The weekly Iberian. (New Iberia, La.) 1894-1946, 1906-04-14

OF said bonds or notes TO mortgage and
pledge ils railroad, capital stock, com
pany buildings, corporate franchises
and immunlties, rea or per onal
property, or any portion of the same;
70 lease or sell it's lines of railway in
whole or in part to other companies;
to lease other railwavs either within
or without the state Of louisiana, to
purchase or consolidate with other
railway companies organized under
the laws of ouisiana or Of any other
state Of the nion, and to acquire and
hold the stocks, bonds and securities
OF Such other railway corporations: to
guarantee h @ stocks bonds and
securities of such other railway cor
poratIon as this corporation may be in
tcresicd IN to construct and maintain
/ passenger derotH, freight yards and
warehouses and to permit the usc Of
such depots as union depots to con
s''uct or otherwise acquire aud oper
ate steam ships aud other vesales for
the carriage of freight and passengers
FOR hire; to construct own and operate
docks and warves for the landing of
vessles and for the securing of storing
aud forwarding Of freight and accomo
| dation OF passengers to establish and
operate telegraph amp telephone
| lines to construct, or other
wise acquire, maintain and oper
ate canals for navigation and acquire
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 Nv.
The capital stock of this corporation
is hereby declared tC be the sum of
one million dollars (Sl 900, 600. Oo) di
vided into and represented by ten
thousand shares of the par value of
one hundred 100000 dollars each;
which stock shall be paid for in cash,
or on such installments 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 Of the failure Of any subscriber
to pay the installments demanded on
his stock, as required, the board of Iii
rectors shall have the option after
thirty 500 DAYS written notice to the
delinquent, of forfciting his stock
with all amounts previously paid
thereon, and no stockholder shall
have the right to vote while in default
for unpaid instailments due on his
stock.
This co rroration may begin its bust
ness ARD operations as soon as five
thousadd $1,000 dollars of it's capital
stocksshall he subscribed andpaid for.
All shares of stock. shaf be fully
paid and -assessab,e ap6 transfers
q stock shall not be ynd,ng upon
5aid company unless rec/r.ied upon its
books or upon the book fof transfer a
gents hereinafter proyfded for
No stockholder sh Jlabe held liable
or responsible for he contractsf or
faults of said CORP (ration in any FUR
ther sum than th Unpaid baIanc( due
on shares ofstaG owned by hih;nor
shall any mere informality- y-in @organi,
zation have. the effect of rendering
this charter null or of exposing a
stockholder to any liability beyond
the amount of his stock.
The subscription and stock books
shall be kept at thc~-iofnicffe and in
the Office of the company where cer-
tiiicates of stock shall be issued to the
subscribers and no transfer of stock
shall be re ecognized as valid and bind
ing until the same is made upon the
stock books of the company.
Stockbooks shall be closed for tn,
transfer of stock ten (I0) days before
election.
All subscribers to stock and all who
acquire stock by purchase or other
wise shall be deemed members of this
act of incorporation.
ARTICLE V.
The corporate powers OF said corpor-
alton shall be vested in and exercised.
and the business and affairs of this
CORPORATION shall be managed and con-
Quoted by a board of directors COM
posed of(5) Five stockholders.
Said directors shall be elected an
nualy on Thursday after the first
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 tent 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
elect, and each share ofstock sh all be