New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1903-06-20


proper management and expedition oil
It's Affairs as In the judgment OF the
Board Of Directors may be necessary ahd
proper.
ARTICLE II.
The domicle OF the said corporation
shall be the Parish OF iberia, state OF
Louisiana. All citations and other ieghl
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 saih cor
porntion shall be vested IN aud exercised
by Board Of Directors composed OF I'VE
f5) Stockholders, TO be elected annually
upon the frst Monday of March, the hrst
election TO be held in the year JDob. All
such elections shall be by ballot anu con-
Quoted at the Office Of the corporation,
under supervision Of two Commissioners
appointed by the President Tor that pnr-
pose, Of which election ten days prior
notice shall have been given by the Secfe'
tary to eaeh Stakeholder, by notice sent
him by mail or otherwise, and directed
to his last known donicile or place OF
business. Each share Of stock shall be
entitled TO one vote, to bs cast either by
tho 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 tho corporation,
but the Board Of Directors shnll continue
to hold their ONCE until their successors
shall have been elected. Three Directors
shall constitute n quorum for the transnc-
ton of any business. Any Director alb
sent from this State may appoint, under
writing, another Stakeholder to net ms
Ills 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 mako all
Bylaws, Rules and Regulations for the
government OF the business and affairs OF
the Company and alter, amend and change
tho same nc 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-
tions, and generally to do oil things neces-
sary in and for the transaction OF the
businesses and affairs Of said Company.
ARTICLE w.
The objects aud purposes OF this COM
pany are hereby declared to be to pur.
chase, work and develop lands, md to
purchase, own, open, operate and work
mines for salt, sulphur, deposits Of oil, and
any and all minerals In the state Of Louisi
ann, and especially on Cote Blanche Isl
and. In this State, or elsewhere In the
United states that may be- deemed neees-
sary 10 manufacture and yend anffeu lturaI
products, salt, sulphur, oil and other pro-
duets Of minerals; 10 own, build and
operats oil me ans Of transpoftatl6 and
pine lines required or necessary ut proper
iof tho operation Of the mines or for the
manufacture aud sale Oh the pYoducts or
by-produets Of salt, oil, sulphur or other
minerals 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
and maintain such lines Of trnmway 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 cons
duct OF the business Of the Company tn
build, equip, operate and maintain cleo
trio telegraph, telephone, light and power
lines, Or such other nppurtcnances rs may
be necessary or proper Tor tie conduct Of
the business OF the Company !; to sstab-
lish manufactures Of the by-prodnets Of
the mines and for refining oil, and TO make
and vend any and all such by-prodpets NJ
may be produced by the mining operations;
and TO underta axe and Garry on the buying
and selling Of any tnerebandiss or prop
erty Ia the aid Of their mining md slaanii-
featuring operations TO acquire BY pdr-
chase, own, lease, or acquire by license,
and to use any and oil 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 amy
other mining operations, or In the manu-
facture aud sale Of the by-products Of sneh
oil wells, mines or mining operations,
ARTICLE v.
The capital stock Of this corporation
IL fixed ut Fifty-hvs thousand Dollars
f155, OO0. 90 divided into Five Hundred ma
Fifty Shares, $500, Of the par value Of
One Hundred Dollars (41OO) peF share.
srhn rartfHcaips Of shafpa ~ fhn oorit III