New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-06

the choice of seven directors, of which public no.
tice shall be given for ye DAYS IN not es1 than tw:
Washington or by written or printed personal no.
tice to srockhoder by the clerk Of the corpor
alton. And in all meetings OF stockholders each
share shall entitle the holder to vote, to be
given in person or by proxy.
SEC a. And be it further enacted, That the gov
eminent and direction of the affairs of the COM
pauy shall be vested in board OF directors seven
in nnmbeI who snail De s'ocSo a s, ana who
are duly elected and qualiiiedto take their places
as directors And the said directors "a majority OF
,rlnn, the president bein. one, shall constitute
ouorIn) shall elect of their number to be presi
dent of the board, who shall also be president of
the company: and they shall also choose a treas
urer who shall give bonds, with security, to said
COMPANY in such sum as the SAID directors may re-
u,iire for the faithful discharge OF ms tfusts In
case of n vacancy in the board of directors by the
death resignation, otherwise OF any Director the
vacancy occasioned thereby shall be filled by the
SEC Is And be it further enacted That the d.
rectors shall have full power to make ana prescribe
such bylaws. rules aud rcsuia!iOns s.s ;aey snaii
deem needtil aud proper respecting the disposition
and management OF the stock property, estate,
and effects of the company mot contrary to the
charter or the laws OF the United Sfa!es ana the
ordinances of the city and county OF washington:
Provided That the directors of said corporation
shall have power require the subscri to the
capital stock to pay the amount by them respec-
lively subscribed at such time tafter the nrsl IN
stllmcnt), in such manner ana III sucn amounts
an, they NAV deem proper; and II any sf0ckhoider
shall refuse or neglect to pay any instruments as
required by resolution of the board OF directors,
of directors NAV sell at public auction, to the
highest bidder, SO many shares OF ms saiu STOCK as
shall pay said instaments (and the highest bidder
shall be taken to be the person VINO oners 10 pur-
chase the least number OF shares iOr the ASSESS
mcnt due) under such general regulations as NAV
be adopted in the bylaws OF sa1d corporation; or
said body corporate may sue and collect the same
from any delinquent subscriber in any court OF
competent jurisdiction.
SEQ Is And be it further enacted. That there
shall be an annual meeting OF the stockholders Tor
choice of directors to be holden at such time and
MA, 1,uIer snshen
a, the said company in their bylaws may prescribe;
and said directors shall annually make rep0rt IN
writing their doin@s to Congress- or to the Secre-
ty of the Interior and to the stockholders III gen
eral meeting. A.,
Sgc l.. And be it further enacted, That the
yor and council Of said city, and the levy court
of said county and the several officers OF these cor
porations, and the said corporations, are helsns
prohibited from doing any act or thing to hinder:
delay, obstrct the construction or operations OF
said railway, as herein authorized
SIC. 10. And be it further enacted That the said
company shall have at all times, the free and unin-
terrnpted use of the roadway. And if any person
persons shall wtIIlly and unnecessarily Obsfruct
or impede the passage of, destroy or injure the
cars, depot, stations any other property belong
persons so offending shall forfeit and pay for each
such ofense the sum of ten dollars to said company,
penalties in said city and county. and shall remain
liable, in addition to said penalty for any loss Or
damage occasioned by his her or their o act as
menced within sixty days after such offense shall
have been committed
said corporation shall make and complete
their said railway between west Fifteenth street
and the eastern terminus of north II street within
eis ht months after the company shall have been
fully organized then this act shall be null and void,
aud no rights whatsoever shall be acquired under
ii and that the remainder of said road shall be
completed (if cOmmenced) to its proposed terminus
in the county of Washington within hive ", years
SEC. 20. And be it further enacted That no per-
son shall be prohibited the right to travel on any
part OF said road roads elected from the cars
thereof for any other cause than that OF being
drunk, dsOrderly, unclean, contaglOusly diseased
refusing pay the legal fare exacted or to comply
with the general regulations of the company.
SEC. u. And be it further enacted, That each
OF the stockholders i'll the Columbia Rail-
way Company shall be liable individually
for all the debts and liabilities of said
company TO an amount equal to the amount
OF stock held by such stakeholder.
SEC. ~ And be it further enacted That all tho
provisions of the act Incorporating the " ashington
and Georgetown Railroad Company, requiring re-
ports of expenditures, earnings, and otherwise,
shall be applicable to the company herein incOr-
poratcd, which shall make reports as in said act
required
SEC. 49, And be ii further enacted That all acts
and parts OF acts heretofore passed which ARE in
consistent with any the provisions OF this act be-
hereby repealed far the same are Inconsistent
here With.
Approved Nav p, 1870.