The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-31
CHARTER.

/ OH AhIEk&s
....,--,,,.o~
~ 20 ;n,n.ir ;ts uaefnlness to the public unnec.
exsarilv: or if temporarily impaired in and during
| the construction Of the said railroads. the sal0
company shall restore the same 70 lts IoTme!
state. or to such state that it's usefulness anos
conyienence to the public shall not be unneces--
ssrilv impsired or injured, and the said company
| shall not be required to construct draw IN any
bridge over and across any stream OF bayou
except streams navigable BY enroiled ana NJ
censed vessels and when required by law.
Seventh-To obtain, by grant or otherwise.
from any parish, city or village within TINS osates
any rights, privileges or franchises that any or
said parishes, cities or villages. may CHOOSE -
grant in reference to the construction, malnte-
nance management and use 1.-THE railroads OF
said company, lis depOts, cars, locomotives An0s
it's business, within the limits of such or any or
said parishes. cities and villages.
Eighth--To appropriate property according TO-
existing laws.
Ninth-To cross, intercept, Join and unite It's
railways and prorate with any other. railroads
heretofore or hereafter constructed in the State~
Of Louisiana, or any other State, at any point
upon it's route and upon the ground Of euchs
other railroad, with the necessary tnrn-0uts,,
sidings, switches and other conveyAnces. Ira
furtherance OF the objects Of its connections.
Tenth-To purchase or lease from any r4lr0adA
company or corporation, at any authorized sale,
any railroad, and the charter, franchises, prop
erty and appurtenances thereof, aud maintain
and use the same as part Of the Noperty ot'
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 a.
hereinbefore provided; and as evidence of the in-
debtedness Of said company for such loans, o.
the purchase or lease OF such property, to issue
it's 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 andx
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 ande
pledge its railroads. its capital stock, it's cOrp0r-
ate franchises and any of it's real or personaN
property, or any portion OF the same.
ARTICLE ~.
BOARD OF DIRECTORS.
SEQ. 1. Tho corporate powers Of this Oompa.
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-
shall be director who ia not the actual owner Of
at least ten (10) 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 and revoke.
the same as they ehall fit touching the govern
ment Of said Company, the transfer Of its stock,
the election of its officers, the management and
disposition of it's business, property and effects,
the powers and conduct Of its officers and agents.,
anu all other matters which shall in any way per-
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 constitutes
q quorum for the transaction OF business, and
the number OF directors may be increased or
diminished by majority vote Of stockholders inx,
interest at any regular meeting, provided the num-
Der shall not be less than seven nor more than
ARTICLE v.
STOCKHOLDERS MEETINGS.
SEQ. 1. Stockholders meetings may be cslled
at any time by the Board Of Directors, and on the
requisiti0n Of the holders Of one-ffth OF thea
capital stock issued it shall be their duty to ca17
such meetings for the purpose Of amending this
Charter and consideration Of and action upon Az
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.
SEG 2 The annual meeting OF the stockholderss
for the election Of directors and transaction o.
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 49,
sent of three-fourths Of the stock of the cona-~
pany and two thirds OF the stock represented -,
such meeting, and in case OF such. dissolutiors
The liquidation shall be conducted by three COM
missiOners elected by ballot at such meeting. A.
The termination Of this Charter. the Liquidation
shall be conducted by similar board Of three
to be in the same way elected g
/ n00tin0 at0ck hOldore Anr>.
the purpose.
Thus done and passed, at nay Office, in Tho
presence of Andrew J. Armstrong and John W.
Hunter, lawful witnesses residing in this ety.
vho have hereunto signed their names g sucks
ogether with the said appearers and me, eaScfs
notary, on the day, month and year herein druek
written, after reading the whole.
(Originsl Signed) G. w. r. BAYLEY
A. GIRDNER
GEO. JONAS.
JULIUS WEIN
HU. KENNEDY,
DAVID WALLACE
e. B. WHEELOCK.
E. L. RANLETT,
JOHN b. KENNARDs~
CYRUS BUSsEY,
JOHN pA III + : a''>
W.B. SCHMDT,
SAML FL. KENNEDY
A. J. ARMBTRONG,
JOHNW. HUNTER.
J. g. EUETIS, Notary Public
I, the undersigned Deputy Recorder Of Mort-s
ages in and for the parish Of Orleans, city on
lew Orleans, do hereby certify that the abo7as
nd FOREGOING act Of incorporation Of the s.NeWs
rIeans Pacific Railway Company" was this dsFs
uly recorded in my Office, according b law, II
COX 11S, folios GAG. 627, 62s, GO. $50, 6Sl sn1N
New Orleans June 20, 1875.
Original signed.) G. DARCANTEL.
Deputy Recorder.
certify the above and foregoing to be s trusa
nd correct copy Of the original charter and cars
ficate OF recordation thereof, now extant in mrI
1rrent register.
In faith, whereof, grant these presents undesd
" hand and the imnraaa Of ofiriel 49,