The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-29
CHARTER.


essarily or if temporarily impaired in and during
the construction of the said railroads, the said
company shall restore the same to its former
| state, or to such state that it's usefulness and
CONVENIENCE to the public shall not be unneces-
sarily impaired or injured, and the said company
| shall not be required to construct draw IN any
bridge over and across any stream or bayou,
except streams navigable by enrolled and IL
| censed vessels, and when required by law.
Seventh--To obtain, by grant or otherwise,
from any parish, city village within this State,
any rights, privileges franchises that any Of
said parishes, cities or villages, may choose to
grant III reference to the construction, mainte-
nance managemensSand use the railroads of
said company, depots, cars, locomotives and
Its business, within the limits Of such or any of
said parishes, cities and villages.
Eiehth-To appropriate property according to
existing laws.
Nmth-To cross, intercept, Join and unite its
railways, and prorate with any other railroad
heretofore or hereafter constructed in the State
of Louisiana, or any other State, at any point
upon its route and upon the ground of such
other railroad, with the necessary tnrn-outs
sldings, 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, aud maintain
and use the same as part OF the property OF
this COMPANY.
lease property OH its own credit, for the purpose
Of constructing and maintaining said railroads or
establishing continuous and connecting zines as
hereDbefOre 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 promlssOry 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
nf tba for
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. l. The corporate powers of this Compa
ny shall be vested in a Board of Directors COM
posed of fifteen stockholders to be elected in
accordance with the bylaws of the Company,
time be appointed by such board. No person
shall be adirector who is not the actual owner of
1T 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
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 it's officers, the management and
disposition OF Its business, property and effects,
the powers and conduct of its officers and agents,
and all other matters which shall il any way per-
tam to the concern Of the Company.
SEC. 2. ALI election for directors shall be by
ballot, and every stakeholder shall be entitled
to one vote in person or by proxytor each share
of ia tn
such election.
SEC. 3. Seven of the directors shall constitute
a quorum for the transaction OF business, and
the number OF directors may BIO 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 than
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
SEQ. 1. Stockholders meetings may be called
at any time by the Board Of Directors and on the
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 all
other business Of the company, and all questions
arising at such meetings shall be determined by
majority OF the stock there present and voting.
SEC. 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 as
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
a general meeting Of stockholders convened for
the purpose
Thus done and passed. at my Office, in the
presence of Andrew J. Armstrong and John w.
Hunter, lawful witnesses residing in this city,
who have hereunto signed their names a, such,
together with the said appearers and me, said
notary, on the day, ,nonth and year herein first
written. after reading the whole
(Originsl Sigaed) G. w. X. BAYLEY,
J. A. GIRDNER, 4
GEO. JONAS,
JULIUS WEBS,
HU. KENNEDY,
DAVID WALLACE,
i. B. WHEELOCK,
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSoEY,
JOHN PHE PEI '''
W. B. SCHMIDT,
SAML Fl. KENNEDY,
j. ARMSTRONG,
JOHN W. HUNTER,
J. G. EJISTIS. Notary Public.
l, the undersigned Deputy Recorder Of Mort
cages in and for the parish of Orleans, city of
New Orleans, do hereby certify that the above
and foregoing act Of incorporation of the New
Orleans Pacific Railway Company" was this day
July recorded in my Office, according to law, in
book 11S, foios GIG, 627, 628, 629, $50, 63l and
532.
New Orleans, June 20, 1875.
Original signed.) G. DARCANTEI,
Deputy Recorder.
certify the above and foregoi to be d true
and correct copy of the original charter and GER
ficate of recordation thereof, now extant in my
current register.
In faith, whereof, grant these presents under
NY hand and the impress Of my official seal, this
Sd day of July, A. D. 1875.
J. G. EUSTIS Notary Public.
i've IS Carondeet street.
Mrs. II. 4. Elliott,