New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-26

business. Any vacancy occurring in the
board OF directors Except in the first
board shall be filed By the remaining
directors for that term; any director. after
aus election, disposing of his stock so as to
nold less than twenty shares shall from
that time cease to be director, and his
place shall be filed as above.
SEC D. Be it further enacted, etc, That
the trst board Of directors Of said com.
pany shall organize on or before the first
Monday Of July. 1872. and all subsequent
boards, within ten days after their election.
by eIecting one of their members president
and electing a secretary. When it becomes
necessary the board OF directors may elect
treasurer and engineer, or any other off.
GERS they may designate, All such otficera
shall be removable by the board Of direc-
SOrs, except the president. The board o:
directors shall have the right TO fix the
Balary OF the president. and the salary OF
compensation of the other officers, and to
Gequlr0 bond, with good security, subject
90 the approval of the board, from the
treasurer, and fix the amount thereof, and
60 pass all bylaws deemed necessary. not
lHc0nsIstene with this act or contrary to
law.
SEC. q. BE it further enacted, etc, That
er0ck certificates shall be provided, and
@hen issued. eha3 be signed bv the presi-
dent OF the board Of directors and counter
Blgned by the secretary and sealed with the
seal OF the company: and q transfer book
ehau be Kept, and 10 transfer OF stock shall
Oe legal or binding on the company until
She transfer is made or The books of che
company, and such transfer shall be legal
evidence OF the ownership Of tine 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 OF directors. shall be evi-
dence of stock OF OF any written proceeding
kept by this company, and shall be taken
as evidence in any court in This State.
SEC. e Be il further enacted. etc. That
Che board of directors Of this company sAall
have the right to issue the bonds Of this
Company for any amount not 10 exceed the
whole amount OF the capital stock. as fixed
by this charter, and shall tx the aggregate
amount of the bonds 20 be issued, the
amount and denomination OF each bond, the
Slme OF maturity thereof. The rate Of inter
est they are TO bear, whether coupon bonds
or not. and every other requisite 90 cOnsti-
Gute them legal and certain: and in order
90 secure the payment of such bonds. with
Che interest thereon, said directors shall
have the right to mortgage all the property,
both zeal and PERSONAL including the
BRIDGE which mortgage shall be recorded
in the Office OF the recorder Of mortgages
So1 SoNHO pf.i ISL az 9n''!t ny oo 5io1
~ 800 ~ 80 - III 49,
a. % 500 5,o4io ~.
jty that may be given TO said company or
any other aid thereto on any such terms as
may be agreed on between Gbem auG other
parties
SEC. 8. Be IL further enacted, etc. That
~ tEV SS';i1o 7 !IiII
SLo S-Slt.8l li7ny Gu " TCtlI'
SS - sInao 80 - II -
- o1e d.
80 81 va ~ D.
60 e., 80 III hr s,,nI 1870
soH II - IL " ~
s+S S5t"1s po = ms. a..
Sle directors % s4tu az yoH1 anu SnSV sne
Snr - olar, 80 1loo+
g. o;1 .ood +oi1s a. s,,cI
s0* Pos0' - I'll ,,rosrii 80
ST. go . ,+Id -
saS;o sbafi %o ta, se sa7nes +ern n,
sears "a he's airaadT T1een wanted in This
&C. 70 ~. +ba tenn If tt;,+r vears.
SrCs q re i further enacted. ere. That
ere nronnr+rs If the said bridge and road
SoTnnanv shall he rvernnH from State and
sn,Inicina9 +ara4ion for 4ha s,lI oeriod Of lis
~Iorfer. aud IN consideration therefor the
said company agrees to pay into che treas
97rv Of thI CLARITY Hos1iraY at Shreveport
che snm Of one hundred dollars. 20 be paid
sTi+l11n if+nen DAYS from January ! in each
scar for each and eyerv wear during it's
Germ Of incorporation.
SEC. 10. Be il further enacted, etc, That
sgents, SURVEYORS. engineers and employees,
90 enter upon all lands and tencmentS
Shgough which it may conclude to make
&uch road, and survey as herein oe1ore pro-
%ided, anQ lay 0"t ana eollstFC'ct Iiie s sI5i