New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-03-12

Rod OF twenty years from the date
: hereof.
ARTICLE II.
The domicIe of this company shall
be in the City of New Iberia, Parish
: of IBERIA. State of Lou siana, and all
S citations and other legal process shall
: be served upon the president of said
, c0rp0ration or, in case Of his absence
or Inability TO act, upon the Vice
Pre-; h2nt
ARTICLE III.
5 Tn objects and purposes for which
f this corp. a;ion is established, and the
nature II The business to be carried on
hy il. ara hereby declared to be as fol-
lows. to-l,ii:
[ To T.. Il /, cultivate, buy aud sell
} fi"e. II, ar cane, corn, cotton and 9TH
or aJ:iCui'uIa! products; 10 build and
IA g. = 81 ~afehnusea for the purpose
II rscrlv iug, storing, keeping and for
, Ward;ng same in the usual course of
business; erect, lease, own, and oper-
ate rice mills, sugar mills and refine !
rites, corn mills. cotton ginneries and
congresses; cotton oil mills and cotton
mills =; and lumber mills and factories
also to mill and manufacture agricul-
tural products as well 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 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 or
other persons for the purpose of cult
waiting crops Of 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 shall 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
fix tariff or rate of charges for receiv-
ing, storing and forwarding rice and
for milling same, and generally to
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 r
suitcase and enjoy real and personal \
property; also borrow money and make q
contracts, receive grants of land and
personal property, and make and use a
a corporate seal, the same to alter a
and break at pleasure; name and ap-
point such managers, directors, off
GERS, clerks and agents as the Interest," r
or convenience of said corporation
may require, make and establish such
bylaws, rules and regulations for the
proper management and regulation of i
the affairs of said corporation as may a
be necessary and the same to alter and cl
change at pleasure, and shall possess all IL
the rights powers and privileges to N
which corporations are or may be by
any general law or laws of this State N
authorized and entitled to possess. IL
ARTICLE V.
The capital stock of thi corporation
shall be Fifty Thousand Dollars repre-
'ented by one thousand shares of fifty
dollars each, which shall be paid at
such time and under such regulations
IS the Board of Directors may deter
nine or it may be issued at not less If
han par in payment of property pur- F,
hased by or for labor and services o.
endered the said corporation which =,
hall not begin business until one III
hundred shares of the capital stock ar
hall have been subscribed. All al
Of stock shall be made OH the no
ooks of the company and shall be O.,
igned by the stakeholder or his attor- III
ey. 10,
The corporation shall commence 90
usiness as soon as 100 shares of the a,
took shall have been subscribed for sel
AT all elections by, or meetings of ms
ne stockholders, each share of the tb,
Jock shall be entitled to one vote to I'm,
voted either by the person inwhose lax
anne the stock appears upon the books nm
the corporation at the time of the &C
oting, or by his agent or proxy duly 10,
1thorized in writing to that effect.
ARTICLE vi.
The business and affairs and corpor- rio
q powers of the corporation shall be pa
ansacted by Board of five directors, fnl
be composed of stockholders thereof, fro
be elected by majority of all the
ties at meeting to be held for that r
lrpose on the first Monday in May, no
each year The Directors thus If
ected shall serve for one year or un- al,
their successors shall have been Sho
'cted and qualified All elections sa;f
ai' oe conducted uhder the supervl- sen,
N OF three members to be appointed Vic
the Board Of Directors for that
rpose and in case of any one of said T
Of election declining or this
ing " ao'' 'he Ires'deht snail ap natl
mt another to fill the place. The on
d Board of Directors shall elect from coll,
ir number President and Vice NIX,
'sident, who shall serve until their tho
are eiecteo ana qualined. The corn
lrd of Directors shall have power to and
10cancies occurring in the Board. TAXI
- ke such by laws, rules and
no thov fh{nk propor for /, .,