The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-17
CHARTER.

company shall restore the same % ate NHMos
state or to such state that ~ us = s11
sarily impaired or injured, and the sald compeny
shall not be required to construct draw IN a1y
bridge over and across any stream or Deyo0s
except streams nayigable by enfG ns a.. mo y
Seventh-To obtain, by. grant Or otnerMees
from any parish, city or village within this btase
any rights, privileges or franchises that any q
said parishes, cities or villages, may CHOOSE q
grant in reference to the construction. mamie.
nance management and use 1.-THE railroads q
said company, lis depots, cars, locomotives ana
it's Business within the limits Of such or any Of
said parishes. cities and Villages.
Eighth-To appropriate property according %
existing laws.
Ninth-To cross, intercept, Join and unite its
railways, and prorate with any other rallroa0
heretofore or hereafter constructed 10 the STATE
upon its route and upon the ground OF such
other railroad, with the necessary tnfn-outes
| sidings, switches and other conveyancee, u
furtherance OF the objects of it's 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 mantalm
and use the same a. . part OF the property Of
| this company.
lease property ON its own credit, for the purpose
OF constructing and maintaining said railroads or
establishing continuous and connecting lines -
hereinbefore provided; and as evidence OF the M
| debtedness OF said company for such loans, OF
the purchase OF 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
| Of the corporations, and for securing the pay
| ment Of said bonds or notes, to mortgage and
pledge it's railroads, its capital stock. its corpor-
ate franchises and any OF its real or personal
rfv 0ro nj a
ARTICLE ~.
BOARD OF DIRECTORS.
SEQ. 1. Tho corporate powers Of this Oompa.
posed of fifteen stockholders to be elected in
accordance with the bylaws of the Company,
| and such officers and agents az 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
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 and revoke
the same az they shall see fit touching the govern
ment Of said Company, the transfer Of its stock,
the election of it's officers the management and
disposition OF it's business. property and effects.
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
of stock held by him for ninety days prior =
such election.
SEC 8. 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 meetng provided the num-
Der shall not be less than seven nor more than
fifteen.
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-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 N
other business of the company, and all questions
majority Of the stock there present and voting.
EEC. 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 ~
pany and two thirds Of the stock represented at
such meeting, and in case OF such dissolution
the liquidation shall be conducted by three conn
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 at
q general meeting Of stockholders convened for
the purpose.
presence of Andrew J. Armstrong and John ".
Hunter, lawful Witnesses residing in this city,
who have hereunt0 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. r. BAILEY
ia. GIRDNER
GEO. JONAS,
JULIUS WEIA
HU KENNEDY,
DAVID WALLACE,
r. B. WHEELOCK.
|. JOHN b. KENNARD,
CYRUS BUSsEY,
JOHN pA III + . CD
W.B. SCHMIDT,
SAML 81. KENNEDY.
A. J. ARMSTRONG,
JOHN W. HUNTER.
J.. g. EUSTIS, Notary Public.
/, tho 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 s.New
Orleans Pacific Railway Company" was this day
duly recorded in my Office, according to law, in
book 118, folios GIG, 627, 628, go, $50, 6S1 and
632.
New Orleans, June 20, 1875.
Original signed.) @. DAROANTEL,
Deputy Recorder.
certify the above and foregoing to be true
and correct copy Of the original charter and Ger.
current register,
In faith, whereof, I grant these presents under
my hand and the impress Of my official seal, this
Sd day Of July, A. D. 1876
J. G. EUHTI6, Notary Public.
jy6 rs Carondelet street.
Mrs. II. +. Elliott. :.
ARTIST.