The weekly Iberian. (New Iberia, La.) 1894-1946, 1904-10-29

and especially of Act No. SO of 1855
OF The General Assembly of Louisiana
they have convenanted and agreed
and by these presents covenant and
agree, and bind themselves, as we'll 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
witt
ARTICLE I.
The name and title of the said cor
poration shall be bayou Teche Gin
ming Company, Limite';;" and its dom
IciIe is hereby established IN Iberia
parish, Louisiana; and under its said
corporate nalnc said cor Joratlon shall
have power and authority to contract,
sue and be sued to make and use a
corporate seal, and the same to break
and alter at pleasure; to hold, receive,
"aVe, purchase, improve. alternate, con
vey, sell, borrow, pledge, mortga e
AID hypothecate under It's said c"rp"-
rate name, property, real, persona
and mixed; to name and appoint such
officers. directors, agents, and mana
gers and employees, rs the interest or
convenience of SAID corporation NAV
require;to make and establish bylaws,
rules and regulations for the proper
management and regulations Of It's at
fairs as may be deemed necessary and
proper, and the same to change and
alter at pleasure; and to do all other
acts ami things permitted by Iaw,or a.
shall or may be necessary and proper
to carry out the objects and purposes
of said corporation.
Said corporation. unless sooner dis
solved in accordanc. with its charter
shall exist and continue for the period
of SO 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 IL.
The objects and purposes for which
this corporation is organized, and
the nature Of the business to be carried
on by 1t. are declared to be the follow
ing to witt: The growing and cultlva-
ton of cotton and other agricultural
products. the buying, ginning. selling
and forwarding of cotton and the
storing of same.
ARTICLE III
The capital stock of the said corpo-
ration shall be Ten Thousand Dollars
($10,00o.O0) divided into and repre-
scented by 100 shares of the sum OF
$4,000 each. which said stock shall
bespald 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, or
rights actually received or purchased
by said corporate or the same may
be- issued. for money advanced, and for
such other valuable considerations or
services as the board of directors of
said CORPORATION may determine, pro-
vlded that no stock shall be issued
until the consideration thereof has
ben received by the said CORPORATION
Any stock holder NAV sell, assign
or transfer his st ok In the CORPORA
ton. provided 80 days prior notice Of
such intention 10 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 30 days notice the said
stock may be 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 certlfic ate
therefor. No Transfer of any frac
tional part of share shall be made.
This corporation shall! commence
doing business az soon as Fifty shares
Of the capital stock shall have been
for.
The board of Directors shall have
he right to determine how much
stock shall be issued
ARTICLE w.
The corporate powers Of this COM
'any shall be vested in and exercised
" board OF directors, con
listing OF the president who shall al
o be the treasurer of said corpora
ion,) vice-president and One all,
TO kholder. Two (2) of said boar,i
hall constitute quorum for the tran
action of business. and their decis.