The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-03-31
No. 1911 AN ACT
To incorporate the Lake Charles Iouisiana)
and Orange (Texas) Railroad Company.

SECTION !. Be it enacted by the Senate and
House Of Representatives of the State Of Lou
isiqnas IN General Assembly commenced That
4; Il; Moss, William Meyer, David J. Reid,
James ?; Geary, g: P: Hampton, NJ. j. Ros..
teet, J. w. Bryan, s. E. Clement, T. A. Gal
Laughter George II. Wells. j. q. Gray, Green
Hall. Thad; Mayo, " Z. Hutchins, Allen
J. G. Jones. Lemue! G.. Dees, Julien Richard
and B. r.. Stoddard, of the parish Of Calcagiell
and State Of Louisiana, and all other persons,
or corporations, that hereafter may become
stockholders, and their successors, are hereby
and style Of the Lake Charles and Orange
| (Texas) Railroad Company" are hereby aIl-
thorized to construct, own, work and maintain
a railroad from point at Or near the town
Of Lake Charles, Louisiana, to the terminus
Of the Texas and New Orleans Railroad at
Orange, Texas, on the Sabine river, and shall
have all the rights, powers and privileges,
and be subject to all the duties and liabilities
essential and incident to such corporations
company shall be and is hereby empowered
to locate, build, work. manage and repair the
said railroad; to do such acts, make such
contracts, and employ such agents, as they
may deem necessary and proper for these
purposes.
SEQ. O. Be 1t further enacted, ETC.. That the
capital stock of said company shall be fixed
at five hundred thousand dollars, In shares Of
one hundred dollars each; that the directors
OF said company, by a two-thirds vote, shall
not more than one million. dollars That each
share shall entitle the holder to a vote, either
In person or by proxy; provided, that after
the first election he shall have held the same
that the ownership Of five shares shall make
q stakeholder eligible as q director The
number of directors shall be seven, who shall
be elected when the sum OF one hundred
thousand dollars shall be subscribed, and,
when elected, shall proceed to complete the
organization of the company, by the choice
of q president from among their number, and
| the election Of q secretary and treasurer, and
the adoption of bylaws; and the president
and directors shall then be authorized to To-
domicile OF said company shall be in the town
OF Lake Charles, Louisiana, where its office
and books shall be kept and where, upon the
president or secretary, all process shall be
served.
SEC 8. Be 1t further ,macted, etc., That the
above named corporatoIs are hereby consti-
tuted commissioners, of whom nine shall be O.
quorum, til! the corporation is organized
and who shall open subscription lists and ap-
point subscription agents in New Orleans,
Galveston Houston, or wherever else they
may deem fit; and the said commissioners
shall determine, by vote, what the amount OF
| the first installment shall be, and where it
shall be, paid. Meetings of the commissioners
three times and for at least thirty days be-
forehand. and in two newspapers one of
which shall be at Lake Charles, and the other
at Orange, Texas.
SEC; 4; Be i further enacted, etc., That no
stakeholder shall be held liable or response
bic for the contracts and faults of the COM
pany in any further sum than the unpaid
balance or balances due the company on
shares owned by him, nor shall any infor-
malities in the organization have the effect of
lnnuIIInn thiQ n ar nf nv, >,iu, ,
holder to any liability beyond the amount of
said stock subscription unpaid.
SEC. 5. Be II further enacted, etc., That said
company shall have the right of way through
all lands owned by the State, to the extent Of
one hundred feet on each side Of said road
and such further widths as may be necessary
for turnouts, switches, depots, shops, cattle
pens and other necessary appurtenances Incl
dent to its business, and be authorized to take
and use such timber and other materials
thereon, as they may see it, for the purpose
OF construction, within one mile on each side
SEC. 6: BE u further enacted, etc, THAT the
board OF directors shall have power to fix the
nstallneats OF stock to be paid IN, and the
quent subscribers, after thirty days written
notice duly served on them, or to compel
payment by suit. Said board shall fill vacan-
Gies In Itself determine when the subscription
lists shall be closed or suspended and have
power to adopt such bylaws and regulations
the company, its officers, agents, servants and
ilaborers, for the building, working, maintain
Ing and repairing the road, and for the man
agement Of it's affairs In general, including,
among other matters, surveys, engineering,
tolls, fare, freight survey price and sale of
lands, declaring dividends, and the mode of
certifying and transferring stock; and that
the stockholders shall have the power to
ton purposes, at such rate of interest as they
may deem expedient.
SEC. Z. Be 1t further enacted, etc. That this
company may receive subscriptions for stock,
payable in labor, materials or provisions, on
or for said road, or issue construction bonds
for same, and the directors the right, under
such terms and conditions as they may deem
proper, to any holder of bonds, to convert the
same into stock.
SEC. 8. Be 1t further enacted, etc., That this
charter shall continue for the period of
twenty-five years; propided, that the said
road shall be commenced within one year
from the passage Of this act, and be completed
within two years thereafter.
SEQ. 8. Be ii further enacted, etc., That this
company may commence and prosecute its
work, either at the Sabine river, Lake Charles,
or both simultaneously, as 1t may see fit or
SE5: 10; Be it further enacted. ETC.: That if
any of the foregoing sections, or the provis-
ions OF any OF the. foregoing sections Of this
act, conflicts or divests any other railroad
from other franchises or rights granted to
them by the State OF Louisiana, or interferes
with or violates any contract between the
State Of Louisiana and any other railroad or
railway company, then such section or pro-
visions Of such section are hereby declared
null, void, and of no effect whatever.
SEC. IL. Be 1t farther enacted, etc., That
this act shall take effect and be in force from
and after it's passage; and that all laws or
parts Of laws conflicting with the provisions
of this act be and the same are hereby re-
pealed.
(Signed) LOUIS BUSH,
Speaker of the House of Representatives.
(SigneO LOUIS A. WILT,
Lieutenant Governor and President of the
Senate.
Approved March %, 1878.
(Signed) FRANCIS T. NICHOLAS,
Governor of the State Of Louisiana.
A true copy:
WILL. A. STRONG,
Secretary Of State.