New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-12-24
Secretary of State.
Regular Session OF 1872.
AN ACT
No. 100.

NO. 100.
AN ACT
To authorize the. New Orleans Baton
Rouge and Vicksburg Railroad COMPANY
to select the point or points for the com
mencemeHt of their road; to reduce the
liability of the State of Louisiana bv
authorizing said company to issue first
mortgage bonds, and to construct and
employ, or cause to be constructed or
employed, steamboats, or other vessels
and telegraph lines along the line of rail
road of said company.
WHEREAS, By the act of Legislature of
| the State of Louisiana, approved December
30, 1869, entitled an act to Incorporates
"the New Orleans, Baton Rouge and
Nicksburg Railroad Company, and to
expediate the construction of their road !"
| the Governor of the State was authorized
| to lndorse the guarantee of the State upon
the second mortgage bonds of said railroad
company to the alhount of twelve thousand
! five hundred (Sl2,5G0) dollars per mile
| upon the completion of each twenty miles
| of road; and,
Whereas, Said company has, By act of
Congress approved March ), A. d. 1871, en-
TITLED an act to incorporate the Texas
Pacific Railroad Company" and to aid
IN the construction of its road and
tor other purposes, become the recognized
branch of the Texas Pacific railroad. from
its eastern terminus, through the States of
Texas and Louisiana, to the city of New
Orleans, and under such act of Congress
have become the grantees of every alter
nate section of land in a belt of forty miles
each side of said line of railroad from New
Orleans to the State line in Louisiana. and
said act of Congress has been executed bv
the government of the United States by
the withdrawal of all the public lands with
in The aforesaid boundary for sale or entry
under any law; and whereas the early COM
mencement, construction and completion of
the New Orleans, Batou Rouge and Vicks-
ourg railroad IS secured by said gram of
land from the URited States government
and the legislation herein provided.
SECTION l. Be it enacted by the Senate
and House of Representatives of the State
OF Louisiana in General Assembly convened
That the New Orleans, Baton Rouge and
Ficksburg Railroad Company shalt have
full power and authority to commence the
construction Oftheir road in the CITY of New
Orleans or Shreveport, or at any intermeo
dlate point or points on their line of road as
may best suit the convenience of said com
pany, and facilitate the speedy construction
OF continuous line from the CITY of New
Orleans to the city of Shreveport or perfect
railroad communication with the Texas
Paclnc railroad, or any other railroad in
Northwestern Louisiana at or near the
Louisiana State line; provided, however,
that said company shall construct the line
OF It's road between the city of New Orleans
and the city of Baton Rouge. on the east
side OF the Mississippi river, to the corpoo
rate limits OF the said city of Baton Rouge.
or adjacent thereto. And the said New Or
leans, Baton Rouge and Vicksburg Railroad
Company is hereby authorized to issue.
from time to time, as it shall deem proper.
Its first mortgage bonds, to an amount NOT
exceeding thirty thousand dollars per mile
upon its line of railroad, or any part
thereof, and payable, principal and
interest, in gold or currency. at
the option of the said COMPANY,
with interest coupons annexed. The ma
turity of said bonds may be fixed by said
company at any time not exceeding forty
years from the date thereof, and bearing
interest at rate not exceeding eight per
cent per annum, and the said coupons pay
tble semi annually, on the presentation
hereof in the city of New York, or at such
1ther place or places as the company NAV
leslgnatei and the mortgage thus to he
SiVen to secure the payment of said bonds
md coupons shall carry with it first lien
tnd privilege upon the real and personal
property ana effects of said company. and
I'll lands acquired by act of Congress or
otherwise; provided. however, that if tba
aid company shall make and issue first
portgage bonds under this act, then and in
nat event the State aid and guarantee in
aVor OF said company to the amount of
we've thousand five hundred ($l2, 50Ol dol
ars per mile heretofore given by the State
nder act Of December 30, A. d. 1869. shall
re considered as relinquished so far as if
ppertans to that portion of it's road. or
ranches, on the east side of the Mississipni
Iyer, upon which the aforesaid first mort
age shall be made and issued. and uDon
ne entire road, whether main line or
ranches, on the west side of the Missis-
lppI river; and the State of Louisiana
hall thereby be relieved from the liabilities
give the aforesaid aid and guarantee
pom all the road covered bv the bonds
nd mortgage herein authorized to be is
led.
SEC 2. Be it further enacted, ETC., That
10 sad railroad company with a view to
icliltate the traffic of the said railroad,l
re hereby authorized and empowered
build and maintain, use and
1erate' or cause to be built,
alntained and operated steamboats, or
her vessels of sufficient capacity and size
r the purpose of transporting passengers
freight over or upon the Mississippi
yer, or any other stream or streams within
e State of Louisiana; and shall have the
ght to contract maintain and operate. or
use to be contracted, maintained and on
ated, line or lines Of telegraph alone anv
'rtion of said railroad within the State 6f
1uisiana.
SEC. 3. Be it further enacted etc. That
the rights, grants, powers and privileges
retofore granted to the said company
all remain intact, except SO far as they
ay De altered, changed or impaired by the
ssage OF this act, and all acts or parts Of
Is Inconsistent with this act are hereby
Sec. 4. Be it further enacted, etc.. That
Is act shall take effect from and after it's
ssage.
(Signed) o. Fl RRFUcTEp
Speaker of the House of Representatives.
tSlgnedl ?. B. s. PINCHBACK.
eutenant Governor and President Of the
Senate.
(Signed) r.. C. WARMOTH
Governor of the State of Louisiana.
Approved December IL, 1872.
a true copy:
GEORGE E. BovEE
Secretary of State,
The foregoing act having been presented
me Governor for his approval on the