Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1881-04-27

AN ACT ratifying the organization of the
Central Mississippi Railroad Company
and its consolidation with the New Or
leans, jackson and Northern Railroad
Company into the Chicago, St. Louis
snd New Orleans Railroad Company,
and declaring the incorporation of said
last-named company and its powers.
Section l. Be it enacted by the general
assembly of the State Of TcEness ee That
the organization Of the purchasers of the
Mississippi Central Railroad into n c0rpor-
alton In this Safe under the name of the
Central Mississippi Railroad Company on
the 9th day Of November, 1871 and the
consolidation of the Central Mississippi
Railroad Company with the New Orleans,
jackson and Northern Railroad Company
into ii corporation under the name of the
Chicago, st. L. JuIs and New Orleans Rail-
ROAD Company IN pursuance of The arli les
OF consolidation. signed by such con
soildat'ng companies on the 7lh Of Novem
Der, 1871, be and they are hereby each
seVeraIly rallfed and confirmed MS of their
respective duties aforesaid. and the exercise
by the Chicago, st. Louis and New Or
leans Railroad Company OF all the rights,
pTiVIl1 ges, powers and franchises hereto
fore g anted TO the Mississippi Central
Railroad Company or Missiszippi and
Tennessee Railroad Company are hereby
ratified and confirmed
&c L bt IL luTtHef enacted, That the
Chicago. s.. Louis and New Orleans Rail
road Company aforesaid is hereby declared
to DE Il corporation III this State, ard as
such corporation IL declared 10 be invested
with all the franchises, rights, privileges,
lmmunlueS and overs heretofore granted
to or residing in the New Orleans, St. Louis
and Chicago and the Mississippi Central
and the Mis- lssippi Central and Tennessee
Railroad Company under the general law.
n hp ri of
last>named company in chapter l of the
acts of 1884 entitled AN act to incor-
porate the Mississippi Central and Tennes-
see Rallro Company" passed Novem Der
3Oth, 1888. and acts amendatory thereof in
as full and peri ct a manner as if the whole
OF said last named act WAS set forth herein,
with the name Of the Chicago, ST. Louis
and New Orleans K iroad Company ia the
cad, and the place of the Mississippi
Central and Tennes ee Railroad Company
Provided that nothing herein contained
shall exempt said Chicago, st. Louis and
n Nv Orleans Railroad Company or its
property from taxation. And, provided
further, that one director of said company
| shall reside in Tennessee
Sec. 3 Be it further enacted, That said
company may issue its bonds for such
| sums and such amounts due at such times
ana at such rates of interest, not exceeding
the lawful rate of interest allowed in the
place where payable, as said company NAV
see tit. and secure the same by morigage
or mortgages, on part or all of their rights.
property, franchises immunities and pri, =
ileges, includ ng their right to be a corIor>
alton, AID that this act take effect from and
after its pa; sage. the public welfare requir-
ing it.
Passed April I. 1881.
Ii. B. RAMSEY,
Speaker of the House of Repl esentatives.
GEO III. MORGAN
Speaker of the Ser ate.
Approved April I, 1881
ALVIN HAWKINS,
Governor.