New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1902-04-05

The Secretary, or In his absence the Assistant
Secretary shall be the proper person upon whom
citation or other legal process shall be served
ARTICLE II.
Tho OBJ ects and pu rposea for which this corpo
ness to be carried on by IT, declared TO be the
following, to-wn
The purchase, manufacture aud sale OF Cypress
Timber, Lumber, Lathe or Shingles and purchase
and owning OF Timber and Timber Lands, and 70
generally manufacture all or any woods Into the
various products. "
The capitRl stock OF said corporation shall be
Forty Thousand 1900. OOl Dollars, divided
into and represented by ttOOD Four Hundred
Shares Of the sum Of One Hundred $500 OO)
cash at the time Of subscription. or tho same may
be issued at not less than par. In payment or OF
change for property or rights actually received o,
purchased by said corporation, or the same ma
DO issued, full paid, for money advanced. aud Tor
such other valuable considerations or services A.
the board Of Directors Of said corporation may
determine; provided, that no stock shall be In
sued until the consideration therefor has been re-
ceved by tho said corporation.
Any stockholder may sell, assign or transfer his
stock In this corporation. provided Thirty t3o)
or transfer the same DO given the Company and
the other stockholders thereof shall have the hrst
privilege Of purchasing the came, after which
thirty days notice tho said stock may be sold In
open market
The stock of said corporation may be trans
ferred under the above conditions, provided such
transfer thereof be made on the books OF said
Company, at It's ofice In Iberia Parish. and on
surrender Of the certificate therefor. No transfer
Of any fractional part Of n share shall be made.
This corporation shall commence doing business
stock shall have been subscribed for. The Board
Of Directors shall have the right To determine
how much stock shall be issued.
ARTICLE ~.
The corporate powers OF this company shall be
vested in and exercised by q board Of Three ~
directors, consisting OF the president, vice preei
dent, secretary and treasurer. Two r., OF said
board shall constitute quorum FOR the trAnsac.
tion of business and their decision shall be valid
corporate acts The following person. ,hsli con
stitutc the frst board OF directors: William II
Foster Who Who shall also DO vce president, Morri.
l.. Womack, Jr. who shall also be secretary and
treasurer.
Ger who is not a stock holder with the exception
of the Assistant Secretary. During the absence
Of the president the vice president shall act and
preside.
Said Board shall continue In Office until the
10th day Of January A. D., 1903, on which date
and thereafter annually, board Of directors shall
be elected, unless the same should be holiday,
when ITO election shall be held on sas n.Is IsS.
given by at least ten tlO) days continuous publ
cation smmedistely preceediug each election. In
one of the English newspapers OF the City q
appoins one more stock holders to preside at
snch election m commissioners. In event OF the
failurcof any commissioner 20 attend the presi
lent sl!.li sy appointments MI sns xscincy a Any
torstheday named for that purpose shall not dis
solve tie corporation, but the directors then In
Office j. well a. the oscers Of said company, shall
hold oyer until their SUCCESSORS are chosen
in such event the president shall cause another
elcctios to be held within thirty days, and shall
give notiee thereof ~ hereinbefore provided.
shall bS entitled 10 vote for each share Of stock
registered In his name. and may vote by proxy.
The election of directors shall be by ballot, and
the majority in amount Of votes cast, each
vote, shall elect the person or persons Tor whom
.shey have been cast
T; After each election the board Of directors shall
elect from their own number the officers Of said
Company
The Board OF directors shall have full power to
all vacancies In their number caused by death re-.
signation or otherwise, from among the stock
holders Of the corporation. Said Board shall have
full control Of the property Of this company, and
their dscrcsslon they see At, and that Is consist
ent with the objects OF this company. or the vel
The said board Ia further authorized 70 frame
and adopt such by laws, rules and regulations NJ
the affairs and business OF the corporation may
require. aud M II may deem necessary for the
conducting and management thereof provided
the same shall not conflict with this charter, or
with the laws Of this State. or of the United
States
The said board shall elect or appoint an assist.
ant secretary and such other Officers, agents, EN-
sary for the conducting Of the business Of the
poratioui fix their compensation, term OF service,
with the right TO dismiss them At said Boards
pleasure; and said board shall have the right 70
hx and determine the salaries Of the several ON
GERS herein provided for.
ARTICLE VI.
This charter may be changed modified or
amended, capital stock increased, or decreased,
or this corporation may be dissolved ut n general
meeting Of the stock holders convened for the
purpose, with the assent OF three fourths OF the
entire capital stock, whether present or repre-
Ten days prior notice Of such meeting shall be
given In any weekly English newspaper published
In csse Of dissolution Of Examinations Of this
corporation, either by Limitation OF It's charter or
from any cause, the liquidation Of Its AFFAIRS shall
from tie stock holders. with like assent, At \
meeting called for that purpose. ~ above vet
forth in this article.
Said commissioners shall remain In ONCE un.
I'll the affairs OF said corporation shall have
been fully liquIdated.
In case Of the death Of ono or more Of said com.
missioncrs. the ssevvors or survivor shall contin
ue TO act.
No stock holder Of thu. corporation shall ever be
held liable or responsible FOR the contracts or
faults thereof, IN any further sum than the IN
paid balance due the company on the shares q
any informality In organization have the effect Of
rendering this charter null. or Of exposing =
stock holder to any liability. beyond the unpaid
balance, II any, Of his stock.
Thus done and passed 1t my once In Now
iberia. iberia Parish, Louisiana, on the day
month and year herein hrst above written, In the
competent witnesses. who hereunso kign their
names with said parties and me, Notary after
due reading OF the whole.
nv :. wnWAEH IN