New Iberia enterprise and independent observer., 1905-09-30
poration is established, and the nature of the
business to be carried by it, hereby de-
clared as follows tO-wit:

poration is established, and the nature of th
business to be carried on by 1t, are hereby d.
| clared as follows, tO-wit
| To plant, cultivate, buy and sell rice, suga
cane corn, cotton and other agricultural products
to build and maintain warehouses for the pull
pose of receiving. storing, keeping and toward
ing same in the usual course Of business; erect
lease, own and operate rice mills, sugar mills an
refners corn mills cotton gnneries and com
| presses cotton oil mill and cotton mills; also 4
mill and manufacture agricultural products .
| well as the by-products of same into any articl
of commerce; own, lease and operate drainage
Manageable and irrigating canals. water craft
tramways and railroads in far these ar
| necessary to the operation of the foregoing pur
poses; the feeding and grazing Of cattle and pre-
| pare the same, its products and by-products intt
| marketable produce; enter into any contr acti
| with farmers or other persons for the purpose OF
| cultivating crops Of all kinds and for securing
| the same for the mills and factories which said
| company may Operate subscribe to and hold
stock in other corporations of kindred nature
and to do any and all things that may be neces
sary to carry out any or all objects named, and
shall for such purpose have full power to pur
chase and own or lease real estate, machinery
ETC.. necessary or convenient to carry said bus
| iness, to pledge or mortgage, sell or exchange
same, to fix tariff or rate of charges for receiving
storing and forwarding rice and for milling same,
and generally to make and enter into any and all
| contracts in relation to said business that may
ARTICLE w.
This corporation may sue and be sued in its
corporate name, hold, have receive purchase
convey, sell, mortgage and hypothecate pledge,
lease and suitcase and enjoy real and personal
property; also borrow money. 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 mana
gers, directors, officers. clerks and agents a. the
interest or convenience OF said corporation may
require; make and establish such bylaws rules
and regulations for the proper management and
regulation of the affairs of said corporation as
may be necessary and the same to alter and
change at pleasure, and shall possess all the
rights, powers and privileges to which corpora
tions are or may be by any general law or laws of
this State authorized and entitled to possess.
ARTICLE V.
The capital stock cf this corporation Is hereby
fixed at Fifty Thousand ($5O,OOO. 0O) Dollars,
represented by 1000 shares Of $50 90 each Ali
stock subscribed for shall be payable in cash, or
property, real and personal, for services actu-
conditions AZ the Board of Directors may at any
time determine.
All transfers Of stock shall be m ade on the books
OF the Company and shall be signed by the stock
holder or his attorney.
The corporation shall commence business as
soon as 100 shares of the stock shall have been
subscribed for.
A, all elections by or meetings Of the stock
holders, each share of stock shall be entitled to
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 an
agent or proxy duly authorized in writing to that
effect.
ARTICLE vi.
The business and affairs and corporate powers
of this corporation shall be transacted by board
of seven "a directors, to be composed of stock
holders thereof to be elected BY a majority of all
the votes at general meeting to be held for that
purpose on the first Monday Of April Of each year
The Directors thus elected shall serve for one
year or until their successors shall have elected
and qualified All elections shall be conducted
under the supervision of three members to be 3D.
pointed by the Board of Directors for that pur-
pose, and in case of any one Of said commission
ers Of election declining or failing to act the Pres
ident shall appoint another to fill the place The
said Board OF Directors shall elect from their
number a president and a vice-president who
shall serve until their are elected and
qualified. The Board of Directors shall have
power to nH vacancies occurring in the Board
They shall make such bylaws. rules and regula.
tons as they think proper for the transaction of
the business and affairs of said corporation, and
change, alter and amend the same 1t pleasure;
appoint and hx the salaries of all officers clerks
and -mployees, the same TO change or dismiss 1t |
pleasure sell, convey, mortgage and pledge lease
and purchase property movable, immOvabe and
personal, borrow money, issue notes and bonds |
make contracts and sign cause to be signed ali
necessary acts, deeds, ETC.. and do all necessary
mess as may be permitted by laws applicable to
corpol lations. Four members Of said Board shalt |
quorum for the transaction and man |
agement of all business of said corporation
ARTICLE VII.
This act OF incorp ration may be changed, mod |
lfied or altered. or the said corporation may be
dissolved at special meeting Of the stockholders
for that purpose. after fifteen days |
prior notice by publication in any Newspaper |
published in the City of New Iberia with the a.. |
sent OF threefourths Of the capital stock Of said
ARTICLE VIII.
No stockholder shall ever be held liable or re- |
sponsible for the contracts fa1lts Of said cor.
Ance due by. him on subscription to the capital |
stock, nor shall any mere informality in or9ani.
Estion have the effect Of rendering this charter
q nun or OF exposinga stockhoider to any further
liability than the unpaid balance due ON said |
Itock. ARTICLE TX.
The following persons snail constitute the drst /
Board OF Directors to serve antil the fret Monday
N April, 1906. viz: J. Paul Suberbielle, Henry
Z; smith. Aug; J. Sebsrbielle, Maurice Bergsrie,
Albert A. DeBlanc, 7. z. Bergerie and O. z. Rey-
aolds with the said J. P Suberbielle as president
ARTICLE <.
This corporation shall be liquidated At the end
II Its term, or at Its earlier dissolution provide
agreed thereto 1t meeting called for that purpo
)y three comm ssi0ners, said three commission.
'rs to be selected and appointed by the stockhold.
'rs vt said meeting, said commissioners shall be
tockhoiders Of said corporation, and their com.
,ensatton as liquidators shall be fixed on the day
II their appointment. Said commissioners shalt |
continue TO act until the business Of the corpora
ion shall be entirely closed or liqudated, and In
he death. resignation inability of either OF
NO OF them. then the survivors survivor shall /
rus oon0 1no passo0 IN my once ~ New lbo-
Ia. Parish Of IBERIA Louisiana. on the day month
md year 1rst above written in the presence II 1
dessrs r. D. Southwell and John T. White. GOOD
md competent witnesses. residing in this Pasish.
rho have signed these presents with the parties
md me, Notary, after due reading Of the whole. /
]. p. SUBERBIELLE, 40 Sharee.
p. Il. BEK0ERIE, 20 Sharee
H. L. SMITH,
Per A. ]. Suberbielle 20 Shares
A. ]. SUBERBIELlsE 70 Sharoa Il
A. A. DEBLANC. 20 Shares.
C. e. REYNOLDS, 2 Sheree.
MAURICE BER0ERIE 10 Share.