The weekly Iberian. (New Iberia, La.) 1894-1946, 1902-02-22
CHARTER.
SATTERFIEhD GIN COMPANY,
LIMITED.
limited STATES OF AMERICA
State Of Louisiana, Parish Of
IBERIA.

State Of Louisiana duly commissioned
and qualified and in the presence o.
the witnesses hereinafter named anu
undersigned, personally came and APP
peared the several persons whose
names are hereto SUBSIDIZED, who de-
clared that availing 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 andFobh-
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 /.
The name and title Of said corpora
ton sha1.be;SatterfieldsG Gin CompanFv
Limited. It shall exist for the full
term and period of Ninety nine l09)
years from the date hereof, and under
its corporate name it shalt Rave power
and authority to purchase, sell. mort
gage and pledge movable and immor.
able property real and personal pro-
perry necessary or convenient for its
business, and generally to perform
acts pertaining tororrequisite for the
purpose for which this corporation y
organized, and for the proper manaee.
meDt of its affairs,
ARTIcLEIt.
The domicile of said corporation
shall be..in.a the. City Of New. lheria,.
Parish of iberia. State Of Louisiana,
and all citation or other legal process
shall be served on the president, and,
in his absence onithe vice-presidept.g
ARTICLE III. 2
The objects and purposes Tor which,
the said corporation is organized and
the nature of the business is to be ear
ried on by it are declared to be the
buying, selling and ginning Of cotton
and the manufacturing ofits products
also the buying, selling and milling
of corn, and other agricultural proc.
ducts, and 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 outof the pur-
pose above mentioned,
ARTICLE Nv.
The capital stock of said corporation
shall be One Hundred thousand
Dollars ($l6a, 600; divided into.aad re,
presented by One Thousand Shares Of
500. each which shall be paid at such
time and under such regulations as the
Board of Directors may determine, or
it may be ikued at no, less than par in.
payment ofproperty purchased by or
for labor and services rende red said
corporation, wfIch shall not begin.
business until Five Thousand 5000. OF
Dallars $50 shares) of the capital stock
shall have. been subscribed.
ARTICLE
All the corporate powers of said cor
porat;on shall be vested in an exer-
cised by board of directors composed
of three stockholders TO be elected
annually on April lst after A, D.
l9e2; 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 hims
Notice of such election shall be given
by ten (l0ls days continuous spublica-
ten Immediately proceeding such cleo;
tion in one Of the weekly newspapers
published In She town of New Iberia.
La, ..s.
At their first meeting after the elec-
ton OF the board Of directors they
shall elect from its own number a
president, "vic-president.'. treas
urer and secretary" -
Until the FIRST election on the LIST Of
April, A. D. 19OS.
THE FOLLOWING. sTOCKHOLD.
ERs ARE CONSTITUTED THE
=
Board Of Directors, to witt, VIM. E.
Satterfield, G. Cliff Laughlin and I.
Norwood Satterfield.
The Beard Of Directors. shall make
and adopt sach bv-laws .as may be
necessary for the proper management
and regulation Of the affairs and buai.
ness of the said. cooperation, and 10
amend and alter the same at pleasure,
and shah apposnt~ all agents,s mama
gers. clerks etc. as they may deem
proper, define their powers and duties
and fix their compensation.
All officers and directors shall re-
main in Office until their successors
shall haze been elected and. qualified,
and the Beard Of. Directors shall Eli
all vacancies occurring among their
own number an among the officers.
All contracts, obligations and. checks
of the saidcorporation shall be signed
hy fwn Officers N he das;~nofnl ~