New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-17

| W GD6 approval VI the UOdFQ, from the
! treasurer, and tx the amount thereof, anC
to pass all bylaws deemed necessary, moi
! inconsistent Uith this act or contrary &c
law.
SEC. 8 Be is further enacted, etc, That
stock certificates shall be provided, and
when issued, shall be signed by the presi,
| dent OF the board of directors and counter
signed by the secretary and sealed with the
| seal Of the company; and transfer book
! shall be kept, and no transfer of stock shall
! be legal or binding on the company until
| the transfer is made on the books of the
| company, and such transfer shah be legal
| evidence of the ownership Of tho stock, So
| far as She company is concerned, in any
court in this State; that copy, certified to
| by the secretary Of this company, under the
| seal o. this company, Of any resolution OF
/ the Stockholders 0r directors, shall be evi
! Gsnce Of stock or of any written proceeding
| kept by this company, and shall be taken
/ as evidence IN any court in This State.
| SEC. .. Be it further enacted, etc, That
/ the board of directors of this company shall
have the right to issue the bonds of this
| company fer any amount not 10 exceed the
| whole amount Of the capital stock, as fixed
! by this charter. and shall tx the aggregate
amount Of the bonds 80 be 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 to cOnsti-
! tue them legal and certain: and in order
to secure the payment of such bonds, with
the interest thereon, said directors shall
have tn" right to mortgage all the property.
| both real and personal, intending the
bridge. which mortgage shah he recorded
in the 0ttice of tbs Secorder OF mortgages
fer CadGO parish, and shall not be REQUIRED
to be transcribed to keep il IN force and ct
feet; and said board Of directors shall have
the right to receive any donation or gratu-
lty that may be given to said company, or
any other aid thereto on any such terms az
may pc agreed on between them and other
parties.
SEC. 8. Be it further enacted, etc. That
to the same company are hereby granted
the exclusive right and privilege TO buiIa,
construct, establish and maintain plank,
shell OF railroad from the terminus of said
bridge on the eastern bank OF Red river to
and across the Red Chute in Bossier parish.
and 70 the halls or high lands by such route
as shall be deemed most ad yantageOus 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 be for the same term OF
years as has already been granted in this
act, TO wit: the term of Thirty years.
SEC. 9. 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 of its
charter, aud in consideration therefor the
said company agrees to pay into the treas
MY OF ind Charity Hospital at Shreveport
the sum of one hundred dollars, to be paid
within fifteen days from January in each
year, for each and every year during its
term OF incorporation.
SEC. TO- BE it further enacted. etc, That
this company shall have the right by it's
agents, surveyors. engineers and employees,
TO enter upon all lands and tenements
through which it may conclude TO make /
such road, and survey as herelHbetOre pro-
vlded, 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 said company shall |
have the right of way, and the land where |
on the SAID cOmpanY,S road shall be cen
struct3d and for the distance OF eighty rods !
on each side OF said road, if such lands are
the property Of the State Of Louisiana, shall
be and are hereby granted to said company |
for their use and benefit to AID ia the con
struction and maintenance of said road.
SEC. IL. Be it further enacted, ere, That
any parish, city, town or incorporated viii
iage in this State, be and is hereby anth0r-
leu 70 ali st-lh CpiHptuJ III me CPISIUC-
tjon of its bridge and road, or either Of
them, by contributions, or by subscribing
Tor its stock, or by purchasing its bonds, or
by issuing the bonds or warrants of said
parish, city or town in favor OF said com
p&ny: ami that for the purposes OF carrying
)uJ the provisions Of this act. the police
Hrias OF the several parishes shall repre-
sent the same parishes respectively, and
yhe mayor and council, or board OF select
men, or board of aldermen shall represent
he said cities, towns or Incorporated vii
ages. And it shall be lawful at any time
VI times for any parish, city or town to aid
n the construction OF the aforesaid bridge
y road, or either OF them, by Il voluntary
contribution or gratuitOus donation of real
" personal property, m0ueyor other effects
to such parish, city or town; and
my parish, city or incorporated town in the
'tate 10 hereby authorized to issue five or
en- years bonds, bearing interest at a rate
tot exceeding ten per cent per annum. with
0Hpons attached, in favor Of said bridge
nd road company, aud such issue Of bonds
y any such parish, city OF incorporated
own, when signed by tue proper officers OF ,,
Uch parish, city or town, as herenbef0Te
2ecEfed, shall be good and lawful, and
mali not require any other special act of !
he Legislature to permit the same to be
4aGe.
SEC, Il. Be it further enacted, etc, That
be board OF directors of said company shall }
ave the right to sell or dispose Of any of :
ne capital stock Of said company not al !
lady issued at the time to any person, coln- :
any, corporation, or other party, on such
'llns az they may deem best and to receive
! payment therefor money, bonds Of any =
corporation, materials, or other thing. and
such prices CT rates as they may deem to .
lie interests of this company. =
SEC. 3D. Be it further enacted, etc, That '
lis act shall take effect from and after it's =
assage
tSigned) o. #. BREWSTER. D
1eaker Of the House of Representatives. q
f8igDed) ?. B. S. PINCHBACK. !
lieutenant Governor ana President OF the y
Senate.
August -, 1872. :
tSigned) H. G. W4RMOTR. !,
Governor OF the State OF Louisiana. -
a true copy: :;
Z, A, WOODWARD II