New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-06-18

Sors and assigns. Of the provisions Of
the laws of the State of Louisiana
they do hereby from themselves into
a corporation as follows, to-wit:
ARTICLE |.
The name and title Of this corpor-
alton shall he p. l.. Renoudet Lum-
her Company, Limited - Its domi-
Gle shall he in the city of New IBERIA,
and it shall exist for ninety nine wears
from the date of this act.
ARTICLE II.
The objects and purposes of this
corporation shall be TO carry on q
lumber Misunderstanding enterprise, to
erect lumber plant to build and own
saw mill and all that goes with a
saw mill to put and operate all need
tul 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, 10 buy anG sell
trees; to buy swamps and other lands,
to erect cabins. dwellings or other
houses aud to carry on all the business
of lumber plant in all its details, to
own wards and lands in connection
there with. and to make all needful
provision to that end, or accept mort
cages, pledges and privileges or exc
cute same. all in connection with and
for 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 he 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,
81, shares and. George j. Cousin. lOl
shares.
ARTICLE ".
The affairs of this corporation shall be
conducted by Beard of Directors, three
of whom shall constitute quorum,
which shall be elected annually on 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
eessors shall have been elected and
qualified. Stockholders shall have q
right to one vote for every share OF
stock held by them. Until the second
Monday in Macrch 1905, the first
Board of Directors shall consist OF
| Jos. A. Breaux, Felix Patout, p. l..
Renoudet and George j. Cousin, who
shall at their first meeting elect Pres
| ident. ce-President, a Secretary
and a Treasurer from their number.
Service of citation shall be made upon
the President. and in his absence OF
! inability to act, upon the Vice-Pres-
ident or Secretary.
ARTICLE V.
| This charter may be altered Of
amended. or the corporation dissolved
at any time by vote of two-thirds o.
the stock represented at any meeting
called for that purpose by the Boart
of Directors. after ten days persona
notice or by publication in one of thu
newspapers in the city of New Iberia
ARTICLE VI
At the expiration of this charter o.
should the corporation be dissolved a
any time. then two liquidators shall
be selected by the stockholders for tn
purpose Of settling the affairs OF thi
corporation.
ARTICLE VII.
The Board of Directors shall hav,
the authority to make such bylaws
rules and regulations as may be neces
sarv to carry on the business of thi
corporation and to change and alte
the same at pleasure.
ARTICLE VIII.
No stakeholder shall be liable o
responsible for the contracts or fault
Of the corporation in any further sun
than the unpaid balance due on tn
shares Of stock subscribed for o
owned by him. nor shall any inform
atty in organization have the etfec
of making this charter null, or of sub
jecting IA stakeholder to any liabilit.
beyond the amount of his stock.
Thus done and passed at my ofiic
in New iberia. La, in presence o
Messrs. Armand Cousin, Jr. and W. +
, VOORHEES,, competent witnesses, VIII
have signed these presents, with tn
said appearers and me, Notary. afte
due reading. on the day, month an
year first above written.
Original signed
JOSEPH A. BREAUX,
FELIX PATOUT,
|