New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1903-07-04

nroner MANAGEMENT and expedition OF
TIA affairs as in the Judgment OF the
Board of Directors may be necessary aho
proper.
ARTICLE II.
The domicile of the said corporation
shall he the Parish of Iberia, State Of
I.ou;siana. All citations and other legal
processes shall be served upon the Presl-
dent. or. in case of his absence, upon the
Sscretery of said CompanS.
ARTICLE III.
All the corporate powers of the SAID cor,
roratiop shall be vested in and exercised
Nv BOARD of Directors composed of five
(6l Stockholders, to be elected annually
nnon the first Monday of March, the FIRST
aiection to be held in the year 1903. All
snch elections shall be by ballot. and con
ducted at the office of the corporation,
nnder supervision of two Commissioners
Amounted by the President for that pur-
nose. of which election ten days prior
notice shall have been given by the Secre-
tarv TO each Stakeholder, by notice sent
him by mail or otherwise, and directed
IA his last known domicile or place OF
husiness. 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. A
failure to elect Directors on tho date above
apeciied shall not dissolve the corporation,
Int the Board of Directors shall continue
to hold their ONCE until their successors
ahall 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 for
the time being all the powers OF such absent
Director. Vacancies occurring In SAID
Board from any cause whatsoever shan
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 and personal, whenever In their
Judgment they may deem such acts neces-
sary and proper to hire, employ and dis.
charge Ill officers, agents, employees and
clerks to fix ell salaries and compensa-
tons. and generally to do all things neces-
sary in and for the transaction OF the
BUSINESS and affairs Of said Company
ARTICLE ".
The objects and purposes OF this Com
pany are hereby declared to be to pur-
chase, work and develop lands, and toI
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 lei
and, in this State, or elsewhere in the
United States that may be deemed neees-
sary TO manufacture and vend agricultural
products, salt, sulphur, oil and other pro
ducts 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
and sale OF the products or
by.products Of salt, oil, sulphur or other
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
md maintain such lines of tramway and
railway, operated by steam, electricity |
or other power, as may be necessary or
proper, in the judgment OF the Board OF |
Directors, for the profitable and safe con-
1uct Of the business OF the Company to
build, equip, operate and maintain elec- |
rio telegraph, telephone, light and power
ines, or such other appurtcnances as may
10 necessary or proper for the conduct Of |
he business OF the Company to estab-
ish manufactures Of the by-products OF
no mines and for refining oil, and to make 1
ind vend any and oil such by-prodncts Is l
- ~.oAu a h ina - ri.