New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-10-03
LAWS OFfHEsTATg Of LOUISIANA
PUBLISHED BY AUTHORITY
mo. los.
ra AN. ACT
To incoTporate the Northf Tio,isio,a- a,,l

mo. los.
To incorporate the North Louisiana and
Texas Railroad Company.
WHEREAS, The Vicksburg, Shreveport and
Texas kallToad Company did on or abou,
the FIRST day of September, 1857, mortgage
its entire railroad, extending from the Miss
issippl river to. the line ofboundary between
louisiana and Texas, with its rights of way,
lands, property, franchises, rights, appurte-
nances, water stations, warehouses, depots
and depot grounds, and all the buildings,
structures and improvements and the cars,
locomotives, engines, wagons, machinery,
fixtures, utensils, implements and effects
generally of every nature aud description
whatever III use upon said railroad, or in
any way attacked or appertaining to the
same, etc.
And whereas, all of said described pro-
perty, rights, privileges aud franchises were
sold at shertfs sale under an order of seiz
ure and sale granted under said mortgage.
SECTION l. Be it enacted BY the Senate
and House of Representative OF the State OF
Louisiana in General Assembly convened,
That Messrs. John Ray. William r Gordon,
John T. Ludeling, Wesley j. @. Baker,
Francis P. Stubs George c. Waddell.
James L. Horne and VIM. NJ. Pinkard, pur-
chasers ut the sheriif7s sale of the property
OF the Nicksburg, Shreveport and Texas
Railroad Company, on the third day of Feb.
ruary, 1866, be, and they are hereby de
cared to have all the rights and powers
which the Nicksburg Shreveport and Texas
Railroad Company thad, and such others us
are herein granted. They may sue and be
sued, plead and be implicated, and do and
perform all other acts AID exercise all the
rights and privileges incident to corpora
ton.
oEC. 2. Be it further enacted, ETC., That the
persons aforesaid, and their assigns, are here.
by specially created into a body corporate
and polite for the purposes Of constructing,
maintaining and operating a railroad and
magnetic telegraph on the line thereof
from the Mississippi river in the parish of
Madison, westward through the parishes of
Ouachita and Caddo 10 the Texas State line.
The said road to be used for the purposes Of
transporting freight of every kind, and pas
sengers. The railroad shall be constructed
on such scale as shall serve for a main
trunk of continuous line of communica.
tions westward to the Pacific ocean.
SEC 8. Be it further enacted, etc., That the
name and title OF said corporation shall be
The North Louisiana and Texas Railroad
Company" and its domicie shall be in the
town of Monroe, in the parish of 0uachita,
State of Louisiana.
SEC. 4. Be it further enacted, etc, That
the capital stock OF said COMPANY is fixed
at six millions of dollars, divided into sixty
thousand shares Of one hundred dollars
each.
SEC. ). Be it further enacted, etc. That
the business of the corporation shall be
conducted at its domicile, in the town of
Monroe, in the parish OF Ouachita State of
Louisiana, by q Board OF Directors. The
Board of Directors shall be composed of
nine stockholders, five of whom shall con-
stitute quorum for doing business.
SEC. 6. Be it further enacted, ETC., That
the President Of the company is the officer
designated as the person on whom legal
service OF all process against the COMPANY
may be made, and said service may be made
on the President in person, or left to his adj.
dress, at the office of the company at its
with any of its officers.
SEC. Z. BE it further enacted, etc, That
the Board Of Direcrors shall be chosen BY
the stockholders at the domicile of the COM
pany, annually, on the first Monday in DC.
tober. But failure to elect Directors at
but the Board in office
b ell continue to exercise its
functions until new Board can be elected.
all meetings of stockholders shall be noti-
tied by publication thirty days In advance
thereof in newspaper published at the
domicile of the corporation. The first cleo.
ton OF Directors shall be held by three Com
iuiSalOACloi " DC GlCClGu Ny Iut STOCK
holders within ninety days from the promul.
cation of this act. All subsequent elections
shall be held by three commissioners to be
appointed by the Board of Directors. Ia
all elections by and at all meetings of the
each share shall be entitled to
one vote. Votes may be cast In person or
by proxy. A majority of the votes cast
shall be necessary TO elect. Any vacancy In
he Board of Directors may be filed by the
Directors.
SEC. S. Be it further enacted, ETC., That
he Board of Directors shall elect one of
heir body President of the Company, and
hey shall elect Secretary and Treasurer
rom among the stockholders of the
company. These officers shall be
Elected annually on the first Monday of
october, but in case of failure, to hold an
election on said day, they shall continue in
'tfice until their successors are elected and
qualified, The Board of Directors shall re-
luire the Treasurer to give bond and secu-
'ity in such amount as may be fixed BY the
bylaws 0fthe company. They shall have the
light to fix the compensation ofthese officers
nd to remove any of them by vote of
hree fourths Of the Board OF Directors.
Sec. .. Be it further enacted. etc, That
he President and Directors of said Corpora
ion shall have power to do everything ne
essary for the construction, repair, main |
enance and operation Of the railroad 4
toresaid, with as many tracks as may be
necessary; to determine the terminus there.
# on the Mississippi river, and the location
# the railroad westward through Ouachlia
md Caddo parishes to the Texas State line;
md to make or construct all works what
oeycr, which they may deem neces.
nd working Of said railroad. They
hall have the right to construct and use a |
magnetic telegraph aiong the line of said !
They shall have the power to |
make all contracts necessary for the pur-
oses aforesaid, and to purchase all property |
eemed to be necessary or useful for the |
purposes of tie company. They shall have |
he right to appoint policemen to preserve |
rider and protect the interest of said COM |
ANY on said railroad, and said policemen |
hall nave all the powers and authority |
ested in policemen in the city of New Or. |
cans. They shall have power to buy or accept |
he conveyance or lease of the charter and |
roperty Of any railroad company, within or
Vithout the limits of this State, and to make |
ii contracts in relation thereto which they
nay deem necessary. They shall have the
over TO accept all donations made to the
ompany. They shall have power to bor-
ow such sums Of money as may be required |
or the construction of said rail-
Dad, provided that the amounts Dor.
owed do not exceed six millions
( dollars; and to secure said loan or loans
y mortgaging the property OF the coMpa-
y, real or personal, In whole or in part, as
$ well as all the franchises, rights and
OF this corporation; and 1t shall |
My be necessary to record the mortgage or
Mortgages executed by the company In the
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