The Lake Charles echo. [volume] (Lake Charles, Parish of Calcasieu, La.) 1876-1898, 1879-07-19

laws, nor without Jne coiiSenS u
| persons holding the larger amount
in value of the stock, first obtalDed
AZ a meeting of stockholders to be
held after thirty days notice given
in pursuance of law.
! The term corporation as used IN
this constitution shall he construed
TO il.clude all but stock companies
or associations having any power
or privileges not possessed by IN
tlividuals or partnerships.
1t shall he crime, the nature
and punishment of which shall be
prescribed by law, for any presi-
dent, director, manager, cashier or
other officer or owner of any pub
| Tic or private bank or banking IN
stitntion, to assent to the reception
of deposits, or the creation Of debts
by such banking institution alter
lhe shall have had knowledge OF the
fact that it is insolvent or in fniliDg
circumstances; any such officer,
agent or manager shall be ;ndivld-
iually responsible for such deposits
so received and all such debts SO
created with lns assent.
The general assembly shall have
power to enact general laws au-
thorizing the parochial or munich
nal authorities of the State under
certain circumstances, by Il vote OF
the majority Of the property tax
PAYERS, to levy special taxes in aid
of public improvements or railway
enterprises; provided, that such tax
shall not exceed the rate OF live
mills per nDnum nor extend Tor
longer period than ten years.
ANY railroad corporation or as
ISOLATION orgabized for the pur
pose shall have the right to con-
struct aud operate railroad be-
tween any points within this State
and connect at the State line with
railroads Of other Suites. Every
railroad company shall have the
right with it's road to int.-rsect,
connect with or cross any other
railroad, aud shall receive and
transport each the others pas zen
gers, tonnage aud ears, londed or
empty, without delay Or discrlm-
iuatiou.
Railways heretofore constructed,
or that may hereafter be construct
I'd in tins State, are hereby de-
ciared public highways, aud rail-
road companies common carrlers.
Every railroad or other corpora
ton, organized or dining business
10 this State under the laws or an
thotity thereof, shall have and
maintain public ''ffice or pIac" in
| this State fer the transaction of It's
business, where transfers of stock
shall be nude, aud where shall b..
kept for public Inspection hooks,
| in Which shall be recorded the
amount of the capital stock, the
names of the owners of the stock,
the amounts owned by them re-
spectivelv, the amount of stock
paid. and by whom, the transfers
of said stock, with the date of
transfer, the amount Of its assets
aud liabilities, and the names and
places OF residence of it's officers.
If any railroad company organ
lied under the laws of this State,
shall consolidate, by sale or other
wise, with any railroad company
organized under the laws of any
other State, or of the United
States the same shall not thereby
become a foreign corporation; but
fbe courts of this State shall no
tain jurisdiction in ali matters
which may arise as if said consoli-
dation had not taken place. Inl
no case shall my consolidation
take place except upon public
notice Of at least sixty days to all
stockholders, in such manner as
may be provided by law.
No State Office shall be aontiu-
ued or created in any parish, city,
town or municipality, for the in
spection, measurement or gradual
tian of any merchandise, manufac-
ture or commodity, or for inspec-
ition of weights and measnres; but
such parish, city town or munic-
ipality may, when authorized by
special law, appoint such officers.
General lnws shall be enacted
providing for the creation of pri-