New Iberia enterprise and independent observer., 1907-08-31

said CORPORATION as may be necessary aud
the Same to alter and change at pleasure,
and shall possess al the rights, powers
and privileges to which corporations are
or NAV by any general law or laws OF this
Stote authorized and entitled to possess.
ARTICLE ).
The capital stock of this corporation IL
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 nersonal, on such terms and cOnd-
tions as the Board of Dire ectors 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 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 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
wear 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 elect
ed and qualify; they shall have pOSer 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 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,
issue notes and bonds make contracts
and sign OF cause to be signed all necpS
sary acts, deeds, ETC., and do all poces-
sary things in the management OF SAID
business and in carrying -odt the objects
and purposes for which the corporation
was established. Four members of said
Board including the President or Vice
President shall constitute a 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 ol 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 a newspaper published in
the City of New Iberia, with the assent of
three fourths of the capital stock of said
corporation.
ARTICLE 8.
No stockhoder 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 null
or Of exposing stockholder 20 any further =
liability than the unpaid balance due on
said stock.
ARTICLE 8.
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.. Hardisou,
Lester T. Hubbell. A. j. Suberbielle, J.
2. Suberbielle and p s. Bergerie.
ARTICLE 10.
This corporation shall be liduidated at
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 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
the City OF New Iberia, La, before Messrs.
Robert s. Bell and Joseph N. Thbodeaux.
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. Suberbelle.
J. G. HARDISON, 2 Shares.
by ]. 2. Suberbielle.
W. WEATHERFORD, Al Shares.
by j. P. Suberbiee.
A. B. SLACK, al Shares.
by J. p Suberbielle.
A. J. SUBERBiELLE,
81 Shares.
T. Z. BERGERIE, Share.
J. P. SUBERBIELLE,
Witnesses 80 sbares
ROBERT =. BELL.
Jos. N. THIBoDAUx.
F. W. BAUMAN, Notary Public.
Before me, G. G. McCardell, Notary
fubllc in and for Harris County, Texas,
personally appeared l.. T. Hubbell, J. G.
dardison, w. Weatherford and A. B.
olack, whose names appear as subscribed
20 THIS Charter and for the respective num-
oers OF shares in the liberia Cotton Oil
No., Limited as set against their names
ana being sworn, severally affirm that
.hey are subscribers as shown and that
,hey authorized j. P. Suberbielle to sign
.helr names thereto
Witness my hand and seal this 5th day
1f August, 1907
signed GEO. G. McCARDELL,
Nosary Public in aud for Harris County,
Texas.
Filled August 7th, 1907.
j. G. LEBLANC, Clerk.
state OF Louisiana, Parish of Iberia.
J. ). u Leblanc, Jr., Deputy Clerk
ne l9th judicial District Court in and fofs
ne rarlsd and State aforesaid, do hereby
'eftily the above aud foregoing Act of In,
OF Iberia Cotton Oil Co., Ltdf
laa oeen duly recorded In the records OF
ny once In Miscellaneous Book No. at
Folio
lh faith whereof, witness my signature
ma seal OF Office this 9Th day of August
u. isoi. J. g. LEBLANC, JR.,
Deputy Clerk.
n@~ a.