New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-03-25

| X.
water from the same, cutting canals e>tao-
fishing iron and wood pipes or conduitS'
forming and constructing ponds. ana ac-
cOmplishing. without entering INTO 1lfther
specifications. all that may he necessary lor
the attainment OF tie object contemplated
in this act: and any such corporation, per
son or persons as hcreinbetore mentioned.
! are hereby authorized and cmpoWere" 10
| grant. sell or transfer to sad company such
rights. privileges and franchises as they
may deem proper and advisable: and such
rights. privileges and franchises. when CON
| Neved to and accepted 10y sad company
from any such corporation. person or per
sons. or already granted orconvcvcd to any
| individual before the formation OF said COM
pany. and subsequently transferred bv sad
individual to said company. shall be deemed
and taken IL rights. privileges and fran
! chi-es. vested and confirmed III said com
pany. and not liable to bc hereafter re
vokcd. changed. modified or impaired, cN-
ccpt with the consent of said company.
SEC. :. BE il further enacted. etc. That
said company he and is hereby authorized
topurcha~c. or receive and hold by grant, or
/ otherwise. all such real and personal estate.
! rights. franchises and privileges as il may
! deem necessary. convenient. or advantage
/ ollS to acquire III the accomplishment of the
/ objects for which the company Is incorpo.
! rated, with the privilege of selling and diSpos-
ing of the same. III whole or in part. whenever
/ II may deem II advisable and profitable to
the company: aud that ii be and is hereby
authorized and empowered. in case SAID real
! estate and personal property. franchises.
privileges and rights are to he obtained out
! OF the estate of tnv deceased person. or of I,
minor. to acquire the same from any duly
qualified executors. administrators. guar
dians and trustees thereof. subject to the
approval OF the proper court OF probate
jurisdiction Ill case of SUGGESTIONS. and of
minors. and the act and deed of such exc
/ cutorS. administrators. guardians or trll>-
tees. i'll relation thereto. shall pass Il title III
such real or personal estate. rights. fran
ch>tS ana privileges III the same manner as
il the said deed act had been made or
done before his death by the deceased or bv
a legal owner OF iull age, and such eXccu-
tors. administrators. guardians and trustees
shall account to those Interested III the
same manner i'll which they are bound 70
do for any other act of their administration.
SEC = Be il further enacted. etc. That
said company ne and is hereby authorized
and empowered. from time to time. 10 Dor
row money or 10 purchase property. as
aforesaid. upon It's own credit. tor the plll
pose for which 1t Is organized: and as cVl-
dcnce of the Indebtedness of sad company.
for such loans. or the purchase of property.
may ISSUE It's corporattd bonds or prom
i>>ory notes. hearing interest at the rates
to bc fixed 10y tn" direction. and TO secure
the payment of said bonds and notes. may
mortgage or pledge its capital stock. fran
chisc> rights and privileges, and its READ and
personal property. of whatever nature ii
NAV he. or any part or portion OF the same
and that it NAV bc 10y lis PRESIDENT or other
officers or agents duly authorized. sell and
transfer its charter of incorporation. with
all its capital stock. rights privileges and
franchises, and all its real and personal
assets. ~ such times and places. and at such
rates. and 1or such prices. either within or
without the Limits Of the State. a. i'll the
iud gmcnt of said company or its directors.
shall best advance its interests: and if such
bonds notes or stock are thus sold AT a dis
count. such sales shall he in all respects
valid and binding upon the company. and
such stock. bonds or notes shall hc a. valid
Tor the par value thereof as il the SAINT. had
been sold II par value.
SIC. q. l." il further enacted. etc.. That
il any person OF persons shall Wlllfully or
lnalclUU>lv do or cause To be done any act
or acts whatever. whereby any building.
construction OF work OF said company. or
amy machinery. engine. canal. or dam iori
pipes. or any structure whatever. or any
matter or thing &ppcrtainng to said com
panv shall hr stopped. ohstructed. Impaired.
veal cllet.. injured or DESTROYED. the person
80 acting shall be deemed guilty eli a missile
lneanol. and shall forfeit and pay 70 the
company ,.ouhlr the amount Ut damages
sustained III consequence of such "tfcn>c> or
injuries 10 h,. recovered in the name OF the
company win costs OF suit. by action at
debt. and such offender shall also hc subject
t. indictment. and shall he sentenced on cor
Niction. at the discretion oi III" court. t. i'm
pri>onurnt i'll the parish Jail or the state
pcHlitntIdrN. tor 4 l'cHlod not exceeding
Two years and I" a fine not exceeding one
81 E-U If he