The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-18
CHARTER.

essarily; or il temporarily impaired IN and during
the construction q the saad rsalrosd; ne ssld
state, or to such state that its usefulness and
CONVENIENCE to the public shall not be unnecee-
sarily 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 u
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
said parishes, cities or villages, may choose to
grant in reference to the construction, mainte-
nance management and use 1.-THE railroads OF
said company, i,s depots, cars, locomotives and
said parishes. cities and villages.
EghthE,To appropriate property according to
Ninth-To cross, intercept, Join and unite ito
railways, and prorate with any other railroad
heretofore or hereafter constructed in the State
| OF Louisiana, or any other State, ct any point
upon it's route and upon the ground OF such
other railroad with the necessary tnrn-out..
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 maintain
and use the same as part Of the property OF
l 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 -
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 promissOry notes, bearing
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 eaid bonds or notes, to mortgage and
pledge it's railroads. it's capital stock, it's corpor-
| ate franchises and any Of it's real or personal
property, or any portion of the same.
ARTICLE ".
BOARD OF DIRECTORS.
Sec. /. Tho corporate powers Of this Oompa-
ny shall be vested in Board OF Directors conn
| 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
said Company. Directors shall be elected an
nually, and continue in Office until others arc
elected to fill their place, and shall have power to
fill vacancies in their number caused by death,
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 as they shall 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 ia any way per.
tain to the concern Of the Company.
Sec. q All election for directors shall be BY
ballot, and every stockholder 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
q quorum for tho transaction of business and
a n NAV HI Snnp md M
diminished by majority vote Of stockholders in
interest at any regular meeting, provided the NUM-
Der shall not be less than seven nor more than
fifteen:
ARTICLRv.
STOCKHOLDERS MEETINGS..
SEQ. l. Stockholders meetings may be called
at any time by the Board Of Directors, and on tho
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 al
other business OF the company, and all questions
arising at such meetings shall be determined by
q majority Of the stock there present and voting,
Sec. 2. The annual meeting Of the Stockholders
the regular business shall be held on the second
Wednesday in January of each year.
ARTICLE vi.
LIQUIDATION.
This corporation may be dissolved ct general
meeting convened for that purpose with the a.
sent of three-fourths of the stock Of the conn
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
general meeting Of stockholders convened for
the purpose.
Thus done and passed, at my 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.
(Originsl Signed) G. W. B. BAILEY
IA. GIRDNER,
GEO. JONAS,
JULIUS WEIH
HUI KENNEDY,
DAVID WALLACE.
+. B. WHEELOCK,
E. L. RANLETT,
JOHN II. KENNARD,
CYRUS BUSsEY,
JOHN pA III + CD
W.B. SCHMIDT.
SAML 81. KENNEDY
A. J. ARMSTRONG,
JOHN W. HUNTER,
G. EUSTIS, Notary Public
!, 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 eNew
Orleans Pacific Railway Company" was this day
duly recorded in my Office, according to law, in
book 11S. folios GAG, 627, 62S, $40, $50. 6s1 and
632.
New Orleans, June 20, 1875.
Original signed.) c. DARCANTEL.
Deputy Recorder.
certify the above and foregoing to be true
and correct copy of the original charter and GER
tifcate of recordation thereof now extant in my
current register.
In faith, whereof, grant these presents under
my hand and the impress of my official seal, this
Sd day Of July, A. D. 1875.
]. @. EUSTIS Notary Public.
jy6 IS Carondelet street.
Mrs. ii. 4. Elliott.
ARTIST"