The Opelousas journal. [volume] (Opelousas, La.) 1868-1878, 1871-04-29

| whom all cltatlOllS Stlaii oe SeiESu III OH
suits against the company, and may be
made, either in person, or by leaving a
copy of the citation or notices at the office
of the company, in the hands of any of its
employees in the said office.
SEC - Be it further enacted, ETC., That
no stockholder shall be held liable for
losses of the company to any greater amount
or extent in the whole, than the amount of
stock subscribed for or taken by such
stockholdcr.
Sec. %. Be it further enacted etc, That
it sh,ll be the duty of the board of d'rec-
tors to furnish detailed statement of the
affairs of the company to the stockholders
once year, and dividends, if any, declared
and paid over semi-annually Or annually
SEC. H. Be it further enacted, etc, That
whenever the dissolution cf the company
shall render necessary its liquidation, three
commissioners shall be elected by the stock
holders whose duty il shall be to take pos
sessn Of the road and other property of tie
4 company and conduct its business to final
liquidation, on such terms and in snch
manner as shall be determined by a meeting
of the stockholders. regularly convened for
that purpose and if, at the expiration OF the
present charter majority Of the s'ockhold-
ers and number and amount shall desire to
renew the same for further term, the
stockholders dissenting from the renewal
shall be be bound to transfer their stock to
thos. desiring renewal, at valuation to be
| fixed by appraisers mutually chosen for the
purpose; and should said majority deter
mine to extend the term Of its charter, they
are hereby authorized to extend the same
for a term If fifty years
SEC; Is. b. it further enacted, etc, That
the Alexandra, Homer and Fulton Rail-
road Company shall have full powerandau
thoritV to contract to connect or consolidate
with any other railroad company that has
or may be chartered by authority of the
State Of Louisiana, or any other State of the
Federal Union.
SEC. 16. Be it further enacted, &c,
That the Alexandria, Homer and Fnlton
Railroad Company is hereby authorized to
make and issue, ficm time to time, as here
matter provided, its bonds to be knows a
"Second mortgage bonds Of the Alexandria,
Homer and Fulton Railroad Company,
guaranteed by the State of Louisiana, ;"
of such denominations as the com.
pany may elect bnt to an amount not ex-
ceedirg in the aggregate twelve thousand
i've hundred dollars for each and every
mile in length of the main line Of its rail-
road from the town of Alexandria, within
the State of Louisiana, which said company
shall construct, to-wt: of the main line
extending from opposite Alexandria, on the
Red river, toward and to the point where
it shall intersect and cross the northern
boundary of the State of Louisiana, in the
parish of Claiborne, as said main line has
been located or may be located in confor-
nifty with the charter of said company, and
in confermity with the power and authority
vested in said company by this charter.
| SEC II. Be il further enacted, etc,
That such bonds shall be numbered con-
secutively. and shall be made payable to
the State Of Louisiana or bearer, at such
time as the company may designate there
in, not more than fifty nor less than forty
years from their date, and shall bear in
terest at such rate as the company may de-
signate til rein, rot exceeding eight per
cent per annuut;. payable semi-annually,
and coupons for such interest shall be an
nexed thereto. The principal or interest,
or both, of asdbondsmay, at The option OF
the company. be made payable in lawful
currency of the United States, or in gold
coin, and the place of payment OF the .prinr
cipal and interest of said bonds, or any OF
them, may be in any city of the United
States, s the company may elect and de-
sgnate in such bonds. @~ ia '-.
SEC. 49, Be it further enacted etc, That
the payment of the principal and interest
of such bonds shall be. secured by mort
gage 10 be executed by said company to the
Governor Of the State of Louisiana, as
trustee. for whomsoever shall from time to
time be holders of said bonds, and also for
the tate Louisiana and for the said com
PAW; and whomsoever from time to time
/ be Governor of said State. shall be the
: trustee ur der said mortgage, and be rested
!. vested with the rights and powers con,
ferred upon. such trustee, and charged with
: the duties hereinafter imposed upon him.
} The said mortgage shall be a lien upon the
: whole of said main line of railroad of said
company within the State afLonisaaa, and
npon all the right of way, road-bed, rails,
depots, stations, shops, buildings, machine
ry, tools, engines. cars, and real and per
, sonal estate, within the State of louisiana,
! appurtenant to or necessary for the opera
/ ton of said main line of railroad, owned by
the company at the date of said mortgage
or which may be acquired by it thereafter.
/ and also upon fhe corporate franchises and
privileges of said company granted by the
|, State of Louisiana relative to the con-
struction, operation and use Of said main line
} frailroadwithin the State of Louisiana But
J the }ien Of such mortgage shall be SUBJECT
and subordinate to prior lien, to the ex
. Ffant = avt ghorn;paftar. sneeifiad in fayOI
J Iof first mortgage to be made oly
}, said company, to secure bonds to bt
| known as .sfirst mortgage bonds of thu
, Alexandria, Homer and Fulton Railroad
+ Company. Such arst mortgage bonds
and the mortgage securing the same, shall
t be prior lien only to the extent Of twelve
, thousand five hundred dollars per mile
! payable in coin or currency, of such frs
) mortgage bonds and the interest which maJ
! accrue thereon, at the rate ofnot exceeding
. eight per cent per aanum, payable semi
. annually. upon each and every mile OF th'
| aforesaid main line Of railroad, within thu
State of Louisiana, including all the right
! of way, road bed, rails, depots, stations
, shops, buildings. machinery, tools. engines
; cars, and real and peronal estatey within
) the State of Louisiana, appurtenant to o.
! necessary for the operation of said mair
j line of railroad owned by the company a
E the date of said mortgage, or which may b
E acquired by it hereafter, and OF the cor
pofate franchises and privileges Of sale
Z company granted by the State of Louisiana
r relative to the construction, operation ant
/ I1lse of said main line of railroad within tn
i State Of Louisiana. The principal OF sucl