New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1907-09-07

Al VI
term and period of twenty years from the
date hereof.
ARTICLE 9.
TN, domicile of this company shall be
IN Tho CITY of New Iberia State OF louis.
s;ano and all citations and legal process
I shall he served upon the President OF said
! Cornorstion or IN case Of his absence or
;nohiiitv IN act upon the Vice-President.
ARTICLE 3.
10 nlant cultivate, buy and sell rice,
sugar cane, corn. cotton and other agrl-
cultural PRODUCTS; to build and MAINTAIN
worahouses for the purpose of receiving,
storing. keeping and fol warding same IN
, tho usnal course of business erect, lease,
own and operate rice mills, sugar MUS
and refueries, corn mills, cotton glnnelies
and manufacture agricultural products az
well as the by-products of same INTO any
article of commerce; own, lease, operate,
drainage, navigable and irrigatlng canals,
water crafts. tramways and railways III 80
far ms these are necessary to the operation
of the foregoing purposes, the feeding and
grazing of cattle and to prepare the same,
| IFS products and by-products into market
able products, enter into contracts with
| farmers or other persons for the purpose
of cultivsting crops of all kinds, aud for
! seeming the same for the mills and fac
tories which said company may operate,
subscribe to and hold stock in other cor
porations of kindred nature, and to do
| any and all things that may be necessary
to carry out any all of the objects named.
ARTICLE A.
This corporation may sue and be sued
in its corporate namo, hold, have, receive,
purchase. convey, sell, mortgage, hypo-
! thecste, 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 aud use a corporate seal,
the same to alter and break at pleasure;
name aud appoint such managers, direc-
| tors. officers clerks and agents as the in
| terest and convenience of said corpora
ton may require, make and establish such
| BYLAWS, rules and regulations for the
proper management of the affairs OF the
said corporation as may be necessary ana
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 IL
hereby fixed Mt the sum of Twenty Five
Thousand dollars represented by Two
Hundred aud Fifty shares OF One Hundred
dollars each. All stock subscribed Tor
shall be payable in cash or property, real
and personal, on such terms and eondi-
tions az the Board of Directors may at any
time determine. All transfers OF STOCK
shall be made on the books of the Com
panv and shall be signed by the stock
Tha rnf M
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 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 ID
reetOrs thus elected shall serve for one
wear or until their successors shall have
been elected and qualified. Said Board
of Directors shall elect from their number
President and Vice President who shall
serve until their successors areto be elect
ed and qualify; they shall have power to
fill vacancies occurring in the Board fid
make such Bylaws, rules ard regula-
tions as they deem proper Tor the transao-
ton of the business and affairs of said
Corporation, ane Change, alter and amend
same at pleasure, appoint and fix the sal
arir7 vi all officers, clerks and employees,
me same to change or dismiss at pleas
ure, sell, convey, mortgage, pledge, lease
and purchase property, movable, immova-
BILE and personal, borrow and lend money,
issue notes and bonds make contracts
and sign OF cause to be signed all neces
sary acts, deeds, etc, and do all neces-
ssry 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 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, on 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 newspaper published in
the City of New Iberia, with the assent of
three fourths of the capital stock Of said
corporation.
AhIlCbE D.
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 mil
or OF exposing a 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. 1903
viz: w. Weatherford, J. C. Hardison.
Lester T. Hubbell. A. j. Suberbielle. ].
Z. Suberbielle and P. s. Bergerie.
ARTICLE 10.
TINS corporation shall be liquidated at
the end of its terms, or at its earlier dis
solution, provided that the owners of
three-fourths of the capital stock shall
nave agreed thereto at meeting called
Ior That purpose by three Commissioners
TO be selected by the Stockholders. Said
commissioners shall continue to act until
ehe business OF the corporation shall be
ehtirely closed and liqnidated, and in the
event OF the death of either or two of
them, then the survivors or survivor alone
shall act
mus done and passed at my Office in
the City of New Iberia. La, before Mes.rs.
robert ). Bell and Joseph N. Thibodeaux.
competent witnesses, who have sipned
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 J. p. Suberbielle,
j. Z. HARDISON, Shares.
by J. p. Suberbielle.
w, WEATHERFORD A, oL