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

~ amt The ANIMAL payments To b. mabe BY II
J. company :" the trustee for the purpose nf III
S'hkfh. 1"nd shall, in like manner. be mad
y W currency, coin. OF sterling, or their ecu
v"'en', ast ~ principal of said bonds shall
! payable. In all cases whore any navm.,,
required by This act, or agreed by III
company I" BE- made III sterling, if such m,
meh' Is reduced to currency. the premium 4
!, gold IN The city # New York, aud he rate
. exchange on London ruling at the time VIII.
shch payment is due, shall be included an
q whenever any payIn"n, so required or agree
n Ia be made IN com is made in currency, IN
premium on gold rn'ing in III. city Of Nov
York AZ III" time III" pay,nen, j. due shall b,
rrai4sl+-anA Ill case of any decree or recover,
IN any cent of his State upon said .econ,
mortgage bonds, or any of hem, or upon sal.
mortgage. The amonn, due upon snch of sai,
i, hon's as may be payable in coin or sterling
shall be asc"t,ained by reducing coin md s,e,l
ing, respectively. INTO currency, according I,
The '"fegning rules. Whenever the term
"cnV"ncy' is used in this act il shall h,
deemed to mean Obligations of the Uuited
States ut America, which are, or shall be. by
The laws of The United States, made a lecal
tender in payment of debts
SEC. 8 Be- il further enacted, etc. Tia,
IN" SAID mortgage 10 The Governor Of III, State
OF Louisiana shat contain a further provision
that IN case default -honlA be made in IN.
payment OF the interest If said bonds. d any
OF 'h"tn, or Of the SAID >,rkinu (nnl Or ouv
pau 'h'f'"i, ara NE same Shall remain IN
"ffeaf Tor sixty days after becoming due and
being demanded nf tie said comrany ,he
pf'n 'ra' Of ~ of The bonds secuted 81 sail
second mortgage" and then outstanding. .b,1
upon ..ie expiration Of sad >ixiy DAYS. become.
"ue and payable; and sal mortgape shall,
contain Sni'ahln provisions far the sale Of said
r"ilfNad aud appnrt'nance~ by the lrnstee. in
case ot dtlaud' in the conditions OF salL mort.
gage.
SEC 4 Ho II FURTHER enacted, etc., Tha,
Inc ard mortgage shall. af.r its exccu,ion nv
the company. be Delivered 10 the Go,crnor oC
'he >A"'" OF l"nislann, ard if The same Shall be
IN r"hf"mtiy with III" provisions of his ac,
ne IA" 'nd'is" his appro9ai III writing thereon
AM" '""" Inc Haid mortgage TINS approved To
I've recorded al length in The Office Of Tho
secretary OF STATE. Such approval Nv the
'o'e'h"r sialt be conclusive as to The sniff
cheney .. the ioim and execution of sa,I m,,,.
gag ana as L" rs conformity to tn provisions
'hlS ac' AID such racnriing shall be- cons.
t'hc'ipe n"'ire 10 all parsons of The len of said
aud -uch len shat b. paramount, I,
~ "ii"t li"ns aud ncumhrancns anon Tho
premises, except the aforesaid len of
ne MT mortgage, ~ The ex,en, uf Twelve
I'""Sani ny" hundred dollars. or two Ihou.,,d
%hhndr"t p"nnd- sterling. and intet.s, M
''ch ana every mic # said main line of nail
"ah m'iitIn HE Stall, of I.nai.iana.
SIC : Dc u torther e,arisd cir Tia,
'''"" III" aH' second mortgage shall have been
4" 3''''etea' approved ani recorded, and on.
potion or secii.n of fo,,v u;iox !,
'ugIh "t TIE sail main lIne of ,.i,,n,J ,,..t.
!" S"'r 1t I."ni>Iant Shall have been rps.
"''e" hv me- company ani III, rail. LAID
''''''' IA" company may deliver TO thu. :
"'efnHr OF ID" State OF Louisiana five h..
ed Thousand dollars, OF one hundred ,ron
'""1s Hefling, nt such second mor,o,oe
- '"' M '"s.rnor shall ,hrreupnn
y c"tiltra'e, 10 be written cr ut,u,,d
'"h each IT >aid bonds IN tho f]ollowiuv
lh' payment OF The principal Of the
i'htn bond wipn due, and Of ,ha ,u,.r.s,
= ~ u a''intS, rs guaranteed BY the
" LOUISIANA pursuant 10 the provisions
Tue "'' OF 1'e General Assembly Of said
authorizing inch Dnaran,,.," and shall
TX We great seal 81 the State OF i.ouisI.n ~ IN II
en- c"ri'ncaie, and iii, said seal sh,i, \. G.
"''' y fhr rtnHa'ufe Of tie y r5e,ory ,1
an" 'Ne bonds >halt iArn b. d. liv.r,d 10
. company tor IL general uses and purposes
'hot'zed by ,r> charter.
&c . ~ 4 farHt.r eoaend ETC. THAI,
~ ne construction Of each ADDITIONAL SER
: = Fot'oh q fotiy miles IN tenu,h of said
~ '''' OF 'ailfoad within The Stale Of loui.
= me company m Y execute and daiv., N
Ghs'riiorn IT the Stale of I ,n;.i,,,
~ " >"'h second mortgage tond-, canal
."'''' Thousand five Inud, ed dnIlat.. or ,w, -
e>'"d nv" hnadr"I pound. s,erIin, ~ ,b. +
'i"nv may elect, for each and .vnfv mile DIES
eh@'h al sad maj, line nf ,aiIrnad wvh,, dies
'!a'e ~ Louisiana so constructed I,n1 n, -
n h"td, had not iiav. been mr.. yiou.v
't"f'''ed As hef'ln provided), AID rl,.r.nnan =
- 6"vr'no' shat snh.ctiha - c.,ttf.,,a
qua hnlr' hpon each and rvaiy # .ncb 4
- III 'hr f'tni iresrr he'd in Sectiou e,ob, rsS
us a'f, a"t The san. han b.. .e.i,d md ,c
.,.d i, in. :" ~'"'" ana (Sa
~" =" IKE manner. aud shall lotthw,,L h.
''''d I" luz company Tar Ills penr,a, n.es ~,
purposes authorized BY IT'S charter. .nd
u III" whole Of sid m,in lin. of ~,,;I,o.
IN HE State of Louisiana shall have h,s,
f'"c'r' hy >a'd company. all the re-iine -
IL second mortgage bonds, au,hnrz ed nv
may he executed by thu company. and
Hfdl pS al M rnp u, tla--- F