The weekly Iberian. (New Iberia, La.) 1894-1946, 1903-12-12
Article. 5
Article. 5
The said company is empowered and
authorized:

authorized:
First-To construct. establish mr. n.r
chase ard thereafter to own. lease
maintain and use, suitable walls
piers. depots, stations and other work.
ana appurtenances connected with and
incloentai to said railway and its con
nect1ons, and to run and manage the
same as the Directors of said: company
may deem to be most expedien,
ticn.
second-To take, transport, carry
AMI convey persons and property upon
us said railway, by steam or other
power, and to receive for safe keeping
ano to store merchandise and property
IN IL YARDS and warehouses, and to re-
cefve for such transportation, safe
keeping or Storage such tolls and
charges as from time to time may be
established or authorized TO be estab-
ilshed by Directors Of said railroad
company.
Th1rd-To obtain and receive bv
purchase, grant, gift and bequest, both
real and personal property, and for the
purchase OF lands to issue stock certifi
Gates in payment therefor, at such
valuation as may be agreed On by the
Directors OF said company and the
owners of said land.
Fourth-To obtain, by grant or other
wise from any parish, city or village,
within the State, any rights, privileges
or franchises that any of said parishes
cities, or villages may choose to grant,
IN reference to the construction or
maintenance, management and use of
the railroad, its depots, cars, locomo-
tives, and its business within the
limits OF such or any of said parishes,
cities and villages,
Fifth-To appropriate property ac-
cording to existing laws.
Sixth-To purchase or lease from
any railroad company or corporation,
at any authorized sale, any railroad
and the charter, franchises, property
and appurtenances thereof, and main
tain and use the same as part of the
property of this company.
Seventh-To borrow mouey or to
purchase or lease property on it's own
credit Tor the purpose of constructing
and maintaing said railroad, and as
evidence Of the Indebtedness of said
company for such loans or the pur-
chase or lease ofsaid property, to issue
Its corporate bonds or promissory
notes, bearing interest at such rate per
annum as the Directors may elect and
made payable IN gold or United States
at such times and places as
as may be deemed most to the advan-
tage of the corporations, and for Sc
curing the payments of said bonds or
notes, to mortgage and pledge its rail-
roads, its capital stock, its corporate
and any of its real aud per-
sonal property, or any portion OF the
same.
Articles.
The corporate powers shall be vested in a
y shall be eligible to office. Directors shall
be elected by the stockholders on the LIST
Monday OF October Of each year at II M. The
pany to hold their office until the first Mon
lay OF october, 1904. In case of no election
IN the day named, the said Directors shall
elected and enter upon the discharge of their
iuties. The Directors shall elect from
among their number q President. Vice-Pres-
lent, Secretary and Treasurer, whose duties
hall be set forth in the bylaws of the com
,any. All meetings of stockholders for cleo
ions shall be held 1T The office Of the com
,any; all othe meetings OF the stockholders
hall be held In the same place unless speci-
llly otherwise ordered by the Directors, in
which case due nolice shall be gwen In all
meetings Of the stockholders each share
hall be entitled to one vote; absenteeS may
'ote by Proxy, and the majority of votes
'ast shall govern. TO constitute a quorum
t meetings OF the stakeholder: ajority of
he shares shall be represented.
The treasurer before entering on the duties
y his office shall give bond In such sum as
he Directors may fix from time to time for
he faithful performance OF his duties, which
hal! be made payable to the President tor
he benefit Of the corporation. This bond
must be approved by the Board of Direct
The Board shall have power and authority
o appoint such other oficers, agents and
Jerks as 1t may deem proper. they may be
'arsons who are not Stockholders 1t may
make such bylaws rules and regulations AS
nent OF the business OF the corporation and
4 its affairs which it may amend from time
o time.
eight Members of the Board shall constitute
d to fill no all vacancies on the Board and :
Ill others. The following named persons
hall constitute the first Board OF Directors,
o-wit:
James A Lee, Walter Burke, $
niles Dreyfus. Lazard Killing, Paul suber
ielle. r s Mcmahon, John Emmer, Albert
J S..ia T Se6sr sSa
8 soon as possible. elect their officers and
ransact such business as they shall see
roper.
Article7.
The Directors shall call meetings of the |
whenever required to by hold $
rs Of one hundred shares OF capitl stock stat | ,
ng the object 10 writing and at such other
lines as they may choose.
Article s.
No stakeholder shall be held liable for any
OF the corporation beyond the
mount of his stock remaining unpaid: Nor
hall any mere informally in organization
ave the effect of annulling this charter or
exposing a stakeholder to any liability be- |
ond that unpaid balance OF stock. Ii
Article 9.
This corporation may be dissolved and this
harter added to, changed. altered or amend q
d vt general meeting of the stockholders !
allied for that putpose by an affirmative
ote of three-fourths of the stock represent |
d at the meeting. as is provided for by the :
ection 687 of the Revised statutes of LOUISE
ma and by law. In case OF voluntary disso-
utiOn the liquidation shall.be conducted by
hree commissioners to be elected at said
9 called for that purpose.
Article 10.
Every person who signs these subscription
ooks or lists OF the corporation and writes
Is name ond complies with such other con-
itiOns IS the Directors NAV provide for 3
hall be share holder entitled to all the
lghts and privileges OF same
thus done and passed at my Office in the
ity OF New Iberia, Parish OF Iberia Louis
ina, on the the day, month and year first
bove written In the presence OF Il Z Del &
ommer and Victor Erath. Jr.. competent
illnesses who have signed these presents \