Semi-weekly Louisianian. [volume] (New Orleans, La.) 1871-1872, 1871-07-16

npon the company, and such stock,
|,unds 0r notes shall be as raid for
The par value thereof az If the san Q
had been sold al par value.
6Ac, g. Be il further enacted, etc,
That If any person or persons shall
wilfuny or maliciously do or cause
10 h done anv oct or acts whatever
whereby any building construction
or work of said company, or any
machinery, engine, canal, or dam
[ or piper, or envy structure what
ever, or arg matter or thing apper-
tanning to said company shall be
stopped. INSTRUCTED, impaired,
weakened, injured or destroyed,
the person 90 acting shall be deem
cd guilty of a misdemeanor, and
shall forfeit and ply to the company
d ,uble the amount Of damages sus-
tanned in consequence, of such Of
lenses or injuries, to he recovered
in the name Of the company with
costs of suit. by action Of debt. and
sueh offender shall also be subject
to indictment and shall be sentenced
o. conviction, at the discretion Of
the court, to imprisonment in the
parish Jail or the State penetentinry
Tor q period not exceeding two
wears, and to fine not exceeding one
thousand dollars, for the benefit OF
the State, in all cases where such
offense shall not have been provided
for by existing laws.
Sec. 10. Be Il further enacted, etc,
That this act shall be favorably
aad literally construed, 80 as to
serve all the purposes and objects of
the same, and the fulflment Of the
the provisions thereof.
Sec. IL. Be it further enacted, etc.,
That the directors Of this company,
when purchasing property, rights,
privileges, franchises and servitudes
necessary for the business Of said
company, are hereby authorized and
empowered, should they deem it
advisable, to issue stock to the
afnount Of the value therefor; and
the stock 80 issued shall be declared
sd taken to be full stock, and not
liable to any further calls; but in all
reports and statements and reports
OF the company, to be published OF
submitted 10 the stockholders, this
stock shall not be stated or reported
q being issued for cash paid in tc
the company, but shall be reported
IN this respect according to the fact
The stock of this company shall be
deemed personal estate, and shall
BE- transferable in such manner al
ahall be prescribed by the BYLAW
nf said company; but no share shall
he transferable until all pre,ioul
calls thereon shall have been fully
paid in. or shaA have been declared
forfeited for tho non-paymont o
calls thereon. = d -...-. 81.
Sec. IL. Be it further enacted, etc.
That this company shall annually
within twenty days from the frs
day of January, make a report
which shall state the amount o
capital, and the proportion actual,
paid in, and the amount OF its exist
ing debts, which report, embracir'
. particular amount of all its css .ts
and liabilities, in minute details, ant
full statement Of its affairs, shall b
signed by the president and
majority of the directors, and shall
bs certified by the oath Of the pre-
sideat or secretary of said company
and fled m its Office, subject to th
inspection of any one OF ita stock
-holdese, and if said company sha
fail to do SO, oil the directors Of th
company, except those Who hav
protested in writing against sue
omission, shall be contracted befor
said report shall be made.
Sec. Is. Be it further enacted etc
That II the directors of this con
psnE Shaal declare and pay an
dividend when the company Is il
solvent, or which would diminis
the amount of its capital stock, the
small be Jointly and severaily lab
for all the debts OF the compan
1hea existing, and for al thst sha
be thereafter contracted, while the
shall respectively continue in offic
providsd that if any Of the directo
shall objset to the declaring Of sac
divinend, or to the payment Of Il
same, and shall, at any time befol
the time fixed for the paymel
thereof, Gle q certificate of their ol
lection in writing with the secretal
of the company, they shall be e
.empt from The said liability.
Sec. IA. Be IL further enacted, ct
That IL any certificate or repo
made, or public notice given by Il
officers Of khis company, in purs
ance of the provisions OF this ~
shall he false in any material repr
sentation, all The officers who sh'
have 6gAed the sasne. knowing it
he false tAall be jointly and seve
lily liable Tor I'll debts Of fhe col
.pany contracted while they a
stockholders or officers thereof.
che indebtedness of this compa.
shall It any time exceed the amou
At its capital stock, the directors