New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-10-24
LAWS or THE STATE Or LOUISIANA
PUBLISHED BY AUTHORITY.
4 N ACT

thereon, and Tor 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 NJ. Smith, a II. Leon
ard, E. P O'KeF, Charles w. Heating, S.
Peters George w. billiard, M. H. CrowPll,
NJ. A. Walsh. D. D. Smith, S. M. 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 ana 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
rotary 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 seal
and may change or altey the same ut please
ure.
SEC. 2 Be it further enacted, etc., That
the name and style of this corporation
shall be The Shreveport Bridge Com"
pany,' and ths capital stock Of this com
pany shall be five hundred thousand dol
lars, to be divided into shares of one hum
bred dollars each, making five thousand
shares. II shall be competent for She
stockholders of this company to fix fhe
amount of the capital stock from time TO
time, as in their judgment they may deem
best, not to exceed one million dollars.
SEC. 3. Be it further enacted, Rtcs Thar
this company shall have the exclusive
right to build, equip and maintain bridge
across the Red river, to terminate 0H the
east bank of Red river, opposite the city OF
Shreveport, TOR the purpose Of passing
vehicles OF all kinds, animals, produce -
all kinds, merchandise and foot Pass.co,n oers
and for all purposes a bridge NAV he 5Isei
for; and no other bridge shall be built
across said river within DISTANCE o. 6va
miles in either direction for SI,e period Of
thirty years, Teservin8 tie qight 10 any
railroad company to Guild bridges within
said limits solely fug railroad purposes, but
in no way to pe used for yot the purposes
above Stipulated except as belonging to
the actual business and operating of the
railroad; and chat same company shall
have the right TO charge such tolls thereon
8s may be fixed by the board Of directors
of said company, and shall have the TighG
to police such bridge, SO that no one OF
thing shall be allowed TO pass over the
6dIB6 tACtpL Ill dSCOEuduC6I Tb EiaF T&S SlGb-
lions made by the directors.
SEC. 4. BE it further enacted, etc. That
the affairs OF tho company shall be con
Quoted by board OF directors, che first
board Of directors TO consist Of che incOr-
pOratOrs named in qhe fist section of this
ace; in che event Of che death of any such
incorpoCators che balance shall compose
the board of directors until the end Of the
Germ; and in che event of any of such in
+losS,
est in this company during their term OG
service they shall cease TO acS as directors
during che Residues OF the term, and their
place shall be Oiled by the selection of
some other stockholders 6y che other iii.
PectoYs. This board OF directors shall hold
office SOS two years from the FIST Monday
OF Sulys 1872. thereafter The board OF di-
reeSOrs OF this company shall consist of
five stockholders who hold at least twenty
shares Of stock, TO be elected by the stock
holders on the first Monday of July. 1884,
and every $wc years thereafter; shat no
stakeholder shall vote at any such election
unless the stock on which he claims 80 vote
has been owned by him at least three
months before Che election, as shown by the
stock book Of phe company; that each
stakeholder shall have one vote for each
share of stock lie may own: that any
stockhOldeY may Sote 10y proxy Sog
cpll4b JlittU dt IdtUIaLA Sb eUbSS sdSU
shall elect: ShaS iS shall be She duty OF the
directors 20 advertise the election fog direc-
tors in at least one newspaper in the parish
of the domicile OF said company, for thirty
days before the eiSctiORo and 10 appoint
three stockholders commissioners 60 hold
the RiectiOna Sailur8 to hold che election.
as herein fixed. shall not operate q disscll-
ton OF this corporation, but Che OLD board
of directors shall hold over untii the next
9,orr .
directors shall constitute a quorum for all
business ANY vacancy occurring in che
board 0f directors Except in the first
board} shall be filled by the remaining
directors for that term; any DIRECTOR after
his election, disposing Of his stock so as TO
hold less than twenty shares, shall from
that time cease 60 be DIRECTOR and his
place shall be filled as above.
SEC. s. Be il further enacted. etc.o That
the first board of directors of said CONE
pany shall organize on or before the first
Monday OF Julyo 1872 and all subsequent
boards within ten days after their electiono
by electing one Of their members PRESIDENT
and electing a secretary When il becomes
necessary the board OF directors NAV elect
a treasurer and engineer or any other off
GERS they may designate, All such officers
shall he removable by Che board OF direco
tors, except She presidento The board of
salary OF the PRESIDENT and the salary or
compensation OF the other officers and to
require bond, with good security. subject
TO the apprOva! OF the board, from 6hc
treasurer and fix the amount thereof. and
10 pass all bylaws deemed necessary not
with this act or contrary to
law
Sec g. BE il SurtherenacteG. ETC. That
stock certificates shall be provided. and
when issued. shall be signed by the Dresi-
dent 0S the board Of directors and counter
signed by the secretary and sealed with the
seal OF the company and q transfer book
shall be kept. and no transfer OF stock shall
be legal OF binding on the company until
the transfer ~ made on the books of che
company and such transfer shall be legal
evidence OF the ownership of the stock. so
far as the company is concerned, in any
court in this State; that copy, certified to
Dy the secretary of this company, under the
seal OF this company, Of any resolution Of
he stockholders or directors, shall be evil
lence of stock or of any written proceeding
Kept by this company, and shall be taken |
Is evidence in any court in this State.
SEC. 7. Be it further enacted, etc, That !
he board of directors of this company shall |
ave the right to issue the bonds Of this |
Ompany for any amount not to exceed the |
Whole amount of the capital stock, as fixed |
y this charter, and shall fix the aggregate
mount of the bonds to be issued, the
mount and denomination Of each bond, the |
ime of maturity thereof, the rate of inter
st they are to bear, whether coupon bonds
r not, and every other requisite to consti-
ute them legal and certain; and in order
0 secure the payment of such bonds, with
be interest thereon, said directors shall
ave the right to mortgage all the property, .
9th real and personal, including the
ridge, which mortgage shall be recorded
! the office Of the recorder of mortgages