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


ty, being capiti'ized a. five hun
bred Thousand dollars
Among it's stockholders we note
the famialiar names Of some Of
New Iberia's first and foremost
progressive, wide-awake and ener-
&c ic ci izsn namely.
Jules Drevfus. George w Dallas.
Lazard King. Felix Patout, Henry l.
Smith, ET Weeks. J z Suberbielie.
Charles Gougenheim. g G Laughlin,
James A Lee. Porteus r burke, John A
Gebert, Walter j burke. James Gebert.
Albert G Emmer. George Henderson,
Jules j. Dupuy. William T Weeks, r 5
Mcmahon, John r Taylor, George NJ
Robertson, Rudolph P Ribbeck, E F
Willard, L Octave Hacker, John
Broussard, Achille J Mamus, and j
Gabriel LeBlanc,
With these gentlemen compris-
ing the first Board Of Directors
Felix Patout, George Dallas,
Charles Gougenheim, James A.
Lee, Walter J. Burke, Jules Drey-
fus, Lazard King, Paul Suberbie-
lie, X. S. Mcmahon, John Emmer,
Albert Estorge, John Gebert, E.
T. Weeks, Clifford Laughlin, and
last but not least ALEXIS VOORHEES,
The objects of the new Compa
n.y. AS is best told ia the follow
ing extracts from the act Of incor-
poratioHs are declared to be:
The objects and purposes Of this cor.
poration are the location, construction
building, operating and maintenance
of railroad Of such gauge as may be
determined by the board of Directors,
with all its appurterances, from some
point on the bayou Teche at or near
the town of New IBERIA, thence run
ming In a northeriy or north westerly
direction to point at or near the town
OF Natchitoches, or to some intermed!-
ate point where connections can behad
with r X trunk line giving Northern
and Western connections h e
board Of Directors may hereafter de-
termine; to own. manage and use said
road and its appurtenances with such
double tracks, switches and branches
as may be deemed necessary, at any
time to construct; to make such con-
nectiOns and business combinations
with other lines of transportation
whether BY land or vate1, as the Di-
rectors may enter into: to take. to
transport. carry. convey persons and
property at such rates, subject to such
rules and regulations as the directors
may establish from time TO time To
secure the carrying out Of their objects
and purposes, the corporation is vested
with the rights, privileges and fran
chises provided by Law, and the power
to do all things necessary In the pre-
misses.
The Company is authorized and
empowered to:
First-To construct, establish or par-
chase and thereafter to own, lease,
maintain and use. suitable walls,
piers, depots, stations and other works
and appurteDancesc connected with and
incidental to said railway and it's con-
nections, ard to run and manage the
same as the Directors Of said company
may deem to be most expedient
and for the welfare OF said corpora
ticn.
SecOnd-To take, transport, carry
and convey persons and property upon
its said railway. by steam or other
power, and 10 receive for safe keeping
and to store merchandise and property
in 1t 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
Third-To obtain and receive by
purchase, grant, gift and hequest, both
real and personal property. aud for the
purchase Of lands to ISSUE stock cartifi.
Gates in payment therefor, at such
valuation as NAV be agreed IN bv 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
management and use of
the railroad, its depofs. cars. iocomo-
lives, and its business within the
limits of such or any of said parishes,
cities and villages.
Fifth-To appropriate property ac-
sording to existing laws.
Sixth-To purchase or lease from
my railroad company or corporation, |
It any authorized sale. any railroad |
md the charter, franchises, property |
ind appurtenances thereof, and main
ain and use the same as part Of the |
of this company.
Seventh-To borrow money or to
or lease property on its own
redit for the purpose Of constructing
nd maintaining said railroad, aud as
whence Of the Indebtedness Of said
empany for such loans OF the pur-
base or lease ofsaid property, to issue
s corporate bonds or promissory
otes, bearing interest at such rate per
mum AZ the Directors NAV elect and
lade payable IN gold or United Stat.
at such times and places Rs
; may be deemed most to the advan-
lge Of the corporations. and for Sc.
ring the uRymenfG If said honda or