The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-14
CHARTER.


not to impair it's usefulness to the public unne'
essarily; or if temporarily impaired in and duriH
the construction of the said railroads, the sal
r company shall restore the same to it's forme
= state, or to such state that ts usefulness an
O CONVENIENCE to the public shall not be unnecet
sarily impaired or injured, and The said compan
: shall not be required to construct draw in an
bridge over and across any stream or bayou
: except streams navigaole 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 o
said parishes, cities or villages. may choose t.
grant in reference to the construction, mainte
nance management and Use the railroads o
said company, depots, cars, locomotives ant
its business, within the limits of such or any O
said parishes. cities and villages.
Eighth-To appropriate property according tt
existing laws.
Nmth-To cross, intercept, join and unite it,
railways, and prorate with any other railroad
heretofore or hereafter constructed in the Sta tt
OF Louisiana, or any other State, at any poin
upon its route and upon the ground OF suct
other railroad, with the necessary turn-Outs
sldlngs, 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, for the purpose
OF constructing and maintaining said railroads. or
establishing continuous and connecting lines as
herenbefore provided; and as evidence OF the in
debtedness OF said company for such loans or
the purchase or lease OF such property, to issue
it's corporate bonds or promissory 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
| or the corpora ions, and for securing the pay
ment Of said bonds or notes, to mortgage 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 ".
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 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 IO) 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 di lectors 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 regulators
and from time to time alter, amend ana revoke
the same as they shall see tit touching the govern
ment of said Company, the transfer Of it's stock
the election OF lts officers, the management and
DISPOSE 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 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. 8. Seven of the directors shall constitute |
a quorum for the transaction of business, and |
the number of directors may be increased or |
by ma jority vote of stockholders in |
interests at any regular meeting, provided the num-
Der shall not be less than seven nor more than |
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
Sec. /. Stockholders meetings may be cllled
It any time by he Board of Directors and on the |
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
,ther business of the company, and all questions
Lrlslng at such meetings shall b. 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
Wednesday in January OF each year.
ARTICLE VI.
LIQUIDATION.
This corporation may be dissolved at general
1eetinS convened for that purpose with the as
eut of three-fouIths OF the stock of the COM
any and two thirds of the stock represented at
UGH meeting, and in case OF such dissolution
he liquidation shall be conducted by three COM
lissioners elected by ballot such meet n.y. At
he termination Of this Charter the liquidation
hall be conducted by similar board of three
to be in the same way elected at
general meeting Of stockholders convened for
ne purpose.
Thus done and passed, at nay Office. in the
resence of Andrew j. Armstrong and John W.
unter, lawful witnesses residing in this city, |
no have hereunto signed their names a., such, |
'gether with the said appearers and me, said t
otary, on the day, month and year herein first !
I1tten, after reading the whole.
(Originsl Sigred) G. W. Il. BAYLEY,
J. A. GIRDNER, q
GEO. JONAS, 7
JULIUS WEII,
HU KENNEDY,
DAVID WALLACE, a
F.B. WHEELOCK, a
E. L. r ANLETT
JOHN Fl. KENNARD,
CYRUS BUS~EY, p
JOHN pH Fl P: :" Va q
w. B. SCHMIDT,
SAMi II. KENNEDY, Il
A. J. ARMSTRONG;, r,
JOHN W. HUNTER, p
]. G. EISTIS. Notary Public.
|, the undersigned Deputy Recorder OF Mort p
ges in and for the parish of Orleans, city of
Nv Orleans, do hereby certify that The above a.
d foregoing act Of Incorporation of the sNew =
leans Pacific Railway Company" was this day !"
ly recorded ia my office, according to law, in al
ok 11s. foIos 62G, 627, 62a, e29, $50, 631 and b,
,. 40
New Orleans, June 20, 1875. %
Original signed.) G. DARCANTEL, ps
Deputy Recorder.
certify the above and foregoi to be true
4 correct copy of the original charter and GER
cate of recordation thereof, now extant in my y,
rent register. ~
n faith, whereof, grant these presents under
hand and the impress of my official seal, this cl,
day Of July, A. D. 1875. ~
]. G. EUSTIS, Notary Public. 81
rs IS CarOndelet street. To-
Mrs. III. 4. Elliott,