Arkansas true Democrat., 1859-02-02

An act dppr0ulng an act of the General AssenaJly of the Sate of Loutsiana, incorporating the Lo"ts'ana, Arhansas and Teras Nauiqatioa Company.
 WHEREAS The General Assembly of the state of Louisiana did. on March 18th, 1858 by an act of that date incorporate the Louisiana. Ar kansas, and Texas navigation company. and in. vested said company, as far as such General Assembly could do, with all the powers and privileges of a body polite or corporate, which said act of incorporation is in the words and figures following, viz:
 An act to incorporate the Louisiana, Arkan- sas and Texas navigation company" | WHEREAS, The continual accumulation of the raft in Red river, within the limits of this state, will In few years, if not removed cut off from all steamboat communication with the Mississippi river a large number of citizens of Arkansas and Texas, who are dependendent upon said stream for the products of their labor and the reception of supplies; and Whereas, the lodSment of said raft within our iurijdiction. deprives Arkansas and Texas, whose people are mostlnterested of all powers, as states, to cause Its removal, or otherwise to relieve their citi . zens; and hereas, the only practicable plan. whereby the removal of said raft can be effect ed, IS by incorporating an association of indivi. duals who arc disposed to undartake the same therefore,
 SEC. l. Be t enacted by tue Senate and House Of Representatives. cf the statsof Louisiana, in Gen. erat Assembly convened, That John Y. Mills. Travis Wright and Dandride Ellis, of the state Of Texas, Richard Pryor, Calvin M. Heryey. and James w. Finley. of the state of Arkansas Thomas Hotchkiss John Hamter. and John M. Landrum, of the state of Louisiana and such other persons as they may hereafter asso- ciate with them, be, and they are hereby ncor- porated as body polite, under the name and style of the " Louisiana, Arkansas and Texas navigation company" which said company shall continue for the term of thirty years; may sue and be sued, have common seal, hold such pro- perty as may be necessary to effect the objects for which said company IS incorporated, and to dis pose of the same and to do every other act which body polite or corporate may do.
 SEC. 2. Be tt f,.rt1er enacted, etc., That ths said company shall have the right to remove the Instructions in the Red river, between the parishes of Caddo and Bossier, in the State of Louisiana, known as the raft, in such manner as to render navgable the said portion of said river, and to keep the same open and free from ob- structons, with the view of rendering it perma- nently navigable for boats ascending and de- scending said river.
 SEC. g. Be it tauther enacted, etc., That the capital stock of said company shall be two hun- dred and fifty thousand dollars, to be divided into shares of one hundred dollars each, and that books for the subscription of stock in said company, shall be opened under the direction Of the persons named in the first section of this act, at such times and places as they may select and designate.
 SEC. 4. Be tt further enacted, etc., That so soon as said company shall have removed the said Instructions in said river, a rendered the same navigable for boats or water-crafts they shall be authorized and entitled to charge tolls upon all boats or crafts, ascending or descending the said river, passing through that portion known as the improved, and rendered navigable as aforesaid as follows, to-wt:
 Upon all boats or crafts of capacity to carry over one hundred and less than five hundred bales Of cotton, four hundred dollars trip; and on boats of capacity to carry over five hundred bales and less than one thousand bales of cotton, eight hundred dollars trip; and those with capacity to carry over thousand bales of cot ton, one thousand dollars trip, and similar tolls on all freights not mentioned herein. | SEC 5. Be it turther enacted, etc., That the domcil of said company shall be in the town ot Shreveport, in the parish of Csddo, in this State, and that the said company shall have the right to elect such officers, and to adopt such bylaws, rules and regulations for its government as it may deem proper.
 | SEc 6. Be tt furtser enacted, etc, That if it shall be ascertained that the capital stock here inbefore mentioned shall not be sufficient to ac- complish the objects of this act, the said com pany may enlarge the same, as they may deem necessary. and open subscriptions therefor in such manner as they may direct; Provided ho,O- ever. That before the provisions of this act shall