Le Louisianais. [volume] (Convent, La.) 1865-1883, 1869-07-03


a certified copy Of the same, shall be filed in
the Office Of he clerk Of The district court Of
the dls,ric, in which the said real estate ap.
praised shall be situated, and there shall remain
a record, and such orders so entered shall vest
in said company The lands described therein
and such estate as may be therein set forth on
the paymen, or tender Of payment or deposit
of the amount of the appraisal and damages by
said company as provided in, said order, OF q
duly certified copy thereof, with proofs Of said
payment and deposit as therein provided, will
be considered as legal evidence Of tho title and
estate Of said company to the real estate des-
crlbed therein. All real estate acquired by ap-
praisal by said company under md pursuant
10 this act shall be deemed 10 be acquired for
pnb'ic use.
SEC. IL. Be it further enaftek, etc.,, Tia.
il shall be the duty Of said company, as soon a
said canal is surveyed and located, TO file q
map or plan Of the same showing the line OF
route Of said canal in the Office Of The Secretary
Of State, who shall give notice Of the filing Of
said map or plan NY publication for len days
in the official journal Of The Slate, and another
cory of said map or plan in The Office Of the
Mayor Of the city of New Orleans. All claims
for land or damages to the ownsr caused BY i,s
appropriation for The construction Of this
canal shall be barred by one years presc.ip.
ton, which shall commence from Tho date in
which the map or plan Of said canal are fed
as aforesaid.
SIC. IL. b. il further enacted, etc That
said company is authorised and empowered,
from time to time, 10 borrow money OF 10 pur.
chase property upon its own csedi. for the
purpose Of constructing and maintaining said
canal and arpnr'enance., and ~ evidence Of
the Indebtedness Of said company for such loan
Or tie purchase Of such property, may issue
its corporate bonds or promIssoty notes,
bearing interest at a rate no, 10 exceed eight
per cent. per annun, and 10 secure The pay
mcnt OF said bonds and notes, may mortgage
II canal, is capital stock, is corporate fran.
chises, and any Of lis real or personal property.
Or any par, Or portion Of he sxme and il
may, by its president, o. other officers o.
agents duly authorized by its directors, sell,
dispose Of or regulate such bonds and notes, OF
may sell, dispose Of or negotiate its capital
stock, said capital stock being declared 10 b
personal property, and transferable as such, o,
any Of lis personal property, a. such ,innes and
places, and at such rates and for such prices,
either within OF without The limits Of this State.
as in the Judgment Of said company .. its
directors will best advance its interests; and If
such bonds, notes or stocks ore Tins sold 4, !
discount, such sales shall Le in all respects
valid and binding upon this company, and .nch
stock, bonds or notes shall Be as valid 10, tho
par value thereof, as if The same had been sold
at par value.
SEC. 10. Be il further enacted, etc., Tha,
it any person or persons shall w%iliiully do 0,
cause to be done any &C, or acts whatever
whereby any building, construction OF works
OF SAID company, or amy machine, engine or
structure or any matter o. Thing appcr,aining
10 sad canal or ITS appnr,enaDces shall be stop.
ped, ohs'Iuc.ed, impaired, weakened, injured or
destroyed, the person so offending shall bs
deemed guilty OF a misdemeanor, and shall
'o'fe'' and pay 10 said company double tho
amount OF damage sustained by reason Of such
olienses or injury, 10 be recovered ia The namo
OF sad company, with costs Of sni, by action OF
debt, and such offenders shall also be subiec, 10
indictment, and shall be sentenced on conyic.
''on' at the discretion OF The court, for a period
not exceeding eighteen months.
SEC. II. Be it further enacted. s,c. The,
The construction OF said canal shalt be com
ced within twelve months from the ~ ssas OF
this act, and completed within eiph, wear,
thereafter; and in default Of completing tho
same within The time fixed this charter and
all franchises Hereunder shall be forfeited.
SEC. IS. Be it further enacted, etc. Tn,
This act shall be hyorsbly and literally cons.
tFned so as TO favor all the purposes and object,
OF the same and the operations Of the proyi.
sions thereof.
SEC. Is, BE ii further enacted, ek., That
this act shall take effect from and altar il.
} passag GO, and that all laws or paris OF law. in
conflict with this act bs and the ssme Arc
; hereby repealed.
;, (signed) cHAs. W. LOWELL,
Speaker of the House of Representatives.
fSigned) OSCAR ]. DUNN
Lieutenant Governor and President of thu
Senate.
Approved October 4 1855.
(Signedl H. C. WARMOrH.
Governor Of the lH,a.e Of 4loui,ian,.
A true COPY:
!, GEO. E. BoyEE,
T Secretary Of State.