to law in
ok 1ls, folios GIG, 627, G2s, 62s, $50, Gsi and
3. ' ''A ""1
New Orleans, June 20, 1875.
Original signed.) G. DARCANTFT,
Deputy Recorder,
certify the above and foregoi e to be trne
d correct copy. OF the original charter and Ger
cate OF recordation thereof, now extant in NV
trent register.
In faith, Whereof grant these presents Under
hand and the impress Of my official seal. this
day Of July, A. D. 1875. ''
j. G. EUSTIS, Notary Public.
w 80 Caropdelet street.
Mrs. III. 4. Elliott.