The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-10
CHARTER.

CONVENIENCE TO the puDIlc susu noe 70 uAoSos
ssriiy impaired or injured, and the said company
ahaIi not be required to construct draw IN any
bridge over and across any stream or bayou
except streams navigable by enrolled ana u
censed vessels, and when required by law.
Seyenth-TO obtain, by grant or otneIWls9>
from any parish, city or village within this State.
any rights, privileges OF franchises that any OF
said parishes, cities or villages, may choose TO-
grant in reference to the construction, MAMIE.
nance management and use THE railroads OF
said COMPANY irs depots cars, locomotives and.
it's business, within the limits OF such or any OF
said parishes, cities and villages.
Eighth-To appropriate property according TO-
existing laws. a.
railways, and prorate with any other raiiroaG
heretofore or hereafter constructed in the State
of Louisiana or any other State, at any poins'
upon its route and upon the ground OF sucn'
other railroad, with the necessary turn-ontss
sidngs. switches and other conveyances, In
furtherance OF the objects of its connections.
Tenth-To purchase or lease from any railroa0
company or corporation, at any authorized sale,
erty and appurtenances thereof, and maintain
and use the same as part OF the property or
this company.
EIeventh-To borrow money or to purchase OK
lease property its own credit, for the purpose
OF constructing and maintaining said railroads or
establishing continuous and connecting lines a.
hereinbefore provided; and as evidence OF the in
debtedness of said company for such loans, or
purchase
it's corporate bonds or promiss0ry 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 anu
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 an0
pledge it's railroads. it's capital stock, its corp0r
ate franchises and any of it's real or PERSONAL
property, or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS. EN-
SEC. l. The corporate powers of this Compa-
nv shall be vested in a Board of Directors COM
poeed of fifteen stockholders to be eected In
accordance with the bylaws offh4 Comtony,-
and such officers and agents as mey nom tame to
time be appointed by such board No person
shall be director who is not the optual owner 0r
at least ten (10) shares of the cApitl cock OF
said Company. Directors shall BE- Uecte0 an
nually, and continue in Office u1t1 Othess 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
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 see fit touching the govoen-
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 it's officers and agents.,
tain to the concern of the Company.
Sec. q All election for directors shall b. 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 t.
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.
STOCKHOLDERS MEETINGS.,
Sec. /. Stockholders meetings may be called
It any time by the Board of Directors and on the,
.equisition Of the holders OF on6-ffth of the.
,apital stock issued it shall be their duty to CALI
,uch meetings for the purpose Of amending this
Charter and consideration OF and action upon all,
,ther business Of the company, and all questions
'rising at such meetings shall be determined by
majority Of the stock there present and voting.r
EEC. 2. The annual meeting of the stockholderB71
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 ct general
Meeting convened for that purpose with the as-
ent of three-fourths Of the stock OF the COM
'any and two thirds Of the stock represented A.
he liquidation shall be conducted by threecom-
nissi0ners elected by ballot at such meeting. AZ
he termination Of this Charter, the Liquidation
hall be conducted by similar board Of three
commissioners, to be in the same way elected ct
general meeting Of stockholders convened for
he purpose.
Thus done and passed, at nay Office, in the.
resence of Andrew J. Armstrong and John w.
iunter, lawful Witnesses residing in this city.
rho have hereunto signed their names as such.
ogethsr with the said appearers and me, said.
otary, on the day, month and year herein fret
ritten, after reading the whole.
(Originsl Signed) G. W. r. BAYLEY
]. A. GIRDNER,
GEO. JONAS,
JULIUS WRIS,
HUI. KENNEDY.
DAVID WALLACE,
T.. B. WHEELOCK,
E. L. RANLETT,
JOHN q. KENNARD. =.
CYRUS BUS5EY,
JOHN pa 81 + $ Gu
w. B. SCHMIDT,
SAM'G 81. KENNEDY,
A. j. ARMSTRONG,
JOHN W. HUNTER,
J. 6. EUSTIS, Notary Public.
ages in and for the parish of Orleans, city os
eW Orleans, do hereby certify that the above
az foregoing act OF incorporation Of the s'New
reans Pacific Railway Company" was this day
NY recorded in my office, according to law, in
ook 11S, foios 626. 627, 628, 629, $50, 6S1 and
New Orleans, June %, 1875.
Original signed.) @. DARCANTEL
Deputy Recorder.
certify the above and foregoing to be true,
ID correct copy Of the original charter and GER
hcate OF recOrdation thereof, now extant in my
lrrent register.
In faith, whereof, grant these presents under
hand and the impress Of my official seal, this
day OF July, A. D. 1875.
]. g. EUSTIS, Notary Public,
Jyo rs Carondelet street.
Mrs. Fl. +. Elliott,
ARTIST"