New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-03-19

be n rr Nity Of New iberia, Parish
of I1nria. Stare of Louisiana. and ell
citat on and other legal process shall
be served upon the president of said
corp )rAtiGn. or, in case of his absence
or Inability ~ art. upon tn" Vice
President.
ARTICLE III
Til 9ljsr;, and purposes for which
this 'ugpnia!iom is established, and the
mature If he business 10 he carried on
by j.. are Iarthy declared to be as iol-
lows. rO-Ntl:
10 p ant. cultivate Luy anI sell
ric" u ar cane. corn cotton aud OH
er Agricultural products; 10 hnIid and
maintain warehouses for the purpose
Of receiving, storing. keeping and for
warding same in the usual course of
business; erect, slease, own, and oper-
ate rice mills, sugar mills and refine
ries, 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 we'll 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 Guilt
waiting crops CT 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 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 i'll 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
suitcase and enjoy real and personal
also borrow money and make
contracts, receive grants of land and ,
personal property, and make and use
corporate seal, the same to alter q
md break at pleasure name and ap-
Joint such managers, directors, Off
ers, clerks and agents as the interest T
II convenience OF said corporation
nay require, make and establish such
ylaws, rules and regulations for the r
roper management and regulation of !,
he affairs OF said corporation as may a
@ necessary and the same to alter and g
hange at pleasure, and shall possess all Il
he rights powers and privileges to n,
'hich corporations are or may be by
ny general law or laws of this State N
nthorized and entitled to possess. IL
ARTICLE V.
The capital stock Of thi corporation -
lall be Fifty Thousand Dollars repre-
nted by one thousand shares of fifty
'llars each, which shall be paid at I
lch time and under such regulations
the Board of Directors may deter
inc or it may be issued at not less of
AN par in payment Of property pur- F.
'ased by or for labor and services al
ndered the said corporation which co
all not begin business until one tn
inbred shares OF the capital stock at
all have been subscribed. All all
ansfers OF stock shall be made on the De
oks OF the company and shall be SCI
yned by the stakeholder or his attor. tn
y. In,
The corporation shall commence GA
slness as soon as 100 shares of the ag
'ck shall have been subscribed for. sci
AT all elections by, or meetings of ma
stockholders, each share of the the
ok shall be entitled to one vote to tut
voted either by the person inwhose Law
ne the stock appears upon the books un,
the corporation at the time. of the as
ing, or by his agent or proxy duly Low
'horized in writing to that effect.
ARTICLE VI. :
The business and affairs and corpor- tiol
powers OF the corporation shall be PA
nsacted by Board Of five directors, full
'e composed of stockholders thereof, frol
be elected by majority of all the
es at a meeting to be held for that I
pose on the first Monday in May, be
each year The Directors thus of
ted shall serve for one year or un- ali
their successors shall have been shal
ted and qualified. All elections said
II be conducted under the supervi- sene
OF three members to be appointed Vic,
the Board of Directors for that
pose and in case Of any one of said T
lmissioners Of election declining or this
ng to act, the President shall ap natr
t another to fill the place. The ON b
Board Of Directors shall elect from SELF
number President and Vice man
ident, who shall serve until their the
sssors are elected and qualified. The corn
d OF Directors shall have power to and
TfbccifS acquiring in the Board. TAXI