The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-08
THE NEW ORLEANS BULLETIN, SATURDAY, JANUARY 1876.
CHARTER.

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not to impair it's usefulness to the public unnec-
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 uuneces-
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 Ii
censed vessels, and when required by law.
| Seventh-To obtain. by grant or otherwise,
from any parish, city 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, i depots, cars, locomotives and
| its business, within the limits of such or any of
said parishes, cities and villages.
Elahth-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 its route and upon the ground of such
other railroad, with the necessary turn-outs,
sidings, 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 as part of the property of
| this COMPANY.
Eleventh-To borrow money or to purchase or
lease property on its own credit, fer the purpose
OF constructing and Maintaining said railroads or
establishing continuous and connecting lines as
herelnbefore 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 prOm1ssOry notes, bea ing
interest at such rate per annum as the direct Dry
may elect, and made payable in gold or the law
ful 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 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 l. 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 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
and from time to time alter, amend anu revoke
the same ais they shall see fit touching the govern
ment of said Company, the transfer Of it's stock.
the election of its officers, the management and
the powers and conduct of it's officers and agents,
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 Dne 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
diminished by majority vote Of stockholders in |
interest 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
at any time by the Board of Directors, and on the
requistIon 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 bs determined by |
a majority OF the stock there present and voting |
Sec q 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 a general
meeting convened for that purpose with the as
sent OF three-fourths of the stock 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 such meet ng. At
the termination of this Charter. the liquidation
shall be conducted by similar board of three
elected a. |
a general meeting OF stockholders convened for
the purpose.
THUS done and passed. at nay Office, in the
of Andrew J. Armstrong and John W. |
Hunter, lawful witnesses residing in this city,
who have hereuntO signed their names a- such,
together with the said appearers and me, said
notary, on the day, month and year herein first
written, after reading the whole.
(Origipsl SlGned) G. w. K. BAYLEY,
]. A. GIRDNER,
GEO. JONAS,
JULIUS WEII,
HUI KEN NEDY,
DAVID WALLACE,
+. B. WHEELOCK,
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS DUScEY,
(By l.. & Co.
JOHN PHELPS,
W. SCHMIDT,
SAMI H. 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 ,
New Orleans, do hereby certify. that The above
md foregoing act OF incorporation of the New
Orleans Pacific Railway Company" was this day
luly recorded in myofice, according to law, in
book 11S. foios GIG, 627, G28, 629, $50, 631 and
;32.
New Orleans, June 90, 1875.
Original signed.) G. DARCAETEL, 1
Deputy Recorder.
certify the above and foregoi to be true
nd correct copy Of the original charter and GER
ificate of recordation thereof, now extant in my
urrent register.
In faith, whereof, grant these presents under
ny hand and the impress Of my official seal, this
d daytf July, A. D. 1875.
J. G. EUSTIS, Notary Public
i've 35 Carondelet street.
Mrs. III. Z. Elliott,