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

boats or other watercraft necessary OF
proper Tor the conduct of the business OF
the Company to build, equip, operate
and maintain such lines of tramway and
railway, operated by steam, electricity
or other power, az 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 appurtcnanccs as may
be necessary or proper for the conduct OF
the business OF the Company to estab-
fish 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 operations;
and to undertake and Garry on the buying
and selling Of any merchandise or prop
erty in the aid Of their mining and manu-
featuring operations to acquire by pur-
chase, own, lease, or acquire by license,
and 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-products Of such
oil wells, mines or mining operations.
ARTICLE
The capital stock Of this corporation
is fixed at Fifty-fve Thousand Dollars
($55, 600. 90 divided into Five Hundred and
Fifty Shares, (550), Of the par value of
One Hundred Dollars ($l00) per share.
The certificates Of shares OF the capital
stock may be issued In accordance with
the Constitution Of the State Of Louisiana,
for cash. or for work done, or for services
rendered to the Company, or in the ac-
QUESTION Of property necessary for the
Company may be issued by the Board Of
Directors when In their judgment it 70
necessary and proper and shall be issued
at such times and places, and upon such
terms of payment as the Board of Direct
ors may determine.
ARTICLE vi.
TIE Company may begin business, and
shall be declared going concern when
Ave hundred (5O0) shares of the capital
stock shall have been subscribed.
ARTICLE VII.
The capital stock of this corporation
may be decreased or increased by vote
o. the Stockholders OF the corporation at
general meeting Of the Stockholders
called for that purpose, In the manner and
after the publication and notice required
by law.
ARTICLE VIII.
The officers Of said corporation shall be
= President, . First Vice-P President,
Second Vice President, Secretary and
Treasurer, and an Assistant Secretary and
Treasurer, who shall also be the Auditor.
These officers shall be elected by the Board
OF Directors, out Of their own number
provided the Board of Directors may, IL
they see At, elect q Secretary and Treas
urer. and an assistant Secretary and
Treasurer and Auditor not Of their own |
number. Mr.. Gilbert l.. Hall shall be the |
President, Mr.. John B. Hill the First
Vice. President, Mr.. Henry E Hill the
Second Vice President, Mr.. Garrett Eli |
son the Secretary and Treasurer, and Mr.. |
Arthurv. Robertson the Assistant Secretary |
and Treasurer and Auditor. These officers
shall hold office until the first Monday Of
A. D. 1905, or until their success
Bors are elected aud qualified.
ARTICLE X.
Whenever this corporation IL dissolved,
either by Limitation or from any other
sause, ito affsirs shall be liquidatsd by
Two Commissioners selected by the Stock
holders, ct general meeting OF the Stock
holders convened for that purpose, after
ten (10) days prior notice thereof shall
have been given by the Secretary to each
3fockholder, by written notice sent to him
b. mail or otherwise and directed TO his
ast-known domicile or place Of business,
md by vote Of the majority Of the capi-
.al stock Of said Company. The said Com
shall remain In ONCE until tho