Semi-weekly Louisianian. [volume] (New Orleans, La.) 1871-1872, 1871-07-13

IGsiE.ea,4at l'GEoa w CARTIER y A
Speaker of the House Of Representative.
q Signed. ss.s.ans oscar J, DUNN,
Goyernor and President Of the
Senate.
Approved February %, 1871. Z To-
. Signed y = Fl. e. WARMOTH,
q Governor ofthe Htate of Louisiana.
A true copy:
Gao. e. rBoyyE.
49,. Secretary Of State. 'p
Of No. 2S.
g. l7An act II .o,a,i
To amend an act entitled "An act to in
corpora G, the Southwestern usailroad
Company, aprr,vea March fifteenth
(l5j. one thousand eight hundred ana
ffty-fve (lS55>, and granting idjthere-
= to. 1.3r~ ~ yta'.sss@
Z SEC. /. Be it enacted by the Senate
and House of Representatives of the State
Of Louisiana in General Assembly con-
vened, That the Southeastern Railroad
Company be and they are hereby au-
thorized u make and issue from time &c
time, az hereinafter provided, its bends,
to bs known as second mortgage bonds o.
the Southeastern Railroad Company.
guaranteed by the State OF Louisiana, o;
sIch denomination 'as the company may
| elect, but to an amount not exceeding il
tao aggregate twelve thousand Ave hun
! dred dollars for each and every mile II
length Of its railroad to some point within
the State, on Lake Bor5ne or the Gulf o,
Mexico, in conformity with the power and
authority vested in said company by the
State of Louisiana, by an act of the Gene
raj Assembly Of the State, and approved
March fifteen tl5), eighteen hundred and
ifty-fve. provided, that in order to avail
itself of the benefit of this act, the sait
Southeastern Railroad Company shall
commence the work OF building said rail
road within six months, and complete tn
same within two years after the passage Q
this act. .'" 81" 81
Sec. 2. Be it further enacted, etc.
That such bonds shall be numbered con
sscutively, and shall be made payable Il
the State Of Louisiana. or bearer, ut sue
time as the compiny may designate there
in, not more tn II forty years from thei
date, and hear interest at such rate as til
, company may designate therein, not e,
ceoding eight per cent per annurn, pays
ole seIni-annua.ly, and coupons for sue
:, interest shall be annexed thereto. Th
principal or interest, or both of said bond
may, a. the option of the company. |
made payable il lawful currency OF "a
, United States, or III gold coin, or in En-:
, lish sterling, and if payable in stcrlin;
r two thousand Ave hundred pounds ste
=, ling per mile shall, for the purpose of tn
act, be- deemed within tue limitation
;. twelve thousand five hundred dollars p
:, nile in section one of this act contiine
-. and the place of payment OF the princir'
!. and interes. of said bonds, or any OF the,
, may be either at the city of London,
1i2nsllnd or the city OF New ior6, as Il
~, company may elect aId designate III su'
-. bonds.
!, Sec. 3. ro i: frrther enacted, etc
That the payment NJ the principal 3:
.aterest of such bonds shall he secured
4 ,nor:ga,e 10 be executed iy said COZ
;. aany 10 tas G,veraor Of the STATE
=, louisiana 70, ifustcv ivr w..o..lsoe',r aA'
ION t.mo H. time IL ho.!trs - &:
:. bonds, aad also. for the State Of Louisi;2l
:, md for said conlan., and whon,s' a.
shall .rcm time 10 time De Governor
I ! the said State, shall he the trustee uDd
or said mortgage, and ,a vested with t
=, rights and po~ers conferred upon s'i
:. trustee and char ed with the duties h..
=, matter imposed upon him. The s.
mortgage shall be in lieu upon the wiz
- # the said main line OF railroad vi S,
} iuomn.ny within the State Of i.o0:sia'
J.. 4ad upon all the right of way. road b
.,..;ls, Lepots, stations, shops, buildin
=, machinery. tools, engines, cars and r
81 and personal estate within the State
Foaisiana appurtenant to or Lee
= vary for the operation Of said main /
10 of railroad owned by the company at
IN date of said mortgage or which may be
-, qa!red TO it thereafter, and also upon
corporate franchises and privileges OF S
m company granted by the Safe OF Lou
.na, relative to the construction, ope
= lion and use of said main line OF railr'
within the State of Louisiana. Blu,
- Zen Of said mortgage shall be subject :
- subordinate to d prior lien 10 tile ext
a., aex; hereinafter specified in favor ola
&c mortgage 10 be- made by laid campen.
secure bonds to be known as First NJ
gage Bonds of the Southeastern Railr
IA Company such first mortgage Dor
and the mortgage securing the same )
=" be prior lien only to the extent Of tw'
=, thousand five hundred dollars, psyGbl
- coin, or currency, or two thousand
on hundred pound sterling of such first m
~. gage bonds, and the interest which I
:, accrue thereon, at the rate Of not exc
- ing eight per cent per annuln, pay
.. semi-annuslly, upon each aud every
- Of the aforesaid main line of rail-
within the State of Louisiana, inclut
AWS 7, a :Lx x~e 80, q. ~oo.1 ha1 Yale IL