The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-16
CHARTER.

convienerce to the pubic SHALL uoe Uo uA.AAo.
Ssr;lv Unmarried or injured, and the said company
ha n nj he reouired to construct draw IN any
BRIDGE over and across any stream or Dayo9s
erca5t streams navigable by enrolled and IL
oensed vessels, and when required BY law.
seventh-To obtain. py gran; +b ~ this atate
anv rights. privileges or franchises that any or
said parishes. cities or villages. may choose 70
grant in reference to the coDstrucuon, mainse %,
nance management and use ,tne raluu ~. -
said company. il depots, cars, locomotives suu Z,
;ts business within the limits OF such or any OF
said parishes, cities and villagee. -
Eiehth-To appropriate property according "
existing laws. a..
RAILWAYS, and prorste with any other ralrosut
heretofore or hereafter constructed in the state
of Louisiana, or any other State, at any poms'
upon its route and upon the ground OF sucn
other railroad, with the necessary tnrn-Oute,
sidines. switches and other conveyances, in
fnrtherance 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 or
this COMPANY.
Eleventh-To borrow money or to purchase or
lease property on its own credit, for the purpose
of constructing and maintaining said railroads OF
establishing continuous and connecting lines AZ
hereinbefore provided; and as evidence OF the IN
debtedness Of said company for such loans, OF
the purchase VI lcdo0 VI 6UCA fioPOAeyS " AsseS
it's corporate bonds or promissory notes, bearing
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 ana
of the corpora ions, and for securing the pay
ment OF said bonds or notes, to mortgage an0
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 Oompa-
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 tlme TO-
time be appointed by such board. NO person
shall be director who is not the actual owner Of
at least ten hoy 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. 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 an0 revoke
the same az they shall fit touching the govern
ment of said Company, the transfer Of its stock.
the election of its officers, the management and
disposition 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-
tain to the concern Of the Company.
SEC. 2. 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. 5. Seven Of the directors shall constitute
q 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.
STOCKHOLDERS MEETINGS.
SEQ. I. Stockholders meetings may be called
at 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 cali
such meetings for the purpose OF amending this
Charter and consideration Of and action upon AZ
other business Of the company, and all questions
arising at such meetings shall be determined by
q 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 W.
LIQUIDATION. 81
This corporation may be dissolved ct . general
meeting convened for that purpose with the a.
sent Of three-fourths Of the stock of the COM
pany and two thirds of the stock represented IT.
such meeting, and in case of such dissolution
Inc uQuluAWUu 6udu O0 COuuuCIeO ny tQI00 COE4>
missioners elected by ballot at such meeting. Al
the termination Of this Charter, the iquidation
shall be conducted by similar board Of three
commissioners, to be in the same way elected at
. general meeting OF stockholders convened for
the purpose.
Thus 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 o. such,
together with the said appearers and me, said
notary, on the day, month and year herein first
written, after reading the whole.
(Originsl Sgned) G. W. R. BAILEY.
ia. GIRDNER,
GEO. JONAS,
JULIUS WEBS,
HU KENNEDY,
DAVID WALLACE,
e. B. WHEELOCK,
E. L. RANLETT,
JOHN q. KENNARDs
CYRUS BUSSEY,
by I: s Gay
W.B scHaMIDn1T,
SAM'L Fl. KENNEDY,
Al. ARMSTRONG;,
JOHN W. HUNTER.
J. 6. EUSTIS. Notary Public.
cages in and for the parish Of Orleans, city Of
New Orleans, do hereby certify that the above.
and foregoing act Of incorporation Of the ''New
Orleans Pacific Railway Company" was this day
duly recorded in my Office, according to law, in
632.
New Orleans June 20, 1875.
Original signed.) 6. DARCANTEL.
Deputy Recorder.
Icertify the above and foregoing to be true,
and correct copy of the original charter and cer-
ti6cate of recordaton thereof, now extant in my
current register.
In faith, whereof, grant these presents under
my hand and the impress of my official seal, thiss
Sd day OF July, A. D. 1876
]. G. EUSTIS, Notary Public.
jy6 rs Carondelet street.
Mrs. III. 4. Elliott.
ARTIST