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

Iberia. State of Louisiana, and All e"a
tion or other legal process shall be served
unop the President of said corporation
ar in case of his absence or inahlilty 10
act, upou the NiCe-President.
ARTICLE li.
The objects and purposes for which this
IN, poratiou is formed are declared to be;
the huying selling of property, real, pei
,,raI and mixed, eorporeal orincorporeal
the lending of money on mortgage ana
othar securities; to invest in bonds, stocks
otbor sacuities; to conduct the business
! of acting as agent and broker ~ purchases
| and sales of property of all kinds; eiec'
| ing loans: Fire. Life aud other xmas OF
| Insurance for any person, urn or eorPo,
ration and to do n general agency ana
mandate as well as real estate business
also to deal III merchandise OF any ana all
! kinda; buy and sell cotton, rice, sugar,
cane and other agricultural products,
! leasp. own aud operate public warehouses,
cotton gins, mills and factories and do a
general manufacturing business.
ARTICLE ",
This corporation may sue aud be sued
in its corporate name; hold, have, receive,
purchase, convey, sell, mortgage, hYpo-
| thecate. pledge, lesfe and suitcase, ana
enjoy real aud pAsoNal property; also
borrow money aud make contracts, receive
grants of land and personal property ana
make and use a corporate seal the same
! 10 break aud alter at pleasure; name or
annoinf such managers, directors, officers
| rierks and agents as the interests or con
venience Of SAID corporation may require
make and establish such bylaws, rules
and regulations for the proper manage
ment of the affairs of the said cOrpOl alton
ss may be necessary and the same to
change and alter at pleasure. and shall
possess all rights, powers and privileges
| To which corporations are OF may be by
any general law or laws of this State an
thorzed to possess
ARTICLE V.
| The capital stock of this corporation is
| hereby fixed at the sum of Twenty Five
Thousand dollars (f25, 000,) represented
| by Two Hundred aud Fifty (25O) shares
of $1,000 One Hundred dollars each. All
stock subscribed for shall be payable in
cash. or property real and personal on
such terms and conditions as the board Of
directors may at my time determine. All
| transfers of stock shall be made on the
books of the Company and shall be signed
by the stakeholder or his attorney. The
corporation shall commence business as
soon as One Hundred aud Fifty shares of
the capital stock shall have been subscrib-
ed for.
ARTICLE VI.
Ia, htt,I off air a
powers of this corporation shall be trans
acted by board of hree directors, who
are stockholders. to be elected at meet
ing to be held for that purpose on the
fourth Monday of May of each year. The
directors thus elected shall serve for one
year. or until their successors shall have
been elected and qualified Said board
of directsrs shall elect from their own
number - President, a Viee-President and
Secretary Treasurer, who shall serve until
their successors are elected and qualified;
they shall have power to fill vacancies oc-
curing in the board and make such by
laws, rules and regulations as they deem
proper for the transaction of the business
and affairs of said corporation, and change,
alter and amend the same at pleasure, APP
point and fix the salaries of all officers,
clerks and employees, and the same to
change and dismiss at pleasure. The
said board of directors shall have power
to sell, convey, mortgage, pledge, lease
and purchase property, movable movable
and personal; borrow and lend money;
issue notes and bonds, make contracts
and sign or caused to be signed all neces-
sary acts, deeds, etc, and do all neces-
sary things in the management of said
business and IN carrying out the objects
and purposes for which this corporation is
Established Two members of said Board
including the president shall constitute
quorum for the TRANSACTION and manage
ment Of the business' and affairs of the
said corporation.
800. ARTICLE VII.
Ills act of incorporation may be chang
ed, modified or altered, or said corpo-
ration 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 consent
of three fourths of the capital stock of
said corporation.
ARTICLE VIII.
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, if any, due by
him on subscription to the capital stock,
nor shall any mere informality in organi-
cation have the effect of rendering this
charter null or of exposing a stakeholder
to any further liability than the unpaid
balance due on said stock.
ARTICLE TX.
Tke following persons shall constitute
the irst board of directors, to serve until
the fourth Monday of May 1908, viz J
Paul Suberbielle, Marie s. Patout and
August J. Suberbielle, of whom J. P.
Suberbiele shall be President, Marie s.
Patout, VieePresident and A. j. Suber-
bielle, Secretary and Treasurer.
ARTICLE X.
This corporation shall be liquidated at
the end of its term. or at its earlier dis
solution, provided that three fourths of
the capital stock shall have agreed thereto
at 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
OR either or two of them, then the survi-
vors or survivor shall act.
Thus done and passed In the City of
New Iberia, Parish of Iberia, Louisiana.
on the day, month and year first above
written in the presence of Messrs. L. w.
Hart and P. A. Dauterive, competent wit
nesses of lawful age residing in this Par
ish, who hereunto sign their names with
said parties and me, Notary, after due
reading of the whole.
J. 2. SUBERBIELLE, IS Shares.
MARIE s. PATOUT, so Shares.
Per J. P. Suberbielle. |
A. J. SUBERBIELLE, Is Shares.
Witnesses