The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-11
CHARTER.

not to impair its usefulness to the public unnet
essarlly; or If temporarily impaired in and durin
the construction Of the said railroads. the sal
: company shall restore the same to its forme
state, or to such state that it's usefulness an
, CONVENIENCE to the public shall not be unneces
sarlly impaired or injured, and the said compan
: shall not be required to construct draw in an
, bridge over and across any stream or bayou
except streams navigable by enrolled and Ii
censed vessels, and when required by law.
Seventh-Io obtain. by grant or otherwise
from any parish, city or village within this State
any rights, privileges or franchises that any O
said parishes, cities or villages, may choose tt
grant In reference to the construction, maiute
nance management and o the railroads o
said company, 8 depots, cars, locomotives ant
its business, within the limits of such or any O
said parishes, cities and villages.
EiRhth-To appropriate property according t.
existing laws.
Ninth-To cross, intercept, join and unite it
railways, and prorate with any other railroad
heretofore or hereafter constructed in the Stat.
OF Louisiana, or any other State, at any poin
upon its route and upon the ground of suct
other railroad, with the necessary turn-outs
| sldings, switches and other conveyances, il
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 aud appurtenances thereof, and maintain
and use the same as a part of the property Of
this COMPANY.
| Eleventh-To borrow money or to purchase OF
lease property on its own credit, for the purpose
OF constructing and maintaining said railroads OF
Establishing continuous and connecting lines as
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 prOmlssory notes, bea ing
interest at such rate per annum as the directory
may elect, and made payable i'll gold or the law
full money OF the United States at such times and
places may be deemed most to the advantage
of the corpo; a ions. and for securing the pay
ment OF said bonds or notes, to mortgage and
pledge its railroads, its capital stock, its corpor-
ate franchises and any OF its real or personal
property, or any portion of the same.
ARTICLE ".
BOARD OF DIRECTORS.
SEC. 1. The corporate powers of this Compa.
ny shall be vested III 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 Q0) 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 it's officers, the management and
disposition of its business, property and effects,
the powers and conduct Of it's officers and agents,
anu 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 emit led
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
a quorum for the transaction of business, and
the number OF directors may be increased or
by ma jority 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. /. Stockholders meetings may be c. lied |
It any time by the Board Of Directors and on the
equisition of the holders Of one-ffth of the |
capital stock issued it shall be their duty to call
uch meetings for the purpose OF amending this |
Iharter 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.
SEC. 2. The annual meeting of the stockholders |
or the election of directors and transaction of |
he regular business shall be held on the second |
Wednesday i'll January Of each year.
ARTICLE VI.
LIQUIDATION.
This corporation may be dissolved at general
1eeting convened for that purpose with the as
ent OF three-fOulths OF the stock of the COM
any and two thirds of the stock represented at
UGH meeting, and in case OF such dissolution
he liquidation shall be conducted by three COM
lissioners elected by ballot at such meet n.y. At
ne termination Of this Charter, the liquidation
hall be conducted by similar board of three
to be IN the same way elected at
general meeting of stockholders convened for
le purpose.
Thus done and passed, at nay Office, in the
resence of Andrew J. Armstrong and John W.
unter, lawful witnesses residing in this city,
no have hereunto signed their names a. such. |
'gether with the said appearers and me- said |
otary, on the day, month and year herein first ,
ritten, after reading the whole.
(Originsl Signedl G. W. R. BAYLEY,
J. a. GIRDNER, q
GEO. JONAS,
JULIUS WEIS,
HUI. KENNEDY,
DAVID WALLACE, a
=. B. WHEELOCK, q
Z. L. RANLETT, !;
JOHN H. KENNARD,
CYRUS BUScEY, r
JOHN PHELPS Hf p: q ''o q
W. B: SCHMIDT
SAM'L II. KENNEDY,
A. J. ARMSTRONG, r
JOHN W. HUNTER, D
J. G. EITSTIS Notary Public.
|, the undersigned Deputy Recorder of Mort p
ges in and for the parish of Orleans, city of
w Orleans, do hereby certify that The above g.
d foregoing act of incorporation of the sNew :,
leans Pacific Railway Company" was this day
ly recorded in my office, according to law, in o.
ok 11S. folios 626, 627, 62S, 629, $50, 6s1 and b
lew Orleans, June 20, 1875. "
Original signed.) G. DARCANTELI, p
Deputy Recorder.
certify the above and foregoi g to be true
correct copy Of the original charter and GER
cate of recordation thereof, now extant in my =,
rent register. r.
n iaith whereof, grant these presents under
hand and the impress of my official seal, this cl
day Of July, A. D. 1875. ~
J. G. EUSTIS, Notary Public. %
rs IS Carondelet street. 10
Mrs. III. T. Elliott,