The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1874-02-21

pany IL also authorized and en-
powered to enter into'any mutual
contract with any other railroad
company or corporation by which
the capital stock and property OF
such other company or corpora
ton shall become merged anu COLI
sOlidated with this said company,
and iuto one joint and common
stock, and he aud exist as one
company, possessing aud enjoying
all the powers, franchises, rights
and privileges granted to or vest
ed in each and all of the CON-
panies so consolidated or united
by the state of Louisiana, or by
other states, or by the United
States, through which the railroad
Of said company SO consolidated
and united may pass; and in case
of any such consolidation the com
mon name of the company so
formed may be designated and
agreed upon by and between the
parties to such consolidation in
their agreement therefor, and
when such name is so chosen and
adopted, this company shall there
after be known by such name;
provided, that in case sufficient
facilities for the transportation of
freight and passenger coming over
said Louisiana Central railway
destined to New Orleans or inter
mediate pOints,or connecting from
New Orleans and intermediate
points between New Orleans and
Vermillion are not promptly fur
nished, by the New Orleans, Mo-
bile and Texas Railroad Company,
then the said Louisiana Central
Railway Company are in that
event hereby authorized and en-
powered to make arrangements
with other railroad companies fol
transportation of its passengers
and freight to and from New Or
leans; to locate, and extend and
construct their said lines of road
and to maintain, manage and ust
the same by running engines and
cars with one or more tracks anC
suitable turnouts by such route.
as its directors may fix from it,
said terminus at Vermillionville t,
the city of New Orleans, and tt
this end and for this purpose tn,
Louisiana Central Railway Com
pany are hereby invested will
the same and any and all powers
necessary thereto, and are ais
made subject to the same condi
ti0ns in respect to such extension
as are herein conferred and i'm
posed upon said Louisiana Raj
way Company for the building Q
said railway from Vermilionvill
to Shreveport, in the state of Lot
isiana as aforesaid.
Sec. Is. Be it further enacted
ETC., That the said company
authorized and empowered frOl
time to time to borrow money {
to purchase property upon it's ow
credit, for the purpose of cor
structing and maintaining sal
railroads or establishing contin,
GUS and connecting lines of raj
roads as hereinbefore provided
and as evidence of the indebte,
ness Of said company for sue
loans or the purchase of sue
property may issue its corporal
bonds or promissory notes, bearin
interest at such rate per cent D.
annum, and made payable at sue
time or times, and such place {
places in the lawful money of tt
United States, or Of any foreig
country, as the directors of til
said company may elect; and
secure the payment of said bono
or notes may mortgage its raj
roads, its capital stock, it's corp
rate franchises, and any of it's re-
or personal property or any pa
or portion Of the same, and it ma
BY its president, or other Office
and agents duly authorized by il
directors, sell, dispose of or neg
tiate such bonds and notes, {
may sell, dispose of or negotia
its capital stock or any of its pc
sonal property at such times an
places, aud at such rates and f;
such prices either within or wit
out the limits of the state of Lo
isiana, as in the judgment of tt
company will best advance its i
terests; and if such bonds, not,
or stock are thus sold at a di
count, such sale shall be in all +
spects valid and binding upon Il
company, and such stock, bon,
or notes shall be as valid for IL
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