Le Louisianais. [volume] (Convent, La.) 1865-1883, 1869-07-17

holder shall be permitted TO vote either in his
" right OF as proxy, nor to serve as q ,direc,o,
while in default.
Sec. 8. Be it further enacted, ETC., Tha,
the said railroad company, il nectssary ~, may
issue and dispose of its bonds, bearing no,
more than elgh, per cent. interest payable in
New York, London, Paris, Amsterdam OF
elsewhere, and having such time to run as the
board OF directors may fix, in order TO raise the
necessary funds TO build said road and bran
ches. Said bonds shall only be issued BY a vote
of two.thirds Of The stock represented a, a cal
led meeting for that purpose. 1t may contract
for the furnishing Of iron. equipments aud other
necessary materials, supplies or labor, on such
credit as II may deem proper; may mortgage
the property Of the company, if necessary, 10
secure the payment Of such contracts; may
make payments Of stock, and may llvpo'heca,e
the road itself 10 secure the payment OF the
bonds issued by The company.
Sec. 8. Be- it further enacted, etc. That
in the event Of the State of Louisiana, civ of
New Orleans or any other Incorporated body
in this State should become subscribers 10 the
capital stock Of said company, that said com.
pany may receive paymen for stocks in bonds
Of the State of Louisiana or city of New Or.
leans prorided, that said subscriptions shall
dollars.
SEC. 10. Be il further enacted, ETC., Tina,
all rules relating TO the declaring nt dividends
or division of profits. aud all other rules or by.
avs Tor the proper and regular transaction Of
business may Be- made BY The board Or lirec.
tors. Stock books Shall br kept in the office OF
the company at lis domicife. Certificates of
stock shall be issued 10 the s,ockhn,ders. and
no transfer of stock Shat! be binding on he
company until made OIL its stock books.
SEC. II. b. il jaiiler ena.tel, WI. Thai,
the pre>i'rn, Of the company shall be the
proper officer upon whom alt citations shalrle
served in all suits brought acafnS, the com.
pany, and may be made either on him in
person Or by leaving a copy 10 his allress Al,
NE office Of the company in tie hand, Of any
Of lis officers.
Src, 1s. q i J,u7her enaetcd, etc.. That.
No stakeholder shall be held .iale for losses Of
we company 10 any greater amount or exleu.
III 'he "1'o'e 'Ilan HE amonnt Of stock sub.
scr'Oed Tor OF taken by such stockholIer.
SEC. 10. BE i. further enacted, etc Thai,
SAID company may extend their road in a north
or norltIeas'erly direction, and increase the
capital stock OF the company one hundred
thousand dollars for every ten miles 81 road to
%baahiIi, by a vote Of ,wo-,lirds Of the took
represented al "A called meeting for tina,
purpose.
SEC, IA. b. il flrther enacted, &C., Thu,
II shall be The duty of he boatl of directors II,
furnish a detailed statement OF The affairs or
the company to the stockholders once a wear
and dividends, if any. declared and paid over
semiannIai y or annnaIly as the case may be,
and I! shall be The duty of The company at all
times TO keep printed copies Of His charler
and OF their bylaws, placed in conspicuous
places lie their office OF Offices, so tina, the
pubic may know and be KEEP, advised AS TO
The fgtts ana duties oil sad company. which
company Shall have HE righ, 10 keep an office
in or on, Of Iii, STATE.
SEC, 10 & Il Ji9tier eN1c1ed, elr Thai
Whenever The dissolution Of the cnrpIalion
~h'i' render necessary is liquidation, three
commissioners snail be elected by The stock
holders, whose duty il Shall be 10 take posses.
sion Of the road and o.her property Of HE
company aud conduct its business 10 n final
liquidation on snch terms and in such manner
as shall be determined by a meeting Of stock
holders, regularly convened for that purpose,
and 1t at tie expiration Of the pre,en, charter
a majority Of the Stockholders in number and
amount shall desire to renew The same for =,
tarliler term, the stockholders dissenting from
the renewa shall be bound TO trauster their
stock TO those desiring the renewal, al lis far
value, to be fixed by appraisers mutually
chosen for Inc purpose.
Sec. l6. BE il further enacted, ETC.. Tia,
this act shall take effect and be in force
from and after lis passage.
(s'gned) CHAS. w. LOWELL,
Speaker of the Hunse Of Representatives.
'''siJ - II a. .lJlIN n
Lieutenant Governor and President of the
Senate.
Approved October ~, 1868.
Signed II. c. WARMOTH,
Governor of the State of Louisiana.
A true copy:
GEo. f., RovEE,
Secretary o! State.
No. 100 AN ACT
loamend and e-enact the thirty.four,h section
OF an ACT entitled can &C, relative 10 cri.
m'nal proceedings" approved March
fourteen, eighteen hundred and ffly- five
SECTION /. Be ii enacted by he Senate and
House Of Representatives. Of The STATE of Loui-
siana IN General Assembly conreaed, Tha,
The 1hirty-fonrth section Of an ac, entitled A
act relative to criminal proceedings" approved
March fourteen. eighteen hundreJ ,,d fr,,