The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-19
CHARTER.


not to impair it's usefulness to the public unnee
essarily: or if temporarily impaired in and durin
the construction Of the said railroads, the sal
company shall restore the same to it's fOrme
state, or to such state that its usefulness an,
CONVENIENCE to the public shall not be unneces
shall not be required to construct draw In an,
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 franchises that any Of
said parishes, cities or villages may choose te
grant in reference to the construction, mainte
nance management and use 1.-THE railroads o.
said company, lis 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
existing laws.
Ninth-To cross, intercept, Join and unite its
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,
sldlngs, switches and other conveyances. in
furtherance Of the objects OF its connections
Tenth-To purchase or lease from any railroad
company or corporation, at any autho, lied 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.
EIevep,h-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 or promissOry 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 tho advantage
OF the corpora ions, and for securing the paw
ment OF said bonds or notes, to mortgage and
pledge its railroads. it's capital stock it's corpor-
ate franchises and any of it's real or personal
property. or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS.
Bee. I. The corporate powers Of this Connpa.
ny shall be vested in a Board of Directors COM
poeed Of fifteen stockholders to be elected in
accordance with the bylaws of the Company,
and such officers and agents as may from time TO
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 MI their place, and shall have power to
fill vacancies in their number caused by death.
resignation or otherwise. The di, ectors 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 regulatiors
and from time to time alter, amend ana revoke
the same &C they shall see tit touching the govern
ment Of said Company, the transfer of it's stock.
the election of it's officers, the management and
disposition OF its BUSINESS property and effects
the powers and conduct OF its officers and agents,
AMI all other matters which shall in any way per.
tain to the concern OF the Company.
Sec 2. All election for directors ehall be by |
ballot, and every stakeholder shall be entitled
to one vote in person or by proxy for each shsre
Of stock held by him for ninety days prios to
Sec. 8. Seven OF the directors shall constitute
! quorum for the transaction OF business. and |
The number of directors may be increased or |
by majority vote Of stockholders in
Der shall not be less than seven noy more than |
fifteen.
ARTICLE Y. !
STOCKHOLDERS MEET1NaA ]
SEQ. 7. Stockholders meetings may be cslled |
It any time by the Board Of Directors, and on the
equisition of the holders OF Qne-ffth of the |
apital stock issued it shall be their duty to call
UGH meetings for the purpose of amending this |
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 2. The annual meeting of the stockholders !
or the election OF directors and transaction of
uO Ick uldI UuEl00S6 0Q6ll Dc Q0lO on the second
Wednesday in January Of each.yeay.
ARTICLE VI. I
LIQUIDATION.
This corporation may be dissolved at general
Meeting convened for that purpose with the as
emit 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
be liquidation shall be conducted by three COM
,issioners 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
ne purpose
Thus done and pesse6, AZ nay Office, in the
resence Of Andrew }. Armstrong and John w.
Lunter, lawful witnesses residing in this city,
no have hereunto signed their names as such,
'gether with the said appearers and me, said
otary, on the day, month and year herein first
ritten, after reading the whole.
(Origips1 Signed) 6. ". R. BAILEY.
). A. GIRDNER. Il
GEO. JONAS, Il
JULIUS WEI3, |,
HU. KENNEDY, |.
DAVID WALLACE.
y. B. WHEELOCK.
Z. L. RANLETT,
JOHN H. KENNARD.
CYRUS BUSsEY.
JOHN PHELPS aRY r; . o''
W. B. SCHMIDT.
SAML H. KENNEDY.
A. J. ARMSTRONG;.
JOHN W. HUNTER
). G. EOSTfS. Notary Public. r.
l, the undersigned Deputy Recorder Of Mort. a
ges in and for the parish Of Orleans. city Oft
Nv Orleans. do hereby certify that the above ,
d foregoing act Of incorporation of the s'New
leans Pacific Railway Company" was this day q
ly recorded in my Office, according to law. in
Ok 11S, foios 62S. 627. S2S. 629. $50. $50 and
3.
New Orleans, June %. 1875. !.
Original signed} C. DARCANTEH, l.
Deputy Recorder.
certify the above and foregoiag to be . true y
d correct copy Of the original charter and GER
cate Of recordation thereof. now extant in my
trent register.
In faith, whereof, I grant these presents under
7 hand and the impress of my official seal, this
day OF July, A. D. 1875.
J. q. EUSTfS, Notary Public. {.
vt Rs Carondelet street. :
Mrs. IL. T. Elliott,