New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-17
NO. 95.
a N ACT


To incorporate the Shreveport Bridge Com.
pany, and to authorize the company te
issue its bonds and to build a road tronl
| Eed river to and across Red Chute to rhp
| hllls, IN Bossier parish, and to collect tolls
thereon, and for other purposes.
SECTION /. Be it enacted by the Senate
| and House Of Representatives of the State
! OF Louisiana III General Assembly con
! vened, That Frank NJ. Smith, A. II. Leon
ard, &. ?. O'key, Charles w Heating, S.
Peters, George w. billiard, NJ. H. CroweN,
". A. Walsh, ID. d. Smith, S. NJ. Thomas,
| and their successors and assigns, and such
other persons as they may hereafter asso-
cate with themselves, be and are hereby
constituted body corporate and polite. to
acbln 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.
rights or credits, rs an individual can do.
and to sue and be sued, and 20 do all things
an incorporation can do: that service If
citation OF other legal process shall be
made or the president Of the company, or,
IN the absence OF the PRESIDENT on the see
rotary thereof; that the domiciIe OF Shjs
company is fixed in the city Of ShreyeDort,
i'll the parish of CaddO. in the State of
Louisiana. This company shall have a seal.
ana may change or alter the same at pleas
uFe.
SEC. . Be it further enacted etc, That
the name and style Of this cOrporatjan
SHAH be THE Shreveport Bridge Com
pany" and the capital stock Of this com
pany shall be five hundred thousand dol
'aTs. to be divided into shares of one hun
dred dollars each, making five tbo1lgand
shares. 1t shall be competent for the
stockholders of this company to fix the
amount Of the capital stock from tune tn
time, as in their judgment they NAV deem
best, not to exceed one million dollars.
SEC. ). Be it further enacted, etc. That
TINS company shall have the exclusive
right to build, equip and maintain a bridge
across the bed river, to terminate on the
east bank OF Red river, opposite the city cf
Shreveport, Tor the purpose of PASSING
VEHICLES OF all kinds, animals. produce OF
all kinds, merchandise and foot passaDg gers
ana Tor ali purposes bridge may be used
for and no other bridge shall he huilt
across said river within a distance Of five
miles III either direction for the period OF
thirty years, reserving the right to any
railroad company to build bridges within
SAID limits solely for railroad purposes. but !
IN no way to be u8ed1Ur amy OF the DurD0aas |
above stipulated, except as belonging to |
the actual business and operating OF the |
railroad; and that same company sIraU |
nave the night TO charge such tolls thereon |
as may be liked by the board of directors |
OF sad company, and shall have the right |
to police such bridge, so that no one or
thing shall be allowed to pass over the
Same except in accordance to the reguIa-
lions made by the directors.
SEC. q. BE 1t further enacted, etc. That |
he affairs Of the company shall be con.
iucted by board Of directors, the first
BOARD OF directors to consist Of the iHcoT.
1orators named in the first section of this !
tct; In the event of the death of any such |
neorporators the balance shall compose
he board OF directors until the end Of the !
ERIN; and IN the event Of any Of such IN
perpetrators transferring their entire inter
st IN this company during their term of
erVlce they shall cease to act as directors |
Turing the residUes OF the term, and their
'lace shall be filed by the selection of
One other stockholders by the other d.
ectoTs. This board Of directors shalt hold
flee for two years from the first Monday
# July, 1872. Thereafter the board of ii.
ectors OF this company shall consist of
we stockholders who hold at least twenty
hares OF stock, to be elected by the stock.
olders on the first Monday Of july, 1874. |
nd every two years thereafter; that no |
Cochholder shall vote ab any such election
Mess the'stock on which he claims to vote
as been owned by him at least three
lbIJHS gS30I6 the eiCCbOn, dS SHOWN by the |
took book of the company; that each
tockhoider shall have one vote for each |
hare OF stock be may own; tba5 any .
5ockholder may vote by proxy for
lFectOrs. and that a majority OF votes cas-,
hail elect that it shall be the duty OF the
irect0rs to advertise the election for direc- :
lr6 III at least one newspaper in the parish ,
I the domIcle OF said company, for thirty ;
avs before the election, and to appoint ,
lTee stockholders commissioners t. hold | .
&c election; failure to hold the election, |
: herein fixed, shall not operate diss0tu- |
on of this corporation. but the old board ! :
directors shall hold over until the next 3
'guiar election. 4 majority Of the board
Iectors shall constitute q quorum fog al! ;
lslness. ANY vacancy occurring in the ! j
BARD ct directors Except in the frat e
3ardJ shall be filed by the remaining ! !
lectors for that term; any director. after /.
: election, disp06ing "f his stock 20 SIS 20 Z
I'D less than twenty shares, shall from | .
at time cease to be q director. ana his . 9
ace shall be filed as above. A
SEC. D. BE 10 further enacted, etc, Fha. 4
6 trsf board of directors Hf said com a
ny. shall organize On or before the frs, 9
onday Of July, 1872. and all subsequent +:
ards, within ten days after their election.
electlng one OF their members president, il
ID elechng secretary When it becomes c
cessary the board Of directors may elect q
treasurer and engineer or any other Off o
rs they may designate. All such officers | b
all be removable by the board of diree- Il
re, except the president. The board of g.
,ectors shall have the right to Ax the | q
s&Ty at Aha HFaaS5ent and ARn -aIrsz-S m