New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-02-22

said company may from time to time deen
proper and expedient, and for the interes
| Of said company to own and to use an
lease, and they shall not be restricted il
the exercise of this privilege to the State Q
Louisiana, but may connect their main lin
with any other line or lines in other State
which shall authorize the exercise OF sal
privilege within their limits; and the sal,
company shall have q right 10 ESTABLISH
and maintain in the city of New Orlean
proper freight and passenger depots. snt
to connect them by tracks and ferries will
the left bank Of the Mississippi river at sucl
point or points as NAV be deemed mos
convenient for the public interest, and t.
use in such ferries, steamboats, and othel
vessels, and for the purpose Of such depots
tracks and ferries, may acquire property by
appropriation.
Third-To construct. establish or pur
chase in this State. and thereafter to own
lease, maintain and use suitable wharves
piers, warehouse. yards, steamboats,, har
bOrs depOte, stations and other works anC
appurtenances connected with and inciden
tai to said railway and it's connections, and
to run. and manage the same as the direc
tors OF the said company may deem to be
most expedient and to the welfare Of said
corporation.
/
convey persons and property upon its said
railway and upon its boats, by power OF
steam, or any other power, and to receive
tor safe keeping and to store merchandise
| and property in its yards or warehouses
and to receive for such transportation, safe
keeping or storage such tolls and charges
| az may from time to time be established OK
authorized to be established by directors
of said railroad company; to make ad-
1 - ahavo
| disc or property, for charges made By other
transportation lines to be transported upon
| its rail ways, steamboats, or vessels. or to be
| stored in its yards or warehouses, TO such
| extent and upon such terms and conditions
as the directors of said company may from
| time to time establish or authorize to be e.
| tablished.
Fifth-To obtain and receive by pur-
chase, grant from the United States or
otherwise, grant, gift, devise and bequest,
both real and personal property; to have
4nd to hold such real and personal real es-
tate in this State, for the objects, purposes,
interests ana business of such company.
Sixth-To construct and maintain its said
railroads, or any part Of the same, and to
have the right of way therefor across or
along or upon any waters, water courses,
river, lake, bay, inlet, street, highway,
turnpike or canal within the State OF Louis
intersect, touch or cross; provided the said
company shall preserve any watercOurse,
street, highway, turnpike or canal which
its said railways may SO pass upon, along or
intersect, touch or cross, SO as not to i'm
pair its usefulness to the public unnecessa-
rily, or if temporarily impaired in and
during the construction of the said rail
roads, 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 unnecessarily impaired
or injured, and the said company shall not
be required to construct a draw in
any bridge over and across any stream
or bayou, except streams navigable BY
enrolled and licensed vessels, and when
required by law.
Seventh-To obtain, by grant or other.
wise, from any parish, city or village with
in the State, any rights, privileges or fran
chises that any of said parishes. cities or
villages may choose to grant in reference to
and use of the railroads Of said company,
its depots, cars, locomotives and its bust.
ness within the limits of such or any of
said parishes, cities and villages.
Eighth-To appropriate property accord |
ing TO existing laws.
Ninth-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 it's route ard upon
the ground Of such other railroad. with the
necessary turnDuts, sidings, switches and
Dther conveniences ID fnrtherance 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 char
ter, franchises property and appurtenances
thereof, and maintain and use the same as
! part of the property Of this company.
Eleventh-TO borrow money, or to pur-
chase or lease property on its own credit.
or the purpose OF constructing and main
aiming said railroad. or establishing con-
inuous and connecting lines. as herein be.
ore provided; and as evidence of the in
iebtedness OF said company for such loans.
y the purchase or lease OF such property,
o issue its corporate bonds or promissory
lotes, bearing interest at such rate per an
lum as the directory may elect and made
payable in gold or the lawful money of the
United States, at such times and places as
nay be deemed most to the advantage of
he corporations, and for securing the pay
nent of said bonds or notes to mortgage
nd pledge its railroads, its capital stock,
ts corporate franchises, and any of its real
r personal property, or any portion Of the
anne.
ARTICLE 1v.-BOARD OF DIRECTORS.
SECTION ]. The corporate powers of the
ompany shall be vested in a board of
irectors, composed Of fifteen stockholders,
0 be elected in accordance with the by
AVS OF the company, and such officers and
gents as may from time to time be ap-
ointed by such board. No person shall be
director who is not the actual owner of
t least ten shares of the capital stock of |
aid company. Directors shall be elected
nnually, aud continue in office until others |
re elected to ill their place, and shall |
ave power to I'LL vacancies in their number |
aused by death, resignation or otherwise
he directors shall elect one of their num-
er as president of said company, another
ice president aud another treasurer,
nd shall have power to make and pre-
,ribe such bylaws and rules and regula-
ons, and from time to time alter, amend |
nd revoke the same as they shall see fit
)lching the government of said company,
ne transfer of Its stock the election of
8 officers, the management and disposition
its business, property and effects, the
overs and conduct of its officers and
gents, and all other matters which shall
any way pertain to the concern OF the
,mpany.
SEC g All elections for directors shall be
? ballot, and every stakeholder shall be
ltitled to one vote in person or by proxy
r each share of stock held by him for
nety days prior to such election
SEC. g. Seven Of the directors shall con-
itute a quorum for the transaction Of
lsiness, and the number of directors may
, increased {or diminished by majority
,te of stockholders in interest at any reg
ar meeting, provided the number shall
It be less than seven nor more than tif-
en-.
ARTICLE v.-sTOCKHOLDERS' MEETINGS.
CIR ,Ia1