New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-11-29

Approved September 20. 1876
tSigned) WIN. =. KELLOGG,
Governor OF the State Of Louisiana.
A true copy:
Assistant Secretary OF State.
No.
AN ACT
To charter the North Louisiana Railroad
Company: defining its objects, duties,
powers and exemptions; authorizing the
corporation to purchase connecting rail-
roads or to cell it's own railroad, and au-
thOrizlng the corporation to issue bonds
of the cOrpOr alton.
SECTION l. Be it enacted by the Senate
and House of Representatives OF the State
of Louisiana in General Assembly convened,
That John C.. MOncure. w. H. Botinger,
James q. Richardson, j. 3. Guthrie. A. H.
Leonard, John Robertson, G: L. Smith,
Elstner, Aleck Boarman. C. White, J.
M. Foster, WIS. Haven. N. w. Murphy.
John j. Koran, A. B. Levisee, T. C. Standi
fer, Adam Riser, F. NJ. Mccormick. L. NJ.
Kidd. o. Fl. Bre wster, D. T. Head, George
w. Tompkins, w. +. Ford. L. w. Baker.
w. Hendricks. B. NJ. johnson. Benjamin
Morey, w. Jasper Black burn, John Young.
J. L. Roche, James Crowell, NJ. Carr, John
G.. Woodville, L. 3. Hadley, A. B. George,
l.. Gaskins, w. c. Broadwell and G. w.
Barnard, and their associates and success
sOrs, be and they are hereby created body
polite and corporate by the name of the
North Louisiana Railroad Company" and
shall be known as such, and have
perpetual succession, for the purpose
Of maintaining and operating y rail-
road and a magnetic telegraph on
the line thereof from Shreveport to
Monroe, with branch thereof commenc-
ing at some suitable point on the main line,
and running via Homer to the Arkansas
line in the direction of Fulton, OF Rad
river, in the State of Arksnsas, and said
corporation is also vested with authority to
construct, purchase or operate o road be-
tween Monroe and q point on the Missis-
sippi river opposite or near Vicksburg. Said
corportion may sue and be eued, have a
common seal, enact and repeal bylaws,
and do and perform all acts, and exercise
all rights and privileges by law incident to
corporations. The domicil of said corpora
ton is fixed at the city OF Shreveport.
SEC. ,. Be it further enacted. etc, That
the capital stock of said company is fixed
at two million dollars, divided into twenty
thousand shares, of one hundred dollars
each. The capital stock of the company
may be increased, by vote of four tifths
of the stock, to an amount Lot excee ding
four million dollars.
SEC. 3. Be it further enacted, etc. That
the officers, engineers, tiremen and other
employees OF said company shall be exempt
from jury duty and from military dpty, ex
cept in case of invasion or resurrection.
SEC. A. Be it further enacted, etc, That
said company shall have the right of way
through all lands owned by the State of
Louisiana, to the width Of one hundred and
fifty feet on each side of their rOadbed,
and shall have the right to cut aud use
timber and such materials on the lands of
the State, as said company may see I'll for
six miles on each side of said road; pro-
vided, that said railroad shall be COM
menced within one year after the passage
of this act, and shall be finished in five
years after the commencement Of work
thereon.
SEC. 5. Be it further enacted. ETC.. That
within six months after the passage of this
act the first seven herein named corpora
tors, or a majority Of them, shall call a
meeting, by ten days publication il the
daily papers of Shreveport and New Or.
leans, OF the inco-porators at the domicile
of the company, who shall fix a time and
place to open books of subscription, deter
mine the amount and terms of payment of
subscriptions to the stock, fix time to
close the books OF subscription and call
meeting of the stockholders OF subscribe re-,
and organize the company by holding an
election for a board of directors from among
the stockholders. The board of direc tors
thus elected shall hold their offices for one
year, and until their successors shall be
elected and qualified.
SEC. 6. Be it further enacted, etc, That
each stockholder shall be entitled to one
vote for every share of his capital stock.
and shall have the right to vote in person
or by proxy.
SEC. Z. Be it further enacted, etc, That
the business of the corporation shall be
conducted at its donicile by board of
seven directors, in whom the corporate
powers OF this company shall be vested,
who shall be stockholders; five of whom
shall constitute a quorum to transact bust
ness vancancy in the board of directors
during the period for which they were
elected shall be filled by majority vote Of
the remaining directors.
Sec. s. Be it further enacted, etc, That
the second election of directors shall be
held at the domicile of the company, on the
fourth Monday of October of the year fol
lowing the first election, and shall hold
their offices for one year from they day of
their election. and until their successors are
elected and qualified, and each succeeding
election for directors shall be held in like
manner and for like period.
SEC. 9. Be it further enacted. etc. That
WlCnlu Lou uhy 8 diUcT d UOdCu Ol UlF6cUOTb
shall have been elected, they ehall elect
one of their number president, and may
elect vice president from among them
selves to act as president in the absence of
the president. The board Of directors shall
elect treasurer and secretary; such other
officers as may be deemed necessary shall
be appointed by the president. The d.
rectOrs shall fix the amount of salary and
compensation of it's officers, and the amount
nj " to no Nv how vfxy ooA
bylaws and regulations 10 govern them in
their various duties.
SEC. 10. Be it further enacted, ETC., That
the president of the company is the officer
designated upon whom legal process may
be made, and such service may be made in
person or by leaving the same at the office
of the company, at its domicile, with any
of it's officers.
Sec. ii. Be it further enacted. etc, That
the said company shall have the right, and
power is hereby conferred upon it, to &C.
quire by purchase or otherwise any railroad
now built, or which may hereafter be built,
between Monroe and the Mississippi river,
at or near point opposite Vicksburg, in
the State of Mississippi, and also any rail-
road now built, or which may be built. be-
tween Shreveport and the Texas S6ate line,
or terminus of the Texas Pacific railroad,
in which purchase they may acquire the
rights, privileges, appurtenances, property,
and franchises of the corporations or COM
panies from whom they may purchase, and
any railroad company or corporation which
has built, or hereafter may build a
railroad between Monroe and the Missis.
eippi river at point opposite or near
Vicksburg, and any railroad company or
corporation that has built or may hereafter
build railroad between Shreveport and