New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-06-04

Cousin, residents of the city of Ney
lberia, La, who severally declared
: that ayailing themselves, their success
! sors and assigns, of the provisions o
1 the laws OF the State of Louisiana
they do hereby from themselves int,
corporation as follows, to-wit:
ARTICLE |.
The name and title of this corpor
alton shall be 'P. l.. Renoudet I.um-
; Der Company, Limited. - Its domi
ellie shall be in the city of New Iberia,
{ and il shall exist for ninety nine wear,
from the date of this act.
ARTICLE IL.
) Ihe objects and purposes of this
corporation shall be to carry on y
lumber manufacturing enterprise. f.
erect lumber plant, to build and own
a sawmill and all that goes with n
saw mill, to put and operate all need
ful machinery and prepare articles of
wood for the markets, to manufacture
lumber i'll all shapes as directed by the
Board of Directors, to make shingles.
sash, blind and doors, to buy and sell
trees; to buy swamps and other lands.
70 erect cabins, dwellings or other
houses and to carry on all the business
OF lumber plant in all its details, to
own yards and lands in connection
there with, and to make all needfuI
provision to that end or accept mort
cages, pledges and privileges or exc
cute same, all in connection with and
Tor the purpose of carrying on their
lumber business and enterprise, under
Act ---- of 1888 and any other act
authorizing the business and enter
prise.
ARTICLE Ill.
The capital stock of this corporation
is hereby declared to be the sum of
Fifty Thousand Dollars, divided in
five hunderd shares of One Hundred
Dollars EACH Fifteen thousand cash ;
and with this the company will begin
operations. The remainder to be
paid i'll thirty equal monthly install
ments from the date of this charter ON
call of the Board of Directors.
OF said capital stock of Fifty
Thousand Dollars, Jos. A. Breaux
hereby subscribed to 1873 shares Felix
Patout, 1873 shares; p. l.. Renoudet
1873 shares and, George j. Cousin. lOl
shares
ARTICLE ".
The affairs of this corporation shall be
conducted by Board of Directors, three
OF whom shall constitute q quorum.
which shall be elected annually OH the
second Monday in March of each wear
by ballot and by majority of stock
represented at such meeting, and they
shall continue in office until their sue
'essors shall have been elected and
Qualified. Stockholders shall have n
light to one vote for every share of
took held by them. Until the second
Monday in Macrch 1908, the first
5oard of Directors shall consist of
os A. Breaux Felix Patout, p. l..
and George j. Cousin, who
hall at their first meeting elect Pres
dent, Vice-President, a Secretary
nd n Treasurer from their number.
ervice of citation shall be made uDon
he President, and i'll his absence or :
inability to act, upon the Vice Pres
lent or Secretary.
ARTICLE V.
This charter may be altered or
or the corporation dissolved
any time by vote of two thirds of
ne stock represented at any meeting
illed for that purpose by the Board
Directors, after ten days personal
otice or by publication in one of the
ewspapers in the city of New Iberia.
ARTICLE vi.
At the expiration of this charter or
lould the corporation be dissolved at
~ time, then two liquidators shall
selected by the stockholders for the
lrpose of settling the affairs of this
operation.
ARTICLE VII.
The Board of Directors shall have
e authority to make such bylaws. !
les and regulations as may be neces-
ry to carry on the business of this
rporation and to change and alter
e same at pleasure. III
ARTICLE VIII
No stakeholder shall be liable or T
sponsible for the contracts or faults
the corporation in any further sum
an the unpaid balance due on the
ares of stock subscribed for or -
ned by him, nor shall any inform ~,
ty in organization have the effect
making this charter null, or of sub
ting stakeholder to any liability .
yond the amount of his stock. I
Thus done and passed at my office
New Iberia, La, in presence of
ssrs. Armand Cousin, Jr. and w. +.
orhies, competent witnesses, who n
We signed these presents, with the ~
q appearers and me, Notary, after
reading, on the day, month and
lr first above written.
Original signed
JOSEPH 4. BREAUX.
FELIX PATOUT,