New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-10-30

the property of the said bridge and road
company shall be exempt from State and
municipal taxation for the full period of its
| charter, and in consideration therefor the
| said company agrees to pay into the treas
ury OF thd Charity Hospital at Shreveport
the sum Of one hundred dollars, to be paid
within fifteen days from January ] in each
year, for each and every year during its
| erm Of incorporation.
| SEC. 10. Be it further enacted, etc, That
| this company shall have the right by its
| agents, surveyors. engineers and employees
| to enter upon all lands and tenements
| through which it may conclude to make
! such road, and survey as hereinbefore pro-
vided, and lay out and construct the same.
That when such. road, way or route shall
run through any lands belonging to the
State'of Louisiana, the said company shall
have the right OF way, and the land where
on the said company's road shall be con-
structed and for the distance of eighty rods
on each side of said road, if such lands are
the property Of the State of Louisiana, shall
be and are hereby granted TO said company
Tor their use and. benefit to AID in the con
struction and maintenance of said road.
SEC. IL. Be it further enacted, etc, That
any parish, city. town or Incorporated vii
lage in this State, be and is hereby anthOr-
lied TO aid said company in the cOnstruc-
ton Of its bridge and road, or either OF
them, by contributions, or by subscribing
for Its stock, or by purchasing its bonds, or
by issuing the bonds or warrants of SAID
parish city or town in favor of said com
pany: and that Tor the purposes of carving
out the provisions OF this act, the police
juries Of the several parishes shall repre-
sent the same parishes respectively, and
the mayor and council, or board of select
men, or board of aldermen shall represen!
the said cities, towns or incorporated vii
lagos. And it shall be lawful at any time
or times for any parish, city or town to aid
in the construction of the aforesaid bridge
or road, or either OF them, by a voluntary
contribution or graTlitOus donation of real
or personal property, money OF other effects
belonging to such parish, city or town. and
any parish, city OF incorporated town in the !
State is0 hereby authorized 60 issue five or
ten years bonds, bearing interest at rate
not exceeding ten per cent per annum, with |
coupons attached, in favor of said bridge I
and road company, and such issue of bonds |
by any such parish, city or incorporated |
town, when signed by the proper officers Ot |
such parish, city OF town, as herenbefore !
specified, shall be good and lawful, and |
shall not require any other special act OF |
the Legislature 20 permit the same TO be
made.
SEC. -. Be ig further enacted, etc, That |
the board Of directors of said company shall
nave the right TO sell or dispose OF any OF
the capital stock Of said company not al
ready issued at the time to any person, com
pany, corporation, or other party, on such
terms as they may deem best, and to receive
in payment therefor money, bonds of any
Incorporation, materials, or other thing and
1T such prices or rates as they may deem to
5he interests of this company.
SEC. 49, Be it further enacted, etc, That
his act shall take effect from and after it's
passage.
(Signed1 O. Il. BREWSTER.
speaker Of the House of Representatives,
(Signed} p. B. 8. PINCHBACK.
Lieutenant Governor and President y: she
Senate.
approved August IS. 1872.
SSigned) H. C. WARMOTR,
Governor OF she State OF louisiana !
4 true copy;
!. A. WOODWARD.
Assistant Secretary of State.