New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-03-05
it shall exist for tho full term and pc
riod of twenty years from the date
ARTICLE IL.

IL S18Il ex1SC 1Or INC lull teIIh anu Io
Rod of twenty years from the dat'
hereof.
ARTICLE II.
Tho domiclo of this company shal
be in the City Of New Iberia Parisl
of Iberia. State of Louisiana, and al
citations and other legal process shall
be served upon the president of saic
corporation, or, i'll case of his absence
or inability to act, upon the Nict
President.
ARTICLE Ill
The objects and purposes for which
this corporation is established, and the
nature of the business tn be carried uI
by il. are hereby declared TO he as fol.
lows. to-wit:
70 plant, cultivate, buy aud soil
rice, sugar cane. corn, cotton and 9th
er agricultural products; to build and
maintain warehouses for the purpus,
of receiving, storing, keeping and for
warding same in the usual course OF
business; erect, lease, own, and opeT
ate rice mills, sugar mills and refine
rics, corn mills, cotton ginnerirs and
congresses; cotton oil Mills and cotton
mills and lumber mills aud factories
also to mill and manufacture agricul
tural products az well as the by pro
duets of same into any artclp of com
merce; own, lease and operate drain.
age, navigable and irrigating canals,
watercrafts, tramways and railroads in
SO 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 cult
vatiHg crops e 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 kindred nature
and to do any and all things that may
be necessary to carry out any or all Oh
the objects named, and shall for sucl
purposes have full power to purchase
and own or lease real estate, machin.
cry, etc, necessary or convenient (,
carry on said business, to pledge OF
mortgage, sell or exchange same, tC
fix tariff or rate of charges for receiv-
ing, storing and forwarding rice and
for milling same, and generally tC
make and enter into any and all con
tracts in relation to said business that
may become necessary
ARTICLE ".
This corporation may sue and be
sued in its corporate name. hold, have,
receive, purchase, convey, sell, mort
gage, 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 ap-
point such managers, directors, off
GERS, clerks and agents as the interest
may require, make and establish sucl
bylaws, rules and regulations for the
proper management and regulation OF
the affairs Of said corporation as may
be necessary and the same to alter and
change at pleasure, and shall possess al
the rights powers and privileges tf
which corporations are or may be by
any general law or laws of this State
authorized and entitled to possess
ARTICLE V.
The capital stock of thi corporation
shall be Fifty Thousand Dollars repre-
sented by one thousand shares Of fifty
dollars each, which shall be paid at
such time and under such regulations
as the Board of Directors may deter
mine or it may be issued at not-les'
than par in payment of property pur
chased by or for labor and services
rendered the said corporation which
shall not begin business until one
hundred shares of the capital stoct
shall have been subscribed. Al
transfers of stock shall be made on the
books of the company and shall be
signed by the stakeholder or his attor
ney.
The corporation shall commence
business as soon as 100 shares of tn,
stock shall have been subscribed for
At all elections by, or meetings o.
the stockholders, each share Of the
stock shall be entitled to one vote tC
be voted either by the person inv hose
name the stock 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 corpor
ate powers of the corporation shall b,
transacted by Board of five directors
to be composed of stockholders thereof
to be elected by majority of all thu
votes at a meeting to be held for that
purpose on the first Monday in May
of each year. The Directors thus
elected shall serve for one year or M
til their SUCCESSORS shall have beer
elected and qualified All elections
shall be conducted under the supervi
sion of three members to be appointed
by the Board of Directors for that
purpose and in case of any one of saic
Commissioners of election declining OF
failing to act, the President shall ap
point another to fill the place. The
said Board of Directors shall elect from
their number President and Vice
President, who shall serve until theil
successors are elected and qualified The
Board of Directors shall have power tC
fill vacancies occurring in the Board.
They shall make such by laws, rules
and regulations as they think proper for
the transaction of the business and the
affairs of the said corporation and
change, alter and amend the same at
pleasure, appoint and fax the salaries
of all officers clerks and employees.