The weekly Iberian. (New Iberia, La.) 1894-1946, 1902-02-01
CHARTER.
OF
SkTTERrIELD GIN COMPANY.
LIMITED.
Knitted STATES OF AMERICA
State Of Louisiana, Parish OF
IBERIA.

NL2b0 OF H0ulSldud, dIloA VI
iberia.
Be- IT KNOWN; that on this Seventh
eth day of January A, D. 1902, be-
fore me, Fred w. Bauman, Notary
Public in and for the Parish OF Iberia,
State of Louisiana duly commissioned
and qualified and IN the presence OF
the witnesses hereinafter named and
undersigned, personally came and ap-
peared the several persons whose
names are hereto SUBSCRIBED, who de-
clared that awaiting themselves OF the
provisions Of the laws of this State re-
lative to the organization OF corpora
tions they have agreed, and by these
presents do agree and bind and obi
gate themselves as well as such per-
sons as may become associated with
them and their successors, do form
and constitute corporation and body
polite in law for the objects and pur-
poses and under the conditions and
,stipulations as contained and set
forth in the following articles, to-wit:
ARTICLE 1.
The name and title of said corpora
ton shall:be..sattertield Gin Company,
Limited. 1t 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.
perty 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
ment of its affairs.
ARTICLE
The domicile of said corporation
shall be In the City Of New Iberia,
Perish 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 III.
The objects and purposes TOR which
the said corporation is organized and
the nature of the business is to be car
riea on by it are declared to be the
laying. selling and ginning of cotton
and the manufacturing of its products
alan the buying, selling and milling
If cnrn. and other agricultural pro-
aucts, and all works kindred to these
undertakings. and for said purposes
10 lease and hold real estate, erect
suitable buildings thereon and equip
them with all necessary machinery,
aid generally to do all that may be re-
qaisite FOR the carrying out of the pur-
psss above mentioned,
ARTICLE Nv.
he capital stock of said corporation
1hall be One Hundred Thousand
Deliars (tlOO. 900, divided into and re-
pfeseAted by One Thousand Shares of
tl00. each which shall be paid at such
tfne and under such regulations as the
Doard Of Directors may determine, or
it nay be iss ued at no less than par in
p4ynent Of property purchased by or
fDr labor aad services rend red said
cooperation, which shall not begin
hasiness until Five Thousand $5OO0,0))
Daliars $50 shares) of the capital stock
shah have been subscribed.
ARTICLEy.
All the corporate powers of said cor
nsrat;on shall be vested in an exer-
6ised by Z board Of directors composed
81 three stockholders, to be elected
annually on April LIST after A, D.,
1ses: the election shalt be by ballot
and each person shall be entitled in
person Or by proxy to one vote for
every share of stock held by him.
Notice Of such election shall be given
hJ ten l1O) days continuous publica-
tisn, immdiately preceding such cleo
.tie1 ID one Of the weekly newspapers
ptbllshed in the town of New Iberia,
La,
s. At their first meeting after the cleo
ties OF the board of directors they
shall elect from its own number a
.'Dresident,n ''vic- president.' treas
axor And secretary
Uatll the FIRST election on the 1st Of
.ARril, 4. D. lS0s.
THE FOLLOWING STOCKHOLM
ERS ARE CONSTITUTED THE
Beard Of Directors, TO wit: VIM. E.
SetAerAeld, G. Cliff Lauehlin and I.
Norwood Satterfeld.
The Board Of Directors shall make
and adopt such bylaws as may be
secs1sary for the proper management
lHA regulation Of the affairs and BUSH
tsR Of the. said corporation. and to
amend and alter the same at pleasure,
aAA shall appoint all agents, mana
eers, clerks etc, as they may deem
froper, define their powers and duties
laA AZ their compensation.
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