The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-12
CHARTER.

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 in ured, 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 or franchises that any OF
said parishes, cities or villages, may choose to
| grant i'll reference to the construction, mantle
nance management and use the railroads OF
SAID company, depots, cars, locomotives and
! its business, within the limits of such or any OF
| saiu parishes, cities and Villages.
Elshth-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 III the State
! OF Louisiana or any other State, at any point
upon Its route and upon the ground OF tuch
other railroad, with the necessary turn-Outs,
sldnSs, switches and other conveyances, in
furtheranee OF the objects of its connections.
Ienth-Io purchase or lease from any railroad
company or corporation, at any authorized sale.
any railroad, and the charter franchises, prop
erty aud appurtenances thereof aud maintain
ana use the same as part of the property OF
this company.
EIeventh-To borrow money or to purchase or
lease property on its own c,edit, 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
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
of the corpora ions. and for securing the pay
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 1. 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,
and such officers and agents as may from time to
time be appointed by such board. No person
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 di ectors 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 as they shall see fit touching the govern
ment of said Company, the transfer of its stock.
the election of it's officers, the management and
ClSpOSllOl OF 1l6 business, properly ana eHoCtS.
the powers and conduct of its officers and agents.
anu all other matters which shall in any way per-
tain to the concern Of the Company.
Sec. g. All election for directors shall be by
ballot, and every stakeholder shall be emit led
to one vote in person or by proxy for each share
Of stock held by him for ninety days prior to
such election.
SEC. 3. Seven of the directors shall constitute
quorum for the transaction of business, and
The number of directors may be increased or
by a 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.
eEc. 1. Stockholders meetings may be called
It any time by the Board of Directors, and on the
equlstlon of the holders OF One-ffth of the
apital stock issued it shall be their duty to call
uch meetings for the purpose Of amending TIN
Charter and consideration of and action upon all
'ther business OF the company, and all questions
rising at such meetings shall be determined bv
majority OF the stock there present and voting.
Sec. z The annual meeting of the stockholders
or the election OF directors and transaction Of
he regular business shall be held on the second
in January of each year.
ARTICLE vi.
LIQUIDATION.
This corporation may be dissolved at general
Meeting convened for that purpose with the as
any and two thirds of the stock represented at
UGH meeting, and in OF such dissolution
be liquidation shall be conducted by three COM
aissiOners elected by ballot at such meet ng. At
he termination of this Charter, the Liquidation
hall be conducted by similar board of three
commissioners, to be in the same way elected at
general meeting Of stockholders convened for
he purpose.
Thus done and passed, at nay Office, in the
resence of Andrew J. Armstrong and John w,
lunter, lawful witnesses residing in this CITY.
no have hereunto signed their names a, such.
'gether with the said appearers and me, said
otary, on the day, month and year herein first
rtten, after reading the whole.
(OriginSl Signed G. W. r. BAYLEY,
ia. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HU KENNEDY.
DAVID WALLACE,
j.. B. WHEELOCK.
E. L. RaNLETT,
JOHN Fl. KENNARD,
CYRUS BUSsEY,
JOHN PHELPS,
w. 3. SCHMIDT,
SAMII H. KENNEDY.
A. J. ARMSTRONG.
JOHN W. HUNTER.
J. G. EISTIs. Notary Public.
l, the undersigned Deputy Recorder OF Mort
ges in and for the parish Of Orleans, city of
Nv Orleans, do hereby certify that The above
u !, ioieSoiuS acG Oh incorporation or the New
leans Pacific Railway Company" was this day
ly recorded in my Office, according to law. in
ok 11S, foios GIG, CIT, 62s, 629, $50, 631 and
:.
New Orleans, June %, 1876.
Original signed.) C. DARCANTEL.
Deputy Recorder.
certify the above and foregoi g to be true
d correct copy of the original charter and Ger
cate OF recordation thereof, now extant in my
trent register.
n faith, whereof, grant these presents under
hand and the impress of NV official seal. this
day OF July, A. D. 1875.
]. G. EUSTIS, Notary Public
Vi 35 Carondelet street.
Mrs. III. +. Elliott,