Le Louisianais. [volume] (Convent, La.) 1865-1883, 1869-05-22
Official.
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published BY AUTHORITY.

NJ.
published BY AuTIIoHITl.)
A~l-H3
PASSED BY THE GENERAL ASSEMBLY
STATE OF LOUISIANA.
At the First Session of the First Legislature,
Begun and held in the City Of New Orleans,
JUNE 90, lSts.
No. los AN ACT
To incorporate The North Louisiana and Texas
Railroad Company.
Whereas, Tie Vicksharc. Shrevepor, and
Texas Railroad Company dat, on or about the
first day Of September, 1857. mortgage lis
entire ~rallroa', extending from the Mississippi
river TO the line Of boundary between Lpui.
slana and Texas, with us ti.hts Of way. lands.
property, franchises, rights, appnltenanccs,
water stations. warehouses. depols and depot
grounds. and all The buildings, structures ana
improvements, and the cars, locomotive,
engines, wagons, machinery, fixtures, utensils.
implements and effect, lgrnerally of every
nature and description whatever in use upon
said railroad, or in any way attached or ap.
pertaining to the same, etc
And ~whereas, all of said das- ,ihp1 nroner,v
''Sn'S' o''""..cges and franchises were sol1 AT
>Aeuils sale under an order Ct seizure and
sale cralted under said mortgage.
SECTION /. Be ii enacted By he Senate AMI
House Of Representatives. r The S}ac # Loui-
siana IN General A$s~aLly concerned, That
MesSrs. John Ray, William r. Gordon, JOHN
+. Labelling, Wesley j, @ Baknr, FraneiS p.
Stubbs, George c. Wahdell, James L Horne
and VIM. NJ. Pinkarl, purchasers at the
sFlertf.s sale Of the property of the virksburg.
Shreveport and Texas Railroad Company, on
the third day of February. 1866, he and rhcv
are hereby declared to nave all the rights and
powers which the Vicksbnrg. Shreveport and
Texas Railroad Company had, AMI such Others
as are herein granted. They may sue and be
sued, plead and be impleaiel, and do and
perform all other acts, and exercise all the
rights and privileges ilciden, 10 corporations
SIC. ? Be il further enacted, etc, That
the persons aforesaid and Their assigns, are
hereby specially created into a body corporate
and polite for the purpose of constructing,
MAINTAINING and operating a raillaond and a
magnetic telegraph on The line thereof from
the Mississippi river in the parish Of Madison,
westward through the parishes Of Onacl,i,a and
Cadlo to the Texas State line. The said road
to be used for the purposes Of Transporting
freight Of every kind, and passengers. The
railroad shall be constructed on such a scale
as shall serve for a main frank of a continuous
line Of communication westward 10 the Pacific
ocean.
Sec. 3, Be ii .furthn. enacted, etc, That
the name and title of said corporation shall be
The North Louisiana and Texas Railroad
Company" and its, 'lomicile shall be in the
town of Monroe, in the parish Of Ouachi,a,
State Of Louisiana.
SEC. 4. Be IL further enacted, etc, Tina,
the capital stock Of said company is fixed a, six
millions of dollars, divided into sixty thousand
shares of one hundred dollars each.
SEC. 5, Be it further enacted, etc. That
the business OF the corporation shall be con-
Quoted al its domiciIc in the town of Monroe.
in the parish of Ouachita, Stale OF Louisiana.
by a board OF directors. The board of directors
shall be composed of nine stockholders, five of
whom shall constitute a quorum for doing
business.
SEC. 6. Be it further enacted, etc, That
the president of the company is the officer
designated as the person OH whom legal
service of all process against the company
may be made, and said service may be made
on the president in person, or lief, to his ad.
dress, at the office of the company at its domi-
cile, with any Of its officers.
Sec. 7. Be it further enacted, etc. That
the board of directors shall be chosen by the
stockholders at The domiciIe of the company,
annually, on the first Monday in October. Bnl
a failure to elect directors at any time shall
not dissolve the corporation, but the board in
office shall continue 10 exercise ills functions
until a new board can be elected. All meet
lnss OF stockholders shall be notified by publ,
cation thirty days in advance thereof, in a
newspaper published at the domicile of the
corporation. The frs. election of directors
shall be held by three commissioners to be
elected by the stockholders within ninety DAYS
from the PRONUNCIATION of this act. All subse,
quent elections shall be held by three commits.
! sioners to be appointed by the board of directors.