The New Orleans bulletin., 1876-02-26
CHARTER.

4 not 10 lmO9lf lE8 U60luIU0e9 I'd tQ6 PUBIC 00n6oD
essarily; or il 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 its usefulness and
CONVENIENCE to the public shall not be unneces-
sarily impaired or injured, and the said company
shall not be required to construct q 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 or franchises that any Of
said parishes, cities or villages. may choose to
grant in reference to the construction, malnte-
nance management and use 1.-THE railroads OF
said company, depots, cars, locomotives and
it's business, within the limits of such or any OF
said parishes. cities and villages.
Eiehth-To appropriate property according to
existing laws.
Ninth-To cross, intercept, Join and unite it's
| 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 tylrn-outs,
sidipgs, 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 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.
Eleventh-To borrow money or to purchase or
lease property on it's own credit for the purpose
OF constructing and maintaining said railroads or
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 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 time and
places as may be deemed most to the advantage
Of the corpoI q ions. and for securing the pay
ment OF said bonds or notes, to mortgage and
alr oil
ate franchises and any OF its real or personal
property, or any portion of the same.
ARTICLE ~.
BOARD OF DIRECTORS
SEQ 1. The corporate powers of this Oompa.
ny shall be vested III a Board OF Directors conn
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 (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 hectors 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 gover1
H
the election of its officers, the management and
disposition of it's business, property and effects,
The powers and conduct of its officers and agents,
ana all other matters which shall in any way pers
tain to the concern Of the 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
SEC. 8. Seven OF the directors shall constitute
q quorum for the transaction OF BUSINESS, and
the number Of directors may be- increased OF
diminished by majority vote OF stockholders in
ber shall not be less than seven nor more than
fifteen.
ARTICLE Y.
STOCKHOLDERS MEETINGS.
SEQ. I. Stockholders meetings may be cslled
at any time by the Board Of Directors and on the
requisition Of the holders oil 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
q 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 ct 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 lquidation 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 q similar board of three
commissioners, to be in the same way elected at
{. general meeting of stockholders convened for
the purpose. ;"
Thus done and passed, at nay Office. in the
pra Of An1raw T Arm md Iohv
Hunter, lawful Witnesses residing in this city,
who have hereunto signed their names as such,
together with the said appearers and me, said
written, after reading the whole
Originsl Sisnedl G. w. r. BAYLEY
J. A. GIRDNER.
GEO. JONAS,
JULIUS WEIH.
HU. KENNEDY,
DAVID WALLACE,
=. B. WHEELOCK,
2. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUS,EY,
JOHN PHELPS. aR{ p . o''
W.B. SCHMIDT,
SAM'L 81. KENNEDY,
A. J. ARMSTRONG,
JOHN w. HUNTER,
J. G. EUST1S. Notary Public.
!, 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
duly recorded in my office, according to law, in
book 110, folios 626, 627, 628, 629, $50, 6s1 and
632.
New Orleans, June 20, 1875
Original signed.) G. DARCANTEL,
Deputy Recorder.
certify the above and foregoi to be true
and correct copy of the original charter and GER
titicate of recordation thereof now extant in my
current register.
In faith, whereof, I grant these presents 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. III. 4. Elliott,