New Iberia enterprise. (New Iberia, La.) 1885-1902, 1902-01-25
ACT OF INCORPORATION
New Iberia Extract OF Tabasco
Pepper Company, Limited.

Pepper Company, Limited.
United States of America, State of
Louisiana, Parish of Iberia
Be it known, that on this Twenty first
day of the month of December, in the yeal
of our Lord, One Thousand Nine Hundred
and One, before me, Edward T. Weeks,
Notary Public, in and for the Parish of
Iberia, State of Louisiana, duly commits
stoned and qualified, and in the presence
CT the witnesses hereinafter named and
undersigned, personally came and ap-
peared the persons whose names are here
unto subscribed, who severally declared
that, availing themselves of the provisions
of an Act Of the Legislature of this State,
known as Act No. SO of the session of the
year 1888, as we'll as the general laws of
this State, governing the formation of cor
porations in general, they do. by these
presents, agree and bind themselves, as
well as such other persons as may here
after become associated with them, in
order to form and constitute corporation
or body polite in law for the objects and
purposes and under the stipulations follow
ing, tO-wit:
ARTICLE l.
The name and title of this corporation
shall be NEW IBERIA EXTRACT OF
TABASCO PEPPER COMPANY, LIN
TIED, and it shall have and enjoy success
sion and existence for the period of ninety
nine years from date hereof. 1t shall have
the power to contract, to sue and be sued
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 prop
erty, real, personal or mixed, to make and
issue bonds, to lend any portion of its
capital stock or income on mortgages, to
make notes and borrow money erect and
own Offices, laboratories, factories, ware
houses and such other buildings as are
necessary and proper to the management
and carrying on of its business to name,
elect and appoint managers, directors and
agents and to make and establish such by
laws, rules, regulations as may be neces
sary for its proper management.
ARTICLE II.
The domicile of this corporation, and its
principal Office for the transaction of bust
ness, shall be in the city of New Iberia,
Parish of Iberia, Louisiana.
The President, or in his absence, the
president shall be the officer upon
whom citation or other judicial process
shall be served.
ARTICLE III.
The capital stock of this corporation is
hereby fixed at the sum of Ten Thousand
Dollars ($1O, 100000 (with the privilege
Of increasing said capital stock to Fifty
Thousand Dollars) and this charter shall
be operative, and 60 into effect, and the
said corporation shall begin business and
become going concern, when the sum of
Six Thousand Dollars I$6,000.OO) shall
have been subscribed for. The capital
stock of this corporation shall be divided
into one hundred shares of the par value
of One Hundred Dollars ($1O0.OO) per
share, and shall be paid for in cash, or the
equivalent in real estate, pepper, pepper
sauce, or any other property, considera-
ton or equivalent which the Board of
Directors of this company may approve.
ARTICLE w.
The objects and purposes of this corpor
alton and the nature of the business to be
carried on by it, are hereby declared to be
the planting, growing, cultivation, pur-
chase and sale of Tabasco pepper and of
other pepper or peppers; the manufacture
other sauces and of pickles and other
condiments.
ARTICLE V.
The business of this corporation shall be
directed by and vested in a Board of
Directors, composed Of five stockholders,
each owning one or more shares of stock.
Said directors shall be elected at general
meeting of the stockholders, convened for
1ok~ J.
in each year, and each share of stock pre-
sent or represented, shall be entitled to
one vote. The election shall be held at
the principal Office of the corporation, after
ten days notice to each stOckholder. Fail
ure to hold an election on the date specified
shall not dissolve the corporation, but the
directors in Office shall hold their respec-
tive Office until the election be subsequent
ly held, after ten days notice of the time
and place thereof.
All vancies in said Board from whatever
cause shall be filled by the remaining
directors. Any director, absent from the
parish may nominate in writing substi-
tute to act in his stead.
All meetings above set forth shall be
called on not less than ten days notice
published in the Official journal of the
parish.
The Board Of Directors shall elect
President, Vice President, Secretary,
Treasurer and Manager. The Secretary,
Treasurer and Manager need not be a
stockholder or stockholders in the cor
poration.
A majority of the board shall constitute
quorum for the transaction of business.
The President shall be the General Man
ager of the corporation with the power to
appoint an assistant manager and such
officers and employees as may be neces-
sary, and the salary of the manager of the |
corporation shall be fixed by majority
vote of the Board of Directors
ARTICLE vi.
No stockholder shall be liable or respon-
sible for 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 organization have
the effect of rendering this charter null, or
of exposing a stockholder to any liability |
beyond the amount of his stock. The |
stock Of this corporation is transferable |
only on the books Of same.
ARTICLE VII.
This act of incorporation may be amen |
ded, altered or modified or this corpora
tion Dissolved by vote Of two thirds of the |
shares Of the total amount of the stock, at |
q meeting held for that purpose after ten |
days notice in writing mailed to the ad- |
dress Of each stockholder and at least one |
advertisement in the official newspaper of |
Iberia Parish.
ARTICLE VIII.
At the expiration Of this Charter, or if1
sooner dissolved, the affairs Of this cor
poration shall be liquidated by the Board |
Of Directors, who are hereby vested with |
full power to cell any and all assets Of the |
and to convey full and COM
plete title thereto and shall have the full |
power to do and perform all acts necessary |
and proper to fully and completely iqui-
date the affairs and distribute the pro-
ceeds, il any, among the stockholders in |
to the amount Of the stock held |
by each.
ARTICLE TX.
The following named persons shall con-