The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-09-19

;c;l once week at least, for thirty days,
but Il shall not be necessary to publish the
names of the subscribers, and any subscriber
NAV present, the said charter and subscrip-.
tons for record with recorder of mort
cages as Aforesaid.
SEC. S. Be It further enacted, &c., That it |
shall be lawful for the stockholders Of any
corporation, at the general meeting conven'
ed for that purpose, to make any modltca.
tions, additions or changes In their act OF
incorporation. or to dissolve the corporation,
provided such modification, addition, change
or dissolution, shall receive the assent OF
three fourths Of the stock represented at
such meeting and provided further that any
such modification, addition, change or dis
solution shall be recorded as is required by
the fourth section of this act.
SEC. 6. Be It further enacted, &c., Ihat
anv corporation established under this act
shall forfeit its charter for insolvency, EVIL
denced bv return of no property found on
execution against, such corporation and that
in such case it shall be the duty Of the dis
trict court, Of the district Of such corpora
tion. at the instance of any creditor, to de-
cree such forfeiture and to appoint COM
missioner for effecting the liquidation,
whose duty it shall be to convert all the as;
sets Of the company, including any unpaid
balances due by stockholders, on their
shares, into cash, and to distribute the same
under the direction Of the court amongst
the parties entitled thereto in the same
manner, as near as may be, as is done In
cases of insolvency of individuals.
Sec. I. Be it further enacted, &c That no
rail road plank road, nor canal shall be con-
structed through the street Of any incorpo-
rated CITY or town without the consent OF
the Municipal council thereof and such con-
sent once obtained shall not be withdrawn
during the term of the character.
Sec. s. Be it further enacted NC, That nc
stockholder in any corporation organized
under this act shall ever be held liable OF
responsible in any manner for the contracts
or faults of such corporation in any further
sum than the amount Of any unpaid balance
due to the company on the shares owned
bv such stockholder, nor shall any mere in.
formality in organization have the effect Of
rendering character null or of exposing
stockholder to any liability beyound thu
amount of his stock provided the provisions
Of this act have been substantially completed
with. :.
Sec. 9. Be it further enacted &c That i,
all cases when rail roads plank roads o
canals shall cross any high way the corpo
ration shall SO construct said works as no
to hinder impede or obstruct the safe an!
convenient use of such highway and in al
cases where rail 1oads plank roads or canal
shall be constructed or dug across any plan
tation or land in cultivation or that ma.
be cultivated the corporation shall so con
struct said work as not to hinder impede o
obstruct the drainage OF said land nor shat
any privilege herein granted be SO con
structed as to authorize or empower an.
corporation to hinder or impede or offe
any obstruction to the drainage of any land
through which any rail road plank road O
canal NAV be constructed after the con
struction of said work and if any rail roa
or plank road shall in its course cross an
tide waters or navigable rivers or stream
the company may erect tor tne sole an
exclusive use Of such rail road or plan
road the bridges required for crossing D!
such bridges shall be SO construed Is not
.obstruct or necessarily impede the navlgs
ton of said waters or streams.
Sec. 10. Be It further enacted &c That tn
provisions OF the act entitled IAN act
provide for the organization of corporation
in this State approved sixteenth Of Marc
eighteen hundred and forty eight shall nj
be SO construed as to apply to any corpor'
tons established under this act.
JOHN e. KING,
Speaker of the House Of Representative
]. B. PLAUCHE,
Lieut.. Governor and President Of the Sepa
Approved March 10th, 1852.
JOSEPH WALKER
Governor of the State of Louisian