New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1907-09-14
LIMITED, and it shall exist for the full
term and period of twenty years from the

LIMITED, and it shall exist for the full
term and period of twenty years from the
date hereof.
ARTICLE 9.
Ths domcile of this company shall be
in The CITY of New Iberia, State of LouiS-
sjana. and all citations and legal process
shall be served upon the President of said
CORPORATION or IN case of his absence or
inability to act upon the Vice President.
ARTICLE 3.
To plant. cultivate, buy and sell rice,
sugar cane. corn, cotton and other agri-
cultural products; to build and maintain
warehouses for the purpose of receiving,
storing, keeping and warding same In
the usual course of business; erect, lease,
own and operate rice mills, sugar mllls
and refineries, corn mills, cotton glnneiles
and manufacture agricultural products as
well as the Uy-products OF same into any
article of commerce; own, lease, operate
drainage, navigable and irrlgatlng canals,
water crafts, tramways and railways III so
far as these are necessary to the operation
of the foregoing purposes; The feeding ana
grazing of cattle and to prepare the same,
its products aud by-products into market
able products, enter into contracts with
farmers or other persons for the purpose
of cultivating crops of ali kinds, and for
securing the same for the mills and fac
tories which said company may operate,
subscribe to aud hold stock in other cor
porations of kindred nature, and to do
any and all things that may he necessary
to carry out any all of the objects named.
ARTICLE +.
This corporation may sue aud be sued
in its corporate name, hold, have, receive,
purchase, convey, sell, mortgage, hypo-
thecate, pledge, lease and suitcase, and
enjoy real and personal property; also
borrow money and make contracts, re-
ceive grants of land and personal proper
ties, and make and use corporate seal,
the same to alter and break at pleasure;
name and appoint such managers, direc-
tors, officers, clerks and agents as the in
terest and convenience of said corpora
tion may require, make aud establish such
Bylaws. rules and regulations for the
proper management of the affairs of the
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 corporations are
or may by any general law or laws of this
State authorized and entitled to possess.
ARTICLE 5.
The capital stock of this corporation is
hereby fixed at the sum of Twenty Five
Thousand dollars represented by Two
Hundred and Fifty shares of One Hundred
dollars each. All stock subscribed for
shall be payable in cash or property, real
and personal, on such terms and condi-
tions as the Board of Directors may at any
time determine. All transfers of stock
shall be made on the books of the Com
pany and shall be signed by the stock
holder or his attorney. The corporation
shall commence business as soon as two
hundred and fifty shares of the stock
shall have been subscribed.
ARTICLE 6.
The business and affairs and corporate
powers of this corporation shall be trans
acted by Board of Six Directors who are
stockholders, to be elected at a meeting
to be held for that purpose on the first
Thursday of April of each year. The Di-
rectors thus elected shall serve for one
year or until their successors shall have
been elected and qualified. SAID Board
of Directors shall elect from their number
a President and Vice President who shall
serve until their successors are to be elect
ed and qualify; they shall have power to
fill vacancies occurring in the Board and
make such Bylaws, rules and repea-
tons as they deem proper for the tansae-
ton of the business and airs of said
Corporation, and change s,fer and smend
same at pleasure. app9St and fix the sal
ares Vi al - clerks and employees,
the same sorc6ange or dismiss at pleas
nre, 81 convey, mortgage, pledge, lease
- purchase property, movable, immova-
bic and personal, borrow and lend money,
issue notes and bonds make contracts
and sign or cause to be signed all neces
sary acts, deeds, etc., aud do all neces-
sery things in the management of said
business and in carrying out the objects
and purposes for which the corporation
was established. Four members of said
Board including the President or Vice
President shall constitute a quorum for
the transaction and management of the
business and affairs of the said corpora
ton.
ARTICLE 7.
This Act of Incorporation may be
changed, modified, altered OF said corpor-
alton may be dissolved at special meet
ing of the stockholders convened for that
purpose after fifteen days prior notice by
publication in a newspaper published in
the City of New Iberia, with the assent of
three fourths of the capital stock of said
corporation.
ARTICLE 8.
No stakeholder shall ever be held liable
or responsible for the contracts or faults
of said corporation in any further sum
than the unpaid balance due by him on
subscription to the capital stock, nor shall
any mere formality in organization have
the effect of rendering this Charter null
or OF exposing stockholder to any further
liability than the unpaid balance due on
said stock.
ARTICLE 8.
The following named persons shall con-
stitute the first Board of Directors to serve
until the first Thursday of April, 1908,
VIZ: w. Weatherford, j. c. Hardison,
Lester L. Hubbell. A. j. SuberhielIe, j.
+. Suberbielle and P. s. Bergerie.
ARTICLE 10.
This corporation shall be liuuidated at
the end OF its terms, or at it's earlier dis
solution, provided that the owners of
tnree-fourths OF the capital stock shall
nave agreed thereto at meeting called
Tor that purpose by three Commissioners
70 De selected by the Stockholders. 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 of either or two of
them, then the survivors or survivor alone
shall act.
Thus done and passed at my Office in
the City OF New Iberia, La, before Messrs.
ROBERT .. Bell and Joseph N. Thibodeaux.
competent witnesses, who have signed
snese presents with the parties and me,
Notary, after due reading of the whole on
the date above written,
Original signed:
L. I. HUBBELL, Al Shares.
by j. P. Suberbielle.
j. G. HARDISON. 2 Shares.