New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1910-11-12

heah OF aite1 at pleasure, To hold, r.
celv,., I, I.-a,e PURCHASE and corvrs, rs
well DIS MOI 54le, pledge aud hSpo'hecate
property. rra', personal and mlAed, cor
on tt! and lncOrpOreaI, 10 CauIe aud ap-
point sue! iuanagrrs, agents, director
aud Ulcers as It's busiues. Interests aud
,ouv, uIence may require, and TO make
aLd -stuhIsn, ~ weiI n, alter and amend
! .,ou tine ~" u,- sach bylaws, rules
nd regulations tor The proper government
Of II, fure vi the said corporation ~
may De necessary end proper.
ARTICLE =.
The tlomiclle OF the said corporation
shall be at Avtly Island. III the rnrl>h OF
iheiia, state OF l.ouI>Iana, and ali citations
Or othet legal process shall he srtved up
on tie Prem OF the said Corporation,
or In the event of his absence, upon the
Secretary OF sand con- Grafton.
AkFlCLE,3.
The objects ANA urro>rs for which this
corporation ~ cst0 b ,>hrd ami The nature
OF the business To be carried on toy II ale
hereby drclar, d aud -prcIti, d to he.
70 purchase ANA owh mining lands in
the Stale ui Louisiana ard elscW here, aud
minerals undr rlying such lands, with the
night OF mining "nd removing same, and
! 10 open AMI , oIk nin+s OF all Sorts, and
IN general to 40 ard perform hi such acts
a may be grrunnr 10 thc geleiM Iur-
poses hereln"bovr declared,
ARTICLE
Tue capital -Jock OF the said corpora.
t,uu j. t,ItbN fla Il II The sum Ct one
| HunGlt Il h,u>auI 500. goo COZ Dollars
10 tc divided INTO ana represented by one
| thousand (l0UO) shares of stock "i the
nnr value If One Hundred ($lu0 ii' lar
each. said STOCK shalt be paId for u oR1a
| al such time rnd III such au..' = ana
after such notices 10 the sut'}cjlptrs AZ
may b, hx, d by The Board al Dtrrc'ors,
/ o. The saruc may bv i-sneti Ter labor dplre,
,,lvfc,, rei,u.,r t ur tnpilrt -, puIe'tS nr'
tubIl, ler.,, v,d or pu,uner, d by the snii
con uraI Ion upuu rucA .itn- and IN sbeh
nin,.a,tt. mid NJ such tl,u-> as may I've
tir->tfft,.d hy rhp DonrG ct ! directors. The
COMPUTATION shaii b come going concern
ynn shall hr authu, 2..d 10 commence bh:l-
| MSS as SOON n seNph hundred suu II -
100 shnrp- vi tue said e.pital stock
shnli have been Subscribed tor.
Ak1ltLE >
All the corporate powers of the sEli
col pnritlon shah be vested III and exer-
Gi>t Il ny II bDdlu w hii'N''io w w w
pose oi thr,t persons to te elected ann
uaIt> on thu second Tnr sday of january Ct
each ven. .Ac,y.t lhe first Board OF Di-
i.ciols naiu.d III ihis hart.r, who shall
hold tn. il ctflc, until The ~ Ii da, OF Jan
ualy. 1872. ur uuii. their succ. ssors al.
.lerttd and quaihcd.
All such elections for Directors shall be
b, halior aud conduc:,u at the flee of
two Comm, s-innrrs to be appointed by
the Beard ul h rectots. Nolce OF such
| ri, ctlon stall be- given not less IMAM ten
days priol to su' h election by written or
printed noiic, to be ma i, TO acn stock
| holder al his usual piac, OF res'd, nee.
| Every sto,kGuidtr shall b- eutItled to
one vote for each share ui stock standing
~ his uatue on the books OF the Compan,
to te cast either M person Or 10y proxy,
and the mr jority Of the votes cast shall
elect.
Any vacancy occurring among the Dr.
rectUrs 10y death, resignation or otherwIse.
may be filled by election Tor The remain-
der OF he term OF Tho Board by the re-
manning Directors.
The faln,e to elect Directors on the
date above specified snail! not desove The
corporation, but the directors then III OF
ice shall remain III iii until their sue
cessvrs are elected and qualified, and
stall cause another election to be held as
soon Tia practicable thereafter aitel notice
shall be given a. above provided.
Each Director shall he en,llltd to vote
at meetings of he Board eith-r in person
II by proxy, aud ID III Jprty OF the Board
of directors p,tseht ii her IN person OF
by proxy shall CONSTITUTE aquOrum tOI the
transaction OF business.
The first Board OF Directors named in
this Charter and such Boards Ms may be
thereafle err elected liz ace .rdanee herewith,
III all he Elected IN II: I be ir own number y
Preside Mt, and they Shall aieo elect the
secretary who may OF may not be mem
Der OF the Board. The Bohld Of Direc'
tons shall have. power to 81. ct The snint
person to fill twOOr more OF the tf1ices
above provided.
The said board may make and estab
lish. as well Ms alter ahd amtnd, any anC
all bylaws, rules and rtgulations neees
saty Ind proper + The cOh'uct anC
management Ut the business ahd affair
of tue said cUrpoiution, and the said
Board shall hav. iull power and authorif }
to borrow money, execute mortgages nnC
create liens, issue notes, bOLds OI Othel
obligations, amt generally tO do all thing
reasonable or necessary for tn. proper
carrying on Of the business OF the said
corporal ron, aud also, rs ab"ve provided
to Issue aud deliver the fully paid shares
of stock for cash, or IN payment OF labor
done or services rendered or property ACT
uaiiy received, upon such terns aud con.
uittUus rs it may seq fit
ARTICLE
At the expiration OF this Charter. or in
the event OF lhe prior dissolution Of the
corporation, 1t shall be Iiquidated by two
commissioners 10 be elected by the Board
Of Dire ctors, which said commissioner
need not necessarily be stockholders
aud the said commissioners shal
have full power to sell all the asset.
of the property, both real aud personal oil
he corporations, and 10 convey tuIl and
coin,eIefe title thereto aud to do all acts
essential or proper to II full and compl-t.
liquidation of its affairs and dist riDutior
Of the proceeds, II nny, among the stock
holders.
ARTICLE
No transfers of stock shall be admitted
or held to be valid and binding 70 far n
the Company IL concerned unless made OF
the books OF the Company, aud no sale o
transfer shall lie valid in any event un
a 80 dova hall h.