New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-02-26


snet as shall have been mOrtgaged to it il
satisfaction of debts contracted in thu
conrse of it's dealings. or purchased at sale
nnon judgments which shall have been oh
tanned tor such debts.
SEC 9. Be it further enacted, ETC., Tha
the capital stock of eaid corporation shall
he 100000, divided into two Thousand
shares of $50 each.
SIC. 3 Be it further enacted, etc., That
"a soon az possible after the passage IF thit
act. books OF subscription shall be opened
in New Orleans, and as soon rs five hun
dred shares Of stock shall have been taken
a meeting of the Subscribers shall be called
At which meeting board of directors shall
he chosen to serve u9til the first Monday OF
sors shall be chosen; provided, that no one
shall be director who is not q resident OF
Louisana; provided further. that the incor
poratOrs shall have power 10 fix the per
centnm to be laid upon subscribing to The
stock, and the time at which further install.
ments may be called in until the election OF
the first board of directors, when the power
shall rest with them and their SUCCESSORS in
Office.
SEC. 4. Be it further enacted, etc., The
dOmicile Of the corporation shall be in the
city OF New Orleans; its officers board of
twelve directors, who shall elect from anon 2
their number president, upon whom pro-
cess shall be served, and also secretary
and treasurer; all officers to. be elected an.
nually ON the first Monday of January of
each year, by ballot, each share represented
vote. The president and secretary and
treasurer to be paid = salary, to be fixed by
the board of directors.
SEC. s. Be it further enacted, etc., The
board Of directors shall have power to fill
vacancies occasioned by removal from the
State, death, resignation or otherwise, for
the remainder OF the year in which said
vacancies shall occur.
Sec. 6. Be it further enacted. ETC.. That
8 majority Of the board of directors shall
constitute q board for the Transaction of
business, with power to make and prescribe
such bylaws, rules and regulations as shall
appear needful and proper, and to appoint
such officers, clerks and assistants as ma,
be necessary for the carrying on of the
business and affairs of the corporation. al
lowing them such salary as they may see
proper.
SEC. Z. Be it further enacted, ETC.. That
the directors may declare such half yearly
dividends Of the profits of the corporation
as they may deem advisable, and at each
annual meeting for the election of directors
shall lay before the stockholders q state.
ment ct all tho affairs and concerns of the
company.
SEC. 8. Be it further enacted, ETC.. That the
Louisiana Telegraph Company, their sue
cessOrs and assigna shall have and be
entitled to the privilege and franchise, from
and after the passage of this act, yfor the
period of twenty-five years. of constructing
and operating line or lines of magnetic
telegraph for the purpose of transmitting iu-
telligence for Themselves and other persons
along the line or route between the cities
New Orleans and Shreveport, passing
through and connecting with such way sta
lions as may be deemed expedient to and
from said cities aud way stations, viz: From
New Orleans, twenty five mics to Hahn
vile, thence sixteen miles to Edgard,
thence eighteen miles to College Poi.
thence eighteen miles to Donaldsonvlilo.
thence twelve miles to Plaquemine, thence
tweDty-four miles to Baton Rouge, thence
sixty-twO miles to OpelOusas, thence forty
live miles TO Cheneyville, thence twenty
two miles to Marksville, thence thirty-one
miles to Alexandria, thence fifty-four miles |
to Natchitoches, thence thirty miles to !
thence seventy miles to Shreve- |
port, more or less according to the official |
and surveys.
Sec. 9. Be it further enacted, ETC., That |
for the purpose of carrying the foregoing
section into effect the Louisiana Telegraph
Company, their successors and assigns, are |
hereby granted the right of way. and shall |
be and hereby are authorized at any time
after the passage OF this act, to erect posts
in the ground, 200 feet apart, more or less
30 may be deemed advantageous, upon
which to string wires in the usual way OF
such lines for Geographic pur.
poses, over all lands, highways or navigable
waters Owned by the State, and for the
purposes Of this act to carry into effect the
privilege of right of way herein granted
may herein enter upon private lands and
the use of sufficient land for
the foundation of the posts to be erected as
pedient. along the line or routo as set forth
n section eight.
SEC. 10. Be it further enacted, etc., That
he tariffs and rates of charges shall be
inform, and not to exceed the regular rates
charged by other similar interpretations of
he State of Louisiana.
SEC. ii. Be it ful Their enacted, etc., That
he Louisiana Telegraph, Company, their
successors and assigns, their officers, en-
.loyes and assistants. may at any and all
ines after the passage Of this act. for the
aid period of twenty-five years, for the
purposes of constructing. repairing and
said line, enter upOa and travel
YER the said route, its deviatiOns and
ranches.
SEC. IL. Be 1t further enacted, etc., That
any person or persons shall willfully do
r cause to be done any act or acts what
oever whereby any building, construction, 4
osts, wires or works of said company, or
ny machine, engine or structure, or any :
latter or thing app9taining to said teIe- {
raphic line or lines, right of way, privi
ges, franchises or appurtenances, shall >
Q stopped, cbstructed, impaired, weak .
led, injured, thrown down, cut or. des- r
Dyed. the person 50 offending shall be a
semed guilty of mIsdemeanor, and :
lall forfeit and pay to said company f
Duble the amount of damage sustained |
= the reason of such offense or injury, to
. recovered in the name of said company
18th costs OF suit, by action OF debt, and
lch Offenders shall also be subjected to IN
and shall be sentenced On convic- n
Oh to imprisonment in the parish Jail, at
10 discretion of the court, for period not
lceeding eighteen months. a
Sec IL. Be it further enacted, ETC., That Il
9 said company is authorized and en- il
'wered to purchase or Manufacture all :;
aterial necessary for its purpose as herein a
scribed, and shall have power to pur o.
ase and use any patent or patents, t.
right to the same for the said purpose, e.
t nothing in this act shall be construed to "
70 this company q right of way to the ex. .
lsion of other telegraph companies u
8 works of said company and its 81
es as aforesaid shall be completed from p
, city of New Orleans to the city Of =
80 that intelligence may be r.
by magnetic telegraph between
, two cities within six years from the g
ssage of this act, and in case of failure, ~
IN this act of incorporation to be null B,
void. b,
SEC. Is. Be it further enacted, ETC., That pe
acts and parts Of acts heretofore passed c ot
affecting in any manBer with the provi-
rs OF this act are hereby repealed.
'EC. 10. Be it further enacted, etc. That
8 act shall take effect from and after its