New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-12-01

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 itE
| term 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 hereipbefore pro
vided, and lay ont 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
for their use and benefit 10 aid IN the CON
stTuctiOn 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 anth0r-
lied to cid said company in the construc-
ton of it's 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 for the purposes OF carrying
out the provisions of this act, the police
uries 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 represent
the said cities. towns or Incorporated vii
lages 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 gratuitous donation Of real
or personal property, mOney0r other effects
belonging to such parish, city or town: and
any parish, city or incorporated town in the
State is hereby authorized to issue five or
ten years bonds, bearing interest at rate
not exceeding ten per cent per annuln, with
coupons attached. in favor OF SAID bridge
and road company, and such issue OF bonds
by any such parish, city or Incorporated
town, when signed by the proper officers OF
such parish, city or town, as hereinbetore
specified, shall be good and lawful, and
shall not require any other special act OF
the Legislature to permit the same to be
made.
SEC 70 Be it further enacted, etc, That
the board of directors Of said company shall
have 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, bends Of any
incorporation, materials, Or other thing, and
at such prices or rates as they may deem to
the interests Of this company.
SEC. 49, 7 } /. further enacted, etc, That
this act shall take fleet from and after its