The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-03-27

teHtlary, on t1e part OF tne leSSeeS 10 SUD-
lessees, shall be subrogated to the State I'M
til the amounts now due or falling due by
present lessees to the State shall be lfqui-
dated.
SEC. 7. Be 1t further enacted, ETC., That In
case the PeniteDtiary should on any account
be left without proper custodian and keeping
by the abandonment of the same by said
essees inviolation Of said contract or other
wise, then the Governor Of the State shall
have authority to take such measures for the
safe keeping, maintenance and employment
of the convicts therein. as may be necessary
which authority shall cease within twenty
days after the assembling Of the Legislature
at its next regular or called session there
after.
SEC. 8. Be 1t further enacted, etc. That this
act shall take effect from and after It's pass
Signed LOUIS BUSH,
Speaker of the House OF Representatives.
(SigneO LOUIS A. WILTZ,,
Lieutenant Governor and President of the
Approved March = g, 5 1873; r. ,,cto,,,
Governor of the State OF Louisiana.
VIII ', IL o' <. STRONG. Secretary Of State
No. ~ AN ACT
To incorporate the Red River and Mississippi
Railroad Company.
WHEREAS, A corporation, styled "The Red
River and Mississippi Railroad Company"
has been created under the act of the Legisla-
ture entitled IAN act for the organization OF
corporations for works OF public improve
ment, and for other purposes" approved
March IA, 1885, which said corporation was
enacted in the following words and figures to
wit:
CHARTER OF THE RED RIVER AND
MISSISSIPPI RAILROAD COMPANY.
STATE OF LOUISIANA,
Parish of Caddo. {
Be it known, that on this eleventh day of
October in the year Of our Lord one thousand
eight hundred and seventy seven, before me,
M1 pnr ii W n s net"e dRy "D aomm IN s@d tsf
and qualified, and in presence Of the wit
nesses hereinafter named and undersigned,
personally came and appeared }, q: McWil-
liamss, r. E Howell, n: Gregg, ,: Fl. Lind
Bruner, b. N. Mcclellan, Joseph Boisseau, J.
Ward, j. M. Hollingsworth, A. Currie, N. 9.
Blanchard and W. Fl. Wise, of Caddo parish,
lsh, said State, who severally declared that,
availing themselves of the powers, rights
and privileges conferred by the statutes
of the State of Louisiana, rela-
rations in this State they do by these pres
ents, form, organize, constitute and found
corporation for the objects and purposes as
shall hereafter be enumerated and set forth,
and to that end they do hereby covenant and
agree to form and constitute themselves and
all such other persons as may hereafter be-
come associated with them, into q body cor
porate, for the purpose OF constructing main
tanning and operating a railroad and q mag
netc telegraph on the line thereof from
Shreveport to Monroe La, and thence to q
point on the Mississippi river, at or near
| Vicksburg either by construction or by the
purchase OF any road already built and OF
such gauge as may hereafter be determined;
an m a m va n
common. seal, enact and repeal bylaws, may
hold real and personal property, may make
| contracts, may receive grants OF land on per-
sonal property, and shall possess all the
powers and privileges which corporations are
or may be, by any general law of this State,
| authorized to possess. The domicile of said
corporation is fixed at the city of Shreveport,
said parish and State. and shall have cor
Of fifty years from date of the execution of
these presents, unless sooner dissolved in the
manner hereinafter provided for.
ARTICLE ONE.
The capital stock of this corporation is here
by fixed at not less than twenty-five thousand
dollars, and shall not exceed the sum OF one
million dollars
ARTICLE TWO.
The amount Of shares of said capital stock
OF said company shall be the sum of fifty dol
lars, and the time and manner OF payment for
stock shall be such as may be determined by
the board Of directors to be hereafter elected;
provided, however, that such payments on
twenty-five per cent thereof at any one time,
nor be made oftener than once every sixty
days.
ARTICLE THREE
A board of directors, to be composed of fif-
teen stockholders shall be elected at the first
meeting after adoption of this charter q
majority Of the votes Of said stockholders
being necessary to a choice, and the votes
shall count by shares and not by persons,
each share being entitled to a VOTE and be-
fore any stakeholder shall be entitled to vote
for directors he must pay in cash ten per cent
upon his subscription.
ARTICLE FOUR.
Within ten days after q board of directors
shall have been elected they shall elect one of
their number president and may elect vice
president from amongst themselves to act as
president in the absence Of the president. The
board of directors shall elect a treasurer, sec
rotary and such other officers as may be
deemed necessary. The directors shall fix
the amount of salary and compensation of all
it's officers and the amount Of securities to be
given by them, and enact bylaws and regu a.
tons to govern them in their various duties.
.M.m..m ARTICLE FIVE.
The president of the company is the officer
designated upon whom legal process may be
made and such service may be made in per-
son or by leaving the same at the office Of the
company at its domicile with any Of it's Off
GERS.
ARTICLE SIX.
The president shall have the power to call
special meetings of the stockholders when
ever, in his judgment, the interest of the
company may require such meeting or meet
ings.
ARTICLE SEVEN.
No stockholder shall be responsible or held
liablefor the contracts and faults of the COM
pany sn any further sum than the unpaid bal
ance Sr balances due the company on shares
owned by him, nor shall any informalities in
the organization have the effect of annulling
this charter, or Of stakeholder to any liza
bility beyond the amount Of his stock sub
scription unpaid.
ARTICLE EIGHT.
The stock books shall be kept at the office
of the company, where certificates of stock
shall be issued to the subscribers but no
transfer Of stock shall be binding upon the