The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-13
CHARTER.

not to impair its usefulness to the public unnec
essarily; or il temporarily impaired in and durinl
the construction of the said railroads, the salt
company shall restore the same to its fOrme
CONVENIENCE to the public shall not be unneces
sarlly 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 Ii
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 o
SAID parishes, cities or villages, may choose to
grant in reference to the construction, ma1te
nance management and use O the railroads o.
said company, depots, cars, locomotives and
! its business, within the limits of such or any Of
said parishes, cities and villages.
EIghth-Io appropriate property according te
| existing laws.
hinth-To cross, intercept, join and unite its
| railways and prorate with any other railroad
heretofore or hereafter constructed in the Sta e
of Louisiana. or any other State, at any poin;
upon its route and upon the ground Of such
| other railroad with the necessary turn-outs
sidings, switches and other conveyances, in
| 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 appurtensnces thereof, aud maintain
and use the same part OF the property OF
| this company.
EleveD,h-To borrow money or to purchase OF
lease property on its own cfeclt, for the purpose
OF constructing aud maintaining said railroads or
| establishing continuous and connecting ines as
hereinbefore provided; and as evidence OF the in
| debtednes5 OF said company for such loans, or
the purchase or lease of such property, to issue
| It's corporate bonds or promlssory notes, bea ing
interest a such rate per annum 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 cOrpol ions. and for securing the pay
| ment of said bonds or notes, to mortgage and
pledge its railroads. it's capital stock, its corpor
ate franchises and any of its real Or personal
property, or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS.
SEQ. /. The 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,
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 ill their place, and shall have power to
I'LL vacancies in their number caused by death,
resignation or otherwise. The dit ectors 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 ana revoke
the same they shall see fit touching the govern
ment of said Company, the transfer OF its stock.
the election of its officers, the management and
dlsposi ion OF its business, property and effects,
the powers and conduct of its officers and agents,
anu all other matters which shall in any way per-
tam TO the concern OF the Company.
SEC. 2. All election for directors shall be by
ballot, and every stakeholder shall be emit led
to one vote In person or by proxyfor each sEa;e
of stock held by him for ninety days prior to
such election.
SEC. 3. Seven of the directors shall constitute
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 meeting provided the num-
ber shall not be less than seven nor more than
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
FEC. 1. Stockholders meetings may be called
at any time by The Board of Directors, and on the
,equisition OF the holders Of one-nfth 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 all
other business of the company, and all questions
arising at such meetings shall be determined by
majority OF the stock there pres ut and voting.
SEC. 2. The annual meeting of the stockholders
for the election of directors and transaction of
the regular business shall be held on the second
W CUucsCd1 III JdDudTy Vi taCl year.
ARTICLE VI.
LIQUIDATION.
This corporation may be dissolved ct general
meeting convened for that purpose with the as
sent of three-fourths 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 at such meet ng. At
the termination of this Charter, the liquidation
shall be conducted by a similar board of three
commissioners, to be in the same way elected at
a general meeting OF stockholders convened for
the purpose.
Thus done end passed, at my Office, in the
presence Of Andrew J. Armstrong and John W.
Hunter, lawful witnesses residing in this city,
together with the said appearers and me, said
notary, on the day, month and year herein first
written, after reading the whole
(Orignsl Signedl G. w. r. BAYLEY,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HU KENNEDY,
DAVID WALLACE,
i. Is. WHEELOCK,
Z. l.. RANLETT,
JOHN Il. KENNARD,
CYRUS BUS5EY,
JOHN pH Hi ''
W. B SCHMIDT,
SAINT. H. KENNEDY,
A. J. ARMSTRONG,
JOHN w. HUNTER,
J. G. EtfSTIS. Notary Public.
I, the undersigned Deputy Recorder Of Mort
cages in and for the parish of Orleans, city of
New Orleans, do hereby certify that he above
md foregoing act OF incorporation of the ''New
Orleans Pacific Railway Company" was this day
luly recorded in my Office, according to law, in
book 1lS. foios 626, 627, 62s, 629, $50, 6s1 and
1872.
Nau Or1aons limo 90 1917
Original signed.) @. DARCANTEL.
Deputy Recorder.
certify the above and foregoi to be true
md correct copy OF the original charter and Ger
iicate of recordation thereof, now extant in my
current register.
In faith, whereof, grant these presents under
ny hand and the impress Of my official seal, this
ID day OF July, A. D. 1875.
j. G. EUSTIS, Notary Public.
jv6 IS CarOndeiet street.
Mrs. III. Il. Elliott.