New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1907-08-10


proper management of the affairs of the
said corporation .ss 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 s.
The capital stock of this corporation is
! hereby fixed Mt tsle 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 az the Board of Directors may at any
time determine All transfers of stock
shall he 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 aud 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 elsct-
ed and qualify; they shall have power to
fill vacancies recurring 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
and change, alter and amend
same at pleasure, appoint and fix the sal
aries of all officers, clerks and employees.
the 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,
ssue notes and bonds ; make contracts
and sign OF cause to be signed all neces-
'ary acts, deeds, etc, and do all neees-
'ery things in the management of said
business and in carrying out the objects
md purposes for which the corporation
vas established. Four members of said
Board including the President or Vice
resident shall constitute quorum for
he transaction and management of the
business and affairs Of the said corpora
ion.
Ahl1CLE 4.
This Act of Incorporation NAV he
hanged, modified, altered, or said corpor-
tlon may be dissolved at a special meet
ng OF the stockholders convened for that
purpose after fifteen days prior notice by
nblleatlon In newspaper published in
ne Clty OF New Iberia, with the assent of
hree fourths of the capital stock of said
ARTICLE 8.
No stakeholder shall ever be held liabIe
I responsible Tor the contracts or faults
said corporation in any further sum
nan the unpaid balance due by him on
INSCRIPTION to the capital stock, nor shall
ny mere lormallty IN organization have
he effect of rendering this Charter null
Oh exposing stockholder to any further
aoillty than the unpaid balance due on
aid stock.
ARTICLE 9.
The following named persons shall oon-
ltute the first Board of Directors to soryo
ntll the first Thursday of Anril zoos
u: W. Weatherford, J. C. Harrison
ester T. Hubbell, A. J. SuberhieIIe I
Suberbielle and p s. Bergerie.
ARTICLE 10.
This corporation shall be Inundated a.
e end of its terms, or at it's earlier dis
luton, provided that the owners ~
ree-fourths of the capital stock shall
I'VE agreed thereto at Meeting oaIlal
that purpose by three Commissioners
De selected by the Stockholders. Said
'mmissioners shall continue TO act mill
business of the corporation shall he
slrely closed and liquidated, and in tho
eht OF the death of either or two of
EN-, then the survivors or survivor alone
all act "i'iio
mus done and passed at nv office in
city OF New Iberia, La, before Messys
pert .. Bell and Joseph N. Thibodeaux
hpeteht witnesses. who have signed
use presents with the parties and me
'ary, after due reading of the whole on
date above written.
original signed
L. L. HUBBELL, al Shares,
by }. P. Suberbielle.
D. Z. HARRISON, 2 Shares.
w by j. 2. Suberbielle.
w. WEATHERFORD,4 Al Shares.
j. P. Suberbielle.
"A. b. SLACK, Al Shares.
by J. p Suberbielle.
A D. SUBERBlELLE,
n,,,o so Shares.
T. =. BERGERIE, l Share.
j. Z. sUBERBIELLE,
,OBBRT s. BELL. Sn"res.
os. n. THIBoDAUx.
r. W. BAUMAN, Notary Public
eiore me, q, Q. McCardell Notoru
'he IN and FOR Harris County rax.s
'ohaly appeared Il. T. Hubbeu ] q
dlson, w. Weatherford and A p
M whose names appear as subscribad
us Charter and for the respective nnn.
Oh shares In the liberia Cotton oil
Limited, as set against their namas
peing sworn, severally affirm that
are subscribers as shown and that
authorized j. P. Suberbielle Ia sion
T names thereto.
illness my hand and seal this 9Th do,
ugust, 1907 '
ed GEO. G. McCARDELL.
Wy Fuoilc In aud for Harris County.
,xHs. 1"'y'
led August 7th, 1907.
J. G. LEBLANC, Clerk.
.a'e OF Louisiana, Parish of Iberia.
.. "; LeBlanc, Jr., Deputy Clerk of
! yudlcial District Court In and for
arisn ana State aforesaid, do hereby
- tne ABOVE and foregoing Act Of In,
' 'n OF Iberia Cotton Oil Co., Iad.f
oeeh auiy recorded in the records 70
ni'e III miscellaneous Book No. at
laith whereof, witness nv signature
'eal OF Office this 9Th day Of Angnst -
i00'' ). g. LEBLANC, JR., ~
Deputy Clerk.
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IS. + Col
ON MERCHANTS , .:;;;:
!. New Orleans