The weekly Iberian. (New Iberia, La.) 1894-1946, 1902-01-25
ARTICLE l.

AR1lALE i,
The name and title of said corpora
ton shallbe.satterfield Gin Company,
Limited. It shall exist for the full
term and period of Ninety nine (99)
years from the date hereof, and under
its corporate name it shall Rave power
and authority to purchase, sell, mort
gage and pledge movable and immov'
able property real and personal pro-
perry necessary or convenient for Its
business, and generally to perform
acts pertaining to or requisite for the
purpose for which this corporation is
organized, and for the proper manage
nAent Of its affairs.
ARTICLE II.
The domicile of said corporation
shall be In the City of New Iberia,
Parish Of iberia. State of Louisiana,
and all citation or other legal process
shall be served on the president, and,
in his absence on the vice president.
ARTICLE Ill.
The objects and purposes tor which
the said corporation is organized and
the nature of the business is to be car
ried ON by it are declared to be the
buying. selling and ginning Of cotton
and the manufacturing of it's products
also the buying, selling and milling
Of corn, and other agricultural pro-
ducts, and all works kindred to these
undertakings. and for said purposes
to lease and hold real estate, erect
suitable buildings thereon and equip
then with ali necessary machinery,
and generally to do ell that may be re-
squisite for the carving out of the pur-
pose above mentioned,
ARTICLE Nv.
The capital stock Of said corporation
Shall be One Hundred Thousand
Dollars 100000, divided into and re-
presented by One Thousand Shares OF
400. each which shall be paid at such
time and under such regulations as the
Board Of Directors may determine, or
it may be iss ued at no less than par in
payment Of property purchased by o.
Cor labor and services rend red sale
corporation, which shall not begir
business until Five Thousand S5000,O
Dallars $50 shares) of the capital stool
shall have been subscribed.
ARTICLE Y.
All the corporate powers of said cor
porat:on shall be vested in an exer
cised BY board of directors composed
Of three stockholders, to be electe'
Annually on April LIST after A, D
l9c2; the election shall be by ba1lo
and each person shall be entitled i
person or by proxy to one vote 70
every share Of stock held by him
Notice Of such election shall be give
by ten (l0) days continuous publics
ton Immediately preceding such elee
ton in one Of the weekly newspaper
published in the town of New Iberia
La,
At their first meeting after the cleo
ton OF the board of directors the
sh2il elect from its own number
president" "vic-president.' a trea.
urer and secretary, y
Until the FIRST election on the lst /,
April, A. D. 1908.
THE FOLLOWING STOCKHOLM
Frs ARE CONSTITUTED TIL
: Beard Of Directors. to wit: VIM ]
Hatter6eld. G. Cliff Laugh1in and
Norwood Satterfield.
The Board Of Directors shall NAL
and adopt such bylaws as may
necessary for the proper manageme
and regulation of the affairs and bus
reas Of the said corporation, and
amend and alter the same at pleasur
and shall appoint all agents, man
gers. clerks etc. as they may dee
proper, define their powers and duti
and FIX their compensation.
All officers and directors shall I
main in Office until their sIccesso
shall have been elected and qualifie
aud the Board Of Directors shall t
all vacancies occurring among the
own number an among the officers.
All contracts. obligations and chez
Of the said corporation shall be sign
BY two officers 20 be designated
the Board of Directors.
ARTICLE vi.
No stockhoider shall ever be he
liaplg'of responsible for the contrae
or lkults Of the corporation in al
hnsther sum than the unpaid balan
dos to the company on the shar
owned By him, nor shall any mere i
fssmalitv In the proceedings Of orga,
jz1tten render any stockholder lab
heyond said amount.
ARTICLE VII.
This act Of incorporation may I