The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-22

CHARTER.

company shall restore the same to it's forme
state, or to sucha state that it's usefulness an,
CONVENIENCE to the public shall not be unneces
sariy 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-To 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, mainte
nance management and use 1.-THE railroads O
said company, its depots, cars, locomotives ant
its business, within the limits of such or any O
said parishes. cities and villages.
Eighth To appropriate property according t.
existing laws.
Ninth-To cross, intercept, join and unite il
railways, and prorate with any other railroad
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 such
other railroad, with the necessary tnrn-outs
| sidings, switches and other conveyances, II
| 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 oil
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 az
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
it's corporate bonds or promissOry notes, bea ing
interest at such rate per snnum as the directory
may 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 corpof atoms, and for securing the pay.
ment of said bonds or notes, to mortgage and
pledge its railroads, it's capital stock its corpor
ate franchises and any of its real or personal
property, or any portion Of the same.
ARTICLE ~.
BOARD OF DIRECTORS.
SEQ I. The corporate powers Of this Compa.
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 beard. mo person
shall be director who is 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 ana revoke
the same az they shall see fit touching the govern
tba alact;nn If it, nfcers The a,o IA
nosition Of ;ts business nronertv nd afFe "
the noyars and condnc+ Of ~ oti;oa: a,a ol.o',t'
ana all other matters which shall in any way per-
SEC o All eIaction for diractors sbor bo bv
ballot and aveTv stoctbo,dar Sho1i he o,t;,,aSS
to one vote in person or by nroxv for each shsr
Of stock held nv him for p;naIv dovs nr;or 10
such election.
a. nnornm for She transaction Of hns;na.s and
The nnmher If d;rac.nrs ,a y h. a1r
diminished hv a maioritv vote ~ StocLhoIders IN
interest at any regular meeting. provided the nnm.
her sha1i not he laas than savan nav roora thor
fftean - --O-o ''-''-'
ARTTcrRv
sfocAHoADEhs MEETINGS.
SEo. ?. Stockholders, meetinps NAV he c<,,ea
at any time by the Board of Directors and m the
rennisition III the holders nf ona.ffth If The
capital stock issued II shall he their duty to cali
such meetings for the nnrnose Of amend;;pc fh;s
Charter and consdarotfon ~ snd ac+;o- NV Ill II
other business of the COMPANY. and ali onestions
arisine At sucb meetnes shaiI he determ;ned hS
a majority Of the stock there present and voting
e. es s " 2ssa2: FL r.
the raoular bnsiness shalI he held On the SECOND
Wednesday in January of each year.
~
ARTICLE VI.
LIQUIDATION.
This corporation NAV he dissolvad at a GENERA,
aatn u ouo',o yor 20 ,sso .; sIneas
aant Of ~ tha afpes ~ H. ~" a
nanv and two thirds of the stock represented A.
incl meat;no and in case or s,ch d;ssnirt;sn
IHe ;;aniS shs he condoct e Nv threo corn
no;ssidnars elected hv ballot a. smcb meot'no A.
he tor,o;n.t;o,, ~ tI;s ,absrtar ut ~
. .he,I hn nonduc,ed nv s1ea, inc .ra ~ th
,ommissioners tn he IN the sama wav a,ec,ad o.
aanarai raeat;no ~ s+ocSho,dors ""y od e,
he purpose SEES '''A01 4o'
Tb"s Jone and nuseod a. nav oes.. i, Tho
,rasence Of andrew A,mstron and io i, w w
Lawful Witnessed ras;d;noo IN tb;s c;tv |
vho have herenntn s;anea tss;r .es nls ra
onothar u;th The ssa LA , "s Ia
'ossrv on the dav month and vsar hara;n t S1
r,;+t:y, aftar ras5irn the vhnio s0"1 nfe'
sOr;o;nai S,nrod,e w pAvTrv
GEO. JONAS,
F. +. p T. RaNIETT