New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1906-04-14

make and establish as we'll as alter and ament
from time to time such bylaws, rules and regula
tons for the proper government of the affairs Of
said corporation may be necessary and proper
ARTICLE II.
The domicilo OF this corporation shall he In the
City of New Iberia State of louisiana wher,
service of citation and other legal process sha
be made upon the president; In his absence or
the vice president, and in the absence of said Of
ticers, on the secretary or the treasurer.
ARTICLE III.
The objects and purposes for which this cor
poration is organized, aud the nature Of the bust
ness TO be carried on by 1t are hereby declared tC
he: To acquire right of way, privileges and fran
chises for rail roads and tramways to locnte con
truct, own, maintain aud operate for the carriage
of passenger, freight and express matters line
of railroad with one or more tracks and tramways
operated by electricity or otherwise in New Ibe
ria, and thence To the netRhbOring towns in the
parishes of IBERIA. St Martin, st, Mary other
points to the limits Of the State of La with all
necessary spurS. latcrais North or South q,
otherwise, trans and side tracks, switches and
turnouts, stations and motive power station
houses, yards, platforms, warehouses mud ferries
bridges and all other accessories. adjunrts and
appearances necessary and proper ami con
venient for the operation of such line of railway
to construct or otherwise acquire steamboats, and
other vessels tor the carriage of passengers and
freight for hire, to establish and operate tele
graph and telephone lines. to establish electri,
light plants, to generate and distribute electricity
for HRS for light. heat and power and for al
kind of purposes whatsoever usful To the publ,
Mt large. To construct own, maintain and opcr
ate hotels restaurants, pleasure grounds or otheI
places of public amusrment on or near line 81
railroad, and generally to hold and exercise al
such incidental powers and privileges to the oh
icct hereinabove set forth,
ARTICLE ".
The capital stock of this corporation Is hcrcb,
declared To be the sum of One Million and Fiv,
Hundred Thousand Dollars ISL 800 900 J divided
into and represented by Fifteen Thousand Share
of the par value of 800 each, Five Huudre,
Thousand Dollars of which shall be prefcrre,
stock bearing guaranteed rate of per cent pc
annum all of which stock shall be paid for IL
cash in such ustalmcuts and such notices a
the Board of Directors may fix for labor ser
vices rendered of property actually received b,
the corporation or In payment rtr rights, tranch
ises and material used in the construction wnrl
for the company All shares of stock shall h'
full paid and non Hssessahle, and TRANSFORMS o
stock shall not hc binding upon said compRn,
recorded upon its tor satisfactory proof mad
Of the loss or destruction of same according {,
aw) md duly cancelled
This corporation may begin business aud opcr
atoms as soon ms Ten Thousand Dollars of it,
capital shall be subscribed fer.
ARTICLE V.
The business aud affairs Of this corroratio,
shall be managed and conducted by n Board o
birectorsNf members each of whom shall III
stockholders in the company The Board /"
Directors Immediately upon their election an
nuslly. shall meet and elect president, Vie
president a secretary and treasurer. On th'
first Tuesday of March 1907, ami annually there
after an election of Directors, aud immrdiatel.
thereafter and election of officers, shall be hel'
at the office of the company, after ten days no
tic9n writing shall have been given to each stock
holder of the time and place of holding said an
uual election, which may he served by transmit
ing such notice to him through tho mails al
dressed 10 his lastkrowu place of residence o
business, The voting for Directors shall be b!
ballot, and each stakeholder shall he entitled {,
cast one vote for each share of stock owned b.
Him in person or 10y proxy The Directors thu
elected shall serve and continue in office until
their successors shall have been duly elected al,
qualified. A failure tie hold the annual meeting
or to elect Directors on the date above specific,
shall not dissolve the corporation, hut tho thel
Directors shall continue to hold their office un
til their successors shall have been elected ant
qualified. In ease any Director or officer shall
die resign cease To hc stakeholder before
end of his term of Office, the vacancy may b
filled by the remaining Directors for the re
maiuder of the term for which such Director %
officer was elected. ANY Director who may h.