New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-28
No. 30.
An ACT

To incorporate the Shreveport Bridge Com
pany, and to authorize the company to
issue its bonds and to build q road from
Red river to and across Red Chute to the
hills, in BOsser 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, E. P. 0 Key, Charles w. Heating, S.
Peters George w. billiard, NJ. II. CrowalI,
NJ. A. Walsh, ID. d. Smith, S. NJ. 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 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 sec
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 a seal,
| and may change or alter the same at pleas
IRE,
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
bred 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 NAV deem
best; not to exceed one million dollars.
SEC. 8. BE it further enacted, etc, That
this company shall have 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, tor the purpose of passing
vehicles of all kinds, animals, produce Of
all kinds, merchandise and foot passengers,
and Tor all purposes bridge may be used
for; and no other bridge shah be huiit
across said river within a distance of five
miles in either direction for the period of
thirty years, reserying the right to aDy
railroad company to build bridges within
salo hmits solely for railroad purposes, but
ID no way to be used for any of the purposes
above stipulated, except as beIongi7g to
me actual business and operating of the
railroad; and that same cornpa1v shan
nave the right to charge such tolls fhereon
as may be fixed by the board of directors
OF sald company, and shall have the right
70 ponce such bridge, so that no one or
onIns shalI pc allowed to pass over the
same except in accordance to the regula-
tons made by the directors.
:, DEC, +: be 1t further enacted, ETC., That
Inc a1aTs OF the company shall he CON
quoted by board of directors the fre+
BOARD OF directors to consist of the incor-
porators named in the first section of this
act; IN The event of the death of anv sncb
lncorporators the balance shah $780,, 49,
the board Of directors until the end ~ 81
IeFhi ana III tho event Of any of sucb in
corpofators transferring their entire into
esq IN TINS company during their term oF
service they shall cease to act ss 2irec4o~,
turing the resldues of the term, and tbeiT
Piace shaI be filled by the SELECTION If
some other stockholders nv the ntf,a, !;
rectors This board of directors sb Iii a "a
oinGe Tor two years from the first MondaS.
Vi July, 1872. Thereafter the hoard ~ ~
rectoFs OF this company shall cons;at ae
I'VE stockholders who hold at least tTgot-
shares OF stock, to be elected nv the stooiJ
noiaers on the first Monday of july. 1874
s @1u every i've years thereafter; that no
s1ochho!der shall vote at any suob 49,; ~
unless the stock on which he clsiTns + tI
nas peen owned by him at least tbreo
hlohths before the election, as shown nv ~
STOCK DOCK of the company. that 800 ~
sISockhoider shall have one vote for eaob
s stsaat, VI STOCK he may own; that aD1
ssG:o o may vote BY PROV f..
directors, and that majority of votes COZ
s9ail elect that it shalt be the dutv Of o tbe
t to advertise the election for Dire cue
Of Oft the d 10 lGafs one newspaper in parish
nays before the election, and n ar 10y
three stockholders comnissionerr00 4t ~ ST
tne election; failure to hold tba ai Io Ho.o
as hsreln fixed, shall not operate q di SSoI1i'
tion OF this corporation, bat the old bo ooa,
OF directors shall hold over until IN tba D Ua4
regular election. A majority of the lei boa aers