New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-08-09

annually; And it is further provided, That
the said railroad company shall have the
right TO borrow money and pledge or mort
gage said railroad, and to secure the pay.
ment OF the Same, not exceeding ten thou.
sa dollars per mile with the force and
{ II c. of first mortgage.
SEC Be it further enacted. etc, That the
bonds SO issued shall be coupon bonds, in
the name of the State of Louisiana, to the
order of the President of the New Iberia
Vermillionvllle, aud Texas Railroad Com
pany, signed by the Governor of the Stale of
Louisiana, countersigned by the Treasurer,
the Auditor of Public Accounts, and the
Secretary of State, aud under the seal of the
State, payable forty years after the date
tnereof, ana bearing interest at the rate of
eight per cent per annuin.
The coupons to be paid semiannually In
New Orleans. Louisiana, or New York, at
the option of the holder, and said bonds
snail be transferable by the endorsement of
the President of the Board OF Directors of
said railroad company.
SEC. 1O. BE il further enacted, etc, That the
Board OF Directors of said railroad company
shall have power to fix the instaliments of
stock to be paid 10, and to declare the for.
ieiture of the stock of delinquent sub
scrlbers after thirty days notice, or compel
payment hy suit, and they also shall have
power to fill any vacancy that may occur
IN their own body by death, resign alton,
or otherwise. The Board of Directors shall
also have the power to determine when the
subscription lists shall be closed or sus-
pended. and to adopt such rules and regula,
tons as may be necessary for the govern
ment of the Company, it's officers. agents
and employees, for the building, working,
repairing, and maintenance of the road,
the making of purchases, sales, declaring
OF dividends, certifying and transferring of
stocks, etc., etc For constructing the rail-
road and furnishing it with rolling stock
and material, and for other purposes the
Board OF Directors shall have full power to
lssne and negotiate their own bonds on
such terms as they may deem expedient.
SEC. IL. Be It further enacted, ETC., That
the Board of Directors may receive such
subscriptions for stock, PAYABLE in lands,
materials, and supplies, to be used on and
TOR said railroad, and they shall have power
90 consolidate with any other railroad
company whose road does or may
hereafter connect with theirs. The
Beard Of Directors shall have power to pur-
chase or lease all the rights, privileges,
aud franchises, cars, and depots, and
rolling stock of the New Orleans, Opelou-
sas, and Great Western Railroad, or any
of Louisiana
SEC. u. Be it further enacted, etc, That
the rights, privileges franchises, and
powers herein granted the New iberia,
Vermtl tllionvile, and Texas Railroad Com
pany shall be and remain in full force and
effect for the term and period of ffly wears
from and after the passage of this act, and
the said State and the said Railroad Com.
pany shall each choose three commissioners.
who may choose the seventh, and in these
commissioners shall be vested full powers to
liquidate the affairs of the New Iberia. Yer.
nationwide, and Texas Railroad Company.
SEc IL. Be it further enacted, ETC., That
an laws and parts of laws conflicting with
TINS act be and the same are hereby re-
pealed.
SEC. IA. Be it further enacted, ETC., That
this act shall take effect from and after its
passage.
Mr.. Lynch asked for suspension of the
rules to take up Senate bill No. IS. an act to
regulate proceedings in reference to persons
claiming the benefits of article ninety.nine
of the constitution of the State, concurred
in by the House with an amendment.
The amendment was read as follows:
SEQ. 3. No person shall be required to
make the above recantation who prior to
the first of January, 1868 favored the execu
ilpn OF the laws OF the United States popu-
larry known as the reconstruction acts of
Congress, and openly and actively assisted
the loyal men of the State in their efforts to
restore Louisiana to her position in the
Union. The oath of such person before any
authority authorized to administer the same
shall be priina Jdcie evidence of the fact.
Sec. 4. This act shall take effect from
and after its passage.
MIR. Packard asked for suspension of the
rules to take up on it's third reading Senate
bill No. 81.
On motion of Mr.. Ray the amendment
was concurred in. .....-.
On motion of Mr.. Ray, Mr.. Lynch was
| granted leave of absence for fifteen days,
On motion OF Mr.. Coupland Mr.. Thomp.
son was granted leave of absence for five
days.
An act creating board of registration to
superintend the registration of the qualified
| electors of the State.
The rules were suspended and the bill
| read.
On motion of Mr.. Packard the bill was
finally passed as amended, and adopted by
| its title.
Mr.. O'Hara asked for a suspension of the
rules to take up Senate bill No, :, joint res
olution authorizing Thomas W. Conway,
Superintendent of Public Education, to
rent an office and to employ an assistant
| and a clerk.
The rules were suspended.
Pending the reading of the bill call was
made for an executive session.
The Senate went into executive session.
The executive session having been raised,
| the Senate adjourned.
In the Senate on Friday, the seventh, in
reply to the remarks of u. Jewell, Nj.
/ Poindexter said:
Mr.. President. the gentleman has read an
article which speaks of aristocracy. 1t was
| the cruelty of men who we're formerly in
the ascendancy that drove away everything
like true nobility and the aristocracy Of
manhood.
| Since the Democratic party was defeated
| in my dis rict claim that represent both
| Democrats and Republicans, aud desire to
| do it honestly. Does the gentleman sup.
pose that we have not human feelings with.
| in us although we may be uneducated? He
has citci q case Of amalgamation as being
an outrage upon decency. But, sir, such
| things have been regarded as no crime or
stigma when not done under the sanction
| of marriage. These gentlemen who cry out
agalast miscegenation are willing to cohabit
with colored women, but not to marry
them.
And, sir, / can tell the gentlemen that we
are not led by any one, as he asserts. We
give our votes for our own benefit and un.
derstandingyl, mot for the benefit of Governor
Warmoth or any other man or any party
unless that party will secure our rights aud
interests.
The gentleman calls Governor Warmoth
liar. Sir, we do not come here 10 discuss
his political course nor his past life, but to
lenislate for the good of the State voted