New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-08
a A ACE

DO incorporate the Shreveport Bridge Conc
3any, and to authorize the company tCs
issue its bonds and to build road from
Red river ~ and across Red Chute to tho
mills, in Bossier parish, and to collect tolls
0hereon, and fOT Oth0r purposes.
SECTION /. BE jtRnaGted by the Senate
and House Of Representatives of the State
of Louisiana in General Assembly coHs'
vened, That Frank 1k Smith, A. II. Leon
ard, <. P. OKey, Charles w. Heating, S.
Peters, George w Dillarrl NJ. II. CroweLs
NJ. A. Walsh D. Do Smith, S. NJ Thomas,
and their successors and assigns, and such
OtheI persons as they may hereafter ass0-
eiate with themselves be and are hereby
constituted 3 body corporate and polite, 70
act in their corporate capacity as one peIs'
son, and are hereby authorized, in their cor
porate capacity, TO do and perform all acts
an individual can SO, To- purchase, lease,
sell or exchange real or personal pr0pertYsJ
rights or credits, as an individual can do,
and to sue and be sued, and 30 do all things-
an incorporation can d0 that service OF
citation or other legal process shall be-
made on the president Of the company, Or
in the absence Of fhe president, on the Sec
rotary thereof; that She domicile of THIS
company is fixed in the city of Shreveport,
in the parish of Gadd0, in the State OF,
Louisiana. This company shall have SEAL
and may change or @It@S She sameat please
ure.
SEC 2. Be il further enacted, e9t., ThaS
The name and style of this corporation
shall be 1.-The Shreveport Bridge Come
pany,7 and the capital stock of this come
pany shall be five hundred thousand dol
lars, TO be divided into shares of one huna
Gred dollars G&che 4laking five thousand
shares. II shall be competent for the
stockholders OF this company TO fix tho
amount of the capital stock from time to
time, as in their Judgment they may DEEM
best, NOT TO exceed one million dollars.
SEC. 3. Be it further enacted, etc, ThaS
this company shall have the 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, for the purpose of passing
vehicles OF all kinds animals, produce Of
all kinds merchandise and foot passengers,
and tor all purposes bridge NAV be useR
tor; and no other bridge shall be built
across said river within distance of five
miles in either direction for the period of
thirty years, reserVinS the right to any
railroad company 20 hBilpl bridges within
SAID limits solely for railroad purposes, but
N 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 haze the right
to police such bridge, so that no one or
thing shall be allowed to pass over the
same except in accordance to the regula-
tons made by the directors.
SEC. q. Be 1t further enacted ETC., That
the affairs OF the company shall be con-
Quoted by a board OF directors, the first
board OF directors to consist of the incor-
porators named in the first section of this
act IN the event of the death of any such
npa +fNr,g l,n hal
the board of directors until the end of the
term; and in the event of any of such in
corporators 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 d.
reCtofs: Ihls board Of directors shall hold
once Tor two years from the first Monday
OF July, 1872 Thereafter the board of d.
rectofs 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
sJockhOlder shall vote at any such election
unless the stock on which he claims to yota
has been owned by him at least three
months before the election, as shown nv the
stock book of the company; that each
stakeholder shall have one vote for each
share Of stock he may own; that anv
stockholder may vote by proxy for
directors, and that a majority Of votes cast
shall elect; that it shall be the du+v of +be
directors to advertise the election for direc-
cots 3, IN at least one newspaper in the parish
III the %tomlcile Of said ooiupany, for thirty
nays before the election. and to aDDoint
tnree stockholders commissioners to hold
the election; % failure 70 hold the election
as herein hOedp shall not operate djssogT,
uon OF this corpOrs@ion, out the old hoar1
OF directors shall hold over until fhe nevt
regular election. A majority of the board
q shall constitute a quorum for all
business. ANY vacancy occurring in the
Ipoard @p directors Except in The frss
boardJ shall be filled BY the remaininoS
q directors TOR that $erm; any director. aftf2,
| elsctlon, aiispOsing Of his stock SO "a td0
nolo less than twenty shares, shall from
o6at time cease to be @lireGor and re,
plS s1 s9aII be TILED as above.
:, SEC. 5. DE il further enaca,R esh.. E,bos
the hrsS board of directors of said coz CO..
pany shall organize on COR before tho frsss
= londay OF eJuly, 1872, and all subseGnnrS
Doards, within ten days after their eIedtio,
oy erecting one OF theirmembers presiden+'
and electlng s8secretary. When il beoo,,aoS.
necessary the board "f9lirectors NAV eiec9
treasurer and engineeraor any Other eC "4;
GERS 8, they may designate All s1ch offic "l..
sna1i Do removable by &he board of do
tors, except the president sShe boond &c W
directors shall have the rio[t 20 D9oAu -, oS