New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-10-26
LAWS OF THE STATE OF LOUISIANA
PUBLISHED BY AUTHORITY.
O5.
AN ACT

issue It's DOnuS ana TO DulIu a ROAD iron
Red river to and across Red Chute to tht
hills, in Bossier parish and to collect tolll
thereon, and for other purposes.
SECTION l. Be it enacted by the Senate
and House of Representatives of the State
of Louisiana in General Assembly con
| vened, That Frank M. Smith, A H. Leon
ard, E. P. O'Key, Charles w. Heating, S
! Peters, George W. billiard, M. H. Crowell
n. 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 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.
Z sell Or exchange real or personal property,
1 rights or Credits as an individual can do,
and to sue and be sued, and 30 do all things
an incorporation can do; that service OF
4 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 domiciIe Of this
| company is fixed in the city of Shreveport,
in the parish of Caddo, in the State OF
Louisiana This company shall have a seal,
and may change or alteG the same at pleas
ureo
SEC. 2 Be is further enacted, etc, That
| the name and style Of this corporation
shall be 6"lhe Shreveport Bridge Com
panyo" and the capital stock of this com
| pany shall be five hundred thousand dol
| lars, to be divided into shares Of one hun
| dTed dollars each, making five thousand
shares. 1t shall be competent for the
stockholders of this company 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 ie further enacted etc, THAI
this company shall have the exclusive
right to build equip and maintain bridge
across the Red river to- terminate on the
east bank of Red river, opposite the city Of
Shreveport, tor the purpose of passing
vehicles of all kinds, animals, produce OF
all kinds merchandise and foot passengers,
and for all purposes % 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, r6serving the right 20 any
railroad company 60 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, 80 that no one or
thing ehall be allowed TO pass over the
same except in accordance TO the Gegula-
tons made by the directors.
SEC. d. Be it further enacted, etc, That
the affairs of the company shall DO CON
Quoted by a board of directors, the first
board Of directors to consist of the incOr-
pOrat0rs named in the first section Of this
act; in the event of the death Of any such
incOrporators the balance shall compose
the board Of directors until the end OF the
term; and in the event of any of such in
c0rpOratOrs transferring their entire inter.
est in this company during their term of
service Shey shall cease TO act as directors
during che residues of the term, and their
place shall be filed by che selection of
ROme other stockholders by she other di-
PectOrs. This board OF directors shall hold
office for Eve years from the first Monday
of July. 1872 thereafter the board OF di- |
rectOrs of CHS company shall consist of
five stockholders who hold at least twenty
shares of stock. &c be elected by the stock. |
holders on the first Monday of July. 1874, |
and every two years thereafter; that no
stakeholder shall vote at any such election |
unless the stock on which he claims to vote
has been owned by him at least three J
months before the elCctiono as shown by the |
stock. book of the company; that each |
stakeholder shall have one vote for each |
share of stock h8 may own: that any
directors. and that = majority NJ VAL. cast |
shall electo chat it shall be the duty of the |
directors to advertise the election for direc. !
tors Ia at least one newspaper III Che parish |
OF the domlclle OF said company, for thirty !
days before the election and to appoint |
three stockholders commissioners to hold |
"A herein tiTed shaU NOT oDnro "a =, dissoI1,'
ton Of TIL. corporation, but the old board
Of directors shall hold over until the next !
regular e!ectiOno 4 majority OF the board |
directors shall constitute a quorum for all |
business ANY vacancy occurring in the |
board Of directors Except in the first
board! shall be filled by the remaining !
directors FOX that term: any director after
bis election, disposng of his stock SO as 10
hold less Shan twenty shares. shall from
that time cease to be a director. and his
place shall be filled as above.
Sec. ). Be it further enacted. ctC., That
5he first board of directors of said com.
Jany shall organize on or before the first |
Monday of July, 1872 and all subse0uent !
boards. within ten days after their election,
)y electing one of their members president,
ind eleCting a secretary. When it becomes !
the board Of directors NAV elect
treasurer and engineer or anv other off
ers they may designate Ali such officers
han be removable by the board of direc.
OTs, except the president. The board of
directors shall have the right to fix the
alary Of the president. and the salary or
compensation Of the other officers. and to
eQuire bond, with good security. subject
o the approval of the board, from the
and fix the amount thereof. and
o pass all bylaws deemed necessary, not
Inconsistent with this ACT OF contrary to
awe
SEC. C.. Be IL further enacfoa orr 'rba,
took certificates shall no nroTidrd and and