The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-21
CHARTER.

not to impair its usefulness to the public unnc
essarilv: or if temporarily impaired in and durn
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 and
CONVENIENCE to the public shall not be unneces-
ssrily 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 IL 4
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 Y
said parishes, cities or villages may choose to
grant in reference to the coiistruclon, malnte- ].
nance management ana use .ne railroads. OF q
said company, lie depotS, cars, locomotives and y
its business, within the limits OF such or any Of &
said parishes, cities ard villages i
Eiehth-To appropriate property according to 4
existing laws.
RAILWAYS. and prorate with any other railroad Y
heretofore or hereafter constructed IN the Statel
of Louisiana, or any other State, at any point
upon its route and upon the ground OF suchk
other railroad. with the necessary turn-outs,
sidings. switches and other conveyances inv
furtherance OF the objects OF It's connexions n
Tenth-To purchase or lease from any railroad Z
company or corporation, at any authorized sale,
any railroad. and the charter. francnlses, prop.E
erty and appurtenances thereof, aud malntalnR
and use the same as part Of the property Of,
this company.
Eleventh-To borrow money or to purchase OF
lease property on its own credit, for the purpose@
of constructing and maintaining said railroads orr
establishing continuous and connecting lines az
hereinbefore provided; and evidence OF the mo
debtedness of said company for such loans, G
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 dlrectorY
NAV elect and made payable III gold or the lawf r
FIJI money of the United States at such times and
places as may be deemed most to the advantages
of the corpora ions, and tor securing the pay
ment of said bonds or notes, to mortgage andch
pledge its railroads, It's capital stock its corpo
ate franchises and any of its real or persona
property or any portion OF the same.
ARTI LIE ".
BOARD OF DIRECTORS.
SIC. 1. The corporate powers OF this CompN
nv shall be vested IN Board OF Directors CONF
posed of fifteen stockholders to be elected II
accordance with the bylaws OF the CompanLt
and such officers and agents as may nom tlne
time be appointed by such board. No persNt
shall be director who is not the actual oWner@
at least ten 10) shares OF the capital stock n
said Company. Directors shall be elected All
nually, and continue in office until others anI
elected to fill their place, and shall have powerbk
fill vacancies in their number caused by deaf Y,
resignation or otherwise. The Oh ectOrs sA
elect one of their number as President OF SAIL
Company, another Vice President, and arothsE
Treasurer and shall have power to make anil
prescribe such bylaws and rules and regulations
and from time to time alter, amend ana revolt
the same as they shall see tit touching the goyen#
ment of said Company, the transfer OF its stOGN
the election of its officers the management an
disposition of its business, property and efecs
the powers and conduct OF it's officers and agent
ana all other matters which shall in any way Pc,
IA n to the concern of the Company.
SEC. 2. All election for directors shall be nj,
ballot. and every stakeholder shall be entil
to one vote in person or by proxy for each sha9ue,
of stock held by him for ninety days priol
such election. =. N@,
SEC 3. Seven Of the directors shall constit
quorum for the transaction OF business, gea1I
the number of directors may be increased ~,
diminished by maority vote OF stockhoder- j
interest at any regular meeting, provided the
Der shall not be less than seven nor more th
fifteen. Horv
STOCKHOLDERS MEETINGS. ~ y
SEC l. Stockholders meetings may be csl4orv
st any time by the Board of Directors, and on ~ n
reouisitlon of the holders OF one-hfth OF MorW
capital stock issued it shall be their duty to q !, y
such meetings for the purpose OF amending s
Charter and consideration OF and action upon n
other business of the company, and all quesha "a I,
arising at such meetings shall be determnedllt is
majority OF the stock there present and vot4D u
SEC. 2. The annual meeting OF the stockhod4wed
for the election Of directors and transaclons l
the regular business shall be held on the 8ecCfUW
Wednesday in January OF each year.
A n,ou.p.r1o w. a;ss
This corporation may be dissolved at gene
meeting convened for that purpose with the
sent of three-fourths OF the stock Of the cakustl
pany and two thirds of the stock Represented. IL
such meeting, and in case OF such dlssouNOrw
the liquidation shall be conducted by three CO
missioners elected by ballot such meet ng. 'wet
the termination of this Charter, the lquidat %
shall be conducted by a similar board OF To-
commissioners, to be in the same way elected
general meeting Of stockholders convened -
the purpose. 800
THUS done and passed, at nay Office, in 81 sp To
presence of Andrew ]. Armstrong and John ottor
Hunter lawful witnesses residing in this CLIO
who have hereunto signed their names as suD6O 7
together with the said appearers and me, sGE
notary, on the day, month and year herein usgtor
| written, after reading the whole. "a (, "A
(Orignsl Signed) G. w. X. BA9LE1, 81 nI
J. A. GIRDNER, "a
GEO. JONAS, An
JULIUS WElS, KO00
HU KENNEDY, BRl
DAVID WALLACE, &c
EB WHEELOCK, CIE
E. L. RANLETT,
JOHN Fl. KENNAR0kB
CYRUS BUSoEY, o.
(By L. & g. es
JOHN PHELPS, II
WB SCHMIDT, ton
SAM H. KENNEDly 1O1
A. J. ARMSTRONG, "a
JOHN W. HUNTER
]. G. EUSTIS. Notary Public. III
l, the undersigned Deputy Recorder Oh ntPE,
cages in and for the parish of Orleans, chlltton
New Orleans, do hereby certify. that me ~ p
and foregoing act Of incorporation of the y Pm
Orleans Pacific Railway Company" was tnls s5s 1n
duly recorded in my Office, according 10 s1 fa
book 118. foios 626, 627, G2o, 62s, o3o' oo' Ne,
632. -. Il
New Orleans, June 20, 1875. ,,,,,r ,e--25
Original =sned) q. DAhCAS IILdlAdam
certify the above and foregoi g to be nee
and correct copy of the original charter anu
ticate of rec0rdation thereof, now extant
| current register.
In faith, whereof, grant these presents
my hand and the impress of my Official seahs1DV
Sd day OF July, A. D. 1879. ,..,r. ~. mo
j. G.. EUSTIS, Notary Public lass
iv6 10 Carondelet se H}SA r
= so
Mrs. III. 4. Elliott, youde
WRl
D4me
'hder