The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-05
CHARTER.

essarily: or If temporarily impaired in and durin
! the construction OF the said railroads, the sal
company shall restore the same to its forme
state, or to such state that it's usefulness an,
convenience to the public shall not be unneces
sarily impaired or injured, and the said compan,
shall not be required to construct a draw in AM
ofiose over ana across any stream or bayou
except streams navigable by enrolled and H.
censed vessels and when required by law.
| Seventh-Io obtain. by grant or otherwise
from any parish, city or village within this State
any rights, privileges or franchises that any OF
said parishes, cities or villages NAV choose ia
grant in reference to the construction, mainte
nance management and Use o I the railroads OF
| said company, i dep0ts, cars, locomotives and
its business, within the limits of such or any OF
said parishes, cities and villages.
Eishth-To appropriate property according to
existing laws.
| Ninth-To cross, intercept, join and unite its
| railways, and prorate with any other railroad
heretofore or hereafter constructed III the Stat
OF Louisiana, Or any other State, at any point
upon Its route and upon the ground OF such
other railroad, with the necessary turn-outs,
sldlngs, switches and other conyeyances, ID
| furtherance OF the objects OF its connections
Ienth-1o purchase or lease from any railroad
company or corporation, at any autho. lzed sale,
any ralToad, and the charter, franchises, prop.
erty and appurtenances thereof, aud maintain
ana use the same as a part OF the property Of
this COMPANY.
Eeventh-TO borrow money or to purchase or
OF constructing aud maintaining said rairoa Us or
establishing continuous and connecting ines as
herelnbefore 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 bones or promlssury notes. bea ing
interest at such rate per annum as the directory
may elect, and made payable in gold or the law
ful 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 nav
tn Nf.rtt
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. l. The corporate powers of this Compa.
ny shall be vested IN Beard of Directors COM
posed Of fifteen stockholders to be elected in
accordance with the bylaws of the Company,
and such officers and agents as NAV from time to
time be appointed by such board. No person
shall be director who is not the actual owner of
at least ten G0) shares of the capital stock of
said Company. Directors shall be elected an
nually, and continue in Office until others are
elected to ill their place, and shall have power to
ill vacancies in their number caused by death,
resignation or otherwise. The di rectors shall
elect one OF their number 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 as they shall fit touching the govern
ment of said Company, the transfer of its stock
the election OF Its officers, the management and
dlsposi'io 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 Ali election for directors shall be by
ballot, and every stakeholder shall be emit led
of stock held by him for ninety days priol to
such election.
SEC. 8. Seven of the directors shall constitute
a quorum for the transaction Of business, and
the number OF directors may be increased or
diminished by Z ma jortv vote OF stockholders in
interest st any regular meeting, provided the num-
Der snail not be less than seven nur more than
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS..
SEC. 1. Stockholders meetings may be C, He'd
at any time by he Board OF Directors, and on the
requistion 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 ac,lon upon all
other business OF the company and all questio |
arising at such meetings shall Oe determined by
majority OF the stock there preso mt and voting. |
SEC. 2. The annual meeting of the stockholders |
or the election OF directors and transaction Of |
he regular business shall be held on the second /
Wednesday in January OF each year.
ARTICLE vi.
LIQUIDATION.
This corporation may be dissolved at a general |
Meeting convened for that purpose with the as
tent OF three-fourths of the stock of the COM
,any and two thirds of the stock represented at
uch meeting, and in case of such dissolution |
he liquidation shall be conducted by three COM
nissioners elected by ballot at such meet ng At |
he termination Of this Charter the liquidation
hall be conducted by similar board of three
to be in the same way elected at
general meeting of stockholders convened for
he purpose.
presence Of Andrew J. Armstrong and John W.
1unter, lawful witnesses residing in this city,
7ho have hereunto signed their names as such,
ogether with the said appearers and me, said
otary, on the day, month and year herein first
7ritten. after reading the whole.
Original Signed) G. W. X. BAYLEY,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HU KENNEDY,
DAVID WALLACE,
il. B. WHEELOCk,
e. L. RANLETT,
JOHN H. kENNAED,
CYRUS BUSoEY.
JOHN PBELPs, -"
W. 9. SCHMIDT,
SAIpia II. KENNEDY,
A. J. ARMSTRONG, !
JOHN w. HUNlER,
J. G. EUSTIS. Notary Public. :
l, the undersigned Deputy Recorder Of Mort 7
ages in and for the parish of Orleans, city Of
ew Orleans, do hereby certify that he above O
Id foregoing act OF incorporation of the New .
rleans Pacific Railway Company was this day
lily recorded in my Office, according to law, in q
,ok 11S. folios 626 GIT, G26, 629, $50, 631 and b
2. q
New Orleans, June 90, 1875.
Original signed.) c. DARCANTEL,
Deputy Recorder.
l certify the above and foregoi to be a true
ID correct copy of the original charter and GER
icate of recOrdation thereof, now eXtant in my -
trent 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.
Iy6 IS Carondeet street.
Mrs. III. L. Elliott,