The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-03-25

board Of directors thus elected shall hold their
Offices for one year and until their successors
shall DO elected and qualified.
BEG. 9. BE further enacted, eter Ihss es se
stakeholder shall DO entitled TO one vote for
every share Of his capital stock, and shall have
the right 10 vote in person or By written proxy.
Hge. 7. De IL further e,saoted, etc., That the
business of tho corporation shall b conducted
at It's domicile by board OF seven directors, In
whom the corporate powers Of this company
shai DO vested who shall be stocHh0ldsrs, hTe
Of whom shall constitute . quorum TO transact
business. vacancy in the board OF direeters
during the period for which they. were elected
shall be filed by nsjority vote OF the remain
sEo. .. Be u further enacted, eto, That with
In ten days after Board OF Directors shall have
been elected they shall elect one OF their num-
Der President, and msy elect y Vice President
from among themselves to act % President in the
absence or death OF The President. The Board oil
Directors shall elect Treasurer, and Secretary
and Attorney. Such other officers IS may be
deemed necessary shsll be appointed by the
President The directors shall fix the amount Of
salary and compensation Of it's officers, and the
amount Of security TO BIO by them given, and en-
act bylaws and regulations to govern them in
their various duties. -
President of tho company Ii tho officer designa-
ted upon whom legal process may DO made, and
such service may be made In person or by leav.
ing the same ut the office Oh the company at
It's dDmfcie with any OF It's oftieerss
REo. 10. Be IL further enacted, etc.,, That said
company shall have the right TO acquire by pur-
chase any railroad that may connect with It'd
road, and shall have power TO sell and convey lie
own road together with al LIB rights privileges
and franchises.
SEQ. II. Be II further enacted, etc., That the
President Of the company shall have power TO
call special meetings Of the stockholders. whom ia
his judgment the interests OF the road demand
10. -..
SEC. 10. Be IL fu7'dtar enacted, etc.. That said
company shall have the right 10 issue bonds OIL
Thousand dollars Uer mite of rtaA Is be construct
cd by said company. and In order to secure the
interest and principal when due shall BIO eni.
powered TO execute FIRST mortgage ON Gil Ito
property and franchises, and for the purposes
contemplated herein. The length OF the road TO
be constructed In fxed at two hundred miles.
SEQ. 10. Be IL further enacted ETC.,, That the
Alexandria and south Arkansas Railroad Com
psny,' shall have perpetual existence; but said
corporation may be dissolved by vote of four
fths Of the whole stock, Ia which case the PreBi-
dent and Directors shall be created commission
ers to liquidate the affairs Of said company.
SEQ a. Be further enacted. etc., That this
aot shall take effect fevrn and after LIS pas age.
(signed, LOUIS BUSH,
Speaker OF tho House of Representatives
(SignedD LOUIS A. WILTX,
Lsntsnant Governor and President of the Senate
Approved IA arch 80, 1877.
(Jigned) FhANCI5 r. NICHOLAS,
Governor Of the state Of Louisiana
A true copy:
Will A. STRONG, .w#
Secretary OF State.