New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-01-25
Volume XIV.

XIV.
referred to the Judiciary Committee. By
the first section, the corporations must con
sist of not less than six persons, and have capi
tai Of not less than one million Of dollars, of which
one-half must be subscribed before commencing
business. By the second section, the duration OF
the corporation is limited to twenty-five years,
and the usual corporate privileges are accorded.
BY the third, the charters are required to give
all particulars of name domic object, representa-
tive officer, capital, number of shares, mode of
election of directors and mode of liquidation.
By the fourth, charters are required to
be recorded and published for thirty days.
By the fifth, stockholders representing three
fourths Of the stock represented at meeting may
alter or dissolve the corporation By the sixth in
solvency forfeits the charter, and provision ia
made for liquidating the affairs Of the corpora
ton By the seventh, the liability Of the stock
holders is limited to the amounts due on their
shares and no mere formality is to invalidate the
charter or extend the stockholders liability. By
the eighth, privilege is given for all advances,
supplies, etc., for the year last past, and SO much
as is due of the current year. on the product Of
the last year and the crop of the present year.
The ninth and tenth clauses enforce the act from
time of passage, and repeal inconsistent laws.
+ On notion under the suspension of the rules,
the following bills were read first and second
time and referred to the Judiciary Committee
Mr.. BRUSHES act to amend and re-enact section
of the act relative to sureties approved March
Is, 1866; Mr.. Wilcoxon's acts providing for
the drawing of jures in the parishes OF st.
Martin and Vermillion, comforting additional
powers on clerks of district courts and relative to
seizures and sales.
Mr. Taylor presented bill providing for the
election of district and parochial officers through
out the State 1t was read first time, and under
suspension of the rules taken up for second read
ing 1t provides that the Governor shall issue his
proclamation ordering general election in thirty
days thereafter.
Mr. Gibson said that on the general subject Of
elections there general purpose in the Senate
which would probably succeed, and render this
bill unnecessary. The intention was, he believed,
to pass a measure providing for the calling con-
venton. Ifhe understood the effect of calling
yention, it would do away with all officers pre-
viobsly elected or appointed, and at present
exercising their functions. 1t seemed to him,
therefore, atitwoud be not only unnecessary but
useless to pass bills for the purpose of authorizing
elections in the meantime, merely to do away with
them Immediately afterwards. If we are to have
Convention why not do away with other election
| measures? He was averse to the multiplying OF
| legislation. He had always been an advocate for
| the calling of Convention, and he believed the
people of the State desire it, and that the interests
of the State require it. If he was in error in these
views, he would be ready to vote on this measure,
as he thought the people ought to be allowed to
vote and dispose of their offices as they desired.
| But if there was to be Convention, there could
be no use in having this election ordered.
The bill was then read a second time and referred
| to the Judiciary Committee.
| Mr.. Mohan presentedfa joint resolution providing
for an election of municipal officers for the city OF
! New Orleans 1t was read first and second time
when the gentleman moved that it be printed and
| made the order of the day for tomorrow at one
I o'clock.
! Mr.. Bell objected that this was too short time
to allow the printing of the bill and its considera
ton by members before dealing with it. He there
fore moved that it be made the order for the day
(, after to-mol row.
Mr.. Mohan wished to lay this motion on the
table. He wished this matter disposed of as early
as possible, because very important matters de
pend upon it. In April next, an election for direc
tors of the Jackson Railroad will take place, and
the city having large vote in it, it was of vita
interest to the city that the present incumbent O
the mayoralty should not be allowed to carry ou
his design of getting that railroad in his grasp, a.
he was trying to do, and as he would succeed il
doing if an election were not previously held. Hi
object was, therefore, to have an election by tht
third Monday in March, so as to check that design
The bill would have to go before the House afte
being disposed of by the Senate, and there was nj
II.-- Jo.r .rlSN 80
sequence. twas we'll understood that the pres
ent incumbent of the mayoralty desired to taxi
the Jackson Railroad out of the hands in whicl
the people had placed it, and turn it, over tt
others, perhaps to foreigners.
On division, the motion to lay Mr.. Bells mo
ton on the table was lost.
Mr.. Bells motion was then put and negatved.
Mr.. Mohan's motion to print and make the spe
cial order of the day for tomorrow was then pu
and carried.
Mr.. Burthe, on behalf of Mr.. Duvignaud, VIII
was absent, presented bills relative to legal ant
judicial advertisements in the parish of Orleans
and to create parish courts throughout the State
except in the parish of Orleans. They wer
severaly read first and second time and rcferre,
to the Judiciary Committee.
Mr.. Lapeyre presenteda a bill, which he stated ha
been before the Senate at the late extra session
, reported on by the Judiciary Committee and re
committed. The Importance and necessity of tn
, bill could not but be apparent and he would NOV
, for a suspension of the rules for the purpose @
having it read first and second time and referre
to the Judiciary Committee. 1t was an act to sus
, pend prescription in certain cases. 1t was rea
and referred as moved.
Mr. Lapeyre gave notice of his intention to brin
in bill providing for the liquidation of certai
banks, which had passed the Senate at the lat
extra session, but failed in the House for want
time.
Mr. Gordon introduced bill providing for tn
= sale or lease of the canal. 1t was read fir
and second time and referred to the Finance Con
, mittee.
Mr.. Scruggs presented a bill to legalze all civ
acts done by civil officers of Louisiana during til
past five years. from the passing of the ordinanc
of secession to the Inauguration of Gov. Wells.
;, was read first and second time and referred t
q the Judiciary Committee.
Mr.. Newton, of Morehouse presented bill fc
the relief of w. T. Hall, which was read first an
second time and referred to the Finance Committee
also, bill in relation to insurance companies
which was read first and second time and IT
1 ferred to the Finance Committee.
Mr.. Ellis presented bills to reorganize inferio