The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-30
CHARTER.

Fnot to impair its usefulness to the public unneo-
esssrily; or il temporarily impaired IN ana durms
the construction Of the said railroads, the sel0
. company shall restore the same to Its forme!
state, or to such state that It's useIumess sn0
sarily impaired or injured, ane the said company
shaIi not be required to construct 8 draw 10 any
bridge over and across any stream or Dayou..
except streams nayigable by enrolled ana u
censed vessels and when required by law.
Eeventh-To obtain, by grant or otnerw1ees.
from any parish city or village within this State,
any rights, privileges or franchises that any or
said parishes, cities or villages. may choose 70
grant in reference to the construction. mainse.
nance management and use o 1.-THE railroads OF
said company, lis depOts, cars, lOcoRotives anot
its business, within the limits Of such or any OF
said parishes. cities and villages.
Eighth-To appropriate property according TO-
existing laws.
Ninth-To cross, intercept, Join and unite ites
railways, and prOrate with any other railroaCt
heretofore or hereafter constructed In the state
| Of Louisiana. or any other State, at any po1ns
upon its route and upon the ground Of SUCH
j other railroad, with the necessary tnrn-0uts,
i sidings, switches and other conveyances, In
furtherance OF the objects Of its connections.
| Tenth-TO purchase or lease from any RAILROADS
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 q part OF the property or
| this COMPANY.
Eieventh-To borrow money or to purchase or
lease property ON its own credit, for the purpose
OF constructing and maintaining said railroads or
establishing continuous and connecting lines A.
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
ita corporate bonds or prOmlssory notes, bearing
interest at such rate per annum as the directory
may elect, and made payable IN gold or me law.
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 and
pledge it's railroads. it's capital stock, its corpor
ate franchises and any OF it's real or PERSONAL
property, or any portion OF the same.
ARTICLE ~.
BOARD OF DIRECTORS.
SEQ /. The corporate powers Of this Compa.
ny shall be vested IN Board of Directors CON-
posed of fifteen Stockholders to be elected in,
accordance with the bylaws of the Company,
| and such officers and agents 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 or
! 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
prescribe such bylaws and rules and reguA tions,
and from time to time alter, amend and Revoke
the same they shall fit touching the govern
ment Of said Company, the transfer Of its stock,
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 per-.
tain to the concern Of the Company.
SEC. 2. All election for directors shall be by
ballot, and every stakeholder shall be entitleds
to one vote in person or by proxy for each share
OF stock held by him for ninety days prior to-
such election.
| u.
a quorum for the transaction OF business, and
the number of directors may be 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.
STOCKHOLDERS MEETINGS.
SEQ. 1. Stockholders meetings may be cslled
at any time by the Board Of Directors, and on the
requisition of the holders Of 0ne-ffth Of the
capital stock issued it shall be their duty to calH
such meetings for the purpose Of amending this
Charter and consideration of and action upon ALI
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 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
the liquidation shall be conducted by three COM
missiOners elected by ballot at such meeting A.
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 tho
presence OF Andrew J. Armstrong and John W.
who have hereunto signed their names o. such.
together with the said appearers and me, said
notary, on the day, month and year herein frsS.
written, after reading the whole.
(Originsl Signed) G. w. r. BAYLEY
IA. GIRDNER,
GEO. JONAS,
JULIUS WE1H,
HU. KENNEDY,
DAVID WALLACE,
4. B. WHEELOCK,
E. L. RANLETT,
JOHN Il. KENNARD,.
CYRUS BUScEY,
JOHN PHELPS Fl p . o''s
W.B. SCHMIDT,
SAML n. KENNEDY.
A. J. ARMSTRONG,
JOHN W. HUNTER.
J. G. EUSTIs. Notary. Public.
l, the undersigned Deputy Recorder Of Mort.
cages in and for the parish Of Orleans, city Or
New Orleans. do hereby certify that the aboyos
and FOREGOING act Of incorporation Of the s'New
Orleans Pacific Railway Company" was this day
duly recorded in my Office, according to law, H.
book 11S. folios 626 627, 62S. 62s, go, 81 and
New Orleans, June 20, 1875.
Original signed.) @. DAROANTEL.
Deputy Recorder.
certify the above and foregoiog to be q true,
and correct copy Of the original charter and GER
tlficate OF recordation thereof now extant in my
current register.
IN faith, whereof, grant these presents under.
my hand and the impress of nv Official seal. tbia.
3D. day Of July, A. d. 1875.
]. G. EUSTIS, Notary Public,
jy6 IS Carondelet street.
Mrs. II. 4. Elliott.