New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1903-06-06

proper management and expedition of
its affairs rs in the judgment of the
Board of Directors may be necessary and
proper.
ARTICLE II.
The domicile of the said corporation
shall be the Parish of Iberia. State of
Louisiana. All citations and other legal
processes shall be served upon the Presi-
dent. or. in case of his absence, upon the
Sscretery of said Company.
ARTICLE III.
All the corporate powers Of the said cor
noratiou shall be vested in and exercised
by n Board Of Directors composed of five
(5) Stockholders, to be elected annually
upon the first Monday of March, the first
election to be held in the year 1908. All
such elections shall be by ballot. and con
Quoted at the office of the corporation
under supervision of two Commissioners
appointed by the President for that pur-
pose. of which election ten days prior
notice shall have been given by the Seere-
tary to each Stakeholder, by notice sent
him by mail or otherwise, and directed
to his last known domicile or place OF
business. Each share OF stock shall be
entitled to one vote, to be cast either by
the owner in person or by written proxy,
The Directors thus elected shall
serve and continue in Office until their
successors shall have been elected.
failure to elect Directors on the date above
apeci6ed shall not dissolve the corporation.
but the Board OF Directors shall continue
to hold their Office until their successors
shall have been elected. Three Directors
shall constitute quorum for the transac-
ton of any business. Any Director abb
sent from this State may appoint, under
writing, another Stakeholder to act MS
his proxy on said Board, and to exercise for
the time being all tho powers OF such absent
Director. Vacancies occurring in SAID
Board from any cause whatsoever shall
be filed by the remaining Directors.
The said Board Of Directors shall make all
Bylaws, Rules and Regulations for the
government OF the business and affairs OF
the Company, and alter, amend and change
the Same at pleasure. They shall also
have full power to buy, sell, mortgage,
appropriate and pledge any and all prop
erty, real aud personal, whenever In their
Judgment they may deem such acts neces-
sary and proper to hire, employ and dis.
charge oil officers, agents, employees and
clerks TO fix all salaries and compensa-
tons, and generally to do all things neces-
sary in and for the transaction of the
businesss and affairs Of said Company.
ARTICLE Nv.
The objects and purposes Of this Com.
pany are hereby declared to be to pur-
chase, work and develop lands, and to
purchase, own, open, operate and work
mines for salt, sulphur, deposits of oil, and
any and all minerals in the state OF Louisi-
ana, and especially on Cote Blanche Isl
and, in this State, or elsewhere In the
United States that may be deemed neces-
sary TO manufacture and vend agricultural
products, salt, sulphur, oil and other pro-
duets of minerals to own, build and
operate all means OF transportation and
pipe lines required or necessary or proper
for the operation Of the mines or for the
manufacture and sale Of the products or
by-products Of salt, oil, sulphur or other
minerals to buy, build, and own steam
boats or other watercraft necessary or
proper tor the conduct of the business OF
the Company to build, equip, operate
and maintain such lines of trnmway and
railway, operated by steam, electricity
or other power, a. may be necessary Or
proper, In the judgment OF the Board Of
Directors, for the profitable and safe con-
duct Of the business Of the Company to
build, equip, operate and maintain cleo
trio telegraph, telephone, light and power
lines, or such other appurtcnances as may
be necessary or proper for the conduct Of
the business Of the Company; to estab.
lish manufactures Of the by-products Of
the mines and for refining oil, and to make
and vend any and all such by-prodncts as
may be produced BY the mining opcrations;
and to undertake and carry ON the buying
and selling Of any merchandise or prop
erty Ia the aid Of their mining and manu-
featuring operations to acquire by pnr-
chase, own, lease, or acquire by license,
and to use any and eli patent rights, copy
rights and patents ofinventions used or to
be- used 10 the mining or developments Of
sulphur, salt or oil deposits, or in any
other mining operations, or in the manu-
facturs and sale Of the by-products Of such
oil wells, mines or mining operations.
ARTICLE
The capital stock OF this corporation
ID fixed at Fifty-fve Thousand Dollars
1855. OOO. 90 divided into Five Hundred and
fifty Shares, $500, Of the par value Of
One Hundred Dollars (4lO0) per share.
The certificates Of shares Of the capital