New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-12-22
LAWS OF THE STATE Of LovIsIaaa.
PUBLISHED By AUTHORITY,
Regular Session of 1872.
AN ACT

AN ACT
| To authorize the New Orleans, Rato,
Rouge and Vicksburg Railroad C0rANauy
to select the point or points for the sSy S
| mencemeHt of their road; to reduce to
liability of the State of Louisiana
authorizing said company to issue first
mortgage bonds, and to construct and
employ, or cause to be constructed OF
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 Decemhep
80, 1869, entitled an act to incOynorotn
''the New Orleans, Baton Rouge and
Vicksburg Railroad Company, and tn
expedate the construction of their road .
the Governor OF the State was aurhoriyaS
to indOrse the guarantee of the State upon
the second mortgage bonds of said railroad
company to the amount of twelve thousand
five hundred ISL, 50O) dollars per mile
upon the completion of each twenty miles
OF road; aud,
Whereas, Said company has, by act of
Congress approved March 3, A. d. lS7I}, en-
titled an act to incorporate the Texas
Pacific Railroad Company, and to aid
in the construction of its road, and
for 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 CuDgress
have become the grantees of every alter,
nate section of land in a belt of fortv 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 hv
the government of the United States by
the withdrawal of all the public lands with
in Che aforesaid boundary for sale or entry
under any law; and whereas the early com
n sfpIo Il
the New Orleans, Baton Rouge and Vioks-
burg railroad is secured by said grant Of
land from the Uaited States governments
and the Legislation herein provided.
SECTION /. 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
Vicksburg Railroad Company shall have
tull power and authority to commence the
construction ottheir road in the city Of New
Orleans or Shreveport, or at any iDterme-
date point or points on their line of road, as
may best suit the convenience of said COM
pany, and facilitate the speedy construction
IF a continuous line from the city of New
Orleans to the city OF Shreveport, or perfect
abroad communication with the Texas
Pacific railroad, or any other railroad In
North western Louisiana, at or near the
louisiana State line; provided, however,
hat said company shall construct the line
If its road between the city of New Orleans
md the city of Baton Rouge, on the east
tide Of the Mississippi river, to the eorpo-
ate limits Of the said city of Baton Rouge,
N adjacent thereto. And the said New Or
cans, Baton Rouge and Vicksburg Railroad
Company is hereby authorized to issue,
rom time to time, as it shall deem proper
is first mortgage bonds, to an amount not
exceeding thirty thousand dollars per mile
Upon its line of railroad, or any part
a
interests in gold or currency, al
he option of the said COMPANY.
With interest coupons annexed. The ma
urity of said bonds may be fixed by said
company at any time not exceeding forty
ears from the date thereof, and bearing
Interest," at a rate not exceeding eight per
ent per annum, and TIE said coupons pay
bile semi annually, en- the presentation
hereof lib he city of New York, or at such
'ther place or places as the company NAV
designate; ard the mortgage thus to be
lven to secure the payment of said bonds
nd coupons shall carry with it first lien
md privilege upon the real and personal
property ana effects of said company, and
IL lands acquired by act of Congress or
otherwise; provided, however, that if the
aid company shall make and issue FIRST
nOrtgage bonds under this act, thea and In
hat event the State aid and guarantee in
ayor of said company to the amount of
we've thousand hVe hundred tSl25G0) dol
airs per mile heretofore given By the State
nder act OF December 30 A. D. 1862 shall
re considered as relinQuished, so far as il,
ppeTains to that portion of its road, or
ranches. on the east side of the Mississippi
iver, upon which the aforesaid first mort
age shall be made and issued, and upon
be entire road, whether main line or
ranches, on the west side of the Missis-
ippi river; and the State of Louisiana
INV n 10 J;rbs
0 give the aforesaid aid and guarantee
pom all the road covered by the bonds
nd mortgage herein authorized to be is
ned.
SEC. 2. Be it further enacted, etc, That
ne said railroad company with view to
scilirate the traffic of the said railrOad,l
re hereby authorized and empowered
, build and maintain, use and
8erate. or cause to be built,
ther vessels of sufficient capacity and size
IT the purpose of trans porting passengers
: freight over or upon the Mississippi
yer, or any other stream or streams within
le State of Louisiana; and shall have the
ght to contract, maintain and operate, or
fuse o be contracted, maintained and op~
'ated, % line or lines of telegraph along any
triton of said railroad within the State Of
az Q ana.
SEC, 3. Be it further enacted etc, That
/ the rights, grants, powers and privileges
'retotore granted to the said company
all remain intact, except so far as they
ay be altered, changed or impaired by the
usage Of this act, and all acts or parts of
It's inconsistent with this act are hereby
pcaled.
SEC 4 Be It further enacted, etc, Thaa
is act shall take effect from and attes It's
tssage.
(Signed) o. II. BREWSTER,
Speaker of the House of Representatives.
(Signed( 2. B. S. PINCHBACK,
eutenaut Governor and President Of the
Senate.
bSigned) Fl. G. WARMOTH
Governor of the State Of Louisiana.
Approved December IL, 1872.
A true copy:
GEORGE T.. BOvEB,
Secretary of State.
The foregoing act having been presented
the Governor for his approval on the
It'll day of March, 1872 and not having
en- returned by him to the house, in
IL