New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-05-01


by said incorpOratOrs. or a majority thereof;
pro vided, that said real estate so offered in
dalton en- Placement, be not incumbered with
mortgage or other inclmbrance, the title
thereof perfect, and, in the opinion of said
incorpOratOrs, or a majority thereof, such
payment is for the interest of said railroad
company.
SEC. 9. Be it further enacted, etc, That
in case anv land through which said com
panv NAV conclude to construct its railway
belongs to the estate of any deceased per
son. il NAV then con tract therefor with the
executors or administrators OF such; or IN
case such lands belong to minor or person
non cOnpos uentiS, then with his guardian
or tutor; or in case said lands be held by
trustees of school sections or other trustees
of estates. then with such trustees, guafdl-
ans or tutors; and such trustees, executors
administrators and guardians are hereby
declared competent for such estates per-
sons or minors, to contract with SAID COM
pany to use, occupy and possess the JANUS
of such persons, estates, minors or trustees
SO far as may be useful and necessary fOr
the purpose of said railroad, and the act ana
deed of each executor, administrator, cura-
tor, tutor, guardian or trustee In reiatlon
thereto shall pass title in such lands, III
the same manner as if the said deed or act
were made or done by legal owner OF InlL
age and sound mind; and such executors
administrators, CuratOrs, tutors. guardians
or trustees shall account to those Interested
in their respective lands for the amount
paid him in pursuance of such agreement;
and, if the said company and the parties
representing lands prefer. they may refer
the question of compensation to arbItratOrs,
mutually chosen, whose award, or that OF
their umpire, in case of disagreement, shall
vest title according to its terms and De con-
elusive in the premises.
SEC 10. Be it further enacted, etc, That
the said company are hereby authorized
and empowered to obtain, by grant OF
otherwise, from any Incorporated city or
village that may be situated upon or CONT
guous to its line of railway, any right,
privileges or franchises that any OF said IN
cOrpOrated cities or villages may choose to
grant in reference to the construction main
tenance and management of the railroad
of said company, its depOts, cars, lOcomO-
tives, and its business within the limits of
any such incorporated city or village; and
any such incorporated city of village, as
herein before named, is hereby authorized
and empowered to grant to said company
any such rights, privileges and franchises
as It may deem proper and advisable; and
such rights, privileges and franchises, when
granted to and accepted by said company,
from any such incorporated city or village,
shall be deemed and taken as rights, priv
leges and franchises vested and confirmed
in said company and not liable to be here
after revoked, changed, injured or impair
ed, except with the consent of said COM
pany.
SEC. IL. Be it further enacted, etc, That
all general laws heretofore enacted by the
of Louisiana for the benefit of
for the purpose of enabling them
to appropriate property for the use OF the
same, shall be and tie same are hereby de-
claTpd tO aDnlY TO this cOrDOrafiOQ.
SEC. u. Be it further enacted, etc, That
in case a stakeholder fails to pay the in
stallments due on his subscription of stock,
as the same may be required by the board
of directors, at the time and place required
by said board for such general payments,
the board of directors shall have the option,
after having first given thirty days notice
to said stockholders in the manner to be
by the directors, Of FORGETTING
the stock and selling it for the benefit of
the company, or compelling payment by
suit therefor. No stakeholder shall be
permitted to vote while in default on such
payment. A stock book shall be kept at
the domieile of the company, and the
president shall issue certificates of stock
TO stockholders, and no transfer of stock
shall be binding on the company until IT, be
on their stock book under such
as the company may make
through its board of directors.
SEC. -. Be it further enacted, ETC., That
the president, with the sanction of a ma
Ority of the directors, shall have power to
ocate said road, or such portion as NAV be
ready to be contracted for. He shall in like
manner have power to make contracts for
The grading Of the same; of procuring wood,
ron and other materials for the cOnstruc-
ion OF the same; of building depOts, water
stations, and the necessary structures there
.or: OF procuring locomotives, ears and other
articles necessary for a full equipment of
said road, and OF paying for the same in
stock OF the company, with its money and
other funds, in bonds or obligations of the
company, and with any effects belonging to
said corporation, as by said board of direc-
-Ors, or majority thereof, together with its
said president, may be agreed upon.
SEC. IA. Be it further enacted, etc. That
said railroad company shall have the right,
tnd they are hereby authorized to build
bridges across all such water courses as the
inc OF said railroad may cross All such
bridges over navigable streams shall have
we'll constructed and suitable draw there
n, which, when open, shall give a clear
pace OF not less than ninety feet for the
passage OF vessels; and said company shall
1t all times open the said draw for the pass
lge OF all vessels requiring the same. ex-
'epJ during and for ten minutes prior to
md after the time of the passage of the
nall and passenger trains of said company.
md said company shall not be required fo
construct a draw in any bridge over and
lcrOss any stream or bayou on the line of
is railroad other than those which are de-
Jared and recognized as navigable, unless
ne future requirements of commerce shall
demand the same.
SEC. 10. Be it further enacted, etc. That
ald railroad company, with the consent of
ne owners OF lands fronting upon any nav
gaDIe water course or after such lands
rave been acquired by said company. by
purchase, release, donation, or in anv other
manner IN accordance with the laws of
LOUISIANA, or the authority granted by this
ertIlCoL' may erect, construct, and there
liter maintain, and use wharyes. ware
Houses, depots, or other BUILDINGS and
fractures, IN and upon the martins or
Ipoh Chee portion of the margins, reserved
o puOlIc use of any and all navioable
lVers, oayOus or water courses of tbe
'Iate, whenever the same NAV be deemed
y majority of the directors of the said
oIPahy necessary and requisite for the
- ililn@Oe ana convenient transaction of q
he 1i BUSINESS ne oI the company, and within
Ne unit OF Incorporated cities and +ouns
Z ne mayor and the majority of the council
l each city or town NAV authorize the
INSTRUCTION OF said wharves. warehouses
spots or other buildings and structures in
ronC OF all public squares. lots or streets
laI may be bounded by such navigahIe
atef course. That said companv he and
icy are hereby authorized and empowered
construct, equip, and thereafter to own,
s Poti%IGe; MAINTAIN and enjoy the riEht to
'taDIlsh suitable boats on the BTississinni
yer, at the eastern terminus of its said
AWAY, tor the purpose of transferring its -
,e1sqt and passengers from the west to the
IsI Dank OF said Mississippi river; and
nen' III the opinion of the board of direc-