The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1881-06-08
CONSOLIDATED.
THE NEW ORLEANS PACIFIC RAILWAY MEX
GED WITH THE TEXAS AND
PACIFIC.

According to the published notice
there was meeting of the stockhoid-
ers of the New Orleans Pacific Railway
Company held at their office, on Camp
street, on Monday, May both. After
the meeting bad been called to order,
on motion of w. w. Howe, Esq, j. II.
Kennard, Esq, was unanimously cleo
ted President. Mr.. w. B. Schmidt then
nominated w. S. Nicholson as Secre'
tary, and he was elected without a dis
senting voice.
The meeting had been called for. the
purpose of voting upon the proposed
consolidation of the New Orleans Pa
cific road with the Texas and Pacific,
and the commissioners of election,
Messrs. 1. W. Patton and P. E. Burke
were present aud took their seats.
The voting was then proceeded with,
and at 2 o'clock the poll was closed.
On counting the votes it. was found
that all were in favor of the consolida-
ton. The following was the resolu-
ton voted upon, which was carried -
Whereas, 1t is desirable pursuant to
the laws of Congress, of tho State of
Texas and of the State of Louisiana,
that the New Orleans Pacific Railroad
Company should consolidate itself will,
the Texas and Pacific Railroad Compa-
ny by merging its rights, power and
privileges into those Of the said Texas
and Pacific Railroad Company in order
that the last named company may not
only possess and exercise it own char
ter, power and privileges, but also in
addition those of the New Orleans Pa
citic Railroad Company as far as it may
be found necessary and desirable
Now therefore, be it
Resolved, By the stockholders of the
New Orleans Pacific Railway Company
convened at special meeting called
| for the purpose Of considering the sub.
ject, after due notice of more than six.
ty days in the manner provided by law
and over three-fourths of all the stock
OF the company represented at the
meeting
First--That consolidation of the New
Orleans Pacific Railway Company i!
hereby agreed upon, and shall b. eff
fected upon the following terms ant
conditions, namely: that the New Or
leans Pacific Railroad Company shall
receive from the Texas and Pacific Rail
road Company share for share Of it
capital stock of 800 per share issued
or to be lawfully issued, that Is to say
the Texas and Pacific Railroad Compa
ny shall deliver to the New Orleans
Pacific Railroad Company, or to sucf
persons as the latter shall direct, on,
share Of its capital stock Of 500 PEI
share for each share of the capital stool
of the New Orleans Pacific Railroad
Company now outstanding or hereafte
to be lawfully issued, when as trans
ferred to the Texas and Pacific Rail
road Company. ~
Second--That the President of tn
New Orleans Pacific Railroad Compan,
be and is hereby authorized to carry In
, to effect such consolidation at any tim
within twelve months from this date
and for that purpose to sign, execut
! and deliver all necessary acts, deed
and documents to effectuate and evi
dence such consolidation and to max
/ such exchanges of stock.
Third--That the resolutions adopted
contracts made and acts done up to thi
, time by the President and Board of Di
9 rectors Of the New Orleans Pacific Rail
road Company be and the same ar
hereby approved, ratified and con
frmed.
Resolved. That this meeting of stock
!, holders be now adjourned until Monday
the twentieth day of June, 1881, at II N
II New Orleans Democrat.