The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-11
CHARTER.


essarily: or il temporarily impaired in and during
the construction OF the said railroads, re easo
company shall restore the Same % lts IO9me!
state or to such state that its usefulness ana
conv;enence to the public shall not be unnecee.
ssr;Iv impsired or injured, and tho said company
shali not be required to construct draw n ny
bridge over and across any stream or payous
except streams navigable by enrolled ana "
censed vessels, and when required ey nw.
Seventh-To OBTAIN, BY grant or otnerMess
from any parish city or village within this btase,
any rights, privileges or franchises that any. q
said parishes, cities or villages, may choose y
grant in reference to the c0natructlOn, mains0.
nance management and use 1.-THE railroads q
said Company. lis depots, cars, locomotives and
its business, within the limits OF such or any o.
said parishes, cities and Villages.
Eighth-To appropriate property according %
existing laws.
railways, and prorate with any other railroad
heretofore or hereafter constructed in the State
of Louisiana, or any other State, at any pomt
upon it's route and upon the ground OF such
other railroad, with the necessary tnrn-outss
eidines switches and other conveyAnces, u
furtherance OF the objects of it's connections.
Te1fth-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 q part OF the property OF
this COMPANY.
Eleyenth-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, OF
the purchase or lease OF such property, to issue
its corporate bonds or prOmssOry notes, bea'ing
interest at such rate per annum rs 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.
% 1u ofo IN yY10T
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.
SEQ. /. The corporate powers Of this. Compa-
nv 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 (10) 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
prescribe such bylaws and rules and regulations,
and from time to time alter, amend and revoke
the same as they shall see fit touching the govern
ment Of said Company, the transfer OF it's stock,
disposition of it's business, property and effects,
the powers and conduct Of its officers and agents,
ana 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. g. 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-
Der shall not be less than seven nor more than
fifteen. .
STOCKHOLDERS MEETINGS.
SEC. 1. Stockholders meetings may be called
at any time by the Board of Directors, and on the
capital stock issued it shall be their duty to call
such meetings for the purpose Of amepding 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 Of
the regular business shall be held on the second
Wednesday in January of each year.
ARTICLE vi.
LIQUIDATION.
This corporation may be dissolved ct . general
meeting convened for that purpose with the -.
sent Of three-fourths Of the stock Of the conn
pany and two thirds Of the stock represented ct
such meeting, and in case OF such dissolution
the liquidation shall be conducted by three COM
missioners elected by ballot at such meetsAg. At
the termination Of this Charter, the liquidation
commissioners, to be in the same way elected Is
q general meeting OF stockholders convened Tor
the purpose.
THUS done and passed, at nay Office, in the
presence Of Andrew J. Armstrong and John ".
Hunter, lawful witnesses residing in this city.
who have hereunto signed their names ~ such,
together with the said appearers and me, said
notary, on the day, month and year herein first
written, after reading the whole.
ia. GIRDNER,
GEO. JONAS,
JULIUS WEBS,
HU. KENNEDY,
DAVID WALLACE
e. B. WHEELOOK,
E: L. RANLETT,
JOHN b. KENNARD,
CYRUS BUSsEY,
JOHN pAa RY + { a..'s
WE SCHMIDT,
SAM'L II. KENNEDY.
Join a 1 " 1aautiSsSTEEsR.s
y. u. EC6I16, NOGaIy fuDuce
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 New
Orleans Pacific Railway Company was this day
duly recorded in my Office, according to Law, in
book 118. folios 626. 627, Gas, 629, $50. 681 and
$50.
New Orleans, June 20, 1875.
Original signed.) O. DARCANTELt
Deputy Recorder.
certify the above and foregoing to be true
and correct copy of the original charter and Ger
tifcate 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
3D. day Of July, A. D. 1875.
J. q. EUSTIS, Notary Public.
jy6 IS Carondelet street.
Mrs. II. 4. Elliott