Le Louisianais. [volume] (Convent, La.) 1865-1883, 1869-10-23

deemed to appsf'ain to tina, portion of sal
man iIle OF railroad within The State of Lon
siana, which shall have been Constructed an
operated, and shall be appor,ioued eona
upon each mile thereof, aud shall be Dc. m,
Y proceeds Of The competed portion of said mi
road and The lien "t said first mortgage ,l,a
be governed by the further provisions hereil
after contained.
SEc. \ lie J,rther enacted, etc.. Tha
the sand mortgage TO the Governor of IN. s, y,
of Louisiana, -h,lI describe The s.conl ,n,r
gage bonds thereby secured, and shall ais
pfov'fe to- the payment by the company !,
I The i'nslee OF a sinking fund for the ptoLua
re''mp'1on Of the principal of the .s,d bnnJ-
The payments of the said slIIkToT Inn 7 .nz7
commence N I'VE years ftom the date of -ai,
mortgage, and sh'll be made Annually there
after, and eac', pay,nen, shall no, be less thar
o'e.ha5t oil one per cent. of the Total amount
I The pfinr'Nal Of NIL HE bonds which shall ,r
'o1l'r time OF such payment, have been puatan.
'e"d 10y the State ri Louisiana as hereinafter
proHIdrd, whether ont ,iaudiur or surrendered
10 NE si"ste" Tor the purposes of lie slpkinr
'n'', - her matter pfnvt Nod The money, {,
pa'i I" he sad trustee sha' be- forthwith p,il
oy 'l'h, as soon is received. into The treasury
OF me State. and shall b.. paid nu, oniy on ,be
warrant OF sad Trustee ior second n,nr,ua,o
'""dS oi >aI' rompany snr,enjeted 10 hjs,
ava an bonds thus SURRENDERED ana rad for
Sfittt Tia tDri ~ IL, III I4.,-- l.
surrendered TO the sinking fnud aud no,
h'yn'i,b'e," IN some Eff cin,l manner. So ,h.,
Icy ra''h"' b. again issued, and Shall IN.
immediately ii'ereaii"g deposited IN tn. rrea
sury y The State, and lumbrr aud amouu, of
earh ata every bond 20 .urr.n4ier.,i 10 III,
ShK'''g tnnh hall te entered ly the trustee
ant ~ tie Tte>uarer Of lhe State If L.ou,>ano
~ Dock. TO hr KEEP, by 'Ir,n for tina, purpose.
l'>Perl'"n Ut me officers al lhr company. Bat
l'e ''l'errSt on such surrendered bonds stall
De payable AS II A,rfur> 10 Tie SAID trns,.e.
to the tenot IT he con,ious, AMI
part II! The sinking fund aid shan b.
secured by -ald mnttmae il ike
as II st'i Surrendered bu,IS wcfe st,ti
o"'>'"nd'og. and >nrh p.y,neui Of i4lc,.s, on
he sn're,d"ted bonds >ha.t CONTINUE nn,,i Inc
tund snait aInonu! 10 . sufficient snn
!" pay all IN" -ecoud mortgage bond, on,s,an.
my The trustee Snail not app v sad 81, kim
.i"d, l"f any pan thereof TO tn. pulcbas. of
SAD oo'ri>, at any grraier Price han par and
Interest. The mortgage. securing said
'oi'dS >''aft contain suitable PROVISIONS lo,
Tor sealed proposals 10 the trustee
o surrender bonds for the purposes os IN.
inklng innh aud IT.. frn~,ee >h,tl as. tho
''e''Fehre to The proposals most iavorabi. 10
ne company, pfo,ld"d they do not exr.ed mar
'op"shl' are not received by HE ttns'ee {
''thln the time limited ly III. adypt,i.empr, T
n HE requisite number q baoi, w1lhln The
linl "t price. To at,,o,b thr wh1l. y
mount OF stuktno in,t on baud, The ,,n>f.e 5
'"i', within three day> thereafter. sy r.f.h g
We ~ Wiling. specify IA. amnnn, of bonds /.
d"trien', ard 'ppnr' three com mion.,> To II
a" hy LOT IN" reGni>itesatnonnr If h,nds 10 II
Pp'r tile deficiency Thu sad commas. on.r< n
hl' forthwith, after lhaif appuimmaui. draw G.
i' rem We "n'n''sf> ct NJ! the second mort, d.
= bo'td, men outstanding. uumte 4 bonds u,
az anHoDii sntii"ient 10 suapy ~4cl h
ariency, am shall max. and sign a retorf :,
- y ny IN" %nHinb"rs 50 dawn Fy lleu a,
4 >lta! attach 10 rhcir i-porl an annl,y, =.
tfn 10 by each OF thea, b4inre seine officer :.
lhr >ta'" o. Louisiana auii ouzed 70 a,ilui. III
'i"r oaih>, stating thai such drawing was il, s,
respects 'mpaiii''ly aud laltly roniurted, of
! 'ila' sand report is true, IT,. sad certificate :,
w Trustee AMI report # III" commissioners n
8 be h ed u the "tiice Of the Secretary Of sn
- II 'le Stat q! lurisiana. = ID ,hnranron Al,
hold t> Of the bonds bearing the nnnl,er ST.
df'"n-hy tie commissioners ard specified III.
'ieir report, shall lr hoUrd IT, surrender tie Am
'e 10 sad trustee On rrceiviug hom Inn his
SAL On Inc STAT" Treasury Tor ill.,. amuun,
i'' r'tt'rip"l q sad bod, with ne Ini.re,,
iH"h lh"Ienp"h ip 10 III. ilm- Of The rAuira.
"i 'ie notice mentioned in >ecti"u fv.. or T.
" e"'n'' 'i"e as such warrant my b. H.,
vefei. "'
am
&c 5. BE i further enact d. ETC.. Tina, 10
liter the t4tln. Il sad trpor, OF thu
'"h'''''.s'". erS the company shall cau.ra con
re 10 be published, specifying The Numbers in 4
bonds so drawn, aud ,ronlinu ln, the
.ers Thereof TO snrtendor III. sam. 10 SAID viii
zee, on or he'ore a p, c't.d dav. vi, Oh p0a
'' o" less Than 'h'"y days after ne inst Inc
"f said noiir" Such noiicc >laH lie If
! ne ~ u '"tfy newspaper IN he rtiy Of bn,t
VI cans, aud ''Sa, '.A-, Nv" iat V u, W.. -, ,
Is !" N" lily of NV No,k fa. four am.
's>'Ve w. *. NJ '-nN three nn,es i, zach d.l,
ana upon the expiration If The time md
80 ~ >''h "',"". ne luler.s, m he bonds. VIII
OF wl'ch are spsclti. d in sucb wib
g -'" erase. "hh no iI,iete>t shall accrne ron.
a''e' hat line, or b. payable, .Ac.oi n Il
> s'"ki"s f""d, AS is,einb, f"r- provided; ,bis
ied. h"ne'er, thai if any Of the bond, So ,o,;