The weekly Iberian. (New Iberia, La.) 1894-1946, 1903-11-14
Article. )
The said company is empowered and
authorizad.

anu dppuftenanceS connected with an
incidental to said railway and its cor
nect1ons, and to run and manage tn
same as the Directors Of aidscomr n
may deem to be N, st exped1en
and Tor the welfare OF said cornora
tim.
Second-To take, transport, carr,
ana convey persons and property upo,
It's said railway, by Steam or othe
power, and to receive for safe keepin,
ana to store merchandise and propert,
IN 1T yards and warehouses, and to re
ceiVe for such transportation. SAT-
keeping or storage such tolls ant
charges as from time to time NAV b,
established or authorized TO be estab
nshed by Directors of said railroad
company.
Th1rd-To obtain and receive b,
purchase, grant, gift and bequest, botl
real and personal property, and for ths
| purchase OF lands to issue stock certifi
Gates IN payment therefor, at suct
valuation as may be agreed Oh by the
Directors Of said company and the
owners of said land.
tourth-To obtain, by grant or othe,
wise from any parish, city or village
within the State, any rights. privileges
or franchises that any of said parishes
cit1es, or villages may choose to grant,
IN reference to the construction OF
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.
th-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
tam and use the same as part of the
property of this company.
Seventh-To borrow money or to
purchase or lease property on its own
credit Tor the purpose of constructing
and malntaing said railroad, and as
evidence of the Indebtedness of said
company for such loans or the pur-
chase or lease ofsaid property, to issue
It's 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
currency, 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
franchises, and any of its real aud per-
sonal property, or any portion OF the
same.
Article 6.
The corporate powers shall be vested in
Board OF fifteen members. stockholders on
~ shall be eligible to office. Directors shall
be elected by the stockholders on the 1st
Monday of October of each year at IL nj. The
first BOark of Directors sOrganizng the COM
pany to hold their Office until the first Mon
lay OF october, 1904. IN case of no election
On the day named, the said Directors shall
continue in Office until their successors are
elected and enter upon the discharge of their
iuties. The Directors shall elect from
among their number President. Vice. Pres
lent, Secretary and Treasurer. whose duties
shall be set forth in tn. bylaws of the com
DaEy. All meetings of stockholders for cleo |
lions shall be held at he office of the com
)any; all othe meetings of the stockholders !
shall be held In the same place unless speci- |
lilly otherwise ordered by the Directors, In |
which case due nolice shall be gwen. In all |
meetings OF the stockholders each share |
shall be entitled to one vote; absentees may |
vote by ptoxy, and the majority of votes
1t meetings of the stakeholder: a jority of
he shares shall be represented.
The treasurer before entering On the duties |
If 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 |
hall be made payable to the President for
he benefit of the corporation. This bond |
must be approved by the Board of Direct
RS.
o appoint such other officers, agents and
Jerks as 1t may deem proper. they may be
PERSONS who are not stockholders. 1t may
make such bylaws, rules and regulations as
tmay consider necessary for the manage {
nent of the business of the corporation and
# its affairs which it may amend from time
o time.
eight Members Of the Board shall constitute
d to Il ii uU 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 J Burke,
niles Dreyfus. Lazard King. Paul suber-
ielle, r S Mcmahon, John Emmer. Albert
5storge. John A Gebert, 7 Weeks, @
.aughliu. Alexis VOORHEES,. who shall meet
s soon as possible. elect their officers and
such business they shall see
roper.
Article7
The Directors shall call meetings Of the
ockholders whenever required to by hold
RS Of one hundred shares of capitl stock stat
ng the object in 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
of his stock remaining unpaid. Nor
hall any mere informality in organization
ave the effect of annulling this charter. or |
f exposing a stakeholder to any liability be-
ond that unpaid balance Of stock
Article 9.
This corporation may be dissolved and this
harter added to. changed. altered or amend
d at a 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 681 of the Revised statutes OF Louisi-
ma and by law In case of voluntary diSsO-
ution the liquidation shall,be conducted by /
hree commissioners to be elected at said
meeting of stockholders, or at a meeting to |
e called for that purpose.
Article 10.
Every person who signs these subscription
oOks or lists OF the corporation and writes
he number of shares subscribed for opposite
is name ond complies with such other con-
hall be share holder entitled to all the
lights and privileges of same
thus done and passed at my Office In the
ity OF New iberia, Parish OF Iberia. LOUIS
ana, on the the day, month and year first
asd Hcso os G
illnesses who have signed these presents
1ith said appearers and me- Notary. after
ue reading:
@ Clifford Laughlin,
Jules Dreyfus,
James Gebert,