New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1911-03-25

aud Their articles made therefron to md
from the refinery or central factory o!
said corporation, and generally to do and
perform anything and everything peril
nent or incident TO the general purpose,
hereiubefore stated.
ARTICLE ".
The capital stock of this company IL
| hereby fixed at the sum OF three hun
! dred Thousand dollars, to be divided intC
three thousand shares of q par value 81
| one hundred dollars each, which shall be
pHld for IN cash OF IN the purchase oi
property. All sAsres of stock shall be full
paid and non.ess"ssihle. No transfer of
stock shall he recognized or be binding
upon the company unless made pursuant
- rts ~ laws aud recorded upon the
books Of be company.
This corporation shall become a going
concern az soon ~ one hundred thousand
dollars Of its capital stock shall have been
subscribed aud paid for
ARTICLE v
| All the corporate powers of thls corn
Grafton aud the management AID control
OF it's affairs, III the matter of purchasing,
morfgagiDg. selling. cont raoting obliga.
| lions and doing all things necessary to
carry out the powers granted by this
Chatter and the purposes Of the corpora
| ton, shall be vested in Hnd exercised by
the Board Of Directors composed of seven
stockholders. four of whom shall consti-
! tute quorum for the transaction OF i,s
| business.
The first Board Of Directors shall hold
| Office for n period Of three years, and their
successors shall be elected annually on
| bn Erut Of 4
| annually thereafter on the first Monday
OF March Each Htockholder shall he
entitled in person, or by proxy, to one
| vote on every share owned by him, aud
| 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 he flied by the Board for the un
expired term.
The said Board of Directors shall
continue in Office until March, 1914. as
aforesaid or until their Successors shall
| have been duly elected and qualified. md
any faiInre to elect shall not he regarded
| RS n forfeiture Of this Charter. The said
| Board shall haye the right to appoint any
| clerk or employee OF the corporation as 1t
| may deem TT and eYpedient and for the
proper management and control of sid
business.
The Presid Mt shall have authority TO
sue in behalf of the corporation without
Especial authorization of tho Board of
Directors.
ARTICLE VI.
This act o incorporation may be
changed, modified or altered, or this cor
porntion may be dissolved with the as
sent Of three fourths of the stock present
Or represented, at a gensral meeting con
vsDed for that purpose, and after at least
ten days written notice shall have been
given through mail addressed to each
stakeholder at his last known place of
Residence,
ARTICLE VII,
No stockhelder shall ever be held H. |
able or responsible for the contracts.
faults or debts Of this corporation. nor
shall any mere informally in it's ergapi |
zation have the effect Of rendering this
Charter null or exposing the stockh oldsr
to any liability beyond the unpaid bal
ance due on the shares of stock owned bv |
him.
ARTICLE VIII.
In case of dissolution of this eorpora
ton by the expiration of this Charter or
otherwise, the stockholders shall elect
three IHnida'ors who shall have full au-
Ibority TO wind mp the affairs Of this com.
pany in the event Of the death or dis.
ability OF any one OF said commissioners.
he remaining liquidstors shall appoint q
successor to him
Until the ELECTION TO be held in March
sl4, the following named persons shall
constitute the FIRST Board OF Direct ors
Iohn Bussey, II. b. Hewes, Charles A.
'orsou. G. A. McGowen, Charles l..
donnot. WslterJ. Burke and Mrs. A. l..
donnot Of whom John G. Bussey shall be
President. 9. A. McGowen, Vice. Presi
snt, {. A. Poirson, Secretary and Treas
rer.
Thus done and passed 10 my Office in
be City OF Now Iberia, Parish OF Iberia,
tate Of Louisiana. on the day, month and
ear 6rst above written, In the prssen noe
David Davis and e. &. Edwards, oom-
etent witnesses. who have signed these j
resepts With appesrers and me, Notary,
fter dpe reading Of the whole.
IRIS. A. l.. MONNQT. 900 Shares
per G. l.. Mopnot. lii
IIss uDETTE MONN0T, 200 Shares !. !.
Per q. i. Mopnss, rc
Rs. P. PAZZI.. .......... 200 Shares i
per c. l.. Monnot. y
F. y. HEWES. ,,,,,.. $50 Shares
NO. G.. BU3SEY., .,,, 100 Shares r.
RS. GEO. FITHHU1H. "a Shares e
per Walter Burke.
60. W. DALLA6, -. ;, 100 Shares
per Walter J. Burke, q
4. J. P. HARRISON, ,... 400 Shares y
ALTER J. BURKE. ~. =. 100 Shares Ct
X. Z. A. MCGOWEN. ....,. 90 Shares o.
per Walter J. Burke. y
A. POIRSON. ... -. 100 Shares b
per Walter J Burke.
FRED w. BAUMAN,
Notary Public. Il
DAVID DAVIS. u
G. &. EDWARDS. Ia