The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-03-27
THE NEW ORLEANS DEMOCRAT WEDNESDAY, MARCH a. 1873,

l., EDN ESUAl, MAhOd
as the directors Of said company may deem
to be most expedient and to the welfare OF
said corporation.
iSecond-To take, transport, carry and con-
vey persons and property upon Its said rail-
way, by steam or other power, and to receive
for bookkeeping and to store merchandise and
property in its yards or warehouses, and to
| receive for such transportation bookkeeping
| or storage such tolls and charges as from
| time to time may be established or author
lied to be established by directors Of said
railroad company.
Thtrd--To obtain and receive by purchase
sonal property, and for the purchase of lands
| to issue stock certificates in payment thereof,
at such valuation as may be agreed on by
the directors OF said company and the own
| ers of said land.
Fourth-To obtain, by grant or otherwise,
from any parish, city or. village, within the
State, any rights, privileges or franchises
that any Of said parishes, cities or villages
may choose to grant, in reference to the con-
structon or maintenance, management and
use Of the railroad, It's depots, cars, locomo-
tives and its business within the limits Of
such or any Of said parishes cities and viii
lagos:
rim. To appropriate property according
to existing laws.
Sirth-1o purchase or lease from any rail-
road company or corporation, at any author
lied sale any railroad and the charter, fran
chises, property and appurtenances thereof,
and maintain and use the same as part OF
the property of this company.
| oerenth-TO borrow money or to purchase
or lease property on It's own credit for the
purpose OF constructing and maintaining said
| railroad and as evidence of the Indebtedness
Of said company. for such loans or the pur-
chase or lease of said property, to issue its
corporate bonds or promissory notes, bearing
interest at such rate per annum as the
nJn II,
gold or United States currency, at such times
| and places as may be deemed most to the ad-
vantage OF the corporations, and for securing
| the payment of said bonds or notes to mort
gage and pledge it's railroads, it's capital
stock, its corporate franchises, and any OF it's
real and personal property, or any portion
| Of the same.
! ARTICLE TWELVE.
Seven of the directors shall constitute a
quorum for the transaction OF business.
| ARTICLE THIRTEEN.
After the first election the election OF direc-
| tors shall be held annually on the first Mon
day in November of each year.
ARTICLE FOURTEEN
The seal OF the company shall be the seal OF
| the State of Louisiana, except that the words
'State of Louisisna" on said seal of Louis
iona shall be erased and the words "Red
| River and Mississippi Railroad Company
substituted for said words.
| ARTICLE FIFTEEN.
The affairs of the company may Mt any
time be put into liquidation by vote OF
three-fourths of the stockholders OF said
company, and the board of directors, upon
said three-fourths vote being made In favor
of said liquidation, shall at once elect three
stockholders to liquidate and finally settle
its affairs according to equity and the laws OF
| this State.
port, Louisiana, in the presence of the sub
SCribing competent witnesses, on the day and