The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-21
CHARTER.

0XlStlng laws
Ninth-To Cross, intercept, Join and unite it
railways, and prorate with any other railroa,
heretofore or hereafter constructed in the Stat
OF Louisiana, or any other State, at any pOin
upon its route and upon the ground OF sucl
other railroad, with the necessary turn-outs
\ sidings, switches and other conveyances, il
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 q part OF the property O
this COMPANY.
Eleventh-To borrow money or to purchase OF
lease property on its own credit, for the purpose
OF constructing and maintaining said railroads OF
establishing continuous and connecting lines az
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
it's corporate bonds or promissory notes, bea' 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 sald 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.
SEQ. l. The corporate powers of this Compa.
II d
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
nna nj hAIr nhopo 1ov.$A ~
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 az they shall see 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 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.
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
of stock held by him for ninety days prior to
such election.
SEC. s.. 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 i'm
interest at any regular meeting, provided the num-
Der shall not be less than seven nor more than
fifteen.
ARTICLE Y.
STOCKHOLDERS MEETINGS,
at any time by the Board of Directors, and on the
requisition of the holders Of one-ffth 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
q majority Of the stock there present and voting.
Geo. 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
elected by ballot at such meeting. At
the termination Of this Charter, the liquidation
shall be conducted by similar board of three
to be in the same way elected at
q general meeting Of stockholders convened for
the purpose.
Thus done and passed, at nay Office, in the
presence of Andrew j. Armstrong and JohneW.
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 Higned) G. w. r. BAYLEY
ia. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HU. KENNEDY,
DAVID WALLACE,
r. B. WHEELOCK,
E. L. RANLETT,
JOHN b. KENNARD,
CYRUS BUSoEY,
.o,,., by l: & Co.,
W.B. SCHMIDT,
SAM'L 81. KENNEDY,
A. J. ARMSTRONG;,
JOHN W. HUNTER,
J. G.. EUSTIS, Notary Public.
/, the undersigned Deputy Recorder of Mort
RACES in and for the parish of Orleans, city Of
New Orleans, do hereby certify that the above
md foregoing act Of incorporation Of the ''New
luly recorded in my office, according to law, in
,oOk 118, foios 626, 627, 628, 629, $50, 631 and
;32.
New Orleans, June 20, 1875.
Original signed.) G. DAROANTEL
Deputy Recorder.
certify the above and foregoing to be true |
md correct copy of the original charter and GER
ifcate of recordation thereof, now extant in my |
current register.
In faith, whereof, I grant these presents under |
ny hand and the impress Of my official SEAL this |
ID day OF July, A. D. 1875.
J. G. EUSTIS, Notary Public.
jy6 IS Carondelet street.
Mrs. n. 4. Elliott,
A7"H zTss