New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1907-08-31
ACT OF INCORPORATION.



Louisiana, duly commissioned aud quail
fed, aud in the presence of the witnesses
hereinafter named and undersigned, per
sonally came aud appeared the severa
persons whose names arc hprrunto sub
scribed. who declared that, awaiting
themselves of the provisions Of the laws
of this State relative to the organization
Of corporations, they have agreed and d,
hereby agree and bind themselves ms wei
~ such other persons as may become as
sociated with them aud their Successors
TO form aud constitute n corporation unc
body polite in law, for the objects aHr
purposes and under the conditions ant
stipulations as contained in and set fortl
in the following articles to-wl
ARTICLE l.
The name aud tito Of said corporation
shall bo "SuberbieIlo Company, Limited"
and II shall exist for the full term and
period of twenty years from the date oil
this charter.
ARTICLE H.
The domicilo Of this corporation shall
be in the City Of New Iberia, Parish OF
lberin, State of Louisiana, aud all clta
ton or other 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 II.
The objects and purposes for which this
operation is formed are declared to be;
the buying selling of property, real, per
sonal and mixed, corporal or uCoruorpal
the lending of money on mortgage and
other securities, to invest in bonds, stocks
other securities; to conduct the business
Of acting as agent and broker in purchases
and sales of property Of all kinds; effect.
ing loans; Fire, Life aud other kinds of
Insurance for any person, firm or corpo-
ration and to do II general agency and
as wei rs real estate business
also to deal in merchandise Of any and all
kinds; buy and sell cotton, rice, sugar,
cane aud other agricultural products;
lease, own and operate public warehouses.
cotton gins, mills and factories and do II
general manufacturing business.
ARTICLE ".
This corporation may sue aud be sued
in its corporate name; hold, have, receive,
purchase, convey, sell, mortgage. hypo-
,hecate, pledge, lease and suitcase, aud
enioy real and personal property; also
borrow money and make contracts, receive
grants OF land and personal property aud
make aud use corporate seal the same
o break and alter Mt pleasure; name or
appoint such managers, directors, officers,
,lerks and agents AZ the interests or con
,enience of said corporation may require:
make and establish such bylaws rules
md regulations for the proper manage
nent of the affairs of the said corporation
ls may be necessary and the same to
change and alter ut pleasure. and shall
possess all rights, powers and privileges
o which corporations aro OF may be by
my general law or laws of this State au-
horized TO possess.
ARTICLE V.
The capital stock Of this corporation is
,ereby fixed at the sum of Twenty Five
thousand dollars ($25, 000,) represented
~ Two Hundred and Fifty (250) shares
# ($l00) One Hundred dollars each. All
took subscribed for shall be payable in
ash, or property, real and personal on
UGH terms and conditions M tho board of
directors may at any time determine. All
transfers. of stock shall be made on the
looks of the Company and shall be signed
" the stakeholder or his attorney. The
orporation shall commence business as
Don as One Hundred and Fifty shares of
he capital stock shall have been subscrib.
d for.
ARTICLE VI
The business and affairs and corporate
overs of this corporation shall be trans
cted by beard of three directors, who
re stockholders, to be elected AT II meet |
NJ TO be held for that purpose on the
Durth Monday Of May of each year. The |
irectors thus elected shall serve for one
ear, or until their successors shall have |
cen elected and qualified. Said board |
directors shall elect from their own |
lumber President. Vice President and |
ecretary Treasurer who shall serve until
ieir successors are elected and qualified;
,ey shall have power to al vacancies oc.
1rring in the board and make such by
Iws, rules and regulations as they deem
roper for the transaction of the business
nd affairs of said corporation, and change,
ter and amend the same Mt pleasure. APP
pint and fix the salaries of all officers,
erks and employees, and the same TO
,ange and dismiss at pleasure. The
I'D board of directors shall have power
sell, convey, mortgage, pledge, lease
nd purchase property, movable movable
I'd personal; borrow and lend money;
sue notes and bonds, make contracts
I'D sign or caused to be signed all neees-
ry acts, deeds. etc, and do all neces-
ry things in the management of said
isiness and IN carrying out the objects
I'd purposes for which this corporation is
tablished. Two members of said Board
Guiding the president shall constitute
loIum for the transaction and manage
ent OF the business and affairs of the
id corporation.
ARTICLE VII.
This net of incorporation may he chang
, modified or altered, or said corpo.
ton may be dissolved at a special meet
e Of the stockholders convened for that
rpose after fifteen days prior notice by
blieaton in newspaper published in
g City of New Iberia, with the consent
reefourths of the capital stock of
id corporation.
ARTICLE VIII.
No stakeholder shall ever be held liable
responsible for the contracts or faults
said corporation In any further sum
m the unpaid balance, il any, due by
n on subscription to the capital stock,
r shall any mere informality in organi-
lion have the effect of rendering this
after null or Of exposing a stakeholder
any further liability than the unpaid
lance due on said stock.
ARTICLE TX.
The following persons shall constitute
} first board of directors, to serve until
J fourth Monday Of May 1908, viz: J
ul Suberbiele, Marie $. Patout and
gust j. Suberbiele, of whom J. p.
berbielle shall be President, Marie s.
tout, VieePresident and A. J. Suber-
lie, Secretary and Treasurer.
ARTICLE X.
This corporation shall be liquidated at
end of its term. or at its earlier dis
ution, provided that three fourths of
capital stock shall have agreed thereto
A meeting called for that purpose, by
ee commissioners to be selected by the
ckholders, said commissioners shall
tiuue to act until the business of the
pora'ion shall be entirely closed ard
iidated, and in the event OF the death
either or two of them, then the survi-
y or survivor shall act. =
Thus done and passed in the City of
" Iberia, Parish OF Iberia, Louisiana,
the day, month and year first above
item in the presence of Messrs. +. w.
IT and p A. Dauterive, competent wit
SEES of lawful age rasidinp in this Par