New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-07-02
ACT OF INCORPORATION.


of May A. d., 1904, before me, Alfre'
Renoudet, Notary Public, duly com
missioned and quail flied, in and for tin
Parish of Iberia, State of Louisiana
hereinafter named and undersigned
Personally came and appeared:
Messrs Jos A. Breaux, Felix Pa
tout, L. l.. Renoudet and George j
Cousin, residents of the city of New
Iberia, La, who severally declared
that availing themselves, their success
sors and assigns, of the provisions o
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 Lum-
Der Company, Limited - Its domi
cie shall be in the city of New IBERIA
and it shall exist for ninety nine years
from the date of this act
ARTICLE H.
The objects and purposes of this
corporation shall be to carry on g
lumber Misunderstanding enterprise, tC
erect a lumber plant, to build and OWL
saw-mill and all that goes with g
saw mill, to put and operate all need
ful machinery and prepare articles OF
wood for the markets, to manufacture
lumber in 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,
to erect cabins, dwellings or other
houses and to carry on all the business
of "a lumber plant in all its details to
own yards ana lands in connection
there with, and to make all needtul
provision to that end, or accept mort
cages, pledges and privileges or exc
cute same, all i'm connection with and
for the purpose of carrying Oh their
lumber business and enterprise, under
Act. -----of 1888 and any other act
authorizing the business and enter
prise,
ARTICLE LII.
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 in 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 ! Cousin, i0l
shares.
ARTICLE ".
The affairs of fthiscorporation shall be
conducted by Board of Directors, three
of whom shall constitute a quorum,
which shall be elected annually on the
second Monday in March of each year
by ballot and by majority of stock
represented mt such meeting, and they
shall continue i'm Office until their sue
cessors shall have been elected and
qualified. Stockholders shall have a
right TO one vote for every share of
stock held by them. Until the second
hn Hrsf
Board OF Directors shall consist of
Jos. A. Breaux, Felix Patout, p l..
Renoudet and George J. Cousin, who
shall ut their first meeting elect Pres
ident, Vice President, Secretary
and a Treasurer from their number
Service of citation shall be made upon
the President, and in his absence or
inability to act, upon the Vice-Pres-
ident or Secretary.
ARTICLE V.
This charter may be altered or
amended, or the corporation dissolved
ut any time by vote of two-thirds of
the stock represented at any meeting
called for that purpose by the Board
Of Directors, after ten days personal
notice or by publication in one OF the
newspapers in the city of New Iberia.
ARTICLE vi.
At the expiration of this charter or
should the corporation be dissolved at
any time, then two liquidators shall
be selected by the stockholders for the
purpose Of setting the affairs Of this
corporation.
ARTICLE VII.
The BORrd of Directors shall have
the authority to make such bylaws,
rules and regulations as may be neces-
sary to carry on the business of this
corporation and to change and alter
the same at pleasure.
ARTICLE VIII.
No stockholder shall be liable or
responsible for the contracts or faults
Df the corporation in any further sum
than the unpaid balance due on the
shares Of stock subscribed for or
owned by him, nor shall any inform
ality in organization have the effect
Of making this charter null, or of sub
iecting q stockholder to any liability
beyond the amount Of his stock.
Thus done and passed at my office
In New Iberia, La, in presence OF
Messrs. Armand Cousin. Jr and W. +.
voorhies, competent witnesses, who
have signed these presents. with the
said appearers and me, Notary, after
due reading, ON the day, month and
year first above written.
Original signed
Joseph A. BREAUX,