New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-27

and in good order, SO net to impede the general
out expense to the county Of Washington
SEC 6. And be it further enacted That nothing
in this act shall prevent the government at any
time at its option, from altering the grade or 9TH
erwise improving all avenues and streets occupied
by said road. or the city o. washingten from al
the sewerage thereof, as may be under their re-
spective authority and centrols and in such event
it shall be the dnty Of sam company to'chanse
"I Sec. And be it further enacted That this act
NAV at any time be altered, amended or repeated
nv the Congress Of the United States
'sEc. g. And he it further enacted, That nothing in
this act shall be SO construed as 10 aa.h0r , SAD
scrip, other evidence OF deDt 10 DC useo as eur-
Tency.
tai stock of said company shall not be less than one
hundred thousand dollars nor more than tour nun
divided into shares of fifty dollars each. and Shall
be deemed personal property, transferable III such
manner the bylaws Of said company may di-
SEC. TO- And be it further enacted, That the said
company shall place frst-class ears ON said railway,
with ali the modern improvements, for the con-
veuience and comfort of passengers, and shall run
cars thereon during the day, and as late as ten
O'Clock at night and as often every fifteen min
ern terminus of north H street.; and IN case
the said road shall be extended beyond the
may be completed through the Gay and
night, as often as the public convenience and the
Provided, however, That the carriages or ears
thereon shall make not less than eight trlps each
way per day during SIX days In eaeh week 1 =, ,,.
company shall provide such passenSerrooms tcket
officers lofces, stables, and depots at such points
the business of the railroad and the convenience
of tine public may require. And said company is
hereby authorized to lay such rails through trans
other streets roads may be nc cessary
for the exclusive purpose OF connecting the SAID
stables and depots with the main tracks; and the
lease sy1ch landc hIIi1d Yua he
for the passenger rooms ticket Offices, stao-es anu
articles of value that may be inadvert-
emily. left in any of the cars Or other
cipal depot and entered in book OF record Of I'M
claimed goods, which book shall be open 10 the in
spection Of the public at all reasonable hours OF
business.
SEC 10. And be it further enacted, That within
thirty days after the passage of this act the corpo
rators named in the first section or majority Of
them, if any refuse to act, then ma orty Of the
remainder shall cause books of subscription 10 .he
capital stock of said company to be opened and
kept Open in some convenient and accessible pace
or places in the city of Washington FOR period to
be fixed by said corporatOrs, not less than two
days and said corporators shall give public notice
by advertisement i'll not less than two daily papers
published in the city OF Washington OF The lime
and subscribers upon said books to the capital
stock Of the company shall be held to be stockhoid
ers: Provided, That no individual shall be al
lowed to subscribe for more than two hundred
shares of said stock: Provided further That every
g
twenty-five per centum Of the amount by him sub
scribed to the treasurer appointed by the corpor-
ators his subscription shall be null and void. IT,
at the end of two days. a larger amount, than the
capital stock Of said company shall Lave been sab
scrbed, the books shall be closed and the said cor
porators named in the first section shall forthwith
proceed to apportion said capital stock among
the subscribers pro rata, and make public pro
clamation of the number of shares allotted
to each. which shall be done aud completed
the same day the books are closed: Proviyed
further, That nothing shall be received in payment
rr D-G
scribng, except money. And when the books Of
subscription of the capital stock of said company
section or a majority Of them and. in case any Of
them refuse neglect to act, then a majority Of
the remainder, shall, within ten days thereafter
company, to meet within ten days thereafter, FOL
the choice of seven directors, of Which pubic no
tce shall be given for five days in not less than :w
public newspapers published daily in the cisy o.
Washington, or by written or printed personal 10
tce to each stakeholder by the clerk of the corpor
share shall entitle the holder to one vote, 20 b
given in person or by proxy.
SEC. a. And he it further enacted That The gov
eminent and direction of the affairs OF the com
pauy shall be vested in board OF directors sege
in number, who shall be stockholders. and whit
shall hold their Office for year and until Other
are duly elected and qualified to take their pace
as directors. And the said directors Ia majority
whom the president being one, shali constitute
Quorum) shall elect OF their number 70 be pres
dent Of the board who shall also be presidento
the company; and they shall also choose treas
who shall give bonds, with security, 20 sal
com pany in such sum as the said directors may
quire for the faithful discharge OF his trust
case of a vacancy in the board OF directors by Il
death. resignation otherwise OF any director, !.
vacancy occasiOned thereby shall be nlled by h
SKc Is. And be it further enacted, That The Z
rectors shall have full power TO make and present.
such bylaws, rules and regulations as they sla
deem needful and proper respecting the dsposisio
and management of the stock, property, estat.
and effects OF the company, not contrary 20 y
charter or to the laws of the United States and Il
ordinances of the city and county Of Washington
Provided, That the directors OF said corporate
shall have power to require the subscribers 20 U
capital stock to pay the amount by them resp.
lively subscribed at such time latter the first il
stalnent). in such manner and i'll such amount
as they may deem proper; and if any stockhod
shall refuse or neglect TO pay any instaments
after reasonable notice of the same, the said boa
OF directors may sell at public auction, 20 4
highest bidder, SO many shares of his said stock
shall pay said instalments land the highest bid
shall be taken to be the person who offers 10 pt
chase the least number of shares for the asses
ment duel under such general regulations
be adopted in the bylaws of said corporation; ~
saidbody corporate may sue and collect the sa
from any delinquent subscriber in any court
SEC Is. And be it further enacted. That thu
shall be an annual meeting Of the stockholders
| choice OF directors to be holden at such time a.
place, undAr such conditions, p 1 upon such not
as the said company in their by laws may prescril
and said directors shall annually make a report
writing of their doings to Congress or to the Sec
tary of the Interior, and to the stockholders in g.
SEC. Il. And be it further enacted, That
mayor and council Of said city, and the levy COZ
of said county, and the several officers of these
prohibited from doing any act thing 10 hind
delay or obstruct the construction or operations
said railway, as herein authorized.
SEC. l8. And be it further enacted, That the
company shall have, ut all times, the free and "
terrurted of the roadway. And if any per
or persons shall wilfully and unnecessarily obstr
or impede the passage of, or destroy or injure
cars depot stations, or any other property belO
persons so offending shall forfeit and pay
such offense the sum of ten dollars TO said comps
to be recovered and disposed OF as other fines
penalties in said city and county. and shall
Fable IN addition to said penalty, tor any los
damage occasioned by his her. or their act
aforesaid; but no suit shall be brought unless
menced WITHIN sixty days after such ofiense 81
have been committed.
SEc 49, And be it further enacted, That m
sald corporation shall make and comp
their said railway between west Fifteenth 81
and the eastern terminus of north street vi,
elSht months after the company shall have D
1uiiy organized, then this act shall be null and "
ana no rights whatsoever shall be acquired IN
anu uha az the remainder OF said road shall
completed Ut commenced) to its proposed term
In the county of Washington within hive wears.
SEC. 20. And be it further enacted. That no
son shall be prohibited the right TO travel on
part of said road or roads elected from the
thereof for any other cause than that of b
drunk, dlsorderly, unclean, contagiously diseal
refusing to pay the legal fare exacted, or to cou
with the general regulations of the company
-. SEC e. "a. And be 1t further enacted, That
O %ay the com sfoeSlod ssn in h the Columbia
for all the debts and liabilities Of
COMPANY to an amount equal to the aniO
Of stock held by such stakeholder.
SEC. %. And be it further enacted That al
provisions OF the act Incorporating the wa shrs
and Georgetown Railroad Company. reGuirirs
shall be applicable to the company Lereir n
por i';e which shall make reports as in said
SEC. %. And be it further enacted That all.
y.