New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-05
Coutersigned

Coutersigned:
| - --, State Treasurer.
| -- Auditor of Public Accounts
| "-, Secretary of State.
And the said bonds may be transferred by
| the Endorsement of the president of the
Arkansas and Delta Railroad Company.
SEC. IL. Be it further enacted, etc, That
said company is authorized and empowered
from time to time to borrow money or to
| purchase property, upon its own credit, TOR
| the purpose of constructing and maintain
ing said railway or establishing continuous
and connecting lines of railway, and as evil
| dence of the Indebtedness of said company
| for such loans or the purchase of such prop
| erty, may issue its corporate bonds or
promissory notes, bearing interest at a rate
not to exceed eight per cent per annum,
| and to secure the payment OF said bonds
| and notes, may mortgage its railways, its
| capital stock, its corporate franchises and
any OF its real or personal property, or any
part or portion of the same; and it may, by
its president, or other officers or agents duly
authorized by it's directors, SELL dispose of
or negotiate such bonds and notes, or
may sell, dispose of or negotiate
its capital stock, or any of its personal
property, at such times and places and
at such rates and for such prices, either
within or without the limits of this State,
as in the judgment of said company or its
directors will best advance its interests;
and II such bonds, notes or stocks are thus
sold at discount, such sale shall be III all
respects valid and binding upon this com
pany, and such stocks, bonds or notes shall
be as valid for the par value thereof as if
the same had been sold at par value; pro-
Vlded, however, that said company shall
not secure the payment of its corporate
bonds or promissOry notes so authorized to
be issued and disposed OF by first mort
gage upon its property, franchises and
effects TO an amount exceeding the sum of
fifteen thousand dollars for each linear mile
of railroad which said company is author
lied to construct under this act
SEC. IL. Be it further enacted, etc, That
the company shall have the right to keep
ferry at its southern terminus for the trans
portation of freights and passengers and
over all streams on the route of said rail
road, and to build bridges over such streams
as they may deem proper on said route, and
to cross and connect with any and all rail
roads on their route at any point they may
see fit
SEC. l9. Be it further enacted, etc. That
the president and all other officers and en-
ployes of the company shall be exempt from
jury, military and road duty.
tSigned) MORTIMER CARR,
Speaker of the House of Representatives.
(Signed) OSCAR j. DUNN,
Lieutenant Governor and President of the
Senate.
A true copy:
GEO. +. BOyEE,
Secretary of State.
The foregoing act, received in the Office of
Secretary of State April first, one thousand
eight hundred and seventy -one, having been
presented to the Governor of Louisiana
for his. approval, and not having been
returned by linn to the house of the General
Assembly in which it originated within the
time prescribed by the constitution, has
become law without his approval
GEO. L. BOYEE,