The New Orleans bulletin., 1876-03-14
CHARTER.

CONVENIENCE to the public shall not be unneces-
sarily impaired or injured, and tho said company
shall not be required to construct draw 10 any
bridge over and across any stream or bayou,
except streams navigAlla by enrolled and i-
censed vessels, and when required by law.
seventh-To obtain. by Grant Or Otherwise t! ~.
from any parish, city or village within this State,
any rights, privileges or franchises that any Of
said parishes, cities or villages, may choose to
grant in reference to the construction, mainte-
nance management and use the railroads OF
said company, lis aepots, cars, locomotives and
its business, w..siin the limits of such or any OF
said parishes cities and villages.
EiRhth.-To appropriate property according to
existing laws.
Ninth-To cross, intercept, Join aud unite it's
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 euch
other railroad, with the necessary tnrn-outs,
sldings, switches and other conveyAncee, 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 the charter. franchises prop
erty and appurtenances thereof, and maintain
and use the same as part OF the property OF
this COMPANY.
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, or
the purchase or lease OF such property, to issue
its corporate bonds or promissory notes, bea ing
interest at such rate per annum as the directory
may elect, and made payable in gold or the law
f1l money of the United States at such times and
places as may be deemed most to the advantage
OF the corpOy a ions, and for securing the pay
ment OF said bonds or notes, to mortgage and
pledge it's railroads, it's 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. l. The 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
time be appointed by such board. No person
shall be director who is not the actual owner of
at least ten (10) shares of the capital stock Of
said CompSny. 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 as they shall fit touching the govern
ment Of said Company, the transfer Of its stock,
the election of it's officers, the management and
disposition of its 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 stockholder shall be entitled
to one vote ip 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
diminished by majority vote Of stockholders in
interest at any regularmeeting, provided the num-
Der shall not be less than seven nor more than
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS..
SEQ. 1. Stockholders meetings may be called
at any time by the Board Of Directors, and on the
requisition Of the holders OF one-ffth 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
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
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 general
meeting convened for that purpose with the ~
pany and two thirds Of the stock represented st
such meeting, and in case OF such dissolution
the liquidation shall be conducted by three COM
missioners elected by ballot at such meet ng. At
the termination Of this Charter, the liquidation
shall be conducted by similar board OF three
commissioners, to be in the SHINE way elected at
q general meeting OF stockholders convened for
the purpose.
Thus done and passed, at nay. Office, in tho
presence of Andrew J. Armstrong and John w.
ufar 1oW Uitn in MT
who have hereuntO signed their names ~ such,
together with the said appearers and me, said
notary, on the day, month and year herein fret
written after reading the whole.
ia. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HU. KENNEDY,
DAVID WALLACE,
E.B. WHEELOCK,
e. L. RANLETT,
JOHN Il. KENNARD,
CYRUS BUSsEY,
JOHN raaREts. III X : CD
W.B SCHMIDT,
SAML Fl. KENNEDY.
Al. ARMSTRONG. -
JOHN W.HUNTER.
J. G. EUSTIS. Notary Public: -.
l, the undersigned Deputy Recorder Of Mort.
cages in and for the parish of Orleans, city o.
New Orleans, do hereby certify that the above
and foregoing act Of incorporatiop of the s'New
Orleans Pacific Railway Company was this day
book 11s, foios 626, 627, 62s, 629, $50, .6s1 and
632.
New Orleans, June %, 1875.
Original signed.) @. DARCANTE1s
Deputy Recorder.
certify the above and foregoing to be true
and correct copy Of the original charter and GER
tifcate of recordation thereof, now extant in my
current register.
In faith, whereof, grant these presents under
Sd day Of July, A. D. 1875.
J.G. EUSTIS, Notary Public.
iy6 rs Oarondelet street.
Mrs. II. 4. Elliott.
ART1aTs