The weekly Iberian. (New Iberia, La.) 1894-1946, 1903-11-28
Article. )

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The said company is empowered ano
authorized:
First-To construct, establish or our
chase ard thereafter to own, case
maintain and use, suitable walls
piers, depots, stations and other works
and appurtenances connected with and
incidental to said railway and its con
nections, and to run and manage the
same as the Directors of sal: Z ompany
may deem to be most expedien,
and for the welfare OF said corpora.
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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 certifi j.
Gates in payment therefor, at such
valuation assmav 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.
ifth-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 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-
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-
'oads, its capital stock, it's corporate |
and any of its real aud per-
jonal property, or any portion OF the
same.
Article 6.
The corporate powers shall be vested in a |
}Oard OF fifteen members. stockholders on |
y shall be eligible to office. Directors shall |
,e elected by the stockholders on the LIST |
londay OF October OF each year at II Nj. The |
irst Boark OF rssorganizing the COM
,any to hold their Office until the first Mon
lay Of October. 1904. IN case of no election |
m the day named, the said Directors shall |
continue in Office until their successors are
elected and enter upon the discharge Of their
luties. The Directors shall elect from
!mong their number President. Vice Pres
lent, Secretary and Treasurer, whose duties
hall be set forth ia tn. bylaws OF the COM
,any. All meetings OF stockholders fo- cleo
ions shall be held at The Office OF rhe COM
haal he held in the same place unless speci-
lily otherwise ordered by the Directors, in
which Case due noaice shall be given. la 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
It meetings of the stakeholder: majority of
he shares shall be represented.
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" his Office shall give bond In such sum as
he Directors may Fl from time to time for /
he faithful performance OF his duties, which
nall De made payable to the President Tor
he benefit OF the corporation. This bond
must be approved by the Board OF Direct
,rs.
The Hoard shall have power and authority
o appoint such other officers agents and
Jerks ns as I may deem Zee pr9psr they may be
make such bylaws rules and regulations as
tmay consider necessary for the manage
nent of the business OF the corporation and
II its affairs which 1T may amend from time
o time.
eight Members of the Board shall constitute
quorum.The Directors chosen are empower
d TO ill uD all vacancies on the Board and
hall constitute the first Board Of Directors,
o-wit:
Felix Patout. George W Dallas. Charles
James A Lee, Walter J Burke,
niles Dreyfns. Lazard King; ) Paul sqber-
'storge. John A Gebert, E I Weeks, g Q
aughlin. Alexis VOORHEES,. who shall meet
S 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 ia writing and at such other
lines as they may choose.
Article 8.
No stakeholder shall be held liable for any
OF the corporation beyond the
mount OF his stock remaining unpaid. Nor
Of HIS II
I 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 OF amend
d at a general meeting of the stockholders
allied for that purpose by an affirmative
ote OF three-fourths OF the stock represent
d at the meeting, as is provided for by the
ection 6ss OF the Revised statutes Of LOUISE
ma and by law. La case OF voluntary disso-
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 com plies with such other con-
itions as the Directors NAV provide for
hall be a share holder entitled to all the
lights and privileges of same
thus done aud passed at my office In the
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