New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1902-03-22

hereby declared to be as follows, to-wIt
To build or eXcavate canals or water ways
for draining or irriyating lands to be plant
ed and cultivated in rice or other crops.
To erect and operate pumping station to
supply such canals with the necessary
water for irrigatiDg purposes and TO buy
and operate harvesting and threshlng ma
chinery, and shall for such purposes have
full power to purchase and own, or lease,
real estate. machinery necessary and con
yenient to cary on said business, to
pledge or mortgage sell or exchange same,
to fix taliff or rate of charges for drain
ing or irrigating lands, thrashing and har-
vesting rice, and generally, to make and
enter into any and all contracts in relation
to said business that may become neces-
sary.
ARTICLE ".
This corporation may sue and be sued in
its corporate name, hold, have, receive,
purchase, convey sell, mortgage, hypo-
thecate, pledge, lease and sub-lease and
enjoy real and personal property also
borrow money and make contracts, receive
grants of land and personal property, and
make and use Il corporate seal, the same
to alter and break at pleasure; name and
appoint such managers, directors, officers,
clerks and agents as the interest and con
venence of said corporation may require );
make and establish such bylaws, rules
and regulations for the proper management
and regulation of the affairs of the corpora
ton as NAV be necessary, and the same to
alter and change at pleasure, and shall
possess all the rights, powers and prlvlie!
geS to which corporations are or may be:
by any general law or laws Of this state
authorized or entitled to possess.
ARTICLE V.
The capital OF tins corporation is hereby
fixed at the sum of Twenty Thousand Doli
lars $500, 100000 represented by Tive
Hundred (200) shares of One Hundred
Dollars ($l00.00) each. All stock sub;
scribed for shall be payable in cash OF
property, real and personal, on such terms
and conditions as the Board of Directors
may at any time determine. All transfers
of stock shall be made on the books of the
company, and shall be signed by the stock.
holder OF his attorney.
The corporation shall commence bust
ness as soon as One Hundred (l00) shares
of the stock shall have been subscribed for.
At all elections BY or meetings of the
stockholders each share of the stock shall
be entitled to one vote, to be voted either
Nv the person III WHDst HtIlt INC SIoNh hp
pears on the books of the corporation az
the time of the voting, or his agent or
proxy duly authorized in writing to that
effect.
ARTICLE VI.
The said corporation shall be managed
bv a Board of five 90 Directors who shall
be citizens of this state and actual stock
holders of said corporation owning III his
name or the firm or corporation whereof
he is a member, or an authorized agent of
said firm, not less than two shares of stock,
said board to be elected by a majority of
all the votes at meeting to be held for
that purpose on the first Monday of January
of each year, after fifteen days prior notice
of said election having been published In
a weekly New Iberia paper. The directors
thus elected shall serve for one year or
until their successors shall have been
elected and qualified.
All elections shall be conducted under
the supervision of three members to be ap-
pointed by the Board of Directors for that
purpose, and in case of any one of SAID
commissioners of election declining or
failing to act, the President shall appoint
another to fill the place. The said Board
of Directors shall elect from their number
a President, Vice-President, Secretary
and Treasurer who shall serve until their
successors are elected ard qualified.
The Board of Directors shall have power
to fill vacancies occurring in the Board.
They shall make such bylaws, rules and
regulations as they think proper for the
transaction of the business and affairs OF
the said corporation, and change, alter
and amend same at pleasure, appoint and
fix the salaries of all officers, clerks and
employees, the same to change or dismiss
at pleasure, sell, convey. mortgage, pledge,
lease and purchase property movable, I'M
movable and personal, borrow money,
issue notes and bonds, make contracts
and sign or cause to bes signed all neces-
sary acts, deeds, ETC., and do all necessary
things to be done in the management of
said business or may. be permitted by
laws applicable to corporations.
Three members of said Board including
the President or Vice-Presdent shall con-
stitute quorum for the transQutra and
management of all business of said cor
poration.
ARTICLE VII.
This act of incorporation may be chang
ed, modified or altered OF said corporation
NAV be dissolved at special meeting of
the stockholders convened for that purpose,
after fifteen days prior publication in a
weekly newspaper published in the City
of New Iberia with the assent of three
fourths of the capital stock of said cor
poration.
ARTICLE VIII.
No stakeholder shall ever be held liable
or responsible for the contracts or faults
of said corporation i'm any further sum
than the balance due:by him on subscrip-
ton to the capital stock nor shall any
mere informality in organization have the
effect of rendering THIS charter null or OF
exposing stockholder.to a any further liza
bility than the unpaid balance due by him
on said stock.
ARTICLE TX.
The following named persons shall con
stitute the first Board of Directors to serve
until the first Monday of January, 1903 :
Messrs S. o. Nuckolls, J. Paul Suberbielle,
Thomas w. Muller, Henry Mestayer and
James w. Wyche. The officers of said
corporation shall be composed of Thomas
W. Muller, President James w. Wyche,
Vice President; Samuel o. Nuckolls, Treas
urer and Secretary.
ARTICLE X.
This corporation shall be liquidated at
the end of it's term, or at its earlier dis
! solution, provided that three-fourths' OF the
capital stock shall have agreed thereto at
a meeting called for that purpose by three
commissioners appointed by the Board 3f
Directors at a regular meeting OF said
Board, said commissioners shall be stock
holders of said corporation and their corn
pensation as llquidators shall be fixed lily
the Board on the day of their appointment.
Said commissioners shall continue to act
until the business of the corporation shall
be entirely closed and liquidated, and in the
event of the death of either OF two of them,
then the survivors, or survivor alone, shall
act.
Thus done and passed at my Office in the
City of New Iberia, Parish of Iberia, State
of Louisiana, on the day, month and year
first above written in the presence of
Messrs. Junius H. White and Homer Dupre
good and competent witnesses residing in
this parish and city who have signed these
presents with the parties and me, notary,
after due reading of the whole. Six words
Iberia) interlined before signing.
T. w. MULLER,
S. o. NUCKOLLS,
4 JAS. w. WYCHE,
j. P. SUBERBIELLE,
| IJENDV NFECnA WE'D