The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-08
CHARTER.

company shall restore the same to its former
stats, or to such state that its usefulness and
CONVENIENCE to the public shall not be unneces-
sary impaired or injured, and the sald company
shall not be required to construct a draw in any
hridge over and across any stream or bayou.
except streams nayigable by enrolled and liz
censed vessels, and when required by law.
| Seyenth--To obtain, by grant or Otherwise
from any parish. city or village within this State.
anv rights, privileges or franchises that any OF
said parishes, cities or villages, may choose to
grant in reference to the constructlon, mamie.
| nance management and use o 1.-THE railroads oE
| said company lis depOts, cars, locomotives AND
| its business, within the limits OF such or any OF
said parishes cities and villa gee. ou,;n.o
Ei.hth-To appropriate property according &C.
| existing laws.
Ninth-To cross, intercept join and unite its,
| railways. and prorate with any other ,SalroacH
her etofore hereafter constructed IN the Stak'
| of Louisiana, or any other State, at any pOlnst
upon it's route ard upon the ground OF such
other railroad, with the necessary tnrn-outss.
| sidings, switches and other conveyances, In
furtherance OF the objects of it's connections.
Tenth-TO purchase or lease from any railroad
company or corporation, at any authorized sales
any railroad and the charter, franchises, prop
erty and appurtenances thereof, and maintain
| and use the same as part OF the property OF
| Eleyenth-To borrow money or to purchase or
lease property its own credit, for the purpose
| of constructing and maintaining said railroads OF
establishing continuous and connecting hnes as
hereinbefore provided; and as evidence of the In
debtedness of said company for such loans, OF
the purchase or lease OF such property, to issue
it's corporate bonds or promissory notes, bearing
interest at such rate per annum as the directory
NAV elect and made payable in gold or tue law
full money of the United States at such times and
I 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, its 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.
Sec. !. The corporate powers Of this Comps
nv shall be vested in Board OF Directors COM
posed of fifteen stockholders to be elected il
accordance with the bylaws OF the Company
and such officers and agents as may from tins 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 arc
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 maxi and
prescribe such bylaws and rules and regulations,
and from time to time alter, amend ano revoke
the same they shall see tit 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,
ana all other matters which shall in any way per.
tain to the concern Of the Company.
SEC 2. All election for directors shall be by
ballot and every stakeholder shall be entitled
to vote in person or by proxy for each share
Of stock held by him for ninety days prior te.
such election.
SEC. g. Seven of tho directors shall constitute,
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 regular meeting, provided the num-
Der shall not be less than seven nor more thar
fifteen.
ARTICLE v.
STOCKHOLDERS MEETINGS..
SEC. 1. Stockholders meetings may be called
at any time by the Board of Directors and on the,
reqlisition 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 AZ
other business of the company, and all questions
arising at such meetings shall be determining by
a majority OF the stock there present and ysn !,
SEC. 2. The annual meeting of the stochloA. 70.
FOR the election OF directors and transaction Of
the regular business ehal be held on the second
Wednesday in January of each year.
ARTICLE VI.
LIQUIDATION.
This corporation may be dissolved at a general
meeting convened for that purpose with the as
sent OF three-fourths OF the stock of the COM
pany and two thirds Of the stock represented az
such meeting, and in case OF such dissolution
the liquidation shall be conducted by three COM
elected by ballot at such meetn g. As
the termination Of this Charter, the liquidation,
shall be conducted by similar board of three
to be in the same way elected at
3 general meeting of stockholders convened for
the purpose.
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, said
OI1tb a dovi
Written, after reading the whole.
(Originsl Sigued) G. w. r. BAYLEY.
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEIS.
HU. KENNEDY
DAVID WALLACE,
J.. B. WHEELOcK,
E. L. RANLETT,
JOHN Il. KENNARD,.
CYRUS BUSsEY,
JOHN PHELPS iET p: y o''
W. B. SCHMIDT,
SAM'L II. KENNEDY,
A. ]. ARMSTRONG,
JOHN W. HUNTER,
J. G.. EUSTIS. Notary Public.
l, the undersigned Deputy Recorder OF MorA
ages IN and for the parish of Orleans, city o.
lew Orleans, do hereby certify that the abov,,
no foregoing act Of incorporation of the s'New
'rIeans Pacific Railway Company was this day
uly recorded in my Office, according to law, IL
80. 80 Wv W. "AS
New Orleans, June 49, 1875.
Original signed.) G. DARCANTEL
Deputy Recorder.
certify the above and foregoing to be truaz
"a correct copy. OF the original charter and cez-
lrrent register.
In faith whereof, grant these presents under
y hand and the impress of my official seal, thiss
day of July, A. d. 1875.
J. q. EUsTIs, Notary Public.
jy6 IS Carondelet street-
Mrs. II. 4. Elliott.
ARTIST