New Iberia enterprise. (New Iberia, La.) 1885-1902, 1901-04-20
ACT OF INCORPORATION
OF
The Teche Construction Co., Ltd.
United States Of America, State OF
Louisiana. Parish Of Iberia.

United States of America. State OF
Louisiana, Parish Of IBERIA.
Be it known that on this % {Second) da
of the month of April in the year Of on
Lord, One Thousand Nine Hundred an
One, before me, Louis II. Dulany, n notar.
public in and for the Parish of Iberia, Stat
Of Louisiana, duly commissioned and quail
fed and in the presence Of the wtnesse
hereinafter named and undersigned, per
sonally came and appeared the person
whose names are hcreunto subscribed, wh'
severally declare that, availing themselvei
OF the provisions of an Act of the Legisla
ture of this State. known as Act 30 of thu
session of the year 1888, NJ well as Of TIM
general laws Of this State. governing tht
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 corporation or body polite in
law for the objects and purposes under
the stipulaiions following. to-wil
ARTICLE |.
The name aud title of this corporation
shall be THE TECHE CONSTRUCTION
COMPANY, LTD. aud it shall have and
period of n,nety-liine years from date
hereof il shall have power Ia contract, to
sue aud he used in its corporate name, to
make and use a corporate seal. aud 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 It's capital stock or income.
tIs..s.e IN,
name. elect and appoint managers. drec-
tors and agents. and to make and establish
such by laws. rules. regulations as may be
necessary for its proper management.
ARTICLE II.
The dOmicile Of this corporation, and
its 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
Wee President, shall be the officer upon
whom citation OF other judicial process
shall be served
ARTICLE ILL.,
The capital stock OF this corporation is
hereby fixed at the sum Of One Hundred
Thousand Dollars, aud this charter shall
be operative, and to go into effect, and the
said corporation become going concern,
whom the sum OF Ten Thousand, ($1O,-
600. .00) Dollars shall have been subscribed
for. The capital stock OF this corporation
shall be divided into one thousand shares
of the par value of One Hundred ($l00. .OO)
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 ".
The objects and purposes ofthis corpora
tion, and the nature OF the business TO be
carried on by II, are hereby declared 10 be,
70 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
this or any other State iu the United |
States; and, in fact, TO do any and all
things necessary and proper to the carry
Ing ont of it, business.
ARTICLE v.
The business Of this corporation shall |
be directed by and vested In Board
Of Directors composed Of three CD stock
holders. each owning ono or more shares
OF stoek. Said directors shall be elected
It general meeting Of the stockholders
convened Tor that purpose, and on thesecond
Tuesdayin January each year, and each
share Of stock present or represented shall
be entitled to one vote. The election shall
b. held It the principal ofIice Of the cor
poratlon, after ten (l0) days notice In
writing, to each stockholder. Failure to
hold m election on the day specified shall
not dissolve the corporation, but tho
directors In Office shall hold their respec-
tive ofhces until the election be subse-
quently held, after ten COY days notice.
IN writing Of tho place and time thereof.
All vacancies In said Board from what
over cause shall be filed by the remaining
directors.
The Board of Directors shall elect l
President, Vice President and Secretary
and Treasurer.
The Board Of Directors may appoint =
General Manager, to attend 10 the aifairs
Of the company, whose conduct Of the
business shall always be undcr the super-
vision and direction ofthe Board Of Direc-
toss.
Amajosity Of the Board shall constitute
. quorum tor the transaction Of busjuess.
The salaries Of all the ofIicers Of the cor
pofakion shall b. Axed BY 4 majority vote
q TIE stockholders q the datc Of the
election.
ARTICLE VI.
No stockholder shall be liable or respon.
able Tor the contracts, faults or debts OF
Daid corporation II any further sum than
The unpaid balance due the corporation on
~ shares of stock owned by him: nor
nholI any informality ID examination have