New Orleans Republican., 1872-11-16
No. o..
AN ACT


To incorporate the Shreveport Bridge Com
pany, 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 M. Smith A. II. Leon
ard, Z. 2. O'Key. Charles w. Heating, S.
Peters, George w. Dillard, M. II. CrowAll,
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 20 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
retarY thereof; that the domicile 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. Q, 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 i've 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 fix the
amount of the capital stock from tune to
a q ind fln-r
best not to exceed one million dollars.
SEC. ). Be it further enacted, etc., That
this company shall have the exclusive
right to build, equip and maintain a 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 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 liked by the board of directors
OF sald 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 rcgular
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; iu the event of the death of anv snch
hol
the board OF directors until the end of the
term; and III tho event of any of such in
corporators transferring their entire inter
est IN this company during their term Of
seryice 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-
Fectors. This board of directors shall hold
once Tor two years from the first Monday
OF July, 1917. Thereafter the board OF d1-
rectors OF this company shall consist of
1Ve stockholders who hold at least twenty
shares Of stock, to be elected by the stock
holders on the first Monday of July, 1874,
ana 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
stockholder shall have one vote for each
share OF stock he may own; that anv
stockholder may vote by proxy for
directors, and that majority of votes cast
shall elect; that it shall be the duty of tha
directors to advertise the election for direc-
tors IN at least one newspaper in the parish
OF the domicile of said company, for thirty
days before the election, and to aunoint
three stockholders commissioners to hold
the election; failure to hold the election.
as herein fixed, shall not operate dissofu
tloD OF this corporation, but the old hoard
OF directors shall hold over until the nevt
regular election A majority Of the hoard
directors shall constitute quorum for all
business. ANY vacancy occurring in the
board OF directors texcept in fhe frat
board1 shall be filled by the remafniner
directors for that term; any director, after
nus eelectlony dlsposing of his stock so as to
hold less than twenty shares, shall from
that time cease to be a director, and his
place shall be filled as above.
SEC. D. BE it further enacted, etc. That
the trst board of directors of said com
panJ shall organize on or before the first
Monday of July, 1872, and all subseGnant
boards, within ten days after their election
oy electlng one OF their members president'
ana electlng secretary. When it becomes
necessary the board of directors NAV eIaot
treasurer and engineer, or any Other off,
GERS they may designate All such offcoIs
shaH be removable by the board of direc,
tors, except the president. The hoard of
directors shall have the right TO A. tba
salary of the iA olRo