New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-10

| TO the approval OF the board, from the
| treasurer, and fix the amount thereof and
| to pass all bylaws deemed necessary, not
| inconsistent with this act or contrary to
| law.
SEC. s. Be il further enacted, etc. That
| stock certificates shaI. be provided, and
| when issued, shall! be signed by the presi-
dent OF the board of directors and counter
| signed by the secretary and sealed with the
seal Of the company; and transfer book
shall be kept. and 10 transfer OF stock shall
be legal or binding on the company until
. the transfer is made OF the books of the
company and such transfer shall be legal
evidence of the ownership of the stock, SO
far as the company IS concerned, in any
court in this State; that q copy, certified to
by the secretary OF this company, under the
seal OF this company, of any resolution of
the stockholders or directors. shall be eyi
denCe Of stock or Of any written proceeding
kept by this company. and shall be taken
as evidence in any court in This State.
SEC. :. Be il further enacted, etc. That
the board OF directors of this company shall
have the right 70 issue the bonds OF this
company for any amount not 10 exceed the
whole amount Of the capital stock, as fixed
by this charter. and shall tx the aggregate
amount of the bonds TO be issued. the
amount and denomination of each bond, the
time of maturity thereof the rate of inter
est they are to bear, whether coupon bonds
or not. and every other requisite to cOnsti.
tute them legal and certain; and in order
to secure the payment Of such bonds, with
the interest thereon, said directors shall
have the right 20 mortgage all the property.
both real and personal. including the
bridge, which mortgage shall be recorded
in the office of the recorder 81 mortgages
for CaddO parish. and shall not be required
to be reinscribed to keep it in force and eff
feet; and said board OF directors shall have
the right to receive any donation or gratu-
itY that may De given 10 said company, or
any other aid thereto on any such terms as
may be agreed on between them and other
parties.
SEC. 9. Be it further enacted, etc. That
to the same company are hereby granted
the exclusive right and privilege to build,
construct. establish and maintain plank,
shell or railroad from the terminus of said
bridge or the eastern bank of Red river to
and across the Red Chute in BOssier parish,
and to the hills or high lands by such route
as shall be deemed most advantageous by
the directors OF said company, and that the
same company shall be allowed and are
hereby empowered to charge and collect,
for passing over said road, tolls at such
rates as the directors shall prescribe; and
the same right and privileges granted by
this section shall be for the same term OF
years as has already been granted in this
Sc " ~ R az tSL or sr,al 0"+s Tbo+
>EC ~ DC ~ - o'icI i 1i%UroL, 49, I'd
oI10 III eiio 80 49, 10 3
9Llei 20 go IN So "t"
n ',Ilt ava IN ON +6or VI t io
said company agrees to pay into the treas
y, - ~ 5o d. gu Nv
Tii sun FL oI o 'o!n, - Te o .
~ @ i LoL' 10
80, ~
~ "a "a l''' u ~ ~ I; ,,4l a., Io
III ~ ~
inns COMPANY snad aaF9 She e.. fSa5 9J us
S'll I1 '5o ' .,,' g.,
t, upot1t .. t5SLl0' t ,It
sIIl5 ed and 80 ~ bnroi
,,,Il nti o,,J, ~
TLded anu lay gus ana construct the SANE I1
"' 4nn ,n Ner' 'T" a1 " 800 Sl tT
Sta+a If y6iisa can me SAID coIonSnv sb ,
Tara the ,nb, ~ g~ AND ths i5,,d ,,baro.
~, - Sai5 co,,1,,o.Iy. Tosd sb,,T hn ca,,.
strnrtcd and for The distance Of eiahtv rod. ,
on "atH sioe o! >alo foaU, ~ suGh lahdS are |
the property of the State Of Louisiana, shall