New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1910-04-23
CHARTER or
WeSI New |beII0 l0nd COIDp0NJ.


the presence Of the witnesses hereiDafte
named aud undersigned,
Personally came and appeared the sew
eral persons whose names are hereunf
subscribed, aud who declared that avail
ing themselves of The provisions Of tn
laws of the State OF Louisiana relative T.
the formation and organlza'is"s o' corpor
, atoms, they have agreed and do hsreb
agree and bind Themselves, ~ well ns stici
other persons us may become nssoclate'
with them and their successors TO fora
and constitute "A body polite IN law 10
the purposes md under the conditions au'
stipulstious contained in and get forth IL
the following Articles. io-wrt:
ARTICLE /.
The name aud tito Of said corporation
shall be the West New Iberia Land Com
pany and it shall exist for The full tern
and period Of ninety nine years from date
hereof.
ARTICLE II.
The domirie of this Company shall be
in the City OF New Iberia, Parish " Iberia
Louisiana, aud ali citations or other gal
process shall bs served upon the PresIlcu
of said corporation, or IN case of his alb
seuce OF inability to act. upon the Vice
President, and in case Of the absence OF
inability OF both the President and Vice
| President, upon this Secretary.
ARTICLE III.
| The objects and purpose. s for which this
corporation is formed are declared to be
the buying and selling of real estate in it,
own name or for others, TO develops and
reclaim lands and to engage in general
land and realty business.
ARTICLE ~.
| This corporation may sue or be sued in
its corporate name. hold, have, receive,
purchase, convey. sell mortgage, hypoth-
ecate, pledge, lease, suitcase and enjoy
real and personal property; also borrow
money and make contracts, receive grants
of land aud pers nal property and uske
use of Il corporate seal the same TO hreak
and alter al pleasure; name or appoint
such managers, directors officers, agents
and clerks rs the interest and convenience
OF said corporation may require; make and
establi,h such bylaws, Jules and regula-
tons for the proper management of the
affairs Of said corporation rs may be nee
esSary. and the same to ate rnd change
At pI' assure, and shal posse all the
rights, powers and privileges 10 which cor
ptratiope hre or MAJ be or in general law
| or laws of this State to possess ..
ARTICLE
The capt l stock OF this corporation is
| hefeby fixed ut the SUM Of Forty Thou
sand Dollar, represented by four hundred
shares OF One Hundred Dollars each
| All stock subscribed for shall be paya-
| BILE In cash, or property, real or personal,
on such terms and conditions as the Board
of Directors may at any 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
| This corporation shall commence nus-
ness II. soon as two hundred shares Of he
capital stock shall have been subscribed
for.
'' ARTICLE VI
The business aud affairs Of this Corpor-
| alton shall be Transacted by a board of
| five directors who are Stockholders, to be
elected Mt a meeting to be held for that
purpose on he second Monday Of January
of'-ach year. Tn Directors thus elected
shall serve for one year, or until their sue
Ct ssors shall have been duly elected and
qualified. The Beard of Directors shall
eee from their number n Pr. sidpnt and u
| Vice President, a Secretary ana Treas
| nrer, who shall serve until their sue cessots
are elected aud qualified; aud they shall
have power TO I'll vacancies occurring in
| the Board, and make such by laws. rules
| and regulations ~ they deem proper for
the transaction of the business and affairs
| Of said Corporation, and change, alter and
| amend same at pleasure, appoint and fix
| the salary Of ill officers, clerks and en-
| ployecs, and the same to change and dis
miss at pleasure by the said Board OF Di-
| rectOrs.
The Board of Directors shall have power
to sell convey, mortgage, pledge, lease,
! purchase property, borrow and lend mon
| ely, issue notes and bonds, make contracts,
and sign or cause to be signed all neces-
| sary acts, deeds. etc, and do all things
necessary and needful in the management
OF said Corporation and in carrying out
| the objects and purposes for which this
Corporation is established.
-Four members of said Board of Directors
shall constitute quorum for the transac-
ton and infringement Of the business and
| AFFAIRS OF this Corporation.
The said Board Of Directors shall have
the power TO appoint from their numbers
~ executive Board and to vest the said executive
Board fully and completely with all powers auth.
I n " I.Sy
Ar,;cl. v.stad T.; a. ~ ~ n ~. s.. S % 'ns
above provided for; and the acts Of said executive
Board within the authority delegated To IL .hnli
be ousidered M the acts Of the Board of D,rec.
tors; and the said Board of Directors ehnjI have
the right to amend abridge, extend or recall the
authority vested in the said executive Board 4,
its discretion may dictate - - -.
All meetings OF the Board Of Directors shall he
held after notice given to each Direeto, AZ east
ten days prior to the date fixed for said meeting
by mailing him notice giving tho purposes OF
said meeting the bour and place thereof and the
purposes for which convoked, and by addressing
him At his usual Post ONCE address. 1861
zach Director shall have the right to appoint
any member OF the Board OF Directors or any
other stocknoider 10 represent him at said meet
ing, ana SAID appointment shall Invest tn person
holding said proxy with all Of tho rights powers
ana authority vested in the Director so making
the appointment.
q. ARTICLE VII, - ..l....
Tnis AMT incorporation may be changed, mod
ihed or altered. or said corporation may be dis
solved at q special meeting OF the stockholders
convened for that purpose after ten days prior
notice by publication In a newspaper published in
the City OF New iberia OF by sending such notice
through the mali, with the consent of three
fourtbs OF the capital stock OF said corporation
ARTICLE Viii
ponsioIe 'or the contracts or fanits said Corpor
nt'o, IN any further sum than the unpaid balance
II any due by him on subscription TO the capital
ton have the effect Of rendering this charter null
n N "a o.. hal In