The weekly Iberian. (New Iberia, La.) 1894-1946, 1903-10-31
Article 5.

| iHe SUI company is empowered and
authoriz ed:
| First To construct, establish or pur-
chase aid thereafter to own, lease,
maintain and use, suitable walls,
piers, depots, stations and other works
and app irtenances connected with and
Incident Al to said railway and its con
| nections, and to run and manage the
same as he Directors of said ompany
may deem to be most expedient
and for the welfare of said corpora
| ii n
Secor do take, transport, carry
ana convey persons and property upon
It's said railway, by steam or other
power, and TO receive for safe keeping
ana TO store merchandise and property
IN 1t yards and warehouses, and to re-
eelve 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 certifi-
Gates in payment therefor, at such
valuation as NAV 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 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
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 money or to
purchase or lease property on its 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
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, it's 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 a
Board OF fifteen members Stockholders on,
be elected by the stockholders on the 1st
Monday Of October OF each year at IL nj. The
first Boark OF directors organizing the COM
pany toh hold their Office until the 6rst Mon
day 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
duties. The Directors shall elect from
among their II lumber u President. Vice Pres
dent, Secretary and Treasurer, whose duties
shall be set forth In tn. bylaws OF the com
pany. All meetings of stockholders for cleo
tions shall be held at The Office OF the com
pany; all otbe meetings OF the stockholders
shall be held In the same place unless speci-
which case due nolice shall be given. In all
meetings Of the stockholders each share
shall be entitled to one vote; absentees may
vote by ptoxy, and the majority OF votes
cast shall govern. TO constitute "a quorum
at meetings of the stOckholder: a ma jOrity OF
the shares shall be represented.
THE treasurer before entering on the duties
Of his Office shall give bond In such sum as
the Directors may fix from time to time for
the faithful performance OF his duties which
shall be made payable TO the President Tor
must be approved by the Board OF Direct
Ors.
The Board shall have power and authority
10 appoint such other officers. agents and
clerks as 1t may deem proper; they may be
persons who are not Stockholders. 1t may
make such bylaws. rules and regulations AS
itmay consider necessary for the manage
meDt OF the business Of the corporation and
Of its affairs whirb IL may amend from time
to time.
Eight Members of the Board shall constitute
n quorum The Directors chosen are empower
ed to fill no all vacancies on the Board and
all others. The following named persons
shall constitute the first Board OF Directors,
to-wft:
Felix Patout George w Dallas. Charles
Gougenheiu, James A Lee, Walter J Burke,
Jules preyfMNs Lazard king par iSert
Estorge. John A Gebert, I Weeks, g Q
Laughlin. Alexis VOORHEES,. who shall meet
as soon as possible. elect their officers ana
proper.
ArticleT.
The Directors shall call meetings Of the
stockholders whenever required TO by hold
ers OF one hundred shares OF capiti stock stat
ing the object in writing and at such other
times as they may choose
Article 8.
No stakeholder shall be held liable for any
Indebtedness OF the corporation beyond the
amount OF his stock remaining unpaid. NOR
shall any mere informally in organization
have the effect OF annuiiing this chartel' or
OF ex posing a stakeholder to any liability be-
yond thar unpaid balance OF stock.
Article 8.
This corporation may be dissolved and this
charter added to- changed. altered or amend
ed ut n general meeting OF the stockholders
called for that putpose by an Affirmative
vote OF three-fourths of the stock represent
ed ut the meeting, as is provided for by the
section Gs7 OF the Revised statutes OF Louisi-
ana and by law In case of voluntary dissO-
| tuition the iquidation shall'be conducted oy
| three commissioners to be elected at said
meeting of stockholders or at meeting TO
| be called for that purpose.
Article 10.
| Every person who signs these subscription
books or lists of the corporation and writes
| the number of shares subscribed Tor opposite
his name ond complies with sach otnef con- ,n-
ditions rs the Directors may ProVlde LOT
shall be a share holder entitled to all the
rights and privileges OF same
| thus done and passed at my ONCE In the
| CIV Of New iberia, Parish Of iberia. Louis
1 yaua on the the day. month ana year nrst
| above written Ia the presence OF = Del
| ho,umer and Victor Eratb. Jr.. competent
i 1p ha VIC GiUna6 these presents