New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-03-21

|
be and they are hereby authorized to make
and issue from time to time. rs hereinafter
| provided, it's bonds, to be known as second
| mortgage bonds of the Southeastern Rail
road Company, guaranteed by the State OF
Louisiana Of such denomination as the com
| panv may elect, but to an amount not cX-
ceednc in the aggregate twelve thousand
five hundred dollars for each and every
mile in length of its railroad to some point
within the State. on Lake BOrgne or the
| Gulf of Mexico, in conformity with the
! power and authority vested in said company
by the State of Louisiana. by All act of the
General Assembly OF the State, and ap,
proved March fifteen lol. eighteen hundred
| and titty-tivc: provided. that i'll order to
avail itself of the benefit OF this act. the said
Southeastern Railroad Company shall com
mcnce the work OF building said railroad
within six months. and complete the same
within two years after the passage of this
act.
SEC ,. BE il further enacted. etc. That
such bonds shall he numbered consecutive
ly. and shall be made payable to the State
of Louisiana. or bearer. at such time as the
company may designate therein, not more
than forty years from their date. and
shall bear interest at such rate the
company may designate therein. not rN-
cceding eight per cent per annnin. payable
>emiannually. and coupons for such inter
est shall be annexed thereto. The princi-
pal or interest. or both of said bonds may,
at the option OF the company. lee made
payable in lawful currency of the United
States. or III gold coin. or i'll English Ster-
ling. and if payable III sterling
two thousand five hundred pounds ster-
ling per mile shall, for the purpose
of this act. be deemed within the linn
itation of twelve thousand five hundred
dollars per mile i'll section one of this ac t
contained. and the place of payment OF the
principal and interest of said bonds. or any
of them. may be either AT the city OF Lon
don. in England. or the city of New York.
as the company may elect and de>i gnatc IN
such bonds
SEC. 3. Be it further enacted. etc. That
the payment of the principal and interest
| of such bonds shall be secured by a mort
| gage to be executed by said company to
| the Governor of the State of Louisiana as
trustee tor whomsoever shall from time to
time be holders of said bonds. and also for the
State of Louisiana and for the said com
| panv: and whomsOever shall. from time to
time. be holders of said bonds, and also for
the State of Louisiana and for said company.
and whom>orvcr sla II from time to time be
Governor of the said State, shall he the
trustee under said mortgage. and be vested
with the rights and powers conferred upon
such trustee and charged with the duties
hereinafter impose" upon MN. Inc saio
NOR gage sh''!i nc !" i'en upon t"e h'l'
ol the s'tl'i iaili mig vi r'ilr"'i Vi stu com
upon all the right of way. road bed. rails.
| depotS stations. shops. buildings, machln-
cry. tools. engines, cars and real and per
eoh'i estate with wv. S'''. w i-'"'>i'n"
aPp"l tehttltt ~ vi n'''> i'i 'he 'l',
non Oh san ni'sin i'ue Oh i''iii"',' o"h' oH
the COMPANY a. the "a'f Vi salo 'ioi 'S"Se
or "lIch may nc "oIuiitu ny IL 'r,ic'i'ei
nn IlSo "l f s, iie ."n"te n', ~, " ,h
| prl'ieSts "i s.tiu company Sidh'e' ny inc
stare OF Louisiana, relative 10 'he t"'i,tru'
'ioii' operation anu use ol s:'," mann iI', oI
lali[oa" "i'iiii 'ie ot''e vi i-o ~ n".
,he lieii vi c"i" 'iio1 'S"Sc H'i'ii u, >"'J'''
ana subordinate 10 I" pII,r lltii l" Tue tAttht
next hereinafter Sle'iile'l III liN"E vi nrSt
mortgage ~ "' 'ii''"t ~ s"iu '"iil E,tnN
10 secure onh's 10 DC hhoMH as rHS'
Mort2 gag nohus Vi inc southeastern
n'ii,o"" NV'np"h.' >u'n Aie' iiii 'S"S'
nohMs; an" tne ill"ltS gag securing me sa'le
| shail DC prior ilcn 'niE U" in' 'N'eht "a
! MN 'ncuS"n' ivy n"ii''ir'' ''oii','' Pay
| a"ie !" 'oln' VI ~ WV 'I""e..h'i
I'VE hhiul'" ioun"s stT'liiS Oh SucH hlI
iiior'S"St ool's' anu 'ne ihtei'St Nili'n
may accrue 'neleoh' 1T tht rae I'll hot eA-
ceeuillS tiSn' Fei cent Per "ili''ii pa ''oit
semi-ahnnai!S upon 'a'h ana every hi.It 81
the aforesaid nam me Oh falir"a" "lHih
the STATE ol LOUISIANA ihciuuihG an the
| li-ht VI way i",t" "'" Iaiis' ne 'ot sid
'iohs' Sh'Fe' oui'uii = hii' t"'l>, 'l-
Sihr 'tio 'n'' ic%i anu PiH"'i '~''''
within ''ie 'l'te oi LOUISIANA. aPp"l th'n!
|" 81 necessary loi 'he operation VI Sd!i
! lllt-l Ain' W ''i'i" ''u o"he'' ny 'h' cohi-
p'h' d. t''t '.''' y, s"i,' in'i VI NiiTil
| in'N oe '' H"il'' ~ II ,hcic'it'i anu 'iiS
| ''i o'A'' lain anu ~ ~ nv '" 'ii''
WI i'"' ~ .li' .'''' VI 49, '''i''.
! i'i'''r ~ t'' Il" ti"h' 'iei attn VI
| Va. ~ 49, my Va
| "i'iiH NV ""'' VI LOUISIANA
ID" piihY,"'i ~ SPIH hrs' mortgage
bonus NOT I" p' raN ""le IN 'ess .iiaii I'l's
,',H 'iii 'm'ii -, "'i'S. ., III '">' Vi Nv
i'n,' -, ", .'i'. u.
80 =. "a" W ~ .a'ilo'i'' vi .sns i''
W. ''' ~ oi,' ''o'I W 1'1u =. :. 'u'
st'''ni i'''i ''i''S; w e,'i'i VI sii'ii'
'"' pio'''u> WI ny ,"1iinS >'o'h an" pr
| sohai properly "Hich may ne soiu SEAL ot
oeciieo 1" al,l'ltaih 10 tn't' portion VI sa'o
I I: nm VI i''i, ot'u within 'ue .,''e ",
LoI'9.'' ny si''4 ii"f I''cn 'oholi io'o,
anu up.i".eu "nu 1iai1 "e "pl,'i !4u,i,u
Ie,maJ uroreeJs Of ,l. cnnls,ad nn,r;nr
ueeil'u pru'eeus VI 'iie 'Iilipie'tu l,1it t!
", i"i,i '' ,no i'Iii 81 ,,t.
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o.'t w. 10 n .nI l
o I,i III w., l." " ,I
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. ,''i' ~ 'Io i, Va .I1.; i.'ii
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"a; ~ ' .'i !. ~ ''.t. -, ~: Va 80 80,
- ~. .;, a nv, ~ ~ I'LL ia
~, "'n Ia. ,1''r'.t' , "H o,nh
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