New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-10-26
NEW ORLEANS REPUBLICAN, SATURDAY OCTOBER e. 1872

the property of the said bridge and road
| company shall be ex empt from State and
| municipal taxation for the full period of its
| charter, and in consideration therefor the
SAID company agrees to pay into the treas
| ury OF thd Charity Hospital at Shreveport
| the sum OF one hundred dollars, to be paid
| within fifteen days from January l in each
| year, for each and every year during its
ERIN OF incorporation.
| SEC. 10 Be it further enacted. etc. That
| this company shall have the right hy 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 hereinbefOre pro
yided, 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 CON
stTucted 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 in the con
structiOn and maintenance Of said road
SEC. IL. Be it further enacted, etc, That
any parish, city, town or Incorporated vii
lage in this State, be and is hereby anthor.
lied to aid said company in the construc-
ton of its bridge and road or either Of
themo by contributions, or by subscribing
for 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
pany; and that for the purposes Of carrying
out the provisions of this act, the police
juTies OF the 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 cities, towns or Incorporated vii
lor And 1,n1l 1a i1Tr wi
or times for any parish, city or town to aid
IN Che construction of the aforesaid bridge
or road, or either OF them, by voluntary
contribution or gratuitOus donation of real
oP personal property moneyor other effects
belonging to such parish, city or town; and
any parish, city or incorporated town in the
State Is hereby authorized to issue five or
ten years bonds, bearing interest at a rate |
not exceeding ten per cent per annum, with |
coupons attached, in favor of said bridge |
andToa6 company, and such issue of bonds |
by any such parish, city or Incorporated |
town, when signed by the proper officers of |
such parish, city OF town, as hereinbefore |
specified, shall be good and lawful, and |
shall not require any other special act of |
the Legislature 70 permit Che same TO be |
made.
SEC. e. Be IL further enacted, etc. That
che board of directors of said company shall |
have the right to sell or dispose of any of |
the capital stock of said company not al
ready issued at the time to any person, com
pany, corporation, or other party, on such
terms as they may deem besS, and to receive
in payment therefor money, bonds of any
materials, or other thing, and
at such prices or rates as they may deem to
the interests of this company
SEC. Is. Be it further enacted, etc, That
this ace shall take effect from and atteg its
passage.
Speaker of the House of Representatives.
$Signed) p. b. S. PINCHBACK.
lieutenant Governor and President Of the
Senate.
Approved August IS, 1872
(SignedY II. G. WARMOTH,
Governor of the State Of Louisiana.
4 true copy:
I. A. WOODWARD.
Assistant Secretary of State.