The weekly Iberian. (New Iberia, La.) 1894-1946, 1916-01-22

other wise, real estate either improved
or unimproved, stocks and bonds is-
sued by other corporations, as well as
bonds Of the United States, and any
State thereof, and of any municipal
or other political sub divisions; also
promissory notes. commercial paper
and evidences of debt, as well as 9TH
err personal property; all for cash or
on credit, or any other consideration,
or by donation; and the same to
mortgage, hypothecate or pledge;
also to hold, improve, lease, contract,
or otherwise obtain revenue from real
estate, as we'll as to maintain, work
and operate same, either for agricul.
tural or for other purposes, for which
same may be suited; also to sell, con.
tract or otherwise ALLEVIATE said realty.
promissory notes, commercial paper
and other property; to borrow mon
ey, draw, sign and issue Its promis-
sorry notes, checks. bills of exchange,
and other evidences OF debt. Said
shall also have the power
TO lend money, either on mortgage,
pledge or other security. accepting
premissory notes or other evidences
Of Indebted ness thereof; to admins
ter property held by i, and general
ly to 10 all things pecessary. proper
and incidental to the conduct Of its
said buSiness, anHto the objects and
purposeA for WHICH 1t is formed, as
herein expressed.
\MTICLE Nv.
The capii stock of said corpora
ton shall nv Twenty five Thousand
Dollars, Nvided into and represented
by Two Hundred and fifty shares Of
the pavvalue okone hundred dollars
($lOO 60) each, which said stock shall
be p&id for in CASH; or 1t may be is-
sued at not less thAQ par In payment
oyexchange for PROPERTY or rights ac-
tally received or puSch9sed by said
Incorporation, or.it may w paid for by
promissory /hdte/of thoroughly SOL
vent parti& k4Hyslent 70 cash, and
acce pied by lhe RsArd of directors as
such equivalent, and at nof Jess than
the par value -of-saeh stock; or for
such other valuable consideration or
service actually rendered, AZ the
Board Of Directors of said cofpora-
ton may determine. provided than no
stock shall be issued until the consid-
said corporation, and II being the In
tent that the greater part of the capt
tai stock Of this corporation shall
be issued for property to be given
in exchange therefor, there is at
tached and annexed hereto, and to
be read In connection herewith, an
accurate, detailed and itemized de.
scription OF such property 30 taken.
as to Its amount. location, extent,
character and state Of improvement;
together with a state ment OF its value
as appraised BY the directors; the
said statement being deposited, filed
and recorded in the Office of the Sec
rotary of State, and In the Office OF
the Clerk OF Court Of the Parish Of
Iberia.
Every sale or transfer of the capital
stock ofthe corporation shall be made
on the books Of the company, at its
Office, and OH the surrender OF the
certificate therefor, a new certificate
shall issue to the proper holder
thereof.
The capital stock Of this corporation
may be increased to Oue Hundred
Thousand Dollars {$10O, OOO. OO) In the
manner provided by law. 4
This corporation shall commence
doing business as soon as Fifteen
Thousand Dollars ($l5. 000.0O) Of the
capital stock thereof shall have been
subscribed as required by law and by
this charter, and paid in. The names
and postof1ice addresses of the sub.
scribers of the articles Of incorpora-
ton and the number of shares each
agrees to take, are as follows:
Charles G. Henshaw. Avery p. o.,
Iberia Parish. La. Eighty Three
Shares.