New Orleans Republican., 1872-11-12

hompensat1On of the other officers, and to
Eenuire bond, with good security, subject
Ia 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
law.
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 and counter
signed by the sAcretary and sealed with the
kral Of the couIpany; and transfer Dook
shalT he kcn+ and no transfer of stock shall
he LEGAL or bihding on the company until
tbe transfer id made on the books OF the
coTnnanv and huch transfer shall be legal
evidence of tbd ownership of the stock, so
Far as tbe ron@nanv is concerned, i'll any
court in this State: that a copy, cerd8ed to
bv the gecretars / Of this company, uDa@r the
seal of thig COMPANY, Of any resolution of
+be stockholdeFs or directors, shall be evi-
dence of stock Jr Of any written proceeding
kent bv this cdnpany, and shall be taken
las evidence in any court in this State.
SEC. 7. Be it further enacted, etc, That
fhe board Of diTcctors of this company shall
I6ave the Tightjto issue the bonds Of this
company for AMY amount not to exceed the
whole amount 6f the capital stock, as fixed
by this charter and shall fix the aggregate
amount of the bonds to be issued, the
amount and determination of each bond, the
time Of maturity thereof, the rate OF inter-
est they are to bear, whether coupon bonds
or not and evdry other requisite to consti-
fute them legal and certain; and in order
TO secure the payment of such bonds, with
Ifhe 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
lin the Office of the recorder OF mortgages
for Caddo narish. and shall not be required
to be reinscribtd to keep it in force and eff
feet: and said board of directors shall have
Ithe RIGHT to redeive any donation or gratu-
ity that NAV bb given to said company, or
|any other aid thereto on any such terms as
NAV be agreed on between them and other
SEC. 8. 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 rallrObd from the terminus OF said
bridge on the eastern bank of Red river to
and across the Red Chute in BOssier parish,
and to the hIll$ 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
this section shall he for the same term OF
years as has dIready been granted in this
act 10 wit: thf term Of thirty years.
SEC. 9. Be it further enacted, etc, That
the property bf the said bridge and road
company shall be cz empt from State and
municipal taxation for the full period of its
charter, and Ia consideration therefor the
said company agrees to pay into the treas
ury of thd Charity Hospital at Shreveport
the sum Of Ond hundred dollars, to be paid
within fifteen days from January in each
year, for each and every year during its
term Of incorporation.
SEC. 10. Bel it further enacted, etc, That
| this company shall have the right by its
agents. SURVEYORS, engineers and employees,
10 enter upon all lands and tenements
! through which it may conclude to make
such road, and survey as hereinbef0Te pro
vided, and law out and construct the same.
That when such road, way or route shall
run through any lands belonging to the
| State of Louisiana, the said company shall
have the right of way, and the land where
on the said cdnpany's road shall be con-
structed and fbr the distance Of eighty rods
on each side df said road, if such lands are
the property df the State of Louisiana, shall
be and are hereby granted to said company
f0r their use aInd benefit to aid in the con-
struction and maintenance of said road.
SEC. II Be 1t further enacted, etc, That
anv parish, city, town or incorporated vii
LACE in this Stbte, be and is hereby anthOr-
lied to aid said company in the cOn8truc-
ton of its bridge aud road, or either OF
them bv contributions, or by subscribing
for its stock Or By purchasing It's bonds, or
by issuing thu bonds or warrants Of said
parish city or town in favor OF said com
Dauy: and that for the purposes of carrying
out the provisions Of this act, the police
iurics Of tie several parishes shall repre-
sent the same parishes respectively, and
the mayor and council, or board OF select
men. or board of aldermen shall represent
the said citids, towns or Incorporated vii
lages. And ii shall be lawful at any time
or times for ahy parish, city or town 70 aid
in the construction OF the aforesaid bridge
or road. or either OF them, by a voluntary
contribution dr. gratutOus donation OF real
Or personal p!Operty money or other effects
belonging to such parish, city or town; and
any parish, civ or Incorporated town in the
State is hereby authorized to issue five or
ten wears bonls, bearing interest at rate
not exceeding ten per cent per annunl, with
coupons attathed, in favor of said bridge
and road com Danv and such issue Of bonds
by any such parish, city or incorporated
town, when signed by the proper officers OF
such parish, city or town, as AerelnDeIofe
specified. shall he good and lawful, and
shall not require any other special act OF
the Legislature to permit the same to be
made.
SEC. T. Belt further enacted, etc, haJ
the board OF directors of said company shall
have the right to sell or dispose of any Of
the capital Etocll Of said company not al
ready issued bt the time to any person, com
panv. corporation, or other party, on such
terms as thew may deem best, and to receive
in pavment therefor money, bonds of any
ipc6r6oratior materials, or other thing, and
at such price or rates as they may deem to
the interests of this company.
SEC. -. B@ it further enacted, etc, That
this act shall take effect from and after its
passage. -.,--,
tSigned) o. II. BREWSTER,
Sneaker Of the House of Representatives.
'(Sipuedl p. B. S. PINCHBACK,
lieutenant diovernor and President Of the
Senate.
Approved August d. 1872. ...
iSigned) II. G. WARMOIH,
Govern or Of the State OF Louisiana.