The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-26
CHARTER.

e nnstrnct;on 81 the said railroads. the said
company shall restore the same 10 It's lorme5
state. or to such state that its usefulness ana
CONVENIENCE to the pubic snaii nor a DC cnmnsnv
sarily impaired or injured, and the SAID company
shali not be required to construct draw IN any
bridge over and across any stream or bayou,
except streams navigable by enrolled ana IL
censed vessels, and when required py Jaw.
from any parish, city or village within TINS state
any rights, privileges or franchises that any y.
said parishes, cities or villages, may choose 70
grant in reference to the constructloh, nan'o
nance management ana use .ne md
said company, i's depots, cars, locomotives anu
its business, within the limits OF sucn OF any Vi
said parishes, cities and villages. .,:..
Eighth-To appropriate property ACCORDING 70
existing laws. -.
Ninth-To cross, intercept, join and unite lts
railways, and prorate with any other ! ranroao
heretofore or hereafter constructed IN the STATE
of Louisiana, or any other State, at any poin'
upon its route and upon the GROUND OF sucn
other railroad, with the necessary turn-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.
Eleventh-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 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 promissory notes, bearing
interest at such rate per annum as the directory
NAV elect, and made payable in gold or the law
fnl 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 its real or personal
property, or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS.
SEC. 1. The corporate powers Of this Compa-
nv shall be vested in Board OF Directors COM
posed of fifteen stockholders to pc e H IN
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
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 deat1,
resignation otherwise. The directors shan
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 an0 revoke
the same as they shall see tit touching the govern
ment of said Company, the transfer Of its stock.
the election of its officers, the management and
disposition of its business, property and effects,
the powers and conduct of it's officers and agents,
anu 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 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 3. Seven of the directors shall constitute
a quorum for the transaction OF business, and
the number Of directors may DO Increased or
diminished by majority vote OF stockholders in
Der shall not be less than seven nor more than
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
Sec /. Stockholders meetings may be called
at any time by the Board Of Directors, and on the
requisition Of the holders OF one-hfth 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
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
such meeting, and in case Of such dissolution
the liquidation shall be conducted by three COM
missioners elected by ballot at such meeting. At
the termination of this Charter. the liquidation
shall be conducted by a similar board Of three
commissioners, to be in the same way elected at
general meeting Of stockholders convened for
the purpose.
Thus done and pessed, at nay Office, in the
Al
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 Signedl G. W. R. BAYLEY,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEBS,
HU. KENNEDY,
DAVID WALLACE,
E.B. WHEELOCK,
E. l.. RANLETT
JOHN II. KENNARD,
CYRUS BUSeEY,
JOHN pH aEi p; ''
W. B. SCHMIDT,
SAM'L II. KENNEDY,
Al. ARMSTRONG,
JOHN w. HUNTER,
]. G. EUSTIS. Notary Public.
l, the undersigned Deputy Recorder OF Mort
cages in and for the parish of Orleans, CITY Of
New Orleans, do hereby certify that the above
and foregoing act Of incorporation of the s'New
Orleans Pacific Railway Company" was this day
duly recorded in my Office, according to law, in
book 11S. foios 626, 627. 628, 629, $780, 631 and
New Orleans, June %, 1875.
Original signed.) @. DARCANTEL,
Deputy Recorder.
Icertify the above and foregoing to be true
and correct copy Of the original charter and GER
thcate 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, this
Sd day OF July, A. D. 1875.
]. G. EUSTIS Notary Public.
1y6 IS Carondelet street.
Mrs. II. 4. Elliott.