The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-07
CHARTER.

not to impair 1t6 ueelo!noes ~ sasg esAS
the cosnstruction Of the said railroade, the nid
company shall restore the same - ~ fofme!
state. OF to such state that il usefulness ana
conyienence to the public shall not ee unnecee-
ssrilv impaired or injured, and the'said company
sbsIi not be required to construct draw u any
bridge over and across any stream Of bayou,
excent streams navigable by enrolled and h
cansed vessels. and when required BY NV.
emit n.Isb csy Or village within this state
any rights, privileges or franchises that any q
said parshes. cities or villages. may choose ~
grant in reference to the constructlon, NAME.
nance management and use 1.-THE rNiroaas q
said company. depots, cars, locomotives ana
its business. within the limits OF such or any OF
said parishes. cities and vilagee.
Eighth-To appropriate properly accordlns %
existing laws. .:, a..
Nnth-To cross, intercept, JOIN ana un !' 70
railways and prorate with any other rsi y, !.
heretofore or hereafter constructed in the state
| of Louisiana, or any other State, ct any pons
| upon its route and upon the ground OF eucn
other railroad with the necessary tnrn-outs.
sidings, switches and other conveyances, y
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 az . part of the property OF
| E,eyenth-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 ~
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, beatmg
interest at such rate per annum as the directory
may elect, and made payable in gold or the law
fui money of the United States at such times and
places as may be deemed most to the advantage
Of the corporations. and for securing the pay
\ 1%A 10 rfrpofr and
pledge its railroads. its capital stock, its corpor-
ate franchises and any of it's 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 conn
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 (1O) 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
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 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.
Ill
q quorum for the transaction Of business, and
the number Of directors may be Increased or
diminished by majority vote OF stockholders in
interestat any regular meeting, provided the num-
Der shan not be less than seven nor more than
fifteen.
ARTICLE v.
STOCKHOLDERS MEETuDHs.
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 can
such meetings for the purpose OF amending TIN
other business OF the company, and all questions
arising at such meetings shall be 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 q
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 -
sent of three-fourths Of the stock Of the COM
pany and two thirds Of the stock represented ct
such meeting, and in case of such dissolution
the liquidation shall be conducted by three COM
missioners elected by ballot at such meeting. At
the termination Of this Charter, the liquidation
shall be conducted by similar board Of three
commissioners, to be in the same way elected ct
q general meeting Of stockholders convened for
the purpose.
Thus done and passed, ct 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 ~ such,
together with the said appearers and me, said
notary, on the day, month and year herein first
written. after reading the whole.
Original Signed) G. w. X. BAYLEY
ia. GIRDNER,
GEO. JONAS,
JULIUS WEIH
HU. KENNEDY,
DAVID WALLACE.
i. B. WHEELOCK,
E. L. RANLETT,
JOHN Il. KENNARD,
CYRUS BUScEY,
JOHN pAE E r = d''
W.B. SCHMIDT,
EAM'L 81. 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
and FOREGOING act OF incorporation Of the "New.
orleans Pacific Railway Company" was this day
duly recorded in my Office, according to law, =
book lis, folios GAG, 627, 628, GO, ESQ, 6s1 and
New Orleans, June 20, 1875.
Original signed.) @. DARCANTEL.
Deputy Recorder.
lcertify the above and foregoing to be ma
and correct copy OF the original charter and Ger
Eif1cste OF recordation thereof, now extant in my
current register.
In faith, whereof, grant these presents under
ny hand ana the impress Of my official seal, this
ID day Of July, A. d. 1875.
]. g. EUSTIS, Notary Public.
Jy6 rs Carondelet street.
Mrs. III. r. Elliott,
ARr1ar'