The weekly Iberian. (New Iberia, La.) 1894-1946, 1902-02-15
CHARTER.
OF
SATTERFIELD GIN COMPANY,
LIMITED.
UNITED STATES OF AMERICA
State of Louisiana, Parish OF
IBERIA.

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 APP
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 we'll as such per.
sons as may become associated with
them aud 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 shallIbc..Satterfield 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.
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
ment 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
shalt be served on the president, and,
in his absence on the vice-president.
ARTICLE III.
The objects and purposes tor which
the said corporation IN organized and
the nature Of the business is to be car
ried on by 1t are declared to be the
buying, selling and ginning of cotton
and the manufacturing of its products.
also the buying, selling and milling
of corn, and. other agricultural pro-
ducts, ana all works kindred to these
undertakings. and for said purposes
to lease and hold real estate, erect
suitable buildings thereon and equip
them with all necessary machinery,
and generally to do all that may be re-
quisite for the CARRYING ont Of the pur-
pose above mentioned,
ARTICLE Nv.
The capital stock of said corporation
shall be One Hundred Thousand
Dollars ($l00, 900, divided into and re-
presented by One Thousand Shares Of
500, each which shall be paid at such
time and under such regulations az the
Board of Directors may determine, or
1t may be les ued at no less than par in
payment Of property purchased by or
for labor and services rend red said
corporation, which shall not begin
business until Five Thousand $4,000, 0l)
Da:lars $50 shares) Of the capital stock
shall have been subscribed.
ARTICLE Y.
All the corporate powers of said cor
porat;on shall be vested In an exer-
ciseA by board Of directors composed
Of three stockholders, to be elected
annually on April LIST after A, d,
l90Q; the election shall 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
by ten tlO) days continuous publica-
tion Immediately preceding such cleo
ton ID one ofthe weekly newspapers
publishedin the town of New Iberia,
La,
At their first meeting after the cleo
ton OF the board of directors they
shall elect from its own number q
president, > "vic-president.' treas
urer and secretary
Until the selection on tile LIST of
April, A. D. 1908.
THR FOLLOWING sToCKHOLD.
ERS ARE CONSTITUTED THE
Board Of Directors, to wit: VIM. E.
Satterfeld, G. Cliff Laughlin and /.
Norwood Satterfield.
The Board of Directors shall make
and adopt such bv.laws Is may be
necessary for the proper management
and regulation of the affairs and busi-
ness Of the sald corporation, and to
amend and alter the same at Measure.
and shail appoint all agentd mama
gers, clerks etc. as they may deem
proper. define their powers and duties
and fix their compensation.
All officers and directors si1alI 70.
main in Office until their successors
shall have been elected and qualified,
and the Board of Directors shall Gll
all vacancies occurring amepg their
own number an among the officers.
All contracts, obligations and cheeks
Of the said corporation shall be siened
II two officers 20 be DESIGNATED bv