New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-23
NO. 95.
AN ACT

To incorporate the Shreveport Bridge Com
pany AND to authorize the company to,
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 l. 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. Fl. Leon
ard, Z. 7. O'Key, Charles w. Heating, S.
Peters, George w. billiard, NJ Fl. CroWan,
NJ. A. Walsh, d. .. Smith, S. III. Thomas,
and their successors and assigns and such
other persons as they may hereafter asso-
clate with themselves, be and are hereby
constituted body corporate and polite to
act IN their corporate capacity as Que per
son, and are hereby authorized, in their cor
pOrate capacity, to do and perform all acts
an individual can do, to purchase, lease,
cell or exchange real or personal property,
rights or credits, az 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 sec
rotary thereof that the domiciIe of this
company ID fixed in the city of Shreveport.
in the parish OF Caddo, in the State OF
LOUISIANA. THIS company shall have q 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. It shall be competent for the
stockholders of this company to fix the
amount of the capital stock from time to
time, 30 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, 10 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 q distance Of FIVE
miles in either direction for the period of
thirty years, reserying 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 to the Perula-
tons made by the directors.
SEC. 4. Be it further enacted, etc., That
the affairs of the company shall be cnn
Quoted by a board OF directors, the flret
board of directors to consist of the moor
porat0rB named in the first section Of this
act; in the event of the death of any sueh
lncorporators the balance shall compose
the board OF directors until the end of the
term; and IN tho 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 filled by the selection of
some other stockholders by the other di
rectors. This board Of directors shall hold
office for two years from the arst Monday
OF July, 1872 Thereafter the board of d.
cec1oEs OF TINS company shall consist of
hve stockholders who hold at Ieaat twentv
shares of stock, to be elected bv the stocf
holders on the first Monday of July, 1874.
ana every two years thereafter; that no
s0ockholder 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
sSockhoIoer snail have one vote for each
snare OF stock he may own; that any
stoekholder may vote by proxy for
directors, and that majority of votes cast
shall s; elect that it shall be the duty of the
directors to advertise the election for diree-,
tors in at least one newspapeI in the narisb
of the domicile of said conITbanv for thru
I lays before the election, 3snd to appoint
tLeee ssockholders commission to hold
az herein fixed, shall not oberste a dissoin,
ton Of this corporation, bat the old board
" u1leos9rs shaiI hold oyer until the next
log "1''f otectaon' A majority Of the board