New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-10-25
LAWS OF THE STATE OF LOUISIANA
PUBLISHED BY AUTHORITY.
No. 95.
AN ACT

| To incorporate the Shreveport Bridge Com
pany, and to authorize the company to
issue its 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. H. Leon
| ard, E. p. O'Key, Charles w. Heating, S.
| Peters, George w. billiard, NJ. H CroWpIl,
| NJ. A. Walsh, D. D. Smith, S. NJ. Thomas,
and their successors and assigns, and such
| other persons as they may hereafter ass0-
| 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
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 and 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 see
| 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 alter the same at pleas
ure. .,
| 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 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 it further enacted, etc, That
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, for 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. reserving the right to any
railroad company to build bridges within
said limits solely for railroad purposes, but
in no way 70 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 I
thing shall be allowed to pass over the |
same except in accordance TO the Tegula- J
lions made by the directors.
SEC. 1. Be it further enacted. etc, That |
the affairs Of the company shall be 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
inG0rpOratoTs the balance shall compose !
the board Of directors until the end Of the |!
term; and III the event OF any of such in |
cOrpOratOrs transferring their entire inter !
est in this company during their term of
service they shall cease to act as directors
during the residues of the term, and their
place shall be filed by the selection of
some other stockholders by the other di-
rectOrs. This board Of directors shall hold
Office for two years from the first Monday +
of July, 1872. Thereafter the board OF di-
rectors 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
stakeholder shall vote at any such election
unless the stock on which he claims 90 vote
has been owned by him at least three
months before the election, as shown by the
stock book Of the company; that each
shall have one vote for each !
share Of stock he may own; that any
may vote by proxy for
directors, and thaS majority Of votes east
shall elect; that it shall be the duty Of the
directors to advertise the election for elirec-
tors III at least one newspaper in the parish
Of the U0mieile OF said company, for thirty
days before che election, and 10 appoint
three stockholders commissioners 90 hold
the election: a failure to hold the election,
as herein fixed, shall not operate dissolu-
ton Of This corporation, but che old board
Of directors shall! hold over until the next
regular election. 4 majority OF the board
directors shaI! constitute q quorum for all
business. Any vacancy occurring in the
BOARD 0f directors Except in the first
)oardj shall be filed by the remaining
directors for that torm; any director. after
lis election. dispOsing OF his stock so as so
lold less than twenty shares, shall from
hat time cease 20 be director and his
,lace shall be filled as above.
SEC, 5. BE e further enacted, etc. That
he first board Of directors of said com
'any shall organize on or before the first
ionday Of !uly. 1872, and all subsequent
'0ards, within ten days after their election, !
y eleSting one OF their members president,
nd electing a secretary. When it becomes
ecessa;E the board of directors may elect
treasurer and engineer, or any other Off
=
hall be removable by The board of direc- {
ors, except the president The board of {
irecSOrs shall have the right to fix the !
ilary % Che president, and the salary or l
Of the other officers, AMI to i
oqUire bond, with good security, subject
} the approval of the board, from the I
'easUrer, and fix the amount thereof, and
} pass all bylaws deemed necessary, not
lcons6steBt with 3his act OF contrary to |
nw. t
SEC. s. Sc it further enacted, etc., That a
ock certificates shall be provided, and q
hen issued, shall be signed by the presi-
ent OF the board Of directors and counter
gned by the secretary and sealed with the 7
al of the company; and a transfer book /
lall be kept, and no transfer of stock shall
2 legal or binding on the company until l.
lie transfer is made on the books of the p
,mpany, and such transfer shall be legal U
-idence of the ownership of the stock, so e
T as the company is concerned, in any I
u1t in this State that copy, certified to !
z the secretary OF this company, under the
al of this company, Of any resolution of Al
g stockholders or directors, shall be evil u
,nce Of stock or Of any written proceeding P
pit by this company, and shall be taken | -
evidence in any court in this State. D
SEC. l. Be it further enacted, ETC., That |
e board OF directors of this company shall | L
we the right to issue the bonds of this
mpany for any amount not to exceed the
lOle amount of the capital stock, as fixed
this charter, and shall fix the aggregate
lount 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-
tie them legal and certain and in order
Secure the n9VTneUt of such bonds with | TX