New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1905-08-19

| proper government of the affairs OF the
said corporation as may be necessary ant
proper.
ARTICLE II.
The domicile of the said corporation
shall be in the Parish of Iberia, State o
Louisiana, and all citations or other lega
process shall be served upon the Presi
dent of the said corporation, or in The
event of his absence, upon the Vice-Pres
ident thereof.
ARTICLE III.
The objects and purposes for which this
corporation is established, and the nature
of the business to be carried on by it, are
| hereby declared to be: To manufacture
and sell sauces, condiments and extracts
of all sorts, and food products in general
to acquire, own and conduct stores for the
sale of merchandise of all sorts to ac
quire and own stocks and bonds of other
corporations ; to acquire, own and develop
real estate in the State of Louisiana and
elsewhere; to open and work mines, and
generally to carry on such business and
make such contracts as may be germane
or incidental to any of the purposes here
in set forth.
ARTICLE ".
The capital stock of the said corporation
is hereby fixed at the sum of Six Hun lred
and Ninety Thousand Dollars, to be divi-
ded into and represented by Nine
Hundred shares of stock of the par value
of One Hundred Dollars each Said stock
shall be paid for in cash ut such time, in
such amounts, and after such notices to
the subscribers as may bc fixed by the
Board of Directors, or the same may be
issued for labor done, services rendered or
money or property actually received or
purchased by the said corporation, upon
such terms and in such amounts and at
such times as may be prescribed by the
Board of Directors. The corporation shall
become a going concern and shall be
authorized to commence business as soon
as Twenty Five Thousand Dollars of the
capital sto k shall have been subscribed
for. ARTICLE V.
All the corporate powers of the said cor
poration shall be vested in and exercised
by Board of Directors to be composed of
Three stockholders, to be elected annually
on the first day of August of each year,
after ten days notice in writing to each
stakeholder by mailing same to his place
of business or residence, except the first
Board of Directors appointed in this char
ter who shall hold their Offices until the
first day of August, 1907, or until their
SUCCESSORS are elected and qualified pro-
vided that the number of members OF said
Board may be increased at any time by
unanimous vote of said Board to any num-
Der not to exceed five.
All such elections for directors shall be
by ballot, and conducted at the Office of
the said corporation under the supervision
of two commissioners to be appointed by
the Board of Directors.
Every stockhclder shall be entitled to
one vote for each share of stock standing
in his name on the books of the Cnmpany,
to be cast either in person or by proxy,
and majority of the votes cast shall elect. !
Any vacancy occurring among the Di-
rectors by death, resignation or otherwise |
shall be filled by election for the remain |
Ter of the term of the Board by the remain |
ng directors.
A failure to elect directors on the date |
above specified shall not dissolve the cor
Doration, but the Directors then in office |
shall remain in office until their successors
ire elected and qualified, and shall cause
another election to be held as soon as pos
,ibe thereafter, after notice shall have
1een given as above provided.
Each Director shall be entitled to vote
It meetings of the Board either in person
" by proxy, and a majority of Directors
present, either in person or by proxy. shall
constitute quorum for the transaction of
The first Board of Directors of this cor
,oration shall be composed of E. A. Nc
lhenny, John A. Mcllhenny. R. A. Nell
Jenny and Paul A. McIlhenny, with Ed
ward A. McIlhenny as President and Gen
raj Manager; John A. McIlhenny as
7ice-President, and Il. A. McIlhenny as
secretary. Each Board of Directors there
.fter elected in accordance herewith shall
ect from their own number President,
cePresident and a General Manager.
hey shall have the power to elect the
anne person to fill the Offices of President
nd General Manager. They shall also
lect a secretary, who may or may not be
member of the Board of Directors or
tockholder.
ARTICLE vi.
This act of incorporation may be modi-
ed, changed or altered, Except in re-
,al stock, which must be effected in the
1dHHcf anu IOfu pfOtlucu ny law ),Or Iuo |
aid corporation may be dissolved with
he assent of three -fourths of the capital
took represented at general meeting of
he stockholders convened for such pur-
ose, after written notice to each stock
older mailed to him at his usual place of
esidence at least thirty days prior to the
ate of meeting.
ARTICLE VII.
No stakeholder shall ever be held liable
or the contracts or faults of the said cor
Grafton in any further sum than the un-
aid balance due the corporation on the
hares of stock owned by him +; nor shall
ny mere informalitY in organization have
lie effect in rendering this charter null, or
exposing any stakeholder to any liabil-
y beyond the unpaid amount remaining
ne OH his stock
ARTICLE VIII.
The subscribers hereto have respective
written opposite their names the amount
stock in this corporation subscribed for
y each of them, so that this act of incor I
grafton may also serve as the original
list of the corporation.
Thus done and passed in my Office in {
he Parish of Iberia, in the presence of
rasmus T. Beall and Walter J. Burke,
,mpetent witnesses of lawful age, both
'sidents of this Parish, who hereunto
en- their names with me, Notary. on the