New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-10-27

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 l in each
| year, for each and every year during its
erm of Incorporation.
SEC. TO- 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 herelnbefOre pro-
vided, and lay out 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 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 to aid in the con-
structiOn and maintenance OF said road.
SEC. II. Be it further enacted, etc, That
any parish, city, town or incorporated viii
lage i'll this State, be and is hereby anthor-
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
juries Of the several parishes shall repre-
sent the same parishes respectively, and
the mayor and council, OF board of select
men, or board Of aldermen shall represent
the said cities, towns or incorporated viii
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 gratuitOus 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 herelnbefore
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. p 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, bonds OF any
incorporation, materials, or other thing, and
at such prices or rates as they may deem to
the interests of this company.
SEC. 10. Be it further enacted, etc, That
this act shall take etec8 from and after its
passage.
Speaker Of the House of Representatives.
(Signed) P. B. S. PINCHBACKs
Lieutenant Governor and President of the
Senate.
Approved august IS, 1872
lSigned) II. G. WARMOTH.
Governor of the State Of louisiana
& true copy:
I. a. Woodward,
Assistant Secretary Of State.