The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-10
CHARTER.


COMPANY shall restore the same to Its former
state or to such state that its usefulness and
CONVENIENCE to the public shall not be unneces-
sarilv impaired or injured, and the SAID company
shaIj not be required to construct draw IN any
bridge over and across any stream or Dayou,
excent streams nayigable by enrolled and IL
censed vessels, and when required by law.
Seventh-To OBTAIN. by grant or otherwise.
from any parish city or village w.nln ms Ssa.e,
said parishes, cities or villages may choose 70
grant in reference to the constructlon, mamie
nance management and use the raliroaos OF
said company, is depots, cars, locomotives an1
its business within the limits Of sGcn OF any VI
said parishes, cities and villages.
Eighth-To appropriate property according 10
existing laws.
Ninth-To cross, intercept, Join and unite its
railways, and prorate with any other raiiroad
heretofore or hereafter constructed in the State
of Louisiana, or any other State, at any poins
upon it's route and upon the ground OF sucn
other railroad, with the necessary tnrn-oute,
sidings, switches and other conveyances, In
furtherance OF the objects Of its connections
Tenth-To purchase or lease fro N any railroad
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 property OF
this COMPANY.
Eleyenth-To borrow money or to purchase or
lease property on its own credit, for the purpose
of constructing and maintaining said railroads or
hereinbefore provided; and as evidence of the in
debtedpess Of said company for such loans, or
the purchase or lease OF such property, to1esue
it's corporate bonds or promissory notes, bea ing
NAV 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 corporations. and for securing the pay
ment of said bonds or notes, to mortgage and
pledge its railroads. it's capital stock, its corp0r-
ate franchises and any OF its real or personal
property, OF any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS.
SEC. 1. The corporate powers of this Comps-
nv shall be vested in q 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 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 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 see 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 it's 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 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
quorum for the transaction of business, and
fha nbar nj m "A
diminished by 3 majority vote OF stockholders in
interest at any regular meeting, provided the num-
Der shall not be less than seven nor more than
fifteen.
ARTICLE
STOCKHOLDERS MEETINGS..
SEC. 1. Stockholders meetings may be called
at any time by the Board of Directors, and on the
requisition of the holders OF one-ifth OF the
capital stock issued it shall be their duty to call
such meetings for the purpose OF amending this
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.
SEC. 2. The annual meeting of the stockholders
the regular business shall be held on the second
Wednesday in January OF each year.
ARTICLE vi.
LIQUIDATION.
This corporation may be dissolved at general
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 ~ such meeting. At
the termination of this Charter, the liquidation
shall be conducted by similar board of three
to be in the same way elected ct
. general meeting OF stockholders convened for
the purpose.
Thus done and passed, at my Office, in the
presence of Andrew j. Armstrong and John w.
Hunter, lawful witnesses residing in this city,
who have hereuntO signed their names as such,
together with the said appearers and me, eaid
notary, on the day, month and year herein frst
written, after reading the whole
(Originsl Signedl CIV. R. BAYLEY,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEBS,
HU. KENNEDY,
DAVID WALLACE
e. B. WHEELOCK,
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSoEY,
JOHN PHELPS Fl Fl; . ''''
SAM'L II. KENNEDY.
A. J. ARMSTRONG,
JOHN w. HUNTER,
J. G. EUSTIs. Notary Public.
l, the undersigned Deputy Recorder of Mort
,ages in and for the parish of Orleans, city Of
md foregoing act of incorporation of the "New
orleans Pacific Railway Company" was this dsy
luly recorded in my Office, according to law, in
look 11S. folios 626, 627, 628, 629, $50, 6S1 and
;32.
New Orleans, June 20, 1875.
Original signed.) G. DARCANTEL,
Deputy Recorder.
I certify the above and foregoing to be true
nd correct copy Of the original charter and GER
ificate OF recordation thereof, now extant in my
current register.
In faith, whereof, I grant these presents under
oy hand and the impress of my official seal, this
d day Of July, A. D. 1875.
]. G. EUSTIS, Notary Public.
jy6 rs Carondelet street.
Mrs. H. +. Elliott,
ARTIST