The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-08
CHARTER.

nos 70 - = tsmnorsrily impaired 81 and during
tha cnnstruction Of the slid railroads, tno oaa0
COMPANY shall restore the Same e ite nOEmes
state. or to such state that IL usefulness ana
CONVENIENCE to me guDne s sn1 ths ala
shali not be required to construct Draw y ~
hr;doe over and across any stream or bayou
EXCEPT streams navigable by enrolled ana v
censed vessels, and when required ~ lew.
fn, env parish. CITY or village within this State
anv RIGHTS. privileges or franchises that any %
said parishes, cities or villages, may choose .
Grant in reference to the c0nstrucuon, ms.nso
nance management ana use saS rsa ~. =
its business. within the limits OF sucn or any y
said parishes. cities and villages. :.
Eighth-To appropriate property ACCORDING %
existing laws. 1865 ,;.. a..
RAILWAYS. and prorste with any other raimoe0
heretofore or hereafter constructed IN the ctsso
of Louisiana, or any other State, at any P0ans
upon it's route and upon the ground OF sucn
other railroad, with the necessary uin-outss
sidings. switches and other conveyancee. u
furtherance Of the objects Of its Connections
Tenth-To purchase or lease from any rallroao
company or corporation, at any authorized saios
any railroad. and the charter, franchises, prop
erty and appurtenances thereof and MAINTAIN
and use the same as Q part Of the property o.
Eeyenth-To borrow money or to purchase OF
lease property on its own credit, for the purpose
of constructing and maintaining said railroads q
Establishing continuous and connecting lines -
hereinbefore provided; and as evidence OF the M
debtedness OF said company for such loans, or
the purchase or lease OF such property, TO issue
it's corporate bonds or promlssory notes, Dea.m8
interest at such rate per annum as the directory
NAV elect and made payable In gold or the law.
fail money of the United States at such times ana
places as may be deemed most to the advantage
of the corporations, and for securing the pay.
l., v1ot0n tn t6yQ
pledge it's railroads. it's capital stock, it's corp0r.
ate franchises and any OF its real or personal
property, or any portion OF the same.
ARTICLE ~.
BOARD OF DIRECTORS.
sro. 1. The corporate powers Of this Oompa-
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 rom tune 10
time be appointed by such board. No person
shall be director who is not the actual owner OF
at least ten lO) shares of the capital stock OF
said Company. Directors shall be elected an
nually, and continue in Office until others are
fill vacancies in their number caused by death,
resignation or otherwise. The directors shall
elect one of their number as PrcGident 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 An0 revoke
the same az 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 it's business, property and effects.
the powers and conduct OF its 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 days prior to
such election.
SEC. 8. seven of the directors shall constitute
q quorum tor 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 not be less than seven nor more than
fifteen.
STOCKHOLDERS MEETINGS.
SEC. 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 b their duty to can
such meetings for the purpose Of amending this
Charter and consideration Of and action upon N
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 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 ct general
meeting convened for that purpose with the ~
sent OF three-fourths Of the stock of the COM
such meeting, and in case Of such dissolution
the liquidation shall be conducted by three COM
missi6ners elected by ballot 1t 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 q
q general meeting of stockholders convened for
the purpose.
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.
tOrigin,l signed) g. W. B. BAILEY
J. A. GIRDNER.
GEO. JONAS,
JULIUS WRIS
HU. KENNEDY,
DAVID WALLACE.
H. B. WHEELOCK.
E. L. RANLETT,
JOHN b. KENNARD,
CYRUS BuscEY
JOHN rAas III r = 0''
w. B. SCHMIDT.
SAML 81. KENNEDY.
a. J. ARMSTRONG;,
JOHN W. HUNTER,
JIG. EUSTIS, Notary Public.
l, 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 s'New
duly recorded in my Office, according to law, in
632.
New Orleans, June %, 1875.
Original signed.) @. DARCANTEL.
certify the above and foregoice to be- = true