New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-09
No. So.
AN ACT
Secretary OF State

~
To incorporate the Shreveport Bridge Com
panv, and to authorize the company to
issue its bonds and to build a road from
Red river to and across Red Chute to the
hills, in Bossier parish. and to collect tolls
thereon, and for other purposes.
SECTION /. Be it enacted by the Senate
and House Of Representatives Of the State
of Louisiana in General Assembly con-
vened. That Frank NJ. Smith, A. II. Leon
ard, E. P. O'hey, Charles w. Heating, 5.
Peters. George w. billiard, NJ. II. Croweu,
". A. Walsh, D. D. Smith, S. NJ Thomas,
and their successors and assigns, and such
other persons as they may hereafter asso-
ciate with themselves, be and are hereby
constituted body corporate and polite, to
act in their corporate capacity as one per
son, and are hereby authorized, in their COZ
porate capacity, to do and perform all acts
an individual can do, to purchase, lease,
sell or exchange real>or personal property,
rights or credits, as an individual can do,
and to sue and be sued, and 10 do all things
an incorporation can do; that service OF
citation or other legal process shall 6e
made on the president of the company. OF,
in the absence of the president, on the sec
rotary thereof; that the domicile OF this
company is fixed in the city OF Shreveport,
in the parish of Caddo, III the State OF
Louisiana. This company shall have q seal,
and may change or alter the same 81 pleas
ureo
SEC. 2. Be it further enacted. etc. That
the name and style of this corporation
shall be The Shreveport Bridge Com
pany," and the capital stock Of this com
pany shall be five hundred thousand dol
lars to be divided into shares Of one hun
dred dollars each, making five thousand
shares. 1t shall be competent for the
stockholders of this company to fS the
amount of the capital stock from time 20
time. as in their Judgment they may deem
best, not to exceed one million dollars
SEC 3. Be it further enacted, etc, That
this company shall have tine exclusive
right to build, equip and maintain bridge
across the Red river, to terminate on the
east bank of Red river, opposite the city Of
Shreveport, tor the purpose Of passing
vehicles OF all kinds, animals, produce Of
all kinds. merchandise and foot passengers
and for all purposes d bridge may be used
for; and no other bridge shall be built
across said river within distance Of five
miles in either direction for the period of
thirty years, reserving the right to any
railroad company to build bridges within
said limits solely for railroad purposes, but
III no way to be used for any Of the purposes
above stipulated, except as belonging to
the actual business and operating Of the
railroad; and that same company shall
have the right to charge such tolls thereon
as may be fixed by the board of directors
OF said company, and shall have the righs
to police such bridge, so that no one or
thing shall be allowed to pass over the
same except in accordance to the reguIa-
tions made by the directors.
SEC, 4. Be it further enacted etc, That
the affairs OF the company shall be con-
Quoted by board of directors, the first
board of directors to consist Of the incoP-
DOratOrs named in the first section of this
act IN the event of the death Of anv such
inCOrp0ratOrs the balance shall c0mDosa
the board of directors until the end Of the
term and, in the event of any OF such in
corporat0rs transferring their entire inter
est III this company during their term of
service they shall cease to act as directors
during the residues of the term, and their
place shall be filled by the selection Of
some other stockholders by the other di-
rectOrs This board Of directors shall hold
office for two years from the first Monday
OF July, 1872. Thereafter the board of al
reGtOrs OF this company shall consist Of
lVe stockholders who hold at least twenty
shares OF stock, to be elected by the stock
holders on the first Monday of july. 1874
and every two years thereafter; that no
stakeholder shall vote at any such election
unless the stock on which he claims to vote
has been owned by him at least three
months before the election, as shown by the
stock book of the company: that each
stakeholder shall have one vote for each
share Of stock he may own; that any
stakeholder may vote by proxy for
directors, and that a majority of votes cast
shall elect; that it shall be the duty of the
directors to advertise the election for direc,
tors III at least one newspaper in the parish
OF the domlcile Of said company, for thirty
days before. the election, and to appoint
Ihfee stockholders commissioners to hold
the election; a failure to hold the election
as herein fixed, shall not operate dissolu.
ton OF this corporation, but the old boarn
| OF directors shall hold over until the nex+
| regular election A majority of the board
directors shall constitute quorum for all
business. ANY vacancy occurring in the
2oaf9 OF directors Except in the first
9oard) shall be filed by the remaining
directors for that term; any director, after
nus electlon disposing Of his stock so as to
| uold less than twenty shares, shall from
t4at time cease to be a director, and mis-
place shall be filled as above.
SEC. ,. BE it further enacted, etc, That
the hrst board of directors of said com.
| pany shall organize on or before the first
Monday of July, 1872, and all subsequent
boards, within ten days after their election.
| by electing one of their members president
| and electing a secretary. When it becomes
| necessary the board of directors NAV elect
| a treasurer and engineer, or any other of,
GERS they may designate. All such officers
shall be removable by the board of 3irno
tors, except the president. The hoard NJ
directors shall have the right to fir tbo
salary of the nrna;dap+ o,,3 ~ VAC