New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-21


Compensat1on of the other officers, and to
require q bond. with GOOD security. subject
to the aDDroval. of fhe hoard from the
treasurer and fix the amount thereof and
to pass all bylaws deemed necessary, not
inconsistent with this act or contrary to
law
SEC. 6. Be il further enacted. etc, That
stock certificates shall be provided, and
when issund shall hn SIGNED nv the presi-
dent of the board Of directors and counter
signed NV thc spcretarv and sealed with the
seal of the cononanv. and a transfer book
shall be kept. and no transfer Of stock shall
be leral or binding on the company until
the transfer is made on the books of the
company. and such transfer shall be legal
evidence of the ownership Of the stock, so
far as the company il concerned, in any
count in this State; that a copy, certified to
bv the secretary Of this company, under the
zeal Of this company Of any resolution OF
She stockholders or directors, shall be eyl
dence of stock or Of any written proceeding
kent bv this company, and shall be taken
"a evidence in any court in this State.
SEC z. Be it further enacted, etc, That
the board of directors Of this company shall
have the right to issue the bonds Of this
company for any amount not to exceed the
whole amount Of the capital stock, as fixed
by this charter, and shall Tx the aggregate
amount of the bonds to be issued, the
time Of maturity thereof the rate of inter
est they are to bear, whether coupon bonds
or not. and every other requisite to consti
tutr them legal and certain; and in order
to secure the Dayment Of such bonds, with
the interest thereon. said directors shall
have the RIGHT to mortgage all the property,
both real and personal, including the
bridge, which mortgage shall be recorded
in Tie Office of the recorder of mortgages
for Caddo parish and shall not be required
to be reinscribed to keep it in force and eff
feet: and said board of directors shall have
The RIGHT to receive any donation or gratu-
ify that may be given to said company, or
anv other aid thereto on any such terms as
NAV be agreed on between them and other
parties.
SEC. g. Be it further enacted, etc. That
to the 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 BoBsieT parish,
and to the hills or high lands by such route
as shall be deemed most advantageous by
the directors of said company, and that the
same company shall be allowed and are
hereby empowered to charge and collect,
for passing over said road, tolls at such
rates as the directors shall prescribe; and
the same right and privileges granted by
VI
wears as has already been granted in this
act TO wit: the term Of thirty years.
SEC. g Be it further enacted, etc, That
the property of the said bridge and road
company shall be exempt from State and
municipal taxation for the full period ct its
charter, and in considerations therefor the
said company agrees TO pay into the treas
ury of thd Charity Hospital at Shreveport
She sum OF one hundred dollars, to be paid
within fifteen days from January ] in each
gear, for each and every year during its
term Of Incorporation.
SEC. 10. Be it further enacted etc. That
9his company shall have the right by Its
agents, surveyors, engineers and employees
TO enter upon all lands and tenements
through which it may conclude to make
such road, and survey as herelnbetore pro-
Tlded, and lay out and construct the same:
That when such road, way or route shall
run through any lands belonging to the
State OF Louisiana, the sad company snail
dave the right OF way, and the land where
on the said cOmpany's road shall be con
Gtrucrod and for the distance OF eighty rods
on each side OF said road, II such lands are
the property OF the State OF Louisiana, shall
be and are hereby granted to sai0 company
Gor their use and benefit to aid in the con
a,Guction and maintenance OF said road
SEC. H. BE it further enacted, etc. 4hat
any parish city, town or Incorporated VII
otSSSN IA tl4t6 ~ ~ W t'+A '4+ ~
.zrd to aid said company in the constin&"
Son o. its bridge and road or either o.
chem, by contributions; or oy sn t'a.
Cor it, stock, OF by purchasing It's bonds or
oy issuing the bonds or warrants 9t sal0
parish. "lty or Gown IN iaSor OF sald COM
9any; and that TOR the pun loses OF CARVING
nGS the provisions "f tlH$ act; me ponce
J1Iles ?! the several parishes shalA repre-,
cent the same parishes reSpeetIFeiy' ana
the mayor anu COuUt1IO VI bpdEd OI EtlttA-
men, or board OF aldermen shall rciresenS
iagcso And it shall he lawful at any time
or times tor any parish, city or town TO @id
III Tie construction OF the aforesaid bIl"%e
Q" road or either oil Then'; oy u 'olunt .
CONTRIBUTOR Oh GIatulIou7 StoHt'Il2ii vi 500
Or personal property, money oF other effects
belonging 10 such parish, clty or Town; anu anu |
any PARISH, Guy OF lneoL2oL"leo to~il ~ '+e
H.ate - IeLe9y %"onoltl1a ~ $50 -,
-eL years oonus, oe1Lli iSeIeas @t a a"tI
not exceeding ten per Gent per ahnune WIN .