New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-03-26

corporation and body polite in law 70,
the objects and purposes and under the
conditions and stipulations as contained
and setforth in the following articles to,
wit:
ARTICLKI.
The name and title OF said Corporation
shall be "Rayne Cotton Oil Company
Limited" 1t shall exist for the full term
and period of Twenty (2o) years from the
date hereof.
ARTICLE II.
The domicile OF this Company shall be
in the City of New Iberia, Parish Of Iberia
State of Louisiana. and all citations and
other legal process shall be served upon
the President of said corporation, or, in
case of his absence or inability to act,
upon the vice president.
ARTICLE III.
The objects and purposes for which this
corporation is established, and the nature
of the business to be carried on by it, are
hereby declared to be as follows, to-wit
To plant, cultivate, buy and sell rice,
sugar cane, corn, cotton and other agri-
cultural products to build and maintain
warehouses for the purpose OF receiving,
storing, keeping and forwarding same in
the usual course of business erect, lease,
own, and operate rice mills, surgar mills
and iefneries, corn mills, cotton ginneries
and congresses, cotton oil mills and cot
| ton mills also to mill and manufacture
sgriculr ural products as well as the by
| products of same into any article o: com
merce own, lease, and operate drainage
navigable and irrigating canals, water
crafts, tramways and railroads in so far
as these are neocesssary to the operation
of the foregoing purposes the feeding and
grazing of cattle and prepare the same,
| its products and by-prOducts into market
able products enter into any contracts
, with farmers or other persons for the pur-
pose of cultivating crops Of all kinds and
for securing the same for the mills and
factori es which said company may operate,
subscribe to and hold stock in other cor
porations OF kindred nature and to do
any and all things that may be necessary to
carry out any OF all of the objects named,
and shall for such purpose have full power
to purchase and own or lease real estate,
machinery, etc, necessary or convenient
TO carry on said business, to pledge or
mortgage, sell or exchange same, to fix
tariff or rate of charges for receiving,
storing and forwarding rice and for mill
ing same, and generally to make and
enter into any and all contracts in rela-
ton to said business that may become
nece ssary.
ARTICLE w.
This corporation may sue and be sued in
it's corporate name, hold have receive; pur-
chase, convey, sell, mortgage hypothecate,
pledge, lease and suitcase and enjoy real
and personal property also borrow money
and make contracts, receive grants OF
land and personal property, and make
and use a corporate seal the same to alter
and break at pleasure name and appoint
such managers, directors, oficers, clerks
and agents as the interest or convenience
Of said corporation may require, make
and establish such bylaws, rules and reRu-
lations for the proper management and
regulation of the affairs of said corpora
ton as may be necessary and the same to
alter and change at pleasure, and shall
possess all the rights, powers and privileges
to which corporations are or may be by
any general law or laws of this State
authorized and entitled to possess.
ARTICLE v.
Tho capital stock of this corporation is
hereby fixed at the sum Of Fifty
lDOuSaHQ OOlldTS, represented ny OAo
thousand shares Of $50. 90 each. All stock
subscribed for shall be payable in cash or
property, real and personal, or Tor services
actually rendered to the company on such
terms and conditions as the Board of Di-
rectors may at any time determine.
ALI transfers Of stock shall be made on
the books Of the company and shall be
signed by the stakeholder or his attorney.
nk1 hal htrSi
ness as soon as 100 shares of the stock
shall have been subscribed for.
At all elections by, or meetings OF the
stockholders, each share OF the stock shall
be entitled to one vote to be voted either
appears upon the books Of the corporation
at the time of the voting, or by his agent
or proxy duly authorized in writing to that
effect.
ARTICLE vi.
The business and affairs and corporate
powers Of the corporation shall be tran
sacted by Board OF Five Directors. to be
composed of stockholders thereof, to be
elected by a majority of all the votes at a
meeting to be held for that purpose on the
4.h Monday Of April Of each year. The
Directors thus elected shall serve for one
year or until their successors shall have
been elected and qualified. All elections
shall be condu cted under the supervision
of three members to be appointed by the
Board of Directors for that purpose, and
in case OF any one of said Commissioners
of Election declining or failing to act the
President shall appoint another to fill the
place. The said Board of Directors shall
elect from their number a President
and vice-Presdent who shall serve IN
til their successors areelected and qualified.
The Board of Directors shall have power
to fill vacancies occurring in the Board.
They shall make such bylaws. rules and