The New Orleans daily Democrat., 1880-04-14
AN AOT
No. 1861

No. 125. AN ACT
To amend and re-enact sections 6s3, 6S4, $50,
500 and sos Of the Revised Statutes, with
reference to corporations Tor works OF
public impres cement.
-, SECTION /. Be IL enacted bu the General
Assembly of the State Of Louisiana, That
section s,s=handred aud elghty-three OF the
Revised Statutes Of Louisiana be amended
and re-enacted 30 as to read as follows: ut
shall be lawful for any number OF persons,
not lees than elk, on compliance with the pro-
visions following, to form themselves into,
and constitute corporation for the following
purposes. to wit: For the construction, work
Ing and maintenance OF railroads, canals,
OF public Improvement, whether within or
without the limits OF this State; to effect fire,
marine river and life insurance; to carry on
manufactures OF cotton, woolen, linen, silk
and carry on works to supply cities or towns
with gas or water: to compress cotton; to
construct and carry on iron, brass and copper
boundaries: to construct and maintain dry
docks or floating docks for the building or
repairing OF ships and other vessels /;
to manufacture iron, copper, lead and
other metals, earthen ware or stone ware,
engines, cotton gins, machinery, paper,
gun powder, agricultural implements; to es-
tablish companies for refining sugar, and for
sea navigation by steam; to create lines Of
telegraph, and to establish chemical Iabora-
tories and manufactures OF all kinds: to
open and work mines; to construct and MAIN
tain docks, steamships and other vehicles for
the transportation Of freight and passengers !;
for constructing and maintaining works Of
drainage sewerage aud land reclamation !;
and for the development OF the agricultural
resources OF the State, and for the promotion
public utility and advantage. No such cor
poratlon shall engage In mercantile or In COM
mission, brokerage, stock iobbtng, exchange
or banking business OF any kind"
SEC. 2. Be 1t further enacted, etc. That sec-
ton six hundred and eighty-four of said Re-
vised Statutes be amended and re-enacted 50
as to read as follows: "Said corporations
shall have power and authority, first, to have
and enjoy succession by their corporate name
Tor the period expressed In their act Of incor-
poration, not exceeding nlnety-nlne years !;
second, to contract. sue and be sued, In their
corporate name; third, to make and to use q
corporate seal; fourth, to hold receive pur-
chase and convey, under their corporate name,
property, both real and personal; fifth. to
name and to appoint such managers direct
ars and officers as their interest and con-
Senience may require; sixth, to make and
establish such by laws for the proper man
agement and regulation OF the affairs of the
corporation as may be necessary and proper !;
and any corporation established for drainage,
sewerage and land reclamation may, by con-
tract with the owner OF real property. duly
recorded, have a privilege on said property
for the price and value OF the work done and
facilities furnished"
SEC. s. Be 1t further enacted, etc. That sec
ton six hundred and etkhty-nine Of said Re-
vised Statutes be amended and re-enacted so
as to read as follows: mo railroad, plank
road, canal or works Of drainage, sewerage
and land reclamation shall be constructed
through the streets OF any Incorporated city
or town, without the consent of the municipal
counsel thereof: and such council giving
sueh consent to any corporation formed for
the purpose OF drainage, sewerage and land
reclamation may, In the interest OF public
health and cleanliness. pass all needful ordi-
nances and police regulations to make effec-
tive the plan OF sewerage and drainage 1t
may so adopt, with reference to all houses
ana lands within the muuicipal limits
SEC. 4, BE nJi1uher enacted, ETC., That Sec
tlon six hundred and ninety-two of said Re-
vtsed Statutes be amended and re-enacted so
as to read as follows: ANY railroad, plank
road, turnpike or canal company, and any
company for drainage. sewerage and land re-
clamation, established under the laws of this
State, may borrow from time to time such
sums OF money as may be required for con-
structioD, repairs or acquisition OF property
or franchises, aud for this purpose may issue
= bonds or other obligations, secured by mort
gage upon the franchises and all the prop
erty, real and personal of said companies. and
payable at such times and places as the
Board OF directors may designate. with power