The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-25
CHARTER.


company shall restore the same to lis FORMER
state, or to such state that its usefulness ahu
CONVENIENCE TO the public shall rot be unneces-
ssrily 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 navigabe by enrolled ana H.
censed vessels, and when required by law.
Seventh-To obtain, by grant or Otherwise
from any parish, city village within tins Sta!e,
any rights, privileges or franchises that any OF
said parishes, cities or villages, may choose 10
grant in reference to the constructor, mamie.
nance management and use o 1.-THE railroads OF
said company, irs depots, cars, locomotives anu
its business, within the limits Of such or any or
said parishes, cities and Villages.
Elghth-To appropriate property according 10
existing laws.
Ninth-To cross, intercept, Join and unite lts
railways, and prorate with any other railroad
heretofore or hereafter constructed III the otatt
Of Louisiana, any other State, at any point
upon its route and upon the ground OF sucH
other railroad, with the necessary turn-outs,
eidings, switches and other conveyances, Id
furtherance of the objects of its connections
Tenth-To purchase or lease from any railroad
company or corporation, at any authorized SAFE,
any railroad. and the charter, franchises, prop
erty and appurtenances thereof, and MAINTAIN
and use the same a part OF the properly VI
this COMPANY.
Eleventh-To borrow money or to purchase or
lease property on its own credit, Tor the purpose
of constructing and maintaining said railroads OF
establishing continuous and connecting INES az
hereinbefore provided; and as evidence OF the ln-
debtedness OF said company for such loans, OF
the purchase or lease OF such properly, 10 issue
Its corporate bonds or promlssory notes, pea lnS
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 ana
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 ahd,
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 III Board OF Directors COM
posed of fifteen stockholders to be elected ID
accordance with the bylaws of the Company
and such officers and agents as may from time 10
time be appointed by such board. No person
shall be director who is not the actual owner OF
at least ten (1O) 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 deatn;
resignation or otherwise. The directors shaii
elect one of their number as President OF sal0
Company, another Vice President, and announcer
Treasurer, and shall have power to make ana
prescribe such bylaws and rules and regulations,
and from time to time alter, amend ano revoke
the same as they shall see tit touching the govern
ment of said Company, the transfer OF Its STOCK;
disposition of its business property and effects,
the powers and conduct OF its officers and agents,
ana all other matters which shall in any way per-
tain to the concern of the Company.
SEC. 2. All election for directors shall De py
ballot, and every stakeholder shall be entitled
to one vote in person or by proxy for each shste
of stock held by him for ninety days prior to
such election.
SEC. g. Seven Of the directors shall constitute
quorum for the transaction OF business, and
directors
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.
STOCKHOLDERS MEETINGS.. .-
SEC. 1. Stockholders meetings may be called
at any time by the Board of Directors, and on the
reuuisition of the holders OF one-ifth 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
a 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
toDS
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 meet ng. 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 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 as such,
together with the said appearers and me, said
notary, on the day, month and year herein first
written, after reading the whole.
(Originsl Signed) G. w. K. BAYLEY,
"A. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HU. KENNEDY,
DAVID WALLACE,
b. WHEELOCK,
E, L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSoEY,
JOHN pH sEY +; q Co.
W.B. SCHMIDT,
SAML H. KENNEDY,
A. J. ARMSTRONG,
JOHN W. HUNTER,
]. G. EUSTIS. Notary Public.
l, the undersigned Deputy Recorder of Mort.
cages in and for the parish of Orleans, city CT
New Orleans, do hereby certify that the abovds
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 118, folios GIG, 627, 628, 629, $50, 63l and
632.
New Orleans, June 20, 1875.
Original signed.) 9. DARCANTEL,
Deputy Recorder.
certify the above and foregoic g to be a true
and correct copy OF the original charter and Ger
tificate of recordation thereof, now extant in my
current register.
In faith, whereof, grant these presents under
my hand and the impress Of my official seal, thia
Sd day Of July, A. D. 1875.
J. G. EUSTIs, Notary Public.
i've 35 Carondelet street
Mrs. III. 4. Elliott,