New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-07


CONDENSATION of the other Officers, and to
require bond, with good security, subject
I'd the approval Of the board, from the
treasurer, and fix the amount thereof, and
10 pass all bylaws deemed NECESSARY, NOT
Inconsistent with this act or contrary to
Jaw.
SEC 6. Be it further enacted, etc, That
stock certificates shall be provided. and
when issued, shall be signed BY the presl'
dent of the board of directors ana counter
sigued by the secretary and sealed WIN the
seal Of the company; and transfer pooK
Shall be kept, and no transfer OF stocE sha!i
be legal or binding on the company HnI1
the transfer is made on the po0hs OF the
tnTnnanv and such transfer shall be legal
evidence Of the ownership OF tfe STOCK, SO
lar as the company IS concerned, IN any
court il this State: that copEt ceFuled TO
bv the secretary Of this company, under She
seal of this company, OF any resolution OF
the stockholders or dIrectors,i shall De GvI-
Qinnrn Of stock or Of any written proceeding
kent hv this company, and shall be taken
aE evidence in any court in this State.
SEC I. BE it further enacted, etc, That
fEe board Of directors Of this company shall
lave the right to issue the Honds Of this
company for any amount not TO exceed the
Whole amount of the capital stock, as fixed
.bT this charter and shall fix the aggregate
amount Of the bonds to I'd issued, the
amount and denomination of each bond the
time Of maturity thereof, the rate Of inter
est they are to bear, whether coupon bonds
or not. and every other requisite 10 consti-
tu-c them legal and certain; and IN order
{. secure the payment of such bonds, with
She interest thereon, said directors shall
have the right to mortgage the property,
both real and personal, lhclHdlng the
bridge, which mortgage shall be recorded
ii the office Of the recorder Dt mortgages
for Caddo parish, and shall NOT be required
20 be reiDscribed to keep it III force and eff
feet: and said board Of directors shall have
'le right to receive any donation or gratu-
:tv that may be given to said company, or
any other aid thereto on any such terms as
may lie agreed on between them and other
parties.
SEC 8. Be it further enacted, etc. That
20 tie same company are hereby granted
the exclusive right and privilege to build,
construct, establish and maintain plank,
Shell or railroad from the terminus Of said
bridge on the eastern bank OF Red river to
and across the Red Chute in BossieT parish,
and to the hills or high lands by such route
as shall be deemed most advantageous by
:he directors Of said company, and that the
came company shall be allowed and are
?egebE empowered TO charge and collect,
Cor passing over said road. tolls at such
sates as the directors shall prescribe: and
:he same right and privileges granted by
sLis section shall be for the same term OF
years as has already been granted in this
act. 20 wit: the term Of thirty years.
SEC. .. BE it further enacted. etc. That
she property Of the said bridge and road
company shall be exempt from State and
municipal taxation for the full period of its
charter. and in consideration therefor the
said company agrees to pay into the treaso
s.Iy OF thd Charity Hospital at Shreveport
Che sum Of one hundred dollars, TO be paid
@ithln fifteen days from January "a each
scale for each and every scar during its
8 III Of incorporation.
SGD 10. BE it further enacted, etc. That
ti!s company shall have the right by ats
agents. surveyors, engineers and employees,
20 enter upon all lands and tenements
Through Which it may conclude to make
such road, and survey as herelnDefOre proc
%lGeG. and lay out and construct the same
That when such road. way or route shall
sun through any Lands belonging to the
State Of Louisiana, the said company shall
Rave the right OF way. and the Land where's
gu the said company s,road shall be con
struceed and for the distance o. eighty rods
OIL each side Of said road, if such lands are
she property Of the State Of Louisiana, shall
~. ana are hereby granted 60 said company
Cor their use and benefS t. aIG il the cone
sS'guGtiOn and maintenance Of said road
SEC. II. BE it further enacted, etc. That
CIV parish. city. town or Incorporated vile
3.Ee in Shis State be and is hereby auth0ro
Rz.G 50 aid said company in Che cOnstruc-
ZION of its bridge and road, or either OF
s;.en. b. contributions. or by subscribing
$yr its stock. or by purchasing it, bonds or
w issuing the bonds or warrants OF said
parish. city OF town in favor OF said COM
9any; a4d that for the purposes Of carrying
eut the provisions OF this act. the police
gg.ies OF TIE several parishes shall repre-.
cen! che same parishes respectively, and
aie snayQr and council, or board Of select
men, or Soard Of aldermen shall represent
sine said cities, towns or incorporated vii
Aagess And iH shall be lawful at any Gime
or Zines for any parish, city or town to ala
IL the construction of the aforesaid bridge
o: road. or either OF them. by voluntary
grntr.butiOn or gratuitOus donation OF real
o. Ia1s0naI property monayoT other effects
belonging to such parish, city "T town. and
any garish, &!ty or Incorporated town n the
State is hereby authorized 90 issue tive or
gen gears bonds, bearing interest 80 rate
Go:@XceediHg Ten per cen: per &nnum. WITH
SsupOnS attached, III favor OF sand bridge
and soaA company. and such issue Of bonds
BIZ any such parish city or incorporated
Sewn, Wien signed By the pTopeg officers OF
sucl parish, city or town, as hereinbefore
specifed. shall be good and lawful. and
shall nos require any other special act OF
She Legislature to permit the same TO De
made.
SEE. y. Be Y further enacted, ETC. Thai
The board OF directors OF salQ company shall
haye Che eight 20 sell or dispose OF any OF
she capital stock Of said company not al.
geady issued 40 thu time 80 any person, COM
panr, corporation, or OtheR party, OF such
:syns az fhey may deem best, and 70 receive
ln payment therefor mOney, bonds o: any
hc5rDoratioa, materials. or other thing, and
a. such prices or rates as ehey may deem 30
Sgle interests Of this company.
SEC. i3 Be it further enacted, etc. That
@ Gh.s act sAaD Gake GttecG Gotn and a.teS Its
passage. ---
Sneaker of fhe House Of Representatives
.Synedt p b. $. PINCHBACh,
g.:eutenant Governor and President o1 she
Senate.
Approved august IS, 1872.
6SgncdL II. Z. NARhCTH,
GovGrnsr Of the State O. louisiana
a true copy:
J. A. WOODWARD,
Assistant Secretary Of state.