The weekly Iberian. (New Iberia, La.) 1894-1946, 1906-04-21

OF said bonds or notes to mortgage an
pledge its railroad, capital stock, cor
pany buildings, corporate franchise
ana immunties, rea | or persona
property, or any portion of the same
to lease or sell its lines Of railway i
"hoie or IN part to other companies
to lease other railways either With
or without the state of Louisiana: +
purchase or consolidate with othe
railway companies organized unde
the laws Of Louisiana or Of any othe
state OF the Union, and to acquire an,
iiold the stocks, bonds and securities
or such other railway corporations; te
guarantee h Q stocks. bonds an,
securities of such other railway CO.
poratior as this corporation NAV be i,
terested in +; to construct and maintai,
passenger depots, freight yards ant
warehouses and to permit the use O
such depots as union depots; to cor
struct or otherwise acquire and opeI
ate steam ships and other vessles fo,
the carriage of freight and passengers
Tor hire; 10 construct own and operate
DOCKS and warves for the landing o1
vessles and for the securing Of storing
and forwarding of freight and accomo
dation of passengers to establish and
operate telegraph amp telephone
iines to construct. or other
wise acquire, maintain and oper
ate canals for navigation and acquire
and hold stocks, bonds or other seen
rites Of other corporations owning
and operating such canals; and gener
ally to hold and exercise all such IN
cldental powers and privileges as re
late to the objects herein set forth.
ARTICLE Nv.
The capital stock Of this corporation
is hereby declared to be the sum of
one million dollars (sl 900, 900. OO) di
vided into and represented by ten
thousand shares of the par value of
one hundred ($lOOO0) dollars each;
which stock shall be paid for in cash,
or on such installments and after such
notices as the board of directors may
1x, or may be issued in payment of
labor or services rendered or property
actually received by the said corpora
lion.
In case Of the failure of any subscriber
% pay the installments demanded on
his stock, as required, the board of di
'ectors shall have the option after
thirty 500 DAYS written notice to the
delinquent. Of forfeiting his stock
With all amounts previously paid
hereon, and no stockho.dera. shall
nave the right to vote while in default
or unpaid installments due on his
took
This co operation pay begin it's bust,
less and opsry5s6ns as spon as five
housaad ss;6oo) dollars u its capital
toeLsnall be subscribsfand paid for.
All shares of stsck shall be fully
aid and non ,asdessal,le and transfers
f stocksS6all not be binding upon
aid<ohpany unless recorded upon its
ooks or upon the books of transfer a.
ents hereinafter provided for
No stockholder shall be4<held liable
r responsible for the contracts or
sults of said corpop6tion in any fsr-
her sum than ~aAe unpaid balanceadue
n'aharessof stock owned by him NOR
hall any mere informality ip organi-
alton have the effect Of rendering
his charter null or. sof exposing
tockholder to anyafiablility beyond
ne amount ,N2his stock.
The Subscription and stock books
hall be kept at the domicile and in
ne Office of the company where GER
ficates of stock shall be issued to the
lbscribers and no transfer Of stock
nall be r, cognized as valid and bind
,g until the same is made upon the
ock books of the company.
Stockbooks shall be closed for the
'apsfer Of stock ten (lO) days before
lection.
All subscribers to stock and all who
cquire stock by purchase or other
ise shall be deemed members of this
ct ofincorporation.
ARTICLE v.
The corporate powers OF said corpor.
ion shall be vested in and ex :rcised.
nd the business and affairs Of this
shall be managed and con-
lcted by board of directors COM
osed of5) Five stockholders.
Said directors shall be elected an
ually on Thursday after the first
'ednesday in February Of each year,
such other day as the stockholders
a regular or at any special meeting
ay fix. and all such elections shall
: by ballot.
Of each election en(l0) days prior
,tice shall be given in a newspaper
in the City Of New Iberia
Id the directors thus elected shall
rye until their SUCCESSORS shall have
zen elected
A majority of the votes cast shall
ect, and each share of stock shall be
Titled to one vote, either ia person