New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-29
No. 3d.
AN ACT

80 incorporate the Shreveport Bridge Com
panY, end to authorize the company TOD
issue its bonds aud to build o road troBl
Red river to and across Red Chute to the
hills, in BQssier 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 If. Smith, A II. Leon
ard, e. p O'Key, Charles W Heating s.
Peters, George w. Billiard, III H. CroWpIS
NJ. A. Walsh, D. d. Smith s. M Thomas,
and their successors and assigns, and sues
other persons rs they May hereafter assG-
c8te with Themselves be and are hereby
constituted IL body corporate and polite, 10
act in their corporate capacity as one per
R0n and are hereby authorized, in their cor
sorate capacity, 10 do and perform all itot&7
AN individual can do, to purchase. lease
sell or exchange re;S or personal property,
Fights or credits, ga an individual can DO
and to sue and DO sued, and ia do all thiues
an incorporation can do; that service OF
citation or other legal process shall be
made on the president Of the company or
IN the 8bssnee OF the president, on the see
rotary thereof; that the dUniciIe OF this
company ia tiXod in the city of Shreveport
III the parish of C4sddo, ~ the State OF
Louisiana. Ihs company shall have o seal
and may change or alter the same at pleas
ure.
SEC. q Be 1t further enacted, etc., Thai
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
lara to be divided into shares of one hun
dFed dollars each, making five thousand
sh&les. II shall be competent for the
stockholders of this company to fix the
amount OF the capital stock from time Ia,
tune, as III their judgment they may deem,
best, not to exceed one million dollars.
SEC s. BE 1t further enacted, etc, THAI
this company shall bave the exclusive
rlghs to bulld, equip and maintain a bridge
across the Red river, 10 terminate on the
east bank OF BED river, opposite the CITY OF
Shreveport, tor the purpuse of PASSING
vehicles Of all kinda, animals, produce Of
al kinds, merchandise ana loot PASSENGERS
anu Tor all purposes bridge may be used
for; and no other bridge shall be buiEC
across said river within a distance OF five
miles IN either direction for the period or
thirty years, reBerviDg the right to any
railroad company 10 build bridges within
said limits solely for railroad purposes. bub
IN 40 way to be used for any OF the purposes
above stipulated, except as beIonging to
the actual business and operating of the
railroad; and that same companv shaN
nave the night tocharge such tolls thereon
as may be fixed by the board of directors
OF SAID company, and shall have the right
to police such bridge, no that no one or
thlng shall be allowed to p4ss over the
same except In accordance to the reguls-
tlons made by the directors
SEC. 4. Be it further enacted, ETC.. That
the affairs of the company shall be con
Quoted by q board Of directOrs the Hrsa
board OF directors to consist of the incoy-
porators named in the first section of fb;s
act; III the event Of the death of any anrb
lncoFporetocs the balance shall compose
hoard dipapff,rg ~ Il
term; and in tho event Of apy of sucb in
corporators transferring their entire inter
esq IN this company during their term az
service they shall cease to act IA Giractnre
duIlng the residues OF the term, and them
place shall be filed by the aolection nj
SoIno other stockholders by the other d.
ftctors. This board Of directors shall boI9
office for two years from the first MnndaT,
OF July, 1872 Thereafter the board of d3- .
rectors Of this company shall cnnaist rr
hYe stockholders who hold at Ieast t,osn+,,
shsfes OF stock, to be elected by the stoc:Sy
holders on the first Monday Of July 1879
anu every Two years thereafter that ma
7iocAhoLdcF shaI vote at any such eIeotiop
nhiess the stock on bieh be clai,,.s To vota
has been owned By rim at least three
months before the election, s.s shawn hg+hEs
stock book of the company: that cacE
5tockhoider shall have one yota far a".i,
share OF stock he may own; that INV
s5"oAhoioof nay veto by proxy for
directors , and that majority of votes cast
sliFil elect; mat II shail he the duty Of the
tors in at least enc newspaper in the narieL
Of the domicile of said company, for tbirt1
days before the election, and 10 annoiG{
three stockholders commissioner tn hold
the election; failure to hold the election
as herein fixed, shall not operate dissoln'
sl9h q OF thus corporation, but the old board
GGEEEQFS A51iI hDEH
regular election. A majority of the boz tle1