The weekly Iberian. (New Iberia, La.) 1894-1946, 1904-01-09
Article. S
Article. s
The said company is empowered and
authorized:

chase and thereafter to own, leas,
maintain and use, suitable WALL
piers, depots, stations and other work
and appurtenances connected with an
incidental to said railway and its cor
nections, and to run and manage tn
same as the Directors of said. compan
may deem to be most expedien
and for the welfare OF said corpora
tion.
Second-To take, transport, carr
and convey persons and property upo
it's said railway, by steam or othe
power, and to receive for safe keepini
and to store merchandise and propert.
in it yards and warehouses, and to re
ceive for such transportation, SAT
keeping or storage such tolls an
charges as from time to time may b.
established or authorized to be estab
lished by Directors of said railroad
company.
Third-To obtain and receive by
purchase, grant, gift and bequest, botf
real and personal property, and for the
purchase of lands to issue stock certifi
Gates in payment therefor, at such
valuation as may 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. 1ocomo-
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 part of the
property 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
company for such loans or the pur-
chase or lease ofsaid property, to issue
it's 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 its real aud per-
'onal property, Or any portion OF the
same.
Article 6.
The corporate powers shall be vested In
shall be eligible to Office. pirectors shall
,e elected by the stockholders on the 1st
Monday OF October of each year at 12 NJ The
irst Boark Of ectorssorganizing the COM
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
luties. The Directors shall elect from |
.mong their number President. Vice Pres
lent, Secretary and Treasurer, whose duties |
hall be set forth In tn. bylaws OF the COM
ions shall be held 1T 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
which case due nO9ice shall be gwen. In all
meetings of the stockholders each share
hall be entitled to one vote; absenteeS may
, ss. p 6 y ptoxy, and the majority Of votes
t meetings of the stakeholder: majority of
he shares shall be represented.
The treasurer before entering on the duties
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
be 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 Offcers, agents and
Jerks as 1t may deem proper. they may be
ersons who are not stockholders ltmxy
1ake such bylaws, rules and regulations as
lent of the business OF the corporation and
Its affairs which it may amend from time
o time.
light Members OF the Board shall constitute
quorum. The Directors chosen are empower
ii others. The following named persons
hall constitute the first Board of Directors,
)-wit:
Felix Patout. George W Dallas. Charles
James Lee, Walter Burke,
ielle. r 9 Mcmahon, John Emmer, Albert
storge. John A Gebert, e Weeks, G @
aughlin, Alexis VcOrhies. who shall meet
) SOOu rs pOSSiDIc. clecC bl0lr OmcerS ana
'ansact such business As they shall see
roper.
Article7.
The Directors shall call meetings of the
whenever required to by hold
IS of one hundred shares of capitl stock stat
lg the object in writing and at such other
mes as they may choose.
Article 8.
No stakeholder shall be held liable for any
of the corporation beyond the
mount Of his stock emaining unpaid. Nor
lall any mere informality in organization
ave the erect OF annnlling this charter, or
exposing stakeholder to any liability be-
Ond that unpaid balance OF stock.
Article 8.
This corporation may be dissolved and this
larter added to. changed. altered or amend
At u general meeting of the stockholders
llled for that putpOse by an affirmative
Dte OF three-fourths of the stock represent
At the 81 meeting; as Is provided for by the
AZ and by law. In case OF voluntary disso-
lti0n the liquidation shall.be conducted by
Tree commissioners to be elected at said
eeting OF stockholders, or At meeting to
Article 10.
Every person who signs these subscription
ooks or lists OF the corporation and writes
Is name Ond complies with such other con-
ttons rs the Directors NAV provide for
lall be y share holder entitled to all the
ghts and privileges of same
thus done and passed at my Office In the
ty of New iberia, Parish of iberia. LOUIS
ma, on the the day, month and year first
,ove written In the presence Of Il Dell
,mmer and Victor Erath. Jr. competent