New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1903-06-27

proper management and expedition 0
ts affairs As in the judgment Of thu
Board Of Directors may be necessary ant
proper.
| ARTICLE II.
The domicils of the said corporation
shall be the Parish of Iberia, State o.
Louisiana. All citations and other lega
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 tho said cor
poration shall be vested in and exercised
by Board of Directors composed OF five
(5) Stockholders, to be elected annually
upon tho first Monday of March, the first
election to be held in the year 1905. All
such elections shall be by ballot. and con-
Quoted ct 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 Secre-
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. A
failure to elect Directors on the date above
specified shall not dissolve the corporation,
but the Board Of Directors shall continue
to hold their oface until their successors
shall have been elected. Three Directors
shall constitute quorum for the transac-
ton of any business. Any Director alb
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 shall
be filled by the remaining Directors.
The said Board OF Directors shall make oil
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 oil officers, agents, employees and
clerks to fix oil salaries and compensa-
lions, and generally to do all things neces-
sary in and for the transaction Of the
businesss and affairs of said Company.
ARTIoLE ".
The objects and purposes Of this Com
pany are hereby declared to DO 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
md, in this State, or elsewhere in the
United States that may be deemed neces-
,ary to manufacture and vend agricultural
products, salt, sulphur, oil and other pro-
lucts of minerals to own, build and
operate all means Of transportation and
oipe lines required or necessary or proper
or the operation Of the mines or for the
and sale Of the products or
" products of salt, oil, sulphur or other
minerals; to buy, build, and own steam
,oats or other watsrcraft necessary or
roper Tor the conduct of the business OF
he Company to build, equip, operate
md maintain such lines Of tramway and
ailway, operated by steam, electricity
: other power, 40 may be necessary or
roper, in the judgment OF the Board Of
directors, for the profitable and safe con-
uct Of the business Of the Company !; to
uild, equip, operate and maintain cleo
nc telegraph, telephone. light and power
mes, or such other appurtcnances as may
e necessary or proper for the conduct Of
DO business OF the Company to estab-
oh manufactures OF the by products OF
10 mines and for refining oil, and to make
nd vsnd any and all such by products as
lay be produced by the mining opsrations;l
nd to undertake and carry on the buying
nd selling Of any merchandise or prop
rty in the aid Of their mining and manu-
lcturing operations to acquire BY pur-
base, own, lease, or acquire by license,
nd to use any and all patent rights, copy-I
ghts and patents Of inventions used or to
> used in the mining or developments Of
llphur, salt or oil deposits, or in anyt
her mining operations, or In the manu-
cture and sale of the by products Of such
wells, mines or mining operations.
ARTICLEv.
The capital stock OF this corporationl
fixed et Fifty-fve thousand DollarsI
SO, 900 90 divided into Five Hundred and
ny Shares, (550), Of the par value oil
10 Hundred Dollars (e100) per share.
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