The weekly Iberian. (New Iberia, La.) 1894-1946, 1916-01-08

otherwise, real estate either improved
or unimprovcd, 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 divisions; also
promissory notes, commercial paper
and evidences Of debt, as well as 9TH
er personal property all for cash or
ON credit. or any other consideration,
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 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 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 indebtedness therefor; to admins
ter property held by it, and general
ly to do all things necessary, proper
and incidental to the conduct Of its
said business, and to the objects and
Npurposes for which it Is formed, Sf
herein expressed.
\ ARTICLE Nv. 4
Nhe capital stock Of said co<pora-
tioA shall be Twenty five thousand
DollaSs, divided into and REPRESENTED
by TwNN Hundred and fifty/shares Of
the parValue OF one hunJFed dollars
($l00 00Neach, which said stock shall
be paid fox in cash; DRIFT may be Is
sued at notNess than Dar in payment
or exchangeHor PROPERTY or rights &C
tually received or Purchased by said
corporation, or(t May be paid for by
promissory not& Of thoroughly sol.
vent parties, e(nValent to cash, and
accepted by tHe BAard Of Directors as
such equivalent, ann at not less than
the par v9fue Of srSh stock; or for
such othsf valuable Spnsideration or
service Actually rendered, as the
Board 6f Directors of\said corpora
ton y(ay determine. pro\ided that no
stock shall be issued untik the consid-
ergtion therefor has been Aeceived by
4iu wi HaA ~ DSiAK Lut III
TENT at the greater part ofthe capt.
tai stock of this corpcraaiAp shall
be issued for property to bA given
in exchange therefor, there Us at
tached and annexed hereto, AID to
be read In connection herewith an
accurate, detailed and itemized Ne
scription OF such property go taken.
as to its amount. location, EXTENT
character and state of Improvement!
together with state ment OF its value
as appraised bv 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 it's
office, and on 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 One Hundred
Thousand Dollars $500. UOO. O0) in the
manner provided by law.
This corporation shall commence
doing business as soon as Fifteen
Thousand Dollars ($l5 .000.00) OF the
capital stock thereof shall have been
subscribed as required by law and by
this chatter, and paid in. The names
and postoffice addresses of the sub.
scribers Of the articles Of inc0rpora-
ton and the number of shares each
agrees to take, are as follows:
Charles 9. Henshaw. Avery P. O.,
Iberia Parish, La. Eighty Three
Shares.