The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-28
CHARTER.

the construction Of the said railroads, the said
. company shall restore the Same to its former
state, or to such . state that its usefulness and
CONVENIENCE to the public shall not be unneces-
sarily impaired or injured, and the said company
shall not be required to construct draw in any
bridge over and across any stream or bayou,
except streams navigable by enrolled and u
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 t.
grant in reference to the construction, mamie.
nance management and use 1.-THE railroads Of
said company, depots, cars, locomotives and
it's business, within the limits of such or any OF
said parishes, cities and villages.
Eighth-To appropriate property according to
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 point
upon it's route and upon the ground OF such
other railroad, with the necessary tnrn-0uts,
sidings, switches and other conveyancee, In
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.
erty and appurtenances thereof and maintain
and use the same as part OF the property Of
this COMPANY.
lease property on it's own credit, for the purpose
Of constructing and maintaining said railroads or
establishing continuous and connecting lines -
hereinbefore provided; and as evidence of the in
| debtedness OF said company for such loans, or
the purchase or lease OF such property, to issue
it's corporate bonds or promissOry notes, bearing
interest at such rate per annum as the directory
may elect, and made payable in gold or the law.
places as may be deemed most to the advantage
Of the corpoI atoms, and for securing the pay
ment of said bonds or notes, to mortgage and
pledge lis railroads, its capital stock it's corpor
ate franchises and any OF its real or personal
property, or any portion of the same.
| ARTICLE ".
| BOARD OF DIRECTORS.
| SEQ. /. The corporate pswers Of this Comps-
ny shall be vested in q 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 in Office until others are
elected to fill their place, and shall have power to
fill vacancies in their number caused by death,
elsct 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 and revoke
the same they ehal 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.
anu 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
of stock held by him for ninety days prior to
such election.
SEC. 8. Seven Of the directors shall constitute
a quorum for the transaction OF business, and
Al - H.
diminished by majority vote Of stockholders in
interest at any regular meeting, provided the mum.
Der shall not be less than seven nor more than
fifteen.
ARTICLE v.
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 be their duty to call
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 majority 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 at Z general
meeting convened for that purpose with the a.
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 conn
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 at
!. general meeting Of stockholders convened for
the purpose.
Thus done and passed, at nay Office, in the
Y,roc IF AM II ArvVao tr I'll U
Hunter, lawful witnesses residing in this city.
who have hereunto signed their names 40 such.
together with the said appearers and me, said
notary, on the day. month and year herein first
written, after reading the whole.
Originsl Signed) G. W. X. BAYLEY
ia. GIRDNER,
GEO. JONAS,
JULIUS WEBS,
HUI. KENNEDY,
DAVID WALLACE.
E. B. WHEELOCK,
E. L. RANLETT,
JOHN Il: KENNARD,
CYRUS BUSsEY,
JOHN pa aR{ +; . Co.
W.B. SCHMIDT,
SAM'L 81. KENNEDY,
A. ]. ARMSTRONG.
JOHN W. HUNTER. =,
J. g. 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
Orleans Pacific Railway Company" was this day
duly recorded in my Office, according to law, in
book 118. folios 626, 627, 628, $40, $50, 6S1 and
$780,
New Orleans, June 20, 1875.
Original signed.) @. DAROANTEL
Deputy Recorder.
certify the above and foregoing to be true
and correct copy of the original charter and GER
tificate OF recordation thereof now extant in my
current register.
In faith, Whereof grant these presents under
ny hand and the impress of my official seal, this
Sd day Of July, A. d. 1875.
J. G. EUSTIS, Notary Public.
jy6 IS Carondelet street.
Mrs. III. +. Elliott.