New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-15

be fixed by said corporators,. not less than tyaI
ave: and said corporatOrs shall give public not,S
by advertisement in not less than two daily paper
published in the city of Washington Of the TIM
when and the place where said books shall be opened
and subscribers upon said books to the eapta
stock of the company shall be held to be stoekh07
ers: Provided, That no individual shall be q
lowed 10 subscribe for more than Two hundle(
shares of said stock: Provided further That even
subscriber shall pay, at the time of subscribing
twenty-five per centum of the amount by hip SUI
ators or his subscription shall be null and void q
at the end Of two days, larger amount than IL
capital stock ef said company shall haze been SUI
scTibeJ the books shall be closed, and the said COZ
porators named in the first section shall fortwit1
proceed 10 apportion said capital stock alnonl
the subscribers pro rata, ana MAKE puohc Irt
to each which shall be done and complete
on the same day the books are closed: Proviv5
further That nothing shall be received in paynen<
OF the twenty-five per centum, at the time Of SUI
scrjbnr. EXCEPT money. And when the books d
subscription of the capital stock Of said eonpan1
shall lie closed, the corporators named in the tr
section or a majority of them, and, in case any q
them refuse neglect to act, then majority d
the remainder, shall, within ten days thereaftef
call the first meeting OF the STOCKHOLDERS OF sui
company, TO meet within ten days thereafter, fo1
the choice OF seven directors, of which public nd
tice shall be given for five days in not less than M
public newspapers published daily III the city d
Washington, or by written printed personal no
tice to each stakeholder by the clerk OF the corp0r
alton And in all meetings of stockholders each
share SIdl Chilly tIlt uVluCI W VAc wac, " u
.iven in person or by proxy.
SEC. a. And he it further enacted. That the gov
ernment and direction Of the affairs OF, the com.
pa,1v shall be vested in board of directors, seve4
In humber who shall be Stockholders, and whS
shall hold their office for one year and until otherJ
are duly elected and qualified TO take their placed
a. directors And the said directors 10 majority q
whom the president being one, shall constitute
quorum shall elect of their number to be p-esi
dent of the board who shall also be president 81
the company: and they shall also choose a treas
urer who shall give bonds, with security, 20 said
company in such as the said directors may re.
Guire for the faithful discharge of his trust. 10
case of a vacancy III the board of directors by The
death resignation otherwise of any director, th<
vacancy occasoned thereby shall be filed By the
remaining directors.
rectors shall have full power to make and prescribe
such bylaws rules and regulations us they shall
deem needfn and proper respecting I the aspostion
and effects of the company, not contrary to the
charter to the laws of the United States and the
ordinances of the city and county of Washington:
Provided That the directors OF said Corporation
shall have power to require the subscribers 10 the
capital stock TO pay the amount byIt respec
lively subscribed at such time latter the first N
,talment). in such manner, and III such arnoantt
as they may deem proper; and II any stockholdel
shall refuse OF neglect to pay any Instruments a.
required by resolution of the board OF director1F
after reasonable notice of the same the said bOart
of directors bnay sell at public audtion, 70 the
highest bidder many shares of his said stock az
shah pay said installments land the highest bidder
shall be taken TO be the person who offers 70 p,rs
chase the least number OF shares fpr the assess.
lnent duel under such general regulations as may
be adopted in the bylaws of said corporations ors
said body corporate may sue and collect the same
from any delinquent subscriber i'll ANY court of
competent jurisdiction.
SIC To- And be it further enacted That thers
shall he an annual meeting 0! the Stockholders fcr
choice of directors to be holden at such time and
place, under such conditions. and upon such notice
az the said company III their laws may prescrbe;
and said directors shall annually make report in.
writing of their dOngs TO Congress. orto the Secre
the Interior. to the
eIal meeting.
SEC L. And be it further enacted. That Tho.
ma vor and council of said city and the levy court
said county. and the several officers OF these corr
Iorations. and the said corporations, are hereby
prohibited from doing any act or thing to hinder1
delav UbstrIct the construction or operations Of
said railway, as herein authorized.
SEC. 49, And be it further enacted That the said
company shall have, at all times, the free and mini
terrupted use OF the roadway. And if any person.
persons shall wilfuy and unnecessarily ohstiuct3
or impede the passage Of or destroy or lnIure thsI
cars depot. stations or any other property belongs
ing to said railway company. the person %
persons offending shall forfeit and pay for eac13
such ofiense the of ten dollars to sand conpany
10 e recovered and disposed OF other 7iiies AND
penalties i'll said city and county, and shall 1ernan
fable in addition TO said penalty. for any loss or
damage occasioned by his, her, or their act, ad1
aforesaid; but no sut Shall be brought unless comb
menced within sixty days after such otteIse shall
have been committed.
SEC 10. And be it further enacted, That ulllesa
said corporation shall make alhd colnpieteH
their said railway between west Fifteenth street,
and the eastern terminus OF north II street Tihn&
light months after the company shall have neenI
fully Organized. then this act shall be null! and void
and no rights Whatsoever shall be acquired GndelN
it: and that the remainder of said road shal I'd
completed Of commenced) to its proposed ternlnus7
in the county OF Washington within i've years.
SEC 90. And he it further enacted, That no per.
sou shall be prohibited the right TO travel on any
part OF said road roads elected from tie car
thereof. TOR any other cause than fiat OF Delnss
drunk, dsorderly, unclean, contagiously diseased
refusing to pay the legal fare exacted or 20 comply,
with the general regulations of the company.
SEC. u. And be it further enacted, That each
of the stockholders in the Columbia .IailS
way Company shall be liable Individually
for all the debts and liabilities Of said
company TO amount equal to the amount
OF stock held by such stakeholder.
SEC. D. And be it further enacted That al TN
provisions of the act incorporating the " as.lDgto
and Georgetown Railroad Company, requiring I'd
ports of expenditures, earnings, and otlerwise
Shall he applicable TO the company herein ineor3
porated which shall make reports as in said ae5
required,
SEC. 3D. And be it further enacted That al acta
and parts OF acts heretofore passed which are IN
consistent with any OF the provisions OF this act 81
and the same are, for the purposes OF this actH
hereby repealed 50 far as the same are i1colstenE
herewith.
Approved, May "a, 1870.