New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-16

compensation Of the other officers, and to
require bond, with good security, subject
to the approval Of the board, from the
treasurer, and fix the amount thereon, ana
TO pass all bylaws deemed necessary, not
inconsistent with this act or contrary 10
law.
SEC S. Be it further enacted, etc, That
stock certificates shall be provided, ana
when issued, shall be signed by the pfesl-
dent Of the board of directors ana couhttF-
signed by the secretary and sealed Will Iue
seal Of the company; and a transfer poo *
shall be kept, and no transfer Oh sIoch eA Ian
be LEGAL or binding on the company unul
no tTsnafar il made on the books of tie
eomnanv. and such transfer shall be legal
evidence of the ownership Of the stock, SO
far az tbe company is concerned IN any
court III this State; that copy, certified to
bv tLr GccretarY Of this company, under the
saal.nf This company, of any resolution Of
the stockholders or directors, shall be evi-
dcnce of stock or OF any written proceeding
kept bv this company, and shall be taken
AS evidence in any court in this State.
SEC T. 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
whole amount Of the capital stock, as fixed
by this charter and shall tx 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
OF not. and every other requisite to constr
&utc them legal and certain: and IN order
80 secure the payment of such bonds, with
She interest thereon said directors shaiI
have the right to mortgage all the properly
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 he transcribed to keep 1t IN force and Ell
feet; and said board Of directors shall have
the right to receive any donation or g"atu
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.
SEC. 3. BE it further enacted, etc. That
TO tho 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 Oh 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
for 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
wears as has already been granted II 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
term of incorporation.
SEC TO- Be it further enacted, etc, That
this company shall have the right W lts
agents, surveyors, engineers and employees,
to enter upon all lands and tenements
through which it may conclude TO make
1such road, and survey as herelnbetQFe pro
Yidcd, and lay out and construct the same.
Shat when such road way OF route shall
Mun through any lands belonging to the
s5tate Of Louisiana, the said company shall
tnave the right Of way, and the land where
III the said company s road shall be con
stFuDted and for the distance OF eighty rods
on each side Of said road, il such lands are
the property of the State of Louisiana, shall
be and are hereby granted to said company
for their use and benefit to aid in the con
structi0h and maintenance Of said road.
SEC. III BE it further enacted, etc, That
any parish city, town or Incorporated VII
LACE 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 its stock. 0r by purchasing its bonds, or
nv issuing the bonds or warrants OF said
parish, city or td'wn in favor Of said com
DanY; and that for the purposes Of carrying
out the provisions Of this act, the police
iuries Of tLe several parishes shall repre-
sent the same parishes respectively, and
the MAYOR and council, Or board OF select
l. i ~ 4 bt1el nor EIT r
the said cities, towns or incorporated V1l-
lagos. And it shall lie lawful at any time
or times tor 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 gratnlt0Tls donation OF real
or personal property, money or other effects
belonging to such parish city or town; and
arv parish. CITY or incorporated town IN the
State il hereby authorized to issue tive or
ten wears bonds, bearing interest at rate
not exceeding ten per cent per annum, with
commons attached, in favor of said bridge
and read 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 herelnDefOfe
specified, shall be good and lawful, and
shall not require any other special act OF
the Legislature to permit the same to be
made. m.
the board of directors OF said company shali
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 az they may deem best, and to receive
in payment therefor money, bonds OF any
INCORPORATION, materials, or other thing, and
at such prices or rates as they may deem to
che interests OF this company.
SEC. IS. Be it further enacted, etc, That
tls act shall take effect from and after its
ISignedl o. H. BREWSTER,
Sneaker of the House of Representatives,.
(Signedl r. u. S. PINCHBACk,
Lieutenant Governor and President OF the
Senate.
Approved August -, 1872.
tSi@pndI II. G. WARMOTH
Governor Of the State Of Louisiana.
A true copy:
Y. A. Woodward,
Assistant Secretary OF State.