Le Louisianais. [volume] (Convent, La.) 1865-1883, 1868-12-12
SUPPLEMENT
@be fouisianiar,
Saturday.. Dccembcr H., 1855.

the corporation hereby created shall have
power 10 acquire BY purchase OF otherwise
any real estate in the State Of Louisiana,
fronting on the Mississippi river, not exceed
ing i've hundred feet frontsge on3the river in
any one locality. Tbs real estate so obtained
by this corporation shalt moi be subject 10
appropriation for any purpose whatever, so
long as the same shall BE- used for grain
elevators, wavehonses,-- grain dryers, and uses
connected herewith. for storage Of grain and
other commodities, and the said corporation
may erect one OF more wharvcs, grain and
flour elevators, warehouses and grain dryers,
on the lands and wi,arves they may have OBJ.
tanned. and this corporation shall have power
and the privilege 10 connect their elevators,
warehouses and dryers, by . railway track and
switch. with any railway track in this State,
frs, having acquired The right Of way from
individual owners Of property on which il may
pass, and the consent Of the city corporation
thereto; and when so connected, all grain and
other freight consigned 10 this corporation
shall he delivered on said track by The railway
company operating the same, charging Gus
tomary rates.
SEC. 4. Be il further enacted, etc., That
this corporation are 10 so construct their
elevators, warehouses and dryers, .s 10 allow
a connection between any railway company
in this State, giving them a track way over
their ground convenient 10 said elevators.
warehouses and dryers, and 10 so construct
and accumulate the river interest; BY giving
all requisite facilities 10 boats for unloading
grain in bulk or otherwise, and other freight;
and no boat or ship shall be liable for any
wharfage or levee dues to any city for dis.
charging OF receiving any freight consigned
to OF shipped by This company from or To any
foreign OF domestic port at the wharves Of this
company.
Sec. s. Be il further enacted, ETC, That
this corporation shall not col!ec, any greater
charges for storage OF handling than are Gus
tomary and established rates and prices in the
city Of New York, and shall be held respon-
sible for all property in their care, but shall
not be insurers against FIRE and water.
SEC. 6. Be il further enacted, ETC., That this
corporation shall give all necessary receipts,
for all property i~ntrustsd 10 their care, and
shalt deliver the same, when called Tor by the
holders thereof, whiclr receipt shall be ne2o-
table without Endorsement, and shall be
signed by the president ard secretary. and
stamped with the impress Of the seal Of The
corporation, and likewise all other instruments
of this corporation, which srai shall contain
the device OF a sheaf Of wheat and barrel Of
-four.
SEC. 7. Be ii further enacted, ETC., That
the affairs Of this corporation hereby created
shall be managed by a board Of seven di.
%rectors, any four Of whom shall constitute a
quorum for the Transaction of bnsiness. The
persons named in thu first section Of this act
shall form the frs. boari Of directors from tho
date of he passage Of this act until the first
Tuesday in January, 1869, and until their suc.
cessors shalt be elected, which election shall
be held on the frat Tuesday in January Of
each year thereafter, at the office Of said cor.
p%oratien, in the city Of New Orleans, between
the hours Of one and three O'Clock, p. NJ, Of
tha: day, notice having been given in two
daily newspapers in the city for ten days pre-
vious TO tho time Of such election. Each share
Of paid stock shall be entitled 10 one vote in
person OF proxy and the persons receiving the
highest number Of votes shall be declared
duly elected provided tho same shall be a
majority Of all the shares Of the s,ock) direc.
tors for The ensuing year and until others are
elected. It shall b the duty Of the directors
Immediately after the election to choose ono
Of their number President, Secretary, and
Treasurer, who shall serve for one year and
until others are elected.
SEC. 8. Be il further enacted, etc, That this
act be in force and effect from and after it's
passage.
(Signed) CHAS. w. LOWELL,
Speaker Of the House Of Representatives.
(SignedD OSCAR J. DUNN,
Lieutenant Governor and President Of the