Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-04-30

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from overflow and In view
Of the value Of the levee IS O rail.
way line, on aud with the river
shore.
SEC. 3. And be il further enacted,
That the said leve0 and railroad 10
to extend from Memphis, in the
State OF Tennessee, 10, or near
V~iOksburg, in the State Of Missls-
sippi, thence TO New Orleans, In the
State OF LOuisiana; Provided,
That there be no conflict with the
laws or charters. or with persons
acting under laws or acts Of incor-
poratiOn Of the several States here.
inbefOre named and with such per.
son or persons, incorporated COM
pany or companies, or boards Of
levee commissioners, existing or
acting under authority Of either Of
the said States. The corporation
hereby created may make any reas-
enable contract, arrangement, or
consolidation, contemplating the
extension of the levee aud railway
from Memphis to New Orleans,
and the corporation hereby crea.
ted may consolidate, as a railroad
company, with the companies con-
~strucLing n railroad from Memphis,
In the State Of Tennessee, TO Kan
sal City, in the state of Missouri.
SEC. 1. And be il further enacted,
That the capital stock OF the cOrpO-
ration hereby created 10 hereby
fixed at the sum of twenty million
dollars, represented by TWO hun
dred thousand shares, at one hun
bred dollars each, the time and
manner, and place Of payment OF
which shall be fixed as hereinafter
provided.
SEC. 8. And be it further enacted,
That the persons hereinbefOre
named as c%OTpOratOrs are hereby
appointed commissioners Of the
Memphis aud New Orleans Levee
and Railroad COmpsny, five Of
whom may constitute a quorum fol-
the transaction Of business, who
may meet in the city of Memphis,
In the State Of Tennessee, after
publishing a notice for thirty days
Of the time and place Of such meet,
ing, IN daily Newspaper published
respectively in Kansas City, Mem.
phis, Vicksburg, and New Orleans
The said corporation, or board, may
organize by choosing one OF theiI
number president, q viCe.presldent
q secretary, and a treasurer. From
the latter officer such bonds a. maj
be deemed proper may be required
the amount thereof may be ChangeC
from time TO time as the board o
directors Of said company ma,
deem proper. The secretary shal
be sworn to the faithful perform
ance of his duties. AT the same tim
and place books shall be openel
TO receive subscriptions to the cap
ital stock of said corporation, an,
each subscriber shall pay five pc
centum on the amount Of his sui
scription al the time IL is made. s
soon as two thousand shares shRI
be subscribed for, and five dollar
per share paid into the treasury q
the company, the said President Q
said board OF commissioners shaI
call a meeting of the subscribers I
the capital stock Of the cOmpaD!
who shall by ballot elect thrice
directors of said corporation, an
IN such election each share OfstoC
shall entitle the holder to one vot
the said President and Secretar
acting as inspectors of said election
and declaring Iheresult. The sal
President, Secretary and Treasure
shall then deliver 10 said director
chosen az above recited,all money
properties, subscription and Othe
books, in their possession, aud the
offices then end forever ; and Their
after the stockholders shall const
= tute q body polite, and corporate
who shall at once elect a Presiden
Vice President, Secretary an
Treasurer, and other neediuI OtflceI
: Of said corporation.
X. SEC. 6. And be it further enactel
I That there be granted hereby
said corporation, Its successors, an
l assigns, for the purpose Ofaiding
D the construction Of said levee al
railroad, all public lands not Othe
/ wise appropriated and now b.
longing 20 the United States
America in the States thTOul
which said levee and railroad ms
c pass, on the eastern side Of Il
;. Mississippi river within forty mil
e of said levee and railroad Pr
3 vided, That the area of land heret
!, granted do not exceed twenty tho
y sand acres to the mile Of said lev,
y aud railroad : And provided, That
there be not twenty thousand acru
d of such public land to the mi
d within forty miles Of said lev.
and railroad, the said corporate
70 may select any public land unpr
!. priated, within any State
Territory nearest the inis
10 ed and completed section Of 4
u levee and railroad, to make up sa
N deficit And proved further, Til
'. whenever said corporation Shi
D. notify the Secretary Of the lnteri
D. that ten consecutive miles Of sa
g levee and railroad are complet
9. and ready for use, and the corps
ID engineers hereinbefOrO named
y port that such is the fact 70
President Of the United Stat
IN there shall thereupOn be issued pi
h. ents to twenty-thOusand acres
public land per mile nearest I
IL section Of said levee and railrOI
in so completed, and patents for {
f. like number Of acres Of public 10
Of per mile for each section Of
by miles Of said levee and railroad
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