The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-31


SECTION l. BE Il enacted By the Senate and
House Of Representatiues Of HE State of Lou
tssdnd, ~ General Assembly convened That
section six, OF act No. 81, approved March 8.
1877, be amended and re-enacted so as to read
as foslows The corporate powers Of the
tors, composed Of five stockholders. to be
selected in accordance with the by Laws of the
company, and such officers and agents as
may, from time to time, be appointed by such
board. NO person shall be director who is
not the actual owner OF at least ten shares Of
the capital stock OF said company. Directors
shall be elected every five years after the ex-
pirati0n OF the term of the directors now In
office, and continue in Office until others
are elected to fill their, place; and
their number caused by death, Resignation or
otherwise The directors shall elect every
five years, after the expiration Of the term OF
Office OF the present incumbent, one of their
NUMBER as president OF said company, and
annually one OF their number as vice president.
and they shall elect annually O. superiDten.
dent OF railroad division, treasurer secretary
and such other officers as they NAV deem
necessary, and shall have power to make and
prescribe bylaws, and rules and regulations.
and, from time to time, alter, amend and re-
woke the same; and to do all things necessary
and proper for the government of said COM
pany, and for the exercise Of its corporate
powers; 1or the transfer OF its stock, the
and disposition OF its business, property and
effects, and they shall prescribe the powers
and duties Of Its officers and agents, and do
all other things which may pertain to the
concerns and business of the COMPANY
Sec. Q. Be 1t further enacted, ETC., That Sec
ton twenty l20) OF said act No. 81, OF 1877, be
amended and re-enacted so as to read as fol-
lows: THAT on such report being made by
said commissioners, the court, or judge shall
appoint time and place for the hearing OF
SAID inf tel til
said lands, in regard to the confirmation of
said report, and shall, by order, direct the
manner and form OF the service OF any notice
o1 the same upon the persons that in the
notified, and, on the day OF such hear
Ing, II no person shall appear to OBJ
pose the confirmation of said report. the |
same shall be confirmed by the said court
0r Judge, and an order shall be made reciting /
Inc proceedings OF the appraisal, the confir- |
nation Of the same and description OF the |
real estate, and directing to whom the money
u value OF said real estate is to be paid. or ia
what manner the same shall be deposited by /
'ald company for the use and benefit of said |
oppose the confirmation OF said report, the |
said court or Judge shall hear the parties for |
md against such confirmation, and IL said |
,ourt or Judge shall decide in favor of such |
then the same proceedings shall |
,e had In the premises as heretofore provided |
case no person appeared to oppose said |
confirmation; and IL said court or Judge shall |
iecide against such confirmation, an order
'hall be entered directing said commissioners |
" other commissioners named In said order to |
proceed to reappraisal Of the said premises,
,he proceedings OF which shall be afterwards |!
conducted as in the first instance, except that |
me appraisal and report of the commission
rs on the reappraisal ordered shall be final.
nd shall be confirmed by said court or Judge,
nd the order OF said court or Judge, confirm
ng. any appraisal as aforesaid, shall be final
md conclusive on all parties Interested; prO-
aded, that any party to said proceedings
nay appeal to the Supreme Court from any
nal order therein OF the district court there
q twenty days. of such final order,
nd which appeal may be brought to a |
earring at any general or SPECIAL term |
L the Supreme Court, on ten days
,otlce oy either party. The Supreme
jourt, at such general or special term, may
aake such order and take such further pro-
ceilings, or give such direction therein as it
hall see tit, and may enforce the same.
ending such appeal, as well as pending all
ppeals from parish courts to district courts.
ne said company may take, and hold or re- /!
ain, possession of any lands to which the
aid proceedings shall relate; pr0rsded, 1t
hall deposit such sum OF money or give
1cn security as the court, or any Judge
hereof, shall direct, as security on such i
ppeal.
Sec. 8. Be it further enacted, etc, That sec
on twenty-eight t2s) Of said act No. 81, Of
81, be amended and re-enacted so as to read
follows: "First-That the railroad which is :
ow being extended beyond Morgan City, BY
[organ's Louisiana and Texas Railroad and
Company, shall be completed to
ermillionviile within eighteen months from
le passage OF this amended act; and to some
ne, By sid company or other COMPANY oo.xE |.
scting with them. within elghteen morfhe