The weekly Iberian. (New Iberia, La.) 1894-1946, 1903-12-19
Article. 3
The said company is empowered and
outhnvizad.


chase aud thereafter to own, lease
maintain and use, suitable walls
piers, depots, stations and other works
and appnrtenances connected with ant
incidental to said railway and it's con
nections, and to run and manage tn,
same as the Directors of saids 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 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 10 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 III 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 &C
cording 10 existing laws.
Sixth--To purchase or lease from
any railroad company or corporation,
mt any auth rized 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 taid 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, its corporate
and any of it's real aud per-
5onal property, or any portion OF the |
same.
Article6.
The corporate powers shall be vested In a |
Board of fifteen members. stockholders on |
" shall be eligible to Office. Directors shall |
Do elected by the stockholders on the LIST |
Monday Of October OF each year at IL M. The |
irst Boark OF l'irectorss organizing the COM
Dany to hold their Office until the first Mon |
lay OF October, 1904. IN case OF no election |
IN 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 u President. Vice-Pres-
lent, Secretary and Treasurer whose duties
.hall be set forth In TIL. bylaws OF the COM
pany. ALI meetings of stockholders for cleo
lions shall be held at he office Of the com
pany; all othe meetings OF the stockholders
,hall be held In the same place unless speci-
ally otherwise ordered by the Directors, In
"
meetings of the stockholders each share
shall be entitled to one vote; absentees may
vote by .ptoxy, and the majority OF votes
,ast shaI govern. TO constitute quorum
At meetings OF the stakeholder: majority OF
Ihe 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
the benefit Of the corporation. This bond
must be approved by the Board OF Direct
Drs.
to appoint such other officers. agents and
clerks as 1t may deem proper. They may be
persons who are not stockholders. IL may
make such bylaws rules and regulations MS
ltmay consider necessary for the manage
ment OF the business of the corporation and
Of Its affairs which IL may amend from time
TO time.
Eight Members of the Board shall constitute
A quurum.The Directors chosen are empower
I'D to I'LL no all vacancies on the Board and
all others. The following named persons
shall constitute the first Board OF Directors,
bo-wit:
iougenheim. James A Lee, Walter J Burke,
Dnles preyfus. Lazard Killing, j Paul suber-
lielle. Mcmahon, John Emmer, Albert
Bstorye John Gebert 7 Weeks, Q
rs soon as possible. elect their officers and
.ransact such business as they shall see
proper.
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 In 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
hall any mere informality in. organization
rave the effect OF annulling this charter, or
II eS posing "a stakeholder to any liability be-
'ond that unpaid balance Of stock.
Article 9.
This corporation may be dissolved and this
'har' er added to, changed. altered or amend
I'd ut u general meeting of the stockholders
jailed for that putpose by an affirmative
vote OF threc-fourths of the stock represent
I'd at the meeting, as Is provided for by the
section 6s1 OF the Revised statutes OF Louisi-
ma aud by law. In case OF voluntary disco
ution the liquidation shali.be conducted by
.hree commissioners to be elected at said
meeting of stockholders, or at a meeting to
DO called for that purpose.
Article 10.
Every person who signs these subscription
books or lists OF the corporation and writes
he number OF shares subscribed for oppos,te
lis name ond complies with such other con-
iitions rs the Directors may provide for
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
above written 10 the presence of E Del
,ommer and Victor Erath. Jr.. competent
witnesses who have signed these presents
With said appearers and me, Notary, after
lue reading.
@ Clifford Laughlln,
Jules Dreyfus