The weekly Iberian. (New Iberia, La.) 1894-1946, 1904-10-22
CHARTER OF
BAYOU TBCHE GINNING
COMPANY,
Limited
Iirppitc cd
UNITED STATES OF AMERICA,

BE IT KNOWN, That on this
irst day of October A. ID. 1904, before
ne, Fred w. Bauman, a Notary Pub
ic, duly commissioned and qualified,
II and for the Parish of Iberia. Louisi-
ina, and in the presence Of the under
signed competent witnesses.
PERSONALLY CAME AND APP
pEARED the parties whose names
ire hereunto subscribed, ali of full
,ge, who declared that, availing them
selves of the provisions Of the laws of
ibis State, relative to corporations,
and especially of Act No. 50 of 1883
Of the General Assembly of Louisiana,
hey have convenanted and agreed,
and by these presents covenant and
agree, and bind themselves, as well as
such other persons as may hereafter
become associated with them to form,
and constitute corporation and body
polite in law, for the purposes and
objects, and under the stipulations,
articles. and conditions following, to
wit
ARTICLE l.
The name and title of the said cor
poration shall be bayou Teche Gin
ming Company, Limited;" and its dom
iciIe is hereby established in Iberia
parish. Louisiana; and under its said
corporate name, said corporation shall
have power and authority to contract,
sue and be sued to make and use a
seal, and the same to break
and alter at pleasure: to hold, receive
have, purchase, improve, ALLEVIATE, con
vey. sell, borrow, pledge. mortgage
and hypothecate, under Its said corpo-
rate name, property, real, personal
and mixed; to name and appoint such
officers, directors, agents. and mana
gers and employees, as the interest or
Of said corporation may
require;to make and establish bylaws,
rules and regulations for the proper
management and regulations of Its af-
fairs as may be deemed necessary and
proper. and the same to change and
alter at pleasure; and to do all other
acts and things permitted by law, or as
shall or may be necessary and proper
to carry out the objects and purposes
pF co;I onrDarof;0~
Said corporation, unless sooner dis
solved, in accordanc, with its charter
shall exist and continue for the period
Of 90 years from and after the date
hereof.
The President, or in his absence the
Vice-President shall be the proper
person upon whom citation or other
legal process shall be served.
ARTICLE II.
The objects and purposes for which
this corporation is organized, and
the nature Of the business to be carried
on by it, are declared to be the follow
ing to wit The growing and cultiva-
ton of cotton and other agricultural
products, the buying, ginning. selling
and forwarding of cotton and the
storing of same.
ARTICLE Ill
The capital stock of the said corpo-
ration shall be Ten Thousand Dollars
($1O,OOO.OO) divided into and repre-,
scented by 100 shares Of the sum o.
10000 each. which said stock shall
be paid for in cash at the time OF
subscription or the same may be is
sued, at not less than par. in
payment or exchange for property, OF
rights actually received or purchased
by said corporation, or the same may
be issued, for money advanced, and for
such other valuable considerations OF
services as the board of directors OF
said corporation may determine, pro
vided that no stock shall be issued
until the consideration thereof has
been received by the said corporation
Any stock holder NAV sell, assign
or transfer his stock in the corpora.
ton. provided 80 days prior notice Of
such intention to sell, assign or trans
fer the same be given the Co., and the
other stockholders thereof, shall have
the first privilege of purchasing same.
after which 80 days notice the said
stock may he sold in open market.
| The stock of said corporation may
| be transferred under the above con.
ditions, provided such transfer there.
Of be made on the books of said Com
pany, at its Office In Iberia parish La.
and on surrender of the certificate
therefor. No transfer of any frac.
tional part of share shall be made.
This corporation shall! commence
doing business as soon as Fifty shares
of the capital stock shall have been
subscribed for.
The board Of Directors shall have
the right to determine how much
stock shall be issued.
ARTICLE Nv.
The corporate powers of this COM
pany shall be vested in and exercised
by board of directors, con
sisting of the president (who shall al
so be the treasurer of said corpora
tion,) vice-president and One Gu