The New Orleans bulletin., 1876-02-22
CHARTER.

CHARTER.
not TO impair it's usefulness to the public unneo-
essarily; or il temporarily impaired in and during
the construction OF the said railroads., the sai6
n company shall restore the same TO it's former
y state, to such state that its usefulness and
- CONVENIENCE to the public shall not be unneces-
sariy impaired or injured, and the said company
J., shall not be required to construct draw in any
!. bridge over and across any stream or bayou.
i- except streams navigable by enrolled and H.
!. censed vessels, and when required by law.
4 Seventh-To obtain. by grant or otherwise,
from any parish, city or village within this State
any rights, privileges or franchises that any OF
j said parishes, cities or villages may CHOOSE -
grant IN reference to the construction, maintee
: nance management and use tthe railroads Of
said company, i's depots, cars, locomotives and
kits business, within the limits of such or any Of
. said parishes cities and villa ges.
EighthITc expgopriate property according tce
= Ninsh-To cposs intercept, Soin ana unite ite
RAILWAYS and prorate with any other railroad
OF Louisiana, OF amy other State, at any point
upon its route and upsn the ground OF suca9
other gailroad, with the necessary tnrn-outao
sidingse switches and othes conveyancese In
Ifurtherance & the objects of it's connections
Tenth-TO purchase or lease FROM any railroad
company or corporations aa any authorized sale.
1any railroade and The charteB, franchises, propo
erty and appurtenances thereof, and maintain
| ~-~-~ 70 60 70
Eleventh. Tobosrow money OF g purchase orc
lease property on lbs own credit gop the purpose
OF constructing and maintaining said railroads ore
\ establishing continuous and connecting lines ase
hereinbefors provided; and as evidence Of The inc
debtedness 81 said company TOR such loans, .oxp
the purchase or lease " such property to issuee
fts corporate bonds or promissory Iotes, bea ms:
interest at such rate per auncm ssthe directory o
may elect and made payable in gold or the lawsp
fnl money Of the United States at such times an6
A,I kzk
Of the corpora ionss and for securing the paye
ment Of said bonds or notes. TO mortgage and
pledge its railroads. ats capital stock its corpOre
ate franchises and any Of its yeal oy personaS
propeytSs oy any Yortion OF the samee
&RT1CIE IT.
9oARD Og DIRECToRSe
SEQ. Z. oThe corporate powers Of this Compse
posed Of fifteen stockholders TO beoelected irs
accordance WITH the byelaws Of the Company
and such officers and agents as may from time TO-
time DE appointed by such board. No person
at lease ten 10) shares OF the capital stock OF
said CompSnye Directors shall be elected an
nually, and continue in Office 0ntl 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 aiSii,
prescribe such bylaws and rules and regulations,
and from time to time alter, amend aH0 revoke
the same ae they shall see fit touching the govern
ment of said Company, the transfer Of it's stock,
the election Of its officers, the management and
disposition of it's business property and effects.
the powers and Conduct ofits officers and agents,
ana all other matters which shall in any way per-
tain to the concern Of the Company.
Sec g. All election for directors shall be by
ballot, and every stockholder shall be entitled
to one vote in person oreby proxy for each ehare.
Of stock held by him for ninety days prior t..
Sec. 8. Seven Of the directors shall constitute
. quorum for the transaction Of business, and
the number Of directors may be increased or 1,
diminished by majority vote ofe stockholders i0.
interest at any regular meeting eprovided the num-
ber shall not be less than seven nor more than
fifteen.
ARTICLE Y.
eToCKHoLDERs' MEETINGS..
SEQ 7. Stockholders' meetings may be called
1t any time by the Board Of Directors, and on the.
fequisition 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 consid of and action upon an
'ther business of the company, and all questions
majority Of the stock there present ind voting.
EEC. ,. The annual meeting of the stockholdefes
or the election of directors and transaction OF"
he regular business shall be held on the second
Wednesday jp January Of each yeare
ARTICLE W.
. LIQUIDATION
This corporation may be dissolved at . general
Meeting convened fdr that purpose with the as-e
ent of three-fourths Of the stock of the COM
amy and two thirds Of the stock represented a.
uch meetin9s and in case OF such dissolution
ne liquidation shall be conducted by three com
aiss1oners elected by ballot at such meet n9 At
he !, termination Of this Charter. the iquidation
hall be conducted by similar board Of three.
to be in che same way elected at
general meeting df stockholders convened for
be purpose.
Thus done dnd passed, at my Office, in thao
resence OF Andrew , Armstrong and John W.
no have hereunto signed their names as such
'gether with the said appearefs and me, saiA
otary, on the day, month and year herein ffree
ritten, after reading the whole.
tOylRipa Signedl g. w. B. BAYLEYa
j. A. GIRDNER,
GEO. JONAS,
JULIUS WRIN,
HU. KENNEDY.
DAVID WALLACE.
3. B. WHEELOCKa
.. L. RANLETT,
John b. KENNARDsx
CYRUS BUSoEY,
JOHN pHELPss
w.B SCHMIDT,
BAM,L Fl. KENNEDY
&. J. ARMSTRONG;
. - r.,r,.,. JOHN W. HUNTER,
the undersigned Deputy Recorder Of Ao12o
ges IN and for the parish Of Orleans, city o8-
Nv Orleans, do hereby certify that the Above,
d fofegoing act Of incorporation Of the s.New
leans Racitic Railway Company" was this dar-
~ recorded in my Office, according to.lav In
Ok 49, todos Ss6, S27. s2s, s2s, $50, 6s1 sps
New Orleans. June 2s, 1875.
loriginas sigaed.l o. DARoANTEl
Deputy Recore1ar.