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

otherwise, real es tate either improved
or unimproved, stocks and bonds Ia
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 az 9th.
er personal property all for cash or
on credit, or any other consideration,
or by douation; and the same to
mortgage, hypothecate or pledge;
also to hold, improve, lease, contract,
or otherwise ohsaln revenue from real
estate, as well az to maintaip, work
and operate same, either for agriculs
tural or for ether purposes, for which
same may be suited, also to sell, con-
tract or otherwise ALLEVIATE said realty.
promissory notes, commercial paper
aud other property, 10 borrow mon
ey, draw, sign aud issue it's 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
promissory notes or other evidences
of Observation-Disclosures TO admins
ter property held by it. and general
Iy to do all things necessary, proper
and incidental to the conduct of it's
said business, and to the objects and
purposes for which it is formed. as
herein expressed.
ARTICLE ".
The capital stock of said corpora
ton shall be Twenty FIVE Thousand
Dollars, divided into and represented
by Two Hundred and fifty shares of
the par value OF one hundred dollars
$500 COZ each, which said stock shall
be paid for in cash, Or 1t may be is
sued at not less thanspar IN payment
or exchange for PROPERTY or rights nc
tually received or purchased by said
corporation, or It may be paid for by
pronissory notes of thoroughly sol.
vent parties. equivalent to cash, and
accepted by the Board of Directors as
such equivalent, and at not less than
the par value OF such stock, or for
such other valuable consideration or
service actually rendered, az the
Board of Directors fof said corpora
ton may determining. provided that no
stock shall be Issued untifthe consid.
GRAFTON therefor has been received by
said corporation, and it 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 80 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 III 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, a, it's
Office, and on the surrender of the
certificate therefor. new certificate
shall issue TO the proper holder
thereof.
The capital stock Of this corporation
may be increased to Oue Hundred
Thousand Dollars $500, uO0.o0l In the
manner provided by law.
This corporation shall commence
doing business as soon az Fifteen
Thousand Dollars (Sj 900 O0) of the
capital stock thereof shall have been
subscribed 81 required by law and by
this charter, and paid in. The names
and postoffice addresses of the sub
scribers of the articles Of incorpora-
ton and the number of shares each
agrees TO take, are as follows:
Charles c. Henshaw. Avery p. o..
Iberia Parish, La. Eighty Three
Shares.