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

CHARTER.

the construction OF the said railroads, the o41c
company shall restore the same 70 lts forme!
CONVENIENCE to the public shall not be unneceo
sarily impaired or injured, ana the said company
shall not be required to construct draw in any
bridge over and across any stream or bayou,
except streams nayigaoIe by enrolled s ana \
Seventh-To obtain, by grant or otherwise.
from any parish city or village within this HtAto
any rights, privileges or franchises that any q
said parishes, cities or villages, may choose -
/ grant in reference to the construction, mainte-
| nance management and use 1.-THE railroads d
said company, is depots, cars, locomotives and
| it's 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 ite
railways, and prorate with any other railroad
heretofore or hereafter constructed in the State
| OF Louisiana, or any other State, at any point
other railroad, with the necessary tnrn-outs,
| sidings, 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 az part OF the property Of
this COMPANY.
Eieyenth-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 ~
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 times and
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 its railroads, its 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.
SEC. l. The corporate powers of this Compas
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
shall be director who is not the actual owner of
at least ten QO) shares of the capital stock Of
said Company. Directors shall be elected an
nually, and continue in Office until others arc
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
Treasurer, and shall have power to make and
prescribe such bylaws and rules and regulations.
and from time to time alter, amend ano revoke
the same ae they shall see fit touching the govern
the election Of it's officers, the management and
disposition OF it's business, property and effects,
the powers and conduct of its officers and agents.
and all other matters which shall in any way per-
tain TO the concern OF tse 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
such election.
SEC. g. Seven of the directors shall constitute
} quorum for the transaction OF business and
me number OF directors may be increased or
diminished by majority vote OF stockholders in
interest at any regular meeting, provided the num-
Dor shall not be less than seven nor more than
fifteen.
ARTICLE Y.
STOCKHOLDERS MEETINGS.
O. c..,.,,,-,
oEo. !. otocknoiGers meeungs may De csIleo
y any time Dy Inc boara OF directors, and on the
equlsitlon OF Inc holders Of 0ne-hft1 OF the
aPi0aI stock Issued IL SHALL Dc tner DUTY to call
ucn meetngs 1er the purpose OF amending this
.Ialtef anu consiueratlon OF ana action upo9 Al
sner business OF the company and al Questions
rising a. sn s M meetings snan be determined BY
EaS l. The annual meeting q he ssooth s
or tne eiectlon OF directors and transaction OF
~ asgu,ar business snail pc neid on the second
'e"nee~"S ~ 'anuafy u each year.
ARTICLE vi.
~Torrn.n
oAiAUN
Auin W poI"'.on nay pe ulssotveo u genera
neeting convened for that purpose with the A.
ent OF three :onrths OF the stock Of the COM
any ana Two thirds OF the stock represented ct
uc1 meetlng, ana IN case OF such dissolution
ne nqu1aau11n snail DC Gonducted by three COM
alssloners elected hy ballot at such meeting. At
be termination OF this Charter, the liquidation
nail De cononcted Dy amlar board OF three
narassi w " ~ .nG same way elected q
general meetns OF stockholders convened for
" Tp pusp3 3s'. ,a ,
Iesence OF andrew >. Armstrong and John W.
i luz ihwrun Witnesses RESIDING IN this city,
" hase HeIou LII siSneo tneH names As SUCH
ogetner WIN me SAD appearers and me, said
u! s.y, On .ne oay: nhontn ana year herein frst
IN,;o-,o % u;.,.sa1t 'no ~roS
GEO. JONAS,