The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-01
CHARTER.

| state or to such state that it's usefulness and
| CONVENIENCE to the public shall not be unneces-
sarily impaired or injured, and the SAID company
shall not be required to construct a draw IN any
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 to
| grant in reference to the construction, malnte-
| nance management and use 1.-THE railroads OF
| said company, depots, cars, locomotives ana
its business, within the limits OF such or any OF
| said parishes. cities and villages.
Eighth-To appropriate property according 10
texisting laws.
Nin.h-To cross, intercept, join and unite ite
| 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 turn-outs,
sidings, switches and other conveyances, in
furtherance of the objects of its connections.
Tenth-To purchase or lease from any railroad
company corporation, at any authol lied sale,
any railroad, and the charter franchises, prop
erty and appurtenances thereof and maintain
and use the same as part Of the property OF
this COMPANY.
EIevepth-To borrow money or to purchase or
lease property on its credit, fer the purpose
of constructing and malntaining said railroads or
establishing continuous and connecting ines a.
herenbefore provided; and as evidence of the in
debtedness Of said cOmpan, for such loans, or
the purchase or lease of such property, TO issue
It's corporate bonds or promssOry notes, bea ing
interest at such rate per annum rs 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 corpoJa 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 and any of it's real or personal
property, or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS.
SEC. 1. 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 (10l shares of the capital stock OF
said Company. Directors shall be elected an
nualy 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 sectOrs 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 regulations,
and from time to time alter amend anu revoke
the same they shall see fit touching the govern
ment of said 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 it's 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 dave prior to
such election.
Sec. 3. Seven of the directors shall constitute
a quorum for the transaction of business, and
the number of directors may be increased or
diminished by majority vote OF stockholders in
Mt at 1a6 tba
Der shall not be less than seven nor more than
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS..
SEQ 1. Stockholders meetings may be called
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 considt ration 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
SEC. 2. The annual meeting of the stockholders
for the election of directors and transaction or
the regular business shall be held on the second
W 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.
)any and two thirds OF the stock represen ted al
such meeting, and in case OF such dissolution
he liquidation shall be conducted by three COM
nissioners elected by ballot a. such meet n.y. At
he termination of this Charter the liquidation
'hal be conducted by similar board of three
to be in the same way elected at
general meeting Of stockholders convened for
he purpose.
Thus done and passed, at nay Office, in thn
presence OF Andrew J. Armstrong and John W.
iunter, lawful witnesses residing in this city,
Who have hereunto signed their names az such,
ogether with the said appearers and me. said
rotary, on the day, month and year herein fi.ss
written. after reading the whole.
(Orlglnsl Signedl G. w. X. BAYLEY,
IA. GIRDNER,
GEO. JONAS,
JULIUS WEIS,
HUI KEN
DAVID WALLACE.
+. B. WHEElOCK.
Z. L. RANLETT,
JOHN H. KENNARD.
CYRUS BUSoEY,
JOHN PHELPS ssf :: q Co.
w. B. SCHMIDT,
SAM'L H. KENNFDY,
A. J. ARMSTRONG,
JOHN W. HUNTER.
J. G. EUSTIS. Notary Public.
l, the undersigned DEPUTY Recorder Of Mcss.
ages in and for the parish Of Orleans, city as
eW Orleans, do hereby certify that The aboyu
nd foregoing act of incorporation of the s.New
rIeans Pacific Railway Company" was this dag
uly recorded In my Office, according to law. in
ook llo. fohos GIG, 627, 628, 629, $780, 631 and
New Orleans, June 20, 1875
Original signed.) G. DARCANTEL,
Deputy Recorder.
certify the above and foregoi g to be a trus
40 correct copy OF the original charter and GER