New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1902-03-15

To build or pycavate canals or water ways
for draining or irrgating lands to be plant
cd and cultivated in rice or other crops,
To erect and operate pumping station to
supply such canals with the necessary
water for irrigating purposes ana 10 buy
and operate harvesting and threshlng ma
cbinerv. and shall for such purposes have
full power to purchase and own, or lease,
real estate, machinery necessary ana con
yenient to cary on said business, to
nledpe or mort gage. sell or exchange same.
TO fix ta,iff or rate of charges Tor dlaln-
ing or irrigating lands, thrashing and har-
yesting rice and generally, to make and
enter into any and all contracts i'll relation
TO said business that may become neces-
sary.
ARTICLE ".
This corporation may sue and be sued III
it's corporate name. hold. have, receive,
purchase. convey, sell, mortgage, hypo-
tbecate. pledge, lease and suitcase and
enjoy real and personal property; also
borrow money and make contracts, receive
grants of land and personal property, and
make and use corporate seal, the same
to alter and break at pleasure name and
appoint such managers, dllectors, oihcerS,
clerks and agents as the interest and con
venience 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 pnvlle-
yes to which corporations are or may be
bv any general law or laws of this state
authorized or entitled to possess.
ARTICLE Y.
The capital OF thus corporation is hereby
fixed at the sum Of Twenty Thousand Dol
lars $3.50, 900 00) represented by Two
Hundred (200) shares of One Hundred
Dollars $500 00) each. All stock sub
scribed for shall be payable in cash or
property. real and personal, on such terms
and conditions as the Board of Directors
nav 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 (lO0) shares
of the stock shall have been subscribed foE.
At all elections by, or meetings OF the
stockholders, each share of the stock shall
be entitled to one vote, to be voted either
by the person in whose name the stock APP
pears on the books of the corporation at
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
by Board of five 90 Directors who shall
be citizens of this state and actual stock
holders of said corporation owning in 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 a 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
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 OF
failing to act, the President shall appoint
another to fill the place. The said Board
of Directors shall elect from their number
a President, a Vice-President, Secretary
and Treasurer who shall serve until theft
successors are elected and qualified.
The Board of Directors shall have power
to fill vacancies occurring i'll the Board:
They shall make such bylaws, rules anG
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 OF 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 be signed all neces1
sary acts, deeds, etc, and do all necessary
things to be done in the management OF
Ia'" applicable upsI"sss + taAc lions. =
Three membeis<eR Board including
the President or Vice President shall con-
stitute quorum for the transaction and
management of all business of said cor
poratiOn.
ARTICLE VII.
This act of incorporation may be chang
ed, modified or altered or said corporation
may 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 in any further sum
than the balance due by him OH subscrip-
ton to the capital stock nor shall any
mere informality in organization have the
effect of rendering this charter null or OF
exposing stakeholder to any further LA
bility than the unpaid balance due by him
on said stock.
ARTICLE IN.
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. Wycbe,
Vice President; Samuel O. Nuckolls, Treas,
urer and Secretary.
ARTICLE X
This corporation shall be liquidated at
the end of its term, or mt its earlier dis
solution, provided that three-fonrths of the
capital stock shall have agreed thereto at
a meeting called for that purpose by three
commissioners appointed by the Board OF
Directors at regular meeting OF said
Board, said commissioners shall be stock
holders of said corporation and their com
pensation as liquidators shall be fixed by
the Board on the day of their appointment.
Said commissioners shall continue to act
until the business of the corporation shall
be entirely closed aud liquidated, and in the
event of the death of either or two of them,
then the survivors, or survivor alone, shall
act
Thus done and passed ut 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 II. 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
Uberia) interlined before signing.
T.W. MULLER,
S. o. NUCKOLLS,
yyxyrrIu,