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

Springs Railroad Company.
Section |. Be il resulted by The Senate and
House IF Representatives IF The Siats IF Lom
siana IL General Assembly c~opreasd, Thai,
II. Alexander, W. S. Mount, Juhn Rnches, G..
Nj Soria, n. Page, NJ. Condfon, and their as
%socia1es be and are hereby specially made a
body corporate under the name and style OF the
Vaudeville aud Sulphur Springs Railroad
Company. and. under this name shah cxis, for
the term Of fifty years. and shall be capable,
all other purposes incident 10 like incorpora-
tions, OF buying, selling and morNgaging all
kinds OF real estate and other kinds ul property,
OF suing and being sued in any OF the courts OF
law and equity Of this State, of having a COM
mon seal aud Of altering ii at pleasure.
SEc, 2. Be il further enacted, ETC.,, Tia,
the capital stock Of The company is fixed at The
sum of one hundred Thousand dollars, to be
divided into shares o, one hundred dollars each
10 be paid in such manner as The first board Of
directors of said company Shall deem proper.
SEC. 3. Be il further enacted. e,c.. That
the said company is hereby authorized and
empowered 10 survey, locate and fix, construct,
alter, maintain, work and repair a railroad
with one or more tracks from the lake shore a,
Vaudeville TO Sulphur Springs, with such
other branches as tie company NAV deem
proper or expedlent to create ard facilitate
business, to carry, transport and convey pro-
perry and persons, and The mails, troops and
munitions Of war of the Uli,ed States, or any
Of ihe States thereof upon said road and
branches by steam power or any other power
or combination OF power, proper 10 be used
thereon, and to hold and own said road and
branches, aud the lands and tenemenls attached
Thereto.
etc. a.. Be il further ennciea, ctc., Tha,
tbs said company is authorized 10 accept and
receive 20 lis use for the purposes Of construct.
inr, u]irg and keeping in repair said rai'toaa
any grant, aift, donation, loan, power, franchise,
aid o. assistance which may be granted to or
conferred upon il by he Legislature of this
State or of any one Of the Federal States. or
laws of the United States, or by any person or
persons on snch terms and conditions as may
tbe annexed 10 or imposed on the grant
thereof. @
SEC. 5. Be il further enacted, etc, That
said company shall have the right of way
through all lands owned by the Stat7 Of Loni-
siana for the breadth of one hundred feet on
each side. and be authorized 10 cut and use the
49,, l-, -.l .,,1-.t1a. ~. ,,. L. ,l.r,t, -,
they see fiji within one mile on either side for
the purposes of said road prorided, tina, this
privilege of emitting timber shall continue so
long as The land shall remain the property Of
SEC. 6. Be 1t further enacted, etc, That
the business of said company shall be con.
Quoted at its domicile at Sulphur Springs by a
board composed Of FIVE directors who shall be
stockholders, three of whom shall from a
quorum to transact business, and any three of
The incorporates named in this act shall open
books in order 10 obtain subscriptions to the
capital stock of said company, and as soon as
one aAaEter of the whole is taken, the books
shall be closed, and meeting called for the
I VuI l'oNe u cIeCtHr directors ~ serve lot TWO
years by giving thirty days notice in any
newspaper Published in the city of New Or
leans. They shall hold their Office for two
| years or until their Successors in office are
elected and qualified. Al all elections by the
stockholders, and all their meetings, each share
| shalt be entitled to one vote. Votes may be
given in person or by proxy.
Sxc---z-R Be 1T further enacied, ETC.. Thai
the directors at their first meeting shall elect
a president, treasurer, and secretary from
amongst their number, and their term of office
shall expire wiz, that of the DIRECTORS a, the
end of every Two years at their frs, meeting
they shall decide on the manner of paying for
the subscriptions 10 the stock Of the company F.:
pyroop'ded, , thai 10, more Than twenty per cent.
shall be called for every six months, and in
case Of any subscriber failing to pay any
ias'allme"i o" his stock as required. The board
Of disec.oss shall haze the option, after thirty
days' ~si..en.notiee 10 the dsfaultsr. o. .forfsit.
ise the stock and selling j. for the bsnefl Of
the so,npa"y, and sonpeliioy by suit p.ymen,
| oftorAuSh q The anount subscribed by him n