The weekly Iberian. (New Iberia, La.) 1894-1946, 1902-01-11
CHARTER.
OF
SATTERFIELD GIN COMPANY
LIMITED.
UNITED STATES OF AMEKlCa
State of Louisiana, Parish OF
iberia.

State of Louisiana duly Commissioners
and qualified and in the presence 0,
the witnesses hereinafter named ana
undersigned, personally came and ap-
peared the several persons whose
names are hereto subscribed, who de-
clared that awaiting themselves OF the
provisions of the laws of this State re-
lative to the organization OF corpora
tons they have agreed, and by these
,resents do agree and bind and obi
pate themselves as well as such per-
sons as may become associated Win
them and their successors, DO form
and constitute a 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-wlt:
ARTICLE 1.
The name and title of said corpora
ton shall. be.satterfeld Gin Company,
Limited. 1t shall exist for the full
term and period of Ninety nine 1891
years from the date hereof, and under
its corporate name it shall Rave power
and authority to purchase, sell, mort
gage and pledge movable and immov-
able property real and personal pro-
perry necessary or convenient for its
business, and generally to perform
acts pertaining to or requisite for the
purpose for which this corporation is
organized, and for the proper manage
ment of its affairs.
ARTICLE II.
The domicile Of said corporation
shall be in the City of New Iberia,
Perish of Iberia. State of Louisiana,
and all citation or ether legal process
shall be served on the president, and,
in his absence on the vice-president.
ARTICLE Ill.
The objects and purposes tor which
the said corporation is organized and
the nature of the business is to be car
ried on by it are declared to be the
buying, selling and ginning of cotton
and the manufacturing of its products
also the buying, selling and milling
of corn, and other agricultural pro.
ducts, and all works kindred to these
undertakings. and for said purposes
to lease and hold real estate, cree
suitable buildings thereon and equip
them with all necessary machinery
and generally to do all that may be re
quisite for the carrying out Of the pur
pose above mentioned.
ARTICLE ".
The capital stock of said corporation
shall be One Hundred Thousand
Dollars 100000, divided into and re
presented by One Thousand Shares o
800. each which shall be paid at sucl
time and under such regulations as tn
Board of Directors may dete rhine. o
it may be iss ued at no less than par il
payment of property purchased by o
for labor and services rendered sale
corporation, which shall not begi
business until Five Thousand $4,000, 90
Dal1ars 600 shares) Of the capital stoc
shall have been subscribed.
ARTICLE Y.
All the corporate powers of said col
porat:on shall be vested in an exel
cised by board Of directors compose
of three stockholders. to be electe
annually on April 1st after A, /
lgo2; the election shall be by BALI
and each person shall be entitled
person or by proxy to one vote fl
every share of stock held by hir
Notice of such election shalt be give
by ten (l01 days continuous public
ton Immediately proceeding such e1e
ton in one of the weekly newspape
published in the town of New Iberi
La,
AT their first meeting after the ele
ton OF the board of directors tn,
shall elect from its own number
."presidept, y "vlc-president,' . trea
urer and secretary
Until the first election on the lst
April, A. D. 1908.
THE FOLLOWING STOCKHOL
Frs ARE CONSTITUTED Tt
Board of Directors, to wit: VIM.
Satterfeld. G. Cliff Laughlin and
Norwood Satterfeld.
The Board Of Directors shall ma
and adopt such bylaws as may
necessary for the proper managemt
and regulation of the affairs and bu
ness of the said corporation, and
amend and alter the same at pleasu
and shall appoint all agents, mai
gers, clerks etc. as they may de-
proper, define their powers and dut
and fix their compensation.
All officers and directors shall
main in Office until their success
shall have been elected and qualifi
aud the Board of Directors shall
all vacancies occurring among tn
own number an among the officers.
All contracts, obligations and chez
ofthe said corporation shall be sigr
By two officers 30 be designated