New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1903-07-11

and agree and bind themselves, as well a
all such persons as may hereafter be come
associated with them, to form corpora
ton for the objects and purposes and un
der the articles and stipulations following
to- wit:
ARTICLE l.
The name OF said corporation shall bt
avery Planting and Improvement Com
pany", and under its said corporate name
il shall have power and authority to have
and enjoy succession for the full term ant
period of Ninety nine years from the date
hereof; to contract, sue and be sued; e
make and use . corporate seal, and tn
same to break or alter ut pleasure to hold
receive, lease, purchase, and convey, q
we'll 40 mortgage, pledge and hypothesste
property, real, personal and mixed, cor
psreal, and incorporeal to name and ap
point such managers, agents, directors
and officers as it's business interest and
conveyance may require, and to make and
establish, as well a. alter and amend from
time to time, such bylaws, rules and regu'
lations for the proper government OF the
affairs OF said corporation 40 may be
necessary and proper.
ARTICLE IL.
The domicile of said corporation shall be
in the Parish Of Iberia, State OF Louisiana
and al citation and oil legal process shall
be served upon the President OF said cor
poration, or in the event Of his absence,
upon the Vice. President thereof, and In
the absence Of both of said ohicsrs, upon
the secretary Of said corporation.
ApTTCT n TIT
The objects and purposes for which this
corporation is established, and the nature
Of the business to be carried on by 1t, are
hereby declared and specified to be: To
purchase and own real estate In the State
Of louisiana, and particularly the prop
srty known as Avery's Island In the Par
ish Of Iberia, and to develop IL all ways
the agricultural, mining and manufac-
turing possibilities Of the Same, and to
this end to engage in the business Of plant
ing cane or other agricultural products,
manufacturing sugar, syrup, brick and
other, articles, opening and working mines
of oil sorts. and in general to conduct such
other business and enterprises as may BE-
german to the general purposes herein
shove declared.
ARTICLE Nv.
The capital stock Of said corporation IL
hereby fixed at the sum Of Ono hundred
thousand dollars, 10 be divided into and
represented by One thousand shares Of
stock ofths sum Of One hundred dollars
each. Said stock shall be paid form cash q
such time, in such amouats, and after
such notices to the Subscribers % may be
fixed by the Board OF Directors, or the
same may b issued for labor done. SER
vices rendered or money or property ac-
tually received or purchased BY the said
upon such terms and In such
lmeuntv and at such times % may be
BY the Board Of Directors.
ARTICLE v.
All the corporate powers Of said corpora
ION shall be vested In and exercised BY D
Board Of Directors to be composed Of Ave
persons, who seed not be stockholders, to
bs elected annuslly on the 18th day Of
March OF each year, except the Arst Board
II Directors appointed 10 this charter, who
hail hold their Offices until the 18th day
II March 1908, Or until their successors
ire elected and qualified.
All such elections for directors shall be
y ballot and conducted ct the o63ce Of
aid corporation usder the supervision Of
NO commissioners to be appointed by the
Board OF Directors.
Notice OF such election shall BE- given
lot less than ten days prior to such slss-
ion by written or printed notice to BE-
nailed to each stockkholdss ct bis usual |
lace Of residence.
Every stakeholder shall be entitled TO
no vote for each share Of stock standing
= his name 0nths books Of the Company, |
. be cast either In person or BY proxy. |
nd majority Of the votes cast shall |
lect.
Any vacancy occurring among the dreci-
ors BY death, resignation o. otherwise, shall |
. filed By election for the remainder Oft |
Drm OF the board Of directors.
A failure to elect . bosrd on the |
ate above specified shall not dis
'lve the eorporation, bat the directors
len In ofiics shall remain IN ohacC until
aeir successors are elected and qualified.
I'd shall ceuse another election 70 Be
bid NJ soon - possible thereafter, after
Dtice shall have been given - shove pro-
died.
Each director shall be entitled 70 yotat
meeting Of the board either IN Per.
~ or BY proxy, and majority Of the
oard Of Directors present, either n psr-
u Or ~ proxy, shall constitute quorum
z the tsansaction q business.
The ART bosrd Of directors named In
10 charter. and such boards 40 may be Ii
sreafter elested IN accordance herewith, Fl
ell elect from their own nuraber Prosi.
int and viee-P President and they shall
- elect Secretary, Treasurer and Gen.
= Manager, Who may Or may not b