The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-29
CHARTER.

CHARTER.
$4,000 <.c.,.>~~>--cS>
not to impair its usefulness to the public unneo-
easarilv: or If temporarily impaired IN and during
tha construction Of the said railroads, the eaa0
company shall restore the Same 70 ~ ioFme
state. or to such state that it's usefulness ana
convienence to the public shall not be unneces-
Ssr;,v ;mpsired or injured, and the said company
shali not be required to construct draw ~ any
bridge over and across any stream or Dayous
except streams navigable by enrolled ana v
censed vessels, and whom required BY Law.
rom any parish, city or village within this 6tats
any rights. privileges or franchises that any q
said parishes, cities or villages, may choose =
grant in reference to the constrpction,. mamie.
said company, Jig depots, cars, locomotives ana g
its business, within the limits OF such or any o.
said parishes. cities and villages.
Eighth-To appropriate property according %
Ninth-To cross, intercept, Join and unite ite
railways, and prOrate with any other railroeo
heretofore or hereafter constructed IN the state
of Louisiana. or any other State, at any point
upon it's route and upon the ground OF such
other railroad, with the necessary tnrn-outss
sidings, switches and other conveyances. u
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.
erfv and appurtenances thereof, and maintain
and use the same a. part OF the property O
this COMPANY.
Eeventh-To borrow money or to purchase OF
lease property on it's own credit, lor the purpose
establishing continuous and connecting lines -
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
its corporate bonds or prOmissOry notes, bearing
interest at such rate per annum az 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
ment Of said bonds or notes, to mortgage and
pledge its railroads. it's 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 /. The corporate powers OF this Compae
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 .
time be appointed by such board. No person
shall be director who is not the actual owner Of
at least ten (10) shares of the capital stock OF
said Company. Directors snan pc elected e An
elected to fill their place. and shall have power 70
fill vacancies in their number caused by death,
resignation or otherwise. The directors shall
elect one of their number as President Of sa!d
We
Treasurer, and shall have power to make and
prescribe such bylaws and rules and regulations
and from time to time alter, amend an0 revoke
the same they shall see fit touching the govern
ment of said Company, the transfer Of its 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,
anu all other matters which shall in any way PEI.
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 Tor each share
of stock held by him for ninety days prior =
such election.
SEC 5. 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 IN
Der shall not be less than seven nor more than
ARTICLE v.
STOCKHOLDERS MEETINGS.
Sec. 1. Stockholders meetings may DO called
at any time by the Board Of Directors, and on the
requisition Of the holders OF One-6fth OF the
capital stock issued it shall be their duty to call
Charter and consideration OF and action upon al
other business OF the company, and all questions
arising at such meetings shall be determined By
majority Of the stock there present and voting.
SEQ. 2. The annual meeting Of the stockholdeF.
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 ct general
meeting convened for that purpose with the -.
sent of three-fourths of the stock Of the COM
pany and two thirds Of the stock represented ct
such meeting, and in case Of such dissolution
the liquidation shall be conducted by three COM
| missioners elected by ballot At such meeting. At
the termination Of this Charter, the liquidation
shall be conducted by similar board Of three
commissioners, to be in the same way elected g
| q general meeting Of stockholders convened for
| the purpose.
Thus done and passed, at nay Office, in the
presence of Andrew ]. Armstrong and John ".
Hunter, lawful witnesses residing in this city,
who have hereunto signed their names ~ such,
together with the said appearers and me, said
| notary, on the day, month and year herein hrst
written, after reading the whele.
(Originsl 6igned) g. w. b. BAYLEY
IA. GIRDNER,
GEO. JONAS,
JULIUS WEBS,
HU. KENNEDY,
DAVID WALLACE,
f.. B. WHEEIOCK.
E. L. RANLETT,
JOHN b. KENNARD.
CYRUS BUSeEY,
JOHN pa7 III 4 i o''
W. B. SCHMIDT,
sAML b. KENNEDY,
A. J. ARMSTRONG,
JOHN W. HUNTER,
J. g. EUETIS, Notary Public.
I, the undersigned Deputy Recorder Of Mort.
cages in and for the parish Of Orleans, city Of
New Orleans, do hereby certify that the above
and foregoing act OF incorporation Of the ''New
Orleans Pacific Railway Company" was this day
duly recorded in my Office, according to law, IN
book lis, folios GAG, 627, 628, Gao, go, 631 and
$50.
New Orleans, June 20, 1875.
Original signed.) @. DARCANTEL,
Deputy Recorder.
certify the above and foregoing to be truu
and correct copy OF the original charter and cer-