New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1903-06-13

,,,onor mapapement and expedition OF
+. affairs as in the judgment OF the
Roard of Directors may be necessary ana
proper.
ARTICLE II.
Tho aomicile of the said corporation
shall he the Parish Of iberia, state OF
,onis;ana. 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 tho corporate powers OF the sa'd cor
noration shall be vested in ana exefclsea
by Board OF Directors composed OF hve
(ho Stockholders, to be elected annually
npon the first Monday of March, the hrst
election to be held in the year l9oo. All
suoh elections shall be by ballot and con
ducted at the Office OF the corporation,
under superyision Of two Commissioners
nppoin,ed by the President for that pnr
nose. Of which election ten days prior
notice shall have been given by the Secre
tary 70 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
untitled to one vote, to be cast either ny
the owner in person or ~ 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
specified shall not dissolve the corporation,
bnt the Board OF Directors shall continue
to hold their ONCE until their successors
shall have been elected. Three Directors
shall constitute quorum for the transac'
ton of any business. Any Director an
sent from this State may appoint, under
writing. another Stakeholder to act as
his proxy on said Board, and to exercise Tor
the time being all the powers 81 sucn apsen.
Director. Vacancies occurring IN saia
Board from any cause whatsoever snah
be filed by the remaining Directors:
The said Board Of Directors shall make gu
BYLAWS. Rules and Regulations for the
government OF the business and affairs OF
the Company, and alter amend and chn'ige
the same at pleasure. They shall niso
have full power to buy, sell, mortgage,
expropriate and pledge any and all prop
erty. real and personal, whenever IN their
Judgment they may deem such acts Deces-
sary and proper to hire, employ ana dis.
charge oil officers, agents, employees and
clerks: to fix oil salaries and compensa-
lions. and generally to do all things neces-
sarv in and for the transaction OF tho
busiuesss and affairs Of said Company.
ARTICLE Nv. !.
The objects and purposes OF this Coms
pany are hereby declared to DO to pur.
chase. work and develop lands, and to
purchase, own, open, operate and work
mines Tor salt, sulphur, deposits OF oil, and
snv and ali 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.
ducts Of minerals to own, build aud
operate all means OF transportation ana
pipe lines required or necessary or proper
for the operation Of the mines or for the
manufacture and sale OF the products or
bv. products OF salt, oil, sulphur or other
minerals !; to buy, bnild, md own steam
hoets or other watercraft necessary or
nroner Tor the conduct Of the business OF
the Company to build, equip, operate
Ana maintain such lines Of tramway and
railway. operated by steam, electricity
or other power, - may be necessary y
propey. in the judgment OF the Board OF
lD1fACtOf0. LUZ tu0 YtVut0UAo HAsA suiS ~"
duet Of the business OF the Company TO
build. equip, operate and maintain cleo
THO telegraph, telephone, light and power
lines. or such other appurtcnances az may
Sc necessary or proper Tor the conduct Of
The business OF the Company; to estab.
iish manufactures Of the by.products Of
the mines and for refining oil, and to make
and vend any and all such by-prodncts as
NAV be produced by the mining operations;
and to undertake and carry on the buying
and selling OF any merchandise or prop
erty in the aid OF their mining md manu-
featuring operations to acquire by pur-
chase, own, lease, or acquire BY license,
aud to use any and all patent rights, copy
rights and patents OF inventions used or to
be used In the mining or developments Of
sulphur, salt or oil deposits, or in any
other mining operations, or in the manu-
facture and sale Of the by-prodncts Of such
oil wells, mines or mining operations.
ARTICLE v.
The capital stock OF this corporation
il fixed at Fifty-fiye Tbonsand Dollars
f166. 900. 90 divided into Five Hundred and
Fifty 6hares, (560), Of the par value Of
One Hundred Dollars (9lO0) per share.
The certificates Of shares Of the capital