The New Orleans bulletin., 1876-02-23
CHARTER.


ssr;iv impsired or injured, and the said company
shali not be required to construct draw IN any
bridge over and across any stream Or Dayou,
; except streams navigable BY enroued ana u
censed vessels, and when required by law.
Seventh-To obtain, BY grant or otherwise,
from any parish, city or village within this State.
any riehts. privileges or franchises that any OF
said parishes, cities or villages. may choose 70
grant in reference to the construction, mainte.
nance management and use 1.-THE railroads OF
said company, depots, cars, locomotives ana
its business. within the limits of such or any OF
said parishes. cities and villages.
Eighth-.To appropriate property according TO
existing laws.
Nins6-To cross, intercept, Join and unite its
| railways, and prorate with any other rai1oad
heretofore or hereafter constructed IN the state
of Louisiana, or any other State, st any point
upon it's route and upon the ground OF such
other railroad, with the necessary tnrn-outs,
| sidings, switches and other conveyances, 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 ~
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.
| full money of the United States at such times and
places as may be deemed most to the advantage
Of the corpora ions, 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. /. Tho corporate powers Of this Oompae
posed Of fifteen stockholders to be elected in
accordance with the bylaws Of the Company,
| and such officers and agents az may nom time to
time be appointed by such board. No person
shall be director who is not the actual owner Of
at least ten (lO) 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 they shall see tit touching the govern
ment Of said Company, the transfer Of its stock,
the election Of its officers, the management and
the powers and conduct Of it's officers and agents.
AMI all other matters which shall in any way per-
tain to the concern Of tie Company.
SEC. 2. All election for directors shall be by
ballot, and every stockholder shall be entitled
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
the number Of directors may be increased or
diminished by majority vote Of stockholders in
interest at any regular meeting, provided the NUM-
ber shall not be less than seven nor more than
fifteen.
STOCKHOLDERS MEETINGS.
SEC. /. Stockholders' meetings may be c&lled
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
q majority Of the stock there present and voting.
EEC. 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 A.
sent of three-fourths Of the stock of the COM
pany and two thirds Of the stock represented at
such meeting. and in case OF such dissolution
the liquidation shall be conducted by three COM
missioners elected by ballot at such meeting. At
the termination Of this Charter. the liquidation
shall be conducted by similar board of three
commissioners, to be in the same way elected at
general meeting Of stockholders convened for
the purpose
Thus done and pNssed. at my Office, in the
presence OF Andrew ]. Armstrong and John W.
Hunter, lawful witnesses residing in this city,
who have hereunto signed their names ~ such,
together with il the said tappeerers and me, said
written, after reading the whole.
(Originsl Signed) G. W. r. BAYLEY.
IA. GIRDNER,
GEO. JONAS
JULIUS WRIH,
HU. KENNEDY,
DAVID WALLACE.
E.B. WHEELOCK,
E. L. RANLETT.
JOHN II. KENNARD.
CYRUS BUSsEY,
JOHN pas{kFs. III + . d''
W.B. SCHMIDT,
SAML 81. KENNEDY.
"A. J. ARMSTRONG,
JOHN W. HUNTER,
J. G. EUSTIS. Notary Public.
l, the undersigned Deputy Recorder Of Mort
cages in and for the parieh Of Orleans, city Of
New Orleans, do hereby certify that the above
and foregoing act Of incorporation of the s'New
Orleans Pacific Railway Company" was this day
duly recorded in my Office, according to law. in
632.
New Orleans, June 20, 1875.
torignal slgned.) @. DARCANTEIs
Deputy Recorder.
Icertify the above and foregoisg e to be q true
ana correct copy Of the original charter and Ger
tticate OF recordation thereof, now extant in my
current register.
In faith, whereof, grant these 1resents under
my hand and the impress of my Official seal. this
Sd day Of July, A. D. 1875.
]. G. EUSTIS, Notary Public.
jy6 rs Carondelet street,
Mrs. Fl. r. ElIS0tgs
.A@T1a:tss
M:f n h,ANin .nann ..mA