New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1911-03-04


modities Of trade that can be mx1e or e1-
trscted therefrOm; to sell such products
either in a law or manufactured state: to
buy aud purchase crops Of sugar cane or
other articles that can be made there
from, to MAINTAIN, conduct and operate y
refinery or central factory; TO construct,
MAINTAIN and operate tramwsys, railroads
aud other roads that may be deemed ne
eesHary for the transportation of cane aud
other products, as we'll as sugar. nolAssss
and other articles made therefrom to aad
from the refinery or central factory OF
said corporation, and generally 70 do and
perform anything and everything perth
nent or incident to the general purposes
hereiubefore stated.
ARTICLE ".
The capital stock OF this company is
hereby fixed At the sum OF three hun
dred thousand dollars, to be divided into
| three thousand shares Of . par value Of
one hundred dollars each, which shall be
paid for in cash OF in the purchase OF
property. All shares OF lock shall be full
| paid and non accessible. No transfer of
stock shall be recognized or be binding
| upon the company unless made pursuant
to its bylaws aud recorded upon the
| DOCKS OF the company.
| This corporation shall become . going
concern ~ soon as ono hundred thousand
dollars Of its capital stock sha all have been
subscribed and paid for.
| ARTICLE V.
| All the corporate powers Of this corr
Grafton and the management aud control
OF its affairs, in the matter Of purchasing,
mortgaEing, selling, contracting obligA-
tons and doing all things necessary to
carry out tho powers granted by this
Chatter and the purposes Of the corpora
ton, shall be vested in and exercised By
the Board OF Directors composed OF seven
stockholders, four Of whom shall consti-
tute . quorum for tho transaction OF its
Guinness.
| The FIRST Board Of Directors shall hold
ONCE for period Of three years. and their
successors shall be elected annually ON
on the first Monday Of March 1914, and
annually thereafter on the first Monday
Of March. Each stockholder shall be
entitled In person, or by proxy, to one
vote on every share owned by him, and
said election shall be held under such
rules and regulations ~ may be provided
by the Board OF Directors.
Any vacancy on the Board Of Directors
shall be filled by the Board for the IN
expired term.
The said Board Of Directors shall
continue in Office until March, 1914, %
aforesaid, or until their successors shall
have been duly elected and qualified, and
any fainre to elect shall not Be regarded
As forfeiture of this Charter. The said
Board shall have tho right to appoint any
clerk or employee Of the corporation ~ IL
may deem fit and expedient and for the
piO per management and control of said
business.
The President shall have authority Il
sue in behalf of the corporation without
q special authorization Of the Board Of
Directors.
i ARTICLE vi.
This act o incorporation may b
changed. modified or altered, or this sor.
poration may be dissolved with the ~.
sent Of three fourths Of the stock present
or represented, a. \ general meeting con.
vsned for that purpose, and after ct least
ton days written notice shall have been
given through mail addressed to each
stockhold ct bis last known place oil
residence.
| ARTICLE VII.
No stockholder shall ever be held H.
able or responsible for the contracts
faults or debts Of this corporation. nol
shall any nero informally in its srgani'
cation have the effect Of rendering thii
Charter null or exposing the stockholdsl
to any liability beyond the unpaid bal
ance dus on the shares Of stock owned b.
, him.
ARTICLE VIII.
In case Of dissolution Of this corpora
ton by the expiration OF this Charter o.
otherwise, the stockholders shall eles
three liquidators who shall have full au
thority to wind up the affairs Of this com
pany. In the event Of tho death or dis
ability OF any one Of said commissioners
tho remaining liquidstors shall appoint I
, successor to him.
Until the election to be held in Marel
D 1914, the following named persons shal
= constitute the first Board Of Directors
D John Bussey, II. B. Hswes. Charles A
Poirson, G. A. Mc1owen, Charles L
Monnot, Walter J. Burke and Mrs. A.
, Monnot Of whom John c. Bussey shall b
President. c. A. McGowen, Vice Pres
dent, G. A. Poirson, Secretary and Trssi
urer.
, Thus done and passed ia my once !
the City Of New Iberia, Parish Of IbeYil
State Of Louisiana. on the day, month an
. year first above written, in the prsssnc
: Of David Davis and G. q. Edwards, com
petent witnesses. who have signed thss
presents with sppearers and me, Notary