The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-16
CHARTER.


state, or to such state that it's usefulness and
CONVENIENCE to the public shall not be unueceo-
sarily impaired or injured, and The said company
shall not be required to construct draw in any
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 6tate
any rights, privileges or franchises that any Of
said parishes, cities or villages. may choose -
grant in reference to the construction, mainte.
nance management and use the railroads Of
said company, It's depots, cars, locomotives and
its business, within the limits Of such or any Of
said parishes, cities and villages.
Elghth-To appropriate property according to
existing laws.
Ninth-To cross, intercept, Join and unite ito
railways, and prorate with any other railroad
heretofore or hereafter constructed in the Stat
OF Louisiana, or any other State, at any p
upon its route and upon the ground OF
other railroad, with the necessary tnrn-oQ j
sidings, switches and other conveyances, d
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
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 -
debtedness OF said company for such loans or
the purchase or lease OF such property, to issue
it's corporate bonds or promiseory notes, bearing
interest at such rate per annum as the direct3ryi
may elect and made payable in gold or the La
full money of the United States at such times d.
places as may be deemed most to the advantage
Of the corporations, and for securing the pay
ment OF said bonds or notes, to mortgage and
pledge its railroads, its capital stock its corpor
ate franchises and any of it's real or personal
property, or any portion Of the same.
ARTICLE ".
BOARD OF DIRECTORS.
SEQ. !. The corporate powers Of this Comps-
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
at least ten QO) 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
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,
and from time to time alter, amend ana revoke
the same az they shall fit touching the govern
ment of said Company, the transfer of it's stock.
the election of it's officers, the management and
disposition OF its business, property and effects,
the powers and conduct of itpoficers and agents.
anu all other matters which shall in any way Der.
tain to the concern of the Company.
Sec. 2. All election for directors shall be BY
ballot, and every stakeholder 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 the transaction OF business, and
the number of directors may be increased or
ivio ba1b v q m in
interest at any regular meeting, provided the NUM-
Der shall not be less than seven nor more than
fifteen.
STOCKHOLDERS MEETINGS.
SEC. 1. Stockholders meetings may be cslled
at any time by the Board of Directors, and on the
requisition of the holders Of 0ne-dfth 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
a majority OF the stock there present and voting.
SEQ. 2. The annual meeting Of the stockholdefg
for the election of directors and transaction Of
the regular business shall be held on the second
Wednesday in January of each year.
ARTICLE vi.
LIQUIDATION.
This corporation may be dissolved at Z general
meeting convened for that purpose with the ~
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 conn
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 nay Office, in the
presence of Andrew J. Armstrong and John W.
,9~rl DO IA
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.
Original Higned) G. w. h. BAYLEY
ia. GIRDNER,
GEO. JONAS.
JULIUS WKIS.
HUI. KENNEDY,
DAVID WALLACE,
i. B. WHEELOCK,
E. L. RANLETT,
JOHN 81. KENNARD.
CYRUS BUScEY,
JOHN pAl III + : CD
W.B. SCHMIDT,
SAM'L 81. KENNEDY,
A. ). ARMSTRONG,
JOHN W. HUNTER,
J. G. EUSTIS, Notary Public. .A =
l, the undersigned Deputy Recorder Of M6lek
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 New
Orleans Pacific Railway Company" was this day
duly recorded in my Office, according to law, il
book 118. foios 626, 627, Gas, 629, $50, 6S1 and
&c.,
New Orleans, June 20, 1875.
Original signed.) G. DARCANTEL,
Deputy Recorder.
certify the above and foregoing to be true
and correct copy Of the original charter and cer-
tifcate Of recordation thereof, now extant in my
current register.
In faith, whereof, 1 grant these presents under
my hand and the impress of my official seal, this
Sd day of July, A. D. 1875.
J. G. EUSTIS, Notary Public.
jy6 rs Carondelet street.
Mrs. III. 4. Elliott.