New Iberia enterprise. (New Iberia, La.) 1885-1902, 1901-04-27
ACT OF INCORPORATION
OF
The Teche Construction Co., Ltd.
United States of America, State OF
Louisiana, Parish of Iberia.

wv uVVUV OVUVuWOWW" Os} o
United States of America, State of
Louisiana, Parish of Iberia.
Be it known that on this Cd (Second) day
of the month of April, in the year OF our
Lord, One Thousand Nine Hundred and
One, before me, Louis T. Dulany, notary
public in and for the Parish of Iberia, State
of Louisiana, duly commissioned and quail
fed and in the presence of the witnesses
hereinafter named and undersigned, per-
sonally came and appeared the persons
whose names are hereuntO subscribed, VINO
severally declare that availing themselves
of the provisions of an Act of the Legisla-
ture of this State, known as Act 30 OF the
session of the year 1888, as well as OF the
general laws of this State, governing the
formation of corporations in general,
they do by these presents covenant, agree
and bind themselves, as well as such other
persons as may hereafter become as.
sociated with them, in order to form and
constitute E corporation or body polite IN
law for the objects and purposes under
the stipulations following, to-wit:
ARTICLE |.
The name and title of this corporation
shall be THE TECHE CONSTRUCTION
COMPANY, LTD, and it shall have and
enjoy succession and existence Tor the
period of ninety-nine years from date
hereof it shall have power to contract, to
sue and be used in its corporate name, to
make and use corporate seal, and make,
break and alter the same at pleasure, to
hold, purchase, lease, sell, mortgage or
hypothecate property, real, personal, or
mixed, to make and issue bonds, to lend
any portion of its capital stock or income,
or mortgage security, OF other security TO
name, elect and appoint managers. direc-
tors and agents, and to make and establish
such bylaws, rules, regulations as may be
necessary for its proper management.
ARTICLE II.
The domicile of this corporation, and
it's principal office for the transaction OF
business shall be in the City of New Iberia,
Parish OF Iberia, Louisiana.
The President, or, in his absence, the
Vice President, shall be the officer upon
whom citation or Ortilcr judicial process
shall be served.
ARTICLE iii.
The capital stock of this corporation is
hereby fixed ut the sum Of One Hundred
Thousand Dollars, and this charter shall
be operative, and to 60 into effect, and the
said corporation become going concern,
when the sum of Ten Thousand, ($1O,-
OOO. .O0) Dollars shall have been subscribed
for. The capital stock Of this corporation
shall be divided into one Thousand shares
of the par value of One Hundred ($100.0O)
Dollars per share. and shall be paid for in
cash, or the equivalent in real estate,
machinery, dredge boats, electric plants,
appurtenances thereto, notes, bonds or
mortgages, or any other property which
the Board of Directors may approve.
ARTICLE Nv.
The objects and purposes Of this corpora
ti0n, and the nature Of the business to be
carried on by it, are hereby declared to be,
to do a general construction business, dig
canals, both drainage and navigable, build
levees and highways, construct railroads,
plank roads, dredge streams, open natural
drains, improve harbors, reclaim lands
from overflow, and to contract therefor in
thiau or a9y other State in the United
Et1letY IHdt s1n t6ot, - % any ~
things necessary and proper to the carry
ing out OF its business.
ARTICLE v.
The business of this corporation shall
be directed by and vested in q Board
Of Directors composed Of three (3) stock
holders, each owning one or more shares
Of stock. Said directors shall be elected
At general meeting Of the stockholders
convened for that purpose, and onthe second
Tuesday in January each year, and each
share Of stock present or represented shall
be entitled to one vote. The election shall
be held 1t the principal Office Of the cor
poration, after ten (1O) days notice in
writing, to each stockholder. Failure to
bold IN election on the day specified shall
not dissolve the corporation, but the
directors in ONCE shall hold their respec-
tive ollces until the election be subse-
quently held, after ten (l0) days notice,
in writing Of the place and time thereof.
All vacancies In said Board from what
ever cause shall be filed BY the remaining
directors.
The Board Of Directors shall elect d
President, vice-P President and Secretary
and Treasurer.
The Board Of Directors may appoint .
General Manager, TO attend to the affairs
Of the company, whose conduct Of the
busines1 shall always be under the super
vision and direction Of the Board Of Diree-
tors.
A majority Of the Board shall constitute
quorum for the ,transaction Of business. |
The salaries Of all the officers Of the cor
poration shall be fixed by majority vote
q the stockholders at the date Of the
election.
ARTICLE vi.
No stockholder shall be liable or respon-
sibls t. the contracts, faults or debts Of
said corporation in any further sum than
the unpaid balance due the corporation ON
the shares Of stock owned BY him; nor
shall any informality in organisation have
the eject Of rendering the charter null or
of sxposing stockholdsr to any liability
beyond the amount Of his stock.
ARTICLE VII.
This act Of incorporation may be amend
n oaD4Ud, modified Of dissolved " 4 |
vote & g -lourths Of the shares Of The
total amount Of stock, at meeting held Tor |
that pnrpose aftsr (l0) days notice In |
writing, Scaling The purpose of such meet |
Inc, mailed 10 the address Of eaeh stock |
holder and at least one advertisements in
The olReiAl newspaper Of iberia Parish.
ARTICLE VIII.
AZ the expiration Of this charter, or IL |
sooner dissolved, the Affairs Of this cor |
pesafion shall be liquidatsd BY the Board |
& Directors Who are vested With full power |
toeell any and MI nssets Of the corporation, |
and 10 convoy full and eomplete title
therseo, and shall have the full power
q do and perform all acts neeeessrv and
proper and eomplstsly liquidate the affairs |
anl dis1zibute the procesds. 4 any, among |
- eeekholders II proportion to the
ARTICLE TX.
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