The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-15
CHARTER.

eBSar1ly or II temporarily impaired IN and during
the construction Of the said railroads the sale
company shall restore the same to its forme,
state, or to such state that it's usefulness anC
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 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 villages may choose to
| grant in reference to the construction, mainte.
nance management and use o the railroads OF
| said company, is depots, cars, locomotives and
| its business, within the limits of such any OF
said parishes. cities and villages.
| 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 turn-outs,
sidings, 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 author lied 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
of constructing and maintaining said railroads or
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 prOmlssOry notes, bea ing
| 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 corpOI a ions. and for securing the pay
ms nf SaId nr n rfyay 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 w.
BOARD OF DIRECTORS.
SEQ 1. The corporate powers of this Compa.
ny shall be vested III 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 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
prescribe such bylaws and rules and regulations,
and from time to time alter, amend ana revoke
the same az they shall see fit 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 its officers and agents,
anu 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 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
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
requisition of the holders Of one-tfth 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. 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-fou1ths 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 a such meet ng. At
the termination of this Charter, the liquidation
shall be conducted by a similar board of three
to be in the same way elected at
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 such,
together with the said appearers and me, said
notary, on the day, month and year herein first
written, after reading the whole.
(Originsl Signed) G. W. X. BAYLEY,
]. A. GIRDNER,
GEO. JONAS, |
JULIUS WEIS,
HU. KENNEDY,
DAVID WALLACE,
K. B. WBEELOCK, |
E. L. RtNLETT,
JOHN II. KENNARD,
CYRUS BUS,EY,
JOHN r4 81 +; 4 Co.
W. B. SCHMIDT,
SAAI'i H. KENNEDY,
A. J. ARMSTRONG,
JOHN W. HUNTER,
J. G.. EUSTIS. Notary Public.
l, the undersigned Deputy Recorder OF Mort
yages 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 my office, according to law, in
,ook 49, folios 626, 627, 62S, 629, $50, 631 and
32.
New Orleans, June 20, 1875.
Original signed.) G. DARCANTEL,
Deputy Recorder.
certify the above and foregoi 6 to be a true
nd correct copy of the original charter and Ger
ifcate of rec0rdation 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 day Of July, A. D. 1875.
j. G. EUSTIS, Notary Public.
jy6 35 Carondelet street.
Mrs. III. I. Elliott,
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