New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-19

compensation of the other officers, and to
require bond, with good security, subject
to the approval of the board from the
tpcasurer, and fix the amount thereof, and
TO pass all bylaws deemed necessary, not
inconsistent with this act or contrary to
law.
SEC. 6. Be it further enacted, etc, That
stock certificates shall be provided, and
when issued, shall be signed by the presl-
dent of the board of directors and counter
HIgued by the secretary and sealed VIII the
seal Of the company; and transfer booK
shall be kept, and no transfer OF BtocK small
be legal or binding on the company until
The transfer is made on she BOOKS OF the
company, and such transfer shall De legal
evidence of the ownership Of the stock, so
Gar as the company is concerned, in any
court in this State; that copy, certified to
by the secretary of this company, under the
seal Of this company, OF any resolution of
the stockholders or directors shall be cyl
atence of stock or OF any written proceeding
Kept by this company, and shall be taken
SIS evidence in any court in this State.
SEC. 7. Be it further enacted, etc, That
the board of directors Of this company shall
have the right to issue the bonds of this
company for any amount not to exceed the
Hh0ie amount of the capital stock, as fixed
fV this charter, and shall nix the aggregate
amount of the bonds to be issued, the
amount and denomination of each bond, the
time of maturity thereof the rate of inter
est they are to bear, whether coupon bonds
or not. and every other requisite to c0nsti-
tate them legal and certain; and in order
TO secure the payment of such bonds, with
the interest thereon, said directors shall
have the right to mortgage all the property,
both real and personal, including the
bridge, which mortgage shall be recorded
in the office Of the recorder OF mortgages
for CaddO parish, and shall not be required
to be reinscrbed to keep it in force and eff
feet; and said board Of directors shall have
the right to receive any donation or gratu-
ity that may be given to said company, or
any other aid thereto On any such terms as
may be agreed on between them and other
parties.
EEC. 8. Be it further enacted, etc. That
TO the same company are hereby granted
the exclusive right and privilege to build,
construct, establish and maintain plank,
shell or railroad from the terminus of said
bridge on the eastern bank of Red river to
and across the Red Chute in Bossier parish,
and to the hills or high lands by such route
as shall be deemed most advantageous by
the directors OF said company, and that the
same company shall be allowed and are
hereby empowered to charge and collect,
Tor passing over said road, tolls at such
rates as the directors shall prescribe; and
the same right and privileges granted by
this section shall be for the same term OF
years as has already been granted in this
act, TO wit: the term of thirty years.
SEC. 9. Be it further enacted. etc, That
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
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 herelnbetore pro-
vided; and lay out and construct the same.
That when such road, way or route shall
Iun 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 c0mpany'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 author
lied to aid said company in the cOnstruc
ton of its bridge and road, or either OF
them, by contributions, or by subscribing
for it's 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
iurics 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
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 gratuit0us donation of real
or personal property, money or 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 annum, 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 hereinbefOre |
specified, shall be good and lawful, and |
shall not require any other special act OF |
the Legislature to permit the same to be |
made.
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, bonds of any
materials, or other thing, and |
at such prices or rates as they may deem to
the interests of this company.
SEC I3. Be it further enacted, etc. That |
this act shall take effect from and after its
passage.
(Signed) o. H. BREWSTER,
Speaker of the House of Representatives.
(Signed) z. B. S. PINCHBACK,
Lieutenant Governor and President of the
Senate.
Approved August IS, 1872.
(Signed) II. G. WARMOTH
Governor of the State OF Louisiana.
A true copy: