New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-07
a. -. D 90 9s5a

! Te incorporate the Shrevspol$ Bri3ge gHanso
Pany. and to authorize the company to.
issue its bondD and 80 build DToa6 from
Ned river to and across REDS Ghuse &c 5he'
hills in BOssier parish and to coiHcgfoLsB
3hereon, and for other purpose,
sECgsoS b Be it enacted 5y@he geaaG@
J and House of Representatives OF Ghe State
| % Louisiana in General Assembly cone
yened, That Frank NJ. Smith "a II. Leone
ard, Il. ?. O'key, Charles w. Heating s.
Peters George w. billiard, NJ. H. CrSwelIo
| ii. A. Walsh, d. D. Smith, S. NJ Thomas,
+ and their successors and assigns. and suck
other persons as they may hereafter assoc
cIafe with themselves, be and are hereby
! constituted body corporate and polite. to
act IN their corporate capacity as one pero
son, and are hereby aUghogized, in their core
porate capacity, 10 do and perform all acts
| ar individual can do, to purchase leaseS
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: THAI 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.
ID the parish of Caddo, in the State OF
Louisiana. This company shall have a seal,
and may change or alter the same at please
ureo
Seq. 2. Be it further enacted. etc. TbaP
the name and style of this cor0oration
shau be THE Shreveport Bridge Com
panyo and the capital stock of this come
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
SIochholaef$ OF tins company to fix the
amount OF the capital stock from time to
time, as in their judgment they NAV deem
pest, not to exceed one million dollars.
SECo j. Be it further enacted etc That
This company shall have the exclusive
rig to build, equip and maintain a bridge
across the Red river, to terminate on the
east bank of Red river, opDosite +I,n ritv of
for the purpose of nassin@
vehicles Of all kinds, animals, produce NJ
all KINDS, merchandise and foot PASSENGERS.
ana Tor all purposes bridge nav he used
Tor; and no other bridge shall be built
across SAID river within a distance Of five
miles ID either direction for the period of
thirty years, reserying the right 10 any
railroad company to build bridges within
SAID limits solely for railroad purposes. hut
IN no way to be used for any Of the purnosas
ABOVE stipulated, except as BELONGING to
the actual business and operating of the
Eallf0adi and that same company shall
l%Ee the fl9ht 20 charge such tolls thereon
a. may be liked by the board of dir4c4org
Of said company, and shall have fhe rjghS
70. poHce such bridge, so that no one or
,hill8 snail be allowed 90 pass over the
same except in accordance to the regula-
mons made by the directors,
, DEC, 4. BE 1t further enacted etc. That
me a5aFs OF the company shall be con
1 1uc15o ~ BOARD OF directors, the first
loafd OF directors TO consist Of the incor-
1ofat0r8 named in the first section of this
act; in the event of the death Of anU sncb
ncorp0ratOrs the balance shall c0rnDose
ne BOARD OF directors until the end Of the
efLh; ana IN tho event Of any of such in
perpetrators transferring their entire inter
80 III VniS company during their term of
efVlce they shall cease to act az directors
turing the residues of the term. and Their
'Iace shaH be filled by the selection OF
ONE other stockholders by the other di
ectors. This board of directors SHAH hold
i II LOT two years from the first Monday
l CuIy' Io|2 Thereafter the board of di-
oo'o1S u tafS company shall consist of
We stockholders who hold at least twenty
hares of stock, to be elected bv the stocF-
olders on the first Monday of july 1874
M every two years thereafter; that no
sockhoider shall vote at any such election
mess the stock on which he claims to vote
as 0een owned by him at least three
lonths before the election as shown by the
-och Dook OF the company: that zach
-ockholder shall have one vote for o os'oL
lare OF stock he may own; that anv
.ockholder may vote by DrovU fo
lfeiGtors, and that majority of votes cast
M eject that 1t shall be the duty Of the
l Irectors to advertise the election for drec1
Sfs 81 IN at least one newspaper in the narisb
tne u9Lhlclle OF said company, for thirty
ays before the election, and to annoint
Leg q stookholders commissioners fl hold
II ! o!ectI0nj failure to hold the eIectinn
heFeln liked, shall not operate a dissni+,'
"a 5 Vi thlS corporation, but the old hoo,
directors shall hold over nnt;I +bt "u@-u
quar- galar election ItIG A majority of the board
rector: shall constitute a quorum for al
1s-l any vacancy OCCURRING in the
2 2ond, VI directors Except in the frss
I seotl sna1 be filled by the remainjn%
g oioot Iof mat term; any director. afte?.
= = :. 99tectlon, dlsposing of his stock 40 "a tS
~ ~ t less IMAM twenty shares. shall from
90 'i me, cease to be director. and hiS
Sc SEai D. De ). hiied as above.
Pc, . a.. D. Be 1t further enacted. etc. Tbae
. HrsT board of directors of SAID cons
,IS 7 snait organize on or before the firse
on9ay OF july 1872, and ali snhsaS,larS
,aEos, within ten days after Their ajott;oI
= St97celng one OF their mem bers DresiTenf
o ~ ecllllS secretary. When r bpceme9
cessary the board Of directoTs 80 oiaoS
treasurer and engineer. or an1, nthfar 0[Go
Is ICY 10y nay designate. Ali such offcera
s @i1 De removable by the board of direcs
rs, except the president. The board Of
Tec1ors shal have the right to fix the
'AFS Of the president and the salary OF