The weekly Iberian. (New Iberia, La.) 1894-1946, 1906-04-28

OF said bonds or notes to mortgage an
pledge its railroad, capital stock, cor
pany buildings, corporate franchise
and immunities, rea | or persona
property. or any portion OF the same
to lease or sell its lines Of railway i
whole or in part to other companies
to lease other railways either With
or without the state of Louisiana; I
purchase or consolidate with othe
railway companies organized undc
the laws of Louisiana or OF any othe
state OF the Union, and to acquire an
hold the stocks. bonds and securitie.
OF such other railway corporations: tt
guarantee he stocks. bonds an,
securities of such other railway co
poration as this corporation may be il
terestcd in to construct and maintai
passenger depots, freight yards an
warehouses and to permit the use O
such depots as union depots; to col
struct or otherwise acquire and ope
ate steam ships and other vesslcs 70
the carriage of freight and passenger
for hire; TO construct own and operat,
docks and warves for the landing o
vessles and for the securing Of STORM,
and forwarding of freight and accom-,
dation of passengers to establish ant
operate telegraph amp telephon,
lines to construct, or other
wise acquire, maintain and ope,
ate canals for navigation and acquire
and hold stocks, bonds or other sect
rites OF other corporations owning
and operating such canals; and gene,
ally to hold and exercise all such ~
cidental 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 ($1 900, 900. OO) di
vided into and represented by ten
thousand shares of the par value OF
one hundred ($l0O. .OO) dollars each;
which stock shall be paid for in cash,
or on such installments and after such
notices as the board Of directors may
ix. or may be issued in payment Of
labor or services rendered or property
actually received by the said corpora
ton.
In case Of the failure of any subscriber
to pay the installments demanded on
his stock, as required, the board Of di
rectors shall have the option after
thirty (30) days written notice to the
delinquent. Of forfeiting his stock
with ali amounts previously pNid
thereon. and no stockholder shah
have the right to vote while in default
for unpaid installnIents due on his
stock
This co tporation may begin its busi-
ness andi operations as soon as five
THOUSAND 5,ooo) jollars of its capital
stock 81 hi be sui kcribed and paid for.
All fshares o9stoelr shall be fully
paid And non:ssessable and transfers
Of Stock .sKaiy not be binding upon
safd company hnless recorded upon its
Socks or upon fthe books Of transfer az
gents hereinffter provided for
No stockhelde shall be held liable
or responsiJl lie for the contracts or
faults Of said corporation - any fur
ther ssm than thesnspaid balance due
on shares of stock owned by him;nor
shall any mere informality in organi-
zation have the effect Of rendering
this charter null or Of exposing a
holder to any liability beyond
the amount of his stock.
The subscription and stock books
shall be kept at the domicile and in
the Office of the company where GER
tificates Of stock shall be issued to the
and no transfer Of stock
shall be recognized as valid and bind
ing until the same Is made upon the
stock books OF the company.
Stockbooks shall be closed for the
of stock ten COY days before
election.
All subscribers to stock and all who
acquire stock by purchase or other
wise shall be deemed members Of this
act ofincorporation.
ARTICLE v.
The corporate powers Of said corpor-
alton shall be vested in and crcised.
and the business and affairs Of this
shall be managed and con-
Quoted by a board of directors COM
posed offs Five stockholders.
Said directors shall be elected an
nually on Thursday after the first
W Wednesday in February Of each year,
Or such other day as the stockholders
at regular or at any special meeting
may fix. and all such elections shall
be by ballot.
Of each election en(lO) days prior
notice shall be given in a newspaper
published in the City of New Iberia
and the directors thus elected shall
serve until their successors shall have
been elected.
A majority Of the votes cast shall
elect, and each share ofstock shall be
entitled to one vote, either in person
Or BY proxy.
A failure TO elect directors on the day