New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1902-03-22
CHARTER q
The SattarfieId Conn L10'


-g,--,,.--,,, parI-b or Tia.
stat "i .i'H'>','' r.. Sa5 da January
ft u hh'H" ''.''I Wv ia W RAJ Notary
Public duly commissioned and nar
for The Parish of Iberia State OF ,I,
soualIv appeared the persons WHO ,barn
pear subscribed no declared that M ~
selves of the provisions OF the nrnars
this State relative to the organlzat 80 70 he
tions they have COvenanted ana "81 - fnrn
these presents covenant and hgr4hu,
and constitute themselves Is well :. NJ LII
AS may hereafter Join or become ~
them into a corporation ana Doc - -
for the objects and purposes and Inc
ments and stipulationS Following
ARTICLE I.
The name and title of this corp3GTm ga -,
THE SATTERFIELD tOMPANf 81 I'll ~
under that name it shall ha ahYo' a..
rights and privileges granted ny ~, -
ions. il shall exist for period ~ teaiS
unless sooner dissolved by con5eH3 tile a'och ,
holders; it shall have power 10 c04tl' - o.
he sued in its corporate name tef GU
rorporatp seal; to hold, rtcelNtPi's =!
pothecate pledge property bH a o. 20 -,
sonal issue bonds, notes ana otisf saSions "
have and employ such managers ID 10 VI
uud other agents and other emp5f as inc III
forests and convenience OF SalG qPiati't it''
renuire and t. make and eStaola laws itlo3
and regulation for the proper Sseinent anu
control of the affairs OF sald catA'loi' ~ may
be necessary and cxpedlent:
ARTICLE LII
The domiclle of said corporaNtlall pe AZ 'tte
Citv of New IBERIA, Parish OF III IN thla otate,
and all citations and other lega teSs Snail NC
served on the President. ana ~ ao'tH'o N"r
Vice President and in the abs adj p"tA upon
the Secretary and Treasurer ofa%t "hlPauE
ARTICLE LII
The object and purpose of Evaporation ana
the nature of the business to bskled On u! ~
are hereby declared to he to n u anu sen io'
its own account or on CON my airy Boous'
merchandise. groceries, prov SD hu other com
uoditipS generally.
'''''''''e' 7'''S' ARTICLE wi
The capital stock of this corHbon Is hereby
fixed at Nine Thousand t$aeoo1 Dollars,
divided into Ninety shares of &dundred Dol.
lars each which said amouni4le par value OF
| each share which shall be paldt1h cash Wheu
| subscribed for or its equlvalsS Soods OF met-
| chandise as the Board of Din& may direct.
which capital stock may be tasea 10 sum
not exceeding Fifteen Thousaa9 lars by vote
/ of two-thirds of the stock presa5r represented
| at a meeting called speclal!yHal purpose IN
| the manner pointed out by laEETihg the period
/ between the call for the meetl&d the meeting
/ the persons holding stock at acme shali nave
/ the right to take shares Of tidltlohai or III,
| creased stock proportonateGhe number OF
shares owned by them resEely ana any
/ shares not taken at the eNpla OF saiu period
/ NAV be disposed of by the Bop directors Tor
the benefit OF the corporationPt less th&n par
valua. ALI shares of stock shi1 full paid and
! n.asSesshble. no transfer 81 * shaIl De plhu'
/ ing upon the Company un l&ecorueu on us
books and made in pursuance IT'S Charter ana
BYLAWS None of the stockl rs SHAH have the
righr to transfer or assign al Ithe shares held
hy INV ~ the,n without hy II first offered the
same to the Board of DirectG1 hlch snail nave
the right to purchase then mn Sixty days
thereof at their book Vault SHOWN by the
stock taken last preceding tn hsfer. Inc SAID
| Roard shall also have the rid calling in and
acquiring any of the outstadU shares at their
book value upon giving thirtBs written notice
| 10 ,ba stock holders whose shyr shares it is the
intention of said associatiA so retire All
shares purchased by the Clnny NAV be re.
iSsuad Nv II Mt not less tlkheir OAR value
fTbere shall he written or 4ted across each
1 certiticate of stock lthose ii are issued and
Sb,u he subiect 10 M chartXd bylaws of the
cnrnoration1
''' ARr,JC,EI
All cornorate mowers of thbmpsny and the
manaoement and control of business shall be
xnste3 in and exercised Inv alard of Directors
comnosad of Three IA stochers, which mum
So' ~ - ;.na.s.S 70 M il vote Of the ma
ioritv Of shares nresent orbresented at any
cou ard snacial meeting khe Stockholders
t"i' aGu spo'I .ha stsoIdars shau con.
stitnte a ouorum for tHransaction of all
ils;,os ratha n;raotorS silhe elected ANN.
ally by ballo. oy ths h On
u"y " opiuais "a 60 H. wr;tton nrnyy
20 a ,ota for evarv sb.ra oftk owned by him
VI U aIaot;ons hall n. bInnder such rule,
anu al oiI .i A iItnrrni,.J hy ,ha
Rnard &c D;rectors The ID OF Directors thus
alonted sbau serve for Onl) wear and until
anelr successors fs; snn 20 be regarded as
y sarsait,ra ~ ito Charterhy vacancy occur.
lol ;t 90 oa ,.I Ill Ia Il Nv tho rsmaniny
Riaa.nrs To-, tha nnaxn;rskm The BOARD ~
DirectorS shall at its t;rst King after its elec.
directors siai a. = ~ y hrs. r. IoOa nom;n.
a.o an W W.. w re nrmher q PRINT Vice President
a's omo . ~. "a. on Nv q TraasrrJ
secretary ana ireasuI1 A., ...;ou.
S sa,i no , a. tha rr..aI md 10 .nnojnt ons
OF Secretary ana tne lrea1 anu ~ atPoihs I'M, onS
ofhcer therefor. me bI Vi nl.ec.ofs ; sna
have power ana authorlty kppoln. Hr uiss .hs.
the clerks, managers ah2ner einpioyees 'n"s
may De aee i V necess" Sa neo;rs hns;nsss
conuuct anu in &c iafS sn norn In "''
any ih.efes.s ~ sa.u uo t.. IN. r;,bt 10 an.
any vi Inc iIee,o $1,000 81 ,n.hnr n?ra.tor %
Poiht py wri..e w.. =, rhS; 81 .tnE INV and ali mset
his proxy to act III ms step any anu MI "ee'
ings of the Board OF DireE
AhIiCYl. p.,
Untillthe election to De OH nrst o, repIuay
1908 the following name9sons s.aalv y Sat
terrified, L. Norwood Sat9ld; o1nn Ssnase'
and the saiu w z; s,ss0 - ps.s;aer. Inhn
sald /. N oatIernelu shal Ronnss',uon SsSra
L. oahoige' treasurer any D''"o"o'f ''0''e