The weekly Iberian. (New Iberia, La.) 1894-1946, 1916-01-15

otherwise. real estate either improved
or unimproved, stocks and bonds is
sued by other corporations, as we'll al
bonds of the United States, and any
State thereof, and of any municipal
or other political subdivisions; also
promissory notes, commercial paper
and evidences of debt, as we'll as 9th.
err personal property; all for cash OF
on credit. or any other confederation,
or by donation; and the Same to
mortgage, hypotbecate 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.
turai or for ether 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
corporation shall also have the power
to lend money, either on mortgage,
pledge or other security. accepting
Nromissory notes or other evidences
oNndebtedness therefor; to admins
ter Aroperty held by it. and general
~ to 10 all things necessary, proper
and Incidental TO the conduct of its
said busfQ ess, aud to the objects and
purposes fQr which IL 10 formed, as
herein expfessed.
ARTICLE Nv.
The capital Atock Of said corpora-
ton shall be Twenty five Thousand
Dollars, divided Nto and represe nted
by Two Hundred And fifty shares of
the par value Of one hundred dollars
l$lO0 00) each, whicAsaid stock shall
be paid for in cash; on it may be is
sued at not less than pay in payment
or exchange for property or rights &C.
tually received or purchaAed by said
corporation. or it may be pAid for N
promissory notes OF Thoroughly sbi-
vent parties, equivalent TO cAeh. And
accepted by the Board OF Direkt6rs al
such equivalent, and at not lesx than
the par value of such stocki E for
such other valuable constellation or
service actually rendered. az Me
Board of Directors of SAID corporA,
ton may determine. provided that nN
stock shall be issued until the consid
Grafton therefor has b6en rece iyed bv
said corporation, an0it being the IN
tent that the greatsf 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 aEnexed hereto, and to
be read Ia connection herewith. an
accurate, dFtailed and itemized de.
scription 81 such property 80 taken.
as to its/amount. location, extent.
charactIr and state of Improvement:
toReth1r with a state ment of its value
as appraised BY the directors: the
said statement being deposited. fled
an1recorded IN the Office Of the Sec
reGary Of State, and in the Office of
the Clerk OF Court Of the Parish Of
Iberia.
Every sale or tranefer Of the capital
stock ofthe corporation shall be made
on the books Of the Company, at its
ofhce. and on the surrender Of the
therefor, a new Certificate
shau issue to the proper holder
thereof.
The capital stock Of this corporation
may be increased to One Hundred
Thousand Dollars ($10O. ZOO. OO) in the
manner provided by law.
This corporation shall commence
1otng business Is soon as Fifteen
Thousand Dollars ($l5 900. OO) Of the
capital stock thereof shall have been
subscribed as required by law ard nv
his charter, and paitf tn. The names
mo postomce addresses Of the Sub.
'criOers OF The articles Of iDcorpora-
ion ana the number Of shares each
agrees to take, are az follows:
). Charles 9: Henshaw. Avery p. O..
peril; Z Parish. La. Eighty Three