New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1910-11-19

use corporate seal and the same
break or alter ut pleasure; to hold, r
ceive, release. purchase and convey,
we'll as mortgage, pledge aud hypotheca
: property. real, personal and mixed, co
, poreal and incOrporeal; to Eame and n
point such managers, agents, directo
and officers as its business interests All
convenience may require, and to max
aud establish, ~ we'll NJ alter and amen
from time to slime such bylaws, rul.
aud regulations Tor the proper goveInmeI
Of the affairs of the said corporation 3
may be necessary and proper
ARTICLE 2
! The domicie OF the said corporatio
shall be ut Avery leland, i'll the Parish ,
lbeIia. State Of Louisiana, and all citation
or other legal process shall be served III
on the President of the said Corporation
or In the event of his absence. upon th
Secretary Of said corporation
AkTlCLE,3
The objects and purposes FOR which thi
corporation Is established and the natur
OF the business to be carried on by it al
hereby declared and specified to be.
To purchase and own mining lands il
the State OF Louisiana and elsewhere, ~
minerals underlying such lands, with IN,
right OF mining and removing same, ant
to open and work mines OF all sorts, ant
in general to do and perform all such act,
az may be germane to the general pur
poses hereinabOvs declared.
ARTICLE T.
The capital stock OF the said corpora
ton il hereby fixed at the SUN CT One
| HuuSpoA Th.uvsua II
to b. divided into and represented by one
thousand (l0O0) shares of stock OF the
par value OF One Hundred ($l0O. Dollar,
each. Said stock shall be paid for in cash
ut such time and in such amounts and
after such notices to the subscribers as
may be fixed by the Board OF Directors,
or the same may be issued for lat or done
services rendered or money or properly ac.
tuslly received or purchased by the said
corporation upon such terms and in such
amounts and at such times as may be
prescribed by the Board OF Directors. The
corporation shall become going concern
! and shall DO authorized to commence bust
ness a. soon ~ seven hundred and fifty
(750) shares OF the said capital stock
shall have been subscribed for.
ARTICLE S.
All the corporate powers Of the SAID
corporation shall be vested in aud exer
cised by Board of Directors to be com
posed Of three persons to be elected ann
ually on the second Tutsdsy of January OF
each year, except the frst Board of Di-
rectors named in this Charter, whe shall
hold their offices until the l2' day of Jan
oary, 1912, or until their successors are
elected and qualified.
All sncb elections for Directors shall be
by ballot and conducted at the office of
the corporation under the supervision Of
two Commissioners to be appointed by
the Board Of Directors. Notice of such
election shall be given not less than ten
days prior to such election by written or
printed notice to BE- mailed to zach stock
holder at his usual place Of residence.
Every stakeholder shall be entitled to
one vote for each share of stock standing
in bis name on the books Of the Compan,
to be sast either in person or by proxy,
and the majority Of the votes cast shall
elect.
Any vacancy occurring among tho Di- |
rectors By death, rssignsfi0n or otherwise,
may 10 filled by election for the remain
der Of the term Of the Board by the re-
Directors.
The failure to elect Directors on the
date above specified shall not desolve the
cooperation, but the Directors then in Of
ice shall remain in ofiSs until their sue
ssssors are elected and qualified, and
shall cause another election to be hold ~
loon ~ practicable thereafter after notice
hall be given ~ above provided.
Each Director shall be entitled to vote
It meetings Of the Board either in person
n BY proxy. and \ majority of the Board
Il Directors present either in person or
y proxy shall constitute quorum fol- the
transaction Of business.
The first Board Of Directors named in
bis Charter and such Boards as may bs
hereafter elected in accordance here with.
b al b elected from their own number q
President, and they shall also elect the
ecretaly who may or may not be a mem
'er OF the Board. The Board OF Dirsc-
ors shall have power to elect the came
'sfsoD to fill two or more Of the Offices
bove provided.
The said Board may make and estsb-
lsh, ~ we'll Is alter and smend, any and
II bylaws, rules and regulations neses-
sry and proper fr the conduct and
Of the business and affairs
the said corpoI alton, and the said
|osrd shall have full power and authority
D borrow money, execute mortgages and
reats liens, iseue notes, bonds OF other
and generally to do all things
'ssouable Or necessary for the proper \
srrying on Of the business OF the said
'rporaaion, and alse, ~ abeve provided,
} issue and deliver the fully paid shares
stock for cash, or in payment Of labor
me or serviees rendered or property act
lily received. apon such terms and con-
tions - it may see ft.
ARTICLB6.
At the expiration Of this Charter, or in
. event OF the prior dissolution Of the :
1t shall be iiquidated by two
to DO elected by the Board
Directors, which said commissioners
'ed not necessarily be stockholders,
ID the said commissioners shall
W full power to sell all tho assets
the property, both real and personal Of
E corporation, and to convey full and
mpelste title thereto and to do all acts
Dential or proper to a full and complete
Of its sfairs and distribution
the proceeds, il any, among the stock. .
lders.
ARTICLE
No transfers OF stock shall be admitted
held to b valid and binding 20 far 40
} Company 10 concerned unless made on
books Of the Company, aud no sale or
nsfer shall Be valid in any event uu.
. and until sixty days notice shall be q
on to the President Of the Company,
oss duty it she'll b to notify oil stock.
ders, who within the said period Of
t. days shall have the privilege, in
por' ion to their respective holdings Of
81, to buy the stock proposed to b.
ct the price bona 6de bid for tho
~, or ct the current market price. pro.
Cd that the above Limitation upon the
It Of alienation shall not apply to al
} OF transfer from one stakeholder to
thss stakeholder, and provided farther
the said Limitation shall not spply to
snsfsr BY will Or BY Inheritance o..
to one not mem her OF the family Of
Dasod stockhoiaer.
ARTICLE 8.
10 act Of Incorporation may be modified,
ged or altered. or the said corporation NAV |
ssolved with the assent Of three fou rths Of
apttal stock represented It general meet. Il
4 the sfoekholders convened for such pur. Il
after written notice 70 each stoekholde
% 70 him 1t his usual place Of residence at
ing.
ARTICLH 9.
hn1A hail r. h>NA H.