The weekly Iberian. (New Iberia, La.) 1894-1946, 1906-05-12

q salG bonds or notes to mortgage and
pledge its railroad, capital stock, com
| p&ny buildings, corporate franchises
and immunltles, real or per onal
! property, or any portion Of tie same;
to lease OF sell its lines Of railway in
whole 0r in part to other companies;
i in leaS~ Other railways either within
Or Wiihoat the state OF LouiSiana; TO
! purchase or consolidate with other
I railway companies organized under
the laws of ouisiana or Of anv other
state %! the Union, and to acquire and
/ hold the stocks, bonds and securities
OF such other railway corporations; to
/ guarantee h e stocks. bon6s and
securities of such other railway cor
r2ration as this corporation NAV be in
tcrested in TO construct and maintain
passenger depots, freight yards and
warehouses and 10 permit the use of
such GepOts as union depots; to con
Fstruct or otherwise acquire and oper
! ate steam ships and other yessIes for
the carnage of freight aud passengers
tor h:rc; 70 construct own and operate
docks and waryes for the landing of
V'SS.es and for the securing Of storing
and Forwarding Of freight and accomo
dAfton OF passengers to establish and
o1-rat" telegraph amp telephone
l1n4s TO construct. or otEer-
WIS" acquire, maintain and oper
ate canals COR navigation and acquire
and hold stocks, bonds or other secu
iltias Of other corporations owning
and operating such canals; and gener
ally t. hold AMI exercise all such IN
c;den;al powers and privileges as re
ate to the objects herein set forth.
ARTICLE ".
The capital stock Of this CORPORATION
= hereby Il d'nlarcd to be the sum Of
one million dollars 81 00), 00p. 0o) di
Ndcd iGto ai.d represented by ten
thousand shares OF the par value of
one hundred (Sl0O.0O) dollars each:
which stock shall-be paid for in cash,
or on such installmen and afler such
notices as the board of directors NAV
ix. or may be issued in payment of
labor or services rendered or property
actnaIly received by the said corpora
ton.
In case Of jf,be failure of any subscriber
to pay ting instalIments demanded on
his stock, as required, the board Of di
rectorS shall have the option after
thirty 500 days written notice to the
of forfeiting his stock
with III amounJs previously paid
thereon, anl no stockho' der shall
have the right to vote while in default
for unpaid installments due on his
stock .y.s4s4...
This cofforation may begin its busi-
ness ssd operations las soon as five
Ihonsa..d 60, ,0o0J doll ers of it's capital
5teck shall be suhscrf f,cd and paid for
All shares Of sick shall be fully
paid and non-assef Sable and transfers
of stock shall fot be binding upond
said compax<Nnlsss recorded upon ip
looks 2Sssson tbe books Of transfer "a
gents hereiaaFer provided for 4
M sssts holder Shall be held fable
or responsible for the contracts or
auts of said corporation in any fur
her sum than the unpaid balance due
IN shares of stock. owned by him;nor
haff any mere informal1ty in organi-
.ation have the effec: of rendering
his charter null or Of exposing
tockholder to any liability beyond
he amount Of his stock. 80
The subscription and stock books
hall be kept at the domicilc and in
he Office ofthe company where GER
ificates ofstock shailsbe issued to the
aEd9ro transferNof stock
hall be r. cognized as valid and bind
ng until the same is mad upon the
sock books'of the company.
!, S; ock bo ,ks sh1ff be closed for tn
rapsfer Of stock Ten lo) days before
lection.
All subscribers TO stock and all who
cquire stock by purchase or other
wise shall be deemed mem bers of this
ct ofiacorporation.
ARTICLE V.
The co 'porate powers ofsiil corpo;-
ton shall be vested in and crcised.
nd the business and affairs of this
slllIl be managed and con
ucted by board of directors COM
osed of - Five stockholders.
Said directors shall be elected an
ually on Thursday after the first
Wednesday in February Of each year,
r such other day as the stockholders
t a regular or at any special meeting {
,ay fix, and all such elections shall
c by ballot. I
Of each election tent l0) DAYS prior
office shall be given in a newspaper
ublshed in the City of New Iberia
nj the directors thus elected shall /
,rve until their SUCCESSORS shall have
cen elected
A majority Of the votes cast shall
ect. and each share ofstock shall be