New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-24
No. 90.
AN ACT

To incorporate the Shreveport Bridge Com.
pany, and to authorize the company to
issue its bonds and to build road from
Red river to and across Red Chute to the
NILS, III Booster 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, Z. ?. O'Key, Charles w. Heating, S.
Peters, George w. billiard, M. II. CroWen,
NJ A. Walsh, D. 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 one per-
| son, and are hereby authorized, in their cor
| porate capacity, to do and perform all acts
an individual can d. 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 TO 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
uTe.
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 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, tor the purpose of passing
vehicles of all kinds, animals, produce Of |
all kinds, merchandise and foot passengers,
and for all purposes a 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, FeserYlng the right 30 snv |
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 night DO charge such tolls thereon |
as may be fixed by the board of directors |
OF said company, and shall have she right !
b. police such bridge, 80 that no one or
thing shall be allowed to pass over the
same except in accordance 10 the Fegnla-
tions made by the directors
SEC. A. Be it further enacted etc, That
the affairs OF the company shall be CON
Quoted by board of directors, the first
board of directors to consist of the ipcor-
p0rators named IN the first section of this
act; IN the event of the death of any such |
lnoOrporatOrs the balance shall compose |
the board Of directors until the end of the
term; and IN tho event of any of such in
eorporat0rs transferring their entire inter
est IN this company during their term of
service they shall cease to act as Girectors
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 Al.
rectors OF this company shall consist of |
tive stockholders who hold at least twenty
SHARES OIL STOCK. to be elected by the stock
holders on the flr8t 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
months before the election, as shown by the |
stock book of the company; that each
stockholder shall have one vote for each |
share of stock he may own; that any
stakeholder may vote by proxy for
and that a majority of votes cast
shall elect; that it shall be the duty of the
directors to advertise the election for direo-
tors In at least one newspaper in the parish
Of the domiciIe of said company, for thirty
lays before the election, and to appoint
three stockholders commissioners to hold
the election; failure to hold the election,
% herein fxed, shall not operate a dissOlu-
ion Of this corporation, but the old beard
Of directors shan hold over until the next
regular election, A majority Of she bOaBd