The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-04
CHARTER.

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not to impair its usefulness to the public unnec-
eesarily: or if temporarily impaired in and during
| 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 De unneces-
sary 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 nsvigable 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 TINS STATE;
any rights, privileges or franchises that any OF
| said parishes, cities or villages, may choose to
grant in reference to the construction, mainte-
nance management and use 1.-THE railroads OF
said company, il depots, cars, locomotives and
its business, within the limits OF such or any OF
said parishes, cities and villages.
Elehth-To appropriate property according 10
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 its route and upon the ground OF such
other railroad, with the necessary t1rn-outs,
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 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
Eleyenth-To borrow money or to purchase or
lease property ON its own credit, for the purpose
of constructing and maintaining said railroads or
establishing continuous and connectlns ines as
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
its corporate bonds or promissory notes, bea ing
interest at such rate per annum as the directory
NAV elect, and made payable i'll 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 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 its real or personal
property, or any portion OF the same.
ARTICLE ".
BOARD OF DIRECTORS.
Sec /. The corporate powers of this Compa-
ny 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 (1O) 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,
resignation or otherwise. The directors 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 al they shall fit touching the govern
ment Of said Company, the transfer OF it's 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-
tam to the concern of the Company.
Sec 2. All election for directors shall be by
ballot, and every stockholder shall be entitled
to one vote in person or by proxy for each shsre
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
the number of directors may be increased or
diminished by majority vote Of stockholders in
rteres. ct any regular meeting, provided the num-
ber shall not be less than seven nor more than
fifteen.
ARTICLE Y.
STOCKHOLDERS MEETINGS,
EEc. l. Stockholders meetings may be called
at any time by the Board Of Directors, and on the
reguisition Of the holders OF one-ffth Of the
capital stock issued it shall be their duty to call
Charter and consideration of and action upon all
other business Of the company, and all questions
arising at such meetings shall be determined by
/ majority OF the stock there present and voting.
SEC. 2. The annual meeting of the stockholders
or the election of directors and transaction OF
he regular business shall be held on the second
Wednesday in January of each year.
ARTICLE vi.
LIQUIDATION.
This corporation may be dissolved at q general
Meeting convened for that purpose with the as
ent OF three-fourths Of the stock of the COM
,any and two thirds Of the stock represented at
uch meeting, and in case Of such dissolution
he liquidation shall be conducted by three COM
nissioners elected by ballot q. such meet, n.y. At
he termination Of this Charter, the liquidation
hall be conducted by similar board of three
to be in the same way elected at
m tjrp nj ba1I go.
he purpose
Thus done and passed, at ray Office, in the
presence of Andrew J. Armstrong and John w.
iunter, lawful witnesses residing in this city,
rho have hereuntO signed their names a. such,
egether with the said appearers and me, said
otary on the day, month and year herein first
1ritten. after reading the whole.
(Origin'l signed> g. w. \. BAYLEY,
ia. GIRDNER,
GEO. JONAS,
JULIUS WEBS,
HU. KENNEDY,
DAVID WALLACE,
+. B. WHEELOCK,
JOHN H. KENNARD,
CYRUS BUs,EY,
JOHN PILLS. 81 + s ca
W. B. SCHMIDT,
SAMl. H. KENNEDY,
A. J. ARMSTRONG,
JOHN W. HUNTER.
l. the undersigned Deputy Recorder Of Mort
ages in and for the parieh of Orleans, city OF
ew Orleans. do hereby certify that The above
40 foregoing act of incorporation of the ''New
r!eans Pacific Railway Company" was this day
uly recorded in my office, according to law, in
ook lis. fohos GIG, 627, 628, $40, $50, 631 and
New Orleans, June 20, 1875
Original signed.) G. DAROANTEL,
Deputy Recorder.
certify the above and foregoi g to be true
"a correct copy OF the original charter and GER
flcate OF recordation thereof, now extant in my
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. g. EUSTIS, Notary Public.
Jy6 IS Carondelet street.
Mrs. H. 4. Elliott,