The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-27
CHARTER.

not to impair it's usefulness to the public unlec-
essarily or if temporarily impaired IN ana during
| the construction of the said railroads, the sald
| company shall restore the same to It's former
state, or to such state that its usefulness and
CONVENIENCE to the public shall not be unneces-
sarily impaired or injured, and the SAD company
shall not be REQUIRED to construct draw m 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 villages. may choose te
grant in reference to the construction, mantle
nance management and use the railroads o.
| said company. i s depots cars, locomotives and
its business, within the limits OF such OF any o.
said parishes, cities ard Villages.
| Eishth-To appropriate property according 70
| existing laws.
| Nin5h-To cross, intercept, join and unite ita
| railways, and prorate with any other railroad
| heretofore or hereafter constructed III the state
| OF louisiana or any other State, at any poHs
| upon its route and upon the ground OF such
other railroad, with the necessary turn-outss
sidings, 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 author lied SALE
any railroad. and the charter. franchises, prop
erty and appurtenances thereof, and maintain
and use the same as a part OF the property OF
this COMPANY.
Eeventh-To borrow money or to purchase OF
lease property its own credit, for the purpose
OF constructing and maintainng said railroads or
establishing continuous and connecting ines as
hereinbefore provided; and 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 promls=ory notes. bea ing
interest at such rate per anntsin rs the directory
may elect, and made payable III gold or the law
full money of the United States at such times and
places as may be deemed most to the advantage
of the corpora ions and tor securing the pay
ment of said bonds or notes, to mortgage and
d. ~ fol CT
ate franchises and any Of its real or personal
property, or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS.
SEQ l. The corporate powers of this Comps.
nv shall be vested IN a 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 (10) shares OF the capital stock OF
said Company Directors shall be elected an
nually, and continue i'll 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 Oh 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 regulations,
and from time to time alter, amend ana revoke
the same as they shall see fit touching the govern
mcuI Hdlu t0IupdUN, tllt LfdlsleT VI It's stOchs
the election of its officers the management and
disposition OF its business, property and effects,
the powers and conduct OF its eff ceis and agents.
ana all other matters which shall III any way per.
tam to the concern OF the Company.
SEC. 2. All election for directors shall be by
ballot, and every stakeholder shall be emit; led
to one vote in person or by proxy for each share
of stock held by him for ninety days 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 ma jority vote Of stockholders in
interest at any regular meeting, provided the num-
Der shall not be less than seven nor more thar
fifteen.
ARTICLE V.
STOCKHOLDERS MEETINGS.
SEC. l. Stockholders meetings may be called
st any time by The Board of Directors and on the
requistlon of the holders Of one-Lifth of the
capital stock issued it shall be their duty to CALI
such meetings for the purpose Of amending 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 maj orty OF the 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 al a gem
meeting convened for that purpose with the as.
sent OF three-fourths Of the stock OF the CON-
pany and tive thirds Of the stock represented at
such meeting, and in case OF such dissolution
the liquidation shall be conducted bv three COM
missioners elected by ballot a. such meet ng. Ii
the termination of this Charter, the Liquidation
shall 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 ny Office, in ths
presence OF Andrew j. Armstrong and John W.
Hunter, lawful witnesses residing in this city,
Who have hereunto signed their names as such
ogether with the said appearers and me, sale
notary, on the day, month and year herein irst
written, after reading the whole.
(Originsl signodl G. W. Il. BAYLEY,
J. A. GIRDNER,
GEO. JONAS,
JULIUS WEIs,
HU, KENNEDY,
DAVID WALLACE,
f. b. WHEELOCK,
E. L. RANLETT,
JOHN H. KEHNARD,..
CYRUS BUS.EY.
JOHN rA sGT +: q Co.
W. b. SCHMIDT.
SAM'I II. KENNEDY,
A. j. ARMSTRONG;
JOHN ". HUNTER.
J. G. EUSTIS. Notary Public.
l, the undersigned Deputy Recorder of Mort
ages IN and for the parish of Orleans CITY o.
ew Orleans Orleans, do hereby certify that he above.
nu ~ FOREGOING act OF incorporation OF the sNew
~ Pacific Railway Company" was this day
nly recorded IN my office, according to law in
ook ll0, folios 626, 627, 62S, 629, $50, 63l anG
New Orleans, June 20, 1875.
'Ofi8nlai slgned.) @. DARCANTFL,
Deputy Recorder.
certify the above and foregoing to be trpa
"a correct copy of the original charter and Ger
ncate OF recordation thereof, now extant in ms
lrrent 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. q. EUSTIS, Notary Public.
lSo IS Carondeiet street
Mrs. Ii. 4. Elliott.