The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-29
pany gave the State II, 22o shares Of the capt.


pany gave the State II ,22o shares or the capi-
tai stock OF said company.
That the Supreme Court Of the United
States, In the case Of Henry r. jackson ct al.
fraudulent and void, the title Of the incor-
Vorators OF the North Louisiana and Texas
Railroad Company, and of said company to
ell the property, rights and franchises Of the
vicksburg, Shreveport and Texas Railroad
Company, and that for that reason the stock
owned by the State In said company is almost
entirely valueless.
That the State has funded all Of the bonds
Issued to the North Louisiana and Texas
Railroad Company, except $4,000; I'D otner
words, that the State now pays interest an
Dually on consolidated bonds exchanged lor
said bonds to the extent and am0uns VI
$667, 200-an annual amount Oh $46,ioa Vi IL
terest. Nj.
Your committee does not take upon itself
to saw what legal proceedings can or ought
to be taken In the premises to protect the
interests OF the State, as that matter WOulu
necessitate an investigation OF intricate legai
questions They therelope, NJ mn ssr rssoiu
Hon and request that immediate action be
taken on the same
Respectfully submitted.
II. @. MITCHELL, Chairman.
o. DEBOUCHEL,
VIM. HARPER.
The accompanying Joint Resolution is az
follows:
of the State to take legal proceedings
against the North Louisiana and Texas
Railroad, and to employ counsel, IL he
deems 1t necessary.
BE Il resolved by the Senate and House Of
Representatives. Of the State Of Louisiana,
IN General Assembly conrened, That the Coy
ernor is hereby authorized and requested to
take whatever legal proceedings against the
North Louisiana and Texas Railroad Com
pany that may be necessary to enforce It's
obligations to the State, and to protect the
interests Of the State: and that, il he deems 1t
necessary, he may employ counsel to assist
the Attorney General In the prosecution oil
said proceedings.
HOUSE BILLS ON FIRST READING.
On motion of Mr.. Steven the rules were sus-
pended In order TO take up at this time House
bills received In the Senate to-day, with q
view to referring them.
House bill No. 80,
can act to authorize r. A. Flanagan to sue
the State
Which was read the first time
The constitutional rule being suspended by
four-fifths affirmative vote Of the Senate
the bill was read second time and referred
to the Committee on Claims.
House bill No. 49,
"An act to impose q license tax upon trades
and professions and occupations for the bene
fit Of the general fund tax, and to repeal act
No. 20 Of the extra session, approved April ~
1878, and known as the 'Moffett register
law"
Which was read the first time.
The constitutional rule being suspended by
four-fifths affirmative vote Of the Senate
the bill was read a second time and referred
to the Committee on Finance.
INTRODUCTION OF BILLS.
Mr.. Steven obtained unanimous consent and
introduced at this time,
Senate bill No. 100, entitled
IAN act for the relief of the heirs of Charles
n. Conrad, deceased"
or which previous notice had been given.
The bill was read the first time.
The constitutional rule being suspended by
q four-fifths affirmative vote OF the Senate
the bill was read second time and referred
to the Committee on Claims.
Mr.. Sandiford obtained the consent of the
Senate to withdraw from the files Of last SEES
sion Senate bill No. 203.
On motion OF Mr.. Steven the Senate then
adjourned until Monday, January 81, 1879
1t II 80 a. m. JOHN CLEGG,
Secretary OF the Senate.