New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-02
LAWS or THE STATE OF LOUISIANA
PUBLISHED BY AUTHORITY.
No. 95.
AN ACT

10 luCOL yC4dLt ZIG shreveport DGIAg6 COu4
pany, and to authorize the D tC
issue it's bonds and to build a road from
Red river to and across Red Chute to the
hills, in BOssier 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 NJ. Smith. A. II. Leon
ard, 4. z. O'KeY, Charles w. Heating. S.
Peters, George w. billiard, M. n. CroWaIl.
NJ. A. Walsh, D. D. Smith, S. NJ. Thomas,
and their successors and assigns, and such
other persons as they may hereafter asso-
ciate with themselves, be and are hereby
constituted a body corporate and polite, to
act IN their corporate capacity as one per-
son, and are hereby authorized, in their cor
p0rate capacity, to do and perform all acts
an individual can do, to purchase, lease,
sell or exchange real or personal property,
rights or credits, aa an individual can do,
and to sue and be sued, and 30 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 Gaddo, in the State OF
Louisiana. This company shall have a seal,
and may change or alter the same at pleas
ure.
SEC. 2. Be it further enacted, ETC., That
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
lars, to be divided into shares of one hun
dred dollars each, making five thousand
shares. 1t shall be competent for the
stockholders of this . to fix the
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, etc., That
this company shall nave the exclusive
right to build, equip and maintain a bridge
across the Red river, TO terminate ON the
east bank of Red river, opposite the city of
Shreveport, for the purpose of passing
vehicles Of all kinds, animals, produce Of
all kinds, merchandise and foot passengers.
and for all purposes q bridge may be used
for; and no other bridge shall be built
across said river within a distance of five
miles in either direction for the period of
thirty years, reserving the right to any
railroad company to build bridges within
said limits solely for railroad purposes, but |
In NO way to be used for any of the purposes
above stipulated, except as belonging to
the actual business and operating of the
railroad; and that same company shall
have the right to charge such tolls thereon
as may be fixed by the board Of directors
of said company, and shall have the right
to- police such bridge, so that no one or
thing shall be allowed to pass over the
same except IN accordance 20 the Tegula-
tons made by the directors.
SEC. 4. Be it further enacted, eSc., That
Che affairs of the company shall be con
Quoted by a board Of directors, the first
board OF directors to consist of the inCOr-
p0rators named in the first section Of this
act; in the event of the death of any such
incorpOratOrs the balance shall compose
Che board of directors until the end of the
term; and in tho event of any of such in
corpOrators transferring their entire inter
ID this company during their term OF
they shall cease to act as directors
the residues of the term, and their
place shall be filled by the selection of
other stockholders by the other d.
This board Of directors shall hold
office for two years from the first Monday
OF July, 1872. Thereafter the board OF di-
rect0rs 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, 1874.
and every two years thereafter; that NO
st0ckh0Idef shall vote at any such election
unless the stock on which he claims TO vote ]
has been owned by him at least three
months before the election, as shown by the
stock book Of the company: that each
.,t0ckh0lder shall have one vote for each
'A1IO VI SteCh III Hdg owns &uAk any
ytOckholder may vote by proxy for
directors, and that a majority of votes cast {
shall elect; that it shall be the duty of the
directors TO advertise the election for direC- I
IN AT least one newspaper in the parish {
IT the d0micile Of said company, for thirty
lays before the election, and 20 appoint 4
hree stockholders commissioners to hold
he election; a failure to hold she election, .
Is herein fixed, shall not operate d dissolu- {
ion OF this corporation, but the old board s
Il directors shall hold over until the next {
election. 4 majority Of the board
shall constitute 8 quorum for all =
business. Any vacancy occurring in The l
'oard Of directors fexcepH in fhe first
'oardB shall be filed by the remaining I
directors for that term; any director, after I
is election, disposing of his stock so as to .
.old less than twenty shares. shall from I
hat time cease 20 be q director. and his q
lace shall be filed as above. c
SEC. j. Be it further enacted, etc. That s
first board Of directors of said com :
any shall organize On or before The first Z
ionday of July. 1872, and all subsequent
cards, within ten days after their election, y
y electlDg one OF their members president, a
electing a secretary. When il becomes \
eces8arv the board Of directors may elect ! ?
treasurer and engineer or any other Off ,
they may designate. All such officers C
hall be removable by The board Of direc- a
except the president. The board of o
i~rectors shall nave the righ2 70 fix she p
alary OF the president, and the salary or il
)mpensatlOn OF the other officers, and to il
9quire a bond, with good security, subject S
:, the approval of the board, from the 81
.'easurero and fix the amount thereof, and t
pass all bylaws deemed necessary, not t
consistent with this act OB contrary to P
.wo t.
SEC. 6. Be it further enacted. etc., that a
0Cb certificates shall be provided and a.
hen issued, shall be signed by the presi- o
ent OF the board of directors and counter "
gned by the secretary and sealed with the p
al OF the company; and a transfer book dt
laIl be kept, and no transfer of stock shall .,
legal or binding on the company until u
70 transfer is made on the books Of the ?.
II such transfer shall be legal oii
idence Of the ownership Of the stock, so 81
T as the company is concerned, in any u
urt in this State; that a copy, certified to I!
the secretary of this company, under the III
al OF this company, of any resolution of
9 stockholders or directors, shall be evi- III
nee of stock or of any written proceeding pa
pit by this company, and shall be taken !,
evidence in any court in this State. q
SEC. I. Be 1t further enacted, etc. That ..
Q board OF directors of this company shall All
We the right to issue the bonds of this
for any amount not to exceed the
l0ie amount Of the capital stock, as fixed
this charter. and shall tx the aggregate
10unt OF the bonds to be issued, the
lount and denomination of each bond. the
ne Of maturity thereof, the rate Of inter
they are to bear, whether coupon bonds
not, and every other requisite to consti-
te them legal and certain; and in order
secure the payment of such bonds, with To
} interest thereon, said directors shall
the right to mortgage all the property,