The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-25
CHARTER.


bridge over and across any stream or bayou,
except streams navigable by enrolled and H.
censed vessels, and when required by law.
Seventh-To obtain. by grant or otherwise,
from any parish, city or village within this State
any rights, privileges or franchises that any OF
said parishes, cities or villages, may choose to
grant in reference to the construction, mainte
nance management and use the railroads OF
said company, iis 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 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 its route and. upon the ground Of such
other railroad, with the necessary tylrn-outs
sidings, switches and other conveyances, in
furtherance 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 charter, franchises, prop.
erty and appurtenances thereof, and maintain
and use the same as part OF the property OF
this company.
Eievepth-To borrow money or to purchase OF
lease property on its own credit, for the purpose
of constructing and maintaining said railroads or
establishing continuous and connecting lines as
herenbefore provided; and as evidence Of the in
debtedness OF said company for sach loans, OF
the purchase or lease of such property, to issue
o
interest at such rate per annum az 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 corpOI a ions, and for securing the pay
ment of said bonds or notes, to mortgage and
pledge it's 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. Tho corporate powers of this Compa-
ny shall be vested IN 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 (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 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 ana revoke
the same as they shall gee fit touching the govern
ment of said Company, the transfer OF it's stock.
the election of it's officers, the management and
disposition of its business, property and effects,
the powers and conduct of it's officers and agents,
tain to- the concern of the Company.
Sec. 2. All election for directors shall be by
ballot, and every stakeholder shall be entitled
to one vote in person or by proxyfor each share
Of stock held by him for ninety days prior to
| such election.
SEC. 3. Seven of the directors shall constitute
q 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-
har shall NOT he Iaaa 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 One-fifth 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 al
| 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 oil
the regular business shall be held on the second
Wednesday in January Of each year.
ARTICLE vi.
LIQUIDATION.
This corporation may be dissolved at genera
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 al
such meeting, and in case of such dissolution
the liquidation shall be conducted by three com
missioners elected by ballot at such meeting. Al
| the termination Of this Charter, the liquidation
shall be conducted by similar board of three
commissioners, to be in the same way elected al
a general meeting OF stockholders convened FOL
the purpose.
Thus done and passed, at nay Office, in the
presence of Andrew ]. 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.
(Oriuinsl Signed) G. w. Il. BAYLEY
]. A. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HUI. KENNEDY,
DAVID WALLACE,
E.B. WHEELOCK,
JOHN Il. KENNARD,
CYRUS BUSsEY,
JOHN PHELPS,
W. B. SCHMIDT,
SAM'L Fl. KENNEDY,
u. ARMSTRONG,
JOHN w. HUNTER,
G. EUSTIS. Notary Public.
l, the undersigned Deputy Recorder OF Mort
cages in and for the parish Of Orleans, city o
New Orleans, do hereby certify that the above
and foregoing act of incorporation OF the ''Nev
Orleans Pacific Railway Company" was this day
duly recorded in my Office, according to law, il
book 118, foios 626, 627, 626, 629, $50, 6Sl ant
632.
New Orleans, June 20, 1875.
(Orisinal signed) G. DARCANTEL.
Deputy Recorder.
certify the above and foregoing to be tru'
and correct copy of the original charter and Ger
tifcate of recordation thereof, now extant in m.
current register.
In faith, whereof, grant these presents undel
my hand and the impress of my official seal, thil
Sd day of July, A. D. 1875.
J. G.. EUSTIS, Notary Public.
| .jy6 35 Carondelet street.
Mrs. II. 4. Elliott,
ART15Ts