The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-03
CHARTER.

.he construction of the said railroads, the SAX
company shall restore the came to its iorme!
| statr or to such state that its usefulness anc
| CONVENIENCE to the public shall not be unneces
| sarly 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 enroiied ana u
| censel vessels, and when required by law.
Seyenth-To obtain. by gran! or otherwise,
from any parish city or village within th,s otate
any rights, privileges or franchises that any OF
said parishes, cities or villages, may choose 70
grant in reference to the construction, mamie.
nance management and use o 1.-THE railroads Of
| said company, i depots, cars, locomotives ano
it's business within the limits Of such OF any OF
said parishes, cities and village-.
Eiehth-To appropriate property according to
existing laws.
Ninth-To cross, intercept, join and unite its
RAILWAYS. and prorate with any other railroad
heretofore or hereafter constructed IN the state
of louisiana or any other State, at any point
upon its route and upon the ground OF sucn
other railroad, with the necessary tnrn-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 tho charter. franchises, prop
erfy aud appurtenances thereof aud maintain
and use the same as q part Of the property Of
this COMPANY.
E!evenIh-To borrow money or to purchase or
lease property ON its own credit, for the purpose
establishing continuous and connecting ines a.
hereipbefore provided; aud 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 promlssory notes, bea ing
interest at such rate per annum as the directory
NAV elect, and made payable i'll 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 corpora ions, and for securing the pay
ment OF said bonds or notes, to mortgage and
- :xc o,yrpc 6a "a
ate franchises and any OF its real or personal
property, or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS.
SEQ. 1. The corporate powers Of this Compa-
nv 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 70
time be appointed by such board No person
shall be director who is not the actual owner OF
at leas. 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 dil ectors shall
elect one of their number as President OF said
Company, another Vice President, and another
Treasurer, and ehall have power to make and
prescribe such bylaws and rules and regulations,
and from time to time alter, amend anu revoke
the same az they shall see tit touching the govern
ment of said Company, the transfer OF its stock.
the election Of its officers, the management and
disposition OF its business, property and effects,
the powers and conduct of its officers and agents,
ana 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 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. 3. Seven of the directors shall constitute
4 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-
fifteen.
ARTICLE v.
STOCKHOLDERS MEETINGS..
SEc /. Stockholders meetings may be called
Mt any time by the Board of Directors, and on the
requisition Of the holders OF one-fYth of thee
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 al, question:
arising at such meetings shall be determined BY
4 majority OF the stock there present and voting.
SEC. 2. The annual meeting of the stockholders
or the election Of directors and transaction OF
he 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 as
Ient OF three-fourths OF the stock of the COM
,any and two thirds Of the stock represented at
uch meeting, and in case OF such dissolution
he liquidation shall be conducted by three COM
nissioners elected by ballot a. such meet ng. At
he termination of this Charter, the liqmdation
hall be conducted by a similar beard Of three
to be in the same way elected 1T
general meeting Of stockholders convened for
he purpose.
Thus done and p~ssed. at my Office, in the
presence Of Andrew j. Armstrong and John w.
dunter, lawful witnesses residing in this CITY.
Vho have hereuDto signed their names g. such.
ogether With the said appearers and me, said
lotsry, on the day, month and year herein irst
(Originsl signedl G. W. K. BAYLEY.
J. A. GIRDNER,
GEO. JONAS
JULIUS WEIS,
HU KEN NEDY,
DAVID WALLACE,
/. 3. WHEEL OCK,
E. L. RANLETT,
JOHN H. KENNARD.
CYRUS BUScEY,
by L. Il G.,)
JOHN PHELPS,
w. B. SCHMIDT,
SAINT. II. KENNEDY,
A. J. ARMSTRONG,
JOHN W. HUNTER,
J. G. EUSTIS. Notary Public.
I, the undersigned Deputy Recorder OF Mort
ages in and for the parish OF Orleans, city OF
eW Orleans. do hereby certify that he above
nd foregoing act of incorporation of the New
rlcans Pacific Railway Company" was this day
nly recorded in my office, according to law, in
ook 118, foos e26, 627, G28, 629. $50. 631 and
81.
New Orleans, June %, 1875
Original signed.) G. DARCANTFL,
Deputy Recorder.
cert1y the above and fOregoi to be true
al correct copy of the original charter and Ger
ncate OF recordation thereof, now extant in my
lrrent register.
In faith, whereof, grant these presents under
y hand and the impress of my official seal, this
day Of July, A. d. 1875.
j. g. EUSTIS, Notary Public.
Jy6 rs Carondelet street.
Mrs. III. I. Elliott.