The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-09-24

| company Is empowered and authorized to Dur.
chase or lease from any railroad company or cor.
poration its railroad. and the charter, franchises.
property. and appurtenances thereof, and main.
tain and use the same as part Of the property of
said company, and the said company il also an
tborized and empowered 10 enter into any mutual
contract with any other railroad or company or
corporation by which the capital stock and nro
perry Of said other company or corporation shaIl
become merged and consolidated with this said
company, and into one Joint and common stock
and be and exist as one company, protesting and
enjoying all the powers, franchises rights and
privileges granted to or vested in each and Ali of
the companies so consolidated and united by the
State Of Louisiana, or by other States through
which the railroad Of said company so eonsslida.
ted and united may pass, the provisions of auy
statute heretofore passed by the State of Louisi.
ana to the contrary notwithstandine
SEC. IL. Be Il further enacted etc., That said
company is authorized and empowered from time
10 time to borrow money or TO purchase property
upon its own credit, for the purpose of construot
ing and maintaining said railroads, or establishing
continuous or connecting lines Of railroads "a
heretofore and in its act of incorporation provided
and as evidence of the indebtedness of said com.
psny for such loans or the purchase of such pro-
perry, may issue its corporate bonds or promis-
sorry notes. bearing interest at rate not TO exceed
eight per cent: per annum and to secure the
payment OF said bonds and notes. may mortgage
its railroads, its capital stock its corporate fran.
chises, and any OF its real personal property or
any portion Of the same; and il may, by its presi.
dent or other officers or agents duly authorized by
it's directors, sell, dispose of, or regulate such
bonds and notes, or may sell, dispose of. or nero
tate its capital stock; said capital stock being
declared 70 be personal property aud transferable
as such, or any OF its personal property, at such
times and places, and at such rates and for such
prices, either within without the limits of this
State as in the judgment Of said company or its
directors will best advance its interests and il
such bonds, notes, or stocks are thus sold at a
discount. such sale shall be In al respects valid
and binding upon this conn any and sach stocks
be nds, or notes shall be as valid for the par value
thereof IS If the same had been sold at par value.
SEC IL. BE further enacted, etc., That the
said company can sue and be sued in courts of
The state OF Louisiana Of competent jurisdiction.
ard in such manner and form only as corporations
OF the State OF Louisiana can and be sued ;and
service OF process in any action against the said
company can be made only by service of the
same upon either the president the secretary
treasurer, or any Of the directors of said company
or upon the company agent resident in the city OF
New orleans, In the State OF louisiana and desig.
mated BY the company to receive such service:
and II shall be the dnty of the company to desie.
nate one OF its agents residing in the said city of
New Orleans as the agent upon whom such ser |
wee OF process can be made, and to give public no.
tee thereof by advertisement for four consecutive
weeks, IN newspaper published in the city of |
New Orleans and like public notice shall be |
given whenever any change is made in such |
agency.
SEC. Is. And be Il further enacted. et,.. That |
II any person or persons shall willfully do, or |
cause 10 be done any act or acts Whatever where.
by any building, construction, or works of said |
or any engine, machine, or structure, or
any matter or thing appertsining to the same,
shall be stopped obstructed, weakened, injured, /
Or destroyed, the person so offending shall be /
deemed guilty of misdemeanor, and shall forfeit
and pay to the said company, double the amount
81 damage sustained by reason of such ofenses or
injury, TO be recovered in the name of said com.
pany, with costs of suit by action of debt; and
such offenders shall also be subject to Indictment
md shall be sentenced, on conviction, at the dis
'retion of the court, for period not exceeding
.iRhtehn months.
SEC. Ia. Be Il further enacted, etc., That this
let shall be favorably and literally construed, so
Is to favor all the purposes and objects of the
sme, and the operations Of the provisions there.
#.
(Signed) CHAs. W. LOWELL.
Speaker Of the House of Representatives.
lSignedl OSCAR j. DUNN,
Governor and President of the Senate.
Approved August 10, 1865.
(Signed) II. C. wARMoTH.
Governor Of the State of Louisiana,
true copy:
GEO. E. BoyEE,
Secretary of State.