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

TO purchase ana own or lease real eStdto,
machinery, etc, necessary or convenient
TO carry Oh said business, to pledge or
mortgage, sell or exchange same, to tx
tariff or rate OF charges for receiving.
storing and forwarding rice and for mill
ing same, and generally to make and
enter into any and all contracts in rela-
ton to said business that may become
necessary.
ARTICLE ".
This corporation may cue and be sued in
it's corporate name, hold have receive; pur-
chase, convey, sell, mortgage hypothecate,
pledge, lease and suitcase and enjoy real
and personal property also borrow money
and make contracts, receive grants OF
land and personal property, and make
and use corporate seal, the same to alter
and break at pleasure; name and appoint
such managers, directors, ofhcers, clerks
and agents as the interest or convenience
Of said corporation may require, make
and establish such bylaws, rules and regu-
lations for the proper management and
regulation Of the affairs of said corpora
ton as may be necessary and the same to
sIte- and change at pleasure, and shall
possess all the rights, powers and privileges
to which corporations are or may be by
any general law or laws OF this State
authorized and entitled to possess.
ARTICLE v.
Tho capital stock of this corporation is
hereby fixed at the sum Of Fifty
Thousand Dollars, represented by one
thousand shares Of $50. 90 each. All stock
subscribed for shall DO payable in cash or
property, real and personal, or for services
lI.- 20 ha n
terms and conditions as the Board Of Di-
rectors may at any time determine.
All transfers Of stock shall be made on
the books Of the company and shall be
signed by the stakeholder or his attorney.
The eorporati shall commence bust
ness as soon as 100 shares of the stock
shall have been subscribed for.
At all elections by, or meetings Of the
stockholders, each share Of the stock shall
be entitled to one vote to be voted either
by the person in whose name the stock
appears upon the books Of the corporation
at the time of the voting, or by bis agent
or proxy duly authorized in writing to that
effect.
ARTICLE VI.
The business and affairs and corporate
powers Of the corporation shall be tran
sacted by Board of Five Directors. to be
composed of stockholders thereof, to be
elected by majority OF all the votes at
meeting to be held for that purpose on the
4th Monday of April Of each year. The
Directors thus elected shall serve for one
year or until their successors shall have
been elected and qualified. All elections
shall be condu cted under the supervision
of three members to be appointed by the
Board of Directors for that purpose. and
in case OF any one of said Commissioners
of Election declining or failing to act the
President shall appoint another to fill the
place. The said Board Of Directors shall
elect from their number President
and Vice. President who shall serve un-
I'll their successors are elected and qualified.
The Board Of Directors shall have power
to fill vacancies occurring in the Board.
They shall make such bylaws, rules and
regulations as they think proper for the
transaction of the business and the affairs
OF the said corporation, and change, alter
and smend the same at pleasure, appoint
and fix the salaries OF all officers, clerks
and employees. the same to change or dis
miss At pleasure, sell, convey, mortgage,
pledge, lease and purchase property,
movable, immovable and personal. borrow
money, issue notes and bonds; make con-
tracts and sign or cause to be signed all
necessary acts, deeds, etc., and do all me-
eessary things to be done in the manage
ment Of said business - may be permit
ted by laws applicable to corporations.
Three members of said Board shall con-
stitute q quorum for the transaction and
management Of oil business Of said oorpor-
alton.
ARTICLE VII.
This act Of incorporation may b chang
ed, modified or altered, or the said corpo-
ration may be dissolved at . special meet
ing of the stockholders convened for that
purpose, after fifteen days prior notice by
publication in a weekly newspaper pub
iished in the City Of New Iberia with the
assent OF three .fourths Of the capital stock
of said corporation.
ARTICLE VIII.
No stock holder shall ever be held liable
or responsible for the contracts or faults
Of said corporation in any further sum
than tho unpaid balance due by him on
subscription to the capital stock. nor shall
any mere informally In organization have
the effect Of rendering this Charter null,
or of exposing a stock holder to any fur
Their liability than the unpaid balance due
on said stock.
ARTICLE TX.
The following named persons shall con-
stituts the first Board Of Directors to serve
until the fourth Monday in April, 1904,
viz: Albert Estorge. Leon Dreyfus, Henry
l.. Smith, j. Paul Suberbiells and Jules
Dreyfus, with the said Albert Estorgs as
President and the said Jules Dreyfus as
Vice. President.
ARTICLE X.
This corporation shall be liquidated st
the end of its term, or 1t its earlier dieo-
lstion-provided that three-fourths Of the
capital stock shall have agreed thereto at
a meeting called for that purpose by three
commissioners appointed by the Board Of
Directors q . regular meeting of said
Rnard sai4 ANN m; es;ouore shall h sf0ck