New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-02-05

And joint resolution relative to the founding OF
soldiers Home for the State of Louisiana.
He also requested the signature of the
President of the Senate to House enrolled bill en-
titled " an act to provide for the payment OF men,
bers, officers and contingent expenses of the Cen
| eral Assembly of the State of Louisiana which
| received the signature of the President of the
Senate. and was, by the Secretary, returned to
| the House of Representatives.
By the same message, the Senate was informed
that the Speaker of the House had signed Senate
enrolled bills of the following titles to-wit:
An act to authorize the police jury Of the parish
of st. Mary to reduce the number of police jury
wards of said parish to five, and to fix the limits of
the same.
Law, late Sheriff of the parish of East Felciana.
And an act to provide for the election of parish
and district officers throughout the State.
Which bills received the signature of the Presi
dent of the Senate, and were by Mr.. Brusle, from
the Committee on Enrolled Bills, submitted to his
Eycellency the Governor for his approval and
signature.
SENATE BILL PASSED.
On motion of Mr.. Gordon, the rnles were sus
pended and the Senate proceeded to the consider
alton of Senate bill entitled an act to authorize the
lease of the new Canal.
Onmotion of Mr.. Kenner, the original bill for
which the above is substitute reported by the
Finance Committee of the Senate, was ordered to
lie on the table.
The substitute was then taken up and adopted
section by section it underwent its second and
third readings, it passed, and the Secretary was
directed to request the concurrence of the House
therein -
UNFINISHED BUSINESS.
The Senate resumed the consideration of the
unfinished business of yesterday, being Senate bill
entitled act for the organization Of corporations to
engage in factorage and commission business or
in agricultural operations.
The pending question being the adoption of the
the first section of said bill.
SECTION l. BE it enacted By the Senate and
House Of Representatives Of the State Of Louisi
ana in General assembly Convened, That it
shall be lawful for any number of persons, notices.
than six, on complying with the provisions follow.
ing, to form themselves into and constitute cor
poration for the purpose of engaging in factor
age and commission business and in agriculture
but no corporation shall be organized under this
act with capital stock of less than one million of
dollars, nor any corporation so organized be
to commence business before five hun
lred thousand dollars in cash of its capital shall
be actually paid in.
Mr.. Gordon moved to amend the first section by |
striking out therefrom in the twelfth line the words
one million off, and by inserting in lieu thereof
he words " five hundred thousand" and in the
ourteenth line to strike out the words " five hun
lred,n and by inserting in lieu thereof the words |
two hundred and fifty"
Mr.. Foute moved to lay the bill on the table,
which motion was not agreed to.
The question REQUIRED on Mr. Gordon's amend
nent, and the same adopted, and the first sec.
ion was adopted as amended.
The second, third and fourth sections were read
md adopted seriatim.'
Mr.. Victor Burthe in the Chair. I
SEC. S. Be it further enacted, etc., That it shall
oe lawful for the stockholders of any corporation,
1t the general meeting convened for that purpose
% make any notifications, additions or changes
n this act of Incorporation to dissolve it with
he assent ofthree fourths of the entire stock and
my such modification, addition, change or DISCO
ution, shall be recorded as required by the pre-
,eding section.
On motion of Mr.. Palfrey the fifth section was
amended by inserting after the word " incorpora-
tion in the sixth line, the following words, to-wt
' not contrary to the provisions of this act, nor
other objects than those contemplated
by the provisions Of the first section of the same"
Pending the consideration of the fifth section as
amended:
EXECUTIVE SESSION.
On motion of Mr.. Duvigneaud the Senate pro-
,eeded at closed doors to the consideration of
executive business, and after some time therein
pent, the doors were reopened
When, on motion of Mr.. Gordon, the Senate ad.
burned until tomorrow at IL o'cockM
HENRY B. KELLY, ~
Secretary of the Senate.