New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1907-08-24


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 AZ 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 a 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
rsctors thus elected shall serve for one
year or until their successors shall have
of Directors shall elect from their number
a President and Vice President who shall
! serve until their SUCCESSORS are to he elect
cd and qualify; they shall have power to
| fill vacancies occurring in the Board and
make such Bylaws, rules and regula-
tons as they deem proper for the transac-
ton Of the business and affairs of said
Corporation, and change, alter and amend
same Mt pleasure. appoint and fix the sal
aries of NIL officers, clerks and employees,
the same to change or dismiss at pleas
ure, sell, convey, mortgage, pledge, lease
and purchase property, movable, immo;sa-
BILE and personal, borrow and lend, money,
issue notes and bonds mabse contracts
and sign OF cause to be ~;lgned all neces-
sary acts, deeds etc, and do all neces-
sery things, in the management of said
business and in carrying out the objects
apH purposes for which the corporation
was established. Four members of said
Board including the President or Vice
President shall constitute quorum for
the transaction and management of the
business and affairs of the said corpora
ton.
ARTICLE 7.
This Act of Incorporation NAV be
changed, modified, altered o, said corpor-
alton may be dissolved at special meet
ing Of the stockholders convened for that
purpose after fifteen days prior notice by
publication Ia 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 Iable
or responsible for the contracts or faults
OF said corporation inS 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 mil
or Of exposing stakeholder TO any further
liability than the unpaid balance due on
said stock.
ARTICLE 9.
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. G.. Harrison.
Lester 7. Hubbell. A. j. Suberbielle, J.
T. Suoerbielle and P. s. Bergerie.
ARTICLE 10.
This corporation shall be liouidated nj
the end of its terms, or at it's earlier dis.
solution, provided that the owners OF
three-fourths of the capital stock shall
have agreed thereto at a meeting called
for that purpose by three Commissioners
to be 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 OF survivor alone
shall act.
thus done and passed at my Office in
tne City OF New Iberia, La, before Messrs
ROBERT ). Bell and Joseph N. Thibodeaux,
competent witnesses, who have signed
these presents with the parties and me,
Notary, after due reading of the whole on
the date above written.
Original signed
l.. 7. HUBBELL, al Shares.
by }. p. Suberbele
j. G. HARRISON, 2 Shares.
by j. P. Suberbielle.
w. WEATHERFORD,4 Al Shares
by j. P Suberbielle.
A. b. SLACK, al Shares
by j. p Suberbee.
A. j. SUBERBlELLE,
so Shares.
2. E. BERGERIE, Share.
49,. j. p. SUBERBIELLE,
Witnesses so Shares.
ROBERT 3. BELL.
JOS. N. THIBoDAux.
~ D+AS MAN, INObdry IuDllc.
Before me. G. G. McCardell, Notary
'ablic in and for Harris County, Texas,
personally appeared l.. r. Hubbell, j. g.
dardison, w. Weatherford and A. b.
'iack, whose names appear as subscribed
euis Charter aud for the respective num-
ers Oh shares in the liberia Cotton Oil
w., Limited, as set against their names
~. oeing sworn, severally affirm that
uey are subscribers as shown and that
ney authorized j. P. Suberbielle to sign
heir names thereto.
witness my hand and seal this 9Th day
August, 1907.
lgned GEO. G. MoCARDELL,
otary Public In and for Harris County,
Texas.
Filled August 7th, 1907. -.
j. q. LEBLANC, Clerk
State :, , 8
state OF Louisiana, Parish of Iberia.
20. ", Leblanc, Jr., Deputy Clerk Of
- Istn judicial District Court in and for
70 rarlsh and State aforesaid, do hereby
'r.'Iy the above and foregoing Act of In,
'iPofauon OF Iberia Cotton Oil Co., Ltd.f
~ Deen duly recorded in the records OF
o = oihee IN miscellaneous Book No. s at
=, "a I iaith whereof, witness my signature
~ sea- OF Office this 9Th day of August
ioof' J. Il. LEBLANC, JR.,
Deputy Clerk.
'Os. = Col
SION MERCHANTS , ,';;;:
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