New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-10-30
LAWS OF THE STATE OF LOUISIANA
PUBLISHED BY AUTHORITY.
No. 30.
An CT

issue its bonds and to build road iron
Red river to and across Red Chute to th,
hills, in Bossier parish, and to collect toll
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'Key, Charles w. Heating, S
| Peters, George W. billiard, M. Il. Crowell
| NJ. 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 cor
! 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 80 do all things
| an incorporation can do; that service of
| citation or other legal process shall be
| made on the president Of the company, or,
| in the absence Of the president, on the sec
rotary thereof: that the domicie OF this
| company is fixed in the city of Shreveport.
in the parish of Caddo, in the State OF
Louisiana. This company shall have a seal,
and may change or alter the same at pleas
ure.
SEC. ?. Be it further enacted, etc, Bhaf
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 30 fix the
amount of the capital stock from time 70
time, as in their judgment they may deem
best, not to exceed one million dollars.
SEC. B. Be it further enacted, etc, Tha9
this company shall have the exclusive
right to build, equip and maintain q 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 bridge may be used
for; and no other bridge shall be built
across said river within a 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
in 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 right
to police such bridge, SO that no one or
thing shall be allowed to pass over the
same except in accordance to the TeguIa-
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 incor- |
poratOrs named in the first section Of this
act; in the event of the death Of ans such |
the balance shall compose
ba hOoT1 rs III j i
term; and III tho event of ans Of such in
corpOrators transferring their entire inter
est in this company during their Term Of
service they shall cease to act as directors |
turing the residues of the term, and their
place shall be filed by the selection Of |
some other stockholders by the other di-
'ectOrs. This board of directors shall hold !
)tfice for two years from the first Monday !
If July, 1872. Thereafter the board Of d.
,ectors of this company shall consist Of !
i've stockholders who hold at least twenty
shares OF stock, to be elected by the stock.
FOLDERS on the first Monday of JULY 1874, |
md every 'twO years thereafter; that ne
tockholdef shall vote at any such election
lnless the stock on which he claims to vote
las been owned by him az least three
months before the election, as shown blythe
took book OF the company: that each
tockhOldeY shall have one vote for each
hare of stock he may own: chat any
tockholder may vote by proxy for
directors, and that majority Of votes cast
hall elect; that it shall be the duty of the |
directors to advertise the election for direca
ors IN at least one newspaper in the parish |
+ the domicile Of said company for thirty
avs before the election, and to appoint
hree stockholders commissioners to hold
he election; a failure to hold the election, |
) herein fixed, shall not operate a dissola.
ion OF this corporation, but the old board
t directors shall hold over until the next |
egular election a majority of the board
lrecters shall constitute a quorum for all
usiness Any vacancy occurring in the
GARD OF directors Except in the first
oard) shall be filed by the remaining
lrectors for that term; any director, after
is election disposing of his stock so as to
old less than twenty shares. shall from
nat time cease to be a director. aud his
lace shall be filed as above.
SEC. D. BE it further enacted, etc. That
le first board Of directors of said com
any shall organize on or before the first I
Onday of July. 1872, and all subsequent |
oards, within ten days after their election, $
2 electiDg one of their members president, {
Id electlng a secretary. When it becomes
7cessary the board of directors NAV elect I
treasurer and engineer, or any other Off I
rs they may designate All such officers {
lall be removable by the board Of direc- a
rs, except the president. The board Of 0
reetors shall have the right to- fix the ,
larry of the president, and the salary or i
OF the other officers, and to il
qulre bond, with good security, subject
the approval Of the board, from the T
7asurer and tx the amount thereof. and t
pass all bylaws deemed necessary, not
consistent with this act or contrary to p
W. t
SEC. 6. Be it further enacted, etc. That a
)ck certificates shall be provided and | a
len issued, shall be signed by the presi. Q
MT OF the board Of directors and counter | ri
med by the secretary and sealed with the ?
ii OF the company; and a transfer book II
all be kept, and no transfer of stock shall ! ~,
legal or binding on the company until u
, transfer is made on the books of the ! p
npany, and such transfer shall be legal OF
dence OF the ownership Of the stock, SO q
as the company is concerned, in any Il
lrt IN this State; that copy, certified to u
the secretary of this company, under the dl
u OF this company, Of any resolution of .,
) stockholders or directors, shall be evil I'll
ace OF stock or of any written proceeding pa
1t by this company, and shall be taken | -
IN any court in this State. q
'EC. I. Be 1T further enacted, ETC., That
board of directors of this company shall Ii
7e the right to issue the bonds Of this
npany for any amount not to exceed the
ole amount of the capital stock, as fixed
this charter, and shall fix the aggregate
cunt OF the bonds to be issued, the
cunt and denomination of each bond, the
G OF maturity thereof, the rate Of inter
they are to bear, whether coupon bonds
lot. and every other requisite to consti-
: them legal and certain; and in order
ecure the payment of such bonds, with ! To
interest thereon, said directors shall
e the right to mortgage all the property,
n real and rtarsnnol