The weekly Iberian. (New Iberia, La.) 1894-1946, 1903-12-05
Article. 3

The said company is empow cred and
authorized:
First-To construct rabiisf. or par
chase AID the eater 10 owu, lease,
maintain and use suitable walls,
piers, depots, stations ana 9th ar works
and aDpurfenaLces Connected With and
| Incidental to So ! railway and its con
| nectjons, and TO run nd manage the
same as the Directors Of said: ompany
! may deem to be most expedient
and for the welfare OF said corpora
| ii n.
Second To take, transport, carry
AMI convey persons and property upon
its said railway, by steam or other
power, and to receive for safe keeping
and to store merchandise and property
in it yards and warehouses, and to re-
ceive for such transportation, safe
keeping or Storage such tolls and
charges as from time to time may be
established or authorized TO be estab-
lished by Directors of said railroad
company.
Third-To obtain and receive by
purchase, grant, gift and bequest, both
real and personal property, and for the
purchase of lands to issue stock certiti-
Gates in payment therefor, at such
valuation as NAV be agreed III 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 obstruction or :
maintenance, management and use Of
the railroad, it's depots. cars. locomo
tives, and it's 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
md the charter, franchises, property
and appurtenances thereof, and main
ain and use the same as part of the
property of this company. |,
Seventh-To borrow money or to
or lease property on its owD ,
redit for the purpose of constructing e
md maintaing said railroad, and as I
of the Indebtedness of said
ompauy for such loans or the pur-
base or lease ofsaid property, to issue /,
IS corporate bonds or promissory {
otes, bearing interest at such rate per I
mum as the Directors may elect and I
1ade payable IN gold or United States O
at such times and places as d
$ may be deemed most to the advan- O
age of the corporations, and for Sc {
nring the payments Of said bonds or
otes, to mortgage and pledge it's rail-
Dads, its capital stock, its corporate
and any Of its real aud per- @
'nal property, or any portion OF the q
lme.
APticleG.
The corporate powers shall be vested In q .
oard of ifteen members. stockholders on
shall be eligible to OH Q. Directors shall y
elected by the stockholders on the LIST
onday Of October Of each year at II N. The
st Boark OF llrectorss rganizing the COM
my to hold their Office until the 6rst Mon
" OF october, 1904. In case OF no election Va
the day named, the said Directors shall d
ntinue In Office until their successors are r
eoteq and enter upon the discharge OK their n
lties. The Directors shall elect from
nopg their nnAber President. Vice. Pres D,
mt, Secretary and Treasurer, whose duties al
all be set forth in the bylaws OF the COM =
my, All meetings of stockholders for elcc- &c
)ns shall be beld at he Office Of the COM =,
my al uths meetings Of the stockholders az
~ Otherwise ordered by the Directors, in &c
lieh case due pO3ice shall be given. In all
eettngs OF the stockholders each share
an pc entitled TO one vote: absentees may