New Orleans Republican., 1872-05-02
No. 32.
AN ACT

( To incorporate the Eidal;a. Alexandria and
Texas Railroad Company, and to grant
State aid thereto.
SECTION l. Be it enacted by the Senate
and House of Representatives of the State
of Louisiana in General Assembly convened,
That Oren Mayo, J. w. Young, George w.
Green, II. H. Harris, L. ID. Aldrich, S. NJ
Preston, A. V. Davis, Wade H. Houeh,
Samuel II. Lambdin, Thomas Reber. q.
Spencer Mayo, William B. Spencer. ohm
R0wle, William T. Martin, A. T. Bowie,
Paul A. BOttO, D. L. Rivers, Noah Reddick,
l.. g. Spencer, j. H. BOatuer. Fremun Brett
haupt, T. 0. Moore, T. G.. Manning, H. s.
Losee, Patrick O'Hara, Henry Boyce. Sam
uel $. BOwman5 j. Fridler, II. Clay Staples,
Nathan Lorie, A. j. King. A. J. Sexton, A.
g. ObeT, F. A. HuBt, G. B. Loud, E. J. An
thOny, David Young and George Washing
ton, their associates and successors, are
hereby created a body corporate, in deed
and IN law, to be known by the name, style
and title of the Eidalia, Red River and
Texas Railroad Company, and bv that name
shall be able to sue and be sued, plead and
be impleaded, and shall have perpetual sue
cessiOn, and make and have a common seal
and the said corporation is hereby author
lied and empowered to lay out, locate CON
struct, equip and thereafter to own, main
tain, operate and enjoy continuous single
or double track railway from the Missis-
slppl river, commencing at or near the town
of Nidalia, in the paGish Of COncOrdia, and
running thence by the most direeC and eligi-
bic route to the town of Alexandria, or to
such other point as the company NAV deem
advisable, on Red river, and thence to
Texas, or TO such point within this State,
and to form such connection with other rail
roads, now or hereafter to be constructed.
as said company may indicate provided,
that said railroad shall be commenced
within three years after the passage Of this
act, and shall bC finished within seven Years
alter the commencement of said work pro-
vided further, that said railroad shall not
strike Red river at any point above the town
of COushatta.
SEC. 2. He it further enacted, etc, That
the capital stock of said company shall be
Gxed at three million dollars, in shares of
Gt one hunGred dollars each, with power go
SAID company to increase it's capital stock to
six million dollars. The stock of said com
pany shall be deemed personal property,
ahd shall be transferable on the books Of
the company at such transfer .efice as the
company mag establish, under such rules
ana regulations as the company may pre-
scribe.
SEC. 3. Be it further enacted. etc, That
the domlclle of said company be fixed at |
Nidaiia, Louisiana. The business of the |
shall be conducted at it's said
dOmieiIe, by the cOrpOratOrs or q majority |
thereof, until therelectiOn of a hoard of di- |
rectOTs under this act. All services of pro- |
cess may be made on president to be |
erected by the cOrporatOrs, until the organ |
lzatIon of a board of directors, and there |
alter upon the president of the company |
erected by the board, or, in case of his ab- |
sehce' upon the president pro TEN. Said |
corporators shall open books of subscPip-
tlOn 10 the capital stock OF said company. |
A payment OF nVe per cent on the amount |
OF each snare shall be made at the time of |
The subsaoupDt Davman+s
shall be made in such sums. AT sucb 1eriods
and under such regulations as shall he ixed
by the board Of directors. As soon as two
hundred thousand dollars of the canitaI
stock OF said company shall have been sub
scribed, and the first payment of five per
cent thereof paid to the treasurer elected
by sald cOFPorat0rs, a meeting of the stock
holders shall be called, which stockholders
shall elect a board of directors, to consist of
thirteen members, each of whom shall be
in their own right to not less
than ten shares. The said call and election
shall be made and held under such inspec-
tors and tellers, and with such regulations
rs the cOrpOratOrs may prescribe. A ma
iOritV Of the cOrpOratOrs named in this act
shall be a quorum for the transaction of
business. After the election of a board of
directors quorum for the transaction of
business shall not be less than majority
Of the whole number elected. The direc-
tors shall meet and elect one of their BODY
as president of the company as soon as
practicable after their election, and
select another as vice president TO
act in the absence of the presi-
lent; in which case he shall perform the