The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-05
CHARTER.

not to impair its usefulness to the pablo unne(
essarily: or if temporarily impaired in and durn
, the construction Of the said railroads, the sal
company shall restore the sane to it's forme
| state. or to such state that its usefulness an
CONVENIENCE to the public shall not he unncces
sarily impaired or injured, and the said compan
sbail not be required to construct a draw In an,
bridge over and across any stream or bayon
except streams navigable by enrolled and Ii
censed vessels, and when required by law.
Seventh--To ootsin. by grant or otherwise
from any parish, city or village within this State
any rights, privileges Or frsnchises that any d
, said parishes, cities or villages, may choose te
grant in reference to the construction, maiEte
nance management and use the railroads o.
said company, is depots, cars, locomotives anc
its business, within the limits OF such or any OF
said parishes, cities and villages.
Eighth-To appropriate property according to
existing laws.
Nmth-To cross, intercept, join and unite ts
RAILWAYS and prorate with any other railroad
heretofore or hereafter constructed in the State
Of Louisiana, or any other State, al any point
upon its ronte and upon the ground OF such
other railroad, with the necessary tnrn-outs,
| .idings, switches and other conveyances, IN
/ furtherance OF the objects of its connections.
| Tenth purchase or lea se fron any railroad
company OF corporation, at any authorized sale,
any railroad. and the charter, franchises, prop.
erty aud appurtenanccs thereof, aud maintain
and nse the same part OF the property OF
this COMPANY.
EIeventh-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 zines us
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 promissor. notes, bea ing
interest at such rate per ahnum as the directory
may elect, and made payable Ill gold or toe law
FIJI money Of the United States at such times and
place. as may be deemed most to the advantage
Of the corpora ions, and for securing the pay
ment Of eaid bonds or notes, to mortgage and
lpledge its railroads, it's capital stock, it's corpor
| ate franchsen and any OF Its real or personal
property, Or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS.
| SEC. /. Tins 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,
aud such officers and agents may from time to
time be appointed by such board No person
| ehail be director who is not the actual owner of
! at least ten (lO) shares OF the capital stock OF
-ad Company. Directors shall be elected
| nuaily, and continue i'll 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
Treasurer, and shall have power to make and
prescribe such bylaws and rules and regulations,
the same SO they shall tit touching tbs govern
men. OF said Company, the transfer of its stock,
the election OF its officers the management and
dlsposi ion OF its business, property and effects
thu powers and conduct of ts officers and agents
ana all other matters which shall in any way per-
tam to the concern of the Company.
Sec. 2 Ali election for directors shall be By
ballot, and every stakeholder shall be emit led
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 incres sed or
diminished by a majority vote OF stockholders i'll
interest at any reg uar meeting provided the num-
Der shall not be less than seven nlr more than
fifteen.
STOCKHOLDERS MEETINGS.
SEC. I. Stockholders meetings may be G. He'd
at any time by The Doard of Directors, and on the
requistlun OF the holders OF one-ffth OF the
capital stock Issued it shall be their duty to call
such meetings for the purpose IT amending this |
Charter and consdt ration of and action upon all
other business Of the company, and all questions
arising at such meetings shall be- determined. BY |
majority OF the stock there present and voting |
Sec. z. The annual meeting of the stockholders |
for the election of directors and transaction of |
Tie regular business shall be held on the second
Wednesday n January OF each year.
ARTICLE vi.
LIQUIDATION.
This corporation may be dissolved at q general |
meeting convened for that purpose with the as
sent OF three-foul this OF the stock of the COM
pany and two thirds of the stock represented at |
such meeting, and in case of such dissolution
the liquidation shall be conducted by three COM
missioners elected by ballot a such meeting At
the termination of this Charter. the liquidation
shall be conducted by a similar board of three
to be in the same way elected at
q general meeting of stockholders convened for
the purpose.
Thus done and pessed, at nay Office, in the
presence OF Andrew j. Armstrong and John W.
Hunter, lawful witnesses residing in this cty |
who have hereunto signed their names a. such.
together with the said appearers ard me, said
notary on the day, month and year herein first
written, after reading the whole.
(Originsl Signed) G. w. K. BAYLEY.
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEIV.
HU. KENNEDY,
DAVID WALLACE,
Z. B. WHEELOCK,
E. L. RANLETT,
JOHN II. KENNARD,
CYRUS BUs>EY,
JOHN p4 sET 7: 4 CD
W. 8. SCHMIDT
SAME, H. KENNEDY,
A. ]. ARMSTRONG,
JOHN W. HUNTER,
J. G. EUSTIS. Notary Public.
l, the undersigned DEPUTY Recorder Of Mort .
sges in and for the parish of Orleans, city of
Jew Orleans, do hereby certify that the above
nd foregoing act of incorporation of the ''New
'rleans Pscihc Railway Company" was this day
ulv recorded in my office, according to law, in
ook 1lS, foios 626, G27, 62s, 500, $50, 631 and
50.
New Orleans, June 90, 1875
Original signed. 9. DARCANTEI.,
Deputy Recorder.
certify the above and foregoi to be true
nd correct copy OF the original charter and GER
hcate of recordstion thereof, now extant in my 9
lrrent register.
In faith, whereof, grant these presents under
y hand and the impress OF my official seal, this
/ day of July, 4. D. 1875. +
J. G. EUSTIs, Notary Public. q
jy6 s5 Carondslet street
Mrs. IL. Z. Elliott.