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

The capital stock of said company shall be six
millions Of dollars, which may, by a vote of
the directors, be increased 10 ten millions of
dollars in shares Of one hundred dollars each,
and shall be transferable in such manner as
lhe by laws of the corporation may provide;
each share shall entitled the owner thereof to
one vote, either in person or by proxy, for
directors of said company provided, he shall
have owned the zane for thee months mex,
! preceding tile day of election, and that the
ownership Of Il, least one hundred shares shall
! be required to render a s,ocholder eligible to
become a director of said company. The
number Of directors shall be seven, any four
OF whom shall constitute a quorum, for the
Transaction of business. Tie persons named
IN This section shall constitute the first board
OF directors tlom the passage Of this act TO the
first Monday in Jannary, eighteen hundred and
>iX,y-nine, and until their successors shall be
elected. which election sahll be held on the
first Monday Of January Of each third wear
thereafter, at the office of said corporation, in
the city Of New Orleans. between the hours of
one and three p. NJ. Of that day, uolice having
been given IN two daily newspapers in the city
OF New Orleans for ten days previous to snrh
election; the persons receiving the highest
number cf votes shall be declared elected
directors for the ensuing three years, aud until
others are elected. 1t shall be the duty OF The
directors Immediately after the election to
choose one OF their number president, who
shall serve for three years, or until Iii, surces
sor IS elected They also shall elect a secretary
and treasurer, who shall hold their Offices dur.
ing The pleasure OF said board Of directors
The domicIe OF said company shall be in the
city OF New Orleans. ~
SEC. ?. BE il flniher tnacld, t'c., Tha,
the directors shall have power 10 make bylaws.
rhtes ana regulations as they shall deem useful
and proper, touching the disposition Of the
stock, property, estate and effects o. the com.
pahy, 10 collect and regulate toll, the transfer
OF shares. the term Of office, duties and conduct
of their officers and employees, and alt matters
which may appertain 10 the concerns Of sad
company and the said board Of directors shall
nave power 10 appoint such engineers, agents
and snhoTdiaaics a may from Time 10 time be
necessary -rarTy- mir rtirc: TIC objects al
nus act. and 10 do all acts aud things touching
me location ct said canal and telegraph. Sad
directors may require payment 10 The capita
stock, after due notice, AT such times and II,
such proportions as they SHAH deem necessary
10 nptale-lhe--c anaL and telegraph within
The time prescribed in this ACT. The SECRETARY
and Treasurer shall give such bonds with such
security as The said board shall from time ,o
lime require.
Sfc. 3, BE- Il further enacted. sr. Tina,
TO enable SAID company TO accomplish the pur.
posesand objects OF this incorporation, the said
company is hercreby empowered:
Firsi-To locate, construct and build. and
thereafter 10 own, maintain and use a shin
canal along the route in iicaled in the FIRST sec.
lion of This act, which canal shall be a, least
one hundred and fifty feel vide Oh HE ~suillcc,
with the proper slopes 10 the bottom, and To
eAcava'e 10 afford a urilofm depth Of at .eas,
Twelve fee, throughout lis depth. with the
p%''itege Of widening the same to three hun.
dic,t feet and deepening TO afford a depth Of
twenty i've fee, OF water; and they are hereby
required to cause The bar Ks thereof 10 be made
secure and adequate 10 avoid ANY danger ,G
arise from nvcliI1w or bre kesc.
SscoEd-To construct, estah ish or purchase.
and thereafter 10 own, mainla n and use sun.
able wharvcs, piers, basins, warehouses
ha'boTs, 'owboats, dry docks Qocks am
finodgates TO connect said canal with The
Mississippi %river), barge, aud other work.
connected with and incidental 10 SAID cAua
and Telegraph aud the business Of sal,
company.
l"'rd-That the said company is hereby
authorized TO construct and build, aud there,
alter 10 own, maintain and use a bIancl. OF
lateral canal extending from The main cana
to a pnln. a, or near the Mississippi river. il
the CITY Of Jefferson, with all the rights
privileges and imnuni,ies granted as aforcsai,
TO main cana proridod, he corporate a%uthorit,
OF said city shall have the power 10 d~esigna,,
the route thereof.
construct, own, maintain an,
use a lock or locks, 10 connect the said cana
W.!ll The Mississippi river for the passage o
steamboats,, vessels, barges, and other crafts
said lock or locks to be constructed under tn
supervision OF a competent engineer, ioyethe
with one to be appointed by the city Of New
Orleans, who shall concur in approving lr
construction of the same.
FJlh-To obtain and receive, by purchase
grant, gift, devise and beqnes,, and 10 hay,
and TO hold real and personal estate, to sci
transfer and convey The same in fee simple. al
D such lands, tenemen,s, heredi,amen,s, as shall
be necessary 10 them in the prosecution q
; their works.
six'h-That said company is hereby author
D zed and empowered 10 obtain. by grant O
3 otherwise, from any corporation, city, O
village, within the State of Louisiana, that ma
. ! - =iinaied- upon lis canal. any tights, pri
|, vileges or franchises that any of said incorpc
o rated cities or villages or persons may choos
to gran. in reference to the construction