New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-06-20
No. ~.


| T. G. DEsLONDE.
| Secretary of State:
AN ACT
To incorporate the Carrollton and Kenner-
vile Railroad Company.
SECTION l. Be it enacted by the Senate
and House of Representatives Of the State
| of Louisiana in General Assembly con-
vened. That Joseph Keiser, William H.
FiDnegan, Charles keiser, G. j. Mattipgly.
+. II. Kemick, A. E. Buck and Charles Ap-
pleby, or their assigns, and such other per.
sons as may hereafter be associated with
them, their successors and assigns, shall
constitute a body corporate, and are hereby
incorporated under the name of tho Car.
rOllton and kennerville Railroad Company.
| and by that name shall have perpetual sue
cessiOn for the purpose OF building and
maintaining passenger and freight rail-
road as hereinafter described, with such in
cidental powers and privileges as may be
| necessary for constructing, repairing and
working the same.
SEC. 9. Be it further enacted, ETC.. That
| the capital stock of said company shall be
eight hundred Thousand dollars. represent
ed by eight thousand shares of one hun
dred dollars each, with liberty to increase
the same in the manner provided by law.
SEC. g. Be it further enacted, etc. That
the domicile of the company shall be in the
city of New Orleans, and there shall be
seven directors of its affairs, each of whom
shall own at least twenty five shares of the
| capital stock OF the company, and all pow.
ers of the company shall be vested in said
board of directors-a ma jority of the board
being necessary to form a quorum, and DE-
cision OF said ma jOrity shall be valid
corporate act, and the following incorpora-
tors shall constitute the first board of direc.
tors. to wit: Joseph Keiser. William H.
Finnegan, Charles keiser, III. Mattingly.
f. ii. Remick, A. E. Buck and Charles
Appleby, and they shall at their first meet
ing elect one Of their number as president
OF said corporation; said board shall serve
and remain in office until superseded by
their successors, who shall be elected
as hereinafter provided for, and it
shall be the duty of the first
board Of directors to open books of
subscription to the capital stock of the COM
pauy; five per cent of the amount subscribed
for shall be paid for by the subscriber at
the time of said subscription, and the bal
ance in such installments as may be re-
4uired by the board of directors; provided
that no more than ten per cent of said sub
scription shall be called for oftener than
once in thirty days, and if any subscriber
shall fail or neglect to pay any of the in
stallments thus required to be paid within
and payable, the stock on which it is de.
manded, and the instalments paid thereon.
may be declared forfeited to the company
by the board of directors; and should they
deem it advisable they are authorized to
receive subscriptions to make up such def
Gent shares.
SEC 4. Be it further enacted, ETC.. That
board of directors shall be elected on the
first Monday in May, 1875. and annually,
BY the stockholders, at the Office Of the
company: of which election at least ten
days previous notice shall be given in one
newspaper published in the city OF New
Orleans, and one published in the parish of
Jefferson, and no election shall be valid un-
less a majority in the amount of all the
stock of this company is represented, and
the stockholders receiving majority OF the
votes Of the stock thus represented, and
voted upon counting one vote for each
share of stock, shall be declared duly
elected directors, and the directors so elected
shall hold their first meeting one week
after their election, and shall elect, by bal
lot, one of their humber president OF the
company. AL citations and other legal pro-
cess shall be served upon the president.
The board of directors shall have power to
ill vacancies in their body, that may be
occasiOned by death or otherwise. and to
adopt such laws and regulations as they
deem proper. for the government Of the
company's affairs. and to delegate such of
their powers, as may be necessary, to off.
GERS or agents: and the company shall have
a corporate seal. the device on which shall
be the name of the company, and in the
centre pelican feeding its offspring.
SEC. 5. Be it further enacted, ETC.. That
the said corporation is hereby invested
with all the rights and powers necessary
for the constructing, repairs and working
of a single or double track railroad, or
both. between the city Of Carrollton and the
town of Kennerville, parish OF Jefferson,
the said railroad to commence at the inter
section of Lowerline and Third streets, in
the city of Carrollton, continuing along
Third street to Canal avenue, thence along
the west side of said avenue to Fifth street,
and along Fifth street to Upperline street.
in Carrolton. then to continue through the
parish of Jefferson, left bank. between the
Mississippi river and the jackson railroad
to Williams street. in the town of Kenner
vile, in said parish, and the work to be
commenced within one year from the date
of the passage of this act, and to be com |
pleted within three years from the date OF
the approval of this act by the Governor.
SEC. 6. Be it further enacted, etc. That
the CarrolltOn and Kennerville Railroad !
Company shall assume all and singular the
contract and obi CATION of Joseph Keser as
principal, and John T. Michel as security,
in and for the contract and acceptance of
the right of way, for the construction Of
street railroad in the parish of Jefferson as
per act passed before William Henry Poses. !
a notary public, in and for the parish OF
LETTERS son, on the seventh day of December,
1871, and this corporation shall hereby bind
itself to construct said street railroad &C
cordiny to the plans and specifications, and
within the time and in the manner set forth |
in said act, and the subsequent resolution
and ordinances of the police jury OF the
parish of Jefferson, left bank, relative to |
the same. and to do all and perform and IN
all respects comply with all conditions:
clauses and stipulations contained in said
act, and in said subsequent resolution and
ordinances, which act Is hereby made
part of this act of incorporation tor greater |
security and in consideration and payment
in full of the assignment and transfer OF
the afOregOing contract of Joseph kelser.
the company shall upon the demand OF said |
Joseph Keiser, issue and set over to him,
four thousand five hundred shares OF the |
capital stock of said company, at the rate
Of one hundred dollars, the same to be |
issued and delivered to said j. keiser. rs |
full paid stock.
SEC. Z. Be it further enacted, etc., That
the corporation shall 60 into operation from
and after the date of the passage OF this act; |
provided, that one thousand five hundred
shares of the capital stock has been sub
scribed for, and shall continue for and dur
ing the term of thirty years.
Sec. 8. Be it further enacted. ETC., That
the grant of the right of way and OF the
franchises and privileges relating to the
CarrolltOn Railroad Company made by the