New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-03-22

the exclusive right of removing the raft
now existing in Red river above Shreve-
mort. Louisiana and in the State OF Louis
lana. and to render said river navigable by
the reno, al of said raft. and to keep the
said river navigablc, the said corporation
shall have the right of way, on Doth BANKS
or sides of Red river, above Shreveport
Louisiana. in the State OF Louisiana an" u
cut and use such canals, lakes. ana bayou.
us they may deem necessary t" open ha'i-
CATION through or around said raft w
SEC. 3. Be it further enacted. etc. mat
when said river is made navlgable ny saio
corporation, through or around sald ralt'
from Shreveport Louisiana. to the Arkah-
sas State line. the said corporation IS heleD!
empow cred and authorized to collect the
following tolls on all trcgtts passing
through the same: On every bale OF COTTON
thirty cents; on every hogShead, thirty
cents; on every barrel, fifteen cents; on
every cask or fierce, twenty-five cents; ana
on all other articles Of merchandise IN pro,
portion to said rates; and that said toll shall
hc paid by tine boat or craft transporting
same to the officer authorized to receive
same by til, said company, at such time ana
place as may be designated by said com
panv: and any boat or craft refusing L"
comply with the provisions OF this charter
,u the bylaws governing this corporation
lars tor each and every otfensc. to he rtcoN-
cred before any court OF competent Jurlr-
diction.
SEC. T. Be it further enacted. etc. hht
the ,lulnirilc of said corporation shall be IN
the CITY Of New Orleans: that the capital
stock of said corporation shall be one mil
lion nT dollars. to be represented ny ten
Thousand shares Of one hundred dollars
each. with the liberty to Increase the same
1 . I a
herein named shall constitute rX oftclo !.
board of directors. and as such are author
lied to open books of subscription to the
capital stock OF said company. and TO regu-
late the manner and time OF paying the
same. All powers vi this corporation are
vested in said board of directors. who shall
elect by ballot their proper officers,
ina ioritv Of the board being necessary tor Il
quorum. and decision OF such MAJOR
itv shall be valid corporate act.
That said board of directors shall re-
main in office until the first Monday III
January lS7:, and annually thereafter. on
said date. there shall he an election by the
stockholders OF SAID corporation, tor Il board
of eleven directors; thirty days previous
notice being given i'll at least tw" news
papers published in the city of New Or
leans and one i'll the city Of Shreveport.
Louisiana. But a failure to select at any
fixture of this charter. But the board OF
directors then in office shall hold over until
a board is properly elected, and at each and
every election each share of stock shall be
entitled to one vote. and any vote or votes
NAV be east by proxy. and it shall require
majority of all the stock to elect.
ST.. D. BE it further enacted. etc. hat
the work of removing the raft i'll said Red
river, 50 as to render it navi gable. shall be
commenced during this year: and said river
shall be navigablc through said raft from
Shreveport to the Arkansas State line.
within five wears after the passage OF this
act. and be kept open during the time OF
this charter or same shall he declared for
teited.
SEC Q. Be il further enacted. etc. That
this act shal! 20 into effect from and after
its passage and all laws or parts OF laws i'll
consistent or conflicting herewith be and the
same are hereby repealed,
iSiYued GEO. W. CAFTER
speaker ot the House of Representatives.
tSinned1 OSCAR j. DUNN.
Lieutenant Governor and President OF the
Senate.
Approved March t. 1871.
tSi"ncd H. G. WARNDTH.
Governor of the State ot Louisiana.
A true copy:
Gro l.. BnNEE.
Secretary of state.