The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-12
CHARTER.


company shall restore the same to its former
state. or TO such state that it's usefulness and
CONVENIENCE to the public shall not be unneces-
ssrily impaired or injured, and the sald company
ehali not be required to construct draw IN any
bridge over and across any stream " Dayo ~
censed vessels, and when required by law.
Saven.h-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 cncose 70
@rant in reference to the construction. mainte.
nance management and use 1.-THE railroads OF
said COMPANY. is depots, cars, locomotives ana
tic business. within the limits Of such or any OF
said parishes, cities and villages.
Eighthc.To appropriate property according 70
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 pony
upon its route and upon the ground Oh sucn
other railroad, with the necessary tnrn-outs,
sidings. switches and other conveyances, IN
furtherance Of the objects OF lts connectons.
Tenth-To purchase or lease from any rallroao
company or corporation, at any authorized SAFE,
any railroad. and the charter, franchises, prop
erty and appurtenanees thereof, and MAINTAIN
and use the same as part of the property OF
this COMPANY.
EIeyepth-To borrow money or to purchase or
lease property on its own credit, for the purpose
of constructing and maintaining said railroacs OF
establishing continuous and connecting ilnes as
hereinbefore provided; and as evidence OF the IN
debtedrfess OF said company for such loans, or
the purchase or lease OF such property, to issue
its corporate bonds or prOmlssOry notes, pea ing
interest at such rate per annrm as the directory
may elect, and made payable IN gold or tue law,
full money of the United States at such times and
places as may be deemed most to the advantage
of the corpoI a ions, and for securing the pay
ment Of said bonds or notes, to mortgage and
pledge its railroads. its capital stock, its corpor-
ate franchises ana any of it's real or personal
property, or any portion OF the sames
ARTICLE ~.
BOARD OF DIRECTORS
EEo.a. This 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 tfme to
time be appointed by euch board. No person
shall be director who is not the actual owner of
az least ten (l0) 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
FL! vacancies in their number caused By death,
resignation or otherwise. The directors shall
elect one Of their pumbef as President OF said
Company, snother 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 fit touching the govern.
ment Of eaid Company the transfer Of its stock.
the election of its officers, the management and
disposition Of its business, property and effects,
the powers and conduct of les officers and agents,
anu all othey matters which shall in any way per-
tam 70 the concern of che Company.
SEC. 3. AL election foy directors sna1l be by
ballot. and every stakeholder shall be entitled
of stock held BY him 5o5 ninety days PROT TO
such election.
SEC 8. Seven Of the directors shall constitute
. 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 pot be less than seven noS more than
fifteen.
SToCKHoLDERs' MEETINGS..
SEC. 7. Stockholders meetings may be called
at any time by the Board of Directors, and on the
requisiton OF the holders Of one-tifth of 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 all
other business of the company, and all questions
arising at such meetings shall be determined by
a majority OF ethe 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 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
missieners 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
oAs,, - ~%o I,.1l
thus done and passed, at my Office, in the
presence OF Andrew j. Armstrong and John W.
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.
lOrigins3 Signed) G. W. R. BAYLEY.
ia. GIRDNEKs !
GEO. JONAS,
JULIUS WEIS, |
HUI. KENNEDY,
DAVID WALLACE,
E. B. WHEELOCK,
E. L. RANLETT,
JOHN H. KENNARD,
CYRUS BUSsEY,
JOHN PHELPS R{ p . w.
W.B. SCHMIDT,
SAM'L Fl. KENNEDY,
A. J. ARMSTRONG,
JOHN W. HUNTER,
j. G. EUSTIS. Notary Public.
l, the undersigned Deputy Recorder Of Mort
ages in and for the parish Of Orleans, city of |
lew Orleans. do hereby certify that The above
nd foregoing act OF incorporation Of the s'New
orleans Pacific Railway Company" was this day
uly recorded in my Office, according to law, in |
ook 11S, folios 626, 627, 62S, 629, $50, 6S1 and
80.
New Orleans, June 20, 1875.
Original signed.) G. DAROANTEL,
Deputy Recorder.
1 certify the above and foregoing to be true
nd correct copy Of the original charter and GER
fcate Of recordation thereof, now extant in my
urrent register.
In faith, whereof, I grant these presents under
~ hand and the impress of my official seal, this
day OF July, A. d. 1875.
]. G. EUSTIS, Notary Public.
iy6 IS Carondelet street.
Mrs. III. 4. Elliott,