The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-02
CHARTER.

not to impair it's usefulness to the public unnec-
eesarily; or if temporarily impaired IN and during
the construction OF the said railroads, the said
. 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 injured, 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 or village within this State
any rights, privileges or ranchlses Inas any OF
grant in reference to the construction, mamie.
nance management and use 1.-THE railroads OF
said company, depots, cars, locomotives and
its business, within the limits OF such or any OF
said parishes. cities and villages.
EiRhth-To appropriate property according to
Ninth Hins6-To cross, intercept, join and unite its
railways, and prorate with any other railroad
heretofore 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 tnrn-outs,
| sidings switches and other convevances 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
/ its corporate bonds prOmissOry notes, bea' ing
interest at such rate per annum as the directory
NAV 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 it's railroads. it's 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 euch 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 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
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 its officers and agents,
anu all other matters which shall in any way per-
tam 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
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
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.
ARTICLE v.
STOCKHOLDERS MEETINGS.
Sec. 1. Stockholders meetings may be cslled
at any time by the Board of Directors, and on the
requisition of the holders OF one-6fth 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
a 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.
Amb COIpOTdtlOu uldy Do OlSeOlV0O at d 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
missioners elected by ballot q such meet ng. At
the termination Of this Charter. the liquidation
shall be conducted by similar board of three
commissioners, to be in the same way elected at
The purpose.
Thus done and passed. at my Office, in the
presence OF Andrew J. Armstrong and John w.
Hunter, lawful witnesses residing in this city.
who have hereunto signed their names AZ such.
together with the said appearers and me. said
notary, on the day, month and year herein first
written, after reading the whole.
(Originsl Signed) g. W. X. BAYLEY,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HU. KENNEDY,
DAVID WALLACE,
+. B. WHEELOCK.
JOHN h. KENNARD,
CYRUS BUSsEY,
JOHN pa }RY +; 8 Co.
W.B. SCHMIDT,
SAM'L Il. KENNEDY,
A. ]. ARMSTRONG,
JOHN W. HUNTER,
l, the undersigned Deputy Recorder of Mort
ages IN and for the parish Of Orleans city of
lew Orleans, do hereby certify that he above
M foregoing act Of incorporation of the "New
'rieans Pacific Railway Company" was this day
uly recorded in my Office, according to law. in
COX lis, foEos GAG, 627, 628, 629, $50, 6S1 and
New Orleans, June %, 1875.
Original signed.) @. DARCANTEL.
Deputy Recorder.
certify the above and foregoi g to be a true
40 correct copy OF the original charter and GER
urrent register.
In faith, whereof, grant these presents under
y hand and the impress of my official seal, this
day OF July, A. d. 1875.
J. G. EUSTIS, Notary Public.
Jyo rs Carondelet street.
Mrs. III. 4. Elliott,
ART15T-