New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-12
No. 05.
AN ACT

AN ACT
To incorporate the Shreveport Bridge Com
pany, and to authorize the company to
issue its bonds and to build a road from
Red river to and across Red Chute to the
hills, in Bossier parish, and to collect tolls
thereon, and for other purposes.
SECTION l. Be it enacted by the Senate
and House of Representatives of the State
of Louisiana in General Assembly con-
vened, That Frank NJ Smith, A. H. Leon
ard, L. 2. O'KeY, Charles w. Heating, S.
Peters, George ". billiard, NJ. II. Crowall,
NJ. A. Walsh, D. D. Smith, S. NJ. Thomas,
and their successors and assigns, and such
other persons as they may hereafter asso-
ciate with themselves, be and are hereby
constituted body corporate and polite, to
act in their corporate capacity as one per
son, and are hereby authorized, in their cor
porate capacity, to do and perform all acts
an individual can do, to purchase, lease,
sell or exchange real or personal property
nights or credits, as an individual can do
and to sue and be sued, and 20 do all things
an Incorporation can do; that 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 see
rotary thereof; that the dOmicile of this
company is fixed in the city of Shreveport,
in the parish of Caddo, in the State of
Louisiana. This company shall have a seal,
and may change or alter the same at pleas
ure.
SEC. ?. Be it further enacted etc, That
the name and style of this corp0ration
shall be "The Shreveport Bridge Com
panT, and the capital stock of this COM
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
stockholders OF this company to fix the
amount OF the capital stock from time to
time, as III their judgment they NAV deem
best, not to exceed one million dollars.
SEC. 3. BE it further enacted, etc. That
this company shall have the exclusive
right to build, equip and maintain bridge
across the Red river, to terminate on the
east bank OF Red river, opposite the CITY of
Shreveport, Tor the purpose of passing
Vehlcles OF all kinds, animals, produce Of
ali kinds, merchandise and foot passengers.
and for all purposes a bridge may be used
for; and no other bridge shall be built
across said river within a distance of five
miles in either direction for the period of
thirty years, reserying the right to any
railroad company to build bridges within
said limits solely for railroad purposes. but
IN no way to be usedfO any of the purposes
above stipulated, except as belonging to
the actual business and operating of the
railroad; and that same company shall
have the right to charge such tolls thereon
as may be fixed by the board of directors
OF sand company, and shall have the right
to police such bridge, so that no one ar
thlng shall be allowed to pass over the
same except IN accordance to the regula-
tons made by the directors
SEC. 4. Be it further enacted. etc. That
the affairs of the company shall be CON
quoted by board of directors, the first
board OF directors to consist of the incor-
poFators named in the first section of this
act; in the event of the death Of anv such
lncorporators the balance shall compose
the board OF directors until the end of the
term; and in tho event of any of such in
corporators transferring their entire inter
est IN this company during their term Of
service they shall cease to act as directors
during the residues of the term, and their
place shall be filled by the selection Of
some other stockholders by the other di-
rectoFs: This board of directors shall hold
otace Tor two years from the first Monday
OF July, 1872 Thereafter the board of d.
rectors of this company shall consist - of Of
hYe stockholders who hold at least twenty
shaTes OF stock, to be elected by the stock
holders on the first Monday of july. 1874
and every two years thereafter; that no
stockholder shall vote at any such election
unless the stock on which he claims TO vote
has been owned by him at least three
months before the election, as shown NV +bo
stock book of the company: that eo sno
stakeholder shall have one Vote far eacS
snare OF stock he may own; that anv
stockhoIder may vote nv nrorp for
directors, and that majority of votes cast
shall elect; that it shall be the dutv Of tho
directors to advertise the election for direc-
tors IN at least one newspaper in the parish
OF the domlclle OF said company, for thirty
days before the election, and to anDoint
three stockholders commissioners to hold
the election; failure to hold the elecfion
as nereln fixed, shall not operate a dissolIr,
lon OF this corporation, but the old hnarG
OF directors shall hold over until the newt
regular election. A majority of the hoard
directors snail constitute q quorum for ali
business. ANY vacancy occurring in the
Doar4 OF directors Except in The first
6oardl shall be filled bv the remainino-
directors Tor that tarm; any director aftaP1
ms eiectlon, disp0sing of his stock 40 "a ~
uoIa less 6han twenty shares, shall from
t1at time cease to be director, and he
place s1all be filled as above.
SEC. D. BE it further enacted e+c ThoA
the first board Of directors of said cn n'oO
pany shall organize on or before +6a So
Monday Of July, 1872, and ali snhsa0,1 uloS
boards, within ten days after their eiodt ten'
ny el9ctlng one OF their members president
anu electlnS secretary When it becomes
necessary CESAR the board of directors NAV elect
d treasurer and engineer or any other Off.
GERS GERS, tney may designate. All such oficars
: De removable by the board of dirao,
e .;? except Lhe president. The board If
u VI 1ee snau have the right to fx tho
7''SS@l 81 F9e president, and the saIarx, ~,