The weekly Iberian. (New Iberia, La.) 1894-1946, 1909-10-30
CHARTER of the
new |BER|A-ST. MARY & EASTERN R. R. co,

ions owning and operating sucI
canals to construct own and oper
ate urban and interurban railway
with electric or other motive pow
er and generally to hold and eyer
cise all such incidental powers ant
privileges as relate to the object
herein set forth:
ARTICLE Nv.
! The capital stock or this cor
poration is hereby declared to b,
the sum OF $4,000, 5000. OO) Two Nil.
lion Dollars divided into and re-.
presented by twenty Thousand
shares OF. the par value OF On,
hundred Dollars each, which stock
| shaii ne paid Tor in cash, or onsucf
ms. all ncnts and after such notice,
as the Board 81 Directors NAV fix
or may be issued in payment OF
'abor or services rendered. q,
property actually received by the
said corporation.
IN case of the failure of any sub.
scrlber to pay the installments do
manded on his stock, as required
the Board of Directors shail
have the option after thirty davs
written notice to the DELINQUENT. ol
Iorie't'ng the stock with all a.
mounts previously paid thereon
ana no stakeholder shall have the
right to vote while in default for
unpaid installments due on his
stock.
This corporation may begin its
business and operations as soon as
I'VE thousand dollars of the capi-
tai stock shall be subscribed and
paid for.
All shares OF stock shall be fully
PAID and non assessible and trans
fers OF stock shall not be binding
upon said Company unless record
ed upon it's books of transfer.
No stakeholder shall be held Lin
bic or responsible for the contracts
or faults Of said corporation in any
further sum than the unpaid bal
ance due on shares OF stock owned
ny him; nor shall any mere in
formality in organization have the
erect 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 the
domicile and in the office OF the
company where certificates of
stock shall be issued to the sub
scribers and no transfer of stock
shall be recognized as valid and
binding until the same is made up-
on the ckbooks OF the Conn
pany. Stockbooks shall be cIoa-
ed for the transfer of stock ten
days before election.
All subscribers to stock and al,
VINO should acquire stock by pur-
chase or otherwise shall be deem
Cd members OF this act OF incorpor-
ARTICLE v.
The corporate powers OF said
corporation shall be vested in and
exercised and the business and af-
fairs Of this corporation shall b.
managed and conducted by a Board
OF Directors composed OF seven
Said directors shall be elected
annually on the first Monday of
May, or such other day as tho
at q regular or snv
special meeting may 7ix, and ali
such elections shall be by ballot.
OF each election ten days prior
notice shall be given in Z news
paper published in the City OF New
Iberia and the directors thus elect
ed shall serve until their success
sors shall have been elected. AL
majority of the votes cast shall e.
ect, and each share Of stock shall
be entitled to one vote either In
person or by proxy.
A failure to elect directors on
he day required shall not dissolve
he Corporation but the Board OF
Directors shall continue to hold
heir office and another election
hall be held within thirty DAYS
hereafter, and ten days prior no
ice shall be given in q Newspaper
published in New Iberia, La.
Any vacancy occurring in the
3oard OF Directors from any cause |
whatever shall be filled by cleo
ion by the remaining Directors.
Five Directors shall constitute a
lucr for the transaction OF BUSH
less.
The Board of Directors 1t the
irst meeting in each year shall e.
ect from their own number \
resident and . first, and second
Ice president, and also shall elect
Secretary and Treasurer, but the
anne person may hold the office
I secretary and treasurer; and
hall appoint from time to time
UGH officers clerks, agents and
onfer power to appoint same and
Their employees as may be deem
d necessary for the business and
imposes Of said Corporation and
tsmiss the same at pleasure, and
hall have full power to make and
as well as change or A.
lend or alter c0nformably to this ,
It Of incorporation, all by-laws.
lies and regulations deemed re-
nisite for the control and man.
cement OF the affairs and business
said corporation, and It shall !.
ave full power to borrow money, |
<ecute mortgages, issue bonds, ,
axe contracts, make rules for the ,
Of dividends and 9en-I ,
ally to do all things and act In
matters pertinent to the OBJ
cts and purposes Of this corpor-
ion, as also to issue and deliver
III paid shares Of this stock or the
'nds or obligations OF this Cor
'ration In payment for labor done. {
money, or rights in property
tually received.
And any rule or bylaw 10 sub
ct to repeal, modification or
ange by the holders OF Z MAJOR 6
Of the stock at any meeting Of Z
e company.
The notice Of the annual meet z
OF the stockholders NAV be =
ven by publication ~ above pro- i
ded for or such notice may be =