The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-15
CHARTER.

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not to impair it's usefulness to the public unne<
essarily; or il temporarily impaired In and durin
the construction Of the said railroads, the sai
: company shall restore the same to it's forme
state, or to such state that ito usefulness an
!, CONVENIENCE to the public shall not be unneces
sarily impaired or injured, and the said compan,
shall not be required to construct draw in An,
bridge over and across any stream or bayou
, except streams navigable by enrolled and
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 o
said parishes, cities or villages, may choose Il
grant in reference to the construction, mainte
nance management and use 1.-THE railroads O
said company, g depots, cars, locomotives and
it's business, within the limits of such or any q
said parishes. cities and Villages.
existing laws.
Ninth-To cross, intercept, Join and unite itl
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 tnrn-outs,
sidings, switches and other conveyances, n
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 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 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
its corporate bonds or prOmissOry notes, beas 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 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 it's real or personal
property, Or any portion of the same.
ARTICLE ~.
BOARD OF DIRECTORS.
SEC 1. The 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 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 ana revoke
the same they shall see fit touching the govern
ment Of said Company, the transfer Of it's 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,
ma all other matters which shall in any way per-
tain to the concern of the Company.
Sec. 2. ALI election for directors shall be BY
ballot, and every stakeholder shall be entitled
% one vote in person or by proxy for each share
If stock held by him for ninety days prior 70
such election.
Sec. 8. Seven Of the directors shall constitute
! quorum for the transaction Of business, and
he number OF directors may be increased or
diminished by majority vote Of stockholders in
interest at any regular meeting, provided the NUM-
,er shall not be less than seven nor more than
fifteen.
ARTICLE v.
STOCKHOLDERS MEETINGS.
SEQ. 1. Stockholders meetings may be called
t any time by the Board of Directors, and on the
equisition Of the holders of one-ffth of the
apital stock issued it shall be their duty to call
UGH meetings for the purpose Of amending this
,harter and consideration of and action upon all
ther business Of the company, and all questions
rising at such meetings shall be determined by
majority OF the stock there present and voting.
Sec. z. The annual meeting of the stockholders
'r the election Of directors and transaction OF
ne regular business shall be held on the second
'eonesday IN January OF each year.
ARTICLE vi.
LIQUIDATION.
This corporation may be dissolved ct q general
eeting convened for that purpose with the a.
snt OF three-fOurths OF the stock of the conn
any and two thirds Of the stock represented ct
lch meeting, and in case OF such dissolution
le liquidation shall be conducted by three conn
issioners elected by ballot at such meeting. At
'e termination OF this Charter, the liquidation
lall be conducted by a similar board of three
'mmlseloners, to be In the same way elected ct
general meeting Of stockholders convened for
10 purpose.
Thus done and passed, at nay Office, in the
essence OF Andrew ]. Armstrong and John w,
unter lawful witnesses residing in this city.
gether with the said appearers and me. said
'tary, on the day, month and year herein frat
'itten, after reading the whole.
(Origin'l signed) G. W. 4. BAYLEY,
ia. GIRDNER,
GEO. JONAS,
JULIUS WRIS,
HU. KENNEDY.
DAVID WALLACE.
Z. B. WHEELOCK,
E. L. RANLETT,
JOHN H. KENNARD.
CYRUS BUSoEY,
JOHN pA ass{E 4 : Co.
W.B SCHMIDT,
CANA u q. AENNGOxs
A. J. ARMSTRONG.
JOHN w. HUNTER.
J. 6. EUSTIS. Notary Public.
|, the undersigned Deputy Recorder Of Mort
ges N and for the parish Of Orleans, city Of
4 foregoing act Of incorporation Of the s.New
leans Pacific Railway Company" was this day
y recorded in my Office, according to law. in
X 1lS, folios 626, 627. 62S, 629, $50, 6S1 and
lew Orleans Juna 90 1s7s
Original signed.) @. DARCANTEL.
Deputy Recorder.
certify the above and foregoing to be true
correct copy Of the original charter and GER
cate OF recordation thereof, now extant in my
rent register.
n faith, whereof, I grant these presents under
hand and the impress OF my official seal. thia
day of July, A. D. 1875.
]. g. EUSTIS, Notary Public,
70 IS Carondelet street.
Mrs. III. 4. Elliott.