The weekly Iberian. (New Iberia, La.) 1894-1946, 1903-12-26
Article. 5

maintain and use, suitable walls
piers, depots, stations and other work
and appurtenances connected with AM
incidental to said railway and its con
nections, and to run and manage tn
same as the Directors of salt. oompan.
may deem to be most expedien
and for the welfare OF said corpora
ticn.
Second TO take, transport, carr
and convey persons and property upof
its said railway, by steam or otheI
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 anc
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 certif
Gates in payment therefor, at such
valuation as NAV be agreed IN 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 a part of the
of this company.
Seventh--To borrow money or to
purchase or lease property on its own
credit for the purpose of constructing
and maintaing said railroad, and as
evidence of the Indebtedness of said
for such loans or the pur-
,hase or lease ofsaid property, to issue
is corporate bonds or promissory
notes, bearing interest at such rate per
,nnum as the Directors may elect and
made payable in gold or United States
currency, at such times and places as
Is may be deemed most to the advan-
age of the corporations, and for Sc
'uring the payments of said bonds or
totes, to mortgage and pledge it's rail
Dads, it's capital stock, its corporate
and any of its real aud per-
onal property, or any portion OF the
anne.
Article @.
The corporate powers shall be vested In
'oard of fifteen members. stockholders on
y shall be eligible to Office. Directors shall
70 elected by the stockholders on the LIST
ionday of October OF each year at IL M. The
rst Boark OF MISUNDERSTANDING the COM
ANY to hold their Office until the first Mon
n the day named, the said Directors shall
ontinue In Office until their successors are
lected and enter upon the discharge OF their
uties. The Directors shall elect from
mong their number n President. Vice Pres |
ent, Secretary and Treasurer whose duties
hall be set forth In tn. bylaws OF the com |
ANY. All meetings OF stockholders for cleo
ions shall be held at The Office OF the com
amy; all othe meetings OF the stockholders
hall be held In the same place unless speci |
lily otherwise ordered by the Directors, In
Vhich case due nolce shall be given. In all
meetings OF the stockholders each share
hall be entitled to one vote; absentees may
ote by ptoxy, and the majority OF votes
asst shall govern TO constitute a quorum
t meetings of the stakeholder: majority Of
he shares shall be represented.
The treasurer before entering on the duties
4 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
ball be made payable to the President Tor
must be approved by the Board OF Direct
RS.
The Board shall have power and authority
o appoint such other officers. agents and
Jerks as 1t may deem proper. they may be
persons who are not Stockholders. may
make such bylaws. rules and regulations rs
tmay consider necessary for the manage
nent OF the business Of the corporation and
u It's affairs which 1t may amend from time
% time.
quorum.Th Directors chosen are empower
u to I'LL no all vacancies on the Board and
Ill others. The following named persons
ball constitute the first Board OF Directors,
o-wt:
Felix Patont, George w Dallas. Charles
James A Lee, Walter J Burke,
niles Dreyfus. Lazard Killing, J Paul suber-
ielle, Mcmahon, John Emmer, Albert
Istorge. John A Gebert, T Weeks, G O
Alexis VOORHEES,. who shall meet
$ soon as possible. elect their officers and
ransact such business as they shall see
roper.
ArticeT.
The Directors shall call meetings OF the
took holders whenever required to by hold
rs OF one hundred shares OF capitl stock. stat
ng the object Ia writing and at such other
lines as they may choose.
Article 8.
No stakeholder shall be held liable for any
.I.l,f nAr q a txx u
mount OF his stock remaining unpaid. Nor
hall any mere informally In organization |
ave the effect OF annulling this charter, or |
( exposing stakeholder TO any liability be- |
ond that unpaid balance OF stock.
Article 8.
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 6s7 OF the Revised statutes OF LOUISE |
ma aud 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 |
he number Of shares subscribed for opposite |
is name ond complies with such other con- |
itions as the Directors may provide for |
hall be "A share holder entitled to all the |
lights and privileges OF same
thus done and passed at my Office In the |
lily OF New iberia, Parish of iberia. LOUIS |
ana, on the the day, month and year first |
boee written In the presence OF Il r Del |
onmer and Victor Erath. Jr.. competent
illnesses who have signed these presents
'ith said appearers and me. Notary. after
ne reading:
q Clifford Laughlin.