New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1906-07-28


other legal process shall be served upor
the president of said cooperation. or II
= case of his absence or inability to act
. the vice president.
ARTICLE Ill.
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 as follows,
: to-wit. To plant, cultivate, buy and sell
rice, sugar cane, corn, cotton aud other
agricultural products, lease, own and
operate rice mills, sugar mills aud re
fineries, corn mills, cotton giunerles and
congresses, cotton oil mills and cotton
mil ,also to mil and manufacture agucul-
tural products as we'll rs the by-products
of same into any article Of commerce; aud
generally to make and enter into any and
all contracts in relation 10 said business
that may become necessary.
ARTICLEIN
This cooperation mas SUE aud oe sued
in it's corporate name. hold, have, receive,
purchase. convey. sell mortgage aud
hypothecate, pledg", lease aud suitcase
enjoy real aud personal property; also
borrow money make contracts, receive
grants of land aud personal property, and
TO alter and break MT pleasure; name and
appoint managers, directors, officers
clerks and agents as the interest or con
venionce Of said cooperation may require;
make and establish such bylaws rules
and regulations for the proper manage
meut and Il gulat'Ous of the affairs of said
corporation as may be necessary and the
same to alter and change at pleasure, and
possess all the rights powers and privileges
to which corporations are or may be by
any general law or laws of this State
authorized aud entitled to possess.
ARTICLE V.
! The capital stock OF this corporation is
hereby fixed ut FIFTY THOUSAND
| DOLLARS; represented by one thousand
shares of fifty dollars each. All stock
subscribed for shall he payable in cash, |
or property, real and personal, or for ser
vices actually rendered 10 the company
on such tptmS and conditions as the |
board Of directors may ut any time de
termine. Al transfers of stock shall be |
made on the books OF the company aud |
shall he signed by the stakeholder or his
attorney. The corporation shall com
mence busiue IS as soon as one hundred |
shares of the stock shall have been sub
scribed for. At all elections by, or meet
Ings of the stockholders, each share of
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 an agent or proxy duly authorized in
writing to that effect.
ARTICLE VI.
The business and affairs ana corporate
powers of this corporation shall be trans
acted by board Of directors, to be com
posed OF stockholders thereof, to be elected
by majority of all the votes at general
meeting to be held for that purpose on
the Third Tuesday in April of each year.
The directors thus elected shall serve for
one year or until their successors have
been elected and qualified. All elections
shall be conducted under the supervision
OF three members to be appointed by the
Board of Directors for that purpose, aud
in case of any one of said commissioners
of election declining to act, the president
shall appoint another to fill the place.
The said board OF directors shall elect
from their number president and a vice
president who shall serve until their sue
eessors are elected aud qualified. The
board of directors shall have power to fill H
vacanies occurring in the board. They
shall make such bylaws, rules and re-
gulations as they think proper for trans
action of the business and affairs of said
corporations and change, alter and amend
the same Stpleasure, appoint and fix the
salaries of all officers, clerks, aud en-
ployees, the same to change or dismiss at
pleasure, SELL convey, mortgage and
pledge, lease and purchase property,
movable, immovsble and personal, Dor
row money, issue notes and bonds,
make contracts and signed all necessary
acts. deeds, ETC.. and do all necessary
things to be done in the management of
said business as may be permitted by
laws applicable to corporations. TWO
members of said board shall constitute =
quorum for the transaction and manage
ment of all business of said corporation.
ARTICLE VII.
This act of incorporation may be chang
ed, modified or altered, or the said cor
poration may be dissolved at a special
meeting of the stockholders convened for
that purpose, after fifteen days prior
notice by publication in any newspaper
published in the City of New Iberia,
Parish of Iberia, with the assent Of three
fourt hs of the capital stock Of said cor
poration.
ARTICLE VIII
No stakeholder shall be held liable or
responsible for the contracts or faults of
said corporation in any further sum that
the unpaid balance due by him on sub
scription to The capital stock, nor shall any
more informality in organization have
the effect of rendering this charter null,
or of exposing stakeholder to any furth-
or liability than the unpaid balance due
on said stock.
ARTICLE TX.
The following persons shall constitute
the first board of directors to serve until
third Tuesday in April 1907, viz: j. Z. |
Suberbielle, z. Il Bergerie, and A. J.
Suberbiele, with the said j. P. Suber
belle as president and the said Aug. J.
Suberbiel.e as viee-president.
ARTICLE X.
This corporation shall be liquidated at
the end of its term or at its earlier dis
solution, provided that three fourths of its
capital stock shall have agreed thereto at
a meeting called for that purpose, by
three commissioners, said three commits
sioners to be selected and appointed by
the stockholders at said meeting, said
commissioners shall be stockholders of
said corporation, their compensation as
liquidators shall be fixed on the day OF
their appointment. Said commissioners
shall continue to act until the business OF
the corporation shall be entirely closed |
and liquidated, and in the event of the |
death, resignation or inability OF either
or two of them, then the survivors
or survivor shall act.
Thus done and passed in my Office at |
New Iberia, parish of Iberia, Louisiana,
on the day, month and year first above
written, in the presence Of Meesrs. Rene |
Girard and r. S. Bell, competent witnes
SEES, who reside in this parish, who |