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

to lease Other railways either withiI
or without the state Of Louisiana: +
purchase or consolidate with othe
railway companies organized unde
the laws Of iOuisiana or of anv othe
state OF the Union, and to acquire an,
hold the stocks, bonds AMI securitle,
or such other railway corporations; t
guarantee h e stocks BONDS AM
securities Of such other railway co
\ poration as this corporation may be II
tcreSted IN to construct and maintail
passenger depois, freight yards an,
warehouses and to permit the use o
such dcpots as union depots to COZ
struct or otherwise acquire and ope
ate steam ships and other vcssles TO
I The carriage of freight and passenger.
! Tor hire; to construct own ana operate
+ docks and waryes for the landing o
veSs!es and Tor the securing Of STORING
and forwarding Of freight and accomc
dation of passengers to establish anC
I operate telegraph amp telephone
tines to construct, or OF II err
wise acquire, maintain and opel
ate canals for navigation and acquire
I and hold stocks, bonds or other secu
rites Of other corporations owning
and operating such canals; and gener
ally TO hold and exercise all such IN
cidental powers and privileges as re
late TO the objects herein set forth.
ARTICLE ".
The capital stock Of this CORPORATION
IS hereby declared to be the sum of
one million dollars 81 900, UOO. OO} di
rided into and represented bv ten
thousand shares OF the par value of
one hundred $1,000 dollars each;
which stock shall be paid for in cash,
Of on such instruments and after such
notices as the board of directors NAV
TX, or may be issued in payment of
labor or services rendered or property
actually received by the said corpora
ton.
In case fthe 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 900 days written notice to the
delinquent, of forfeiting his stock
with all AMOUNTS previously paid
thereon, ay no stockhoeder shall
have the wght to vote while il default
for unp6id installments due on his
stock
This corporation may begin its busi-
ness and operations as soon as five
thousand s. ,000l dollars of its capital
stock shall he subscribed and paid for.
All shares Of stock shall be fully
paid and -assessahle and transfers
Of stock shall notehe binding upon
said company unless recorded upon its
books or upon the books of transferfa-
gents hereinafter provided for -
No stockholder shall be beld liable
Or responsible for the contracts or
faults of said corporation in any fur
ther sum than the unpaid 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
stockholder to any liability beyond
the amount Of his stock.
The subscription and stock books
shall! be kept at the domicilc and in
the office of the company where GER
tilicates Of stock shall be issued to the
subscribers and no transfer OF stock
shall be recognized II as valid and bind
ing until the same is made upon the
stock books OF the company.
Stockbooks shall be closed for the
transfer of stock ten l0) days before
election.
All subscribers to stock and all " no
acquire stock by purchase or other
wise shall be deemed members of this
act Of incorporation
ARTICLE W
The corporate powers Of said corpoi-
alton shall be vested in and exercised.
and the business and affairs of this
shall be managed and con-
iucted by a board Of directors COM
posed of(5) Five stockholders.
Said directors shall be elected an
nually on Thursday after the first
Wednesday in February Of each year,
or such other day as the stockholders
at a regular or at any special meeting
NAV fix. and all such elections shall
be by ballot.
Of each election ten l0) days prior
notice shall be given in 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
eIeot and each share OfStOck shall be