The weekly Iberian. (New Iberia, La.) 1894-1946, 1903-11-07
Article. 5
authorized: = -


maintain and use, suitable we'll,
piers, depots, stations and other work
ana appurtenances connected with an,
incidental to said railway and it's CON
nectIons, and to rtn and manage an
same as the Directors of said.epmpan,
may deem to be most exredian
ana Tor the welfare OF said corpora
in.
Second-To take, transmit carr,
ana convey persons and property upo,
It's SAID railway, by steam or othe
power and to'receive for safe keepin,
ana 10 store merchandise and propert,
IN 1t yards and warehouses, and to re-
ceiVe Tor such transportation, SAFE
keeping or storage such tolls ant
charges as from time to time may BE-
established or authorized to be estab
ilshed by Directors of said railroad
company.
Third-To obtain and receive BY
purchase, grant, gift and bequest-bo
real and personal property, and for the
purchase of lands to issue stock certifi.
Gates in payment therefor, at such
valnation as may be agreed on bv the
Directors OF said company and the
owners Of said land.
Fonrth--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 appuvtenances thereof, and main
ta'n ana use the same as a 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 mairtaing 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 goldsor 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
fran chises. and any Of its real aud per
sonal property, or any portion OF the |
same,
Article6.
The corporate powers shall be vested IN |
Board OF fifteen members Stockholders on
y shall be eligible to Office. Directors shall |
De elected by the stockholders on the ist |
Monday OF October OF each year at l2 NJ. The |
irst Boark of directors organizing the COM
,,any TO hold their Office until the Hrst Mon
IN the day named, the said Directors shall |
continue In office until their successors are |
elected and enter upon the discharge of their
inties the Directors shall elect from
lent. Secretary and Treasurer. whose duties
hall be set forth In the bylaws OF the COM
AMY. 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
aeetings of the stockholders each share
hall be entitled to one vote; absentees may
ote BY by proxy: and the majority Of votes
ast shall govern; TO constitute quorum
he shares shall be represented.
The treasurer before entering On the du ties
I 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
hall be made payable to the President for
he benefit OF the corporation. This bond
aust be approved by the Board Of Direct
rs.
The Hoard shall have power and authority
o appoint such other officers, agents and
Jerks ms 1t may deem proper. they may be
ersons who are not stockholders. itmxy
iake such bylaws. rules and regulations ~
may consider necessary for the manage
rent Of the business of the corporation and
its affairs which IL may amend from time
D time.
light Members OF the Board shall constitute
q to fill uD all vacancies on the Board and ,
II others. The following named persons
iall constitute the first Board Of Directors,
,-wit: !,
Felix Patout George " Dallas. Charles
ougenhein, James A Lee, Walter J Burke, ,
nles Dreyfus. Lazard Killing, Paul suber-
ielle, X Mcmahon, John Emmer. Albert
storge. John Gebert, E Weeks. g
soon as possible. elect their officers and
'ansact such business as they shall see
roper. Ii
Article7. II
The Directors shall call meetings Of the |
whenever required to BY hold .
rs of one hundred shares of capitl stock. stat
" the object in writing and ut such other
mes as they may choose.
Article s. l.
No stakeholder shall be held liable for any
OF the corporation beyond the
mount OF his stock remaining unpaid. Nor
lall any mere infOrmality in organization
ave the effect OF annulling this charter. or
exposing a stakeholder to any liability be-
ond that unpaid balance Of stock. IL
Article 8. |,
This corporation may be dissolved and this
larter added to. changed, altered or amend ,
ut Il general meeting OF the stockholders ,
illed for that purpose by an affirmative
at the meeting, as Is provided for BY the :
,ction 6S1 OF the Revised statutes OF Louisi-
IA and by law. In case OF voluntary dlsso-
ltion the liquidation shall.be conducted by
lree commissioners to be elected at said
eeting OF stockholders, or at meeting 70
. called for that purpose.
Article 10.
Every person who signs these subscription
,oks or lists Of the corporation and writes
he number of shares subscribed for opposite
is name ond complies with such other con-
tiops rs the Directo may provide for ,
lall be share holder entitled to all the
ghts and privileges OF same
thus done aud passed at my once In the
ma, on the the day, month and year Mret
Dove written In the presence Of Il r Deli I
)nmer aud Victor Erath. Jr.. competent
illnesses who have signed these presentA 1