New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-02-27

it shall exist for the full term and !,
riod Of twenty years from the de
hereof.
i ARTICLE II.
/ The domicie Of this company shs
be in the City Of New Iberia, Pari
Of Iberia, State Of Louisiana, and 6
citations and other legal process sha
be served upon the president of ga
corporation, or, in case of his absen
or inability to act. upon the Vii
President.
! ARTICLE III.
The objects and purposes for whic
this corporation is established and IL
nature OF the business to be carried @
by ii, are hereby declared to be as 70
lows, to-wit:
To plant, cultivate, buy aud Sc
rice, sugar cane, corn, cotton and otl
er agricultural products; to build an
maintain warehouses for the purpos
OF receiving, storing, keeping and fol-
warding same in the usual course O
business; erect, lease, own, and oper
ate rice mills, sugar mills and refine
ries. corn mills, cotton ginneries an
congresses cotton oil mills and cottol
mills and lumber mills and factories
also to mill and manufacture agricul
tural products as we'll as the by pro
ducts of same into any article of com
merce; own, lease and operate drain
age, navigable and irrigating canals
watercrafts, tramways and railroads il
80 far as these are necessary to the
operations Of the foregoing purposes
the feeding and grazing of cattle and
prepare the same, its products and by.
products into marketable products
enter into contracts with farmers OF
other persons for the purpose of Guilt
waiting crops Ct all kinds and for Sc
curing the same for the mills and fac.
tories which said company may oper
ate, subscribe to and hold stock in
other corporations of a kindred nature
and to do any and all things that may
be necessary to carry out any or all Of
the objects named, and shalt for such
purposes have full power to purchase
and own or lease real estate, machin
cry, ETC., necessary or convenient to
carry on said business, to pledge or
mortgage, sell or exchange same, to
Tx tariff or rate Of charges for receiy-
ing. storing and forwarding rice and
or milling same, and generally to
make and enter into any and all con
racts in relation to said business that
nay become necessary.
ARTICLE w.
This corporation may sue and bes
ued in its corporate name, hold, have,
eceive, purchase, convey, sell, mort
age, hypothecate, pledge, lease and
ublease and enjoy real and personal
property also borrow money and make
receive grants of land and
ersonal property, and make and use
corporate seal. the same to alter
nd break at pleasure; name and ap. |
oint such managers, directors, Off
srs, clerks and agents as the interest
convenience of said corporation
lay require, make and establish such
ylaws, rules and regulations for the
roper management and regulation of
he affairs OF said corporation as may
necessary and the same to alter and
'ange at pleasure, and shall possess all
le rights powers and privileges to
hach corporations are or may be by
~ general law or laws of this State
'thorized and entitled to possess.
ARTICLE V.
The capital stock of thi corporation
all be Fifty Thousand Dollars repre-
nted by one thousand shares of fifty
liars each, which shall be paid at
oh time and under such regulations
the Board Of Directors may deter
inc or it may be issued at not less {
an par in payment of property pur-
ased by or for labor and services q
1dered the said corporation which | c
all not begin business until one t
ndred shares Of the capital stock a
all have been subscribed. All IA
'nsfers Of stock shall be made on the =
oks OF the company and shall be 8
ned by the stakeholder or his attor. t
r 1,
The corporation shall commence z
'iness as soon as 100 shares of the a
Ok shall have been subscribed for. S,
At all elections by, or meetings Of n
stockholders, each share of tile Il
Ok shall be entitled to one vote to t,
voted either by the person inv hose Ia
ne the stock appears upon the books ii
The corporation at the time of the as
ing, or by his agent or proxy duly lo
horized In writing to that effect.
ARTICLE vi.
he business and affairs and corpor- I'll
powers of the corporation shall be p.
lsacted by Board Of five directors, fu
9 composed Of stockholders thereof. | fir
e elected by . majority Of all the
IS at . meeting to be held for that
pose on the first Monday in May, be
'ach year. The Directors thus of
ted shall serve for one year or un- al
their successors shall have been sh
ted and qualified All elections sal
be conducted under the supervi- SCI
OF three members to be appointed vi
the Board Of Directors for that
'ose and In case Of any one Of said
missioners Of election declining or thi
ng to act, the President shall ap ma
another to I'LL the place. The on
Board Of Directors shall elect from sci
number q President and a Vice INA
dent, who shall serve until their the
ssors are elected and qualified. The cor
q OF Directors shall have power to ant
lcancies occurring in the Board. tax
shall make such by laws, rules and
A. A - y !