The weekly Iberian. (New Iberia, La.) 1894-1946, 1911-04-01

struction business %ith al power
and rights incidental or necessary
TO the sane; 20 obtain ani reCeiN
by grant. purchase, gift or be
quest, both real end personal pre-"
erty; anil for the purchase o, 'au'
supplies, material. or tn" paymen
of labor, contracts ard work, II
issue stock certificates o. bonds il
payment thereof ana At such val
uation as may b. agreed urou b.
and between the directors for thi
corporation and the oWrc1e o
land, materials, supplies. an5 thu
j lahorers and contracts o. fo"r; -
! obtain, accept or receive iron
! any State, county, parish, diet let
| ward, town, yilia@c OF person anI
rights, privileges o. Irdrch So
! which the same may offer for Inc
! construction of any OF u thing.
herein provided for; % torroE
! money or to purchase and leaSt
+; property on It's own cre,sil for ths
/ purposes Of constructing iiacs OF
/ transportation or for the reclaim
! alton or irrigation Of lands, and, q
+, evidence of Indebtedness g Thu
corporation for such loans Or the
] purchase or lease OF SAL proper
! tv, to issue its corporate BOMBS 0,
| promissory note bearing interest
and made payable either in United
States currency or gold coin a09
at such time and place as may he
! approved by the directors and fol
securing the payment of sal! bonds
or notes, to mortgage and pledge
its property real or personal, and
its rights, privileges and fran
chises; to acquire and to ho'@
stocks, bonds or other securities O {
other corporations, and to do all
things needfui and necessary, o.
that may be incidental TO the Oh
jects and purposes herein set forth
ARTICLE ".
The capital stock Of this corpor-
alton is hereby declared To be the
sum Of one million dollars divided
into ana re presented by ten thous-
and shares Of the par value OF one
hundred dollars ($100.vol eacn,
which stock shall b. paid for in
cash Or on such instaiinents ana
after such notices as the board o.
directors may fix, Or may be is
sued in payment Of labor or ser
vices rendered, Or property Ac,
ual,y rccc.red by said corporation
In c;.o. o. the failure OF any sub
scribcr to pay the instalImcnts de-
manded Oh his stock, as required,
the board of directors shall have
the option after thirty days writ
ten notice to the deiinquent, oil
FORGETTING his stock with all
amounts previously paid thereon
and no stakeholder shall have the
right to vote wAite IN rsSfault for
unpaid instal,ments dueAxon his
This corporation may begin bjfs;-
ness apd operation as soon as five
thousand dollars OF the capital.
STOCK shall have been subscribed
Az IAN p shares eo3 ii stoA shall be fully
sfers Of stoI shaf not be binding
o upon said Is0Fp9fation n",esa re-
~, No o, stofShold,,TX sba4.1.1f7 held la
or faults s}id corporation in
any fu tkf sym than the unpaid
balance due IN shares OF stock.
owned by hinf; nor shall any mep<
infprma'ity il organization hxte
the effect OF rendering this ch6Tter
null orAQ( exposing any stoek hold
er to any'---aiaAlIilXs ssl@vond The
amount of his stock. The subscrip-
ton and stock book shall be kept
at the office and domicile Of the
where certificates Of
stock shall be issued to The sub
scribers and no transfer OF stock
shall be recognized as valid and
upon the company until the
same is made upon the stock book
of the corporation. Stock-books
shall be closed for the transfer of
stock ten days before election.
ARTICLE V.
The corporate powers of this |
shall be vested in and |
axeteised, and its business and af-
lairs shall be managed and con-
iucted by a board OF directors
OF seven f1 stockholders.
Said directors shall be elected
on the first Monday or
March or such other day as the
stockholders at regular Or spe-
'ial meeting may fix.
OF each election ten days prior
lotice shall be given in news
,aper published in the CITY Of New
IBERIA, and the directors thus cleo
ed shall serve until their success
Ors shall have been elected. A
majority of the votes cast shall
lect, and each share of stock shall
e entitled to one vote, either in
erson or by proxy.
A failure to eject directors on
ne day required shall not dissolve
he corporation but the board of
irectors shall continue to hold
neir office until their successors {
hall have been elected.
Any vacancy cccurirsx in the q
oard of directors from any cause s
hatever shall be filled by election a
Y the remaining directors. Five c
irectors shall constitute a quorum G
'r the transaction of business. I
The board OF directors at their 7
rst meeting each year after thei: 4
ectiOn, shall select one OF their a
lmber as president, vice pres
ent ana secretary-treasure n
ID shall appoint from time to time d
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