The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1874-03-28
No. 10.
An Act

<A4l Jaw
To aut horize the consolidation of the New
Orleans, Jackson and Great Northern
Railroad Company with the Mississippi
Central Railroad Company and to confer
certain powers, privileges and imniunities
on the company resulting from said con.
.solidation.
:" HEREAS. The property of the
" State of Louisiana and Of the
city of New Orleans will be greatly en-
hadced by the increased efficiency and
economy which will result from the
management of the great railroad line
intending from the city of New Orleans
t. the Ohio river. and there connecting
with railroads diverging to various
points in the Middle, Western and
Eastern States and
Whereas. Tie Legislature Of the
State of Mississippi. by acts approved
Oh the eighteenth day Of April. in the
year 1873, has already auturized and
empowered the New Orleans, Jackson
aud Great Northern Railroad Company
as Mississippi corporation, and in ;,
far as its franchises are exercised il
the State of Mississippi to anal au ait,
and be consolidated with the Missssip-
pi Central Railroad Company.
Section l. Be it enacted by the Sen
ate and House If representatives Of the
State Of Louisiana, in General Assem-
bly, convened. That the New Orleans.
jackson and Great Northern Railroad
Company be and the same is hereby
authorized to amalgHInate and be con
s"Iidat+d with the Mississippi Central
Railroad Company. ii corporation Gre
ated and existing by virtue If the law,
Of the State of Mississippi, Tennessee
and Kentucky. So that said two com
panleS consolidated shall BECOME on,
corporation, on such terms and enndi
tions and under such name as they may
agree upon; and the said corporation
resulting from said consolidation shall
have. possess aud enjoy in p-rpetuity
all the rights, powers franchises, priv
Ieges and immun!tiss originally CON
ferred by law on either If said com
panies Ill their several acts of lncorpo-
ration and the amendments thereto, and
stock of said consolidated company and
the number and value Of shares there
of shall not be fixed in the agreement
of consolidation. the board of directors
nf said company shall have power to
nix the amount of capital stock and the
number and value Of the shares thereof.
and from time to time increase or di-
mlnish the same as may be convenient:
and said shares Of capital stock shall
be deemed personal property, transfer
able according to the bylaws of the
company; and the said consolidated
company may fix the number of its d.
rectors and the time Of their election.
create ana fill such offices as NAV be
convenient. and pass bylaws for the
government of the company and the
management of its Affairs. and the con
solidated company may issue bonds in
such form and denomination and bear.
ing such interest us the board Of di
rectors may determine. to an amount
not exceeding the amount of its capital
stock; and to secure the payment there
OF may mortgage or hypothecate any
or all its property. real and personaI,
its franchises and income, and the. due
record Of said act of mortgage in the
parish or county where the principal
office in each State may be situated
shall be deemed full and sufficient
record of the same. The said con-
solidated company. on either of said
companies prior to consolidation, shall
have power to tske a lease of any rail-
road or railroad route finished or I'M
fn'shed, or any person or company,
chartered or TO be chartered, vii ca
connects or may connect, mediately or
immediately with the lines of either of
said companies, or of said consolidated
company. and may exercise the fran
chises or amy compony now existing or
hereafter created, and to make or
manage any such road upon terms t.
be agreed on; and IL like manner. either
of said companies, as well as said con
solidated company, shall have power
to lease its own road OF roads and roll
ing stock or other property to any
pSAo'h VI Soi PVIail'u uc vi luclbdl
Office Of said consolidated company
and branch Offices may be- established
ut such place or places in or out of thi,
State as the board of directors NAV de-
termine for the convenient transaoiio
of business, and meetings there held
and resolutions adopted shall be lawful
and binding. provided. that an Office be
preserved in the city Of New Orleans,
where a citation may be served.
Sec. 2. Be it further enacted, etc,
That all laws inconsistent with this act
be and the same are hereby repealed.
and that this act shall take effect from
its passage.
(Signed) c. w. LOWELL,
Speaker of House Of Representatives
(Signed) c. C.. ANTOINE.
Lit. Gov. and President of the Senate.
Apprved March Z. 1874.
(Signed) w. ?. KELLOGG,
Governor of the State of Louisiana.
A true copy:
pc DEsIoNDr